AC WORKS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AC WORKS
Largest movements
- Receivables within one year -€333,592
down €333,592 (-65.3%), from €511,016 to €177,424
of which Other amounts receivable: -€365,614
- Cash +€263,842
up €263,842 (+933%), from €28,267 to €292,110
mainly Net result for the year (+€551,657) and Receivables within one year (+€333,592)
- Intangible fixed assets -€21,429
down €21,429 (-14.3%), from €149,941 to €128,513
- Tangible fixed assets +€17,540
up €17,540 (+327%), from €5,359 to €22,900
of which Furniture and vehicles: +€14,013
- Deferred charges and accrued income +€14,735
new in 2025: €14,735
- Other debts +€257,179
up €257,179 (+277%), from €93,000 to €350,179
- Trade debts -€247,067
down €247,067 (-53.2%), from €464,416 to €217,349
- Accrued charges and deferred income -€66,000
no longer reported in 2025 (was €66,000)
- Profit (loss) carried forward +€21,657
up €21,657 (+67.5%), from €32,088 to €53,744
- Tax, wage and social debts -€17,920
down €17,920 (-68.0%), from €26,372 to €8,452
of which Remuneration and social security: -€9,714
- Gross operating margin +€519,591
up €519,591 (+148%), from €351,434 to €871,025
- Taxes +€82,442
up €82,442 (+878%), from €9,385 to €91,827
- Staff costs -€48,081
down €48,081 (-19.4%), from €247,694 to €199,614
- Depreciation +€20,743
up €20,743 (+424%), from €4,890 to €25,633
- Financial charges -€11,422
down €11,422 (-87.3%), from €13,079 to €1,657
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,584 | €639,182 | -€55,403 | -8.0% |
| Fixed assets | 21/28 | €155,301 | €154,913 | -€388 | -0.3% |
| Intangible fixed assets | 21 | €149,941 | €128,513 | -€21,429 | -14.3% |
| Tangible fixed assets | 22/27 | €5,359 | €22,900 | +€17,540 | +327% |
| Plant, machinery and equipment | 23 | €4,091 | €6,930 | +€2,839 | +69.4% |
| Furniture and vehicles | 24 | €1,268 | €15,282 | +€14,013 | +1,105% |
| Other tangible fixed assets | 26 | - | €688 | +€688 | |
| Financial fixed assets | 28 | - | €3,500 | +€3,500 | |
| Current assets | 29/58 | €539,283 | €484,269 | -€55,014 | -10.2% |
| Amounts receivable within one year | 40/41 | €511,016 | €177,424 | -€333,592 | -65.3% |
| Trade receivables | 40 | €145,061 | €177,083 | +€32,022 | +22.1% |
| Other amounts receivable | 41 | €365,955 | €341 | -€365,614 | -99.9% |
| Cash at bank and in hand | 54/58 | €28,267 | €292,110 | +€263,842 | +933% |
| Deferred charges and accrued income | 490/1 | - | €14,735 | +€14,735 | |
| Total equity and liabilities | 10/49 | €694,584 | €639,182 | -€55,403 | -8.0% |
| Equity | 10/15 | €37,088 | €58,744 | +€21,657 | +58.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,088 | €53,744 | +€21,657 | +67.5% |
| Amounts payable | 17/49 | €657,496 | €580,437 | -€77,059 | -11.7% |
| Amounts payable after more than one year | 17 | €4,458 | €1,128 | -€3,330 | -74.7% |
| Financial debts | 170/4 | €4,458 | €1,128 | -€3,330 | -74.7% |
| Amounts payable within one year | 42/48 | €587,039 | €579,309 | -€7,729 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €3,250 | €3,330 | +€80 | +2.5% |
| Trade debts | 44 | €464,416 | €217,349 | -€247,067 | -53.2% |
| Suppliers | 440/4 | €464,416 | €217,349 | -€247,067 | -53.2% |
| Taxes, remuneration and social security | 45 | €26,372 | €8,452 | -€17,920 | -68.0% |
| Taxes | 450/3 | €9,385 | €1,179 | -€8,206 | -87.4% |
| Remuneration and social security | 454/9 | €16,987 | €7,273 | -€9,714 | -57.2% |
| Other amounts payable | 47/48 | €93,000 | €350,179 | +€257,179 | +277% |
| Accrued charges and deferred income | 492/3 | €66,000 | - | -€66,000 | |
| Remuneration, social security and pensions | 62 | €247,694 | €199,614 | -€48,081 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,890 | €25,633 | +€20,743 | +424% |
| Other operating charges | 640/8 | €483 | €1,222 | +€739 | +153% |
| Gross operating margin | 9900 | €351,434 | €871,025 | +€519,591 | +148% |
| Operating profit (loss) | 9901 | €98,367 | €644,556 | +€546,189 | +555% |
| Financial income | 75/76B | €319 | €584 | +€266 | +83.4% |
| Recurring financial income | 75 | €319 | €584 | +€266 | +83.4% |
| Financial charges | 65/66B | €13,079 | €1,657 | -€11,422 | -87.3% |
| Recurring financial charges | 65 | €13,079 | €1,657 | -€11,422 | -87.3% |
| Profit (loss) for the period before taxes | 9903 | €85,607 | €643,483 | +€557,877 | +652% |
| Income taxes | 67/77 | €9,385 | €91,827 | +€82,442 | +878% |
| Profit (loss) for the period | 9904 | €76,221 | €551,657 | +€475,435 | +624% |
| Profit (loss) for the period to be appropriated | 9905 | €76,221 | €551,657 | +€475,435 | +624% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.