AC WORX: 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 WORX
Largest movements
- Stocks and contracts +€95,950
up €95,950 (+170%), from €56,350 to €152,300
- Receivables within one year +€82,561
up €82,561 (+140%), from €58,948 to €141,509
of which Other amounts receivable: +€66,182
- Deferred charges and accrued income +€74,959
up €74,959 (+3,916%), from €1,914 to €76,873
- Advances received +€188,926
new in 2024: €188,926
- Trade debts +€76,959
up €76,959 (+212%), from €36,292 to €113,251
- Profit (loss) carried forward -€33,277
down €33,277, from €16,321 to -€16,955
- Other debts +€20,981
up €20,981 (+44.1%), from €47,566 to €68,547
- Gross operating margin -€72,161
down €72,161, from €49,080 to -€23,082
- Taxes -€5,105
no longer reported in 2024 (was €5,105)
- Financial income -€503
down €503 (-98.8%), from €509 to €6
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,243 | €378,792 | +€254,549 | +205% |
| Fixed assets | 21/28 | €1,764 | €1,103 | -€661 | -37.5% |
| Tangible fixed assets | 22/27 | €1,764 | €1,103 | -€661 | -37.5% |
| Furniture and vehicles | 24 | €1,764 | €1,103 | -€661 | -37.5% |
| Current assets | 29/58 | €122,479 | €377,690 | +€255,210 | +208% |
| Stocks and contracts in progress | 3 | €56,350 | €152,300 | +€95,950 | +170% |
| Stocks | 30/36 | €56,350 | €152,300 | +€95,950 | +170% |
| Amounts receivable within one year | 40/41 | €58,948 | €141,509 | +€82,561 | +140% |
| Trade receivables | 40 | €43,955 | €60,334 | +€16,380 | +37.3% |
| Other amounts receivable | 41 | €14,993 | €81,175 | +€66,182 | +441% |
| Cash at bank and in hand | 54/58 | €5,268 | €7,008 | +€1,740 | +33.0% |
| Deferred charges and accrued income | 490/1 | €1,914 | €76,873 | +€74,959 | +3,916% |
| Total equity and liabilities | 10/49 | €124,243 | €378,792 | +€254,549 | +205% |
| Equity | 10/15 | €35,256 | €1,980 | -€33,277 | -94.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335 | €335 | = | 0.0% |
| Distributable reserves | 133 | €335 | €335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,321 | -€16,955 | -€33,277 | |
| Amounts payable | 17/49 | €88,987 | €376,812 | +€287,826 | +323% |
| Amounts payable within one year | 42/48 | €88,987 | €376,812 | +€287,826 | +323% |
| Trade debts | 44 | €36,292 | €113,251 | +€76,959 | +212% |
| Suppliers | 440/4 | €36,292 | €113,251 | +€76,959 | +212% |
| Advances received on contracts in progress | 46 | - | €188,926 | +€188,926 | |
| Taxes, remuneration and social security | 45 | €5,128 | €6,088 | +€960 | +18.7% |
| Taxes | 450/3 | €5,128 | €6,088 | +€960 | +18.7% |
| Other amounts payable | 47/48 | €47,566 | €68,547 | +€20,981 | +44.1% |
| Non-recurring operating income | 76A | - | €827 | +€827 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €219 | €661 | +€442 | +202% |
| Other operating charges | 640/8 | €484 | €363 | -€121 | -25.0% |
| Non-recurring operating charges | 66A | - | €8,900 | +€8,900 | |
| Gross operating margin | 9900 | €49,080 | -€23,082 | -€72,161 | |
| Operating profit (loss) | 9901 | €48,376 | -€33,006 | -€81,382 | |
| Financial income | 75/76B | €509 | €6 | -€503 | -98.8% |
| Recurring financial income | 75 | €509 | €6 | -€503 | -98.8% |
| Financial charges | 65/66B | €708 | €277 | -€431 | -60.9% |
| Recurring financial charges | 65 | €708 | €277 | -€431 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €48,178 | -€33,277 | -€81,455 | |
| Income taxes | 67/77 | €5,105 | - | -€5,105 | |
| Profit (loss) for the period | 9904 | €43,073 | -€33,277 | -€76,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,073 | -€33,277 | -€76,349 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.