AC2i: what changed
AC2i
Largest movements
- Tangible fixed assets +€158,710
up €158,710 (+32.8%), from €483,670 to €642,380
of which Land and buildings: +€151,379
- Current investments -€19,000
down €19,000 (-62.9%), from €30,199 to €11,199
- Cash -€17,684
down €17,684 (-23.0%), from €76,979 to €59,295
mainly Investment in fixed assets (net) (-€172,750) and Contributions, distributions and other (-€6,500)
- Receivables within one year -€8,198
down €8,198 (-98.1%), from €8,357 to €159
- Reserves +€82,500
up €82,500 (+51.5%), from €160,060 to €242,560
- Other debts +€16,670
up €16,670 (+23.0%), from €72,544 to €89,215
- Tax, wage and social debts +€13,943
up €13,943 (+44.6%), from €31,237 to €45,180
- Gross operating margin +€67,720
up €67,720 (+84.4%), from €80,220 to €147,940
- Taxes +€26,345
up €26,345 (+186%), from €14,133 to €40,478
- Other operating charges -€15,886
down €15,886 (-81.0%), from €19,619 to €3,734
- Depreciation +€2,098
up €2,098 (+17.6%), from €11,942 to €14,040
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €599,205 | €713,032 | +€113,828 | +19.0% |
| Fixed assets | 21/28 | €483,670 | €642,380 | +€158,710 | +32.8% |
| Tangible fixed assets | 22/27 | €483,670 | €642,380 | +€158,710 | +32.8% |
| Land and buildings | 22 | €482,952 | €634,331 | +€151,379 | +31.3% |
| Furniture and vehicles | 24 | €718 | €1,732 | +€1,014 | +141% |
| Other tangible fixed assets | 26 | - | €6,317 | +€6,317 | |
| Current assets | 29/58 | €115,535 | €70,653 | -€44,883 | -38.8% |
| Amounts receivable within one year | 40/41 | €8,357 | €159 | -€8,198 | -98.1% |
| Trade receivables | 40 | €8,357 | €159 | -€8,198 | -98.1% |
| Current investments | 50/53 | €30,199 | €11,199 | -€19,000 | -62.9% |
| Cash at bank and in hand | 54/58 | €76,979 | €59,295 | -€17,684 | -23.0% |
| Total equity and liabilities | 10/49 | €599,205 | €713,032 | +€113,828 | +19.0% |
| Equity | 10/15 | €495,359 | €578,223 | +€82,864 | +16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €600 | - | -€600 | |
| Issued capital | 100 | €600 | - | -€600 | |
| Contributions outside capital | 11 | €11,800 | €12,400 | +€600 | +5.1% |
| Other | 1109/19 | €11,800 | €12,400 | +€600 | +5.1% |
| Reserves | 13 | €160,060 | €242,560 | +€82,500 | +51.5% |
| Distributable reserves | 133 | €160,060 | €242,560 | +€82,500 | +51.5% |
| Profit (loss) carried forward | 14 | €322,899 | €323,263 | +€364 | +0.1% |
| Amounts payable | 17/49 | €103,846 | €134,810 | +€30,964 | +29.8% |
| Amounts payable within one year | 42/48 | €103,781 | €134,395 | +€30,614 | +29.5% |
| Taxes, remuneration and social security | 45 | €31,237 | €45,180 | +€13,943 | +44.6% |
| Taxes | 450/3 | €31,237 | €45,180 | +€13,943 | +44.6% |
| Other amounts payable | 47/48 | €72,544 | €89,215 | +€16,670 | +23.0% |
| Accrued charges and deferred income | 492/3 | €65 | €415 | +€350 | +539% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,942 | €14,040 | +€2,098 | +17.6% |
| Other operating charges | 640/8 | €19,619 | €3,734 | -€15,886 | -81.0% |
| Gross operating margin | 9900 | €80,220 | €147,940 | +€67,720 | +84.4% |
| Operating profit (loss) | 9901 | €48,659 | €130,166 | +€81,508 | +168% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €469 | €327 | -€142 | -30.4% |
| Recurring financial charges | 65 | €469 | €327 | -€142 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €48,190 | €129,842 | +€81,652 | +169% |
| Income taxes | 67/77 | €14,133 | €40,478 | +€26,345 | +186% |
| Profit (loss) for the period | 9904 | €34,057 | €89,364 | +€55,307 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €34,057 | €89,364 | +€55,307 | +162% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.