ACDC: what changed
Two fiscal 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.
ACDC
Largest movements
- Current investments +€29,727
up €29,727 (+297.3%), from €10,000 to €39,727
- Cash -€12,047
down €12,047 (-57.9%), from €20,821 to €8,774
mainly Current investments (-€29,727) and Investment in fixed assets (net) (-€6,938)
- Tangible fixed assets +€5,400
up €5,400 (+231.1%), from €2,336 to €7,736
- Receivables within one year +€1,355
up €1,355 (+11.3%), from €11,979 to €13,334
- Reserves +€20,992
up €20,992 (+64.7%), from €32,430 to €53,422
- Other debts +€2,368
up €2,368 (+262.1%), from €904 to €3,272
- Tax, wage and social debts +€2,131
up €2,131 (+25.5%), from €8,348 to €10,478
- Trade debts -€861
down €861 (-28.0%), from €3,069 to €2,208
- Gross operating margin -€14,352
down €14,352 (-31.5%), from €45,624 to €31,273
- Taxes -€2,426
down €2,426 (-22.5%), from €10,806 to €8,380
- Depreciation -€766
down €766 (-33.2%), from €2,305 to €1,538
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.
Cash bridge derived
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 | €45,750 | €70,380 | +€24,630 | +53.8% |
| Fixed assets | 21/28 | €2,336 | €7,736 | +€5,400 | +231.1% |
| Tangible fixed assets | 22/27 | €2,336 | €7,736 | +€5,400 | +231.1% |
| Plant, machinery and equipment | 23 | €2,336 | €7,736 | +€5,400 | +231.1% |
| Current assets | 29/58 | €43,414 | €62,644 | +€19,230 | +44.3% |
| Amounts receivable within one year | 40/41 | €11,979 | €13,334 | +€1,355 | +11.3% |
| Trade receivables | 40 | €11,979 | €13,334 | +€1,355 | +11.3% |
| Current investments | 50/53 | €10,000 | €39,727 | +€29,727 | +297.3% |
| Cash at bank and in hand | 54/58 | €20,821 | €8,774 | -€12,047 | -57.9% |
| Deferred charges and accrued income | 490/1 | €614 | €809 | +€196 | +31.9% |
| Total equity and liabilities | 10/49 | €45,750 | €70,380 | +€24,630 | +53.8% |
| Equity | 10/15 | €33,430 | €54,422 | +€20,992 | +62.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,430 | €53,422 | +€20,992 | +64.7% |
| Distributable reserves | 133 | €32,430 | €53,422 | +€20,992 | +64.7% |
| Amounts payable | 17/49 | €12,320 | €15,959 | +€3,638 | +29.5% |
| Amounts payable within one year | 42/48 | €12,320 | €15,959 | +€3,638 | +29.5% |
| Trade debts | 44 | €3,069 | €2,208 | -€861 | -28.0% |
| Suppliers | 440/4 | €3,069 | €2,208 | -€861 | -28.0% |
| Taxes, remuneration and social security | 45 | €8,348 | €10,478 | +€2,131 | +25.5% |
| Taxes | 450/3 | €8,348 | €10,478 | +€2,131 | +25.5% |
| Other amounts payable | 47/48 | €904 | €3,272 | +€2,368 | +262.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,305 | €1,538 | -€766 | -33.2% |
| Other operating charges | 640/8 | €50 | €120 | +€70 | +140.0% |
| Gross operating margin | 9900 | €45,624 | €31,273 | -€14,352 | -31.5% |
| Operating profit (loss) | 9901 | €43,270 | €29,615 | -€13,655 | -31.6% |
| Financial charges | 65/66B | €34 | €96 | +€61 | +179.4% |
| Recurring financial charges | 65 | €34 | €96 | +€61 | +179.4% |
| Profit (loss) for the period before taxes | 9903 | €43,236 | €29,519 | -€13,717 | -31.7% |
| Income taxes | 67/77 | €10,806 | €8,380 | -€2,426 | -22.5% |
| Profit (loss) for the period | 9904 | €32,430 | €21,139 | -€11,291 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,430 | €21,139 | -€11,291 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.