ACDC IMMO: 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.
ACDC IMMO
Largest movements
- Tangible fixed assets +€806,359
up €806,359 (+86.8%), from €928,808 to €1.7m
of which Plant, machinery and equipment: +€805,901
- Debts after one year +€644,495
up €644,495 (+84.2%), from €765,029 to €1.4m
- Other debts +€354,512
up €354,512 (+83.3%), from €425,548 to €780,060
- Profit (loss) carried forward -€175,925
down €175,925 (-50.3%), from -€350,007 to -€525,932
- Current portion of long-term debt +€66,283
new in 2025: €66,283
- Trade debts -€61,765
down €61,765 (-75.0%), from €82,406 to €20,641
- Depreciation +€41,448
up €41,448 (+71.4%), from €58,012 to €99,460
- Gross operating margin -€15,619
down €15,619 (-94.9%), from -€16,454 to -€32,073
- Financial charges +€11,494
up €11,494 (+37.5%), from €30,645 to €42,139
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 | €944,236 | €1,770,576 | +€826,341 | +87.5% |
| Fixed assets | 21/28 | €928,808 | €1,735,166 | +€806,359 | +86.8% |
| Tangible fixed assets | 22/27 | €928,808 | €1,735,166 | +€806,359 | +86.8% |
| Plant, machinery and equipment | 23 | €662,907 | €1,468,808 | +€805,901 | +121.6% |
| Furniture and vehicles | 24 | €9,187 | €21,300 | +€12,113 | +131.8% |
| Leasing and similar rights | 25 | €256,713 | €245,058 | -€11,655 | -4.5% |
| Current assets | 29/58 | €15,428 | €35,410 | +€19,982 | +129.5% |
| Amounts receivable within one year | 40/41 | - | €13,880 | +€13,880 | |
| Other amounts receivable | 41 | - | €13,880 | +€13,880 | |
| Cash at bank and in hand | 54/58 | €15,428 | €21,530 | +€6,103 | +39.6% |
| Total equity and liabilities | 10/49 | €944,236 | €1,770,576 | +€826,341 | +87.5% |
| Equity | 10/15 | -€330,007 | -€505,932 | -€175,925 | -53.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,007 | -€525,932 | -€175,925 | -50.3% |
| Amounts payable | 17/49 | €1,274,242 | €2,276,508 | +€1.0m | +78.7% |
| Amounts payable after more than one year | 17 | €765,029 | €1,409,525 | +€644,495 | +84.2% |
| Financial debts | 170/4 | €765,029 | €1,409,525 | +€644,495 | +84.2% |
| Amounts payable within one year | 42/48 | €509,213 | €866,984 | +€357,771 | +70.3% |
| Current portion of amounts payable after more than one year | 42 | - | €66,283 | +€66,283 | |
| Trade debts | 44 | €82,406 | €20,641 | -€61,765 | -75.0% |
| Suppliers | 440/4 | €82,406 | €20,641 | -€61,765 | -75.0% |
| Taxes, remuneration and social security | 45 | €1,259 | - | -€1,259 | |
| Taxes | 450/3 | €1,259 | - | -€1,259 | |
| Other amounts payable | 47/48 | €425,548 | €780,060 | +€354,512 | +83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,012 | €99,460 | +€41,448 | +71.4% |
| Other operating charges | 640/8 | €2,251 | €2,253 | +€2 | +0.1% |
| Gross operating margin | 9900 | -€16,454 | -€32,073 | -€15,619 | -94.9% |
| Operating profit (loss) | 9901 | -€76,717 | -€133,787 | -€57,069 | -74.4% |
| Financial charges | 65/66B | €30,645 | €42,139 | +€11,494 | +37.5% |
| Recurring financial charges | 65 | €30,645 | €42,139 | +€11,494 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | -€107,362 | -€175,925 | -€68,563 | -63.9% |
| Profit (loss) for the period | 9904 | -€107,362 | -€175,925 | -€68,563 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€107,362 | -€175,925 | -€68,563 | -63.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.