11 ACRES: 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.
11 ACRES
Largest movements
- Tangible fixed assets -€1.7m
down €1.7m (-100.0%), from €1.7m to €0
- Debts after one year -€1.2m
down €1.2m (-100.0%), from €1.2m to €0
- Contributions -€250,000
down €250,000 (-39.4%), from €634,400 to €384,400
- Other debts -€240,887
down €240,887 (-100.0%), from €240,887 to €0
- Profit (loss) carried forward -€18,391
down €18,391 (-5.6%), from -€328,016 to -€346,407
- Gross operating margin +€94,130
up €94,130, from -€46,194 to €47,936
- Depreciation -€26,734
down €26,734 (-100.0%), from €26,734 to €0
- Financial charges -€3,045
down €3,045 (-4.6%), from €65,523 to €62,478
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 | €1,739,637 | €39,183 | -€1.7m | -97.7% |
| Fixed assets | 21/28 | €1,709,857 | €0 | -€1.7m | -100.0% |
| Tangible fixed assets | 22/27 | €1,709,857 | €0 | -€1.7m | -100.0% |
| Land and buildings | 22 | €1,709,857 | €0 | -€1.7m | -100.0% |
| Current assets | 29/58 | €29,780 | €39,183 | +€9,404 | +31.6% |
| Amounts receivable within one year | 40/41 | €2,540 | €206 | -€2,334 | -91.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,540 | €206 | -€2,334 | -91.9% |
| Cash at bank and in hand | 54/58 | €26,035 | €38,977 | +€12,943 | +49.7% |
| Deferred charges and accrued income | 490/1 | €1,205 | €0 | -€1,205 | -100.0% |
| Total equity and liabilities | 10/49 | €1,739,637 | €39,183 | -€1.7m | -97.7% |
| Equity | 10/15 | €306,384 | €37,993 | -€268,391 | -87.6% |
| Contributions | 10/11 | €634,400 | €384,400 | -€250,000 | -39.4% |
| Profit (loss) carried forward | 14 | -€328,016 | -€346,407 | -€18,391 | -5.6% |
| Amounts payable | 17/49 | €1,433,253 | €1,191 | -€1.4m | -99.9% |
| Amounts payable after more than one year | 17 | €1,190,000 | €0 | -€1.2m | -100.0% |
| Financial debts | 170/4 | €1,190,000 | €0 | -€1.2m | -100.0% |
| Amounts payable within one year | 42/48 | €243,253 | €1,191 | -€242,063 | -99.5% |
| Trade debts | 44 | €2,367 | €1,191 | -€1,176 | -49.7% |
| Suppliers | 440/4 | €2,367 | €1,191 | -€1,176 | -49.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €240,887 | €0 | -€240,887 | -100.0% |
| Non-recurring operating income | 76A | - | €90,143 | +€90,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,734 | €0 | -€26,734 | -100.0% |
| Other operating charges | 640/8 | €3,538 | €3,849 | +€311 | +8.8% |
| Gross operating margin | 9900 | -€46,194 | €47,936 | +€94,130 | |
| Operating profit (loss) | 9901 | -€76,466 | €44,087 | +€120,553 | |
| Financial charges | 65/66B | €65,523 | €62,478 | -€3,045 | -4.6% |
| Recurring financial charges | 65 | €65,523 | €62,478 | -€3,045 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | -€141,989 | -€18,391 | +€123,598 | +87.0% |
| Profit (loss) for the period | 9904 | -€141,989 | -€18,391 | +€123,598 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€141,989 | -€18,391 | +€123,598 | +87.0% |
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 6 October 2026 via checked.be.