40 Acres Consulting: 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.
40 Acres Consulting
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+4,827%), from €21,240 to €1.0m
of which Assets under construction and advance payments: +€938,274
- Cash -€226,357
down €226,357 (-73.7%), from €307,332 to €80,975
mainly Investment in fixed assets (net) (-€1.0m) and Other debts (-€5,723)
- Debts after one year +€640,512
new in 2025: €640,512
- Reserves +€110,208
up €110,208 (+35.2%), from €312,720 to €422,929
- Current portion of long-term debt +€53,052
new in 2025: €53,052
- Gross operating margin +€26,490
up €26,490 (+19.8%), from €133,957 to €160,447
- Financial charges +€13,109
up €13,109 (+297%), from €4,411 to €17,520
- Taxes +€3,024
up €3,024 (+10.8%), from €27,901 to €30,925
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.
Derived cash bridge
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 | €337,481 | €1,136,542 | +€799,061 | +237% |
| Fixed assets | 21/28 | €21,240 | €1,046,557 | +€1.0m | +4,827% |
| Tangible fixed assets | 22/27 | €21,240 | €1,046,557 | +€1.0m | +4,827% |
| Land and buildings | 22 | - | €87,472 | +€87,472 | |
| Furniture and vehicles | 24 | €1,240 | €811 | -€429 | -34.6% |
| Assets under construction and advance payments | 27 | €20,000 | €958,274 | +€938,274 | +4,691% |
| Current assets | 29/58 | €316,241 | €89,985 | -€226,256 | -71.5% |
| Amounts receivable within one year | 40/41 | €7,099 | €7,099 | = | 0.0% |
| Other amounts receivable | 41 | €7,099 | €7,099 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €307,332 | €80,975 | -€226,357 | -73.7% |
| Deferred charges and accrued income | 490/1 | €1,810 | €1,911 | +€101 | +5.6% |
| Total equity and liabilities | 10/49 | €337,481 | €1,136,542 | +€799,061 | +237% |
| Equity | 10/15 | €313,220 | €423,429 | +€110,208 | +35.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €312,720 | €422,929 | +€110,208 | +35.2% |
| Distributable reserves | 133 | €312,720 | €422,929 | +€110,208 | +35.2% |
| Amounts payable | 17/49 | €24,261 | €713,113 | +€688,853 | +2,839% |
| Amounts payable after more than one year | 17 | - | €640,512 | +€640,512 | |
| Financial debts | 170/4 | - | €640,512 | +€640,512 | |
| Amounts payable within one year | 42/48 | €24,261 | €72,601 | +€48,341 | +199% |
| Current portion of amounts payable after more than one year | 42 | - | €53,052 | +€53,052 | |
| Trade debts | 44 | €1,098 | €75 | -€1,023 | -93.2% |
| Suppliers | 440/4 | €1,098 | €75 | -€1,023 | -93.2% |
| Taxes, remuneration and social security | 45 | €16,156 | €18,191 | +€2,035 | +12.6% |
| Taxes | 450/3 | €16,156 | €18,191 | +€2,035 | +12.6% |
| Other amounts payable | 47/48 | €7,006 | €1,283 | -€5,723 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €429 | +€382 | +817% |
| Other operating charges | 640/8 | €1,565 | €1,399 | -€167 | -10.6% |
| Gross operating margin | 9900 | €133,957 | €160,447 | +€26,490 | +19.8% |
| Operating profit (loss) | 9901 | €132,345 | €158,619 | +€26,274 | +19.9% |
| Financial income | 75/76B | €1,600 | €34 | -€1,566 | -97.9% |
| Recurring financial income | 75 | €1,600 | €34 | -€1,566 | -97.9% |
| Financial charges | 65/66B | €4,411 | €17,520 | +€13,109 | +297% |
| Recurring financial charges | 65 | €4,411 | €17,520 | +€13,109 | +297% |
| Profit (loss) for the period before taxes | 9903 | €129,534 | €141,134 | +€11,600 | +9.0% |
| Income taxes | 67/77 | €27,901 | €30,925 | +€3,024 | +10.8% |
| Profit (loss) for the period | 9904 | €101,633 | €110,208 | +€8,575 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,633 | €110,208 | +€8,575 | +8.4% |
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 1 November 2026 via checked.be.