A.C.A.: 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.
A.C.A.
Largest movements
- Cash -€109,425
down €109,425 (-82.2%), from €133,048 to €23,622
mainly Trade debts (-€124,870) and Current portion of long-term debt (-€35,384)
- Stocks and contracts -€23,128
down €23,128 (-18.5%), from €124,989 to €101,861
- Receivables within one year -€12,314
down €12,314 (-71.5%), from €17,234 to €4,920
of which Trade receivables: -€13,010
- Tangible fixed assets +€6,655
up €6,655 (+2.8%), from €235,018 to €241,674
of which Furniture and vehicles: +€20,824
- Trade debts -€124,870
down €124,870 (-96.8%), from €129,063 to €4,194
- Other debts +€49,966
up €49,966 (+18.4%), from €271,828 to €321,794
- Current portion of long-term debt -€35,384
down €35,384 (-95.8%), from €36,937 to €1,553
- Debts after one year -€15,573
no longer reported in 2025 (was €15,573)
- Profit (loss) carried forward -€5,967
down €5,967 (-404.0%), from -€1,477 to -€7,445
- Other operating charges +€6,274
up €6,274 (+94.8%), from €6,621 to €12,895
- Gross operating margin +€743
up €743 (+2.8%), from €26,535 to €27,278
- Depreciation -€339
down €339 (-1.8%), from €19,099 to €18,760
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 | €512,308 | €378,623 | -€133,685 | -26.1% |
| Fixed assets | 21/28 | €235,018 | €241,774 | +€6,755 | +2.9% |
| Tangible fixed assets | 22/27 | €235,018 | €241,674 | +€6,655 | +2.8% |
| Land and buildings | 22 | €228,372 | €215,087 | -€13,285 | -5.8% |
| Plant, machinery and equipment | 23 | €651 | €305 | -€346 | -53.1% |
| Furniture and vehicles | 24 | €5,324 | €26,148 | +€20,824 | +391.1% |
| Leasing and similar rights | 25 | €671 | €134 | -€537 | -80.0% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €277,289 | €136,849 | -€140,440 | -50.6% |
| Stocks and contracts in progress | 3 | €124,989 | €101,861 | -€23,128 | -18.5% |
| Stocks | 30/36 | €124,989 | €101,861 | -€23,128 | -18.5% |
| Amounts receivable within one year | 40/41 | €17,234 | €4,920 | -€12,314 | -71.5% |
| Trade receivables | 40 | €17,184 | €4,174 | -€13,010 | -75.7% |
| Other amounts receivable | 41 | €50 | €746 | +€696 | +1391.3% |
| Cash at bank and in hand | 54/58 | €133,048 | €23,622 | -€109,425 | -82.2% |
| Deferred charges and accrued income | 490/1 | €2,019 | €6,445 | +€4,427 | +219.3% |
| Total equity and liabilities | 10/49 | €512,308 | €378,623 | -€133,685 | -26.1% |
| Equity | 10/15 | €57,049 | €51,082 | -€5,967 | -10.5% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Outside capital | 11 | €19,831 | €19,831 | = | 0.0% |
| Other | 1109/19 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €38,695 | €38,695 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,450 | €6,450 | = | 0.0% |
| Distributable reserves | 133 | €32,245 | €32,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,477 | -€7,445 | -€5,967 | -404.0% |
| Amounts payable | 17/49 | €455,258 | €327,541 | -€127,717 | -28.1% |
| Amounts payable after more than one year | 17 | €15,573 | - | -€15,573 | |
| Financial debts | 170/4 | €15,573 | - | -€15,573 | |
| Amounts payable within one year | 42/48 | €439,685 | €327,541 | -€112,145 | -25.5% |
| Current portion of amounts payable after more than one year | 42 | €36,937 | €1,553 | -€35,384 | -95.8% |
| Trade debts | 44 | €129,063 | €4,194 | -€124,870 | -96.8% |
| Suppliers | 440/4 | €129,063 | €4,194 | -€124,870 | -96.8% |
| Taxes, remuneration and social security | 45 | €1,857 | - | -€1,857 | |
| Taxes | 450/3 | €1,857 | - | -€1,857 | |
| Other amounts payable | 47/48 | €271,828 | €321,794 | +€49,966 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,099 | €18,760 | -€339 | -1.8% |
| Other operating charges | 640/8 | €6,621 | €12,895 | +€6,274 | +94.8% |
| Gross operating margin | 9900 | €26,535 | €27,278 | +€743 | +2.8% |
| Operating profit (loss) | 9901 | €816 | -€4,376 | -€5,192 | |
| Financial income | 75/76B | €0 | €11 | +€11 | +36366.7% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +36366.7% |
| Financial charges | 65/66B | €1,476 | €1,602 | +€127 | +8.6% |
| Recurring financial charges | 65 | €1,476 | €1,602 | +€127 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€660 | -€5,967 | -€5,307 | -804.1% |
| Profit (loss) for the period | 9904 | -€660 | -€5,967 | -€5,307 | -804.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€660 | -€5,967 | -€5,307 | -804.1% |
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 5 October 2026 via checked.be.