A.C.B: 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.B
Largest movements
- Stocks and contracts -€62,008
down €62,008 (-24.0%), from €257,944 to €195,936
- Cash +€35,831
up €35,831 (+147.9%), from €24,220 to €60,051
mainly Stocks and contracts (+€62,008) and Depreciation (+€3,037)
- Profit (loss) carried forward -€11,180
down €11,180 (-14.3%), from -€78,124 to -€89,304
- Other debts -€7,063
down €7,063 (-8.1%), from €87,638 to €80,575
- Tax, wage and social debts -€4,541
down €4,541 (-22.6%), from €20,066 to €15,526
of which Taxes: -€3,180
- Trade debts -€3,951
down €3,951 (-42.3%), from €9,349 to €5,398
- Gross operating margin +€10,070
up €10,070 (+19.8%), from €50,798 to €60,868
- Staff costs -€3,848
down €3,848 (-6.1%), from €63,554 to €59,706
- Write-downs -€2,839
down €2,839 (-100.0%), from €2,839 to €0
- Financial income -€766
down €766 (-78.5%), from €976 to €210
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 | €324,249 | €295,800 | -€28,449 | -8.8% |
| Fixed assets | 21/28 | €17,482 | €14,446 | -€3,037 | -17.4% |
| Tangible fixed assets | 22/27 | €17,482 | €14,446 | -€3,037 | -17.4% |
| Other tangible fixed assets | 26 | €17,482 | €14,446 | -€3,037 | -17.4% |
| Current assets | 29/58 | €306,767 | €281,355 | -€25,412 | -8.3% |
| Stocks and contracts in progress | 3 | €257,944 | €195,936 | -€62,008 | -24.0% |
| Stocks | 30/36 | €257,944 | €195,936 | -€62,008 | -24.0% |
| Amounts receivable within one year | 40/41 | €24,602 | €25,367 | +€765 | +3.1% |
| Trade receivables | 40 | €24,602 | €25,367 | +€765 | +3.1% |
| Cash at bank and in hand | 54/58 | €24,220 | €60,051 | +€35,831 | +147.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €324,249 | €295,800 | -€28,449 | -8.8% |
| Equity | 10/15 | €205,481 | €194,301 | -€11,180 | -5.4% |
| Contributions | 10/11 | €213,592 | €213,592 | = | 0.0% |
| Reserves | 13 | €70,013 | €70,013 | = | 0.0% |
| Distributable reserves | 133 | €70,013 | €70,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,124 | -€89,304 | -€11,180 | -14.3% |
| Amounts payable | 17/49 | €118,768 | €101,499 | -€17,269 | -14.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €118,768 | €101,499 | -€17,269 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €1,715 | €0 | -€1,715 | -100.0% |
| Trade debts | 44 | €9,349 | €5,398 | -€3,951 | -42.3% |
| Suppliers | 440/4 | €9,349 | €5,398 | -€3,951 | -42.3% |
| Taxes, remuneration and social security | 45 | €20,066 | €15,526 | -€4,541 | -22.6% |
| Taxes | 450/3 | €7,298 | €4,117 | -€3,180 | -43.6% |
| Remuneration and social security | 454/9 | €12,769 | €11,408 | -€1,360 | -10.7% |
| Other amounts payable | 47/48 | €87,638 | €80,575 | -€7,063 | -8.1% |
| Remuneration, social security and pensions | 62 | €63,554 | €59,706 | -€3,848 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,037 | €3,037 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,839 | €0 | -€2,839 | -100.0% |
| Other operating charges | 640/8 | €4,572 | €4,602 | +€30 | +0.7% |
| Gross operating margin | 9900 | €50,798 | €60,868 | +€10,070 | +19.8% |
| Operating profit (loss) | 9901 | -€23,205 | -€6,478 | +€16,727 | +72.1% |
| Financial income | 75/76B | €976 | €210 | -€766 | -78.5% |
| Recurring financial income | 75 | €976 | €210 | -€766 | -78.5% |
| Financial charges | 65/66B | €5,165 | €4,912 | -€253 | -4.9% |
| Recurring financial charges | 65 | €5,165 | €4,912 | -€253 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,393 | -€11,180 | +€16,214 | +59.2% |
| Profit (loss) for the period | 9904 | -€27,393 | -€11,180 | +€16,214 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,393 | -€11,180 | +€16,214 | +59.2% |
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 4 October 2026 via checked.be.