A.C.C.: 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.C.
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€192,676
down €192,676 (-55.4%), from €348,004 to €155,328
mainly Current investments (-€350,000) and Receivables within one year (-€13,606)
- Receivables within one year +€13,606
up €13,606 (+52.2%), from €26,068 to €39,674
of which Trade receivables: +€19,446
- Tangible fixed assets -€12,658
down €12,658 (-6.4%), from €197,953 to €185,295
of which Land and buildings: -€8,105
- Reserves +€146,117
up €146,117 (+24.0%), from €608,516 to €754,632
- Gross operating margin +€120,986
up €120,986 (+110.2%), from €109,807 to €230,793
- Taxes +€43,422
up €43,422 (+159.9%), from €27,152 to €70,574
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 | €666,416 | €823,272 | +€156,856 | +23.5% |
| Fixed assets | 21/28 | €198,506 | €185,848 | -€12,658 | -6.4% |
| Tangible fixed assets | 22/27 | €197,953 | €185,295 | -€12,658 | -6.4% |
| Land and buildings | 22 | €171,880 | €163,775 | -€8,105 | -4.7% |
| Plant, machinery and equipment | 23 | €10,642 | €8,342 | -€2,300 | -21.6% |
| Furniture and vehicles | 24 | €15,431 | €13,178 | -€2,253 | -14.6% |
| Financial fixed assets | 28 | €553 | €553 | = | 0.0% |
| Current assets | 29/58 | €467,910 | €637,424 | +€169,514 | +36.2% |
| Amounts receivable after more than one year | 29 | €92,000 | €92,000 | = | 0.0% |
| Other amounts receivable | 291 | €92,000 | €92,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,068 | €39,674 | +€13,606 | +52.2% |
| Trade receivables | 40 | €532 | €19,979 | +€19,446 | +3655.0% |
| Other amounts receivable | 41 | €25,536 | €19,695 | -€5,841 | -22.9% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €348,004 | €155,328 | -€192,676 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,838 | €423 | -€1,416 | -77.0% |
| Total equity and liabilities | 10/49 | €666,416 | €823,272 | +€156,856 | +23.5% |
| Equity | 10/15 | €620,916 | €767,032 | +€146,117 | +23.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €608,516 | €754,632 | +€146,117 | +24.0% |
| Distributable reserves | 133 | €608,516 | €754,632 | +€146,117 | +24.0% |
| Provisions and deferred taxes | 16 | €3,765 | €3,765 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,765 | €3,765 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,765 | €3,765 | = | 0.0% |
| Amounts payable | 17/49 | €41,735 | €52,474 | +€10,739 | +25.7% |
| Amounts payable within one year | 42/48 | €37,142 | €52,474 | +€15,333 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €24,658 | €31,562 | +€6,904 | +28.0% |
| Trade debts | 44 | €3,786 | €410 | -€3,376 | -89.2% |
| Suppliers | 440/4 | €3,786 | €410 | -€3,376 | -89.2% |
| Taxes, remuneration and social security | 45 | €8,698 | €13,849 | +€5,151 | +59.2% |
| Taxes | 450/3 | €8,698 | €13,849 | +€5,151 | +59.2% |
| Other amounts payable | 47/48 | - | €6,654 | +€6,654 | |
| Accrued charges and deferred income | 492/3 | €4,594 | - | -€4,594 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,973 | €18,309 | +€1,336 | +7.9% |
| Other operating charges | 640/8 | €2,973 | €2,370 | -€603 | -20.3% |
| Gross operating margin | 9900 | €109,807 | €230,793 | +€120,986 | +110.2% |
| Operating profit (loss) | 9901 | €89,861 | €210,114 | +€120,253 | +133.8% |
| Financial income | 75/76B | €6,597 | €7,611 | +€1,014 | +15.4% |
| Recurring financial income | 75 | €6,597 | €7,611 | +€1,014 | +15.4% |
| Financial charges | 65/66B | €1,374 | €1,034 | -€340 | -24.7% |
| Recurring financial charges | 65 | €1,374 | €1,034 | -€340 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €95,083 | €216,691 | +€121,608 | +127.9% |
| Income taxes | 67/77 | €27,152 | €70,574 | +€43,422 | +159.9% |
| Profit (loss) for the period | 9904 | €67,931 | €146,117 | +€78,186 | +115.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,931 | €146,117 | +€78,186 | +115.1% |
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 6 October 2026 via checked.be.