A.C.D.: 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.
What changed
A.C.D.
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€195,323
2023 · -€3,420+€198,743
Equity
€1.6m
2023 · €1.4m+€195,323
Cash
€218,895
2023 · €177,914+€40,981
Balance sheet total
€5.7m
2023 · €5.8m-€144,684
Largest movements
Assets
- Receivables within one year -€185,671
down €185,671 (-4.5%), from €4.2m to €4.0m
of which Other amounts receivable: -€332,133
- Intangible fixed assets +€87,150
up €87,150 (+1,361%), from €6,405 to €93,555
- Tangible fixed assets -€77,045
down €77,045 (-7.0%), from €1.1m to €1.0m
of which Furniture and vehicles: -€63,748
Equity and liabilities
- Trade debts -€275,954
down €275,954 (-12.9%), from €2.1m to €1.9m
- Accrued charges and deferred income -€221,604
no longer reported in 2024 (was €221,604)
- Tax, wage and social debts +€201,226
up €201,226 (+36.5%), from €551,026 to €752,252
of which Taxes: +€101,522
- Reserves +€195,323
up €195,323 (+14.7%), from €1.3m to €1.5m
of which Distributable reserves: +€195,323
- Debts after one year -€74,334
down €74,334 (-31.1%), from €239,058 to €164,724
Income statement
- Turnover +€846,283
up €846,283 (+8.2%), from €10.3m to €11.1m
- Other operating income -€182,779
down €182,779 (-45.6%), from €401,104 to €218,325
- Taxes +€180,467
up €180,467 (+816%), from €22,108 to €202,574
of which Taxes: +€196,468
- Goods and materials +€145,394
up €145,394 (+3.0%), from €4.8m to €5.0m
of which Change in stocks: decrease (increase): +€77,309
From the 2023 result to the 2024 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.
Result 2023
-€3,420
Turnover
+€846,283
Other operating income
-€182,779
Goods and materials
-€145,394
Services and other goods
+€11,464
Staff costs
-€88,613
Depreciation
-€33,642
Write-downs
+€20,000
Provisions
-€82,769
Other operating charges
-€11,688
Other operating items
+€75,584
Financial income
-€2,240
Financial charges
-€26,997
Taxes
-€180,467
Result 2024
€195,323
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€255,503
Investment
-€170,845
Financing
-€43,676
Cash 2023
€177,914
From operations (derived)
+€255,503
Net result for the year
+€195,323
Depreciation
+€160,740
Stocks and contracts
+€1,849
Receivables within one year
+€185,671
Deferred charges and accrued income
+€8,251
Trade debts
-€275,954
Tax, wage and social debts
+€201,226
Accrued charges and deferred income
-€221,604
Investment (derived)
-€170,845
Investment in fixed assets (net)
-€170,845
Financing
-€43,676
Debts after one year
-€74,334
Current portion of long-term debt
+€30,658
Cash 2024
€218,895
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,829,521 | €5,684,836 | -€144,684 | -2.5% |
| Fixed assets | 21/28 | €1,106,801 | €1,116,906 | +€10,105 | +0.9% |
| Intangible fixed assets | 21 | €6,405 | €93,555 | +€87,150 | +1,361% |
| Tangible fixed assets | 22/27 | €1,095,201 | €1,018,156 | -€77,045 | -7.0% |
| Land and buildings | 22 | €657,585 | €608,159 | -€49,425 | -7.5% |
| Plant, machinery and equipment | 23 | €157,472 | €193,601 | +€36,129 | +22.9% |
| Furniture and vehicles | 24 | €280,145 | €216,397 | -€63,748 | -22.8% |
| Financial fixed assets | 28 | €5,195 | €5,195 | = | 0.0% |
| Other financial fixed assets | 284/8 | €5,195 | €5,195 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,195 | €5,195 | = | 0.0% |
| Current assets | 29/58 | €4,722,720 | €4,567,930 | -€154,789 | -3.3% |
| Stocks and contracts in progress | 3 | €323,531 | €321,683 | -€1,849 | -0.6% |
| Stocks | 30/36 | €62,475 | €79,107 | +€16,631 | +26.6% |
| Goods purchased for resale | 34 | €62,475 | €79,107 | +€16,631 | +26.6% |
| Contracts in progress | 37 | €261,056 | €242,576 | -€18,480 | -7.1% |
| Amounts receivable within one year | 40/41 | €4,166,515 | €3,980,844 | -€185,671 | -4.5% |
| Trade receivables | 40 | €3,818,380 | €3,964,842 | +€146,462 | +3.8% |
| Other amounts receivable | 41 | €348,135 | €16,002 | -€332,133 | -95.4% |
| Cash at bank and in hand | 54/58 | €177,914 | €218,895 | +€40,981 | +23.0% |
| Deferred charges and accrued income | 490/1 | €54,760 | €46,509 | -€8,251 | -15.1% |
| Total equity and liabilities | 10/49 | €5,829,521 | €5,684,836 | -€144,684 | -2.5% |
| Equity | 10/15 | €1,391,826 | €1,587,150 | +€195,323 | +14.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,329,826 | €1,525,150 | +€195,323 | +14.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,323,626 | €1,518,950 | +€195,323 | +14.8% |
| Amounts payable | 17/49 | €4,437,694 | €4,097,687 | -€340,008 | -7.7% |
| Amounts payable after more than one year | 17 | €239,058 | €164,724 | -€74,334 | -31.1% |
| Financial debts | 170/4 | €239,058 | €164,724 | -€74,334 | -31.1% |
| Credit institutions | 173 | €239,058 | €164,724 | -€74,334 | -31.1% |
| Amounts payable within one year | 42/48 | €3,977,033 | €3,932,963 | -€44,070 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €380,665 | €411,323 | +€30,658 | +8.1% |
| Financial debts | 43 | €900,000 | €900,000 | = | 0.0% |
| Credit institutions | 430/8 | €900,000 | €900,000 | = | 0.0% |
| Trade debts | 44 | €2,143,696 | €1,867,742 | -€275,954 | -12.9% |
| Suppliers | 440/4 | €2,143,696 | €1,867,742 | -€275,954 | -12.9% |
| Taxes, remuneration and social security | 45 | €551,026 | €752,252 | +€201,226 | +36.5% |
| Taxes | 450/3 | €134,480 | €236,002 | +€101,522 | +75.5% |
| Remuneration and social security | 454/9 | €416,546 | €516,250 | +€99,704 | +23.9% |
| Other amounts payable | 47/48 | €1,646 | €1,646 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €221,604 | - | -€221,604 | |
| Operating income | 70/76A | €10,636,557 | €11,375,645 | +€739,088 | +6.9% |
| Turnover | 70 | €10,288,855 | €11,135,138 | +€846,283 | +8.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€53,774 | €21,520 | +€75,294 | |
| Other operating income | 74 | €401,104 | €218,325 | -€182,779 | -45.6% |
| Non-recurring operating income | 76A | €372 | €661 | +€289 | +77.8% |
| Operating charges | 60/66A | €10,555,362 | €10,886,003 | +€330,641 | +3.1% |
| Goods for resale, raw materials and consumables | 60 | €4,813,624 | €4,959,018 | +€145,394 | +3.0% |
| Purchases | 600/8 | €4,847,564 | €4,915,649 | +€68,085 | +1.4% |
| Change in stocks: decrease (increase) | 609 | -€33,940 | €43,369 | +€77,309 | |
| Services and other goods | 61 | €1,781,038 | €1,769,573 | -€11,464 | -0.6% |
| Remuneration, social security and pensions | 62 | €3,880,179 | €3,968,792 | +€88,613 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,099 | €160,740 | +€33,642 | +26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€20,000 | -€20,000 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€82,769 | - | +€82,769 | |
| Other operating charges | 640/8 | €36,192 | €47,880 | +€11,688 | +32.3% |
| Operating profit (loss) | 9901 | €81,195 | €489,642 | +€408,447 | +503% |
| Financial income | 75/76B | €2,274 | €33 | -€2,240 | -98.5% |
| Recurring financial income | 75 | €2,274 | €33 | -€2,240 | -98.5% |
| Other financial income | 752/9 | €2,274 | €33 | -€2,240 | -98.5% |
| Financial charges | 65/66B | €64,781 | €91,778 | +€26,997 | +41.7% |
| Recurring financial charges | 65 | €64,781 | €91,778 | +€26,997 | +41.7% |
| Debt charges | 650 | €49,766 | €77,482 | +€27,716 | +55.7% |
| Other financial charges | 652/9 | €15,015 | €14,296 | -€719 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €18,688 | €397,897 | +€379,209 | +2,029% |
| Income taxes | 67/77 | €22,108 | €202,574 | +€180,467 | +816% |
| Taxes | 670/3 | €22,108 | €218,576 | +€196,468 | +889% |
| Tax adjustments and reversals of tax provisions | 77 | - | €16,002 | +€16,002 | |
| Profit (loss) for the period | 9904 | -€3,420 | €195,323 | +€198,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,420 | €195,323 | +€198,743 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.