A.C.F.: what changed
A.C.F.
Largest movements
- Stocks and contracts -€20,000
down €20,000 (-80.0%), from €25,000 to €5,000
- Cash +€16,851
up €16,851 (+37.4%), from €45,100 to €61,951
mainly Stocks and contracts (+€20,000) and Investment in fixed assets (net) (+€8,107)
- Tangible fixed assets -€12,228
down €12,228 (-61.7%), from €19,803 to €7,575
of which Furniture and vehicles: -€12,192
- Receivables within one year -€5,132
down €5,132 (-12.1%), from €42,376 to €37,244
of which Trade receivables: -€7,741
- Current portion of long-term debt -€8,757
down €8,757 (-91.5%), from €9,567 to €810
- Trade debts -€8,227
down €8,227 (-28.0%), from €29,353 to €21,126
- Other debts -€5,879
down €5,879 (-23.0%), from €25,543 to €19,664
- Profit (loss) carried forward +€1,946
up €1,946 (+4.4%), from €44,544 to €46,489
- Gross operating margin +€21,434
up €21,434, from -€1,703 to €19,731
- Other operating charges +€9,559
up €9,559 (+1,995%), from €479 to €10,038
- Depreciation -€4,858
down €4,858 (-54.1%), from €8,979 to €4,121
- Taxes +€1,924
new in 2025: €1,924
- Financial charges +€360
up €360 (+23.8%), from €1,510 to €1,870
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,278 | €111,770 | -€20,509 | -15.5% |
| Fixed assets | 21/28 | €19,803 | €7,575 | -€12,228 | -61.7% |
| Tangible fixed assets | 22/27 | €19,803 | €7,575 | -€12,228 | -61.7% |
| Plant, machinery and equipment | 23 | €36 | - | -€36 | |
| Furniture and vehicles | 24 | €19,767 | €7,575 | -€12,192 | -61.7% |
| Current assets | 29/58 | €112,476 | €104,195 | -€8,281 | -7.4% |
| Stocks and contracts in progress | 3 | €25,000 | €5,000 | -€20,000 | -80.0% |
| Contracts in progress | 37 | €25,000 | €5,000 | -€20,000 | -80.0% |
| Amounts receivable within one year | 40/41 | €42,376 | €37,244 | -€5,132 | -12.1% |
| Trade receivables | 40 | €37,194 | €29,453 | -€7,741 | -20.8% |
| Other amounts receivable | 41 | €5,182 | €7,791 | +€2,609 | +50.3% |
| Cash at bank and in hand | 54/58 | €45,100 | €61,951 | +€16,851 | +37.4% |
| Total equity and liabilities | 10/49 | €132,278 | €111,770 | -€20,509 | -15.5% |
| Equity | 10/15 | €65,004 | €66,949 | +€1,946 | +3.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,544 | €46,489 | +€1,946 | +4.4% |
| Amounts payable | 17/49 | €67,275 | €44,821 | -€22,454 | -33.4% |
| Amounts payable within one year | 42/48 | €67,275 | €44,821 | -€22,454 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €9,567 | €810 | -€8,757 | -91.5% |
| Trade debts | 44 | €29,353 | €21,126 | -€8,227 | -28.0% |
| Suppliers | 440/4 | €29,353 | €21,126 | -€8,227 | -28.0% |
| Taxes, remuneration and social security | 45 | €2,812 | €3,220 | +€408 | +14.5% |
| Taxes | 450/3 | €2,812 | €3,220 | +€408 | +14.5% |
| Other amounts payable | 47/48 | €25,543 | €19,664 | -€5,879 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,979 | €4,121 | -€4,858 | -54.1% |
| Other operating charges | 640/8 | €479 | €10,038 | +€9,559 | +1,995% |
| Gross operating margin | 9900 | -€1,703 | €19,731 | +€21,434 | |
| Operating profit (loss) | 9901 | -€11,161 | €5,573 | +€16,733 | |
| Financial income | 75/76B | €39 | €167 | +€128 | +327% |
| Recurring financial income | 75 | €39 | €167 | +€128 | +327% |
| Financial charges | 65/66B | €1,510 | €1,870 | +€360 | +23.8% |
| Recurring financial charges | 65 | €1,510 | €1,870 | +€360 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,632 | €3,870 | +€16,502 | |
| Income taxes | 67/77 | - | €1,924 | +€1,924 | |
| Profit (loss) for the period | 9904 | -€12,632 | €1,946 | +€14,578 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,632 | €1,946 | +€14,578 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.