A.C.F.: 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.
A.C.F.
Largest movements
- Tangible fixed assets -€38,131
down €38,131 (-1.2%), from €3.2m to €3.2m
- Profit (loss) carried forward -€147,275
down €147,275 (-9.9%), from -€1.5m to -€1.6m
- Other debts +€65,891
up €65,891 (+8.3%), from €792,515 to €858,406
- Other operating charges +€24,938
up €24,938 (+2,313%), from €1,078 to €26,016
- Financial charges +€15,637
up €15,637 (+136%), from €11,507 to €27,144
- Gross operating margin +€2,426
up €2,426 (+4.2%), from -€58,410 to -€55,984
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.
Derived cash bridge
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 | €3,305,626 | €3,232,141 | -€73,485 | -2.2% |
| Fixed assets | 21/28 | €3,196,728 | €3,158,597 | -€38,131 | -1.2% |
| Tangible fixed assets | 22/27 | €3,196,728 | €3,158,597 | -€38,131 | -1.2% |
| Furniture and vehicles | 24 | €3,196,728 | €3,158,597 | -€38,131 | -1.2% |
| Current assets | 29/58 | €108,898 | €73,544 | -€35,354 | -32.5% |
| Stocks and contracts in progress | 3 | €54,836 | €54,836 | = | 0.0% |
| Stocks | 30/36 | €54,836 | €54,836 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,222 | €9,777 | -€29,445 | -75.1% |
| Trade receivables | 40 | €28,416 | - | -€28,416 | |
| Other amounts receivable | 41 | €10,806 | €9,777 | -€1,029 | -9.5% |
| Cash at bank and in hand | 54/58 | €3,545 | €3,984 | +€439 | +12.4% |
| Deferred charges and accrued income | 490/1 | €11,294 | €4,946 | -€6,348 | -56.2% |
| Total equity and liabilities | 10/49 | €3,305,626 | €3,232,141 | -€73,485 | -2.2% |
| Equity | 10/15 | €2,512,492 | €2,365,218 | -€147,275 | -5.9% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,487,508 | -€1,634,782 | -€147,275 | -9.9% |
| Amounts payable | 17/49 | €793,133 | €866,923 | +€73,790 | +9.3% |
| Amounts payable within one year | 42/48 | €793,133 | €866,923 | +€73,790 | +9.3% |
| Trade debts | 44 | €618 | €8,327 | +€7,709 | +1,247% |
| Suppliers | 440/4 | €618 | €8,327 | +€7,709 | +1,247% |
| Taxes, remuneration and social security | 45 | - | €190 | +€190 | |
| Taxes | 450/3 | - | €190 | +€190 | |
| Other amounts payable | 47/48 | €792,515 | €858,406 | +€65,891 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,003 | €38,131 | +€128 | +0.3% |
| Other operating charges | 640/8 | €1,078 | €26,016 | +€24,938 | +2,313% |
| Gross operating margin | 9900 | -€58,410 | -€55,984 | +€2,426 | +4.2% |
| Operating profit (loss) | 9901 | -€97,491 | -€120,131 | -€22,640 | -23.2% |
| Financial charges | 65/66B | €11,507 | €27,144 | +€15,637 | +136% |
| Recurring financial charges | 65 | €11,507 | €27,144 | +€15,637 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€108,997 | -€147,275 | -€38,277 | -35.1% |
| Profit (loss) for the period | 9904 | -€108,997 | -€147,275 | -€38,277 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,997 | -€147,275 | -€38,277 | -35.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.