A.C.K.: 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.K.
Largest movements
- Tangible fixed assets +€89,396
up €89,396 (+126%), from €71,120 to €160,516
of which Furniture and vehicles: +€95,785
- Cash -€82,784
no longer reported in 2025 (was €82,784)
mainly Investment in fixed assets (net) (-€118,868) and Receivables within one year (-€74,961)
- Receivables within one year +€74,961
up €74,961 (+64.0%), from €117,088 to €192,048
of which Trade receivables: +€80,246
- Debts after one year +€50,907
up €50,907 (+640%), from €7,960 to €58,867
- Current portion of long-term debt +€23,664
up €23,664 (+514%), from €4,608 to €28,271
- Trade debts +€14,084
up €14,084 (+65.2%), from €21,592 to €35,676
- Other debts -€7,699
down €7,699 (-100%), from €7,699 to €0
- Profit (loss) carried forward -€5,076
down €5,076 (-3.8%), from €133,357 to €128,282
- Gross operating margin -€42,956
down €42,956 (-26.2%), from €163,857 to €120,902
- Depreciation +€17,028
up €17,028 (+137%), from €12,445 to €29,473
- Write-downs -€15,329
no longer reported in 2025 (was €15,329)
- Taxes -€12,147
down €12,147 (-94.1%), from €12,911 to €764
- Financial charges -€4,010
down €4,010 (-60.1%), from €6,674 to €2,664
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 | €270,992 | €352,564 | +€81,572 | +30.1% |
| Fixed assets | 21/28 | €71,120 | €160,516 | +€89,396 | +126% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €71,120 | €160,516 | +€89,396 | +126% |
| Land and buildings | 22 | €45,150 | €40,547 | -€4,604 | -10.2% |
| Plant, machinery and equipment | 23 | €1,645 | €415 | -€1,230 | -74.8% |
| Furniture and vehicles | 24 | €23,669 | €119,455 | +€95,785 | +405% |
| Other tangible fixed assets | 26 | €656 | €100 | -€556 | -84.8% |
| Current assets | 29/58 | €199,872 | €192,048 | -€7,823 | -3.9% |
| Amounts receivable within one year | 40/41 | €117,088 | €192,048 | +€74,961 | +64.0% |
| Trade receivables | 40 | €98,804 | €179,049 | +€80,246 | +81.2% |
| Other amounts receivable | 41 | €18,284 | €12,999 | -€5,285 | -28.9% |
| Cash at bank and in hand | 54/58 | €82,784 | - | -€82,784 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €270,992 | €352,564 | +€81,572 | +30.1% |
| Equity | 10/15 | €215,898 | €210,822 | -€5,076 | -2.4% |
| Contributions | 10/11 | €6,247 | €6,247 | = | 0.0% |
| Reserves | 13 | €76,294 | €76,294 | = | 0.0% |
| Distributable reserves | 133 | €76,294 | €76,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,357 | €128,282 | -€5,076 | -3.8% |
| Amounts payable | 17/49 | €55,094 | €141,742 | +€86,648 | +157% |
| Amounts payable after more than one year | 17 | €7,960 | €58,867 | +€50,907 | +640% |
| Financial debts | 170/4 | €7,960 | €58,867 | +€50,907 | +640% |
| Amounts payable within one year | 42/48 | €47,134 | €82,875 | +€35,741 | +75.8% |
| Current portion of amounts payable after more than one year | 42 | €4,608 | €28,271 | +€23,664 | +514% |
| Financial debts | 43 | - | €4,928 | +€4,928 | |
| Credit institutions | 430/8 | - | €4,928 | +€4,928 | |
| Trade debts | 44 | €21,592 | €35,676 | +€14,084 | +65.2% |
| Suppliers | 440/4 | €21,592 | €35,676 | +€14,084 | +65.2% |
| Taxes, remuneration and social security | 45 | €13,236 | €13,999 | +€764 | +5.8% |
| Taxes | 450/3 | €13,236 | €13,999 | +€764 | +5.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €7,699 | €0 | -€7,699 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €91,924 | €92,512 | +€588 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,445 | €29,473 | +€17,028 | +137% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,329 | - | -€15,329 | |
| Other operating charges | 640/8 | - | €565 | +€565 | |
| Gross operating margin | 9900 | €163,857 | €120,902 | -€42,956 | -26.2% |
| Operating profit (loss) | 9901 | €44,160 | -€1,648 | -€45,807 | |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €6,674 | €2,664 | -€4,010 | -60.1% |
| Recurring financial charges | 65 | €6,674 | €2,664 | -€4,010 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | €37,486 | -€4,312 | -€41,798 | |
| Income taxes | 67/77 | €12,911 | €764 | -€12,147 | -94.1% |
| Profit (loss) for the period | 9904 | €24,575 | -€5,076 | -€29,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,575 | -€5,076 | -€29,651 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.