A.C.K.: 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.K.
Largest movements
- Tangible fixed assets -€25,701
down €25,701 (-18.1%), from €141,625 to €115,923
of which Other tangible fixed assets: -€17,686
- Cash +€21,610
up €21,610 (+7.3%), from €294,197 to €315,807
mainly Net result for the year (+€35,780) and Depreciation (+€35,222)
- Reserves +€35,780
up €35,780 (+11.6%), from €307,770 to €343,549
- Debts after one year -€21,996
down €21,996 (-25.0%), from €88,024 to €66,028
- Tax, wage and social debts -€12,387
down €12,387 (-21.5%), from €57,685 to €45,298
of which Taxes: -€18,334
- Gross operating margin -€17,284
down €17,284 (-5.2%), from €329,800 to €312,516
- Taxes -€11,618
down €11,618 (-38.6%), from €30,116 to €18,498
- Financial income -€9,049
down €9,049 (-97.3%), from €9,301 to €253
- Staff costs +€6,426
up €6,426 (+3.1%), from €210,218 to €216,644
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 | €683,247 | €684,189 | +€942 | +0.1% |
| Fixed assets | 21/28 | €141,625 | €115,923 | -€25,701 | -18.1% |
| Tangible fixed assets | 22/27 | €141,625 | €115,923 | -€25,701 | -18.1% |
| Plant, machinery and equipment | 23 | €16,426 | €13,994 | -€2,432 | -14.8% |
| Furniture and vehicles | 24 | €29,417 | €23,834 | -€5,583 | -19.0% |
| Other tangible fixed assets | 26 | €95,782 | €78,096 | -€17,686 | -18.5% |
| Current assets | 29/58 | €541,622 | €568,266 | +€26,643 | +4.9% |
| Amounts receivable after more than one year | 29 | €100,517 | €100,517 | = | 0.0% |
| Trade receivables | 290 | €100,517 | €100,517 | = | 0.0% |
| Stocks and contracts in progress | 3 | €131,424 | €136,413 | +€4,990 | +3.8% |
| Stocks | 30/36 | €131,424 | €136,413 | +€4,990 | +3.8% |
| Amounts receivable within one year | 40/41 | €11,684 | €15,528 | +€3,844 | +32.9% |
| Trade receivables | 40 | €7,550 | €6,190 | -€1,360 | -18.0% |
| Other amounts receivable | 41 | €4,134 | €9,338 | +€5,204 | +125.9% |
| Cash at bank and in hand | 54/58 | €294,197 | €315,807 | +€21,610 | +7.3% |
| Deferred charges and accrued income | 490/1 | €3,801 | - | -€3,801 | |
| Total equity and liabilities | 10/49 | €683,247 | €684,189 | +€942 | +0.1% |
| Equity | 10/15 | €358,703 | €394,483 | +€35,780 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,770 | €343,549 | +€35,780 | +11.6% |
| Distributable reserves | 133 | €307,770 | €343,549 | +€35,780 | +11.6% |
| Profit (loss) carried forward | 14 | €32,333 | €32,333 | = | 0.0% |
| Amounts payable | 17/49 | €324,544 | €289,706 | -€34,838 | -10.7% |
| Amounts payable after more than one year | 17 | €88,024 | €66,028 | -€21,996 | -25.0% |
| Financial debts | 170/4 | €88,024 | €66,028 | -€21,996 | -25.0% |
| Amounts payable within one year | 42/48 | €236,520 | €223,678 | -€12,842 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €46,996 | €46,996 | = | 0.0% |
| Trade debts | 44 | €14,496 | €7,844 | -€6,652 | -45.9% |
| Suppliers | 440/4 | €14,496 | €7,844 | -€6,652 | -45.9% |
| Taxes, remuneration and social security | 45 | €57,685 | €45,298 | -€12,387 | -21.5% |
| Taxes | 450/3 | €31,426 | €13,092 | -€18,334 | -58.3% |
| Remuneration and social security | 454/9 | €26,259 | €32,206 | +€5,946 | +22.6% |
| Other amounts payable | 47/48 | €117,343 | €123,540 | +€6,197 | +5.3% |
| Remuneration, social security and pensions | 62 | €210,218 | €216,644 | +€6,426 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,064 | €35,222 | +€1,158 | +3.4% |
| Other operating charges | 640/8 | €1,911 | €1,976 | +€65 | +3.4% |
| Gross operating margin | 9900 | €329,800 | €312,516 | -€17,284 | -5.2% |
| Operating profit (loss) | 9901 | €83,607 | €58,674 | -€24,933 | -29.8% |
| Financial income | 75/76B | €9,301 | €253 | -€9,049 | -97.3% |
| Recurring financial income | 75 | €9,301 | €253 | -€9,049 | -97.3% |
| Financial charges | 65/66B | €5,158 | €4,649 | -€510 | -9.9% |
| Recurring financial charges | 65 | €5,158 | €4,649 | -€510 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €87,750 | €54,278 | -€33,472 | -38.1% |
| Income taxes | 67/77 | €30,116 | €18,498 | -€11,618 | -38.6% |
| Profit (loss) for the period | 9904 | €57,635 | €35,780 | -€21,855 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,635 | €35,780 | -€21,855 | -37.9% |
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 3 October 2026 via checked.be.