A.C.L.C.: 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.L.C.
Largest movements
- Tangible fixed assets -€33,201
down €33,201 (-35.4%), from €93,738 to €60,537
of which Furniture and vehicles: -€16,905
- Current investments +€30,600
up €30,600 (+2.4%), from €1.2m to €1.3m
- Cash -€30,460
down €30,460 (-39.9%), from €76,429 to €45,969
mainly Contributions, distributions and other (-€85,000) and Tax, wage and social debts (-€60,820)
- Tax, wage and social debts -€60,820
down €60,820 (-77.5%), from €78,434 to €17,614
of which Taxes: -€48,820
- Reserves -€60,000
down €60,000 (-69.1%), from €86,860 to €26,860
of which Distributable reserves: -€60,000
- Other debts +€56,150
up €56,150 (+236%), from €23,750 to €79,900
- Short-term financial debts +€54,582
up €54,582 (+14.4%), from €379,138 to €433,720
- Debts after one year -€16,204
down €16,204 (-31.3%), from €51,716 to €35,512
- Gross operating margin -€56,262
down €56,262 (-38.9%), from €144,585 to €88,322
- Financial income +€14,672
up €14,672 (+45.9%), from €31,945 to €46,617
- Taxes -€9,345
down €9,345 (-36.3%), from €25,731 to €16,387
- Financial charges +€6,687
up €6,687 (+21.3%), from €31,425 to €38,112
- Staff costs -€2,983
down €2,983 (-87.3%), from €3,418 to €435
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 | €1,427,865 | €1,392,391 | -€35,474 | -2.5% |
| Fixed assets | 21/28 | €93,980 | €60,537 | -€33,443 | -35.6% |
| Tangible fixed assets | 22/27 | €93,738 | €60,537 | -€33,201 | -35.4% |
| Land and buildings | 22 | €51,216 | €34,920 | -€16,296 | -31.8% |
| Furniture and vehicles | 24 | €42,522 | €25,617 | -€16,905 | -39.8% |
| Financial fixed assets | 28 | €242 | - | -€242 | |
| Current assets | 29/58 | €1,333,886 | €1,331,854 | -€2,031 | -0.2% |
| Amounts receivable within one year | 40/41 | €5,200 | €511 | -€4,690 | -90.2% |
| Trade receivables | 40 | €5,200 | €511 | -€4,690 | -90.2% |
| Current investments | 50/53 | €1,249,822 | €1,280,422 | +€30,600 | +2.4% |
| Cash at bank and in hand | 54/58 | €76,429 | €45,969 | -€30,460 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,435 | €4,954 | +€2,519 | +103% |
| Total equity and liabilities | 10/49 | €1,427,865 | €1,392,391 | -€35,474 | -2.5% |
| Equity | 10/15 | €844,151 | €789,467 | -€54,684 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €86,860 | €26,860 | -€60,000 | -69.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €85,000 | €25,000 | -€60,000 | -70.6% |
| Profit (loss) carried forward | 14 | €738,691 | €744,007 | +€5,316 | +0.7% |
| Amounts payable | 17/49 | €583,714 | €602,924 | +€19,210 | +3.3% |
| Amounts payable after more than one year | 17 | €51,716 | €35,512 | -€16,204 | -31.3% |
| Financial debts | 170/4 | €51,716 | €35,512 | -€16,204 | -31.3% |
| Amounts payable within one year | 42/48 | €525,776 | €565,550 | +€39,774 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €30,166 | €21,178 | -€8,987 | -29.8% |
| Financial debts | 43 | €379,138 | €433,720 | +€54,582 | +14.4% |
| Other loans | 439 | €379,138 | €433,720 | +€54,582 | +14.4% |
| Trade debts | 44 | €14,289 | €13,139 | -€1,151 | -8.1% |
| Suppliers | 440/4 | €14,289 | €13,139 | -€1,151 | -8.1% |
| Taxes, remuneration and social security | 45 | €78,434 | €17,614 | -€60,820 | -77.5% |
| Taxes | 450/3 | €66,434 | €17,614 | -€48,820 | -73.5% |
| Remuneration and social security | 454/9 | €12,000 | - | -€12,000 | |
| Other amounts payable | 47/48 | €23,750 | €79,900 | +€56,150 | +236% |
| Accrued charges and deferred income | 492/3 | €6,222 | €1,862 | -€4,361 | -70.1% |
| Remuneration, social security and pensions | 62 | €3,418 | €435 | -€2,983 | -87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,711 | €44,501 | +€790 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€244 | - | +€244 | |
| Other operating charges | 640/8 | €4,998 | €5,188 | +€190 | +3.8% |
| Gross operating margin | 9900 | €144,585 | €88,322 | -€56,262 | -38.9% |
| Operating profit (loss) | 9901 | €92,701 | €38,198 | -€54,503 | -58.8% |
| Financial income | 75/76B | €31,945 | €46,617 | +€14,672 | +45.9% |
| Recurring financial income | 75 | €31,945 | €46,617 | +€14,672 | +45.9% |
| Financial charges | 65/66B | €31,425 | €38,112 | +€6,687 | +21.3% |
| Recurring financial charges | 65 | €31,425 | €38,112 | +€6,687 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €93,221 | €46,703 | -€46,518 | -49.9% |
| Income taxes | 67/77 | €25,731 | €16,387 | -€9,345 | -36.3% |
| Profit (loss) for the period | 9904 | €67,490 | €30,316 | -€37,174 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,490 | €30,316 | -€37,174 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.