A.C.L. POLYESTER: 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.L. POLYESTER
Largest movements
- Tangible fixed assets -€2.3m
down €2.3m (-72.9%), from €3.2m to €860,929
of which Leasing and similar rights: -€2.4m
- Receivables within one year +€208,517
up €208,517 (+19.7%), from €1.1m to €1.3m
of which Trade receivables: +€171,517
- Cash +€75,356
up €75,356 (+78.2%), from €96,423 to €171,779
mainly Investment in fixed assets (net) (+€2.2m) and Short-term financial debts (+€158,205)
- Debts after one year -€2.0m
down €2.0m (-82.4%), from €2.4m to €424,225
- Trade debts -€382,460
down €382,460 (-44.1%), from €867,474 to €485,014
- Short-term financial debts +€158,205
up €158,205 (+65.4%), from €241,795 to €400,000
- Other debts +€156,294
up €156,294 (+266.2%), from €58,724 to €215,018
- Reserves +€58,217
up €58,217 (+8.1%), from €719,330 to €777,547
of which Distributable reserves: +€58,217
- Gross operating margin -€282,555
down €282,555 (-31.7%), from €891,436 to €608,881
- Depreciation -€138,574
down €138,574 (-57.4%), from €241,538 to €102,963
- Taxes -€43,816
down €43,816 (-67.8%), from €64,590 to €20,774
- Financial charges -€18,210
down €18,210 (-15.5%), from €117,662 to €99,452
- Staff costs +€13,813
up €13,813 (+5.0%), from €276,451 to €290,264
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 | €4,631,208 | €2,571,474 | -€2.1m | -44.5% |
| Fixed assets | 21/28 | €3,178,745 | €864,002 | -€2.3m | -72.8% |
| Intangible fixed assets | 21 | - | €2,078 | +€2,078 | |
| Tangible fixed assets | 22/27 | €3,177,750 | €860,929 | -€2.3m | -72.9% |
| Plant, machinery and equipment | 23 | €2,948 | €20,872 | +€17,924 | +608.0% |
| Furniture and vehicles | 24 | €8,684 | €112,415 | +€103,731 | +1194.5% |
| Leasing and similar rights | 25 | €2,376,985 | €0 | -€2.4m | -100.0% |
| Other tangible fixed assets | 26 | €789,134 | €727,642 | -€61,492 | -7.8% |
| Financial fixed assets | 28 | €995 | €995 | = | 0.0% |
| Current assets | 29/58 | €1,452,463 | €1,707,472 | +€255,009 | +17.6% |
| Stocks and contracts in progress | 3 | €235,965 | €240,816 | +€4,851 | +2.1% |
| Stocks | 30/36 | €58,852 | €58,693 | -€160 | -0.3% |
| Contracts in progress | 37 | €177,113 | €182,124 | +€5,011 | +2.8% |
| Amounts receivable within one year | 40/41 | €1,056,708 | €1,265,225 | +€208,517 | +19.7% |
| Trade receivables | 40 | €1,011,059 | €1,182,577 | +€171,517 | +17.0% |
| Other amounts receivable | 41 | €45,649 | €82,648 | +€36,999 | +81.1% |
| Cash at bank and in hand | 54/58 | €96,423 | €171,779 | +€75,356 | +78.2% |
| Deferred charges and accrued income | 490/1 | €63,367 | €29,652 | -€33,715 | -53.2% |
| Total equity and liabilities | 10/49 | €4,631,208 | €2,571,474 | -€2.1m | -44.5% |
| Equity | 10/15 | €737,930 | €796,147 | +€58,217 | +7.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €719,330 | €777,547 | +€58,217 | +8.1% |
| Tax-exempt reserves | 132 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €719,234 | €777,451 | +€58,217 | +8.1% |
| Amounts payable | 17/49 | €3,893,278 | €1,775,326 | -€2.1m | -54.4% |
| Amounts payable after more than one year | 17 | €2,410,071 | €424,225 | -€2.0m | -82.4% |
| Financial debts | 170/4 | €2,410,071 | €424,225 | -€2.0m | -82.4% |
| Amounts payable within one year | 42/48 | €1,473,085 | €1,334,330 | -€138,756 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €223,659 | €190,871 | -€32,788 | -14.7% |
| Financial debts | 43 | €241,795 | €400,000 | +€158,205 | +65.4% |
| Credit institutions | 430/8 | €241,795 | €400,000 | +€158,205 | +65.4% |
| Trade debts | 44 | €867,474 | €485,014 | -€382,460 | -44.1% |
| Suppliers | 440/4 | €867,474 | €485,014 | -€382,460 | -44.1% |
| Advances received on contracts in progress | 46 | €167 | €0 | -€167 | -100.0% |
| Taxes, remuneration and social security | 45 | €81,266 | €43,427 | -€37,840 | -46.6% |
| Taxes | 450/3 | €35,779 | €22,093 | -€13,686 | -38.3% |
| Remuneration and social security | 454/9 | €45,488 | €21,334 | -€24,154 | -53.1% |
| Other amounts payable | 47/48 | €58,724 | €215,018 | +€156,294 | +266.2% |
| Accrued charges and deferred income | 492/3 | €10,122 | €16,772 | +€6,650 | +65.7% |
| Remuneration, social security and pensions | 62 | €276,451 | €290,264 | +€13,813 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,538 | €102,963 | -€138,574 | -57.4% |
| Other operating charges | 640/8 | €35,261 | €41,078 | +€5,816 | +16.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €891,436 | €608,881 | -€282,555 | -31.7% |
| Operating profit (loss) | 9901 | €338,186 | €174,576 | -€163,610 | -48.4% |
| Financial income | 75/76B | €17,462 | €3,867 | -€13,594 | -77.9% |
| Recurring financial income | 75 | €17,462 | €3,867 | -€13,594 | -77.9% |
| Financial charges | 65/66B | €117,662 | €99,452 | -€18,210 | -15.5% |
| Recurring financial charges | 65 | €117,662 | €99,452 | -€18,210 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €237,986 | €78,991 | -€158,995 | -66.8% |
| Income taxes | 67/77 | €64,590 | €20,774 | -€43,816 | -67.8% |
| Profit (loss) for the period | 9904 | €173,396 | €58,217 | -€115,179 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €173,396 | €58,217 | -€115,179 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 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.