A.C.M.V.: 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.M.V.
Largest movements
- Cash -€11,189
down €11,189 (-24.3%), from €46,025 to €34,836
mainly Net result for the year (-€16,756) and Debts after one year (-€5,288)
- Receivables within one year -€10,217
down €10,217 (-44.5%), from €22,937 to €12,720
of which Trade receivables: -€10,999
- Tangible fixed assets -€7,990
down €7,990 (-9.1%), from €87,630 to €79,640
of which Land and buildings: -€9,159
- Profit (loss) carried forward -€16,756
down €16,756 (-28.6%), from €58,536 to €41,779
- Debts after one year -€5,288
down €5,288 (-17.7%), from €29,832 to €24,544
- Current portion of long-term debt -€3,964
down €3,964 (-42.8%), from €9,252 to €5,288
- Other debts -€2,527
down €2,527 (-35.6%), from €7,098 to €4,571
- Gross operating margin -€19,337
down €19,337, from €16,375 to -€2,962
- Depreciation -€3,897
down €3,897 (-27.7%), from €14,073 to €10,175
- Other operating charges -€1,994
down €1,994 (-41.2%), from €4,837 to €2,844
- Taxes -€646
down €646 (-79.8%), from €809 to €164
- Financial charges -€527
down €527 (-45.8%), from €1,151 to €624
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 | €165,714 | €134,884 | -€30,830 | -18.6% |
| Fixed assets | 21/28 | €92,536 | €84,545 | -€7,990 | -8.6% |
| Tangible fixed assets | 22/27 | €87,630 | €79,640 | -€7,990 | -9.1% |
| Land and buildings | 22 | €85,579 | €76,420 | -€9,159 | -10.7% |
| Plant, machinery and equipment | 23 | €2,051 | €1,631 | -€420 | -20.5% |
| Furniture and vehicles | 24 | €0 | €1,588 | +€1,588 | |
| Financial fixed assets | 28 | €4,906 | €4,906 | = | 0.0% |
| Current assets | 29/58 | €73,178 | €50,338 | -€22,840 | -31.2% |
| Amounts receivable within one year | 40/41 | €22,937 | €12,720 | -€10,217 | -44.5% |
| Trade receivables | 40 | €22,688 | €11,689 | -€10,999 | -48.5% |
| Other amounts receivable | 41 | €250 | €1,031 | +€781 | +313% |
| Cash at bank and in hand | 54/58 | €46,025 | €34,836 | -€11,189 | -24.3% |
| Deferred charges and accrued income | 490/1 | €4,215 | €2,782 | -€1,433 | -34.0% |
| Total equity and liabilities | 10/49 | €165,714 | €134,884 | -€30,830 | -18.6% |
| Equity | 10/15 | €117,022 | €100,266 | -€16,756 | -14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €52,286 | €52,286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €52,286 | €52,286 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,536 | €41,779 | -€16,756 | -28.6% |
| Amounts payable | 17/49 | €48,691 | €34,618 | -€14,074 | -28.9% |
| Amounts payable after more than one year | 17 | €29,832 | €24,544 | -€5,288 | -17.7% |
| Financial debts | 170/4 | €29,832 | €24,544 | -€5,288 | -17.7% |
| Amounts payable within one year | 42/48 | €18,859 | €10,074 | -€8,786 | -46.6% |
| Current portion of amounts payable after more than one year | 42 | €9,252 | €5,288 | -€3,964 | -42.8% |
| Trade debts | 44 | €1,565 | €51 | -€1,514 | -96.7% |
| Suppliers | 440/4 | €1,565 | €51 | -€1,514 | -96.7% |
| Taxes, remuneration and social security | 45 | €945 | €164 | -€781 | -82.7% |
| Taxes | 450/3 | €945 | €164 | -€781 | -82.7% |
| Other amounts payable | 47/48 | €7,098 | €4,571 | -€2,527 | -35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,073 | €10,175 | -€3,897 | -27.7% |
| Other operating charges | 640/8 | €4,837 | €2,844 | -€1,994 | -41.2% |
| Gross operating margin | 9900 | €16,375 | -€2,962 | -€19,337 | |
| Operating profit (loss) | 9901 | -€2,535 | -€15,981 | -€13,446 | -530% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €1,151 | €624 | -€527 | -45.8% |
| Recurring financial charges | 65 | €1,151 | €624 | -€527 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,686 | -€16,593 | -€12,907 | -350% |
| Income taxes | 67/77 | €809 | €164 | -€646 | -79.8% |
| Profit (loss) for the period | 9904 | -€4,495 | -€16,756 | -€12,261 | -273% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,495 | -€16,756 | -€12,261 | -273% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.