A.C.N.T.: 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.N.T.
Largest movements
- Tangible fixed assets -€63,925
down €63,925 (-59.9%), from €106,790 to €42,865
of which Land and buildings: -€64,561
- Receivables within one year -€38,237
down €38,237 (-27.7%), from €137,984 to €99,747
of which Other amounts receivable: -€63,738
- Financial fixed assets -€20,469
down €20,469 (-3.3%), from €620,469 to €600,000
- Other debts -€83,737
down €83,737 (-22.7%), from €369,329 to €285,592
- Profit (loss) carried forward -€19,614
down €19,614 (-4.2%), from €462,501 to €442,887
- Current portion of long-term debt -€15,750
no longer reported in 2025 (was €15,750)
- Gross operating margin -€14,193
down €14,193, from €13,598 to -€596
- Depreciation +€9,173
up €9,173 (+192%), from €4,789 to €13,963
- Other operating charges -€2,871
down €2,871 (-84.0%), from €3,416 to €545
- Taxes -€552
down €552 (-60.1%), from €918 to €366
- Financial charges -€503
down €503 (-23.0%), from €2,184 to €1,681
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,409 | €762,028 | -€117,382 | -13.3% |
| Fixed assets | 21/28 | €727,259 | €642,865 | -€84,394 | -11.6% |
| Tangible fixed assets | 22/27 | €106,790 | €42,865 | -€63,925 | -59.9% |
| Land and buildings | 22 | €106,790 | €42,229 | -€64,561 | -60.5% |
| Plant, machinery and equipment | 23 | - | €636 | +€636 | |
| Financial fixed assets | 28 | €620,469 | €600,000 | -€20,469 | -3.3% |
| Current assets | 29/58 | €152,151 | €119,163 | -€32,988 | -21.7% |
| Amounts receivable within one year | 40/41 | €137,984 | €99,747 | -€38,237 | -27.7% |
| Trade receivables | 40 | €74,246 | €99,747 | +€25,501 | +34.3% |
| Other amounts receivable | 41 | €63,738 | - | -€63,738 | |
| Cash at bank and in hand | 54/58 | €13,331 | €18,521 | +€5,190 | +38.9% |
| Deferred charges and accrued income | 490/1 | €837 | €896 | +€59 | +7.1% |
| Total equity and liabilities | 10/49 | €879,409 | €762,028 | -€117,382 | -13.3% |
| Equity | 10/15 | €482,952 | €463,338 | -€19,614 | -4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €462,501 | €442,887 | -€19,614 | -4.2% |
| Amounts payable | 17/49 | €396,458 | €298,690 | -€97,768 | -24.7% |
| Amounts payable within one year | 42/48 | €396,458 | €298,690 | -€97,768 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €15,750 | - | -€15,750 | |
| Financial debts | 43 | €25 | €39 | +€14 | +58.2% |
| Credit institutions | 430/8 | €25 | €39 | +€14 | +58.2% |
| Trade debts | 44 | - | €6,838 | +€6,838 | |
| Suppliers | 440/4 | - | €6,838 | +€6,838 | |
| Taxes, remuneration and social security | 45 | €11,354 | €6,221 | -€5,133 | -45.2% |
| Taxes | 450/3 | €11,354 | €6,221 | -€5,133 | -45.2% |
| Other amounts payable | 47/48 | €369,329 | €285,592 | -€83,737 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,789 | €13,963 | +€9,173 | +192% |
| Other operating charges | 640/8 | €3,416 | €545 | -€2,871 | -84.0% |
| Gross operating margin | 9900 | €13,598 | -€596 | -€14,193 | |
| Operating profit (loss) | 9901 | €5,392 | -€15,103 | -€20,496 | |
| Financial income | 75/76B | €82 | €0 | -€82 | -100.0% |
| Recurring financial income | 75 | €82 | €0 | -€82 | -100.0% |
| Financial charges | 65/66B | €2,184 | €1,681 | -€503 | -23.0% |
| Recurring financial charges | 65 | €2,184 | €1,681 | -€503 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €3,290 | -€16,784 | -€20,074 | |
| Income taxes | 67/77 | €918 | €366 | -€552 | -60.1% |
| Profit (loss) for the period | 9904 | €2,373 | -€17,150 | -€19,523 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,373 | -€17,150 | -€19,523 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.