A.C.P. VAES: 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.P. VAES
Largest movements
- Cash +€23,462
up €23,462 (+1,494%), from €1,571 to €25,032
mainly Net result for the year (+€26,883) and Receivables within one year (+€17,580)
- Tangible fixed assets +€19,481
new in 2025: €19,481
of which Furniture and vehicles: +€16,422
- Receivables within one year -€17,580
down €17,580 (-74.4%), from €23,636 to €6,056
of which Other amounts receivable: -€21,580
- Intangible fixed assets -€15,000
no longer reported in 2025 (was €15,000)
- Deferred charges and accrued income +€1,393
up €1,393 (+216%), from €645 to €2,039
- Profit (loss) carried forward +€26,883
up €26,883 (+94.8%), from -€28,361 to -€1,478
- Trade debts -€9,077
down €9,077 (-63.7%), from €14,261 to €5,184
- Debts after one year -€8,306
no longer reported in 2025 (was €8,306)
- Current portion of long-term debt -€8,037
down €8,037 (-49.2%), from €16,344 to €8,306
- Other debts +€7,488
new in 2025: €7,488
- Gross operating margin +€29,274
up €29,274 (+51.5%), from €56,852 to €86,126
- Financial income +€3,873
up €3,873 (+290%), from €1,334 to €5,206
of which Non-recurring financial income: +€5,147
- Taxes +€3,386
up €3,386 (+61.5%), from €5,506 to €8,892
- Depreciation +€1,778
up €1,778 (+11.9%), from €15,000 to €16,778
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 | €41,852 | €53,608 | +€11,756 | +28.1% |
| Fixed assets | 21/28 | €16,000 | €20,481 | +€4,481 | +28.0% |
| Intangible fixed assets | 21 | €15,000 | - | -€15,000 | |
| Tangible fixed assets | 22/27 | - | €19,481 | +€19,481 | |
| Furniture and vehicles | 24 | - | €16,422 | +€16,422 | |
| Other tangible fixed assets | 26 | - | €3,060 | +€3,060 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €25,852 | €33,127 | +€7,274 | +28.1% |
| Amounts receivable within one year | 40/41 | €23,636 | €6,056 | -€17,580 | -74.4% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €23,636 | €2,056 | -€21,580 | -91.3% |
| Cash at bank and in hand | 54/58 | €1,571 | €25,032 | +€23,462 | +1,494% |
| Deferred charges and accrued income | 490/1 | €645 | €2,039 | +€1,393 | +216% |
| Total equity and liabilities | 10/49 | €41,852 | €53,608 | +€11,756 | +28.1% |
| Equity | 10/15 | -€20,306 | €6,577 | +€26,883 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,361 | -€1,478 | +€26,883 | +94.8% |
| Amounts payable | 17/49 | €62,158 | €47,031 | -€15,127 | -24.3% |
| Amounts payable after more than one year | 17 | €8,306 | - | -€8,306 | |
| Financial debts | 170/4 | €8,306 | - | -€8,306 | |
| Amounts payable within one year | 42/48 | €53,852 | €47,031 | -€6,820 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €16,344 | €8,306 | -€8,037 | -49.2% |
| Trade debts | 44 | €14,261 | €5,184 | -€9,077 | -63.7% |
| Suppliers | 440/4 | €14,261 | €5,184 | -€9,077 | -63.7% |
| Taxes, remuneration and social security | 45 | €23,247 | €26,053 | +€2,806 | +12.1% |
| Taxes | 450/3 | €8,795 | €15,409 | +€6,613 | +75.2% |
| Remuneration and social security | 454/9 | €14,452 | €10,644 | -€3,807 | -26.3% |
| Other amounts payable | 47/48 | - | €7,488 | +€7,488 | |
| Remuneration, social security and pensions | 62 | €36,892 | €36,856 | -€35 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,000 | €16,778 | +€1,778 | +11.9% |
| Other operating charges | 640/8 | €1,025 | €970 | -€55 | -5.3% |
| Gross operating margin | 9900 | €56,852 | €86,126 | +€29,274 | +51.5% |
| Operating profit (loss) | 9901 | €3,935 | €31,522 | +€27,587 | +701% |
| Financial income | 75/76B | €1,334 | €5,206 | +€3,873 | +290% |
| Recurring financial income | 75 | €1,334 | €59 | -€1,275 | -95.6% |
| Non-recurring financial income | 76B | - | €5,147 | +€5,147 | |
| Financial charges | 65/66B | €1,383 | €953 | -€429 | -31.1% |
| Recurring financial charges | 65 | €1,383 | €953 | -€429 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €3,886 | €35,775 | +€31,889 | +821% |
| Income taxes | 67/77 | €5,506 | €8,892 | +€3,386 | +61.5% |
| Profit (loss) for the period | 9904 | -€1,620 | €26,883 | +€28,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,620 | €26,883 | +€28,503 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.