A.C.S.: 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.S.
Largest movements
- Receivables within one year +€24,407
up €24,407 (+20.1%), from €121,252 to €145,659
of which Trade receivables: +€15,985
- Tangible fixed assets -€23,728
down €23,728 (-28.3%), from €83,830 to €60,102
- Cash +€5,637
up €5,637 (+62.3%), from €9,054 to €14,691
mainly Trade debts (+€31,939) and Depreciation (+€23,972)
- Trade debts +€31,939
up €31,939 (+417%), from €7,662 to €39,601
- Debts after one year -€14,115
no longer reported in 2025 (was €14,115)
- Reserves +€11,736
up €11,736 (+9.8%), from €120,099 to €131,835
- Current portion of long-term debt -€9,349
down €9,349 (-28.7%), from €32,525 to €23,176
- Other debts -€6,983
no longer reported in 2025 (was €6,983)
- Gross operating margin -€25,079
down €25,079 (-14.5%), from €172,504 to €147,425
- Taxes -€10,802
down €10,802 (-64.6%), from €16,730 to €5,927
- Staff costs +€9,953
up €9,953 (+11.1%), from €90,047 to €100,000
- Depreciation -€2,832
down €2,832 (-10.6%), from €26,804 to €23,972
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 | €214,499 | €220,816 | +€6,316 | +2.9% |
| Fixed assets | 21/28 | €84,193 | €60,465 | -€23,728 | -28.2% |
| Tangible fixed assets | 22/27 | €83,830 | €60,102 | -€23,728 | -28.3% |
| Land and buildings | 22 | €40,272 | €32,844 | -€7,428 | -18.4% |
| Plant, machinery and equipment | 23 | €19,230 | €11,570 | -€7,660 | -39.8% |
| Furniture and vehicles | 24 | €12,594 | €11,288 | -€1,307 | -10.4% |
| Leasing and similar rights | 25 | €11,733 | €4,400 | -€7,333 | -62.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €130,307 | €160,351 | +€30,044 | +23.1% |
| Amounts receivable within one year | 40/41 | €121,252 | €145,659 | +€24,407 | +20.1% |
| Trade receivables | 40 | €110,413 | €126,397 | +€15,985 | +14.5% |
| Other amounts receivable | 41 | €10,840 | €19,262 | +€8,422 | +77.7% |
| Cash at bank and in hand | 54/58 | €9,054 | €14,691 | +€5,637 | +62.3% |
| Total equity and liabilities | 10/49 | €214,499 | €220,816 | +€6,316 | +2.9% |
| Equity | 10/15 | €117,849 | €129,586 | +€11,736 | +10.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €120,099 | €131,835 | +€11,736 | +9.8% |
| Distributable reserves | 133 | €120,099 | €131,835 | +€11,736 | +9.8% |
| Profit (loss) carried forward | 14 | -€2,349 | -€2,349 | = | 0.0% |
| Amounts payable | 17/49 | €96,650 | €91,230 | -€5,420 | -5.6% |
| Amounts payable after more than one year | 17 | €14,115 | - | -€14,115 | |
| Financial debts | 170/4 | €14,115 | - | -€14,115 | |
| Amounts payable within one year | 42/48 | €82,535 | €91,230 | +€8,694 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €32,525 | €23,176 | -€9,349 | -28.7% |
| Trade debts | 44 | €7,662 | €39,601 | +€31,939 | +417% |
| Suppliers | 440/4 | €7,662 | €39,601 | +€31,939 | +417% |
| Taxes, remuneration and social security | 45 | €35,365 | €28,453 | -€6,912 | -19.5% |
| Taxes | 450/3 | €22,704 | €12,657 | -€10,048 | -44.3% |
| Remuneration and social security | 454/9 | €12,661 | €15,796 | +€3,135 | +24.8% |
| Other amounts payable | 47/48 | €6,983 | - | -€6,983 | |
| Non-recurring operating income | 76A | - | €4,491 | +€4,491 | |
| Remuneration, social security and pensions | 62 | €90,047 | €100,000 | +€9,953 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,804 | €23,972 | -€2,832 | -10.6% |
| Other operating charges | 640/8 | €2,802 | €4,045 | +€1,243 | +44.4% |
| Non-recurring operating charges | 66A | - | €357 | +€357 | |
| Gross operating margin | 9900 | €172,504 | €147,425 | -€25,079 | -14.5% |
| Operating profit (loss) | 9901 | €52,851 | €19,051 | -€33,801 | -64.0% |
| Financial income | 75/76B | €34 | €1,556 | +€1,522 | +4,491% |
| Recurring financial income | 75 | €34 | €1,556 | +€1,522 | +4,491% |
| Financial charges | 65/66B | €4,040 | €2,943 | -€1,097 | -27.1% |
| Recurring financial charges | 65 | €4,040 | €2,943 | -€1,097 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €48,845 | €17,664 | -€31,182 | -63.8% |
| Income taxes | 67/77 | €16,730 | €5,927 | -€10,802 | -64.6% |
| Profit (loss) for the period | 9904 | €32,116 | €11,736 | -€20,380 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,116 | €11,736 | -€20,380 | -63.5% |
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 15 October 2026 via checked.be.