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 -€161,963
down €161,963 (-69.4%), from €233,232 to €71,270
of which Other amounts receivable: -€158,363
- Current investments -€104,384
no longer reported in 2025 (was €104,384)
- Cash -€54,607
down €54,607 (-97.2%), from €56,209 to €1,601
mainly Other debts (-€458,636)
- Reserves +€2.3m
up €2.3m (+7795.8%), from €30,000 to €2.4m
- Contributions -€1.3m
down €1.3m (-83.7%), from €1.5m to €244,711
of which Contributions outside capital: -€1.3m
- Profit (loss) carried forward -€972,788
no longer reported in 2025 (was €972,788)
- Other debts -€458,636
down €458,636 (-61.3%), from €748,549 to €289,913
- Financial income +€164,335
new in 2025: €164,335
- Taxes +€40,152
new in 2025: €40,152
- Gross operating margin -€14,081
new in 2025: -€14,081
- Other operating charges +€4,020
new in 2025: €4,020
- Financial charges +€570
new in 2025: €570
From the 04-03-2025 result to the 31-12-2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Derived from the 04-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 04-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,266,019 | €2,945,065 | -€320,954 | -9.8% |
| Fixed assets | 21/28 | €2,872,194 | €2,872,194 | = | 0.0% |
| Financial fixed assets | 28 | €2,872,194 | €2,872,194 | = | 0.0% |
| Affiliated companies | 280/1 | €2,412,194 | - | -€2.4m | |
| Participating interests | 280 | €1,320,694 | - | -€1.3m | |
| Amounts receivable | 281 | €1,091,500 | - | -€1.1m | |
| Companies linked by participating interests | 282/3 | €460,000 | - | -€460,000 | |
| Participating interests | 282 | €60,000 | - | -€60,000 | |
| Amounts receivable | 283 | €400,000 | - | -€400,000 | |
| Current assets | 29/58 | €393,825 | €72,871 | -€320,954 | -81.5% |
| Amounts receivable within one year | 40/41 | €233,232 | €71,270 | -€161,963 | -69.4% |
| Trade receivables | 40 | €3,600 | - | -€3,600 | |
| Other amounts receivable | 41 | €229,632 | €71,270 | -€158,363 | -69.0% |
| Current investments | 50/53 | €104,384 | - | -€104,384 | |
| Other investments | 51/53 | €104,384 | - | -€104,384 | |
| Cash at bank and in hand | 54/58 | €56,209 | €1,601 | -€54,607 | -97.2% |
| Total equity and liabilities | 10/49 | €3,266,019 | €2,945,065 | -€320,954 | -9.8% |
| Equity | 10/15 | €2,504,851 | €2,613,452 | +€108,601 | +4.3% |
| Contributions | 10/11 | €1,502,063 | €244,711 | -€1.3m | -83.7% |
| Capital | 10 | €244,711 | - | -€244,711 | |
| Issued capital | 100 | €244,711 | - | -€244,711 | |
| Contributions outside capital | 11 | €1,257,352 | - | -€1.3m | |
| Share premium | 1100/10 | €1,257,352 | - | -€1.3m | |
| Reserves | 13 | €30,000 | €2,368,741 | +€2.3m | +7795.8% |
| Distributable reserves | 133 | €30,000 | €2,368,741 | +€2.3m | +7795.8% |
| Profit (loss) carried forward | 14 | €972,788 | - | -€972,788 | |
| Provisions and deferred taxes | 16 | €6,660 | €6,660 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,660 | €6,660 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,660 | €6,660 | = | 0.0% |
| Amounts payable | 17/49 | €754,509 | €324,953 | -€429,555 | -56.9% |
| Amounts payable within one year | 42/48 | €754,509 | €324,953 | -€429,555 | -56.9% |
| Trade debts | 44 | - | €908 | +€908 | |
| Suppliers | 440/4 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €5,960 | €34,133 | +€28,173 | +472.7% |
| Taxes | 450/3 | €5,960 | €34,133 | +€28,173 | +472.7% |
| Other amounts payable | 47/48 | €748,549 | €289,913 | -€458,636 | -61.3% |
| Other operating charges | 640/8 | - | €4,020 | +€4,020 | |
| Gross operating margin | 9900 | - | -€14,081 | -€14,081 | |
| Operating profit (loss) | 9901 | - | -€18,101 | -€18,101 | |
| Financial income | 75/76B | - | €164,335 | +€164,335 | |
| Recurring financial income | 75 | - | €164,335 | +€164,335 | |
| Financial charges | 65/66B | - | €570 | +€570 | |
| Recurring financial charges | 65 | - | €570 | +€570 | |
| Profit (loss) for the period before taxes | 9903 | - | €145,665 | +€145,665 | |
| Income taxes | 67/77 | - | €40,152 | +€40,152 | |
| Profit (loss) for the period | 9904 | - | €105,513 | +€105,513 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €105,513 | +€105,513 |
Source: filed annual accounts (NBB), financial years ended 4 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.