AACON: what changed
Two fiscal 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.
AACON
Largest movements
- Cash +€41,526
up €41,526 (+143.8%), from €28,878 to €70,404
mainly Net result for the year (+€24,544) and Depreciation (+€17,846)
- Tangible fixed assets -€16,150
down €16,150 (-23.5%), from €68,850 to €52,700
of which Furniture and vehicles: -€13,910
- Receivables within one year -€11,609
down €11,609 (-54.0%), from €21,488 to €9,879
of which Trade receivables: -€11,318
- Deferred charges and accrued income +€4,061
up €4,061 (+232.6%), from €1,745 to €5,806
- Profit (loss) carried forward +€24,544
up €24,544 (+51.1%), from €48,056 to €72,600
- Tax, wage and social debts -€9,665
down €9,665 (-47.5%), from €20,367 to €10,703
- Trade debts +€2,884
up €2,884 (+660.5%), from €437 to €3,321
- Gross operating margin -€25,889
down €25,889 (-34.3%), from €75,523 to €49,633
- Taxes -€8,303
down €8,303 (-57.6%), from €14,417 to €6,115
- Depreciation +€6,364
up €6,364 (+55.4%), from €11,483 to €17,846
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.
Cash bridge derived
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 | €120,962 | €138,790 | +€17,828 | +14.7% |
| Fixed assets | 21/28 | €68,850 | €52,700 | -€16,150 | -23.5% |
| Tangible fixed assets | 22/27 | €68,850 | €52,700 | -€16,150 | -23.5% |
| Plant, machinery and equipment | 23 | €1,838 | €2,140 | +€302 | +16.5% |
| Furniture and vehicles | 24 | €57,876 | €43,966 | -€13,910 | -24.0% |
| Other tangible fixed assets | 26 | €9,136 | €6,594 | -€2,542 | -27.8% |
| Current assets | 29/58 | €52,112 | €86,089 | +€33,978 | +65.2% |
| Amounts receivable within one year | 40/41 | €21,488 | €9,879 | -€11,609 | -54.0% |
| Trade receivables | 40 | €21,197 | €9,879 | -€11,318 | -53.4% |
| Other amounts receivable | 41 | €291 | €0 | -€291 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,878 | €70,404 | +€41,526 | +143.8% |
| Deferred charges and accrued income | 490/1 | €1,745 | €5,806 | +€4,061 | +232.6% |
| Total equity and liabilities | 10/49 | €120,962 | €138,790 | +€17,828 | +14.7% |
| Equity | 10/15 | €100,158 | €124,702 | +€24,544 | +24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,501 | €33,501 | = | 0.0% |
| Distributable reserves | 133 | €33,501 | €33,501 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,056 | €72,600 | +€24,544 | +51.1% |
| Amounts payable | 17/49 | €20,804 | €14,088 | -€6,716 | -32.3% |
| Amounts payable within one year | 42/48 | €20,804 | €14,088 | -€6,716 | -32.3% |
| Trade debts | 44 | €437 | €3,321 | +€2,884 | +660.5% |
| Suppliers | 440/4 | €437 | €3,321 | +€2,884 | +660.5% |
| Taxes, remuneration and social security | 45 | €20,367 | €10,703 | -€9,665 | -47.5% |
| Taxes | 450/3 | €20,367 | €10,703 | -€9,665 | -47.5% |
| Other amounts payable | 47/48 | - | €65 | +€65 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,483 | €17,846 | +€6,364 | +55.4% |
| Other operating charges | 640/8 | €912 | €1,151 | +€239 | +26.2% |
| Non-recurring operating charges | 66A | €657 | €0 | -€657 | -100.0% |
| Gross operating margin | 9900 | €75,523 | €49,633 | -€25,889 | -34.3% |
| Operating profit (loss) | 9901 | €62,471 | €30,636 | -€31,834 | -51.0% |
| Financial income | 75/76B | €72 | €111 | +€39 | +53.6% |
| Recurring financial income | 75 | €72 | €111 | +€39 | +53.6% |
| Financial charges | 65/66B | €69 | €89 | +€20 | +28.7% |
| Recurring financial charges | 65 | €69 | €89 | +€20 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €62,474 | €30,658 | -€31,815 | -50.9% |
| Income taxes | 67/77 | €14,417 | €6,115 | -€8,303 | -57.6% |
| Profit (loss) for the period | 9904 | €48,056 | €24,544 | -€23,513 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €48,056 | €24,544 | -€23,513 | -48.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.