ACA PROJECT: 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.
ACA PROJECT
Largest movements
- Current investments -€4.0m
no longer reported in 2025 (was €4.0m)
- Deferred charges and accrued income -€672,453
no longer reported in 2025 (was €672,453)
- Receivables within one year -€253,926
down €253,926 (-30.0%), from €846,404 to €592,477
- Other debts -€4.9m
down €4.9m (-99.1%), from €5.0m to €45,500
- Financial income -€2.2m
down €2.2m (-97.0%), from €2.3m to €67,354
of which Non-recurring financial income: -€1.9m
- Financial charges -€79,959
down €79,959 (-99.2%), from €80,587 to €628
of which Non-recurring financial charges: -€65,188
- Gross operating margin +€20,631
up €20,631 (+67.2%), from -€30,686 to -€10,055
- Taxes +€3,664
new in 2025: €3,664
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 | €5,537,697 | €596,585 | -€4.9m | -89.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €5,537,697 | €596,585 | -€4.9m | -89.2% |
| Amounts receivable within one year | 40/41 | €846,404 | €592,477 | -€253,926 | -30.0% |
| Other amounts receivable | 41 | €846,404 | €592,477 | -€253,926 | -30.0% |
| Current investments | 50/53 | €4,000,000 | - | -€4.0m | |
| Cash at bank and in hand | 54/58 | €18,840 | €4,107 | -€14,733 | -78.2% |
| Deferred charges and accrued income | 490/1 | €672,453 | - | -€672,453 | |
| Total equity and liabilities | 10/49 | €5,537,697 | €596,585 | -€4.9m | -89.2% |
| Equity | 10/15 | €496,473 | €548,362 | +€51,889 | +10.5% |
| Contributions | 10/11 | €440,000 | €440,000 | = | 0.0% |
| Capital | 10 | €440,000 | €440,000 | = | 0.0% |
| Issued capital | 100 | €440,000 | €440,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €44,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,000 | €44,000 | = | 0.0% |
| Legal reserve | 130 | €44,000 | €44,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,473 | €64,362 | +€51,889 | +416% |
| Amounts payable | 17/49 | €5,041,223 | €48,223 | -€5.0m | -99.0% |
| Amounts payable within one year | 42/48 | €5,041,223 | €48,223 | -€5.0m | -99.0% |
| Trade debts | 44 | €46,352 | €2,723 | -€43,630 | -94.1% |
| Suppliers | 440/4 | €46,352 | €2,723 | -€43,630 | -94.1% |
| Other amounts payable | 47/48 | €4,994,871 | €45,500 | -€4.9m | -99.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€30,686 | -€10,055 | +€20,631 | +67.2% |
| Operating profit (loss) | 9901 | -€31,771 | -€11,173 | +€20,598 | +64.8% |
| Financial income | 75/76B | €2,251,127 | €67,354 | -€2.2m | -97.0% |
| Recurring financial income | 75 | €382,391 | €67,354 | -€315,037 | -82.4% |
| Non-recurring financial income | 76B | €1,868,736 | - | -€1.9m | |
| Financial charges | 65/66B | €80,587 | €628 | -€79,959 | -99.2% |
| Recurring financial charges | 65 | €15,400 | €628 | -€14,772 | -95.9% |
| Non-recurring financial charges | 66B | €65,188 | - | -€65,188 | |
| Profit (loss) for the period before taxes | 9903 | €2,138,769 | €55,553 | -€2.1m | -97.4% |
| Income taxes | 67/77 | - | €3,664 | +€3,664 | |
| Profit (loss) for the period | 9904 | €2,138,769 | €51,889 | -€2.1m | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,138,769 | €51,889 | -€2.1m | -97.6% |
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 13 October 2026 via checked.be.