ACABIT: 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.
What changed
ACABIT
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€141,943
2024 · -€157,792+€15,849
Equity
-€50,478
2024 · €91,465-€141,943
Cash
€187,433
2024 · €147,584+€39,849
Balance sheet total
€3.1m
2024 · €2.6m+€541,154
Largest movements
Assets
- Tangible fixed assets +€414,302
up €414,302 (+56.9%), from €728,236 to €1.1m
of which Land and buildings: +€757,194
- Stocks and contracts +€91,589
up €91,589 (+5.5%), from €1.7m to €1.7m
- Cash +€39,849
up €39,849 (+27.0%), from €147,584 to €187,433
mainly Debts after one year (+€517,201) and Short-term financial debts (+€180,022)
Equity and liabilities
- Debts after one year +€517,201
up €517,201 (+38.9%), from €1.3m to €1.8m
of which Financial debts: +€513,121
- Short-term financial debts +€180,022
up €180,022 (+22.0%), from €818,335 to €998,357
- Profit (loss) carried forward -€141,943
down €141,943 (-1,489%), from -€9,535 to -€151,478
Income statement
- Gross operating margin +€28,374
up €28,374 (+47.1%), from -€60,198 to -€31,824
- Financial charges +€10,431
up €10,431 (+17.8%), from €58,653 to €69,084
- Depreciation +€2,525
up €2,525 (+7.0%), from €35,847 to €38,372
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.
Result 2024
-€157,792
Gross operating margin
+€28,374
Depreciation
-€2,525
Other operating charges
-€96
Other operating items
+€754
Financial income
-€241
Financial charges
-€10,431
Taxes
+€15
Result 2025
-€141,943
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€206,288
Investment
-€451,930
Financing
+€698,067
Cash 2024
€147,584
From operations (derived)
-€206,288
Net result for the year
-€141,943
Depreciation
+€38,372
Stocks and contracts
-€91,589
Receivables within one year
+€8,266
Deferred charges and accrued income
-€4,424
Trade debts
+€3,948
Tax, wage and social debts
+€5,573
Other debts
-€10,515
Accrued charges and deferred income
-€13,976
Investment (derived)
-€451,930
Investment in fixed assets (net)
-€451,930
Financing
+€698,067
Debts after one year
+€517,201
Current portion of long-term debt
+€844
Short-term financial debts
+€180,022
Cash 2025
€187,433
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,555,377 | €3,096,531 | +€541,154 | +21.2% |
| Fixed assets | 21/28 | €729,730 | €1,143,288 | +€413,558 | +56.7% |
| Tangible fixed assets | 22/27 | €728,236 | €1,142,538 | +€414,302 | +56.9% |
| Land and buildings | 22 | €328,461 | €1,085,655 | +€757,194 | +231% |
| Plant, machinery and equipment | 23 | €16,892 | €9,782 | -€7,110 | -42.1% |
| Furniture and vehicles | 24 | €72,451 | €46,845 | -€25,606 | -35.3% |
| Other tangible fixed assets | 26 | €292 | €256 | -€36 | -12.5% |
| Assets under construction and advance payments | 27 | €310,140 | €0 | -€310,140 | -100% |
| Financial fixed assets | 28 | €1,494 | €750 | -€744 | -49.8% |
| Current assets | 29/58 | €1,825,647 | €1,953,243 | +€127,596 | +7.0% |
| Stocks and contracts in progress | 3 | €1,653,983 | €1,745,572 | +€91,589 | +5.5% |
| Stocks | 30/36 | €1,653,983 | €1,745,572 | +€91,589 | +5.5% |
| Amounts receivable within one year | 40/41 | €15,281 | €7,015 | -€8,266 | -54.1% |
| Trade receivables | 40 | €4,840 | €6,743 | +€1,903 | +39.3% |
| Other amounts receivable | 41 | €10,441 | €272 | -€10,168 | -97.4% |
| Cash at bank and in hand | 54/58 | €147,584 | €187,433 | +€39,849 | +27.0% |
| Deferred charges and accrued income | 490/1 | €8,799 | €13,223 | +€4,424 | +50.3% |
| Total equity and liabilities | 10/49 | €2,555,377 | €3,096,531 | +€541,154 | +21.2% |
| Equity | 10/15 | €91,465 | -€50,478 | -€141,943 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,535 | -€151,478 | -€141,943 | -1,489% |
| Amounts payable | 17/49 | €2,463,912 | €3,147,008 | +€683,096 | +27.7% |
| Amounts payable after more than one year | 17 | €1,330,567 | €1,847,768 | +€517,201 | +38.9% |
| Financial debts | 170/4 | €1,330,567 | €1,843,688 | +€513,121 | +38.6% |
| Other amounts payable | 178/9 | - | €4,080 | +€4,080 | |
| Amounts payable within one year | 42/48 | €1,091,727 | €1,271,599 | +€179,872 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €20,762 | €21,606 | +€844 | +4.1% |
| Financial debts | 43 | €818,335 | €998,357 | +€180,022 | +22.0% |
| Credit institutions | 430/8 | €818,335 | €998,357 | +€180,022 | +22.0% |
| Trade debts | 44 | €14,583 | €18,531 | +€3,948 | +27.1% |
| Suppliers | 440/4 | €14,583 | €18,531 | +€3,948 | +27.1% |
| Taxes, remuneration and social security | 45 | €43 | €5,617 | +€5,573 | +12,866% |
| Taxes | 450/3 | €43 | €5,617 | +€5,573 | +12,866% |
| Other amounts payable | 47/48 | €238,003 | €227,488 | -€10,515 | -4.4% |
| Accrued charges and deferred income | 492/3 | €41,618 | €27,642 | -€13,976 | -33.6% |
| Non-recurring operating income | 76A | - | €536 | +€536 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,847 | €38,372 | +€2,525 | +7.0% |
| Other operating charges | 640/8 | €1,436 | €1,532 | +€96 | +6.7% |
| Non-recurring operating charges | 66A | €1,617 | €863 | -€754 | -46.6% |
| Gross operating margin | 9900 | -€60,198 | -€31,824 | +€28,374 | +47.1% |
| Operating profit (loss) | 9901 | -€99,098 | -€72,591 | +€26,507 | +26.7% |
| Financial income | 75/76B | €264 | €23 | -€241 | -91.1% |
| Recurring financial income | 75 | €264 | €23 | -€241 | -91.1% |
| Financial charges | 65/66B | €58,653 | €69,084 | +€10,431 | +17.8% |
| Recurring financial charges | 65 | €58,653 | €69,084 | +€10,431 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | -€157,486 | -€141,652 | +€15,835 | +10.1% |
| Income taxes | 67/77 | €306 | €291 | -€15 | -4.9% |
| Profit (loss) for the period | 9904 | -€157,792 | -€141,943 | +€15,849 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,792 | -€141,943 | +€15,849 | +10.0% |
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 14 October 2026 via checked.be.