ACACIA I: 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.
ACACIA I
Largest movements
- Current investments +€33,463
up €33,463 (+51.9%), from €64,500 to €97,963
- Tangible fixed assets -€20,234
down €20,234 (-21.9%), from €92,246 to €72,012
- Receivables within one year -€11,125
down €11,125 (-19.6%), from €56,770 to €45,645
of which Other amounts receivable: -€16,933
- Cash -€8,491
down €8,491 (-8.0%), from €106,421 to €97,930
mainly Contributions, distributions and other (-€37,528) and Current investments (-€33,463)
- Debts after one year -€20,940
down €20,940 (-26.6%), from €78,842 to €57,902
- Tax, wage and social debts +€16,842
up €16,842 (+932%), from €1,807 to €18,649
- Trade debts -€8,983
down €8,983 (-91.9%), from €9,778 to €795
- Reserves +€6,812
up €6,812 (+3.8%), from €180,637 to €187,448
- Depreciation +€11,675
up €11,675 (+120%), from €9,719 to €21,394
- Gross operating margin +€9,782
up €9,782 (+11.0%), from €88,854 to €98,636
- Other operating charges -€8,381
down €8,381 (-76.5%), from €10,953 to €2,573
- Taxes +€4,336
up €4,336 (+19.5%), from €22,228 to €26,563
- Financial income +€3,827
up €3,827 (+4,116%), from €93 to €3,920
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 | €319,937 | €313,549 | -€6,387 | -2.0% |
| Fixed assets | 21/28 | €92,246 | €72,012 | -€20,234 | -21.9% |
| Tangible fixed assets | 22/27 | €92,246 | €72,012 | -€20,234 | -21.9% |
| Furniture and vehicles | 24 | €92,246 | €72,012 | -€20,234 | -21.9% |
| Current assets | 29/58 | €227,691 | €241,537 | +€13,847 | +6.1% |
| Amounts receivable within one year | 40/41 | €56,770 | €45,645 | -€11,125 | -19.6% |
| Trade receivables | 40 | €35,998 | €41,806 | +€5,808 | +16.1% |
| Other amounts receivable | 41 | €20,772 | €3,839 | -€16,933 | -81.5% |
| Current investments | 50/53 | €64,500 | €97,963 | +€33,463 | +51.9% |
| Cash at bank and in hand | 54/58 | €106,421 | €97,930 | -€8,491 | -8.0% |
| Total equity and liabilities | 10/49 | €319,937 | €313,549 | -€6,387 | -2.0% |
| Equity | 10/15 | €180,637 | €187,448 | +€6,812 | +3.8% |
| Reserves | 13 | €180,637 | €187,448 | +€6,812 | +3.8% |
| Distributable reserves | 133 | €180,637 | €187,448 | +€6,812 | +3.8% |
| Amounts payable | 17/49 | €139,300 | €126,101 | -€13,199 | -9.5% |
| Amounts payable after more than one year | 17 | €78,842 | €57,902 | -€20,940 | -26.6% |
| Financial debts | 170/4 | €78,842 | €57,902 | -€20,940 | -26.6% |
| Amounts payable within one year | 42/48 | €58,571 | €66,389 | +€7,818 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €20,164 | €20,940 | +€776 | +3.9% |
| Trade debts | 44 | €9,778 | €795 | -€8,983 | -91.9% |
| Suppliers | 440/4 | €9,778 | €795 | -€8,983 | -91.9% |
| Taxes, remuneration and social security | 45 | €1,807 | €18,649 | +€16,842 | +932% |
| Taxes | 450/3 | €1,807 | €18,649 | +€16,842 | +932% |
| Other amounts payable | 47/48 | €26,823 | €26,005 | -€817 | -3.0% |
| Accrued charges and deferred income | 492/3 | €1,886 | €1,810 | -€77 | -4.1% |
| Non-recurring operating income | 76A | - | €2,860 | +€2,860 | |
| Remuneration, social security and pensions | 62 | - | €2,424 | +€2,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,719 | €21,394 | +€11,675 | +120% |
| Other operating charges | 640/8 | €10,953 | €2,573 | -€8,381 | -76.5% |
| Gross operating margin | 9900 | €88,854 | €98,636 | +€9,782 | +11.0% |
| Operating profit (loss) | 9901 | €68,182 | €72,245 | +€4,063 | +6.0% |
| Financial income | 75/76B | €93 | €3,920 | +€3,827 | +4,116% |
| Recurring financial income | 75 | €93 | €3,920 | +€3,827 | +4,116% |
| Financial charges | 65/66B | €3,752 | €5,262 | +€1,510 | +40.2% |
| Recurring financial charges | 65 | €3,752 | €5,262 | +€1,510 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | €64,522 | €70,903 | +€6,381 | +9.9% |
| Income taxes | 67/77 | €22,228 | €26,563 | +€4,336 | +19.5% |
| Profit (loss) for the period | 9904 | €42,295 | €44,339 | +€2,045 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,295 | €44,339 | +€2,045 | +4.8% |
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 26 October 2026 via checked.be.