ACAD CONSTRUCT: 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.
ACAD CONSTRUCT
Largest movements
- Receivables within one year +€12,041
up €12,041 (+34.0%), from €35,379 to €47,420
of which Trade receivables: +€13,153
- Tangible fixed assets -€5,361
down €5,361 (-34.4%), from €15,603 to €10,242
of which Furniture and vehicles: -€5,360
- Cash +€3,959
up €3,959 (+113.2%), from €3,497 to €7,456
mainly Trade debts (+€20,776) and Depreciation (+€5,628)
- Trade debts +€20,776
up €20,776 (+239.2%), from €8,685 to €29,461
- Debts after one year -€7,363
down €7,363 (-53.5%), from €13,757 to €6,394
- Tax, wage and social debts -€4,794
no longer reported in 2025 (was €4,794)
of which Remuneration and social security: -€3,653
- Profit (loss) carried forward +€2,554
up €2,554 (+16.2%), from €15,797 to €18,351
- Gross operating margin -€4,236
down €4,236 (-28.7%), from €14,744 to €10,509
- Other operating charges +€413
up €413 (+45.7%), from €904 to €1,317
- Financial charges -€247
down €247 (-19.6%), from €1,257 to €1,010
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 | €56,223 | €67,279 | +€11,057 | +19.7% |
| Fixed assets | 21/28 | €15,753 | €10,392 | -€5,361 | -34.0% |
| Tangible fixed assets | 22/27 | €15,603 | €10,242 | -€5,361 | -34.4% |
| Plant, machinery and equipment | 23 | €478 | €477 | -€1 | -0.1% |
| Furniture and vehicles | 24 | €15,125 | €9,765 | -€5,360 | -35.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €40,470 | €56,887 | +€16,417 | +40.6% |
| Amounts receivable within one year | 40/41 | €35,379 | €47,420 | +€12,041 | +34.0% |
| Trade receivables | 40 | €33,744 | €46,897 | +€13,153 | +39.0% |
| Other amounts receivable | 41 | €1,635 | €524 | -€1,111 | -68.0% |
| Cash at bank and in hand | 54/58 | €3,497 | €7,456 | +€3,959 | +113.2% |
| Deferred charges and accrued income | 490/1 | €1,593 | €2,010 | +€417 | +26.2% |
| Total equity and liabilities | 10/49 | €56,223 | €67,279 | +€11,057 | +19.7% |
| Equity | 10/15 | €19,946 | €22,500 | +€2,554 | +12.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €4,149 | €4,149 | = | 0.0% |
| Distributable reserves | 133 | €4,149 | €4,149 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,797 | €18,351 | +€2,554 | +16.2% |
| Amounts payable | 17/49 | €36,276 | €44,779 | +€8,503 | +23.4% |
| Amounts payable after more than one year | 17 | €13,757 | €6,394 | -€7,363 | -53.5% |
| Financial debts | 170/4 | €13,757 | €6,394 | -€7,363 | -53.5% |
| Amounts payable within one year | 42/48 | €22,520 | €38,385 | +€15,865 | +70.5% |
| Current portion of amounts payable after more than one year | 42 | €7,038 | €7,363 | +€324 | +4.6% |
| Trade debts | 44 | €8,685 | €29,461 | +€20,776 | +239.2% |
| Suppliers | 440/4 | €8,685 | €29,461 | +€20,776 | +239.2% |
| Taxes, remuneration and social security | 45 | €4,794 | - | -€4,794 | |
| Taxes | 450/3 | €1,142 | - | -€1,142 | |
| Remuneration and social security | 454/9 | €3,653 | - | -€3,653 | |
| Other amounts payable | 47/48 | €2,002 | €1,561 | -€440 | -22.0% |
| Non-recurring operating income | 76A | €2,375 | - | -€2,375 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,738 | €5,628 | -€111 | -1.9% |
| Other operating charges | 640/8 | €904 | €1,317 | +€413 | +45.7% |
| Gross operating margin | 9900 | €14,744 | €10,509 | -€4,236 | -28.7% |
| Operating profit (loss) | 9901 | €8,102 | €3,564 | -€4,538 | -56.0% |
| Financial income | 75/76B | €63 | €0 | -€63 | -100.0% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -100.0% |
| Financial charges | 65/66B | €1,257 | €1,010 | -€247 | -19.6% |
| Recurring financial charges | 65 | €1,257 | €1,010 | -€247 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €6,908 | €2,554 | -€4,354 | -63.0% |
| Profit (loss) for the period | 9904 | €6,908 | €2,554 | -€4,354 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,908 | €2,554 | -€4,354 | -63.0% |
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 4 October 2026 via checked.be.