ACADEMS: 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.
ACADEMS
Largest movements
- Tangible fixed assets -€5,984
down €5,984 (-24.9%), from €24,069 to €18,084
- Receivables within one year +€3,664
up €3,664 (+106%), from €3,465 to €7,130
of which Other amounts receivable: +€3,339
- Cash +€1,035
up €1,035 (+38.2%), from €2,706 to €3,741
mainly Depreciation (+€5,984) and Tax, wage and social debts (+€2,132)
- Deferred charges and accrued income -€434
no longer reported in 2025 (was €434)
- Debts after one year -€3,824
down €3,824 (-17.7%), from €21,620 to €17,796
- Tax, wage and social debts +€2,132
up €2,132 (+308%), from €693 to €2,826
- Gross operating margin +€2,051
up €2,051 (+23.2%), from €8,854 to €10,905
- Taxes +€1,439
up €1,439 (+208%), from €693 to €2,132
- Financial charges +€141
up €141 (+9.5%), from €1,492 to €1,633
- Depreciation +€131
up €131 (+2.2%), from €5,853 to €5,984
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 | €30,674 | €28,955 | -€1,719 | -5.6% |
| Fixed assets | 21/28 | €24,069 | €18,084 | -€5,984 | -24.9% |
| Tangible fixed assets | 22/27 | €24,069 | €18,084 | -€5,984 | -24.9% |
| Leasing and similar rights | 25 | €24,069 | €18,084 | -€5,984 | -24.9% |
| Current assets | 29/58 | €6,606 | €10,871 | +€4,265 | +64.6% |
| Amounts receivable within one year | 40/41 | €3,465 | €7,130 | +€3,664 | +106% |
| Trade receivables | 40 | €1,820 | €2,145 | +€325 | +17.9% |
| Other amounts receivable | 41 | €1,645 | €4,985 | +€3,339 | +203% |
| Cash at bank and in hand | 54/58 | €2,706 | €3,741 | +€1,035 | +38.2% |
| Deferred charges and accrued income | 490/1 | €434 | - | -€434 | |
| Total equity and liabilities | 10/49 | €30,674 | €28,955 | -€1,719 | -5.6% |
| Equity | 10/15 | €5,631 | €5,840 | +€209 | +3.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €631 | €840 | +€209 | +33.2% |
| Amounts payable | 17/49 | €25,043 | €23,115 | -€1,928 | -7.7% |
| Amounts payable after more than one year | 17 | €21,620 | €17,796 | -€3,824 | -17.7% |
| Financial debts | 170/4 | €21,620 | €17,796 | -€3,824 | -17.7% |
| Amounts payable within one year | 42/48 | €3,423 | €5,319 | +€1,895 | +55.4% |
| Trade debts | 44 | €2,730 | €2,493 | -€237 | -8.7% |
| Suppliers | 440/4 | €2,730 | €2,493 | -€237 | -8.7% |
| Taxes, remuneration and social security | 45 | €693 | €2,826 | +€2,132 | +308% |
| Taxes | 450/3 | €693 | €2,826 | +€2,132 | +308% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,853 | €5,984 | +€131 | +2.2% |
| Other operating charges | 640/8 | €934 | €946 | +€13 | +1.3% |
| Gross operating margin | 9900 | €8,854 | €10,905 | +€2,051 | +23.2% |
| Operating profit (loss) | 9901 | €2,067 | €3,974 | +€1,907 | +92.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,300% |
| Financial charges | 65/66B | €1,492 | €1,633 | +€141 | +9.5% |
| Recurring financial charges | 65 | €1,492 | €1,633 | +€141 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €575 | €2,342 | +€1,766 | +307% |
| Income taxes | 67/77 | €693 | €2,132 | +€1,439 | +208% |
| Profit (loss) for the period | 9904 | -€118 | €209 | +€328 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118 | €209 | +€328 |
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 17 October 2026 via checked.be.