ACADIA: 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
ACADIA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,393
2024 · -€3,052-€24,341
Equity
€1.7m
2024 · €1.7m-€27,393
Cash
€40,861
2024 · €12,868+€27,993
Balance sheet total
€3.8m
2024 · €3.8m+€46,874
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Trade debts +€129,009
up €129,009 (+63.9%), from €201,894 to €330,903
- Other debts -€69,435
down €69,435 (-87.1%), from €79,741 to €10,306
Income statement
- Gross operating margin -€33,294
down €33,294 (-59.9%), from €55,623 to €22,329
- Financial charges -€5,718
down €5,718 (-16.8%), from €33,970 to €28,251
- Financial income +€2,094
up €2,094 (+69,789%), from €3 to €2,097
- Taxes -€995
down €995 (-57.2%), from €1,739 to €744
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
-€3,052
Gross operating margin
-€33,294
Depreciation
+€176
Other operating charges
-€29
Financial income
+€2,094
Financial charges
+€5,718
Taxes
+€995
Result 2025
-€27,393
raises the resultlowers the result
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
+€36,025
Investment
-€24,500
Financing
+€16,468
Cash 2024
€12,868
From operations (derived)
+€36,025
Net result for the year
-€27,393
Depreciation
+€21,098
Receivables within one year
-€14,774
Deferred charges and accrued income
-€705
Trade debts
+€129,009
Tax, wage and social debts
+€7,955
Other debts
-€69,435
Accrued charges and deferred income
-€9,730
Investment (derived)
-€24,500
Investment in fixed assets (net)
-€24,500
Financing
+€16,468
Debts after one year
+€15,918
Current portion of long-term debt
+€550
Cash 2025
€40,861
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,752,077 | €3,798,951 | +€46,874 | +1.2% |
| Fixed assets | 21/28 | €3,667,131 | €3,670,533 | +€3,402 | +0.1% |
| Tangible fixed assets | 22/27 | €74,796 | €78,198 | +€3,402 | +4.5% |
| Furniture and vehicles | 24 | €74,796 | €78,198 | +€3,402 | +4.5% |
| Financial fixed assets | 28 | €3,592,335 | €3,592,335 | = | 0.0% |
| Current assets | 29/58 | €84,946 | €128,418 | +€43,472 | +51.2% |
| Amounts receivable within one year | 40/41 | €68,457 | €83,231 | +€14,774 | +21.6% |
| Trade receivables | 40 | €33,327 | €29,681 | -€3,646 | -10.9% |
| Other amounts receivable | 41 | €35,129 | €53,550 | +€18,420 | +52.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,868 | €40,861 | +€27,993 | +218% |
| Deferred charges and accrued income | 490/1 | €3,621 | €4,327 | +€705 | +19.5% |
| Total equity and liabilities | 10/49 | €3,752,077 | €3,798,951 | +€46,874 | +1.2% |
| Equity | 10/15 | €1,741,362 | €1,713,969 | -€27,393 | -1.6% |
| Contributions | 10/11 | €637,400 | €637,400 | = | 0.0% |
| Reserves | 13 | €1,107,014 | €1,107,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,800 | €53,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,800 | €53,800 | = | 0.0% |
| Distributable reserves | 133 | €1,053,214 | €1,053,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,052 | -€30,445 | -€27,393 | -898% |
| Amounts payable | 17/49 | €2,010,715 | €2,084,982 | +€74,267 | +3.7% |
| Amounts payable after more than one year | 17 | €1,707,729 | €1,723,647 | +€15,918 | +0.9% |
| Financial debts | 170/4 | €30,147 | €18,939 | -€11,208 | -37.2% |
| Other amounts payable | 178/9 | €1,677,582 | €1,704,708 | +€27,126 | +1.6% |
| Amounts payable within one year | 42/48 | €293,256 | €361,335 | +€68,079 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €10,658 | €11,208 | +€550 | +5.2% |
| Trade debts | 44 | €201,894 | €330,903 | +€129,009 | +63.9% |
| Suppliers | 440/4 | €201,894 | €330,903 | +€129,009 | +63.9% |
| Taxes, remuneration and social security | 45 | €964 | €8,919 | +€7,955 | +825% |
| Taxes | 450/3 | €964 | €8,919 | +€7,955 | +825% |
| Other amounts payable | 47/48 | €79,741 | €10,306 | -€69,435 | -87.1% |
| Accrued charges and deferred income | 492/3 | €9,730 | €0 | -€9,730 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,274 | €21,098 | -€176 | -0.8% |
| Other operating charges | 640/8 | €1,696 | €1,725 | +€29 | +1.7% |
| Gross operating margin | 9900 | €55,623 | €22,329 | -€33,294 | -59.9% |
| Operating profit (loss) | 9901 | €32,653 | -€494 | -€33,147 | |
| Financial income | 75/76B | €3 | €2,097 | +€2,094 | +69,789% |
| Recurring financial income | 75 | €3 | €2,097 | +€2,094 | +69,789% |
| Financial charges | 65/66B | €33,970 | €28,251 | -€5,718 | -16.8% |
| Recurring financial charges | 65 | €33,970 | €28,251 | -€5,718 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,313 | -€26,649 | -€25,336 | -1,929% |
| Income taxes | 67/77 | €1,739 | €744 | -€995 | -57.2% |
| Profit (loss) for the period | 9904 | -€3,052 | -€27,393 | -€24,341 | -798% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,052 | -€27,393 | -€24,341 | -798% |
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 30 October 2026 via checked.be.