ACAGIR: 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.
ACAGIR
Largest movements
- Cash -€288,594
down €288,594 (-36.5%), from €790,486 to €501,892
mainly Current investments (-€284,055) and Investment in fixed assets (net) (-€247,922)
- Current investments +€284,055
up €284,055 (+6.4%), from €4.4m to €4.7m
- Receivables within one year -€172,643
down €172,643 (-77.9%), from €221,713 to €49,069
of which Other amounts receivable: -€160,980
- Tangible fixed assets +€113,388
up €113,388 (+3.3%), from €3.4m to €3.5m
of which Plant, machinery and equipment: +€225,625
No liability line moved by more than 1% of the balance sheet total.
- Financial charges +€241,438
up €241,438 (+648.2%), from €37,248 to €278,686
of which Financial charges: +€228,438
- Financial income +€189,248
up €189,248 (+86.3%), from €219,268 to €408,516
- Other operating charges -€25,800
down €25,800 (-73.6%), from €35,049 to €9,249
- Depreciation +€17,644
up €17,644 (+13.6%), from €129,890 to €147,534
- Taxes +€3,439
up €3,439 (+758.1%), from €454 to €3,892
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 | €8,880,809 | €8,790,182 | -€90,627 | -1.0% |
| Fixed assets | 21/28 | €3,425,355 | €3,525,743 | +€100,388 | +2.9% |
| Tangible fixed assets | 22/27 | €3,412,355 | €3,525,743 | +€113,388 | +3.3% |
| Land and buildings | 22 | €3,228,317 | €3,143,870 | -€84,447 | -2.6% |
| Plant, machinery and equipment | 23 | €85,693 | €311,318 | +€225,625 | +263.3% |
| Furniture and vehicles | 24 | €97,370 | €70,250 | -€27,120 | -27.9% |
| Other tangible fixed assets | 26 | €976 | €307 | -€669 | -68.6% |
| Financial fixed assets | 28 | €13,000 | - | -€13,000 | |
| Current assets | 29/58 | €5,455,454 | €5,264,438 | -€191,016 | -3.5% |
| Amounts receivable after more than one year | 29 | €29,961 | €14,592 | -€15,370 | -51.3% |
| Other amounts receivable | 291 | €29,961 | €14,592 | -€15,370 | -51.3% |
| Amounts receivable within one year | 40/41 | €221,713 | €49,069 | -€172,643 | -77.9% |
| Trade receivables | 40 | €42,723 | €31,060 | -€11,663 | -27.3% |
| Other amounts receivable | 41 | €178,990 | €18,009 | -€160,980 | -89.9% |
| Current investments | 50/53 | €4,407,724 | €4,691,779 | +€284,055 | +6.4% |
| Cash at bank and in hand | 54/58 | €790,486 | €501,892 | -€288,594 | -36.5% |
| Deferred charges and accrued income | 490/1 | €5,571 | €7,106 | +€1,536 | +27.6% |
| Total equity and liabilities | 10/49 | €8,880,809 | €8,790,182 | -€90,627 | -1.0% |
| Equity | 10/15 | €4,972,605 | €4,950,025 | -€22,580 | -0.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €69,170 | €69,170 | = | 0.0% |
| Distributable reserves | 133 | €69,170 | €69,170 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,703,435 | €4,680,855 | -€22,580 | -0.5% |
| Amounts payable | 17/49 | €3,908,204 | €3,840,156 | -€68,048 | -1.7% |
| Amounts payable within one year | 42/48 | €3,908,204 | €3,840,156 | -€68,048 | -1.7% |
| Trade debts | 44 | €59,346 | €39,123 | -€20,223 | -34.1% |
| Suppliers | 440/4 | €59,346 | €39,123 | -€20,223 | -34.1% |
| Other amounts payable | 47/48 | €3,848,858 | €3,801,033 | -€47,825 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,890 | €147,534 | +€17,644 | +13.6% |
| Other operating charges | 640/8 | €35,049 | €9,249 | -€25,800 | -73.6% |
| Non-recurring operating charges | 66A | €19,980 | - | -€19,980 | |
| Gross operating margin | 9900 | €10,070 | €8,265 | -€1,804 | -17.9% |
| Operating profit (loss) | 9901 | -€174,849 | -€148,518 | +€26,331 | +15.1% |
| Financial income | 75/76B | €219,268 | €408,516 | +€189,248 | +86.3% |
| Recurring financial income | 75 | €219,268 | €408,516 | +€189,248 | +86.3% |
| Financial charges | 65/66B | €37,248 | €278,686 | +€241,438 | +648.2% |
| Recurring financial charges | 65 | €37,248 | €265,686 | +€228,438 | +613.3% |
| Non-recurring financial charges | 66B | - | €13,000 | +€13,000 | |
| Profit (loss) for the period before taxes | 9903 | €7,171 | -€18,687 | -€25,859 | |
| Income taxes | 67/77 | €454 | €3,892 | +€3,439 | +758.1% |
| Profit (loss) for the period | 9904 | €6,718 | -€22,580 | -€29,297 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,718 | -€22,580 | -€29,297 |
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.