ACALY: 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
ACALY
NACE 78.100, Employment placement agencies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€302,850
2024 · €327,731-€24,881
Equity
€641,722
2024 · €738,873-€97,150
Cash
€740,186
2024 · €479,079+€261,107
Balance sheet total
€2.9m
2024 · €2.6m+€295,441
Largest movements
Assets
- Cash +€261,107
up €261,107 (+54.5%), from €479,079 to €740,186
mainly Trade debts (+€541,854) and Net result for the year (+€302,850)
Equity and liabilities
- Trade debts +€541,854
up €541,854 (+55.8%), from €970,323 to €1.5m
- Other debts -€154,524
down €154,524 (-42.3%), from €365,175 to €210,650
- Profit (loss) carried forward -€97,150
down €97,150 (-13.5%), from €718,413 to €621,262
Income statement
- Gross operating margin +€412,213
up €412,213 (+11.8%), from €3.5m to €3.9m
- Staff costs +€411,010
up €411,010 (+13.9%), from €3.0m to €3.4m
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
€327,731
Gross operating margin
+€412,213
Staff costs
-€411,010
Depreciation
-€4,079
Other operating charges
-€11,660
Other operating items
-€16
Financial income
-€1,641
Financial charges
-€10,501
Taxes
+€1,813
Result 2025
€302,850
raises the resultlowers the resultnot broken down further in the accounts
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
+€692,733
Investment
-€21,294
Financing
-€410,332
Cash 2024
€479,079
From operations (derived)
+€692,733
Net result for the year
+€302,850
Depreciation
+€18,786
Receivables within one year
-€11,930
Deferred charges and accrued income
-€19,896
Trade debts
+€541,854
Tax, wage and social debts
+€15,594
Other debts
-€154,524
Investment (derived)
-€21,294
Investment in fixed assets (net)
-€21,294
Financing
-€410,332
Debts after one year
-€9,270
Short-term financial debts
-€1,062
Contributions, distributions and other
-€400,000
Cash 2025
€740,186
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,642,628 | €2,938,069 | +€295,441 | +11.2% |
| Fixed assets | 21/28 | €65,350 | €67,858 | +€2,508 | +3.8% |
| Tangible fixed assets | 22/27 | €65,350 | €67,858 | +€2,508 | +3.8% |
| Land and buildings | 22 | €48,271 | €46,141 | -€2,130 | -4.4% |
| Plant, machinery and equipment | 23 | €1,218 | €800 | -€417 | -34.3% |
| Furniture and vehicles | 24 | €15,861 | €20,917 | +€5,056 | +31.9% |
| Current assets | 29/58 | €2,577,279 | €2,870,211 | +€292,933 | +11.4% |
| Amounts receivable within one year | 40/41 | €2,098,200 | €2,110,130 | +€11,930 | +0.6% |
| Trade receivables | 40 | €2,092,450 | €2,084,361 | -€8,089 | -0.4% |
| Other amounts receivable | 41 | €5,749 | €25,769 | +€20,019 | +348% |
| Cash at bank and in hand | 54/58 | €479,079 | €740,186 | +€261,107 | +54.5% |
| Deferred charges and accrued income | 490/1 | - | €19,896 | +€19,896 | |
| Total equity and liabilities | 10/49 | €2,642,628 | €2,938,069 | +€295,441 | +11.2% |
| Equity | 10/15 | €738,873 | €641,722 | -€97,150 | -13.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €718,413 | €621,262 | -€97,150 | -13.5% |
| Amounts payable | 17/49 | €1,903,756 | €2,296,347 | +€392,591 | +20.6% |
| Amounts payable after more than one year | 17 | €15,568 | €6,298 | -€9,270 | -59.5% |
| Financial debts | 170/4 | €15,568 | €6,298 | -€9,270 | -59.5% |
| Amounts payable within one year | 42/48 | €1,888,188 | €2,290,050 | +€401,862 | +21.3% |
| Financial debts | 43 | €62,860 | €61,799 | -€1,062 | -1.7% |
| Credit institutions | 430/8 | €62,860 | €61,799 | -€1,062 | -1.7% |
| Trade debts | 44 | €970,323 | €1,512,177 | +€541,854 | +55.8% |
| Suppliers | 440/4 | €970,323 | €1,512,177 | +€541,854 | +55.8% |
| Taxes, remuneration and social security | 45 | €489,830 | €505,424 | +€15,594 | +3.2% |
| Taxes | 450/3 | €154,459 | €116,775 | -€37,685 | -24.4% |
| Remuneration and social security | 454/9 | €335,370 | €388,649 | +€53,279 | +15.9% |
| Other amounts payable | 47/48 | €365,175 | €210,650 | -€154,524 | -42.3% |
| Non-recurring operating income | 76A | - | €12,653 | +€12,653 | |
| Remuneration, social security and pensions | 62 | €2,960,600 | €3,371,610 | +€411,010 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,707 | €18,786 | +€4,079 | +27.7% |
| Other operating charges | 640/8 | €457 | €12,117 | +€11,660 | +2,551% |
| Non-recurring operating charges | 66A | - | €16 | +€16 | |
| Gross operating margin | 9900 | €3,497,938 | €3,910,151 | +€412,213 | +11.8% |
| Operating profit (loss) | 9901 | €522,174 | €507,621 | -€14,553 | -2.8% |
| Financial income | 75/76B | €2,194 | €553 | -€1,641 | -74.8% |
| Recurring financial income | 75 | €2,194 | €553 | -€1,641 | -74.8% |
| Non-recurring financial income | 76B | €2,194 | - | -€2,194 | |
| Financial charges | 65/66B | €6,525 | €17,026 | +€10,501 | +161% |
| Recurring financial charges | 65 | €6,525 | €17,026 | +€10,501 | +161% |
| Profit (loss) for the period before taxes | 9903 | €517,843 | €491,148 | -€26,694 | -5.2% |
| Income taxes | 67/77 | €190,112 | €188,299 | -€1,813 | -1.0% |
| Profit (loss) for the period | 9904 | €327,731 | €302,850 | -€24,881 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €327,731 | €302,850 | -€24,881 | -7.6% |
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 14 October 2026 via checked.be.