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ACAM Management: 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.

What changed

ACAM Management

BE 0753.734.144
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,421
2024 · €8,161+€2,260
Equity
€41,536
2024 · €32,816+€8,721
Cash
€15,554
2024 · €25,025-€9,471
Balance sheet total
€126,286
2024 · €137,833-€11,546

Largest movements

2024 to 2025
Assets
  • Cash -€9,471

    down €9,471 (-37.8%), from €25,025 to €15,554

    mainly Debts after one year (-€9,233) and Tax, wage and social debts (-€8,167)

  • Tangible fixed assets -€1,692

    down €1,692 (-17.6%), from €9,623 to €7,932

    of which Furniture and vehicles: -€1,279

Equity and liabilities
  • Debts after one year -€9,233

    down €9,233 (-25.2%), from €36,683 to €27,450

  • Profit (loss) carried forward +€8,721

    up €8,721 (+30.3%), from €28,816 to €37,536

  • Tax, wage and social debts -€8,167

    down €8,167 (-48.7%), from €16,757 to €8,590

  • Other debts -€1,952

    down €1,952 (-5.3%), from €36,721 to €34,770

Income statement
  • Gross operating margin +€5,665

    up €5,665 (+31.1%), from €18,187 to €23,852

  • Taxes +€1,496

    up €1,496 (+30.0%), from €4,987 to €6,483

  • Depreciation +€1,051

    up €1,051 (+55.0%), from €1,910 to €2,961

  • Financial charges +€1,018

    up €1,018 (+46.9%), from €2,172 to €3,190

From the 2024 result to the 2025 result

effect on the 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 €8,161
Gross operating margin +€5,665
Depreciation -€1,051
Other operating charges +€160
Financial charges -€1,018
Taxes -€1,496
Result 2025 €10,421

Cash bridge derived

cash 2024 to 2025

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 +€3,179
Investment -€1,269
Financing -€11,381
Cash 2024 €25,025
Net result for the year +€10,421
Depreciation +€2,961
Receivables within one year -€41
Deferred charges and accrued income +€424
Trade debts -€467
Tax, wage and social debts -€8,167
Other debts -€1,952
Investment in fixed assets (net) -€1,269
Debts after one year -€9,233
Current portion of long-term debt +€374
Short-term financial debts -€823
Contributions, distributions and other -€1,700
Cash 2025 €15,554
Every line side by side 37 lines
Line Code 2024 2025 Change %
Total assets 20/58 €137,833 €126,286 -€11,546 -8.4%
Fixed assets 21/28 €111,623 €109,932 -€1,692 -1.5%
Tangible fixed assets 22/27 €9,623 €7,932 -€1,692 -17.6%
Furniture and vehicles 24 €6,119 €4,840 -€1,279 -20.9%
Other tangible fixed assets 26 €3,504 €3,092 -€412 -11.8%
Financial fixed assets 28 €102,000 €102,000 = 0.0%
Current assets 29/58 €26,209 €16,355 -€9,855 -37.6%
Amounts receivable within one year 40/41 €7 €48 +€41 +584.9%
Other amounts receivable 41 €7 €48 +€41 +584.9%
Cash at bank and in hand 54/58 €25,025 €15,554 -€9,471 -37.8%
Deferred charges and accrued income 490/1 €1,178 €753 -€424 -36.0%
Total equity and liabilities 10/49 €137,833 €126,286 -€11,546 -8.4%
Equity 10/15 €32,816 €41,536 +€8,721 +26.6%
Contributions 10/11 €4,000 €4,000 = 0.0%
Profit (loss) carried forward 14 €28,816 €37,536 +€8,721 +30.3%
Amounts payable 17/49 €105,017 €84,750 -€20,267 -19.3%
Amounts payable after more than one year 17 €36,683 €27,450 -€9,233 -25.2%
Financial debts 170/4 €36,683 €27,450 -€9,233 -25.2%
Amounts payable within one year 42/48 €68,334 €57,300 -€11,034 -16.1%
Current portion of amounts payable after more than one year 42 €8,858 €9,233 +€374 +4.2%
Financial debts 43 €5,000 €4,177 -€823 -16.5%
Credit institutions 430/8 €5,000 €4,177 -€823 -16.5%
Trade debts 44 €998 €531 -€467 -46.8%
Suppliers 440/4 €998 €531 -€467 -46.8%
Taxes, remuneration and social security 45 €16,757 €8,590 -€8,167 -48.7%
Taxes 450/3 €16,757 €8,590 -€8,167 -48.7%
Other amounts payable 47/48 €36,721 €34,770 -€1,952 -5.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,910 €2,961 +€1,051 +55.0%
Other operating charges 640/8 €958 €798 -€160 -16.7%
Gross operating margin 9900 €18,187 €23,852 +€5,665 +31.1%
Operating profit (loss) 9901 €15,320 €20,094 +€4,774 +31.2%
Financial charges 65/66B €2,172 €3,190 +€1,018 +46.9%
Recurring financial charges 65 €2,172 €3,190 +€1,018 +46.9%
Profit (loss) for the period before taxes 9903 €13,148 €16,904 +€3,756 +28.6%
Income taxes 67/77 €4,987 €6,483 +€1,496 +30.0%
Profit (loss) for the period 9904 €8,161 €10,421 +€2,260 +27.7%
Profit (loss) for the period to be appropriated 9905 €8,161 €10,421 +€2,260 +27.7%

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 8 October 2026 via checked.be.