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.
ACAM Management
Largest movements
- 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
- 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
- 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
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 | €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.