ACANTHOS: 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.
ACANTHOS
Largest movements
- Tangible fixed assets -€13,749
down €13,749 (-21.8%), from €63,181 to €49,432
- Receivables within one year +€8,334
up €8,334 (+222.5%), from €3,745 to €12,079
of which Trade receivables: +€8,166
- Cash +€6,154
up €6,154 (+34.9%), from €17,654 to €23,808
mainly Net result for the year (+€19,438) and Depreciation (+€13,749)
- Profit (loss) carried forward +€19,438
up €19,438 (+17.9%), from -€108,303 to -€88,865
- Other debts -€17,600
down €17,600 (-10.7%), from €164,063 to €146,462
- Tax, wage and social debts -€1,073
down €1,073 (-49.3%), from €2,175 to €1,102
- Gross operating margin +€12,852
up €12,852 (+60.0%), from €21,421 to €34,273
- Depreciation +€8,514
up €8,514 (+162.6%), from €5,235 to €13,749
- Taxes -€564
down €564 (-82.2%), from €687 to €122
- Other operating charges -€343
down €343 (-31.3%), from €1,096 to €753
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 | €85,947 | €86,709 | +€762 | +0.9% |
| Fixed assets | 21/28 | €63,181 | €49,432 | -€13,749 | -21.8% |
| Tangible fixed assets | 22/27 | €63,181 | €49,432 | -€13,749 | -21.8% |
| Furniture and vehicles | 24 | €63,181 | €49,432 | -€13,749 | -21.8% |
| Current assets | 29/58 | €22,766 | €37,278 | +€14,511 | +63.7% |
| Amounts receivable within one year | 40/41 | €3,745 | €12,079 | +€8,334 | +222.5% |
| Trade receivables | 40 | €3,735 | €11,901 | +€8,166 | +218.6% |
| Other amounts receivable | 41 | €10 | €178 | +€168 | +1669.7% |
| Cash at bank and in hand | 54/58 | €17,654 | €23,808 | +€6,154 | +34.9% |
| Deferred charges and accrued income | 490/1 | €1,367 | €1,391 | +€24 | +1.7% |
| Total equity and liabilities | 10/49 | €85,947 | €86,709 | +€762 | +0.9% |
| Equity | 10/15 | -€81,159 | -€61,721 | +€19,438 | +24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,944 | €20,944 | = | 0.0% |
| Distributable reserves | 133 | €20,944 | €20,944 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,303 | -€88,865 | +€19,438 | +17.9% |
| Amounts payable | 17/49 | €167,107 | €148,430 | -€18,676 | -11.2% |
| Amounts payable within one year | 42/48 | €167,041 | €148,030 | -€19,010 | -11.4% |
| Financial debts | 43 | €281 | €0 | -€281 | -100.0% |
| Credit institutions | 430/8 | €281 | €0 | -€281 | -100.0% |
| Trade debts | 44 | €522 | €466 | -€56 | -10.8% |
| Suppliers | 440/4 | €522 | €466 | -€56 | -10.8% |
| Taxes, remuneration and social security | 45 | €2,175 | €1,102 | -€1,073 | -49.3% |
| Taxes | 450/3 | €2,175 | €1,102 | -€1,073 | -49.3% |
| Other amounts payable | 47/48 | €164,063 | €146,462 | -€17,600 | -10.7% |
| Accrued charges and deferred income | 492/3 | €66 | €400 | +€334 | +508.4% |
| Non-recurring operating income | 76A | €9,448 | €0 | -€9,448 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,235 | €13,749 | +€8,514 | +162.6% |
| Other operating charges | 640/8 | €1,096 | €753 | -€343 | -31.3% |
| Gross operating margin | 9900 | €21,421 | €34,273 | +€12,852 | +60.0% |
| Operating profit (loss) | 9901 | €15,089 | €19,770 | +€4,681 | +31.0% |
| Financial income | 75/76B | €4 | €0 | -€4 | -98.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -98.0% |
| Financial charges | 65/66B | €149 | €209 | +€61 | +41.0% |
| Recurring financial charges | 65 | €149 | €209 | +€61 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €14,944 | €19,561 | +€4,616 | +30.9% |
| Income taxes | 67/77 | €687 | €122 | -€564 | -82.2% |
| Profit (loss) for the period | 9904 | €14,258 | €19,438 | +€5,181 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,258 | €19,438 | +€5,181 | +36.3% |
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 11 October 2026 via checked.be.