ACANTHUS: 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.
ACANTHUS
Largest movements
- Tangible fixed assets -€21,262
down €21,262 (-4.6%), from €461,212 to €439,950
of which Land and buildings: -€17,107
- Receivables within one year -€5,175
down €5,175 (-56.7%), from €9,126 to €3,951
of which Other amounts receivable: -€3,189
- Debts after one year -€47,352
down €47,352 (-19.0%), from €249,093 to €201,741
- Profit (loss) carried forward +€19,558
up €19,558, from -€17,669 to €1,889
- Trade debts -€14,287
down €14,287 (-25.7%), from €55,571 to €41,284
- Tax, wage and social debts +€9,266
up €9,266 (+101%), from €9,166 to €18,432
of which Taxes: +€10,905
- Staff costs -€19,881
down €19,881 (-61.0%), from €32,574 to €12,692
- Taxes +€8,081
up €8,081 (+196%), from €4,123 to €12,204
- Other operating charges -€5,151
down €5,151 (-54.9%), from €9,391 to €4,240
- Gross operating margin +€2,298
up €2,298 (+2.8%), from €81,152 to €83,449
- Financial charges -€954
down €954 (-6.5%), from €14,739 to €13,785
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,908 | €452,129 | -€26,779 | -5.6% |
| Fixed assets | 21/28 | €461,457 | €440,195 | -€21,262 | -4.6% |
| Tangible fixed assets | 22/27 | €461,212 | €439,950 | -€21,262 | -4.6% |
| Land and buildings | 22 | €450,746 | €433,638 | -€17,107 | -3.8% |
| Plant, machinery and equipment | 23 | €10,467 | €6,312 | -€4,155 | -39.7% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €17,451 | €11,934 | -€5,516 | -31.6% |
| Stocks and contracts in progress | 3 | €718 | - | -€718 | |
| Stocks | 30/36 | €718 | - | -€718 | |
| Amounts receivable within one year | 40/41 | €9,126 | €3,951 | -€5,175 | -56.7% |
| Trade receivables | 40 | €4,982 | €2,996 | -€1,987 | -39.9% |
| Other amounts receivable | 41 | €4,144 | €955 | -€3,189 | -76.9% |
| Cash at bank and in hand | 54/58 | €4,775 | €6,633 | +€1,857 | +38.9% |
| Deferred charges and accrued income | 490/1 | €2,831 | €1,351 | -€1,481 | -52.3% |
| Total equity and liabilities | 10/49 | €478,908 | €452,129 | -€26,779 | -5.6% |
| Equity | 10/15 | €19,500 | €39,058 | +€19,558 | +100% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €16,709 | €16,709 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,924 | €5,924 | = | 0.0% |
| Distributable reserves | 133 | €10,785 | €10,785 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,669 | €1,889 | +€19,558 | |
| Amounts payable | 17/49 | €459,408 | €413,072 | -€46,336 | -10.1% |
| Amounts payable after more than one year | 17 | €249,093 | €201,741 | -€47,352 | -19.0% |
| Financial debts | 170/4 | €249,093 | €201,741 | -€47,352 | -19.0% |
| Amounts payable within one year | 42/48 | €209,323 | €210,999 | +€1,676 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €45,156 | €47,352 | +€2,196 | +4.9% |
| Trade debts | 44 | €55,571 | €41,284 | -€14,287 | -25.7% |
| Suppliers | 440/4 | €55,571 | €41,284 | -€14,287 | -25.7% |
| Taxes, remuneration and social security | 45 | €9,166 | €18,432 | +€9,266 | +101% |
| Taxes | 450/3 | €7,527 | €18,432 | +€10,905 | +145% |
| Remuneration and social security | 454/9 | €1,639 | - | -€1,639 | |
| Other amounts payable | 47/48 | €99,431 | €103,931 | +€4,500 | +4.5% |
| Accrued charges and deferred income | 492/3 | €992 | €332 | -€660 | -66.5% |
| Remuneration, social security and pensions | 62 | €32,574 | €12,692 | -€19,881 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,262 | €21,262 | = | 0.0% |
| Other operating charges | 640/8 | €9,391 | €4,240 | -€5,151 | -54.9% |
| Gross operating margin | 9900 | €81,152 | €83,449 | +€2,298 | +2.8% |
| Operating profit (loss) | 9901 | €17,924 | €45,255 | +€27,330 | +152% |
| Financial income | 75/76B | €642 | €292 | -€350 | -54.5% |
| Recurring financial income | 75 | €642 | €292 | -€350 | -54.5% |
| Financial charges | 65/66B | €14,739 | €13,785 | -€954 | -6.5% |
| Recurring financial charges | 65 | €14,739 | €13,785 | -€954 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €3,827 | €31,762 | +€27,934 | +730% |
| Income taxes | 67/77 | €4,123 | €12,204 | +€8,081 | +196% |
| Profit (loss) for the period | 9904 | -€296 | €19,558 | +€19,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€296 | €19,558 | +€19,854 |
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 28 October 2026 via checked.be.