ACAPELLA: 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.
ACAPELLA
Largest movements
- Receivables within one year -€1,843
down €1,843 (-23.5%), from €7,834 to €5,991
- Tangible fixed assets -€1,608
down €1,608 (-45.0%), from €3,572 to €1,964
- Cash -€237
down €237 (-23.7%), from €1,002 to €765
mainly Short-term financial debts (-€4,100) and Trade debts (-€821)
- Short-term financial debts -€4,100
down €4,100 (-12.4%), from €33,100 to €29,000
- Profit (loss) carried forward +€1,543
up €1,543 (+2.3%), from -€65,807 to -€64,264
- Trade debts -€821
down €821 (-11.2%), from €7,331 to €6,510
- Tax, wage and social debts -€449
down €449 (-15.9%), from €2,823 to €2,374
- Accrued charges and deferred income +€204
up €204 (+78.5%), from €260 to €464
- Gross operating margin +€5,576
up €5,576 (+301.7%), from €1,848 to €7,424
- Other operating charges +€316
up €316 (+31.5%), from €1,002 to €1,318
- Depreciation +€223
up €223 (+16.1%), from €1,385 to €1,608
- Financial charges -€131
down €131 (-4.5%), from €2,913 to €2,782
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 | €12,495 | €8,929 | -€3,566 | -28.5% |
| Fixed assets | 21/28 | €3,659 | €2,051 | -€1,608 | -43.9% |
| Tangible fixed assets | 22/27 | €3,572 | €1,964 | -€1,608 | -45.0% |
| Furniture and vehicles | 24 | €3,572 | €1,964 | -€1,608 | -45.0% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €8,836 | €6,878 | -€1,958 | -22.2% |
| Amounts receivable within one year | 40/41 | €7,834 | €5,991 | -€1,843 | -23.5% |
| Trade receivables | 40 | €7,834 | €5,991 | -€1,843 | -23.5% |
| Cash at bank and in hand | 54/58 | €1,002 | €765 | -€237 | -23.7% |
| Deferred charges and accrued income | 490/1 | - | €122 | +€122 | |
| Total equity and liabilities | 10/49 | €12,495 | €8,929 | -€3,566 | -28.5% |
| Equity | 10/15 | -€31,449 | -€29,906 | +€1,543 | +4.9% |
| Contributions | 10/11 | €31,235 | €31,235 | = | 0.0% |
| Reserves | 13 | €3,123 | €3,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,123 | €3,123 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,123 | €3,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,807 | -€64,264 | +€1,543 | +2.3% |
| Amounts payable | 17/49 | €43,944 | €38,835 | -€5,109 | -11.6% |
| Amounts payable within one year | 42/48 | €43,684 | €38,371 | -€5,313 | -12.2% |
| Financial debts | 43 | €33,100 | €29,000 | -€4,100 | -12.4% |
| Credit institutions | 430/8 | €33,100 | €29,000 | -€4,100 | -12.4% |
| Trade debts | 44 | €7,331 | €6,510 | -€821 | -11.2% |
| Suppliers | 440/4 | €7,331 | €6,510 | -€821 | -11.2% |
| Taxes, remuneration and social security | 45 | €2,823 | €2,374 | -€449 | -15.9% |
| Taxes | 450/3 | €2,823 | €2,374 | -€449 | -15.9% |
| Other amounts payable | 47/48 | €430 | €487 | +€57 | +13.3% |
| Accrued charges and deferred income | 492/3 | €260 | €464 | +€204 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,385 | €1,608 | +€223 | +16.1% |
| Other operating charges | 640/8 | €1,002 | €1,318 | +€316 | +31.5% |
| Gross operating margin | 9900 | €1,848 | €7,424 | +€5,576 | +301.7% |
| Operating profit (loss) | 9901 | -€539 | €4,498 | +€5,037 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,913 | €2,782 | -€131 | -4.5% |
| Recurring financial charges | 65 | €2,913 | €2,782 | -€131 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,451 | €1,716 | +€5,167 | |
| Income taxes | 67/77 | €169 | €173 | +€4 | +2.4% |
| Profit (loss) for the period | 9904 | -€3,620 | €1,543 | +€5,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,620 | €1,543 | +€5,163 |
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 10 October 2026 via checked.be.