ACAPI: 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.
ACAPI
Largest movements
- Receivables within one year -€22,586
down €22,586 (-95.7%), from €23,595 to €1,009
of which Trade receivables: -€23,595
- Tangible fixed assets -€15,395
down €15,395 (-13.4%), from €114,618 to €99,224
of which Land and buildings: -€15,206
- Cash -€2,929
down €2,929 (-62.3%), from €4,702 to €1,773
mainly Current portion of long-term debt (-€19,809) and Net result for the year (-€17,241)
- Current portion of long-term debt -€19,809
down €19,809 (-5.3%), from €372,379 to €352,570
- Profit (loss) carried forward -€17,241
down €17,241 (-5.4%), from -€316,603 to -€333,844
- Tax, wage and social debts -€2,604
down €2,604 (-93.7%), from €2,779 to €174
- Gross operating margin -€8,548
down €8,548 (-80.9%), from €10,572 to €2,025
- Depreciation -€3,816
down €3,816 (-19.9%), from €19,210 to €15,395
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,577 | €121,617 | -€40,960 | -25.2% |
| Fixed assets | 21/28 | €114,668 | €99,224 | -€15,445 | -13.5% |
| Tangible fixed assets | 22/27 | €114,618 | €99,224 | -€15,395 | -13.4% |
| Land and buildings | 22 | €113,790 | €98,584 | -€15,206 | -13.4% |
| Plant, machinery and equipment | 23 | €828 | €640 | -€188 | -22.7% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €47,909 | €22,394 | -€25,515 | -53.3% |
| Stocks and contracts in progress | 3 | €19,611 | €19,611 | = | 0.0% |
| Stocks | 30/36 | €19,611 | €19,611 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,595 | €1,009 | -€22,586 | -95.7% |
| Trade receivables | 40 | €23,595 | - | -€23,595 | |
| Other amounts receivable | 41 | - | €1,009 | +€1,009 | |
| Cash at bank and in hand | 54/58 | €4,702 | €1,773 | -€2,929 | -62.3% |
| Total equity and liabilities | 10/49 | €162,577 | €121,617 | -€40,960 | -25.2% |
| Equity | 10/15 | -€216,603 | -€233,844 | -€17,241 | -8.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€316,603 | -€333,844 | -€17,241 | -5.4% |
| Amounts payable | 17/49 | €379,180 | €355,461 | -€23,718 | -6.3% |
| Amounts payable within one year | 42/48 | €379,180 | €355,461 | -€23,718 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €372,379 | €352,570 | -€19,809 | -5.3% |
| Trade debts | 44 | €3,022 | €2,717 | -€305 | -10.1% |
| Suppliers | 440/4 | €3,022 | €2,717 | -€305 | -10.1% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €2,779 | €174 | -€2,604 | -93.7% |
| Taxes | 450/3 | €2,779 | €174 | -€2,604 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,210 | €15,395 | -€3,816 | -19.9% |
| Other operating charges | 640/8 | €3,348 | €3,406 | +€59 | +1.7% |
| Gross operating margin | 9900 | €10,572 | €2,025 | -€8,548 | -80.9% |
| Operating profit (loss) | 9901 | -€11,986 | -€16,776 | -€4,791 | -40.0% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €211 | €291 | +€80 | +37.8% |
| Recurring financial charges | 65 | €211 | €291 | +€80 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,182 | -€17,067 | -€4,885 | -40.1% |
| Income taxes | 67/77 | €222 | €174 | -€47 | -21.3% |
| Profit (loss) for the period | 9904 | -€12,404 | -€17,241 | -€4,838 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,404 | -€17,241 | -€4,838 | -39.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.