Acar'Up: 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.
Acar'Up
Largest movements
- Cash -€17,393
down €17,393 (-88.0%), from €19,767 to €2,374
mainly Net result for the year (-€70,979) and Debts after one year (-€53,884)
- Receivables within one year -€14,818
down €14,818 (-14.6%), from €101,233 to €86,414
of which Trade receivables: -€16,245
- Stocks and contracts +€11,216
up €11,216 (+32.5%), from €34,564 to €45,780
- Intangible fixed assets -€4,446
down €4,446 (-23.1%), from €19,249 to €14,804
- Financial fixed assets +€1,990
up €1,990 (+552.8%), from €360 to €2,350
- Profit (loss) carried forward -€70,979
down €70,979 (-1.5%), from -€4.7m to -€4.8m
- Debts after one year -€53,884
down €53,884 (-10.0%), from €541,323 to €487,440
- Current portion of long-term debt +€44,276
new in 2025: €44,276
- Trade debts +€34,127
up €34,127 (+7.0%), from €490,416 to €524,543
- Other debts +€15,111
up €15,111 (+2.0%), from €750,000 to €765,111
- Gross operating margin +€147,875
up €147,875, from -€121,300 to €26,575
- Depreciation -€10,325
down €10,325 (-47.3%), from €21,830 to €11,505
- Financial charges +€7,746
up €7,746 (+33.9%), from €22,817 to €30,563
- Write-downs +€5,988
new in 2025: €5,988
- Other operating charges -€2,740
down €2,740 (-78.9%), from €3,474 to €734
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 | €187,320 | €163,146 | -€24,174 | -12.9% |
| Fixed assets | 21/28 | €29,155 | €26,177 | -€2,978 | -10.2% |
| Intangible fixed assets | 21 | €19,249 | €14,804 | -€4,446 | -23.1% |
| Tangible fixed assets | 22/27 | €9,546 | €9,023 | -€523 | -5.5% |
| Plant, machinery and equipment | 23 | €9,546 | €9,023 | -€523 | -5.5% |
| Financial fixed assets | 28 | €360 | €2,350 | +€1,990 | +552.8% |
| Current assets | 29/58 | €158,165 | €136,969 | -€21,196 | -13.4% |
| Stocks and contracts in progress | 3 | €34,564 | €45,780 | +€11,216 | +32.5% |
| Stocks | 30/36 | €34,564 | €45,780 | +€11,216 | +32.5% |
| Amounts receivable within one year | 40/41 | €101,233 | €86,414 | -€14,818 | -14.6% |
| Trade receivables | 40 | €62,238 | €45,993 | -€16,245 | -26.1% |
| Other amounts receivable | 41 | €38,995 | €40,422 | +€1,427 | +3.7% |
| Cash at bank and in hand | 54/58 | €19,767 | €2,374 | -€17,393 | -88.0% |
| Deferred charges and accrued income | 490/1 | €2,601 | €2,400 | -€201 | -7.7% |
| Total equity and liabilities | 10/49 | €187,320 | €163,146 | -€24,174 | -12.9% |
| Equity | 10/15 | -€1,607,010 | -€1,677,989 | -€70,979 | -4.4% |
| Contributions | 10/11 | €3,120,000 | €3,120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,727,010 | -€4,797,989 | -€70,979 | -1.5% |
| Amounts payable | 17/49 | €1,794,330 | €1,841,135 | +€46,805 | +2.6% |
| Amounts payable after more than one year | 17 | €541,323 | €487,440 | -€53,884 | -10.0% |
| Financial debts | 170/4 | €541,323 | €487,440 | -€53,884 | -10.0% |
| Amounts payable within one year | 42/48 | €1,253,007 | €1,353,695 | +€100,689 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | - | €44,276 | +€44,276 | |
| Trade debts | 44 | €490,416 | €524,543 | +€34,127 | +7.0% |
| Suppliers | 440/4 | €490,416 | €524,543 | +€34,127 | +7.0% |
| Taxes, remuneration and social security | 45 | €12,591 | €19,766 | +€7,175 | +57.0% |
| Taxes | 450/3 | €6,226 | €13,187 | +€6,962 | +111.8% |
| Remuneration and social security | 454/9 | €6,365 | €6,579 | +€214 | +3.4% |
| Other amounts payable | 47/48 | €750,000 | €765,111 | +€15,111 | +2.0% |
| Remuneration, social security and pensions | 62 | €47,678 | €48,939 | +€1,261 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,830 | €11,505 | -€10,325 | -47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,988 | +€5,988 | |
| Other operating charges | 640/8 | €3,474 | €734 | -€2,740 | -78.9% |
| Non-recurring operating charges | 66A | €122 | - | -€122 | |
| Gross operating margin | 9900 | -€121,300 | €26,575 | +€147,875 | |
| Operating profit (loss) | 9901 | -€194,403 | -€40,591 | +€153,813 | +79.1% |
| Financial income | 75/76B | €4 | €175 | +€171 | +4375.7% |
| Recurring financial income | 75 | €4 | €175 | +€171 | +4375.7% |
| Financial charges | 65/66B | €22,817 | €30,563 | +€7,746 | +33.9% |
| Recurring financial charges | 65 | €22,817 | €30,563 | +€7,746 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | -€217,217 | -€70,979 | +€146,238 | +67.3% |
| Profit (loss) for the period | 9904 | -€217,217 | -€70,979 | +€146,238 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€217,217 | -€70,979 | +€146,238 | +67.3% |
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 12 October 2026 via checked.be.