ACARAS: 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.
ACARAS
Largest movements
- Receivables within one year +€7,260
new in 2025: €7,260
- Tangible fixed assets -€3,989
down €3,989 (-4.1%), from €96,285 to €92,296
of which Land and buildings: -€6,878
- Debts after one year -€8,099
down €8,099 (-10.4%), from €77,869 to €69,770
- Other debts +€7,460
up €7,460 (+97.6%), from €7,644 to €15,104
- Profit (loss) carried forward +€2,134
up €2,134 (+10.9%), from -€19,625 to -€17,491
- Tax, wage and social debts +€1,022
up €1,022 (+102%), from €1,006 to €2,029
- Gross operating margin +€7,112
up €7,112 (+142%), from €5,000 to €12,112
- Depreciation -€717
down €717 (-9.4%), from €7,638 to €6,921
- Financial charges -€134
down €134 (-6.9%), from €1,931 to €1,797
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 | €98,358 | €101,929 | +€3,571 | +3.6% |
| Fixed assets | 21/28 | €96,285 | €92,296 | -€3,989 | -4.1% |
| Tangible fixed assets | 22/27 | €96,285 | €92,296 | -€3,989 | -4.1% |
| Land and buildings | 22 | €96,285 | €89,408 | -€6,878 | -7.1% |
| Furniture and vehicles | 24 | - | €2,889 | +€2,889 | |
| Current assets | 29/58 | €2,073 | €9,633 | +€7,560 | +365% |
| Amounts receivable within one year | 40/41 | - | €7,260 | +€7,260 | |
| Trade receivables | 40 | - | €7,260 | +€7,260 | |
| Cash at bank and in hand | 54/58 | €2,073 | €2,213 | +€140 | +6.8% |
| Deferred charges and accrued income | 490/1 | - | €160 | +€160 | |
| Total equity and liabilities | 10/49 | €98,358 | €101,929 | +€3,571 | +3.6% |
| Equity | 10/15 | €3,093 | €5,226 | +€2,134 | +69.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,517 | €16,517 | = | 0.0% |
| Distributable reserves | 133 | €16,517 | €16,517 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,625 | -€17,491 | +€2,134 | +10.9% |
| Amounts payable | 17/49 | €95,265 | €96,702 | +€1,437 | +1.5% |
| Amounts payable after more than one year | 17 | €77,869 | €69,770 | -€8,099 | -10.4% |
| Financial debts | 170/4 | €77,869 | €69,770 | -€8,099 | -10.4% |
| Amounts payable within one year | 42/48 | €17,396 | €26,932 | +€9,537 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | €7,949 | €8,099 | +€150 | +1.9% |
| Trade debts | 44 | €797 | €1,700 | +€904 | +113% |
| Suppliers | 440/4 | €797 | €1,700 | +€904 | +113% |
| Taxes, remuneration and social security | 45 | €1,006 | €2,029 | +€1,022 | +102% |
| Taxes | 450/3 | €1,006 | €2,029 | +€1,022 | +102% |
| Other amounts payable | 47/48 | €7,644 | €15,104 | +€7,460 | +97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,638 | €6,921 | -€717 | -9.4% |
| Other operating charges | 640/8 | €1,229 | €1,266 | +€37 | +3.0% |
| Gross operating margin | 9900 | €5,000 | €12,112 | +€7,112 | +142% |
| Operating profit (loss) | 9901 | -€3,866 | €3,925 | +€7,791 | |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,931 | €1,797 | -€134 | -6.9% |
| Recurring financial charges | 65 | €1,931 | €1,797 | -€134 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,798 | €2,134 | +€7,931 | |
| Profit (loss) for the period | 9904 | -€5,798 | €2,134 | +€7,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,798 | €2,134 | +€7,931 |
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.