ACARAVELLE: 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.
ACARAVELLE
Largest movements
- Cash +€26,607
up €26,607 (+41.7%), from €63,843 to €90,450
mainly Depreciation (+€25,017) and Trade debts (+€19,718)
- Tangible fixed assets -€23,692
down €23,692 (-7.4%), from €321,259 to €297,567
- Receivables within one year -€9,099
down €9,099 (-27.2%), from €33,495 to €24,396
of which Trade receivables: -€6,236
- Trade debts +€19,718
up €19,718 (+491%), from €4,019 to €23,737
- Profit (loss) carried forward -€14,767
down €14,767, from €3,628 to -€11,139
- Debts after one year -€14,349
down €14,349 (-9.0%), from €159,654 to €145,306
- Accrued charges and deferred income -€4,269
down €4,269 (-48.7%), from €8,772 to €4,503
- Gross operating margin -€13,384
down €13,384 (-37.7%), from €35,482 to €22,098
- Depreciation +€5,032
up €5,032 (+25.2%), from €19,984 to €25,017
- Financial charges -€1,713
down €1,713 (-16.1%), from €10,623 to €8,911
- Taxes -€1,602
down €1,602 (-84.2%), from €1,903 to €301
- Other operating charges -€511
down €511 (-12.6%), from €4,039 to €3,528
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 | €424,275 | €416,981 | -€7,295 | -1.7% |
| Formation expenses | 20 | €2,878 | €2,662 | -€216 | -7.5% |
| Fixed assets | 21/28 | €321,259 | €297,567 | -€23,692 | -7.4% |
| Tangible fixed assets | 22/27 | €321,259 | €297,567 | -€23,692 | -7.4% |
| Land and buildings | 22 | €285,591 | €273,924 | -€11,667 | -4.1% |
| Plant, machinery and equipment | 23 | €9,136 | €7,563 | -€1,573 | -17.2% |
| Furniture and vehicles | 24 | €26,532 | €16,081 | -€10,451 | -39.4% |
| Current assets | 29/58 | €100,138 | €116,751 | +€16,613 | +16.6% |
| Amounts receivable within one year | 40/41 | €33,495 | €24,396 | -€9,099 | -27.2% |
| Trade receivables | 40 | €26,398 | €20,162 | -€6,236 | -23.6% |
| Other amounts receivable | 41 | €7,097 | €4,234 | -€2,863 | -40.3% |
| Cash at bank and in hand | 54/58 | €63,843 | €90,450 | +€26,607 | +41.7% |
| Deferred charges and accrued income | 490/1 | €2,800 | €1,905 | -€896 | -32.0% |
| Total equity and liabilities | 10/49 | €424,275 | €416,981 | -€7,295 | -1.7% |
| Equity | 10/15 | €161,838 | €146,350 | -€15,488 | -9.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €61,017 | €61,017 | = | 0.0% |
| Distributable reserves | 133 | €61,017 | €61,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,628 | -€11,139 | -€14,767 | |
| Investment grants | 15 | €17,192 | €16,472 | -€721 | -4.2% |
| Amounts payable | 17/49 | €262,438 | €270,631 | +€8,193 | +3.1% |
| Amounts payable after more than one year | 17 | €159,654 | €145,306 | -€14,349 | -9.0% |
| Financial debts | 170/4 | €159,654 | €145,306 | -€14,349 | -9.0% |
| Amounts payable within one year | 42/48 | €94,011 | €120,822 | +€26,811 | +28.5% |
| Current portion of amounts payable after more than one year | 42 | €14,037 | €14,349 | +€312 | +2.2% |
| Trade debts | 44 | €4,019 | €23,737 | +€19,718 | +491% |
| Suppliers | 440/4 | €4,019 | €23,737 | +€19,718 | +491% |
| Taxes, remuneration and social security | 45 | €14,345 | €17,755 | +€3,410 | +23.8% |
| Taxes | 450/3 | €14,345 | €17,755 | +€3,410 | +23.8% |
| Other amounts payable | 47/48 | €61,610 | €64,981 | +€3,371 | +5.5% |
| Accrued charges and deferred income | 492/3 | €8,772 | €4,503 | -€4,269 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,984 | €25,017 | +€5,032 | +25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €421 | - | -€421 | |
| Other operating charges | 640/8 | €4,039 | €3,528 | -€511 | -12.6% |
| Gross operating margin | 9900 | €35,482 | €22,098 | -€13,384 | -37.7% |
| Operating profit (loss) | 9901 | €11,038 | -€6,447 | -€17,484 | |
| Financial income | 75/76B | €737 | €892 | +€155 | +21.0% |
| Recurring financial income | 75 | €737 | €892 | +€155 | +21.0% |
| Financial charges | 65/66B | €10,623 | €8,911 | -€1,713 | -16.1% |
| Recurring financial charges | 65 | €10,623 | €8,911 | -€1,713 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €1,151 | -€14,466 | -€15,617 | |
| Income taxes | 67/77 | €1,903 | €301 | -€1,602 | -84.2% |
| Profit (loss) for the period | 9904 | -€752 | -€14,767 | -€14,015 | -1,864% |
| Profit (loss) for the period to be appropriated | 9905 | -€752 | -€14,767 | -€14,015 | -1,864% |
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 24 October 2026 via checked.be.