ACASA Holding: 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.
ACASA Holding
Largest movements
- Cash +€172,227
up €172,227 (+356%), from €48,410 to €220,637
mainly Short-term financial debts (+€124,883) and Net result for the year (+€100,600)
- Receivables within one year +€146,642
up €146,642 (+105%), from €139,872 to €286,513
of which Other amounts receivable: +€75,663
- Receivables after one year -€73,363
down €73,363 (-58.1%), from €126,379 to €53,015
- Tangible fixed assets +€45,143
up €45,143 (+106%), from €42,779 to €87,922
of which Land and buildings: +€53,586
- Profit (loss) carried forward +€144,504
new in 2025: €144,504
- Short-term financial debts +€124,883
up €124,883 (+1,370%), from €9,117 to €134,000
- Reserves -€113,441
down €113,441 (-77.4%), from €146,563 to €33,123
of which Distributable reserves: -€146,563
- Accrued charges and deferred income +€69,172
new in 2025: €69,172
- Contributions +€39,014
up €39,014 (+629%), from €6,200 to €45,214
- Gross operating margin +€57,331
up €57,331 (+37.5%), from €152,961 to €210,291
- Taxes +€27,498
up €27,498 (+323%), from €8,515 to €36,013
- Depreciation +€14,214
up €14,214 (+161%), from €8,823 to €23,037
- Staff costs -€8,039
down €8,039 (-14.1%), from €57,049 to €49,010
- Financial income +€3,227
new in 2025: €3,227
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 | €358,137 | €652,539 | +€294,402 | +82.2% |
| Fixed assets | 21/28 | €42,828 | €90,424 | +€47,595 | +111% |
| Tangible fixed assets | 22/27 | €42,779 | €87,922 | +€45,143 | +106% |
| Land and buildings | 22 | - | €53,586 | +€53,586 | |
| Furniture and vehicles | 24 | €33,176 | €26,836 | -€6,340 | -19.1% |
| Other tangible fixed assets | 26 | €9,603 | €7,500 | -€2,103 | -21.9% |
| Financial fixed assets | 28 | €50 | €2,502 | +€2,452 | +4,944% |
| Current assets | 29/58 | €315,309 | €562,115 | +€246,807 | +78.3% |
| Amounts receivable after more than one year | 29 | €126,379 | €53,015 | -€73,363 | -58.1% |
| Other amounts receivable | 291 | €126,379 | €53,015 | -€73,363 | -58.1% |
| Amounts receivable within one year | 40/41 | €139,872 | €286,513 | +€146,642 | +105% |
| Trade receivables | 40 | €128,856 | €199,835 | +€70,979 | +55.1% |
| Other amounts receivable | 41 | €11,015 | €86,679 | +€75,663 | +687% |
| Cash at bank and in hand | 54/58 | €48,410 | €220,637 | +€172,227 | +356% |
| Deferred charges and accrued income | 490/1 | €649 | €1,950 | +€1,301 | +201% |
| Total equity and liabilities | 10/49 | €358,137 | €652,539 | +€294,402 | +82.2% |
| Equity | 10/15 | €152,763 | €222,841 | +€70,077 | +45.9% |
| Contributions | 10/11 | €6,200 | €45,214 | +€39,014 | +629% |
| Reserves | 13 | €146,563 | €33,123 | -€113,441 | -77.4% |
| Tax-exempt reserves | 132 | - | €33,123 | +€33,123 | |
| Distributable reserves | 133 | €146,563 | - | -€146,563 | |
| Profit (loss) carried forward | 14 | - | €144,504 | +€144,504 | |
| Provisions and deferred taxes | 16 | - | €4,931 | +€4,931 | |
| Deferred taxes | 168 | - | €4,931 | +€4,931 | |
| Amounts payable | 17/49 | €205,374 | €424,767 | +€219,394 | +107% |
| Amounts payable after more than one year | 17 | €58,846 | €73,741 | +€14,894 | +25.3% |
| Financial debts | 170/4 | €50,331 | €73,741 | +€23,410 | +46.5% |
| Other amounts payable | 178/9 | €8,516 | - | -€8,516 | |
| Amounts payable within one year | 42/48 | €146,527 | €281,854 | +€135,327 | +92.4% |
| Current portion of amounts payable after more than one year | 42 | €33,159 | €46,613 | +€13,454 | +40.6% |
| Financial debts | 43 | €9,117 | €134,000 | +€124,883 | +1,370% |
| Credit institutions | 430/8 | €9,117 | €134,000 | +€124,883 | +1,370% |
| Trade debts | 44 | €23,444 | €39,018 | +€15,574 | +66.4% |
| Suppliers | 440/4 | €23,444 | €39,018 | +€15,574 | +66.4% |
| Taxes, remuneration and social security | 45 | €25,608 | €31,493 | +€5,884 | +23.0% |
| Taxes | 450/3 | €17,517 | €31,493 | +€13,976 | +79.8% |
| Remuneration and social security | 454/9 | €8,091 | - | -€8,091 | |
| Other amounts payable | 47/48 | €55,200 | €30,731 | -€24,469 | -44.3% |
| Accrued charges and deferred income | 492/3 | - | €69,172 | +€69,172 | |
| Remuneration, social security and pensions | 62 | €57,049 | €49,010 | -€8,039 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,823 | €23,037 | +€14,214 | +161% |
| Other operating charges | 640/8 | €889 | €877 | -€12 | -1.3% |
| Gross operating margin | 9900 | €152,961 | €210,291 | +€57,331 | +37.5% |
| Operating profit (loss) | 9901 | €86,199 | €137,367 | +€51,168 | +59.4% |
| Financial income | 75/76B | - | €3,227 | +€3,227 | |
| Recurring financial income | 75 | - | €3,227 | +€3,227 | |
| Financial charges | 65/66B | €3,223 | €3,981 | +€758 | +23.5% |
| Recurring financial charges | 65 | €3,223 | €3,981 | +€758 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €82,976 | €136,613 | +€53,637 | +64.6% |
| Income taxes | 67/77 | €8,515 | €36,013 | +€27,498 | +323% |
| Profit (loss) for the period | 9904 | €74,461 | €100,600 | +€26,139 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,461 | €100,600 | +€26,139 | +35.1% |
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 31 October 2026 via checked.be.