ACAVA: 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.
ACAVA
Largest movements
- Cash -€51,949
down €51,949 (-35.6%), from €145,746 to €93,797
mainly Debts after one year (-€76,700) and Investment in fixed assets (net) (-€19,243)
- Tangible fixed assets -€24,496
down €24,496 (-2.6%), from €940,596 to €916,100
of which Land and buildings: -€15,965
- Debts after one year -€76,700
down €76,700 (-38.0%), from €201,700 to €125,000
of which Financial debts: -€75,000
- Gross operating margin -€4,742
down €4,742 (-7.4%), from €64,448 to €59,706
- Taxes +€2,697
up €2,697 (+69.0%), from €3,908 to €6,605
- Financial income -€1,045
no longer reported in 2025 (was €1,045)
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 | €1,088,336 | €1,011,789 | -€76,547 | -7.0% |
| Fixed assets | 21/28 | €940,596 | €916,100 | -€24,496 | -2.6% |
| Tangible fixed assets | 22/27 | €940,596 | €916,100 | -€24,496 | -2.6% |
| Land and buildings | 22 | €757,514 | €741,549 | -€15,965 | -2.1% |
| Plant, machinery and equipment | 23 | €3,580 | €2,115 | -€1,465 | -40.9% |
| Furniture and vehicles | 24 | €4,536 | €1,193 | -€3,343 | -73.7% |
| Other tangible fixed assets | 26 | €174,966 | €171,243 | -€3,723 | -2.1% |
| Current assets | 29/58 | €147,740 | €95,689 | -€52,051 | -35.2% |
| Cash at bank and in hand | 54/58 | €145,746 | €93,797 | -€51,949 | -35.6% |
| Deferred charges and accrued income | 490/1 | €1,994 | €1,892 | -€102 | -5.1% |
| Total equity and liabilities | 10/49 | €1,088,336 | €1,011,789 | -€76,547 | -7.0% |
| Equity | 10/15 | €797,583 | €798,907 | +€1,324 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €735,583 | €736,907 | +€1,324 | +0.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €201,248 | €191,815 | -€9,433 | -4.7% |
| Distributable reserves | 133 | €528,135 | €538,892 | +€10,757 | +2.0% |
| Provisions and deferred taxes | 16 | €67,083 | €63,938 | -€3,145 | -4.7% |
| Deferred taxes | 168 | €67,083 | €63,938 | -€3,145 | -4.7% |
| Amounts payable | 17/49 | €223,670 | €148,944 | -€74,726 | -33.4% |
| Amounts payable after more than one year | 17 | €201,700 | €125,000 | -€76,700 | -38.0% |
| Financial debts | 170/4 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Other amounts payable | 178/9 | €1,700 | - | -€1,700 | |
| Amounts payable within one year | 42/48 | €20,069 | €22,946 | +€2,877 | +14.3% |
| Trade debts | 44 | €9,818 | €11,889 | +€2,071 | +21.1% |
| Suppliers | 440/4 | €9,818 | €11,889 | +€2,071 | +21.1% |
| Taxes, remuneration and social security | 45 | €3,595 | €6,605 | +€3,010 | +83.7% |
| Taxes | 450/3 | €3,595 | €6,605 | +€3,010 | +83.7% |
| Other amounts payable | 47/48 | €6,656 | €4,452 | -€2,204 | -33.1% |
| Accrued charges and deferred income | 492/3 | €1,901 | €998 | -€903 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,738 | €43,739 | +€1 | 0.0% |
| Other operating charges | 640/8 | €10,750 | €11,005 | +€255 | +2.4% |
| Gross operating margin | 9900 | €64,448 | €59,706 | -€4,742 | -7.4% |
| Operating profit (loss) | 9901 | €9,960 | €4,962 | -€4,998 | -50.2% |
| Financial income | 75/76B | €1,045 | - | -€1,045 | |
| Recurring financial income | 75 | €1,045 | - | -€1,045 | |
| Financial charges | 65/66B | €145 | €178 | +€33 | +22.8% |
| Recurring financial charges | 65 | €145 | €178 | +€33 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €10,860 | €4,784 | -€6,076 | -55.9% |
| Transfer from deferred taxes | 780 | €3,144 | €3,145 | +€1 | 0.0% |
| Income taxes | 67/77 | €3,908 | €6,605 | +€2,697 | +69.0% |
| Profit (loss) for the period | 9904 | €10,096 | €1,324 | -€8,772 | -86.9% |
| Transfer from tax-exempt reserves | 789 | €9,434 | €9,433 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,530 | €10,757 | -€8,773 | -44.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.