ACAZI: what changed
Two fiscal 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.
ACAZI
Largest movements
- Receivables within one year +€33,190
up €33,190 (+6277.0%), from €529 to €33,719
of which Trade receivables: +€30,643
- Cash +€4,566
up €4,566 (+56855.5%), from €8 to €4,574
mainly Other debts (+€192,033) and Trade debts (+€3,650)
- Other debts +€192,033
up €192,033 (+475.3%), from €40,404 to €232,437
- Debts after one year -€123,877
down €123,877 (-100.0%), from €123,877 to €0
- Current portion of long-term debt -€25,881
down €25,881 (-100.0%), from €25,881 to €0
- Profit (loss) carried forward -€10,021
down €10,021 (-70.9%), from -€14,137 to -€24,158
- Trade debts +€3,650
new in 2025: €3,650
- Depreciation -€2,430
down €2,430 (-100.0%), from €2,430 to €0
- Financial charges -€1,807
down €1,807 (-15.8%), from €11,433 to €9,626
- Gross operating margin -€859
down €859 (-48.0%), from €1,790 to €931
- Other operating charges -€738
down €738 (-35.8%), from €2,064 to €1,326
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 | €200,537 | €238,293 | +€37,756 | +18.8% |
| Fixed assets | 21/28 | €200,000 | €200,000 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €537 | €38,293 | +€37,756 | +7033.7% |
| Amounts receivable within one year | 40/41 | €529 | €33,719 | +€33,190 | +6277.0% |
| Trade receivables | 40 | €529 | €31,172 | +€30,643 | +5795.3% |
| Other amounts receivable | 41 | - | €2,547 | +€2,547 | |
| Cash at bank and in hand | 54/58 | €8 | €4,574 | +€4,566 | +56855.5% |
| Total equity and liabilities | 10/49 | €200,537 | €238,293 | +€37,756 | +18.8% |
| Equity | 10/15 | €5,863 | -€4,158 | -€10,021 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,137 | -€24,158 | -€10,021 | -70.9% |
| Amounts payable | 17/49 | €194,674 | €242,451 | +€47,777 | +24.5% |
| Amounts payable after more than one year | 17 | €123,877 | €0 | -€123,877 | -100.0% |
| Financial debts | 170/4 | €123,877 | €0 | -€123,877 | -100.0% |
| Amounts payable within one year | 42/48 | €70,796 | €242,451 | +€171,655 | +242.5% |
| Current portion of amounts payable after more than one year | 42 | €25,881 | €0 | -€25,881 | -100.0% |
| Trade debts | 44 | - | €3,650 | +€3,650 | |
| Suppliers | 440/4 | - | €3,650 | +€3,650 | |
| Taxes, remuneration and social security | 45 | €4,512 | €6,365 | +€1,853 | +41.1% |
| Taxes | 450/3 | €4,512 | €6,365 | +€1,853 | +41.1% |
| Other amounts payable | 47/48 | €40,404 | €232,437 | +€192,033 | +475.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,430 | €0 | -€2,430 | -100.0% |
| Other operating charges | 640/8 | €2,064 | €1,326 | -€738 | -35.8% |
| Gross operating margin | 9900 | €1,790 | €931 | -€859 | -48.0% |
| Operating profit (loss) | 9901 | -€2,704 | -€395 | +€2,309 | +85.4% |
| Financial charges | 65/66B | €11,433 | €9,626 | -€1,807 | -15.8% |
| Recurring financial charges | 65 | €11,433 | €9,626 | -€1,807 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,137 | -€10,021 | +€4,116 | +29.1% |
| Profit (loss) for the period | 9904 | -€14,137 | -€10,021 | +€4,116 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,137 | -€10,021 | +€4,116 | +29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.