ACB group: 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.
ACB group
Largest movements
- Financial fixed assets +€3.7m
up €3.7m (+77.1%), from €4.8m to €8.5m
- Cash -€472,102
down €472,102 (-91.8%), from €514,458 to €42,356
mainly Investment in fixed assets (net) (-€3.8m) and Other debts (-€785,000)
- Reserves +€2.5m
up €2.5m (+48.1%), from €5.3m to €7.8m
of which Distributable reserves: +€2.5m
- Debts after one year +€1.5m
up €1.5m (+82.8%), from €1.8m to €3.3m
- Other debts -€785,000
no longer reported in 2025 (was €785,000)
- Short-term financial debts +€617,256
up €617,256 (+84.7%), from €728,477 to €1.3m
- Current portion of long-term debt -€422,012
down €422,012 (-31.0%), from €1.4m to €937,988
- Gross operating margin -€1.8m
down €1.8m (-73.9%), from €2.4m to €624,771
- Taxes -€467,362
down €467,362, from €392,464 to -€74,899
- Financial income -€362,404
down €362,404 (-13.0%), from €2.8m to €2.4m
- Staff costs -€335,205
down €335,205 (-54.5%), from €615,094 to €279,890
- Other operating charges -€127,034
down €127,034 (-60.6%), from €209,660 to €82,625
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 | €10,315,843 | €13,554,636 | +€3.2m | +31.4% |
| Fixed assets | 21/28 | €8,689,757 | €12,485,051 | +€3.8m | +43.7% |
| Intangible fixed assets | 21 | - | €4,675 | +€4,675 | |
| Tangible fixed assets | 22/27 | €3,871,490 | €3,948,459 | +€76,968 | +2.0% |
| Land and buildings | 22 | €960,867 | €995,143 | +€34,276 | +3.6% |
| Plant, machinery and equipment | 23 | €10,706 | €6,941 | -€3,765 | -35.2% |
| Furniture and vehicles | 24 | €32,711 | €16,080 | -€16,631 | -50.8% |
| Other tangible fixed assets | 26 | €2,867,206 | €2,867,206 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €63,089 | +€63,089 | |
| Financial fixed assets | 28 | €4,818,267 | €8,531,918 | +€3.7m | +77.1% |
| Current assets | 29/58 | €1,626,085 | €1,069,584 | -€556,501 | -34.2% |
| Amounts receivable within one year | 40/41 | €803,739 | €841,794 | +€38,056 | +4.7% |
| Trade receivables | 40 | €474,297 | €101,173 | -€373,123 | -78.7% |
| Other amounts receivable | 41 | €329,442 | €740,621 | +€411,179 | +125% |
| Cash at bank and in hand | 54/58 | €514,458 | €42,356 | -€472,102 | -91.8% |
| Deferred charges and accrued income | 490/1 | €307,889 | €185,434 | -€122,454 | -39.8% |
| Total equity and liabilities | 10/49 | €10,315,843 | €13,554,636 | +€3.2m | +31.4% |
| Equity | 10/15 | €5,287,884 | €7,819,370 | +€2.5m | +47.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €5,267,884 | €7,799,370 | +€2.5m | +48.1% |
| Tax-exempt reserves | 132 | €463,100 | €463,100 | = | 0.0% |
| Distributable reserves | 133 | €4,804,784 | €7,336,270 | +€2.5m | +52.7% |
| Amounts payable | 17/49 | €5,027,959 | €5,735,266 | +€707,307 | +14.1% |
| Amounts payable after more than one year | 17 | €1,801,925 | €3,293,683 | +€1.5m | +82.8% |
| Financial debts | 170/4 | €1,801,925 | €3,293,683 | +€1.5m | +82.8% |
| Amounts payable within one year | 42/48 | €3,226,034 | €2,417,139 | -€808,895 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €1,360,000 | €937,988 | -€422,012 | -31.0% |
| Financial debts | 43 | €728,477 | €1,345,733 | +€617,256 | +84.7% |
| Credit institutions | 430/8 | €728,477 | €1,345,733 | +€617,256 | +84.7% |
| Trade debts | 44 | €295,481 | €74,657 | -€220,823 | -74.7% |
| Suppliers | 440/4 | €295,481 | €74,657 | -€220,823 | -74.7% |
| Taxes, remuneration and social security | 45 | €57,076 | €58,761 | +€1,685 | +3.0% |
| Taxes | 450/3 | €8,756 | €27,606 | +€18,850 | +215% |
| Remuneration and social security | 454/9 | €48,320 | €31,155 | -€17,165 | -35.5% |
| Other amounts payable | 47/48 | €785,000 | - | -€785,000 | |
| Accrued charges and deferred income | 492/3 | - | €24,443 | +€24,443 | |
| Non-recurring operating income | 76A | - | €2,326 | +€2,326 | |
| Remuneration, social security and pensions | 62 | €615,094 | €279,890 | -€335,205 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,574 | €51,484 | -€87,091 | -62.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,319 | - | -€75,319 | |
| Other operating charges | 640/8 | €209,660 | €82,625 | -€127,034 | -60.6% |
| Gross operating margin | 9900 | €2,393,481 | €624,771 | -€1.8m | -73.9% |
| Operating profit (loss) | 9901 | €1,354,833 | €210,772 | -€1.1m | -84.4% |
| Financial income | 75/76B | €2,786,154 | €2,423,750 | -€362,404 | -13.0% |
| Recurring financial income | 75 | €2,786,154 | €2,423,750 | -€362,404 | -13.0% |
| Financial charges | 65/66B | €245,457 | €177,934 | -€67,523 | -27.5% |
| Recurring financial charges | 65 | €245,457 | €177,934 | -€67,523 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €3,895,530 | €2,456,588 | -€1.4m | -36.9% |
| Income taxes | 67/77 | €392,464 | -€74,899 | -€467,362 | |
| Profit (loss) for the period | 9904 | €3,503,066 | €2,531,486 | -€971,580 | -27.7% |
| Transfer to tax-exempt reserves | 689 | €463,100 | - | -€463,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,039,966 | €2,531,486 | -€508,480 | -16.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.