ACB IMMO PROJECTS: 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.
ACB IMMO PROJECTS
Largest movements
- Receivables within one year -€15,758
down €15,758 (-36.2%), from €43,482 to €27,724
of which Trade receivables: -€11,718
- Cash -€11,993
down €11,993 (-62.7%), from €19,114 to €7,121
mainly Trade debts (-€39,110) and Investment in fixed assets (net) (-€31,737)
- Trade debts -€39,110
down €39,110 (-97.1%), from €40,259 to €1,150
- Profit (loss) carried forward +€7,739
up €7,739 (+19.6%), from €39,440 to €47,179
- Other debts +€5,976
up €5,976 (+100.0%), from €5,976 to €11,952
- Debts after one year -€5,217
down €5,217 (-1.5%), from €340,612 to €335,395
- Tax, wage and social debts +€4,659
new in 2025: €4,659
- Gross operating margin +€3,017
up €3,017 (+5.8%), from €51,796 to €54,813
- Depreciation -€2,825
down €2,825 (-9.0%), from €31,247 to €28,422
- Taxes +€940
new in 2025: €940
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 | €461,215 | €436,779 | -€24,436 | -5.3% |
| Fixed assets | 21/28 | €398,619 | €401,934 | +€3,315 | +0.8% |
| Tangible fixed assets | 22/27 | €398,619 | €401,934 | +€3,315 | +0.8% |
| Land and buildings | 22 | €398,619 | €373,859 | -€24,760 | -6.2% |
| Plant, machinery and equipment | 23 | - | €28,075 | +€28,075 | |
| Current assets | 29/58 | €62,596 | €34,845 | -€27,751 | -44.3% |
| Amounts receivable within one year | 40/41 | €43,482 | €27,724 | -€15,758 | -36.2% |
| Trade receivables | 40 | €37,946 | €26,227 | -€11,718 | -30.9% |
| Other amounts receivable | 41 | €5,536 | €1,496 | -€4,040 | -73.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €19,114 | €7,121 | -€11,993 | -62.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €461,215 | €436,779 | -€24,436 | -5.3% |
| Equity | 10/15 | €47,500 | €55,239 | +€7,739 | +16.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,440 | €47,179 | +€7,739 | +19.6% |
| Amounts payable | 17/49 | €413,715 | €381,540 | -€32,175 | -7.8% |
| Amounts payable after more than one year | 17 | €340,612 | €335,395 | -€5,217 | -1.5% |
| Financial debts | 170/4 | €340,612 | €335,395 | -€5,217 | -1.5% |
| Amounts payable within one year | 42/48 | €73,103 | €46,145 | -€26,958 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €26,868 | €28,384 | +€1,516 | +5.6% |
| Trade debts | 44 | €40,259 | €1,150 | -€39,110 | -97.1% |
| Suppliers | 440/4 | €40,259 | €1,150 | -€39,110 | -97.1% |
| Taxes, remuneration and social security | 45 | - | €4,659 | +€4,659 | |
| Taxes | 450/3 | - | €4,659 | +€4,659 | |
| Other amounts payable | 47/48 | €5,976 | €11,952 | +€5,976 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,247 | €28,422 | -€2,825 | -9.0% |
| Other operating charges | 640/8 | €5,667 | €5,435 | -€232 | -4.1% |
| Gross operating margin | 9900 | €51,796 | €54,813 | +€3,017 | +5.8% |
| Operating profit (loss) | 9901 | €14,882 | €20,957 | +€6,074 | +40.8% |
| Financial income | 75/76B | €232 | €0 | -€232 | -100.0% |
| Recurring financial income | 75 | €232 | €0 | -€232 | -100.0% |
| Financial charges | 65/66B | €12,425 | €12,277 | -€148 | -1.2% |
| Recurring financial charges | 65 | €12,425 | €12,277 | -€148 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €2,688 | €8,679 | +€5,991 | +222.9% |
| Income taxes | 67/77 | - | €940 | +€940 | |
| Profit (loss) for the period | 9904 | €2,688 | €7,739 | +€5,051 | +187.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,688 | €7,739 | +€5,051 | +187.9% |
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 30 September 2026 via checked.be.