ACBEL: 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.
ACBEL
Largest movements
- Receivables within one year +€85,999
up €85,999 (+728.1%), from €11,812 to €97,810
of which Trade receivables: +€61,301
- Cash +€4,679
up €4,679 (+27.6%), from €16,928 to €21,607
- Tangible fixed assets +€1,776
new in 2025: €1,776
- Trade debts +€50,938
up €50,938 (+318.0%), from €16,017 to €66,956
- Tax, wage and social debts +€23,776
up €23,776 (+354.9%), from €6,699 to €30,475
of which Remuneration and social security: +€15,715
- Profit (loss) carried forward +€12,614
up €12,614 (+239.2%), from €5,274 to €17,887
- Other debts +€6,126
new in 2025: €6,126
- Gross operating margin +€32,801
up €32,801 (+112.3%), from €29,197 to €61,998
- Staff costs +€12,941
up €12,941 (+57.5%), from €22,523 to €35,465
- Financial charges +€5,812
up €5,812 (+7108.9%), from €82 to €5,893
- Taxes +€4,300
up €4,300 (+326.2%), from €1,318 to €5,619
- Depreciation +€1,261
new in 2025: €1,261
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,990 | €124,443 | +€93,453 | +301.6% |
| Fixed assets | 21/28 | €2,250 | €5,026 | +€2,776 | +123.4% |
| Tangible fixed assets | 22/27 | - | €1,776 | +€1,776 | |
| Furniture and vehicles | 24 | - | €1,776 | +€1,776 | |
| Financial fixed assets | 28 | €2,250 | €3,250 | +€1,000 | +44.4% |
| Current assets | 29/58 | €28,740 | €119,417 | +€90,677 | +315.5% |
| Amounts receivable within one year | 40/41 | €11,812 | €97,810 | +€85,999 | +728.1% |
| Trade receivables | 40 | €6,510 | €67,810 | +€61,301 | +941.7% |
| Other amounts receivable | 41 | €5,302 | €30,000 | +€24,698 | +465.8% |
| Cash at bank and in hand | 54/58 | €16,928 | €21,607 | +€4,679 | +27.6% |
| Total equity and liabilities | 10/49 | €30,990 | €124,443 | +€93,453 | +301.6% |
| Equity | 10/15 | €8,274 | €20,887 | +€12,614 | +152.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,274 | €17,887 | +€12,614 | +239.2% |
| Amounts payable | 17/49 | €22,716 | €103,556 | +€80,840 | +355.9% |
| Amounts payable within one year | 42/48 | €22,716 | €103,556 | +€80,840 | +355.9% |
| Trade debts | 44 | €16,017 | €66,956 | +€50,938 | +318.0% |
| Suppliers | 440/4 | €16,017 | €66,956 | +€50,938 | +318.0% |
| Taxes, remuneration and social security | 45 | €6,699 | €30,475 | +€23,776 | +354.9% |
| Taxes | 450/3 | €1,318 | €9,379 | +€8,061 | +611.4% |
| Remuneration and social security | 454/9 | €5,380 | €21,095 | +€15,715 | +292.1% |
| Other amounts payable | 47/48 | - | €6,126 | +€6,126 | |
| Remuneration, social security and pensions | 62 | €22,523 | €35,465 | +€12,941 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,261 | +€1,261 | |
| Other operating charges | 640/8 | - | €1,147 | +€1,147 | |
| Gross operating margin | 9900 | €29,197 | €61,998 | +€32,801 | +112.3% |
| Operating profit (loss) | 9901 | €6,674 | €24,125 | +€17,452 | +261.5% |
| Financial charges | 65/66B | €82 | €5,893 | +€5,812 | +7108.9% |
| Recurring financial charges | 65 | €82 | €5,893 | +€5,812 | +7108.9% |
| Profit (loss) for the period before taxes | 9903 | €6,592 | €18,232 | +€11,640 | +176.6% |
| Income taxes | 67/77 | €1,318 | €5,619 | +€4,300 | +326.2% |
| Profit (loss) for the period | 9904 | €5,274 | €12,614 | +€7,340 | +139.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,274 | €12,614 | +€7,340 | +139.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.