ACBETRA: 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.
ACBETRA
Largest movements
- Cash +€63,412
up €63,412 (+525%), from €12,068 to €75,480
mainly Tax, wage and social debts (+€29,947) and Receivables within one year (+€22,707)
- Receivables within one year -€22,707
down €22,707 (-37.2%), from €60,985 to €38,278
of which Trade receivables: -€22,715
- Tangible fixed assets -€11,025
down €11,025 (-3.1%), from €353,908 to €342,883
of which Land and buildings: -€9,773
- Tax, wage and social debts +€29,947
up €29,947 (+755%), from €3,965 to €33,912
of which Remuneration and social security: +€25,180
- Debts after one year -€15,798
down €15,798 (-5.8%), from €273,895 to €258,097
- Reserves +€12,461
up €12,461 (+300%), from €4,148 to €16,609
of which Distributable reserves: +€12,461
- Trade debts +€7,961
up €7,961 (+56.5%), from €14,097 to €22,058
- Other debts -€4,853
down €4,853 (-5.9%), from €81,801 to €76,948
- Gross operating margin +€18,256
up €18,256 (+60.2%), from €30,331 to €48,587
- Other operating charges -€5,945
down €5,945 (-63.8%), from €9,318 to €3,373
- Depreciation +€5,839
up €5,839 (+48.2%), from €12,116 to €17,955
- Financial charges +€3,119
up €3,119 (+31.6%), from €9,867 to €12,986
- Write-downs -€543
no longer reported in 2025 (was €543)
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 | €430,538 | €458,947 | +€28,409 | +6.6% |
| Fixed assets | 21/28 | €354,118 | €343,093 | -€11,025 | -3.1% |
| Tangible fixed assets | 22/27 | €353,908 | €342,883 | -€11,025 | -3.1% |
| Land and buildings | 22 | €330,773 | €321,000 | -€9,773 | -3.0% |
| Plant, machinery and equipment | 23 | €14,159 | €9,248 | -€4,911 | -34.7% |
| Furniture and vehicles | 24 | €8,976 | €12,635 | +€3,659 | +40.8% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €76,420 | €115,854 | +€39,434 | +51.6% |
| Stocks and contracts in progress | 3 | €1,779 | €1,779 | = | 0.0% |
| Stocks | 30/36 | €1,779 | €1,779 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,985 | €38,278 | -€22,707 | -37.2% |
| Trade receivables | 40 | €60,979 | €38,264 | -€22,715 | -37.3% |
| Other amounts receivable | 41 | €6 | €14 | +€8 | +133% |
| Cash at bank and in hand | 54/58 | €12,068 | €75,480 | +€63,412 | +525% |
| Deferred charges and accrued income | 490/1 | €1,588 | €317 | -€1,271 | -80.0% |
| Total equity and liabilities | 10/49 | €430,538 | €458,947 | +€28,409 | +6.6% |
| Equity | 10/15 | -€5,458 | €7,047 | +€12,505 | |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €4,148 | €16,609 | +€12,461 | +300% |
| Tax-exempt reserves | 132 | €4,148 | €4,148 | = | 0.0% |
| Distributable reserves | 133 | - | €12,461 | +€12,461 | |
| Profit (loss) carried forward | 14 | -€37,106 | -€37,062 | +€44 | +0.1% |
| Amounts payable | 17/49 | €435,996 | €451,900 | +€15,904 | +3.6% |
| Amounts payable after more than one year | 17 | €273,895 | €258,097 | -€15,798 | -5.8% |
| Financial debts | 170/4 | €273,895 | €258,097 | -€15,798 | -5.8% |
| Amounts payable within one year | 42/48 | €162,101 | €193,803 | +€31,702 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €15,151 | €15,798 | +€647 | +4.3% |
| Financial debts | 43 | €47,087 | €45,087 | -€2,000 | -4.2% |
| Credit institutions | 430/8 | €2,237 | €2,236 | -€1 | 0.0% |
| Other loans | 439 | €44,850 | €42,851 | -€1,999 | -4.5% |
| Trade debts | 44 | €14,097 | €22,058 | +€7,961 | +56.5% |
| Suppliers | 440/4 | €14,097 | €22,058 | +€7,961 | +56.5% |
| Taxes, remuneration and social security | 45 | €3,965 | €33,912 | +€29,947 | +755% |
| Taxes | 450/3 | €3,965 | €8,732 | +€4,767 | +120% |
| Remuneration and social security | 454/9 | - | €25,180 | +€25,180 | |
| Other amounts payable | 47/48 | €81,801 | €76,948 | -€4,853 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,116 | €17,955 | +€5,839 | +48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €543 | - | -€543 | |
| Other operating charges | 640/8 | €9,318 | €3,373 | -€5,945 | -63.8% |
| Gross operating margin | 9900 | €30,331 | €48,587 | +€18,256 | +60.2% |
| Operating profit (loss) | 9901 | €8,354 | €27,259 | +€18,905 | +226% |
| Financial charges | 65/66B | €9,867 | €12,986 | +€3,119 | +31.6% |
| Recurring financial charges | 65 | €9,867 | €12,986 | +€3,119 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,513 | €14,273 | +€15,786 | |
| Income taxes | 67/77 | €1,327 | €1,812 | +€485 | +36.5% |
| Profit (loss) for the period | 9904 | -€2,840 | €12,461 | +€15,301 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,840 | €12,461 | +€15,301 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.