ACBSP: 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.
ACBSP
Largest movements
- Tangible fixed assets +€49,028
up €49,028 (+6.0%), from €813,158 to €862,186
of which Land and buildings: +€49,723
- Other debts +€128,657
up €128,657 (+28.9%), from €444,452 to €573,109
- Debts after one year -€54,728
down €54,728 (-52.1%), from €104,946 to €50,218
- Reserves -€27,267
down €27,267 (-17.7%), from €154,329 to €127,062
of which Distributable reserves: -€27,267
- Gross operating margin -€9,785
down €9,785 (-48.5%), from €20,175 to €10,390
- Financial charges -€3,197
down €3,197 (-39.2%), from €8,157 to €4,960
- Other operating charges +€2,085
up €2,085 (+41.7%), from €4,999 to €7,084
- Depreciation +€1,599
up €1,599 (+6.8%), from €23,584 to €25,183
- Taxes +€430
new in 2025: €430
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 | €820,330 | €869,003 | +€48,673 | +5.9% |
| Fixed assets | 21/28 | €813,158 | €862,186 | +€49,028 | +6.0% |
| Tangible fixed assets | 22/27 | €813,158 | €862,186 | +€49,028 | +6.0% |
| Land and buildings | 22 | €812,351 | €862,074 | +€49,723 | +6.1% |
| Plant, machinery and equipment | 23 | €807 | €112 | -€695 | -86.1% |
| Current assets | 29/58 | €7,172 | €6,817 | -€355 | -4.9% |
| Amounts receivable within one year | 40/41 | €4,788 | €5,027 | +€239 | +5.0% |
| Trade receivables | 40 | - | €4,027 | +€4,027 | |
| Other amounts receivable | 41 | €4,788 | €1,000 | -€3,788 | -79.1% |
| Cash at bank and in hand | 54/58 | €2,384 | €1,790 | -€594 | -24.9% |
| Total equity and liabilities | 10/49 | €820,330 | €869,003 | +€48,673 | +5.9% |
| Equity | 10/15 | €216,329 | €189,062 | -€27,267 | -12.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €154,329 | €127,062 | -€27,267 | -17.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €148,129 | €120,862 | -€27,267 | -18.4% |
| Amounts payable | 17/49 | €604,001 | €679,941 | +€75,940 | +12.6% |
| Amounts payable after more than one year | 17 | €104,946 | €50,218 | -€54,728 | -52.1% |
| Financial debts | 170/4 | €104,946 | €50,218 | -€54,728 | -52.1% |
| Amounts payable within one year | 42/48 | €499,055 | €629,723 | +€130,668 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €49,051 | €52,858 | +€3,807 | +7.8% |
| Trade debts | 44 | €5,552 | €3,326 | -€2,226 | -40.1% |
| Suppliers | 440/4 | €5,552 | €3,326 | -€2,226 | -40.1% |
| Taxes, remuneration and social security | 45 | - | €430 | +€430 | |
| Taxes | 450/3 | - | €430 | +€430 | |
| Other amounts payable | 47/48 | €444,452 | €573,109 | +€128,657 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,584 | €25,183 | +€1,599 | +6.8% |
| Other operating charges | 640/8 | €4,999 | €7,084 | +€2,085 | +41.7% |
| Gross operating margin | 9900 | €20,175 | €10,390 | -€9,785 | -48.5% |
| Operating profit (loss) | 9901 | -€8,408 | -€21,877 | -€13,469 | -160.2% |
| Financial charges | 65/66B | €8,157 | €4,960 | -€3,197 | -39.2% |
| Recurring financial charges | 65 | €8,157 | €4,960 | -€3,197 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,565 | -€26,837 | -€10,272 | -62.0% |
| Income taxes | 67/77 | - | €430 | +€430 | |
| Profit (loss) for the period | 9904 | -€16,565 | -€27,267 | -€10,702 | -64.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,565 | -€27,267 | -€10,702 | -64.6% |
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 2 October 2026 via checked.be.