ACD-PLAFONDS: 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.
ACD-PLAFONDS
Largest movements
- Tangible fixed assets +€41,357
up €41,357 (+221%), from €18,736 to €60,093
of which Furniture and vehicles: +€42,220
- Receivables within one year +€16,167
up €16,167 (+11.5%), from €141,140 to €157,307
of which Trade receivables: +€14,598
- Trade debts +€47,592
up €47,592 (+40.9%), from €116,224 to €163,817
- Tax, wage and social debts +€39,992
up €39,992 (+454%), from €8,802 to €48,793
- Accrued charges and deferred income -€27,382
down €27,382 (-90.3%), from €30,310 to €2,928
- Debts after one year +€17,870
up €17,870 (+115%), from €15,539 to €33,409
- Profit (loss) carried forward -€10,454
no longer reported in 2025 (was €10,454)
- Gross operating margin +€23,889
up €23,889 (+38.2%), from €62,543 to €86,432
- Depreciation -€21,622
down €21,622 (-71.0%), from €30,445 to €8,823
- Taxes +€7,214
up €7,214 (+80.0%), from €9,019 to €16,233
- Other operating charges +€1,241
up €1,241 (+26.4%), from €4,707 to €5,948
- Financial charges +€1,128
up €1,128 (+45.0%), from €2,506 to €3,634
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 | €251,048 | €304,847 | +€53,800 | +21.4% |
| Fixed assets | 21/28 | €27,826 | €69,183 | +€41,357 | +149% |
| Tangible fixed assets | 22/27 | €18,736 | €60,093 | +€41,357 | +221% |
| Plant, machinery and equipment | 23 | €4,782 | €3,920 | -€862 | -18.0% |
| Furniture and vehicles | 24 | €13,954 | €56,173 | +€42,220 | +303% |
| Financial fixed assets | 28 | €9,090 | €9,090 | = | 0.0% |
| Current assets | 29/58 | €223,222 | €235,665 | +€12,442 | +5.6% |
| Stocks and contracts in progress | 3 | €49,353 | €49,353 | = | 0.0% |
| Stocks | 30/36 | €49,353 | €49,353 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141,140 | €157,307 | +€16,167 | +11.5% |
| Trade receivables | 40 | €79,132 | €93,730 | +€14,598 | +18.4% |
| Other amounts receivable | 41 | €62,009 | €63,577 | +€1,568 | +2.5% |
| Current investments | 50/53 | €6,357 | €6,357 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,127 | €18,930 | -€2,197 | -10.4% |
| Deferred charges and accrued income | 490/1 | €5,245 | €3,718 | -€1,527 | -29.1% |
| Total equity and liabilities | 10/49 | €251,048 | €304,847 | +€53,800 | +21.4% |
| Equity | 10/15 | €49,049 | €32,013 | -€17,036 | -34.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,995 | €13,413 | -€6,582 | -32.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,135 | €11,553 | -€6,582 | -36.3% |
| Profit (loss) carried forward | 14 | €10,454 | - | -€10,454 | |
| Amounts payable | 17/49 | €201,999 | €272,834 | +€70,836 | +35.1% |
| Amounts payable after more than one year | 17 | €15,539 | €33,409 | +€17,870 | +115% |
| Financial debts | 170/4 | €15,539 | €33,409 | +€17,870 | +115% |
| Amounts payable within one year | 42/48 | €156,150 | €236,498 | +€80,348 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €23,624 | €23,108 | -€515 | -2.2% |
| Trade debts | 44 | €116,224 | €163,817 | +€47,592 | +40.9% |
| Suppliers | 440/4 | €116,224 | €163,817 | +€47,592 | +40.9% |
| Taxes, remuneration and social security | 45 | €8,802 | €48,793 | +€39,992 | +454% |
| Taxes | 450/3 | €8,802 | €48,793 | +€39,992 | +454% |
| Other amounts payable | 47/48 | €7,500 | €779 | -€6,721 | -89.6% |
| Accrued charges and deferred income | 492/3 | €30,310 | €2,928 | -€27,382 | -90.3% |
| Non-recurring operating income | 76A | - | €8,743 | +€8,743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,445 | €8,823 | -€21,622 | -71.0% |
| Other operating charges | 640/8 | €4,707 | €5,948 | +€1,241 | +26.4% |
| Non-recurring operating charges | 66A | - | €11,448 | +€11,448 | |
| Gross operating margin | 9900 | €62,543 | €86,432 | +€23,889 | +38.2% |
| Operating profit (loss) | 9901 | €27,390 | €60,214 | +€32,823 | +120% |
| Financial income | 75/76B | €3 | €118 | +€115 | +3,693% |
| Recurring financial income | 75 | €3 | €118 | +€115 | +3,693% |
| Financial charges | 65/66B | €2,506 | €3,634 | +€1,128 | +45.0% |
| Recurring financial charges | 65 | €2,506 | €3,634 | +€1,128 | +45.0% |
| Profit (loss) for the period before taxes | 9903 | €24,888 | €56,697 | +€31,810 | +128% |
| Income taxes | 67/77 | €9,019 | €16,233 | +€7,214 | +80.0% |
| Profit (loss) for the period | 9904 | €15,869 | €40,464 | +€24,595 | +155% |
| Profit (loss) for the period to be appropriated | 9905 | €15,869 | €40,464 | +€24,595 | +155% |
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 22 October 2026 via checked.be.