ACDM: 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.
ACDM
Largest movements
- Cash +€21,786
up €21,786 (+13.7%), from €159,012 to €180,798
mainly Net result for the year (+€19,506) and Other debts (+€19,360)
- Receivables within one year +€15,037
up €15,037 (+44.1%), from €34,075 to €49,112
of which Trade receivables: +€20,092
- Tangible fixed assets -€9,283
down €9,283 (-36.9%), from €25,174 to €15,891
of which Leasing and similar rights: -€6,774
- Other debts +€19,360
up €19,360 (+155.6%), from €12,440 to €31,801
- Reserves +€10,237
up €10,237 (+5.9%), from €172,318 to €182,555
of which Distributable reserves: +€10,237
- Current portion of long-term debt -€9,551
down €9,551 (-100.0%), from €9,551 to €0
- Tax, wage and social debts +€7,387
up €7,387 (+181.1%), from €4,078 to €11,465
of which Taxes: +€5,518
- Depreciation -€7,201
down €7,201 (-36.8%), from €19,580 to €12,378
- Gross operating margin -€5,558
down €5,558 (-12.0%), from €46,286 to €40,728
- Financial income +€774
up €774 (+115.2%), from €672 to €1,447
- Financial charges +€656
up €656 (+84.1%), from €780 to €1,435
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 | €220,407 | €248,036 | +€27,629 | +12.5% |
| Fixed assets | 21/28 | €25,174 | €15,891 | -€9,283 | -36.9% |
| Tangible fixed assets | 22/27 | €25,174 | €15,891 | -€9,283 | -36.9% |
| Plant, machinery and equipment | 23 | €796 | €215 | -€581 | -73.0% |
| Furniture and vehicles | 24 | €12,453 | €9,550 | -€2,903 | -23.3% |
| Leasing and similar rights | 25 | €6,774 | €0 | -€6,774 | -100.0% |
| Other tangible fixed assets | 26 | €5,150 | €6,126 | +€976 | +18.9% |
| Current assets | 29/58 | €195,233 | €232,144 | +€36,912 | +18.9% |
| Amounts receivable within one year | 40/41 | €34,075 | €49,112 | +€15,037 | +44.1% |
| Trade receivables | 40 | €29,020 | €49,112 | +€20,092 | +69.2% |
| Other amounts receivable | 41 | €5,055 | €0 | -€5,055 | -100.0% |
| Cash at bank and in hand | 54/58 | €159,012 | €180,798 | +€21,786 | +13.7% |
| Deferred charges and accrued income | 490/1 | €2,146 | €2,234 | +€88 | +4.1% |
| Total equity and liabilities | 10/49 | €220,407 | €248,036 | +€27,629 | +12.5% |
| Equity | 10/15 | €190,868 | €201,105 | +€10,237 | +5.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €172,318 | €182,555 | +€10,237 | +5.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €172,318 | €182,555 | +€10,237 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €29,539 | €46,931 | +€17,392 | +58.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €29,346 | €45,826 | +€16,480 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €9,551 | €0 | -€9,551 | -100.0% |
| Financial debts | 43 | €134 | €0 | -€134 | -100.0% |
| Credit institutions | 430/8 | €134 | €0 | -€134 | -100.0% |
| Trade debts | 44 | €3,143 | €2,561 | -€582 | -18.5% |
| Suppliers | 440/4 | €3,143 | €2,561 | -€582 | -18.5% |
| Taxes, remuneration and social security | 45 | €4,078 | €11,465 | +€7,387 | +181.1% |
| Taxes | 450/3 | €2,375 | €7,893 | +€5,518 | +232.3% |
| Remuneration and social security | 454/9 | €1,703 | €3,571 | +€1,869 | +109.8% |
| Other amounts payable | 47/48 | €12,440 | €31,801 | +€19,360 | +155.6% |
| Accrued charges and deferred income | 492/3 | €193 | €1,105 | +€911 | +471.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,580 | €12,378 | -€7,201 | -36.8% |
| Other operating charges | 640/8 | €1,201 | €1,307 | +€106 | +8.8% |
| Gross operating margin | 9900 | €46,286 | €40,728 | -€5,558 | -12.0% |
| Operating profit (loss) | 9901 | €25,505 | €27,043 | +€1,538 | +6.0% |
| Financial income | 75/76B | €672 | €1,447 | +€774 | +115.2% |
| Recurring financial income | 75 | €672 | €1,447 | +€774 | +115.2% |
| Financial charges | 65/66B | €780 | €1,435 | +€656 | +84.1% |
| Recurring financial charges | 65 | €780 | €1,435 | +€656 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €25,398 | €27,054 | +€1,656 | +6.5% |
| Income taxes | 67/77 | €7,133 | €7,548 | +€415 | +5.8% |
| Profit (loss) for the period | 9904 | €18,265 | €19,506 | +€1,241 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,265 | €19,506 | +€1,241 | +6.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.