ACERTO: 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.
ACERTO
Largest movements
- Cash +€59,474
up €59,474 (+1151.4%), from €5,165 to €64,639
mainly Debts after one year (+€37,503) and Net result for the year (+€34,525)
- Receivables within one year +€49,632
up €49,632 (+64.0%), from €77,513 to €127,145
of which Other amounts receivable: +€52,413
- Tangible fixed assets -€9,203
down €9,203 (-24.3%), from €37,865 to €28,661
of which Furniture and vehicles: -€8,516
- Debts after one year +€37,503
up €37,503 (+149.2%), from €25,143 to €62,646
of which Financial debts: +€45,956
- Profit (loss) carried forward +€34,525
up €34,525 (+88.6%), from €38,971 to €73,496
- Current portion of long-term debt +€20,012
up €20,012 (+292.2%), from €6,849 to €26,861
- Tax, wage and social debts +€4,553
up €4,553 (+3.9%), from €117,501 to €122,054
- Trade debts +€3,603
up €3,603 (+98.8%), from €3,647 to €7,249
- Gross operating margin -€48,677
down €48,677 (-46.9%), from €103,833 to €55,156
- Taxes -€11,943
down €11,943 (-47.4%), from €25,199 to €13,255
- Financial charges -€4,001
down €4,001 (-53.3%), from €7,510 to €3,509
- Financial income +€3,176
up €3,176 (+63.5%), from €4,998 to €8,174
- Other operating charges -€2,211
down €2,211 (-59.5%), from €3,718 to €1,506
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 | €219,623 | €320,218 | +€100,595 | +45.8% |
| Fixed assets | 21/28 | €37,865 | €28,661 | -€9,203 | -24.3% |
| Tangible fixed assets | 22/27 | €37,865 | €28,661 | -€9,203 | -24.3% |
| Plant, machinery and equipment | 23 | €2,282 | €1,595 | -€688 | -30.1% |
| Furniture and vehicles | 24 | €35,582 | €27,067 | -€8,516 | -23.9% |
| Current assets | 29/58 | €181,758 | €291,557 | +€109,799 | +60.4% |
| Amounts receivable after more than one year | 29 | €98,648 | €98,648 | = | 0.0% |
| Other amounts receivable | 291 | €98,648 | €98,648 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €77,513 | €127,145 | +€49,632 | +64.0% |
| Trade receivables | 40 | €7,838 | €5,057 | -€2,781 | -35.5% |
| Other amounts receivable | 41 | €69,674 | €122,088 | +€52,413 | +75.2% |
| Cash at bank and in hand | 54/58 | €5,165 | €64,639 | +€59,474 | +1151.4% |
| Deferred charges and accrued income | 490/1 | €432 | €1,125 | +€693 | +160.5% |
| Total equity and liabilities | 10/49 | €219,623 | €320,218 | +€100,595 | +45.8% |
| Equity | 10/15 | €66,471 | €100,996 | +€34,525 | +51.9% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,971 | €73,496 | +€34,525 | +88.6% |
| Amounts payable | 17/49 | €153,152 | €219,222 | +€66,070 | +43.1% |
| Amounts payable after more than one year | 17 | €25,143 | €62,646 | +€37,503 | +149.2% |
| Financial debts | 170/4 | - | €45,956 | +€45,956 | |
| Trade debts | 175 | €25,143 | €16,690 | -€8,453 | -33.6% |
| Amounts payable within one year | 42/48 | €127,997 | €156,164 | +€28,167 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €6,849 | €26,861 | +€20,012 | +292.2% |
| Trade debts | 44 | €3,647 | €7,249 | +€3,603 | +98.8% |
| Suppliers | 440/4 | €3,647 | €7,249 | +€3,603 | +98.8% |
| Taxes, remuneration and social security | 45 | €117,501 | €122,054 | +€4,553 | +3.9% |
| Taxes | 450/3 | €117,501 | €122,054 | +€4,553 | +3.9% |
| Accrued charges and deferred income | 492/3 | €13 | €412 | +€400 | +3164.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,010 | €10,533 | +€524 | +5.2% |
| Other operating charges | 640/8 | €3,718 | €1,506 | -€2,211 | -59.5% |
| Gross operating margin | 9900 | €103,833 | €55,156 | -€48,677 | -46.9% |
| Operating profit (loss) | 9901 | €90,106 | €43,116 | -€46,990 | -52.1% |
| Financial income | 75/76B | €4,998 | €8,174 | +€3,176 | +63.5% |
| Recurring financial income | 75 | €4,998 | €8,174 | +€3,176 | +63.5% |
| Financial charges | 65/66B | €7,510 | €3,509 | -€4,001 | -53.3% |
| Recurring financial charges | 65 | €7,510 | €3,509 | -€4,001 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €87,594 | €47,781 | -€39,813 | -45.5% |
| Income taxes | 67/77 | €25,199 | €13,255 | -€11,943 | -47.4% |
| Profit (loss) for the period | 9904 | €62,395 | €34,525 | -€27,870 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,395 | €34,525 | -€27,870 | -44.7% |
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 4 October 2026 via checked.be.