ACG PERFORMANCE: 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.
ACG PERFORMANCE
Largest movements
- Cash +€367,085
up €367,085 (+699.0%), from €52,514 to €419,599
mainly Depreciation (+€390,976) and Net result for the year (+€366,122)
- Receivables within one year +€200,447
up €200,447 (+53.4%), from €375,698 to €576,145
of which Trade receivables: +€200,433
- Stocks and contracts -€97,246
down €97,246 (-58.2%), from €167,109 to €69,863
- Tangible fixed assets +€91,386
up €91,386 (+9.1%), from €1.0m to €1.1m
of which Land and buildings: +€213,972
- Financial fixed assets +€25,755
up €25,755 (+33798.9%), from €76 to €25,831
- Other debts +€366,122
new in 2025: €366,122
- Short-term financial debts +€200,000
new in 2025: €200,000
- Profit (loss) carried forward +€85,966
new in 2025: €85,966
- Reserves -€85,966
down €85,966 (-13.2%), from €650,966 to €565,000
of which Distributable reserves: -€85,966
- Tax, wage and social debts +€43,271
up €43,271 (+57.7%), from €75,020 to €118,291
of which Taxes: +€46,002
- Gross operating margin +€375,686
up €375,686 (+39.7%), from €945,916 to €1.3m
- Depreciation +€272,171
up €272,171 (+229.1%), from €118,805 to €390,976
- Staff costs +€124,277
up €124,277 (+43.9%), from €283,128 to €407,405
- Financial charges +€16,852
up €16,852 (+8097.3%), from €208 to €17,060
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 | €1,606,565 | €2,215,500 | +€608,935 | +37.9% |
| Fixed assets | 21/28 | €1,008,310 | €1,125,451 | +€117,141 | +11.6% |
| Tangible fixed assets | 22/27 | €1,008,234 | €1,099,620 | +€91,386 | +9.1% |
| Land and buildings | 22 | €190,635 | €404,607 | +€213,972 | +112.2% |
| Furniture and vehicles | 24 | €817,599 | €695,013 | -€122,586 | -15.0% |
| Financial fixed assets | 28 | €76 | €25,831 | +€25,755 | +33798.9% |
| Current assets | 29/58 | €598,255 | €1,090,049 | +€491,794 | +82.2% |
| Stocks and contracts in progress | 3 | €167,109 | €69,863 | -€97,246 | -58.2% |
| Stocks | 30/36 | €167,109 | €69,863 | -€97,246 | -58.2% |
| Amounts receivable within one year | 40/41 | €375,698 | €576,145 | +€200,447 | +53.4% |
| Trade receivables | 40 | €375,698 | €576,131 | +€200,433 | +53.3% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €52,514 | €419,599 | +€367,085 | +699.0% |
| Deferred charges and accrued income | 490/1 | €2,933 | €24,441 | +€21,508 | +733.2% |
| Total equity and liabilities | 10/49 | €1,606,565 | €2,215,500 | +€608,935 | +37.9% |
| Equity | 10/15 | €1,300,966 | €1,300,966 | +€0 | 0.0% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €650,966 | €565,000 | -€85,966 | -13.2% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Distributable reserves | 133 | €585,966 | €500,000 | -€85,966 | -14.7% |
| Profit (loss) carried forward | 14 | - | €85,966 | +€85,966 | |
| Amounts payable | 17/49 | €305,599 | €914,534 | +€608,935 | +199.3% |
| Amounts payable within one year | 42/48 | €304,580 | €912,325 | +€607,745 | +199.5% |
| Financial debts | 43 | - | €200,000 | +€200,000 | |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €229,560 | €227,912 | -€1,648 | -0.7% |
| Suppliers | 440/4 | €229,560 | €227,912 | -€1,648 | -0.7% |
| Taxes, remuneration and social security | 45 | €75,020 | €118,291 | +€43,271 | +57.7% |
| Taxes | 450/3 | €49,940 | €95,942 | +€46,002 | +92.1% |
| Remuneration and social security | 454/9 | €25,080 | €22,349 | -€2,731 | -10.9% |
| Other amounts payable | 47/48 | - | €366,122 | +€366,122 | |
| Accrued charges and deferred income | 492/3 | €1,019 | €2,209 | +€1,190 | +116.8% |
| Remuneration, social security and pensions | 62 | €283,128 | €407,405 | +€124,277 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,805 | €390,976 | +€272,171 | +229.1% |
| Other operating charges | 640/8 | €9,953 | €10,902 | +€950 | +9.5% |
| Gross operating margin | 9900 | €945,916 | €1,321,602 | +€375,686 | +39.7% |
| Operating profit (loss) | 9901 | €534,031 | €512,320 | -€21,711 | -4.1% |
| Financial income | 75/76B | €1,591 | €59 | -€1,532 | -96.3% |
| Recurring financial income | 75 | €1,591 | €59 | -€1,532 | -96.3% |
| Financial charges | 65/66B | €208 | €17,060 | +€16,852 | +8097.3% |
| Recurring financial charges | 65 | €208 | €17,060 | +€16,852 | +8097.3% |
| Profit (loss) for the period before taxes | 9903 | €535,414 | €495,319 | -€40,095 | -7.5% |
| Income taxes | 67/77 | €141,184 | €129,197 | -€11,988 | -8.5% |
| Profit (loss) for the period | 9904 | €394,230 | €366,122 | -€28,108 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €394,230 | €366,122 | -€28,108 | -7.1% |
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 3 October 2026 via checked.be.