ACG1: 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.
ACG1
Largest movements
- Tangible fixed assets -€34,207
down €34,207 (-20.1%), from €170,156 to €135,949
of which Furniture and vehicles: -€17,724
- Intangible fixed assets -€26,081
down €26,081 (-16.3%), from €160,320 to €134,239
- Cash -€21,377
down €21,377 (-7.8%), from €275,519 to €254,142
mainly Advances received (-€100,000) and Debts after one year (-€79,309)
- Stocks and contracts +€17,529
up €17,529 (+2.3%), from €766,691 to €784,220
- Reserves +€141,089
up €141,089 (+28.9%), from €488,141 to €629,230
of which Distributable reserves: +€141,089
- Advances received -€100,000
down €100,000 (-96.2%), from €104,000 to €4,000
- Debts after one year -€79,309
down €79,309 (-37.3%), from €212,791 to €133,482
- Current portion of long-term debt -€67,466
down €67,466 (-39.1%), from €172,527 to €105,062
- Tax, wage and social debts +€60,412
up €60,412 (+238%), from €25,352 to €85,764
of which Taxes: +€57,642
- Gross operating margin +€84,591
up €84,591 (+23.2%), from €364,973 to €449,564
- Staff costs +€30,818
up €30,818 (+35.1%), from €87,685 to €118,503
- Depreciation +€25,227
up €25,227 (+36.6%), from €68,999 to €94,227
- Taxes +€14,048
up €14,048 (+26.2%), from €53,697 to €67,745
- Write-downs -€8,652
down €8,652, from €6,103 to -€2,549
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 | €1,430,391 | €1,380,119 | -€50,271 | -3.5% |
| Fixed assets | 21/28 | €343,470 | €283,183 | -€60,288 | -17.6% |
| Intangible fixed assets | 21 | €160,320 | €134,239 | -€26,081 | -16.3% |
| Tangible fixed assets | 22/27 | €170,156 | €135,949 | -€34,207 | -20.1% |
| Plant, machinery and equipment | 23 | €105,079 | €88,848 | -€16,231 | -15.4% |
| Furniture and vehicles | 24 | €64,303 | €46,579 | -€17,724 | -27.6% |
| Other tangible fixed assets | 26 | €774 | €522 | -€252 | -32.6% |
| Financial fixed assets | 28 | €12,995 | €12,995 | = | 0.0% |
| Current assets | 29/58 | €1,086,920 | €1,096,936 | +€10,016 | +0.9% |
| Stocks and contracts in progress | 3 | €766,691 | €784,220 | +€17,529 | +2.3% |
| Stocks | 30/36 | €766,691 | €784,220 | +€17,529 | +2.3% |
| Amounts receivable within one year | 40/41 | €40,712 | €48,758 | +€8,046 | +19.8% |
| Trade receivables | 40 | €36,686 | €44,732 | +€8,046 | +21.9% |
| Other amounts receivable | 41 | €4,026 | €4,026 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €275,519 | €254,142 | -€21,377 | -7.8% |
| Deferred charges and accrued income | 490/1 | €3,998 | €9,816 | +€5,818 | +146% |
| Total equity and liabilities | 10/49 | €1,430,391 | €1,380,119 | -€50,271 | -3.5% |
| Equity | 10/15 | €508,141 | €649,230 | +€141,089 | +27.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €488,141 | €629,230 | +€141,089 | +28.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €488,141 | €629,230 | +€141,089 | +28.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €922,250 | €730,889 | -€191,360 | -20.7% |
| Amounts payable after more than one year | 17 | €212,791 | €133,482 | -€79,309 | -37.3% |
| Financial debts | 170/4 | €212,791 | €133,482 | -€79,309 | -37.3% |
| Amounts payable within one year | 42/48 | €699,521 | €589,426 | -€110,095 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €172,527 | €105,062 | -€67,466 | -39.1% |
| Financial debts | 43 | €306,763 | €306,792 | +€29 | 0.0% |
| Credit institutions | 430/8 | €306,763 | €306,792 | +€29 | 0.0% |
| Trade debts | 44 | €90,879 | €87,808 | -€3,071 | -3.4% |
| Suppliers | 440/4 | €90,879 | €87,808 | -€3,071 | -3.4% |
| Advances received on contracts in progress | 46 | €104,000 | €4,000 | -€100,000 | -96.2% |
| Taxes, remuneration and social security | 45 | €25,352 | €85,764 | +€60,412 | +238% |
| Taxes | 450/3 | €10,598 | €68,240 | +€57,642 | +544% |
| Remuneration and social security | 454/9 | €14,753 | €17,523 | +€2,770 | +18.8% |
| Accrued charges and deferred income | 492/3 | €9,937 | €7,981 | -€1,957 | -19.7% |
| Remuneration, social security and pensions | 62 | €87,685 | €118,503 | +€30,818 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,999 | €94,227 | +€25,227 | +36.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,103 | -€2,549 | -€8,652 | |
| Other operating charges | 640/8 | €6,229 | €7,676 | +€1,447 | +23.2% |
| Gross operating margin | 9900 | €364,973 | €449,564 | +€84,591 | +23.2% |
| Operating profit (loss) | 9901 | €195,956 | €231,707 | +€35,751 | +18.2% |
| Financial income | 75/76B | €2,939 | €823 | -€2,116 | -72.0% |
| Recurring financial income | 75 | €2,939 | €823 | -€2,116 | -72.0% |
| Financial charges | 65/66B | €30,435 | €23,697 | -€6,738 | -22.1% |
| Recurring financial charges | 65 | €30,435 | €23,697 | -€6,738 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €168,460 | €208,834 | +€40,373 | +24.0% |
| Income taxes | 67/77 | €53,697 | €67,745 | +€14,048 | +26.2% |
| Profit (loss) for the period | 9904 | €114,763 | €141,089 | +€26,326 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,763 | €141,089 | +€26,326 | +22.9% |
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 15 October 2026 via checked.be.