ACGS: 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.
ACGS
Largest movements
- Receivables within one year -€9,571
down €9,571 (-12.0%), from €79,586 to €70,015
of which Other amounts receivable: -€13,868
- Tangible fixed assets -€4,423
down €4,423 (-19.0%), from €23,236 to €18,813
- Deferred charges and accrued income -€1,868
down €1,868 (-66.6%), from €2,806 to €938
- Cash -€1,181
down €1,181 (-100.0%), from €1,181 to €0
mainly Net result for the year (-€19,608) and Debts after one year (-€9,658)
- Profit (loss) carried forward -€19,608
down €19,608 (-60.1%), from -€32,598 to -€52,206
- Other debts +€18,208
new in 2025: €18,208
- Debts after one year -€9,658
down €9,658 (-54.7%), from €17,659 to €8,002
- Tax, wage and social debts -€5,603
down €5,603 (-69.0%), from €8,126 to €2,523
- Current portion of long-term debt +€2,635
up €2,635 (+51.5%), from €5,112 to €7,748
- Gross operating margin -€12,960
down €12,960, from €1,670 to -€11,291
- Depreciation +€4,077
up €4,077 (+207.8%), from €1,962 to €6,040
- Other operating charges +€744
up €744 (+250.6%), from €297 to €1,041
- Financial charges -€293
down €293 (-19.7%), from €1,482 to €1,189
- Taxes -€133
down €133 (-93.3%), from €142 to €10
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 | €106,900 | €89,857 | -€17,042 | -15.9% |
| Fixed assets | 21/28 | €23,327 | €18,904 | -€4,423 | -19.0% |
| Tangible fixed assets | 22/27 | €23,236 | €18,813 | -€4,423 | -19.0% |
| Furniture and vehicles | 24 | €23,236 | €18,813 | -€4,423 | -19.0% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €83,573 | €70,953 | -€12,620 | -15.1% |
| Amounts receivable within one year | 40/41 | €79,586 | €70,015 | -€9,571 | -12.0% |
| Trade receivables | 40 | €65,211 | €69,507 | +€4,296 | +6.6% |
| Other amounts receivable | 41 | €14,375 | €508 | -€13,868 | -96.5% |
| Cash at bank and in hand | 54/58 | €1,181 | €0 | -€1,181 | -100.0% |
| Deferred charges and accrued income | 490/1 | €2,806 | €938 | -€1,868 | -66.6% |
| Total equity and liabilities | 10/49 | €106,900 | €89,857 | -€17,042 | -15.9% |
| Equity | 10/15 | -€18,238 | -€37,846 | -€19,608 | -107.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,598 | -€52,206 | -€19,608 | -60.1% |
| Provisions and deferred taxes | 16 | €6,000 | €6,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €6,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €6,000 | €6,000 | = | 0.0% |
| Amounts payable | 17/49 | €119,138 | €121,703 | +€2,565 | +2.2% |
| Amounts payable after more than one year | 17 | €17,659 | €8,002 | -€9,658 | -54.7% |
| Financial debts | 170/4 | €17,659 | €8,002 | -€9,658 | -54.7% |
| Amounts payable within one year | 42/48 | €101,365 | €113,701 | +€12,336 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €5,112 | €7,748 | +€2,635 | +51.5% |
| Financial debts | 43 | €1,376 | €149 | -€1,227 | -89.2% |
| Credit institutions | 430/8 | €1,376 | €149 | -€1,227 | -89.2% |
| Trade debts | 44 | €85,751 | €85,074 | -€676 | -0.8% |
| Suppliers | 440/4 | €85,751 | €85,074 | -€676 | -0.8% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €8,126 | €2,523 | -€5,603 | -69.0% |
| Taxes | 450/3 | €8,126 | €2,523 | -€5,603 | -69.0% |
| Other amounts payable | 47/48 | - | €18,208 | +€18,208 | |
| Accrued charges and deferred income | 492/3 | €114 | €0 | -€114 | -100.0% |
| Non-recurring operating income | 76A | €714 | €1,984 | +€1,270 | +178.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,962 | €6,040 | +€4,077 | +207.8% |
| Other operating charges | 640/8 | €297 | €1,041 | +€744 | +250.6% |
| Non-recurring operating charges | 66A | €712 | €38 | -€674 | -94.7% |
| Gross operating margin | 9900 | €1,670 | -€11,291 | -€12,960 | |
| Operating profit (loss) | 9901 | -€1,301 | -€18,409 | -€17,108 | -1314.5% |
| Financial charges | 65/66B | €1,482 | €1,189 | -€293 | -19.7% |
| Recurring financial charges | 65 | €1,482 | €1,189 | -€293 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,783 | -€19,598 | -€16,815 | -604.2% |
| Income taxes | 67/77 | €142 | €10 | -€133 | -93.3% |
| Profit (loss) for the period | 9904 | -€2,925 | -€19,608 | -€16,682 | -570.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,925 | -€19,608 | -€16,682 | -570.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.