ACH CONCEPT: 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.
ACH CONCEPT
Largest movements
- Current investments -€56,333
down €56,333 (-28.4%), from €198,057 to €141,724
- Cash +€18,040
up €18,040 (+607%), from €2,972 to €21,011
mainly Current investments (+€56,333) and Tax, wage and social debts (+€4,423)
- Receivables within one year +€12,032
up €12,032 (+239%), from €5,041 to €17,072
of which Trade receivables: +€12,387
- Other debts -€25,335
down €25,335 (-49.6%), from €51,119 to €25,784
- Short-term financial debts -€4,434
down €4,434 (-84.7%), from €5,233 to €799
- Tax, wage and social debts +€4,423
up €4,423 (+229%), from €1,930 to €6,353
- Profit (loss) carried forward -€3,107
down €3,107 (-2.1%), from -€151,272 to -€154,379
- Gross operating margin +€58,991
up €58,991 (+77.2%), from -€76,413 to -€17,422
- Financial income +€11,037
up €11,037 (+153%), from €7,192 to €18,229
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 | €217,321 | €190,098 | -€27,223 | -12.5% |
| Fixed assets | 21/28 | €7,287 | €6,298 | -€989 | -13.6% |
| Tangible fixed assets | 22/27 | €7,287 | €6,298 | -€989 | -13.6% |
| Plant, machinery and equipment | 23 | €1,557 | €1,339 | -€217 | -14.0% |
| Furniture and vehicles | 24 | €3,280 | €2,509 | -€771 | -23.5% |
| Other tangible fixed assets | 26 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €210,034 | €183,801 | -€26,234 | -12.5% |
| Amounts receivable within one year | 40/41 | €5,041 | €17,072 | +€12,032 | +239% |
| Trade receivables | 40 | €4,541 | €16,928 | +€12,387 | +273% |
| Other amounts receivable | 41 | €500 | €145 | -€355 | -71.1% |
| Current investments | 50/53 | €198,057 | €141,724 | -€56,333 | -28.4% |
| Cash at bank and in hand | 54/58 | €2,972 | €21,011 | +€18,040 | +607% |
| Deferred charges and accrued income | 490/1 | €3,965 | €3,993 | +€28 | +0.7% |
| Total equity and liabilities | 10/49 | €217,321 | €190,098 | -€27,223 | -12.5% |
| Equity | 10/15 | €158,405 | €155,298 | -€3,107 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €303,477 | €303,477 | = | 0.0% |
| Distributable reserves | 133 | €303,477 | €303,477 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,272 | -€154,379 | -€3,107 | -2.1% |
| Amounts payable | 17/49 | €58,916 | €34,801 | -€24,115 | -40.9% |
| Amounts payable within one year | 42/48 | €58,916 | €34,801 | -€24,115 | -40.9% |
| Financial debts | 43 | €5,233 | €799 | -€4,434 | -84.7% |
| Credit institutions | 430/8 | €5,233 | €799 | -€4,434 | -84.7% |
| Trade debts | 44 | €634 | €1,865 | +€1,231 | +194% |
| Suppliers | 440/4 | €634 | €1,865 | +€1,231 | +194% |
| Taxes, remuneration and social security | 45 | €1,930 | €6,353 | +€4,423 | +229% |
| Taxes | 450/3 | €1,930 | €6,353 | +€4,423 | +229% |
| Other amounts payable | 47/48 | €51,119 | €25,784 | -€25,335 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,876 | €2,145 | -€731 | -25.4% |
| Other operating charges | 640/8 | €872 | €1,095 | +€223 | +25.6% |
| Gross operating margin | 9900 | -€76,413 | -€17,422 | +€58,991 | +77.2% |
| Operating profit (loss) | 9901 | -€80,161 | -€20,662 | +€59,499 | +74.2% |
| Financial income | 75/76B | €7,192 | €18,229 | +€11,037 | +153% |
| Recurring financial income | 75 | €7,192 | €18,229 | +€11,037 | +153% |
| Financial charges | 65/66B | €140 | €314 | +€174 | +124% |
| Recurring financial charges | 65 | €140 | €314 | +€174 | +124% |
| Profit (loss) for the period before taxes | 9903 | -€73,109 | -€2,747 | +€70,362 | +96.2% |
| Income taxes | 67/77 | €384 | €360 | -€24 | -6.1% |
| Profit (loss) for the period | 9904 | -€73,493 | -€3,107 | +€70,386 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€73,493 | -€3,107 | +€70,386 | +95.8% |
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 17 October 2026 via checked.be.