ACHEL PRESS: 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.
ACHEL PRESS
Largest movements
- Stocks and contracts -€37,215
down €37,215 (-44.8%), from €83,070 to €45,855
- Cash -€7,846
down €7,846 (-15.5%), from €50,696 to €42,850
mainly Debts after one year (-€16,288) and Trade debts (-€12,938)
- Tangible fixed assets +€5,268
up €5,268 (+3.3%), from €160,292 to €165,561
of which Land and buildings: +€5,794
- Debts after one year -€16,288
down €16,288 (-9.5%), from €171,147 to €154,859
of which Other amounts payable: -€8,342
- Trade debts -€12,938
down €12,938 (-37.8%), from €34,225 to €21,287
- Tax, wage and social debts -€5,808
down €5,808 (-35.2%), from €16,490 to €10,682
of which Remuneration and social security: -€3,404
- Reserves -€4,821
down €4,821 (-10.6%), from €45,323 to €40,502
- Other debts -€4,197
down €4,197 (-80.4%), from €5,220 to €1,022
- Gross operating margin -€31,722
down €31,722 (-33.7%), from €94,258 to €62,536
- Depreciation -€13,706
down €13,706 (-71.5%), from €19,161 to €5,455
- Taxes -€5,062
down €5,062, from €5,000 to -€62
- Financial charges +€4,094
up €4,094 (+57.0%), from €7,181 to €11,276
- Other operating charges -€3,381
down €3,381 (-58.4%), from €5,788 to €2,408
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 | €298,441 | €257,698 | -€40,743 | -13.7% |
| Fixed assets | 21/28 | €160,292 | €165,611 | +€5,318 | +3.3% |
| Tangible fixed assets | 22/27 | €160,292 | €165,561 | +€5,268 | +3.3% |
| Land and buildings | 22 | €157,892 | €163,686 | +€5,794 | +3.7% |
| Plant, machinery and equipment | 23 | €2,400 | €1,874 | -€526 | -21.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €138,149 | €92,087 | -€46,062 | -33.3% |
| Stocks and contracts in progress | 3 | €83,070 | €45,855 | -€37,215 | -44.8% |
| Stocks | 30/36 | €83,070 | €45,855 | -€37,215 | -44.8% |
| Amounts receivable within one year | 40/41 | €3,022 | €1,075 | -€1,947 | -64.4% |
| Trade receivables | 40 | €714 | €61 | -€653 | -91.4% |
| Other amounts receivable | 41 | €2,308 | €1,014 | -€1,294 | -56.1% |
| Cash at bank and in hand | 54/58 | €50,696 | €42,850 | -€7,846 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,361 | €2,307 | +€946 | +69.5% |
| Total equity and liabilities | 10/49 | €298,441 | €257,698 | -€40,743 | -13.7% |
| Equity | 10/15 | €64,323 | €59,502 | -€4,821 | -7.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €45,323 | €40,502 | -€4,821 | -10.6% |
| Distributable reserves | 133 | €45,323 | €40,502 | -€4,821 | -10.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €234,118 | €198,196 | -€35,922 | -15.3% |
| Amounts payable after more than one year | 17 | €171,147 | €154,859 | -€16,288 | -9.5% |
| Financial debts | 170/4 | €142,963 | €135,017 | -€7,946 | -5.6% |
| Other amounts payable | 178/9 | €28,184 | €19,842 | -€8,342 | -29.6% |
| Amounts payable within one year | 42/48 | €62,972 | €40,937 | -€22,035 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €7,037 | €7,946 | +€908 | +12.9% |
| Trade debts | 44 | €34,225 | €21,287 | -€12,938 | -37.8% |
| Suppliers | 440/4 | €34,225 | €21,287 | -€12,938 | -37.8% |
| Taxes, remuneration and social security | 45 | €16,490 | €10,682 | -€5,808 | -35.2% |
| Taxes | 450/3 | €6,478 | €4,075 | -€2,403 | -37.1% |
| Remuneration and social security | 454/9 | €10,011 | €6,607 | -€3,404 | -34.0% |
| Other amounts payable | 47/48 | €5,220 | €1,022 | -€4,197 | -80.4% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Remuneration, social security and pensions | 62 | €45,145 | €46,146 | +€1,002 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,161 | €5,455 | -€13,706 | -71.5% |
| Other operating charges | 640/8 | €5,788 | €2,408 | -€3,381 | -58.4% |
| Non-recurring operating charges | 66A | - | €2,555 | +€2,555 | |
| Gross operating margin | 9900 | €94,258 | €62,536 | -€31,722 | -33.7% |
| Operating profit (loss) | 9901 | €24,164 | €5,972 | -€18,192 | -75.3% |
| Financial income | 75/76B | €545 | €421 | -€124 | -22.7% |
| Recurring financial income | 75 | €545 | €421 | -€124 | -22.7% |
| Financial charges | 65/66B | €7,181 | €11,276 | +€4,094 | +57.0% |
| Recurring financial charges | 65 | €7,181 | €11,276 | +€4,094 | +57.0% |
| Profit (loss) for the period before taxes | 9903 | €17,528 | -€4,883 | -€22,410 | |
| Income taxes | 67/77 | €5,000 | -€62 | -€5,062 | |
| Profit (loss) for the period | 9904 | €12,527 | -€4,821 | -€17,348 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,527 | -€4,821 | -€17,348 |
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 9 October 2026 via checked.be.