ACHELO: 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.
ACHELO
Largest movements
- Cash -€61,488
down €61,488 (-42.8%), from €143,664 to €82,176
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€7,773)
- Receivables within one year +€7,773
up €7,773 (+29.9%), from €26,021 to €33,793
of which Trade receivables: +€7,782
- Receivables after one year -€5,189
no longer reported in 2025 (was €5,189)
- Tangible fixed assets -€2,565
down €2,565 (-34.8%), from €7,370 to €4,805
of which Furniture and vehicles: -€2,010
- Profit (loss) carried forward -€72,648
down €72,648 (-55.7%), from €130,384 to €57,736
- Tax, wage and social debts +€9,456
up €9,456 (+21.0%), from €45,113 to €54,569
- Trade debts +€2,774
up €2,774 (+73.1%), from €3,794 to €6,568
- Gross operating margin +€31,972
up €31,972 (+43.2%), from €74,044 to €106,016
- Taxes +€7,402
up €7,402 (+46.5%), from €15,902 to €23,304
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 | €183,818 | €123,923 | -€59,895 | -32.6% |
| Fixed assets | 21/28 | €7,370 | €4,805 | -€2,565 | -34.8% |
| Tangible fixed assets | 22/27 | €7,370 | €4,805 | -€2,565 | -34.8% |
| Plant, machinery and equipment | 23 | €2,580 | €2,025 | -€555 | -21.5% |
| Furniture and vehicles | 24 | €4,789 | €2,780 | -€2,010 | -42.0% |
| Current assets | 29/58 | €176,448 | €119,118 | -€57,330 | -32.5% |
| Amounts receivable after more than one year | 29 | €5,189 | - | -€5,189 | |
| Trade receivables | 290 | €5,189 | - | -€5,189 | |
| Amounts receivable within one year | 40/41 | €26,021 | €33,793 | +€7,773 | +29.9% |
| Trade receivables | 40 | €26,012 | €33,793 | +€7,782 | +29.9% |
| Other amounts receivable | 41 | €9 | - | -€9 | |
| Cash at bank and in hand | 54/58 | €143,664 | €82,176 | -€61,488 | -42.8% |
| Deferred charges and accrued income | 490/1 | €1,574 | €3,149 | +€1,574 | +100% |
| Total equity and liabilities | 10/49 | €183,818 | €123,923 | -€59,895 | -32.6% |
| Equity | 10/15 | €131,584 | €58,936 | -€72,648 | -55.2% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,384 | €57,736 | -€72,648 | -55.7% |
| Amounts payable | 17/49 | €52,234 | €64,987 | +€12,753 | +24.4% |
| Amounts payable within one year | 42/48 | €51,834 | €64,187 | +€12,353 | +23.8% |
| Financial debts | 43 | €109 | - | -€109 | |
| Credit institutions | 430/8 | €109 | - | -€109 | |
| Trade debts | 44 | €3,794 | €6,568 | +€2,774 | +73.1% |
| Suppliers | 440/4 | €3,794 | €6,568 | +€2,774 | +73.1% |
| Taxes, remuneration and social security | 45 | €45,113 | €54,569 | +€9,456 | +21.0% |
| Taxes | 450/3 | €45,113 | €54,569 | +€9,456 | +21.0% |
| Other amounts payable | 47/48 | €2,818 | €3,050 | +€233 | +8.3% |
| Accrued charges and deferred income | 492/3 | €400 | €800 | +€400 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,015 | €2,565 | +€549 | +27.2% |
| Other operating charges | 640/8 | €413 | €990 | +€578 | +140% |
| Gross operating margin | 9900 | €74,044 | €106,016 | +€31,972 | +43.2% |
| Operating profit (loss) | 9901 | €71,616 | €102,461 | +€30,845 | +43.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,313 | €1,805 | -€508 | -22.0% |
| Recurring financial charges | 65 | €2,313 | €1,805 | -€508 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €69,304 | €100,656 | +€31,353 | +45.2% |
| Income taxes | 67/77 | €15,902 | €23,304 | +€7,402 | +46.5% |
| Profit (loss) for the period | 9904 | €53,401 | €77,352 | +€23,951 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,401 | €77,352 | +€23,951 | +44.9% |
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 18 October 2026 via checked.be.