ACHILLE: 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.
ACHILLE
Largest movements
- Stocks and contracts +€31,350
up €31,350 (+8.5%), from €367,593 to €398,943
- Receivables within one year +€23,642
up €23,642 (+6.0%), from €395,192 to €418,835
of which Trade receivables: +€71,680
- Intangible fixed assets -€15,992
down €15,992 (-86.4%), from €18,505 to €2,512
- Cash +€9,785
up €9,785 (+19.4%), from €50,526 to €60,311
mainly Net result for the year (+€103,637) and Other debts (+€92,400)
- Trade debts -€136,571
down €136,571 (-61.1%), from €223,599 to €87,029
- Reserves +€103,637
up €103,637 (+21.5%), from €482,761 to €586,398
of which Distributable reserves: +€102,458
- Other debts +€92,400
up €92,400 (+77.8%), from €118,778 to €211,179
- Debts after one year -€15,456
down €15,456 (-56.9%), from €27,185 to €11,729
- Gross operating margin -€155,454
down €155,454 (-34.2%), from €454,928 to €299,474
- Taxes -€62,382
down €62,382 (-55.9%), from €111,520 to €49,137
- Write-downs +€22,160
new in 2025: €22,160
- Staff costs +€6,284
up €6,284 (+7.4%), from €85,019 to €91,304
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.
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 | €895,868 | €939,295 | +€43,428 | +4.8% |
| Fixed assets | 21/28 | €82,556 | €61,206 | -€21,350 | -25.9% |
| Intangible fixed assets | 21 | €18,505 | €2,512 | -€15,992 | -86.4% |
| Tangible fixed assets | 22/27 | €60,385 | €55,027 | -€5,358 | -8.9% |
| Plant, machinery and equipment | 23 | €25,574 | €32,598 | +€7,024 | +27.5% |
| Furniture and vehicles | 24 | €34,812 | €22,429 | -€12,382 | -35.6% |
| Financial fixed assets | 28 | €3,666 | €3,666 | = | 0.0% |
| Current assets | 29/58 | €813,312 | €878,090 | +€64,778 | +8.0% |
| Stocks and contracts in progress | 3 | €367,593 | €398,943 | +€31,350 | +8.5% |
| Stocks | 30/36 | €367,593 | €398,943 | +€31,350 | +8.5% |
| Amounts receivable within one year | 40/41 | €395,192 | €418,835 | +€23,642 | +6.0% |
| Trade receivables | 40 | €333,344 | €405,025 | +€71,680 | +21.5% |
| Other amounts receivable | 41 | €61,848 | €13,810 | -€48,038 | -77.7% |
| Cash at bank and in hand | 54/58 | €50,526 | €60,311 | +€9,785 | +19.4% |
| Total equity and liabilities | 10/49 | €895,868 | €939,295 | +€43,428 | +4.8% |
| Equity | 10/15 | €485,261 | €588,898 | +€103,637 | +21.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €482,761 | €586,398 | +€103,637 | +21.5% |
| Tax-exempt reserves | 132 | €1,479 | €2,658 | +€1,179 | +79.7% |
| Distributable reserves | 133 | €481,282 | €583,740 | +€102,458 | +21.3% |
| Amounts payable | 17/49 | €410,607 | €350,398 | -€60,209 | -14.7% |
| Amounts payable after more than one year | 17 | €27,185 | €11,729 | -€15,456 | -56.9% |
| Financial debts | 170/4 | €27,185 | €11,729 | -€15,456 | -56.9% |
| Amounts payable within one year | 42/48 | €383,421 | €338,668 | -€44,753 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €15,249 | €15,456 | +€207 | +1.4% |
| Trade debts | 44 | €223,599 | €87,029 | -€136,571 | -61.1% |
| Suppliers | 440/4 | €223,599 | €87,029 | -€136,571 | -61.1% |
| Advances received on contracts in progress | 46 | €14,286 | €18,048 | +€3,762 | +26.3% |
| Taxes, remuneration and social security | 45 | €11,509 | €6,957 | -€4,553 | -39.6% |
| Taxes | 450/3 | €666 | €770 | +€105 | +15.7% |
| Remuneration and social security | 454/9 | €10,844 | €6,187 | -€4,657 | -42.9% |
| Other amounts payable | 47/48 | €118,778 | €211,179 | +€92,400 | +77.8% |
| Non-recurring operating income | 76A | €134,391 | - | -€134,391 | |
| Remuneration, social security and pensions | 62 | €85,019 | €91,304 | +€6,284 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,690 | €36,350 | -€4,340 | -10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,160 | +€22,160 | |
| Other operating charges | 640/8 | €881 | €1,450 | +€569 | +64.5% |
| Non-recurring operating charges | 66A | €3,500 | - | -€3,500 | |
| Gross operating margin | 9900 | €454,928 | €299,474 | -€155,454 | -34.2% |
| Operating profit (loss) | 9901 | €324,837 | €148,210 | -€176,627 | -54.4% |
| Financial income | 75/76B | €13,925 | €14,031 | +€106 | +0.8% |
| Recurring financial income | 75 | €13,925 | €14,031 | +€106 | +0.8% |
| Financial charges | 65/66B | €6,613 | €9,468 | +€2,855 | +43.2% |
| Recurring financial charges | 65 | €6,613 | €9,468 | +€2,855 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | €332,150 | €152,774 | -€179,376 | -54.0% |
| Income taxes | 67/77 | €111,520 | €49,137 | -€62,382 | -55.9% |
| Profit (loss) for the period | 9904 | €220,630 | €103,637 | -€116,994 | -53.0% |
| Transfer to tax-exempt reserves | 689 | €1,179 | €1,179 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €219,451 | €102,458 | -€116,994 | -53.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.