ACHILLES ASSOCIATES: 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.
ACHILLES ASSOCIATES
Largest movements
- Tangible fixed assets -€50,633
down €50,633 (-9.1%), from €557,030 to €506,397
of which Land and buildings: -€49,284
- Cash -€45,952
down €45,952 (-64.3%), from €71,514 to €25,562
mainly Debts after one year (-€48,505) and Net result for the year (-€25,685)
- Debts after one year -€48,505
down €48,505 (-28.2%), from €172,238 to €123,733
- Reserves -€25,685
down €25,685 (-8.7%), from €294,292 to €268,607
of which Distributable reserves: -€25,685
- Current portion of long-term debt -€18,457
down €18,457 (-27.6%), from €66,962 to €48,505
- Gross operating margin +€9,435
up €9,435 (+34.6%), from €27,299 to €36,734
- Other operating charges -€1,035
down €1,035 (-24.4%), from €4,246 to €3,211
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 | €635,541 | €545,049 | -€90,492 | -14.2% |
| Fixed assets | 21/28 | €562,425 | €511,792 | -€50,633 | -9.0% |
| Tangible fixed assets | 22/27 | €557,030 | €506,397 | -€50,633 | -9.1% |
| Land and buildings | 22 | €551,635 | €502,351 | -€49,284 | -8.9% |
| Furniture and vehicles | 24 | €5,395 | €4,047 | -€1,349 | -25.0% |
| Financial fixed assets | 28 | €5,395 | €5,395 | = | 0.0% |
| Current assets | 29/58 | €73,115 | €33,257 | -€39,858 | -54.5% |
| Amounts receivable within one year | 40/41 | €1,601 | €1,522 | -€79 | -4.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,601 | €1,522 | -€79 | -4.9% |
| Cash at bank and in hand | 54/58 | €71,514 | €25,562 | -€45,952 | -64.3% |
| Deferred charges and accrued income | 490/1 | - | €6,172 | +€6,172 | |
| Total equity and liabilities | 10/49 | €635,541 | €545,049 | -€90,492 | -14.2% |
| Equity | 10/15 | €300,492 | €274,807 | -€25,685 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €294,292 | €268,607 | -€25,685 | -8.7% |
| Non-distributable reserves | 130/1 | €2,613 | €2,613 | = | 0.0% |
| Other | 1319 | €2,613 | €2,613 | = | 0.0% |
| Distributable reserves | 133 | €291,679 | €265,994 | -€25,685 | -8.8% |
| Amounts payable | 17/49 | €335,049 | €270,243 | -€64,806 | -19.3% |
| Amounts payable after more than one year | 17 | €172,238 | €123,733 | -€48,505 | -28.2% |
| Financial debts | 170/4 | €172,238 | €123,733 | -€48,505 | -28.2% |
| Amounts payable within one year | 42/48 | €162,811 | €146,510 | -€16,301 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €66,962 | €48,505 | -€18,457 | -27.6% |
| Trade debts | 44 | €1,923 | €3,520 | +€1,598 | +83.1% |
| Suppliers | 440/4 | €1,923 | €3,520 | +€1,598 | +83.1% |
| Other amounts payable | 47/48 | €93,926 | €94,484 | +€558 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,947 | €50,633 | -€314 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,246 | €3,211 | -€1,035 | -24.4% |
| Gross operating margin | 9900 | €27,299 | €36,734 | +€9,435 | +34.6% |
| Operating profit (loss) | 9901 | -€27,895 | -€17,109 | +€10,785 | +38.7% |
| Financial income | 75/76B | €344 | €74 | -€270 | -78.4% |
| Recurring financial income | 75 | €344 | €74 | -€270 | -78.4% |
| Financial charges | 65/66B | €8,664 | €8,650 | -€14 | -0.2% |
| Recurring financial charges | 65 | €8,664 | €8,650 | -€14 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€36,214 | -€25,685 | +€10,529 | +29.1% |
| Income taxes | 67/77 | -€4 | €0 | +€4 | |
| Profit (loss) for the period | 9904 | -€36,210 | -€25,685 | +€10,525 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,210 | -€25,685 | +€10,525 | +29.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.