ACHTEN R.: 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.
ACHTEN R.
Largest movements
- Tangible fixed assets +€261,499
up €261,499 (+41.2%), from €634,048 to €895,546
of which Leasing and similar rights: +€288,805
- Cash +€49,730
up €49,730 (+109%), from €45,472 to €95,202
mainly Depreciation (+€197,401) and Debts after one year (+€186,300)
- Receivables within one year -€17,082
down €17,082 (-8.6%), from €199,055 to €181,973
of which Trade receivables: -€17,656
- Stocks and contracts +€13,853
up €13,853 (+15.8%), from €87,820 to €101,674
- Debts after one year +€186,300
up €186,300 (+52.6%), from €353,982 to €540,282
- Reserves +€110,458
up €110,458 (+53.0%), from €208,543 to €319,002
- Current portion of long-term debt +€58,453
up €58,453 (+56.8%), from €102,998 to €161,451
- Trade debts -€57,753
down €57,753 (-68.0%), from €84,898 to €27,146
- Tax, wage and social debts +€21,520
up €21,520 (+201%), from €10,702 to €32,222
of which Taxes: +€22,890
- Gross operating margin +€146,821
up €146,821 (+62.9%), from €233,567 to €380,387
- Depreciation +€103,210
up €103,210 (+110%), from €94,191 to €197,401
- Financial charges +€12,653
up €12,653 (+100%), from €12,648 to €25,301
- Taxes +€11,642
up €11,642 (+52.4%), from €22,237 to €33,878
- Staff costs -€10,898
down €10,898 (-44.8%), from €24,347 to €13,449
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 | €979,170 | €1,295,941 | +€316,771 | +32.4% |
| Fixed assets | 21/28 | €634,093 | €895,591 | +€261,499 | +41.2% |
| Tangible fixed assets | 22/27 | €634,048 | €895,546 | +€261,499 | +41.2% |
| Plant, machinery and equipment | 23 | €141,328 | €120,805 | -€20,523 | -14.5% |
| Furniture and vehicles | 24 | €18,737 | €11,953 | -€6,784 | -36.2% |
| Leasing and similar rights | 25 | €473,983 | €762,789 | +€288,805 | +60.9% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €345,077 | €400,349 | +€55,272 | +16.0% |
| Stocks and contracts in progress | 3 | €87,820 | €101,674 | +€13,853 | +15.8% |
| Stocks | 30/36 | €87,820 | €101,674 | +€13,853 | +15.8% |
| Amounts receivable within one year | 40/41 | €199,055 | €181,973 | -€17,082 | -8.6% |
| Trade receivables | 40 | €198,972 | €181,316 | -€17,656 | -8.9% |
| Other amounts receivable | 41 | €83 | €657 | +€574 | +689% |
| Current investments | 50/53 | €11,500 | €17,500 | +€6,000 | +52.2% |
| Cash at bank and in hand | 54/58 | €45,472 | €95,202 | +€49,730 | +109% |
| Deferred charges and accrued income | 490/1 | €1,229 | €4,000 | +€2,771 | +225% |
| Total equity and liabilities | 10/49 | €979,170 | €1,295,941 | +€316,771 | +32.4% |
| Equity | 10/15 | €367,831 | €478,290 | +€110,458 | +30.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €208,543 | €319,002 | +€110,458 | +53.0% |
| Distributable reserves | 133 | €208,543 | €319,002 | +€110,458 | +53.0% |
| Profit (loss) carried forward | 14 | €139,288 | €139,288 | = | 0.0% |
| Amounts payable | 17/49 | €611,339 | €817,651 | +€206,312 | +33.7% |
| Amounts payable after more than one year | 17 | €353,982 | €540,282 | +€186,300 | +52.6% |
| Financial debts | 170/4 | €353,982 | €540,282 | +€186,300 | +52.6% |
| Amounts payable within one year | 42/48 | €242,357 | €264,369 | +€22,012 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €102,998 | €161,451 | +€58,453 | +56.8% |
| Trade debts | 44 | €84,898 | €27,146 | -€57,753 | -68.0% |
| Suppliers | 440/4 | €84,898 | €27,146 | -€57,753 | -68.0% |
| Taxes, remuneration and social security | 45 | €10,702 | €32,222 | +€21,520 | +201% |
| Taxes | 450/3 | €5,989 | €28,878 | +€22,890 | +382% |
| Remuneration and social security | 454/9 | €4,713 | €3,344 | -€1,370 | -29.1% |
| Other amounts payable | 47/48 | €43,758 | €43,551 | -€208 | -0.5% |
| Accrued charges and deferred income | 492/3 | €15,000 | €13,000 | -€2,000 | -13.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €24,347 | €13,449 | -€10,898 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,191 | €197,401 | +€103,210 | +110% |
| Other operating charges | 640/8 | €5,340 | €1,890 | -€3,450 | -64.6% |
| Gross operating margin | 9900 | €233,567 | €380,387 | +€146,821 | +62.9% |
| Operating profit (loss) | 9901 | €109,689 | €167,648 | +€57,959 | +52.8% |
| Financial income | 75/76B | €3,634 | €1,990 | -€1,644 | -45.2% |
| Recurring financial income | 75 | €3,634 | €1,990 | -€1,644 | -45.2% |
| Financial charges | 65/66B | €12,648 | €25,301 | +€12,653 | +100% |
| Recurring financial charges | 65 | €12,648 | €25,301 | +€12,653 | +100% |
| Profit (loss) for the period before taxes | 9903 | €100,675 | €144,337 | +€43,662 | +43.4% |
| Income taxes | 67/77 | €22,237 | €33,878 | +€11,642 | +52.4% |
| Profit (loss) for the period | 9904 | €78,439 | €110,458 | +€32,020 | +40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,439 | €110,458 | +€32,020 | +40.8% |
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 16 October 2026 via checked.be.