ACHTENDRIES: 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.
What changed
ACHTENDRIES
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,400
2024 · €1.6m-€1.6m
Equity
€3.3m
2024 · €3.2m+€30,400
Cash
€45,151
2024 · €109,765-€64,614
Balance sheet total
€11.3m
2024 · €9.8m+€1.5m
Largest movements
Assets
- Tangible fixed assets +€3.2m
up €3.2m (+40.9%), from €7.8m to €11.1m
of which Land and buildings: +€3.2m
- Stocks and contracts -€1.8m
no longer reported in 2025 (was €1.8m)
- Receivables within one year +€152,799
up €152,799 (+45,474%), from €336 to €153,135
of which Other amounts receivable: +€152,799
Equity and liabilities
- Advances received +€2.8m
up €2.8m (+203%), from €1.4m to €4.2m
- Trade debts -€1.4m
down €1.4m (-99.5%), from €1.4m to €6,824
Income statement
- Purchases and services -€4.9m
no longer reported in 2025 (was €4.9m)
- Gross operating margin -€2.0m
down €2.0m (-80.1%), from €2.5m to €500,635
- Turnover -€259,148
no longer reported in 2025 (was €259,148)
- Depreciation +€96,220
up €96,220 (+53.4%), from €180,154 to €276,375
- Financial charges +€78,819
up €78,819 (+118%), from €66,597 to €145,416
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.
Result 2024
€1.6m
Gross operating margin
-€2.0m
Depreciation
-€96,220
Other operating charges
+€30,128
Financial income
+€148
Financial charges
-€78,819
Taxes
+€3,854
Deferred taxes and other
+€548,993
Result 2025
€30,400
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.4m
Investment
-€3.5m
Financing
-€22,410
Cash 2024
€109,765
From operations (derived)
+€3.4m
Net result for the year
+€30,400
Depreciation
+€276,375
Stocks and contracts
+€1.8m
Receivables within one year
-€152,799
Smaller working-capital items
-€5,998
Provisions
+€33,337
Trade debts
-€1.4m
Advances received
+€2.8m
Other debts
-€15,055
Accrued charges and deferred income
+€63,227
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
-€22,410
Debts after one year
-€10,074
Current portion of long-term debt
-€12,336
Cash 2025
€45,151
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,791,285 | €11,267,763 | +€1.5m | +15.1% |
| Fixed assets | 21/28 | €7,848,002 | €11,061,654 | +€3.2m | +40.9% |
| Tangible fixed assets | 22/27 | €7,848,002 | €11,061,654 | +€3.2m | +40.9% |
| Land and buildings | 22 | €7,816,952 | €11,053,337 | +€3.2m | +41.4% |
| Furniture and vehicles | 24 | €31,051 | €8,317 | -€22,734 | -73.2% |
| Current assets | 29/58 | €1,943,282 | €206,109 | -€1.7m | -89.4% |
| Stocks and contracts in progress | 3 | €1,825,754 | - | -€1.8m | |
| Stocks | 30/36 | €1,825,754 | - | -€1.8m | |
| Amounts receivable within one year | 40/41 | €336 | €153,135 | +€152,799 | +45,474% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €336 | €153,135 | +€152,799 | +45,474% |
| Cash at bank and in hand | 54/58 | €109,765 | €45,151 | -€64,614 | -58.9% |
| Deferred charges and accrued income | 490/1 | €7,428 | €7,824 | +€396 | +5.3% |
| Total equity and liabilities | 10/49 | €9,791,285 | €11,267,763 | +€1.5m | +15.1% |
| Equity | 10/15 | €3,219,843 | €3,250,242 | +€30,400 | +0.9% |
| Contributions | 10/11 | €120,021 | €120,021 | = | 0.0% |
| Capital | 10 | €120,021 | €120,021 | = | 0.0% |
| Issued capital | 100 | €120,021 | €120,021 | = | 0.0% |
| Reserves | 13 | €3,099,822 | €3,130,221 | +€30,400 | +1.0% |
| Non-distributable reserves | 130/1 | €25,391 | €25,391 | = | 0.0% |
| Legal reserve | 130 | €12,002 | €12,002 | = | 0.0% |
| Other | 1319 | €13,389 | €13,389 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,746,990 | €1,847,001 | +€100,011 | +5.7% |
| Distributable reserves | 133 | €1,327,441 | €1,257,830 | -€69,612 | -5.2% |
| Provisions and deferred taxes | 16 | €582,330 | €615,667 | +€33,337 | +5.7% |
| Deferred taxes | 168 | €582,330 | €615,667 | +€33,337 | +5.7% |
| Amounts payable | 17/49 | €5,989,112 | €7,401,854 | +€1.4m | +23.6% |
| Amounts payable after more than one year | 17 | €3,026,696 | €3,016,623 | -€10,074 | -0.3% |
| Financial debts | 170/4 | €3,026,696 | €3,016,623 | -€10,074 | -0.3% |
| Amounts payable within one year | 42/48 | €2,930,063 | €4,289,652 | +€1.4m | +46.4% |
| Current portion of amounts payable after more than one year | 42 | €102,410 | €90,074 | -€12,336 | -12.0% |
| Trade debts | 44 | €1,423,215 | €6,824 | -€1.4m | -99.5% |
| Suppliers | 440/4 | €1,423,215 | €6,824 | -€1.4m | -99.5% |
| Advances received on contracts in progress | 46 | €1,382,934 | €4,191,907 | +€2.8m | +203% |
| Taxes, remuneration and social security | 45 | €6,449 | €847 | -€5,602 | -86.9% |
| Taxes | 450/3 | €6,449 | €847 | -€5,602 | -86.9% |
| Other amounts payable | 47/48 | €15,055 | - | -€15,055 | |
| Accrued charges and deferred income | 492/3 | €32,353 | €95,580 | +€63,227 | +195% |
| Turnover | 70 | €259,148 | - | -€259,148 | |
| Non-recurring operating income | 76A | €2,415,601 | €224,341 | -€2.2m | -90.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,903,478 | - | -€4.9m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,154 | €276,375 | +€96,220 | +53.4% |
| Other operating charges | 640/8 | €48,050 | €17,922 | -€30,128 | -62.7% |
| Gross operating margin | 9900 | €2,513,070 | €500,635 | -€2.0m | -80.1% |
| Operating profit (loss) | 9901 | €2,284,866 | €206,338 | -€2.1m | -91.0% |
| Financial income | 75/76B | €3,362 | €3,509 | +€148 | +4.4% |
| Recurring financial income | 75 | €3,362 | €3,509 | +€148 | +4.4% |
| Financial charges | 65/66B | €66,597 | €145,416 | +€78,819 | +118% |
| Recurring financial charges | 65 | €66,597 | €145,416 | +€78,819 | +118% |
| Profit (loss) for the period before taxes | 9903 | €2,221,631 | €64,432 | -€2.2m | -97.1% |
| Transfer from deferred taxes | 780 | €9,907 | €21,552 | +€11,645 | +118% |
| Transfer to deferred taxes | 680 | €592,237 | €54,889 | -€537,348 | -90.7% |
| Income taxes | 67/77 | €4,549 | €695 | -€3,854 | -84.7% |
| Profit (loss) for the period | 9904 | €1,634,751 | €30,400 | -€1.6m | -98.1% |
| Transfer from tax-exempt reserves | 789 | €29,722 | €64,657 | +€34,936 | +118% |
| Transfer to tax-exempt reserves | 689 | €1,776,712 | €164,668 | -€1.6m | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,238 | -€69,612 | +€42,627 | +38.0% |
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 14 October 2026 via checked.be.