ACHTHEO: 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.
ACHTHEO
Largest movements
- Cash +€45,845
up €45,845 (+120%), from €38,157 to €84,003
mainly Other debts (+€173,046) and Receivables within one year (+€35,300)
- Deferred charges and accrued income +€36,697
up €36,697 (+5,314%), from €691 to €37,387
- Receivables within one year -€35,300
down €35,300 (-92.7%), from €38,078 to €2,778
of which Other amounts receivable: -€27,475
- Other debts +€173,046
new in 2025: €173,046
- Profit (loss) carried forward -€118,506
down €118,506 (-355%), from -€33,353 to -€151,859
- Trade debts -€7,987
down €7,987 (-87.6%), from €9,114 to €1,126
- Tax, wage and social debts +€1,637
up €1,637 (+140%), from €1,165 to €2,802
- Other operating charges +€65,831
up €65,831 (+933%), from €7,055 to €72,886
- Financial charges +€20,074
up €20,074 (+1,443%), from €1,391 to €21,465
- Depreciation -€1,628
down €1,628 (-87.2%), from €1,868 to €240
- Gross operating margin -€558
down €558 (-2.4%), from -€23,002 to -€23,561
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 | €76,926 | €125,116 | +€48,190 | +62.6% |
| Fixed assets | 21/28 | - | €948 | +€948 | |
| Tangible fixed assets | 22/27 | - | €948 | +€948 | |
| Furniture and vehicles | 24 | - | €948 | +€948 | |
| Current assets | 29/58 | €76,926 | €124,168 | +€47,242 | +61.4% |
| Amounts receivable within one year | 40/41 | €38,078 | €2,778 | -€35,300 | -92.7% |
| Trade receivables | 40 | €9,603 | €1,778 | -€7,825 | -81.5% |
| Other amounts receivable | 41 | €28,475 | €1,000 | -€27,475 | -96.5% |
| Cash at bank and in hand | 54/58 | €38,157 | €84,003 | +€45,845 | +120% |
| Deferred charges and accrued income | 490/1 | €691 | €37,387 | +€36,697 | +5,314% |
| Total equity and liabilities | 10/49 | €76,926 | €125,116 | +€48,190 | +62.6% |
| Equity | 10/15 | €66,647 | -€51,859 | -€118,506 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,353 | -€151,859 | -€118,506 | -355% |
| Amounts payable | 17/49 | €10,279 | €176,975 | +€166,696 | +1,622% |
| Amounts payable within one year | 42/48 | €10,279 | €176,975 | +€166,696 | +1,622% |
| Trade debts | 44 | €9,114 | €1,126 | -€7,987 | -87.6% |
| Suppliers | 440/4 | €9,114 | €1,126 | -€7,987 | -87.6% |
| Taxes, remuneration and social security | 45 | €1,165 | €2,802 | +€1,637 | +140% |
| Taxes | 450/3 | €1,165 | €2,802 | +€1,637 | +140% |
| Other amounts payable | 47/48 | - | €173,046 | +€173,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,868 | €240 | -€1,628 | -87.2% |
| Other operating charges | 640/8 | €7,055 | €72,886 | +€65,831 | +933% |
| Gross operating margin | 9900 | -€23,002 | -€23,561 | -€558 | -2.4% |
| Operating profit (loss) | 9901 | -€31,926 | -€96,687 | -€64,761 | -203% |
| Financial income | 75/76B | €222 | €1 | -€222 | -99.8% |
| Recurring financial income | 75 | €222 | €1 | -€222 | -99.8% |
| Financial charges | 65/66B | €1,391 | €21,465 | +€20,074 | +1,443% |
| Recurring financial charges | 65 | €1,391 | €21,465 | +€20,074 | +1,443% |
| Profit (loss) for the period before taxes | 9903 | -€33,094 | -€118,151 | -€85,057 | -257% |
| Income taxes | 67/77 | €259 | €355 | +€96 | +37.1% |
| Profit (loss) for the period | 9904 | -€33,353 | -€118,506 | -€85,153 | -255% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,353 | -€118,506 | -€85,153 | -255% |
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 19 October 2026 via checked.be.