ACI-Projects: 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.
ACI-Projects
Largest movements
- Cash -€30,429
down €30,429 (-65.1%), from €46,720 to €16,291
mainly Contributions, distributions and other (-€65,000) and Tax, wage and social debts (-€4,746)
- Deferred charges and accrued income -€6,425
down €6,425 (-26.5%), from €24,203 to €17,777
- Profit (loss) carried forward -€42,888
down €42,888 (-21.7%), from €197,767 to €154,879
- Trade debts +€5,949
up €5,949 (+400%), from €1,488 to €7,437
- Tax, wage and social debts -€4,746
no longer reported in 2025 (was €4,746)
- Gross operating margin -€8,157
down €8,157 (-16.9%), from €48,150 to €39,993
- Financial charges +€5,086
up €5,086 (+2,520%), from €202 to €5,288
- Financial income +€2,029
up €2,029 (+316%), from €643 to €2,672
- Taxes -€1,788
down €1,788 (-14.8%), from €12,099 to €10,311
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 | €368,719 | €328,273 | -€40,445 | -11.0% |
| Fixed assets | 21/28 | €8,373 | €7,673 | -€700 | -8.4% |
| Tangible fixed assets | 22/27 | €8,373 | €5,934 | -€2,439 | -29.1% |
| Furniture and vehicles | 24 | €8,373 | €5,934 | -€2,439 | -29.1% |
| Financial fixed assets | 28 | - | €1,739 | +€1,739 | |
| Current assets | 29/58 | €360,346 | €320,600 | -€39,745 | -11.0% |
| Amounts receivable within one year | 40/41 | €289,423 | €286,532 | -€2,891 | -1.0% |
| Trade receivables | 40 | €224,258 | €218,957 | -€5,301 | -2.4% |
| Other amounts receivable | 41 | €65,165 | €67,575 | +€2,410 | +3.7% |
| Cash at bank and in hand | 54/58 | €46,720 | €16,291 | -€30,429 | -65.1% |
| Deferred charges and accrued income | 490/1 | €24,203 | €17,777 | -€6,425 | -26.5% |
| Total equity and liabilities | 10/49 | €368,719 | €328,273 | -€40,445 | -11.0% |
| Equity | 10/15 | €348,689 | €305,801 | -€42,888 | -12.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €140,922 | €140,922 | = | 0.0% |
| Distributable reserves | 133 | €140,922 | €140,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,767 | €154,879 | -€42,888 | -21.7% |
| Amounts payable | 17/49 | €20,030 | €22,472 | +€2,443 | +12.2% |
| Amounts payable within one year | 42/48 | €20,030 | €22,472 | +€2,443 | +12.2% |
| Financial debts | 43 | €9,260 | €10,500 | +€1,240 | +13.4% |
| Credit institutions | 430/8 | €9,260 | €10,500 | +€1,240 | +13.4% |
| Trade debts | 44 | €1,488 | €7,437 | +€5,949 | +400% |
| Suppliers | 440/4 | €1,488 | €7,437 | +€5,949 | +400% |
| Advances received on contracts in progress | 46 | €4,535 | €4,535 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,746 | - | -€4,746 | |
| Taxes | 450/3 | €4,746 | - | -€4,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,052 | €3,769 | -€283 | -7.0% |
| Other operating charges | 640/8 | €1,019 | €1,185 | +€167 | +16.4% |
| Gross operating margin | 9900 | €48,150 | €39,993 | -€8,157 | -16.9% |
| Operating profit (loss) | 9901 | €43,080 | €35,039 | -€8,041 | -18.7% |
| Financial income | 75/76B | €643 | €2,672 | +€2,029 | +316% |
| Recurring financial income | 75 | €643 | €2,672 | +€2,029 | +316% |
| Financial charges | 65/66B | €202 | €5,288 | +€5,086 | +2,520% |
| Recurring financial charges | 65 | €202 | €5,288 | +€5,086 | +2,520% |
| Profit (loss) for the period before taxes | 9903 | €43,521 | €32,423 | -€11,098 | -25.5% |
| Income taxes | 67/77 | €12,099 | €10,311 | -€1,788 | -14.8% |
| Profit (loss) for the period | 9904 | €31,421 | €22,112 | -€9,310 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,421 | €22,112 | -€9,310 | -29.6% |
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 25 October 2026 via checked.be.