ACIC: what changed
Two fiscal 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.
ACIC
Largest movements
- Receivables within one year +€158,910
up €158,910 (+17.4%), from €912,868 to €1.1m
of which Trade receivables: +€85,413
- Cash -€34,086
down €34,086 (-41.2%), from €82,646 to €48,560
mainly Net result for the year (-€317,838) and Receivables within one year (-€158,910)
- Other debts +€515,601
up €515,601 (+66.1%), from €780,183 to €1.3m
- Profit (loss) carried forward -€317,838
down €317,838 (-41.9%), from -€757,914 to -€1.1m
- Debts after one year -€41,243
down €41,243 (-10.7%), from €385,011 to €343,768
of which Financial debts: -€41,243
- Trade debts -€33,144
down €33,144 (-33.1%), from €99,988 to €66,843
- Accrued charges and deferred income -€18,610
no longer reported in 2025 (was €18,610)
- Financial charges +€28,817
up €28,817 (+87.0%), from €33,141 to €61,958
- Staff costs +€17,345
up €17,345 (+2.6%), from €658,012 to €675,357
- Financial income +€5,416
up €5,416 (+1979.0%), from €274 to €5,690
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.
Cash bridge derived
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 | €1,024,767 | €1,139,099 | +€114,332 | +11.2% |
| Fixed assets | 21/28 | €13,163 | €9,087 | -€4,076 | -31.0% |
| Tangible fixed assets | 22/27 | €13,146 | €9,070 | -€4,076 | -31.0% |
| Plant, machinery and equipment | 23 | €13,146 | €9,070 | -€4,076 | -31.0% |
| Financial fixed assets | 28 | €17 | €17 | = | 0.0% |
| Current assets | 29/58 | €1,011,604 | €1,130,012 | +€118,409 | +11.7% |
| Amounts receivable within one year | 40/41 | €912,868 | €1,071,778 | +€158,910 | +17.4% |
| Trade receivables | 40 | €907,742 | €993,155 | +€85,413 | +9.4% |
| Other amounts receivable | 41 | €5,126 | €78,624 | +€73,497 | +1433.7% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,646 | €48,560 | -€34,086 | -41.2% |
| Deferred charges and accrued income | 490/1 | €16,088 | €9,672 | -€6,416 | -39.9% |
| Total equity and liabilities | 10/49 | €1,024,767 | €1,139,099 | +€114,332 | +11.2% |
| Equity | 10/15 | -€392,946 | -€710,785 | -€317,838 | -80.9% |
| Contributions | 10/11 | €353,300 | €353,300 | = | 0.0% |
| Capital | 10 | €353,300 | €353,300 | = | 0.0% |
| Issued capital | 100 | €353,300 | €353,300 | = | 0.0% |
| Reserves | 13 | €11,668 | €11,668 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,259 | €9,259 | = | 0.0% |
| Legal reserve | 130 | €9,259 | €9,259 | = | 0.0% |
| Distributable reserves | 133 | €2,408 | €2,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€757,914 | -€1,075,752 | -€317,838 | -41.9% |
| Amounts payable | 17/49 | €1,417,713 | €1,849,883 | +€432,170 | +30.5% |
| Amounts payable after more than one year | 17 | €385,011 | €343,768 | -€41,243 | -10.7% |
| Financial debts | 170/4 | €72,858 | €31,615 | -€41,243 | -56.6% |
| Advances received on contracts in progress | 176 | €312,153 | €312,153 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,014,092 | €1,506,115 | +€492,023 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €40,225 | €41,243 | +€1,017 | +2.5% |
| Trade debts | 44 | €99,988 | €66,843 | -€33,144 | -33.1% |
| Suppliers | 440/4 | €99,988 | €66,843 | -€33,144 | -33.1% |
| Taxes, remuneration and social security | 45 | €93,696 | €102,244 | +€8,549 | +9.1% |
| Taxes | 450/3 | €21,656 | €11,319 | -€10,337 | -47.7% |
| Remuneration and social security | 454/9 | €72,039 | €90,926 | +€18,886 | +26.2% |
| Other amounts payable | 47/48 | €780,183 | €1,295,784 | +€515,601 | +66.1% |
| Accrued charges and deferred income | 492/3 | €18,610 | - | -€18,610 | |
| Remuneration, social security and pensions | 62 | €658,012 | €675,357 | +€17,345 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,323 | €4,076 | -€4,246 | -51.0% |
| Other operating charges | 640/8 | €6,121 | €3,703 | -€2,417 | -39.5% |
| Gross operating margin | 9900 | €426,548 | €423,639 | -€2,908 | -0.7% |
| Operating profit (loss) | 9901 | -€245,908 | -€259,498 | -€13,590 | -5.5% |
| Financial income | 75/76B | €274 | €5,690 | +€5,416 | +1979.0% |
| Recurring financial income | 75 | €274 | €5,690 | +€5,416 | +1979.0% |
| Financial charges | 65/66B | €33,141 | €61,958 | +€28,817 | +87.0% |
| Recurring financial charges | 65 | €33,141 | €61,958 | +€28,817 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | -€278,776 | -€315,766 | -€36,991 | -13.3% |
| Income taxes | 67/77 | €1,808 | €2,072 | +€264 | +14.6% |
| Profit (loss) for the period | 9904 | -€280,584 | -€317,838 | -€37,255 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€280,584 | -€317,838 | -€37,255 | -13.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.