ACIES: 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.
ACIES
Largest movements
- Financial fixed assets +€219,326
up €219,326 (+1743.4%), from €12,580 to €231,906
- Receivables within one year -€74,533
down €74,533 (-54.7%), from €136,170 to €61,637
of which Other amounts receivable: -€45,784
- Cash +€15,713
up €15,713 (+67.9%), from €23,128 to €38,841
mainly Current portion of long-term debt (+€184,096) and Receivables within one year (+€74,533)
- Tangible fixed assets -€15,628
down €15,628 (-12.9%), from €120,976 to €105,348
of which Other tangible fixed assets: -€10,705
- Current portion of long-term debt +€184,096
up €184,096 (+1466.6%), from €12,553 to €196,649
- Profit (loss) carried forward -€57,935
down €57,935 (-100.0%), from €57,935 to €0
- Tax, wage and social debts +€20,205
up €20,205 (+85.8%), from €23,540 to €43,745
- Reserves +€14,430
up €14,430 (+8.0%), from €179,501 to €193,932
- Debts after one year -€13,066
down €13,066 (-34.0%), from €38,424 to €25,358
- Gross operating margin +€28,309
up €28,309 (+29.0%), from €97,715 to €126,024
- Taxes +€15,648
up €15,648 (+92.9%), from €16,835 to €32,483
- Financial charges -€2,097
down €2,097 (-19.8%), from €10,585 to €8,488
of which Non-recurring financial charges: -€1,507
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 | €344,797 | €489,740 | +€144,943 | +42.0% |
| Fixed assets | 21/28 | €133,556 | €337,254 | +€203,698 | +152.5% |
| Tangible fixed assets | 22/27 | €120,976 | €105,348 | -€15,628 | -12.9% |
| Furniture and vehicles | 24 | €14,677 | €9,754 | -€4,923 | -33.5% |
| Other tangible fixed assets | 26 | €106,299 | €95,594 | -€10,705 | -10.1% |
| Financial fixed assets | 28 | €12,580 | €231,906 | +€219,326 | +1743.4% |
| Current assets | 29/58 | €211,241 | €152,485 | -€58,756 | -27.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €136,170 | €61,637 | -€74,533 | -54.7% |
| Trade receivables | 40 | €60,461 | €31,711 | -€28,749 | -47.6% |
| Other amounts receivable | 41 | €75,709 | €29,926 | -€45,784 | -60.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €23,128 | €38,841 | +€15,713 | +67.9% |
| Deferred charges and accrued income | 490/1 | €1,943 | €2,007 | +€65 | +3.3% |
| Total equity and liabilities | 10/49 | €344,797 | €489,740 | +€144,943 | +42.0% |
| Equity | 10/15 | €256,036 | €212,532 | -€43,504 | -17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €179,501 | €193,932 | +€14,430 | +8.0% |
| Distributable reserves | 133 | €179,501 | €193,932 | +€14,430 | +8.0% |
| Profit (loss) carried forward | 14 | €57,935 | €0 | -€57,935 | -100.0% |
| Amounts payable | 17/49 | €88,761 | €277,208 | +€188,447 | +212.3% |
| Amounts payable after more than one year | 17 | €38,424 | €25,358 | -€13,066 | -34.0% |
| Financial debts | 170/4 | €38,424 | €25,358 | -€13,066 | -34.0% |
| Amounts payable within one year | 42/48 | €50,337 | €251,849 | +€201,513 | +400.3% |
| Current portion of amounts payable after more than one year | 42 | €12,553 | €196,649 | +€184,096 | +1466.6% |
| Financial debts | 43 | €8,930 | €6,359 | -€2,571 | -28.8% |
| Credit institutions | 430/8 | €8,930 | €6,359 | -€2,571 | -28.8% |
| Trade debts | 44 | €5,313 | €5,097 | -€217 | -4.1% |
| Suppliers | 440/4 | €5,313 | €5,097 | -€217 | -4.1% |
| Taxes, remuneration and social security | 45 | €23,540 | €43,745 | +€20,205 | +85.8% |
| Taxes | 450/3 | €23,540 | €43,745 | +€20,205 | +85.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,074 | €15,255 | +€180 | +1.2% |
| Other operating charges | 640/8 | €1,389 | €1,497 | +€108 | +7.8% |
| Gross operating margin | 9900 | €97,715 | €126,024 | +€28,309 | +29.0% |
| Operating profit (loss) | 9901 | €81,252 | €109,272 | +€28,020 | +34.5% |
| Financial income | 75/76B | €4,103 | €3,547 | -€556 | -13.6% |
| Recurring financial income | 75 | €4,103 | €3,547 | -€556 | -13.6% |
| Financial charges | 65/66B | €10,585 | €8,488 | -€2,097 | -19.8% |
| Recurring financial charges | 65 | €9,078 | €8,488 | -€590 | -6.5% |
| Non-recurring financial charges | 66B | €1,507 | €0 | -€1,507 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €74,770 | €104,331 | +€29,561 | +39.5% |
| Income taxes | 67/77 | €16,835 | €32,483 | +€15,648 | +92.9% |
| Profit (loss) for the period | 9904 | €57,935 | €71,848 | +€13,913 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,935 | €71,848 | +€13,913 | +24.0% |
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 3 October 2026 via checked.be.