ACIGOL: 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.
ACIGOL
Largest movements
- Tangible fixed assets +€341,176
up €341,176 (+9,519%), from €3,584 to €344,761
of which Land and buildings: +€342,814
- Receivables within one year -€53,984
down €53,984 (-49.4%), from €109,176 to €55,192
of which Trade receivables: -€32,685
- Other debts +€178,275
new in 2025: €178,275
- Debts after one year +€70,985
new in 2025: €70,985
- Short-term financial debts +€55,842
up €55,842 (+6,161%), from €906 to €56,749
- Tax, wage and social debts -€36,188
down €36,188 (-67.0%), from €54,025 to €17,837
- Trade debts +€15,108
up €15,108 (+68.4%), from €22,077 to €37,184
- Gross operating margin +€30,297
up €30,297 (+258%), from €11,723 to €42,020
- Depreciation +€9,423
up €9,423 (+419%), from €2,248 to €11,671
- Write-downs +€9,338
up €9,338 (+259%), from €3,600 to €12,938
- Financial charges +€7,444
up €7,444 (+125%), from €5,973 to €13,417
- Financial income -€5,420
down €5,420 (-99.9%), from €5,425 to €5
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 | €115,832 | €401,212 | +€285,380 | +246% |
| Fixed assets | 21/28 | €3,584 | €344,761 | +€341,176 | +9,519% |
| Tangible fixed assets | 22/27 | €3,584 | €344,761 | +€341,176 | +9,519% |
| Land and buildings | 22 | - | €342,814 | +€342,814 | |
| Plant, machinery and equipment | 23 | €2,685 | €1,410 | -€1,275 | -47.5% |
| Furniture and vehicles | 24 | €899 | €536 | -€363 | -40.4% |
| Current assets | 29/58 | €112,248 | €56,451 | -€55,797 | -49.7% |
| Amounts receivable within one year | 40/41 | €109,176 | €55,192 | -€53,984 | -49.4% |
| Trade receivables | 40 | €79,676 | €46,992 | -€32,685 | -41.0% |
| Other amounts receivable | 41 | €29,499 | €8,200 | -€21,299 | -72.2% |
| Cash at bank and in hand | 54/58 | €3,072 | €296 | -€2,776 | -90.4% |
| Deferred charges and accrued income | 490/1 | - | €964 | +€964 | |
| Total equity and liabilities | 10/49 | €115,832 | €401,212 | +€285,380 | +246% |
| Equity | 10/15 | €38,824 | €31,248 | -€7,576 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,364 | €10,788 | -€7,576 | -41.3% |
| Amounts payable | 17/49 | €77,008 | €369,964 | +€292,955 | +380% |
| Amounts payable after more than one year | 17 | - | €70,985 | +€70,985 | |
| Financial debts | 170/4 | - | €70,985 | +€70,985 | |
| Amounts payable within one year | 42/48 | €77,008 | €290,045 | +€213,036 | +277% |
| Financial debts | 43 | €906 | €56,749 | +€55,842 | +6,161% |
| Credit institutions | 430/8 | €906 | €56,749 | +€55,842 | +6,161% |
| Trade debts | 44 | €22,077 | €37,184 | +€15,108 | +68.4% |
| Suppliers | 440/4 | €22,077 | €37,184 | +€15,108 | +68.4% |
| Taxes, remuneration and social security | 45 | €54,025 | €17,837 | -€36,188 | -67.0% |
| Taxes | 450/3 | €54,025 | €17,837 | -€36,188 | -67.0% |
| Other amounts payable | 47/48 | - | €178,275 | +€178,275 | |
| Accrued charges and deferred income | 492/3 | - | €8,934 | +€8,934 | |
| Remuneration, social security and pensions | 62 | €2,195 | €1,907 | -€288 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,248 | €11,671 | +€9,423 | +419% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,600 | €12,938 | +€9,338 | +259% |
| Other operating charges | 640/8 | €2,704 | €5,668 | +€2,964 | +110% |
| Gross operating margin | 9900 | €11,723 | €42,020 | +€30,297 | +258% |
| Operating profit (loss) | 9901 | €976 | €9,837 | +€8,861 | +908% |
| Financial income | 75/76B | €5,425 | €5 | -€5,420 | -99.9% |
| Recurring financial income | 75 | €5,425 | €5 | -€5,420 | -99.9% |
| Financial charges | 65/66B | €5,973 | €13,417 | +€7,444 | +125% |
| Recurring financial charges | 65 | €5,973 | €13,417 | +€7,444 | +125% |
| Profit (loss) for the period before taxes | 9903 | €428 | -€3,576 | -€4,004 | |
| Income taxes | 67/77 | €5,735 | €4,000 | -€1,735 | -30.3% |
| Profit (loss) for the period | 9904 | -€5,307 | -€7,576 | -€2,268 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,307 | -€7,576 | -€2,268 | -42.7% |
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 25 October 2026 via checked.be.