ACJ: 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.
ACJ
Largest movements
- Tangible fixed assets -€26,106
down €26,106 (-19.7%), from €132,734 to €106,628
of which Land and buildings: -€24,098
- Receivables within one year +€23,980
up €23,980 (+82.5%), from €29,074 to €53,055
of which Trade receivables: +€34,013
- Intangible fixed assets -€18,000
down €18,000 (-67.1%), from €26,827 to €8,827
- Deferred charges and accrued income -€5,500
down €5,500 (-24.9%), from €22,084 to €16,584
- Profit (loss) carried forward -€40,855
down €40,855 (-30.1%), from -€135,602 to -€176,457
- Other debts +€19,819
up €19,819 (+20.8%), from €95,126 to €114,945
- Trade debts -€4,847
down €4,847 (-37.8%), from €12,831 to €7,985
- Gross operating margin +€36,528
up €36,528, from -€24,999 to €11,529
- Write-downs -€20,136
no longer reported in 2026 (was €20,136)
- Other operating charges -€2,962
down €2,962 (-46.3%), from €6,401 to €3,439
- Financial charges -€1,923
down €1,923 (-34.8%), from €5,532 to €3,609
- Depreciation -€1,073
down €1,073 (-2.3%), from €47,456 to €46,384
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,015 | €187,588 | -€25,428 | -11.9% |
| Fixed assets | 21/28 | €159,562 | €115,456 | -€44,106 | -27.6% |
| Intangible fixed assets | 21 | €26,827 | €8,827 | -€18,000 | -67.1% |
| Tangible fixed assets | 22/27 | €132,734 | €106,628 | -€26,106 | -19.7% |
| Land and buildings | 22 | €125,942 | €101,844 | -€24,098 | -19.1% |
| Plant, machinery and equipment | 23 | - | €224 | +€224 | |
| Furniture and vehicles | 24 | €6,793 | €4,560 | -€2,233 | -32.9% |
| Current assets | 29/58 | €53,454 | €72,132 | +€18,679 | +34.9% |
| Amounts receivable within one year | 40/41 | €29,074 | €53,055 | +€23,980 | +82.5% |
| Trade receivables | 40 | €19,041 | €53,055 | +€34,013 | +179% |
| Other amounts receivable | 41 | €10,033 | - | -€10,033 | |
| Cash at bank and in hand | 54/58 | €2,295 | €2,493 | +€198 | +8.6% |
| Deferred charges and accrued income | 490/1 | €22,084 | €16,584 | -€5,500 | -24.9% |
| Total equity and liabilities | 10/49 | €213,015 | €187,588 | -€25,428 | -11.9% |
| Equity | 10/15 | €100,429 | €59,574 | -€40,855 | -40.7% |
| Contributions | 10/11 | €143,243 | €143,243 | = | 0.0% |
| Reserves | 13 | €92,788 | €92,788 | = | 0.0% |
| Distributable reserves | 133 | €92,788 | €92,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,602 | -€176,457 | -€40,855 | -30.1% |
| Amounts payable | 17/49 | €112,587 | €128,014 | +€15,428 | +13.7% |
| Amounts payable after more than one year | 17 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 178/9 | €3,500 | €3,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €108,062 | €123,514 | +€15,453 | +14.3% |
| Trade debts | 44 | €12,831 | €7,985 | -€4,847 | -37.8% |
| Suppliers | 440/4 | €12,831 | €7,985 | -€4,847 | -37.8% |
| Taxes, remuneration and social security | 45 | €104 | €584 | +€480 | +462% |
| Taxes | 450/3 | €0 | €584 | +€584 | |
| Remuneration and social security | 454/9 | €104 | - | -€104 | |
| Other amounts payable | 47/48 | €95,126 | €114,945 | +€19,819 | +20.8% |
| Accrued charges and deferred income | 492/3 | €1,025 | €1,000 | -€25 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,456 | €46,384 | -€1,073 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,136 | - | -€20,136 | |
| Other operating charges | 640/8 | €6,401 | €3,439 | -€2,962 | -46.3% |
| Gross operating margin | 9900 | -€24,999 | €11,529 | +€36,528 | |
| Operating profit (loss) | 9901 | -€98,992 | -€38,293 | +€60,699 | +61.3% |
| Financial income | 75/76B | €61 | €1,047 | +€986 | +1,604% |
| Recurring financial income | 75 | €61 | €1,047 | +€986 | +1,604% |
| Financial charges | 65/66B | €5,532 | €3,609 | -€1,923 | -34.8% |
| Recurring financial charges | 65 | €5,532 | €3,609 | -€1,923 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | -€104,463 | -€40,855 | +€63,608 | +60.9% |
| Income taxes | 67/77 | €0 | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€104,463 | -€40,855 | +€63,607 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€104,463 | -€40,855 | +€63,607 | +60.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.