ACJA: 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.
ACJA
Largest movements
- Tangible fixed assets -€57,925
down €57,925 (-3.1%), from €1.9m to €1.8m
- Cash +€33,343
up €33,343 (+230.6%), from €14,460 to €47,804
mainly Depreciation (+€72,244) and Current investments (+€20,035)
- Current investments -€20,035
down €20,035 (-33.3%), from €60,105 to €40,070
- Other debts -€38,733
down €38,733 (-6.5%), from €596,203 to €557,470
- Current portion of long-term debt -€32,334
down €32,334 (-83.4%), from €38,755 to €6,421
- Gross operating margin +€19,662
up €19,662 (+19.3%), from €102,096 to €121,758
- Depreciation -€13,174
down €13,174 (-15.4%), from €85,417 to €72,244
- Financial charges +€9,741
up €9,741 (+35.4%), from €27,538 to €37,279
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 | €1,933,001 | €1,887,028 | -€45,973 | -2.4% |
| Fixed assets | 21/28 | €1,852,458 | €1,794,534 | -€57,925 | -3.1% |
| Tangible fixed assets | 22/27 | €1,852,458 | €1,794,534 | -€57,925 | -3.1% |
| Land and buildings | 22 | €1,852,458 | €1,794,534 | -€57,925 | -3.1% |
| Current assets | 29/58 | €80,542 | €92,494 | +€11,952 | +14.8% |
| Amounts receivable within one year | 40/41 | €858 | - | -€858 | |
| Other amounts receivable | 41 | €858 | - | -€858 | |
| Current investments | 50/53 | €60,105 | €40,070 | -€20,035 | -33.3% |
| Cash at bank and in hand | 54/58 | €14,460 | €47,804 | +€33,343 | +230.6% |
| Deferred charges and accrued income | 490/1 | €5,119 | €4,620 | -€498 | -9.7% |
| Total equity and liabilities | 10/49 | €1,933,001 | €1,887,028 | -€45,973 | -2.4% |
| Equity | 10/15 | €1,236,945 | €1,232,553 | -€4,393 | -0.4% |
| Contributions | 10/11 | €1,225,000 | €1,225,000 | = | 0.0% |
| Reserves | 13 | €54,297 | €54,297 | = | 0.0% |
| Distributable reserves | 133 | €54,297 | €54,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,352 | -€46,744 | -€4,393 | -10.4% |
| Amounts payable | 17/49 | €696,055 | €654,475 | -€41,580 | -6.0% |
| Amounts payable after more than one year | 17 | €38,474 | €56,851 | +€18,378 | +47.8% |
| Financial debts | 170/4 | €38,474 | €56,851 | +€18,378 | +47.8% |
| Amounts payable within one year | 42/48 | €636,474 | €565,283 | -€71,191 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €38,755 | €6,421 | -€32,334 | -83.4% |
| Trade debts | 44 | €1,177 | €1,032 | -€145 | -12.3% |
| Suppliers | 440/4 | €1,177 | €1,032 | -€145 | -12.3% |
| Taxes, remuneration and social security | 45 | €339 | €360 | +€21 | +6.1% |
| Taxes | 450/3 | €339 | €360 | +€21 | +6.1% |
| Other amounts payable | 47/48 | €596,203 | €557,470 | -€38,733 | -6.5% |
| Accrued charges and deferred income | 492/3 | €21,108 | €32,341 | +€11,233 | +53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,417 | €72,244 | -€13,174 | -15.4% |
| Other operating charges | 640/8 | €16,067 | €16,498 | +€431 | +2.7% |
| Gross operating margin | 9900 | €102,096 | €121,758 | +€19,662 | +19.3% |
| Operating profit (loss) | 9901 | €611 | €33,016 | +€32,405 | +5300.7% |
| Financial income | 75/76B | €469 | €328 | -€141 | -30.0% |
| Recurring financial income | 75 | €469 | €328 | -€141 | -30.0% |
| Financial charges | 65/66B | €27,538 | €37,279 | +€9,741 | +35.4% |
| Recurring financial charges | 65 | €27,538 | €37,279 | +€9,741 | +35.4% |
| Profit (loss) for the period before taxes | 9903 | -€26,458 | -€3,934 | +€22,524 | +85.1% |
| Income taxes | 67/77 | €402 | €458 | +€56 | +13.9% |
| Profit (loss) for the period | 9904 | -€26,861 | -€4,393 | +€22,468 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,861 | -€4,393 | +€22,468 | +83.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.