ACJS MANAGEMENT: 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.
ACJS MANAGEMENT
Largest movements
- Tangible fixed assets +€78,092
up €78,092 (+4797.2%), from €1,628 to €79,720
- Cash +€28,078
up €28,078 (+24.5%), from €114,549 to €142,627
mainly Debts after one year (+€57,965) and Net result for the year (+€41,596)
- Receivables within one year +€24,297
up €24,297 (+98.0%), from €24,786 to €49,082
of which Other amounts receivable: +€20,925
- Receivables after one year -€18,993
down €18,993 (-68.0%), from €27,913 to €8,919
- Debts after one year +€57,965
new in 2025: €57,965
- Reserves +€23,896
up €23,896 (+17.6%), from €135,737 to €159,633
- Other debts +€17,700
new in 2025: €17,700
- Current portion of long-term debt +€14,823
new in 2025: €14,823
- Gross operating margin -€9,931
down €9,931 (-12.2%), from €81,199 to €71,268
- Depreciation +€7,243
up €7,243 (+795.8%), from €910 to €8,153
- Other operating charges +€5,958
up €5,958 (+654.0%), from €911 to €6,869
- Taxes -€3,057
down €3,057 (-18.0%), from €16,971 to €13,914
- Financial charges +€1,374
up €1,374 (+1006.3%), from €137 to €1,511
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 | €170,122 | €282,847 | +€112,725 | +66.3% |
| Fixed assets | 21/28 | €1,628 | €79,720 | +€78,092 | +4797.2% |
| Tangible fixed assets | 22/27 | €1,628 | €79,720 | +€78,092 | +4797.2% |
| Furniture and vehicles | 24 | €1,628 | €79,720 | +€78,092 | +4797.2% |
| Current assets | 29/58 | €168,494 | €203,127 | +€34,633 | +20.6% |
| Amounts receivable after more than one year | 29 | €27,913 | €8,919 | -€18,993 | -68.0% |
| Other amounts receivable | 291 | €27,913 | €8,919 | -€18,993 | -68.0% |
| Amounts receivable within one year | 40/41 | €24,786 | €49,082 | +€24,297 | +98.0% |
| Trade receivables | 40 | €24,786 | €28,157 | +€3,371 | +13.6% |
| Other amounts receivable | 41 | - | €20,925 | +€20,925 | |
| Cash at bank and in hand | 54/58 | €114,549 | €142,627 | +€28,078 | +24.5% |
| Deferred charges and accrued income | 490/1 | €1,247 | €2,499 | +€1,252 | +100.4% |
| Total equity and liabilities | 10/49 | €170,122 | €282,847 | +€112,725 | +66.3% |
| Equity | 10/15 | €137,599 | €161,495 | +€23,896 | +17.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €135,737 | €159,633 | +€23,896 | +17.6% |
| Distributable reserves | 133 | €135,737 | €159,633 | +€23,896 | +17.6% |
| Profit (loss) carried forward | 14 | €862 | €862 | = | 0.0% |
| Amounts payable | 17/49 | €32,523 | €121,352 | +€88,829 | +273.1% |
| Amounts payable after more than one year | 17 | - | €57,965 | +€57,965 | |
| Financial debts | 170/4 | - | €57,965 | +€57,965 | |
| Amounts payable within one year | 42/48 | €31,258 | €63,387 | +€32,130 | +102.8% |
| Current portion of amounts payable after more than one year | 42 | - | €14,823 | +€14,823 | |
| Trade debts | 44 | €2,320 | €400 | -€1,921 | -82.8% |
| Suppliers | 440/4 | €2,320 | €400 | -€1,921 | -82.8% |
| Taxes, remuneration and social security | 45 | €28,937 | €30,465 | +€1,528 | +5.3% |
| Taxes | 450/3 | €28,937 | €27,819 | -€1,118 | -3.9% |
| Remuneration and social security | 454/9 | - | €2,646 | +€2,646 | |
| Other amounts payable | 47/48 | - | €17,700 | +€17,700 | |
| Accrued charges and deferred income | 492/3 | €1,266 | - | -€1,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €8,153 | +€7,243 | +795.8% |
| Other operating charges | 640/8 | €911 | €6,869 | +€5,958 | +654.0% |
| Gross operating margin | 9900 | €81,199 | €71,268 | -€9,931 | -12.2% |
| Operating profit (loss) | 9901 | €79,378 | €56,246 | -€23,132 | -29.1% |
| Financial income | 75/76B | €467 | €775 | +€308 | +66.0% |
| Recurring financial income | 75 | €467 | €775 | +€308 | +66.0% |
| Financial charges | 65/66B | €137 | €1,511 | +€1,374 | +1006.3% |
| Recurring financial charges | 65 | €137 | €1,511 | +€1,374 | +1006.3% |
| Profit (loss) for the period before taxes | 9903 | €79,708 | €55,510 | -€24,198 | -30.4% |
| Income taxes | 67/77 | €16,971 | €13,914 | -€3,057 | -18.0% |
| Profit (loss) for the period | 9904 | €62,737 | €41,596 | -€21,141 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,737 | €41,596 | -€21,141 | -33.7% |
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 11 October 2026 via checked.be.