ACK: 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.
ACK
Largest movements
- Tangible fixed assets -€60,774
down €60,774 (-7.0%), from €870,983 to €810,209
of which Land and buildings: -€43,311
- Cash -€58,140
down €58,140 (-89.3%), from €65,127 to €6,987
mainly Net result for the year (-€91,416) and Debts after one year (-€44,248)
- Profit (loss) carried forward -€91,416
down €91,416 (-39.0%), from -€234,484 to -€325,900
- Debts after one year -€44,248
down €44,248 (-7.3%), from €603,769 to €559,520
- Other debts +€17,610
up €17,610 (+7.0%), from €251,481 to €269,091
- Gross operating margin -€35,180
down €35,180 (-94.1%), from €37,382 to €2,202
- Depreciation +€7,532
up €7,532 (+14.1%), from €53,242 to €60,774
- Financial charges +€3,971
up €3,971 (+15.6%), from €25,490 to €29,461
- Other operating charges +€381
up €381 (+45.2%), from €843 to €1,225
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 | €982,472 | €870,497 | -€111,975 | -11.4% |
| Fixed assets | 21/28 | €870,983 | €810,209 | -€60,774 | -7.0% |
| Tangible fixed assets | 22/27 | €870,983 | €810,209 | -€60,774 | -7.0% |
| Land and buildings | 22 | €816,488 | €773,177 | -€43,311 | -5.3% |
| Furniture and vehicles | 24 | €54,495 | €37,032 | -€17,463 | -32.0% |
| Current assets | 29/58 | €111,489 | €60,288 | -€51,201 | -45.9% |
| Amounts receivable within one year | 40/41 | €43,983 | €51,915 | +€7,932 | +18.0% |
| Trade receivables | 40 | €41,192 | €51,715 | +€10,523 | +25.5% |
| Other amounts receivable | 41 | €2,791 | €200 | -€2,591 | -92.8% |
| Cash at bank and in hand | 54/58 | €65,127 | €6,987 | -€58,140 | -89.3% |
| Deferred charges and accrued income | 490/1 | €2,379 | €1,387 | -€992 | -41.7% |
| Total equity and liabilities | 10/49 | €982,472 | €870,497 | -€111,975 | -11.4% |
| Equity | 10/15 | -€58,684 | -€150,100 | -€91,416 | -156% |
| Contributions | 10/11 | €175,800 | €175,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€234,484 | -€325,900 | -€91,416 | -39.0% |
| Amounts payable | 17/49 | €1,041,156 | €1,020,597 | -€20,559 | -2.0% |
| Amounts payable after more than one year | 17 | €603,769 | €559,520 | -€44,248 | -7.3% |
| Financial debts | 170/4 | €603,769 | €559,520 | -€44,248 | -7.3% |
| Amounts payable within one year | 42/48 | €431,768 | €455,030 | +€23,262 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €42,310 | €44,248 | +€1,938 | +4.6% |
| Trade debts | 44 | €137,656 | €141,393 | +€3,737 | +2.7% |
| Suppliers | 440/4 | €137,656 | €141,393 | +€3,737 | +2.7% |
| Taxes, remuneration and social security | 45 | €321 | €299 | -€22 | -7.0% |
| Taxes | 450/3 | €321 | €299 | -€22 | -7.0% |
| Other amounts payable | 47/48 | €251,481 | €269,091 | +€17,610 | +7.0% |
| Accrued charges and deferred income | 492/3 | €5,620 | €6,046 | +€427 | +7.6% |
| Non-recurring operating income | 76A | - | €749 | +€749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,242 | €60,774 | +€7,532 | +14.1% |
| Other operating charges | 640/8 | €843 | €1,225 | +€381 | +45.2% |
| Non-recurring operating charges | 66A | - | €1,925 | +€1,925 | |
| Gross operating margin | 9900 | €37,382 | €2,202 | -€35,180 | -94.1% |
| Operating profit (loss) | 9901 | -€16,703 | -€61,722 | -€45,019 | -270% |
| Financial income | 75/76B | €27 | €16 | -€11 | -39.8% |
| Recurring financial income | 75 | €27 | €16 | -€11 | -39.8% |
| Financial charges | 65/66B | €25,490 | €29,461 | +€3,971 | +15.6% |
| Recurring financial charges | 65 | €25,490 | €29,461 | +€3,971 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,166 | -€91,167 | -€49,001 | -116% |
| Income taxes | 67/77 | €329 | €249 | -€80 | -24.4% |
| Profit (loss) for the period | 9904 | -€42,495 | -€91,416 | -€48,921 | -115% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,495 | -€91,416 | -€48,921 | -115% |
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 19 October 2026 via checked.be.