ACK INVEST: 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 INVEST
Largest movements
- Stocks and contracts +€809,570
new in 2025: €809,570
- Tangible fixed assets -€802,993
down €802,993 (-99.8%), from €804,775 to €1,781
of which Land and buildings: -€797,170
- Cash +€39,622
up €39,622 (+2,088%), from €1,898 to €41,520
mainly Investment in fixed assets (net) (+€802,446) and Other debts (+€48,489)
- Receivables within one year -€36,682
down €36,682 (-46.8%), from €78,298 to €41,616
- Profit (loss) carried forward -€49,397
down €49,397 (-37.8%), from €130,569 to €81,172
- Other debts +€48,489
up €48,489 (+84.9%), from €57,085 to €105,575
- Debts after one year +€33,528
up €33,528 (+5.1%), from €662,389 to €695,917
- Current portion of long-term debt -€28,405
no longer reported in 2025 (was €28,405)
- Tax, wage and social debts +€9,788
up €9,788 (+5,375%), from €182 to €9,971
- Gross operating margin -€45,711
down €45,711, from €27,388 to -€18,323
- Depreciation -€26,909
down €26,909 (-98.0%), from €27,457 to €548
- Other operating charges +€14,182
up €14,182 (+2,442%), from €581 to €14,762
- Financial charges -€3,624
down €3,624 (-18.7%), from €19,421 to €15,796
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 | €894,525 | €902,516 | +€7,992 | +0.9% |
| Fixed assets | 21/28 | €812,805 | €9,811 | -€802,993 | -98.8% |
| Tangible fixed assets | 22/27 | €804,775 | €1,781 | -€802,993 | -99.8% |
| Land and buildings | 22 | €797,170 | - | -€797,170 | |
| Furniture and vehicles | 24 | €7,605 | €1,781 | -€5,824 | -76.6% |
| Financial fixed assets | 28 | €8,030 | €8,030 | = | 0.0% |
| Current assets | 29/58 | €81,720 | €892,705 | +€810,985 | +992% |
| Stocks and contracts in progress | 3 | - | €809,570 | +€809,570 | |
| Stocks | 30/36 | - | €809,570 | +€809,570 | |
| Amounts receivable within one year | 40/41 | €78,298 | €41,616 | -€36,682 | -46.8% |
| Other amounts receivable | 41 | €78,298 | €41,616 | -€36,682 | -46.8% |
| Cash at bank and in hand | 54/58 | €1,898 | €41,520 | +€39,622 | +2,088% |
| Deferred charges and accrued income | 490/1 | €1,524 | - | -€1,524 | |
| Total equity and liabilities | 10/49 | €894,525 | €902,516 | +€7,992 | +0.9% |
| Equity | 10/15 | €136,818 | €87,421 | -€49,397 | -36.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,569 | €81,172 | -€49,397 | -37.8% |
| Amounts payable | 17/49 | €757,706 | €815,095 | +€57,389 | +7.6% |
| Amounts payable after more than one year | 17 | €662,389 | €695,917 | +€33,528 | +5.1% |
| Financial debts | 170/4 | €662,389 | €695,917 | +€33,528 | +5.1% |
| Amounts payable within one year | 42/48 | €95,317 | €119,178 | +€23,861 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €28,405 | - | -€28,405 | |
| Trade debts | 44 | €9,644 | €3,633 | -€6,012 | -62.3% |
| Suppliers | 440/4 | €9,644 | €3,633 | -€6,012 | -62.3% |
| Taxes, remuneration and social security | 45 | €182 | €9,971 | +€9,788 | +5,375% |
| Taxes | 450/3 | €182 | €9,971 | +€9,788 | +5,375% |
| Other amounts payable | 47/48 | €57,085 | €105,575 | +€48,489 | +84.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,457 | €548 | -€26,909 | -98.0% |
| Other operating charges | 640/8 | €581 | €14,762 | +€14,182 | +2,442% |
| Gross operating margin | 9900 | €27,388 | -€18,323 | -€45,711 | |
| Operating profit (loss) | 9901 | -€649 | -€33,633 | -€32,984 | -5,080% |
| Financial income | 75/76B | €9 | €33 | +€24 | +267% |
| Recurring financial income | 75 | €9 | €33 | +€24 | +267% |
| Financial charges | 65/66B | €19,421 | €15,796 | -€3,624 | -18.7% |
| Recurring financial charges | 65 | €19,421 | €15,796 | -€3,624 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,061 | -€49,397 | -€29,336 | -146% |
| Income taxes | 67/77 | €182 | - | -€182 | |
| Profit (loss) for the period | 9904 | -€20,243 | -€49,397 | -€29,154 | -144% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,243 | -€49,397 | -€29,154 | -144% |
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 28 October 2026 via checked.be.