ACKERMAN CHRISTINE: 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.
ACKERMAN CHRISTINE
Largest movements
- Current investments +€50,000
up €50,000 (+99.5%), from €50,250 to €100,250
- Cash +€46,112
up €46,112 (+110.3%), from €41,808 to €87,919
mainly Net result for the year (+€58,397) and Depreciation (+€50,552)
- Tangible fixed assets -€45,066
down €45,066 (-14.9%), from €302,508 to €257,442
of which Land and buildings: -€42,790
- Receivables within one year -€11,258
down €11,258 (-100.0%), from €11,258 to €0
of which Other amounts receivable: -€8,874
- Other debts +€18,261
up €18,261 (+719.2%), from €2,539 to €20,800
- Reserves +€18,014
up €18,014 (+6.7%), from €267,516 to €285,530
- Tax, wage and social debts +€8,421
up €8,421 (+311.4%), from €2,704 to €11,125
of which Taxes: +€10,625
- Gross operating margin +€82,191
up €82,191 (+147.2%), from €55,844 to €138,035
- Taxes +€24,912
up €24,912 (+19830.9%), from €126 to €25,037
- Other operating charges +€2,975
up €2,975 (+124.6%), from €2,388 to €5,363
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 | €419,070 | €462,396 | +€43,326 | +10.3% |
| Fixed assets | 21/28 | €302,508 | €257,442 | -€45,066 | -14.9% |
| Tangible fixed assets | 22/27 | €302,508 | €257,442 | -€45,066 | -14.9% |
| Land and buildings | 22 | €291,241 | €248,451 | -€42,790 | -14.7% |
| Furniture and vehicles | 24 | €11,268 | €8,991 | -€2,276 | -20.2% |
| Current assets | 29/58 | €116,562 | €204,954 | +€88,392 | +75.8% |
| Amounts receivable within one year | 40/41 | €11,258 | €0 | -€11,258 | -100.0% |
| Trade receivables | 40 | €2,383 | €0 | -€2,383 | -100.0% |
| Other amounts receivable | 41 | €8,874 | €0 | -€8,874 | -100.0% |
| Current investments | 50/53 | €50,250 | €100,250 | +€50,000 | +99.5% |
| Cash at bank and in hand | 54/58 | €41,808 | €87,919 | +€46,112 | +110.3% |
| Deferred charges and accrued income | 490/1 | €13,246 | €16,784 | +€3,538 | +26.7% |
| Total equity and liabilities | 10/49 | €419,070 | €462,396 | +€43,326 | +10.3% |
| Equity | 10/15 | €280,366 | €298,777 | +€18,412 | +6.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €267,516 | €285,530 | +€18,014 | +6.7% |
| Distributable reserves | 133 | €267,516 | €285,530 | +€18,014 | +6.7% |
| Profit (loss) carried forward | 14 | €450 | €847 | +€397 | +88.4% |
| Provisions and deferred taxes | 16 | €130,676 | €130,676 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €130,676 | €130,676 | = | 0.0% |
| Pensions and similar obligations | 160 | €130,676 | €130,676 | = | 0.0% |
| Amounts payable | 17/49 | €8,029 | €32,943 | +€24,914 | +310.3% |
| Amounts payable within one year | 42/48 | €8,029 | €32,943 | +€24,914 | +310.3% |
| Trade debts | 44 | €1,263 | €1,017 | -€245 | -19.4% |
| Suppliers | 440/4 | €1,263 | €1,017 | -€245 | -19.4% |
| Advances received on contracts in progress | 46 | €1,523 | €0 | -€1,523 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,704 | €11,125 | +€8,421 | +311.4% |
| Taxes | 450/3 | €500 | €11,125 | +€10,625 | +2124.9% |
| Remuneration and social security | 454/9 | €2,204 | €0 | -€2,204 | -100.0% |
| Other amounts payable | 47/48 | €2,539 | €20,800 | +€18,261 | +719.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,208 | €50,552 | +€344 | +0.7% |
| Other operating charges | 640/8 | €2,388 | €5,363 | +€2,975 | +124.6% |
| Gross operating margin | 9900 | €55,844 | €138,035 | +€82,191 | +147.2% |
| Operating profit (loss) | 9901 | €3,248 | €82,120 | +€78,872 | +2428.1% |
| Financial income | 75/76B | €902 | €1,421 | +€519 | +57.6% |
| Recurring financial income | 75 | €902 | €1,421 | +€519 | +57.6% |
| Financial charges | 65/66B | €42 | €106 | +€64 | +152.9% |
| Recurring financial charges | 65 | €42 | €106 | +€64 | +152.9% |
| Profit (loss) for the period before taxes | 9903 | €4,108 | €83,435 | +€79,327 | +1931.1% |
| Income taxes | 67/77 | €126 | €25,037 | +€24,912 | +19830.9% |
| Profit (loss) for the period | 9904 | €3,982 | €58,397 | +€54,415 | +1366.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,982 | €58,397 | +€54,415 | +1366.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.