ACKHURST-DE PAEPE: 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.
ACKHURST-DE PAEPE
Largest movements
- Tangible fixed assets -€85,623
down €85,623 (-4.0%), from €2.2m to €2.1m
of which Land and buildings: -€75,524
- Receivables within one year +€35,656
up €35,656 (+35.4%), from €100,743 to €136,399
of which Trade receivables: +€19,818
- Debts after one year -€93,619
down €93,619 (-4.7%), from €2.0m to €1.9m
- Other debts +€30,905
up €30,905 (+7.4%), from €418,127 to €449,032
- Gross operating margin +€35,201
up €35,201 (+26.3%), from €134,030 to €169,231
- Depreciation +€6,517
up €6,517 (+6.2%), from €105,732 to €112,249
- Other operating charges +€5,723
up €5,723 (+354%), from €1,615 to €7,338
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 | €2,265,348 | €2,206,874 | -€58,474 | -2.6% |
| Fixed assets | 21/28 | €2,155,782 | €2,069,066 | -€86,716 | -4.0% |
| Intangible fixed assets | 21 | €4,240 | €3,147 | -€1,093 | -25.8% |
| Tangible fixed assets | 22/27 | €2,151,542 | €2,065,919 | -€85,623 | -4.0% |
| Land and buildings | 22 | €1,948,076 | €1,872,553 | -€75,524 | -3.9% |
| Plant, machinery and equipment | 23 | €185,627 | €142,763 | -€42,864 | -23.1% |
| Furniture and vehicles | 24 | €17,839 | €19,620 | +€1,781 | +10.0% |
| Leasing and similar rights | 25 | - | €30,983 | +€30,983 | |
| Current assets | 29/58 | €109,565 | €137,807 | +€28,242 | +25.8% |
| Amounts receivable within one year | 40/41 | €100,743 | €136,399 | +€35,656 | +35.4% |
| Trade receivables | 40 | €88,837 | €108,655 | +€19,818 | +22.3% |
| Other amounts receivable | 41 | €11,906 | €27,743 | +€15,837 | +133% |
| Cash at bank and in hand | 54/58 | €8,822 | €1,409 | -€7,414 | -84.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,265,348 | €2,206,874 | -€58,474 | -2.6% |
| Equity | 10/15 | -€280,240 | -€260,631 | +€19,609 | +7.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€285,240 | -€265,631 | +€19,609 | +6.9% |
| Amounts payable | 17/49 | €2,545,588 | €2,467,505 | -€78,083 | -3.1% |
| Amounts payable after more than one year | 17 | €1,978,599 | €1,884,979 | -€93,619 | -4.7% |
| Financial debts | 170/4 | €1,978,599 | €1,884,979 | -€93,619 | -4.7% |
| Amounts payable within one year | 42/48 | €563,702 | €582,115 | +€18,413 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €117,362 | €126,252 | +€8,890 | +7.6% |
| Trade debts | 44 | €17,101 | €2,594 | -€14,506 | -84.8% |
| Suppliers | 440/4 | €17,101 | €2,594 | -€14,506 | -84.8% |
| Taxes, remuneration and social security | 45 | €11,113 | €4,237 | -€6,875 | -61.9% |
| Taxes | 450/3 | €11,113 | €4,237 | -€6,875 | -61.9% |
| Other amounts payable | 47/48 | €418,127 | €449,032 | +€30,905 | +7.4% |
| Accrued charges and deferred income | 492/3 | €3,287 | €410 | -€2,877 | -87.5% |
| Non-recurring operating income | 76A | €3,454 | €0 | -€3,454 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,732 | €112,249 | +€6,517 | +6.2% |
| Other operating charges | 640/8 | €1,615 | €7,338 | +€5,723 | +354% |
| Gross operating margin | 9900 | €134,030 | €169,231 | +€35,201 | +26.3% |
| Operating profit (loss) | 9901 | €26,682 | €49,643 | +€22,961 | +86.1% |
| Financial charges | 65/66B | €30,054 | €30,034 | -€20 | -0.1% |
| Recurring financial charges | 65 | €30,054 | €30,034 | -€20 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,372 | €19,609 | +€22,982 | |
| Profit (loss) for the period | 9904 | -€3,372 | €19,609 | +€22,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,372 | €19,609 | +€22,982 |
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 30 October 2026 via checked.be.