ACLAGEST: 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.
ACLAGEST
Largest movements
- Current investments +€22,833
up €22,833 (+29.5%), from €77,376 to €100,209
- Cash -€17,559
down €17,559 (-31.5%), from €55,730 to €38,171
mainly Current investments (-€22,833) and Net result for the year (-€15,780)
- Tangible fixed assets -€14,244
down €14,244 (-18.5%), from €77,182 to €62,938
of which Furniture and vehicles: -€8,206
- Receivables within one year -€2,976
down €2,976 (-8.8%), from €33,752 to €30,777
of which Trade receivables: -€2,181
- Profit (loss) carried forward -€15,780
down €15,780 (-58.5%), from -€26,958 to -€42,738
- Gross operating margin +€12,974
up €12,974, from -€10,582 to €2,392
- Depreciation +€271
up €271 (+1.7%), from €15,824 to €16,095
- Financial income -€248
down €248 (-35.7%), from €694 to €447
- Other operating charges -€216
down €216 (-9.3%), from €2,324 to €2,108
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 | €247,193 | €235,276 | -€11,917 | -4.8% |
| Fixed assets | 21/28 | €79,012 | €64,769 | -€14,244 | -18.0% |
| Tangible fixed assets | 22/27 | €77,182 | €62,938 | -€14,244 | -18.5% |
| Land and buildings | 22 | €47,137 | €41,098 | -€6,038 | -12.8% |
| Furniture and vehicles | 24 | €30,045 | €21,840 | -€8,206 | -27.3% |
| Financial fixed assets | 28 | €1,831 | €1,831 | = | 0.0% |
| Current assets | 29/58 | €168,180 | €170,507 | +€2,327 | +1.4% |
| Amounts receivable within one year | 40/41 | €33,752 | €30,777 | -€2,976 | -8.8% |
| Trade receivables | 40 | €31,891 | €29,710 | -€2,181 | -6.8% |
| Other amounts receivable | 41 | €1,861 | €1,066 | -€795 | -42.7% |
| Current investments | 50/53 | €77,376 | €100,209 | +€22,833 | +29.5% |
| Cash at bank and in hand | 54/58 | €55,730 | €38,171 | -€17,559 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,322 | €1,350 | +€28 | +2.1% |
| Total equity and liabilities | 10/49 | €247,193 | €235,276 | -€11,917 | -4.8% |
| Equity | 10/15 | €243,602 | €227,822 | -€15,780 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €264,360 | €264,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €152,500 | €152,500 | = | 0.0% |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,958 | -€42,738 | -€15,780 | -58.5% |
| Amounts payable | 17/49 | €3,590 | €7,454 | +€3,863 | +108% |
| Amounts payable within one year | 42/48 | €3,590 | €7,454 | +€3,863 | +108% |
| Trade debts | 44 | €669 | €2,418 | +€1,749 | +261% |
| Suppliers | 440/4 | €669 | €2,418 | +€1,749 | +261% |
| Taxes, remuneration and social security | 45 | €382 | €132 | -€250 | -65.4% |
| Taxes | 450/3 | €382 | €132 | -€250 | -65.4% |
| Other amounts payable | 47/48 | €2,539 | €4,904 | +€2,364 | +93.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,824 | €16,095 | +€271 | +1.7% |
| Other operating charges | 640/8 | €2,324 | €2,108 | -€216 | -9.3% |
| Gross operating margin | 9900 | -€10,582 | €2,392 | +€12,974 | |
| Operating profit (loss) | 9901 | -€28,730 | -€15,811 | +€12,919 | +45.0% |
| Financial income | 75/76B | €694 | €447 | -€248 | -35.7% |
| Recurring financial income | 75 | €694 | €447 | -€248 | -35.7% |
| Financial charges | 65/66B | €207 | €193 | -€14 | -6.8% |
| Recurring financial charges | 65 | €207 | €193 | -€14 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,243 | -€15,557 | +€12,686 | +44.9% |
| Income taxes | 67/77 | €247 | €224 | -€23 | -9.4% |
| Profit (loss) for the period | 9904 | -€28,489 | -€15,780 | +€12,709 | +44.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,489 | -€15,780 | +€12,709 | +44.6% |
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.