ACLAGRO PROJECTS: 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.
What changed
ACLAGRO PROJECTS
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · €673,576-€1.9m
Equity
€2.7m
2024 · €3.9m-€1.2m
Cash
€1.1m
2024 · €975,114+€98,540
Balance sheet total
€13.4m
2024 · €14.1m-€703,018
Largest movements
Assets
- Financial fixed assets -€1.0m
down €1.0m (-23.3%), from €4.4m to €3.4m
of which Affiliated companies: -€1.0m
- Receivables within one year +€346,543
up €346,543 (+8.1%), from €4.3m to €4.6m
of which Other amounts receivable: +€819,530
Equity and liabilities
- Profit (loss) carried forward -€1.2m
down €1.2m (-65.3%), from €1.8m to €634,520
- Other debts +€467,500
up €467,500 (+60.2%), from €776,250 to €1.2m
Income statement
- Turnover -€2.1m
down €2.1m (-85.0%), from €2.5m to €374,787
- Goods and materials -€1.6m
down €1.6m (-92.8%), from €1.7m to €120,142
of which Change in stocks: decrease (increase): -€1.3m
- Financial income -€1.4m
down €1.4m (-95.6%), from €1.4m to €62,635
- Financial charges +€668,726
up €668,726 (+90.0%), from €743,144 to €1.4m
of which Non-recurring financial charges: +€1.0m
- Other operating income +€76,127
up €76,127 (+1457.6%), from €5,223 to €81,350
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.
Result 2024
€673,576
Turnover
-€2.1m
Other operating income
+€76,127
Goods and materials
+€1.6m
Services and other goods
+€27,363
Other operating charges
-€26,706
Other operating items
+€634,841
Financial income
-€1.4m
Financial charges
-€668,726
Taxes
+€1,915
Result 2025
-€1.2m
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.
From operations
-€931,920
Investment
+€1.0m
Financing
€0
Cash 2024
€975,114
From operations (derived)
-€931,920
Net result for the year
-€1.2m
Stocks and contracts
+€117,169
Receivables within one year
-€346,543
Smaller working-capital items
+€702
Trade debts
+€8,992
Other debts
+€467,500
Accrued charges and deferred income
+€16,804
Investment (derived)
+€1.0m
Investment in fixed assets (net)
+€1.0m
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,115,557 | €13,412,540 | -€703,018 | -5.0% |
| Fixed assets | 21/28 | €4,427,684 | €3,397,224 | -€1.0m | -23.3% |
| Financial fixed assets | 28 | €4,427,684 | €3,397,224 | -€1.0m | -23.3% |
| Affiliated companies | 280/1 | €4,407,184 | €3,397,224 | -€1.0m | -22.9% |
| Participating interests | 280 | €4,407,184 | €3,397,224 | -€1.0m | -22.9% |
| Companies linked by participating interests | 282/3 | €20,500 | - | -€20,500 | |
| Participating interests | 282 | €20,500 | - | -€20,500 | |
| Current assets | 29/58 | €9,687,873 | €10,015,316 | +€327,443 | +3.4% |
| Stocks and contracts in progress | 3 | €4,446,505 | €4,329,336 | -€117,169 | -2.6% |
| Stocks | 30/36 | €4,446,505 | €4,329,336 | -€117,169 | -2.6% |
| Property held for sale | 35 | €4,446,505 | €4,329,336 | -€117,169 | -2.6% |
| Amounts receivable within one year | 40/41 | €4,263,935 | €4,610,478 | +€346,543 | +8.1% |
| Trade receivables | 40 | €489,385 | €16,399 | -€472,987 | -96.6% |
| Other amounts receivable | 41 | €3,774,550 | €4,594,079 | +€819,530 | +21.7% |
| Cash at bank and in hand | 54/58 | €975,114 | €1,073,654 | +€98,540 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,319 | €1,847 | -€471 | -20.3% |
| Total equity and liabilities | 10/49 | €14,115,557 | €13,412,540 | -€703,018 | -5.0% |
| Equity | 10/15 | €3,931,065 | €2,734,520 | -€1.2m | -30.4% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €1,100,000 | €1,100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,831,065 | €634,520 | -€1.2m | -65.3% |
| Amounts payable | 17/49 | €10,184,492 | €10,678,020 | +€493,527 | +4.8% |
| Amounts payable after more than one year | 17 | €6,200,000 | €6,200,000 | = | 0.0% |
| Financial debts | 170/4 | €6,200,000 | €6,200,000 | = | 0.0% |
| Subordinated loans | 170 | €6,200,000 | €6,200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,927,088 | €4,403,811 | +€476,723 | +12.1% |
| Financial debts | 43 | €3,150,000 | €3,150,000 | = | 0.0% |
| Credit institutions | 430/8 | €3,150,000 | €3,150,000 | = | 0.0% |
| Trade debts | 44 | €838 | €9,830 | +€8,992 | +1073.0% |
| Suppliers | 440/4 | €838 | €9,830 | +€8,992 | +1073.0% |
| Taxes, remuneration and social security | 45 | - | €231 | +€231 | |
| Taxes | 450/3 | - | €231 | +€231 | |
| Other amounts payable | 47/48 | €776,250 | €1,243,750 | +€467,500 | +60.2% |
| Accrued charges and deferred income | 492/3 | €57,404 | €74,209 | +€16,804 | +29.3% |
| Operating income | 70/76A | €2,496,920 | €456,137 | -€2.0m | -81.7% |
| Turnover | 70 | €2,491,697 | €374,787 | -€2.1m | -85.0% |
| Other operating income | 74 | €5,223 | €81,350 | +€76,127 | +1457.6% |
| Operating charges | 60/66A | €2,492,654 | €303,950 | -€2.2m | -87.8% |
| Goods for resale, raw materials and consumables | 60 | €1,673,348 | €120,142 | -€1.6m | -92.8% |
| Purchases | 600/8 | €231,562 | €2,973 | -€228,589 | -98.7% |
| Change in stocks: decrease (increase) | 609 | €1,441,786 | €117,169 | -€1.3m | -91.9% |
| Services and other goods | 61 | €57,872 | €30,509 | -€27,363 | -47.3% |
| Other operating charges | 640/8 | €19,093 | €45,799 | +€26,706 | +139.9% |
| Non-recurring operating charges | 66A | €742,341 | €107,500 | -€634,841 | -85.5% |
| Operating profit (loss) | 9901 | €4,266 | €152,186 | +€147,921 | +3467.7% |
| Financial income | 75/76B | €1,413,865 | €62,635 | -€1.4m | -95.6% |
| Recurring financial income | 75 | €1,413,865 | €62,635 | -€1.4m | -95.6% |
| Income from financial fixed assets | 750 | €1,046,500 | - | -€1.0m | |
| Income from current assets | 751 | €367,365 | €28,544 | -€338,821 | -92.2% |
| Other financial income | 752/9 | - | €34,091 | +€34,091 | |
| Financial charges | 65/66B | €743,144 | €1,411,870 | +€668,726 | +90.0% |
| Recurring financial charges | 65 | €743,144 | €394,669 | -€348,475 | -46.9% |
| Debt charges | 650 | €739,358 | €392,558 | -€346,800 | -46.9% |
| Other financial charges | 652/9 | €3,786 | €2,111 | -€1,676 | -44.3% |
| Non-recurring financial charges | 66B | - | €1,017,201 | +€1.0m | |
| Profit (loss) for the period before taxes | 9903 | €674,987 | -€1,197,049 | -€1.9m | |
| Income taxes | 67/77 | €1,411 | -€504 | -€1,915 | |
| Taxes | 670/3 | €1,411 | €5 | -€1,405 | -99.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €510 | +€510 | |
| Profit (loss) for the period | 9904 | €673,576 | -€1,196,545 | -€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | €673,576 | -€1,196,545 | -€1.9m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.