ACM: 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.
ACM
Largest movements
- Receivables within one year +€2,073
up €2,073 (+66.1%), from €3,137 to €5,209
of which Trade receivables: +€3,213
- Cash -€544
down €544 (-69.2%), from €787 to €243
mainly Receivables within one year (-€2,073) and Net result for the year (-€861)
- Tangible fixed assets -€336
down €336 (-51.9%), from €648 to €312
- Trade debts +€2,496
up €2,496 (+87.0%), from €2,868 to €5,365
- Profit (loss) carried forward -€861
down €861 (-1.7%), from -€49,298 to -€50,159
- Accrued charges and deferred income -€627
down €627 (-61.1%), from €1,027 to €400
- Tax, wage and social debts +€624
up €624 (+192.7%), from €324 to €948
- Other debts -€440
down €440 (-1.2%), from €35,451 to €35,010
- Gross operating margin +€10,619
up €10,619, from -€9,868 to €751
- Depreciation -€381
down €381 (-53.1%), from €717 to €336
- Other operating charges -€293
down €293 (-24.7%), from €1,185 to €892
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 | €4,632 | €5,824 | +€1,192 | +25.7% |
| Fixed assets | 21/28 | €708 | €372 | -€336 | -47.5% |
| Tangible fixed assets | 22/27 | €648 | €312 | -€336 | -51.9% |
| Furniture and vehicles | 24 | €648 | €312 | -€336 | -51.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €3,924 | €5,452 | +€1,529 | +39.0% |
| Amounts receivable within one year | 40/41 | €3,137 | €5,209 | +€2,073 | +66.1% |
| Trade receivables | 40 | €1,996 | €5,209 | +€3,213 | +161.0% |
| Other amounts receivable | 41 | €1,140 | - | -€1,140 | |
| Cash at bank and in hand | 54/58 | €787 | €243 | -€544 | -69.2% |
| Total equity and liabilities | 10/49 | €4,632 | €5,824 | +€1,192 | +25.7% |
| Equity | 10/15 | -€35,038 | -€35,899 | -€861 | -2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€49,298 | -€50,159 | -€861 | -1.7% |
| Amounts payable | 17/49 | €39,670 | €41,723 | +€2,053 | +5.2% |
| Amounts payable within one year | 42/48 | €38,643 | €41,323 | +€2,680 | +6.9% |
| Trade debts | 44 | €2,868 | €5,365 | +€2,496 | +87.0% |
| Suppliers | 440/4 | €2,868 | €5,365 | +€2,496 | +87.0% |
| Taxes, remuneration and social security | 45 | €324 | €948 | +€624 | +192.7% |
| Taxes | 450/3 | €324 | €948 | +€624 | +192.7% |
| Other amounts payable | 47/48 | €35,451 | €35,010 | -€440 | -1.2% |
| Accrued charges and deferred income | 492/3 | €1,027 | €400 | -€627 | -61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €717 | €336 | -€381 | -53.1% |
| Other operating charges | 640/8 | €1,185 | €892 | -€293 | -24.7% |
| Gross operating margin | 9900 | -€9,868 | €751 | +€10,619 | |
| Operating profit (loss) | 9901 | -€11,770 | -€478 | +€11,292 | +95.9% |
| Financial charges | 65/66B | €156 | €207 | +€51 | +32.8% |
| Recurring financial charges | 65 | €156 | €207 | +€51 | +32.8% |
| Profit (loss) for the period before taxes | 9903 | -€11,926 | -€685 | +€11,241 | +94.3% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€12,100 | -€861 | +€11,239 | +92.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,100 | -€861 | +€11,239 | +92.9% |
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 28 September 2026 via checked.be.