ACM HOGGE: 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.
ACM HOGGE
Largest movements
- Tangible fixed assets +€432,325
up €432,325 (+124%), from €349,593 to €781,918
of which Land and buildings: +€292,711
- Cash -€140,926
down €140,926 (-47.7%), from €295,147 to €154,221
mainly Investment in fixed assets (net) (-€495,046) and Trade debts (-€112,747)
- Receivables within one year -€87,804
down €87,804 (-32.0%), from €274,260 to €186,457
of which Other amounts receivable: -€54,564
- Stocks and contracts -€68,899
down €68,899 (-22.9%), from €301,331 to €232,432
of which Stocks: -€128,899
- Reserves +€235,000
up €235,000 (+35.3%), from €665,000 to €900,000
of which Distributable reserves: +€235,000
- Trade debts -€112,747
down €112,747 (-42.2%), from €267,240 to €154,493
- Gross operating margin +€192,455
up €192,455 (+52.9%), from €363,748 to €556,203
- Staff costs -€34,414
down €34,414 (-17.1%), from €201,505 to €167,090
- Taxes +€33,139
up €33,139 (+116%), from €28,686 to €61,825
- Write-downs +€28,138
up €28,138, from -€28,138 to €0
- Depreciation +€24,583
up €24,583 (+53.4%), from €46,038 to €70,621
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 | €1,258,809 | €1,385,114 | +€126,305 | +10.0% |
| Fixed assets | 21/28 | €381,485 | €805,909 | +€424,425 | +111% |
| Intangible fixed assets | 21 | €31,600 | €23,700 | -€7,900 | -25.0% |
| Tangible fixed assets | 22/27 | €349,593 | €781,918 | +€432,325 | +124% |
| Land and buildings | 22 | €126,000 | €418,711 | +€292,711 | +232% |
| Plant, machinery and equipment | 23 | €128,670 | €251,150 | +€122,480 | +95.2% |
| Furniture and vehicles | 24 | €76,036 | €51,744 | -€24,292 | -31.9% |
| Assets under construction and advance payments | 27 | €18,888 | €60,313 | +€41,425 | +219% |
| Financial fixed assets | 28 | €291 | €291 | = | 0.0% |
| Current assets | 29/58 | €877,325 | €579,205 | -€298,119 | -34.0% |
| Stocks and contracts in progress | 3 | €301,331 | €232,432 | -€68,899 | -22.9% |
| Stocks | 30/36 | €301,331 | €172,432 | -€128,899 | -42.8% |
| Contracts in progress | 37 | - | €60,000 | +€60,000 | |
| Amounts receivable within one year | 40/41 | €274,260 | €186,457 | -€87,804 | -32.0% |
| Trade receivables | 40 | €183,727 | €150,487 | -€33,240 | -18.1% |
| Other amounts receivable | 41 | €90,534 | €35,970 | -€54,564 | -60.3% |
| Cash at bank and in hand | 54/58 | €295,147 | €154,221 | -€140,926 | -47.7% |
| Deferred charges and accrued income | 490/1 | €6,587 | €6,095 | -€491 | -7.5% |
| Total equity and liabilities | 10/49 | €1,258,809 | €1,385,114 | +€126,305 | +10.0% |
| Equity | 10/15 | €685,108 | €920,213 | +€235,106 | +34.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €665,000 | €900,000 | +€235,000 | +35.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €665,000 | €900,000 | +€235,000 | +35.3% |
| Profit (loss) carried forward | 14 | €108 | €213 | +€106 | +97.9% |
| Amounts payable | 17/49 | €573,701 | €464,901 | -€108,800 | -19.0% |
| Amounts payable after more than one year | 17 | €120,000 | €114,000 | -€6,000 | -5.0% |
| Financial debts | 170/4 | €120,000 | €114,000 | -€6,000 | -5.0% |
| Amounts payable within one year | 42/48 | €441,261 | €338,041 | -€103,220 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €267,240 | €154,493 | -€112,747 | -42.2% |
| Suppliers | 440/4 | €267,240 | €154,493 | -€112,747 | -42.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,449 | €19,320 | -€2,129 | -9.9% |
| Taxes | 450/3 | €400 | €2,201 | +€1,801 | +450% |
| Remuneration and social security | 454/9 | €21,049 | €17,119 | -€3,930 | -18.7% |
| Other amounts payable | 47/48 | €146,572 | €158,228 | +€11,656 | +8.0% |
| Accrued charges and deferred income | 492/3 | €12,440 | €12,860 | +€420 | +3.4% |
| Remuneration, social security and pensions | 62 | €201,505 | €167,090 | -€34,414 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,038 | €70,621 | +€24,583 | +53.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€28,138 | €0 | +€28,138 | |
| Other operating charges | 640/8 | €6,441 | €6,434 | -€6 | -0.1% |
| Non-recurring operating charges | 66A | €333 | €825 | +€491 | +147% |
| Gross operating margin | 9900 | €363,748 | €556,203 | +€192,455 | +52.9% |
| Operating profit (loss) | 9901 | €137,569 | €311,232 | +€173,664 | +126% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €13,662 | €14,302 | +€640 | +4.7% |
| Recurring financial charges | 65 | €13,662 | €14,302 | +€640 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €123,909 | €296,930 | +€173,022 | +140% |
| Income taxes | 67/77 | €28,686 | €61,825 | +€33,139 | +116% |
| Profit (loss) for the period | 9904 | €95,223 | €235,106 | +€139,882 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €95,223 | €235,106 | +€139,882 | +147% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.