ACM MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€18,256
up €18,256 (+77.7%), from €23,503 to €41,759
mainly Net result for the year (+€24,802) and Depreciation (+€7,684)
- Tangible fixed assets -€7,684
down €7,684 (-19.7%), from €38,930 to €31,247
of which Furniture and vehicles: -€6,063
- Receivables within one year -€6,590
down €6,590 (-68.4%), from €9,631 to €3,041
of which Trade receivables: -€4,260
- Reserves +€24,802
up €24,802 (+123%), from €20,131 to €44,933
- Other debts -€20,594
down €20,594 (-75.3%), from €27,365 to €6,770
- Gross operating margin +€3,643
up €3,643 (+9.4%), from €38,809 to €42,452
- Depreciation +€3,388
up €3,388 (+78.9%), from €4,295 to €7,684
- Taxes +€1,867
up €1,867 (+26.5%), from €7,053 to €8,920
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 | €72,671 | €77,219 | +€4,548 | +6.3% |
| Fixed assets | 21/28 | €38,930 | €31,247 | -€7,684 | -19.7% |
| Tangible fixed assets | 22/27 | €38,930 | €31,247 | -€7,684 | -19.7% |
| Plant, machinery and equipment | 23 | €11,647 | €10,027 | -€1,621 | -13.9% |
| Furniture and vehicles | 24 | €27,283 | €21,220 | -€6,063 | -22.2% |
| Current assets | 29/58 | €33,741 | €45,972 | +€12,231 | +36.3% |
| Amounts receivable within one year | 40/41 | €9,631 | €3,041 | -€6,590 | -68.4% |
| Trade receivables | 40 | €7,164 | €2,904 | -€4,260 | -59.5% |
| Other amounts receivable | 41 | €2,468 | €137 | -€2,331 | -94.5% |
| Cash at bank and in hand | 54/58 | €23,503 | €41,759 | +€18,256 | +77.7% |
| Deferred charges and accrued income | 490/1 | €607 | €1,172 | +€565 | +93.2% |
| Total equity and liabilities | 10/49 | €72,671 | €77,219 | +€4,548 | +6.3% |
| Equity | 10/15 | €38,731 | €63,533 | +€24,802 | +64.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,131 | €44,933 | +€24,802 | +123% |
| Distributable reserves | 133 | €20,131 | €44,933 | +€24,802 | +123% |
| Amounts payable | 17/49 | €33,940 | €13,686 | -€20,254 | -59.7% |
| Amounts payable within one year | 42/48 | €33,940 | €13,344 | -€20,596 | -60.7% |
| Trade debts | 44 | €76 | €634 | +€558 | +738% |
| Suppliers | 440/4 | €76 | €634 | +€558 | +738% |
| Taxes, remuneration and social security | 45 | €6,500 | €5,941 | -€559 | -8.6% |
| Taxes | 450/3 | €6,500 | €4,441 | -€2,059 | -31.7% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €27,365 | €6,770 | -€20,594 | -75.3% |
| Accrued charges and deferred income | 492/3 | - | €342 | +€342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,295 | €7,684 | +€3,388 | +78.9% |
| Other operating charges | 640/8 | €638 | €828 | +€190 | +29.8% |
| Gross operating margin | 9900 | €38,809 | €42,452 | +€3,643 | +9.4% |
| Operating profit (loss) | 9901 | €33,876 | €33,940 | +€64 | +0.2% |
| Financial income | 75/76B | €70 | €190 | +€120 | +172% |
| Recurring financial income | 75 | €70 | €190 | +€120 | +172% |
| Financial charges | 65/66B | €51 | €408 | +€357 | +699% |
| Recurring financial charges | 65 | €51 | €408 | +€357 | +699% |
| Profit (loss) for the period before taxes | 9903 | €33,895 | €33,722 | -€173 | -0.5% |
| Income taxes | 67/77 | €7,053 | €8,920 | +€1,867 | +26.5% |
| Profit (loss) for the period | 9904 | €26,841 | €24,802 | -€2,039 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,841 | €24,802 | -€2,039 | -7.6% |
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 16 October 2026 via checked.be.