ACM PROJECT: 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 PROJECT
Largest movements
- Receivables within one year -€11,588
down €11,588 (-22.1%), from €52,532 to €40,945
of which Trade receivables: -€15,018
- Tax, wage and social debts -€10,587
down €10,587 (-44.5%), from €23,770 to €13,184
of which Remuneration and social security: -€13,494
- Trade debts -€8,951
down €8,951 (-88.1%), from €10,155 to €1,205
- Profit (loss) carried forward +€7,740
up €7,740 (+66.7%), from €11,613 to €19,353
- Purchases and services +€28,462
up €28,462 (+15.7%), from €181,445 to €209,907
- Turnover +€21,658
up €21,658 (+10.9%), from €199,025 to €220,683
- Gross operating margin -€6,804
down €6,804 (-38.7%), from €17,580 to €10,776
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,629 | €42,832 | -€11,797 | -21.6% |
| Current assets | 29/58 | €54,629 | €42,832 | -€11,797 | -21.6% |
| Amounts receivable within one year | 40/41 | €52,532 | €40,945 | -€11,588 | -22.1% |
| Trade receivables | 40 | €18,768 | €3,750 | -€15,018 | -80.0% |
| Other amounts receivable | 41 | €33,764 | €37,195 | +€3,431 | +10.2% |
| Cash at bank and in hand | 54/58 | €635 | €326 | -€309 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,561 | +€100 | +6.8% |
| Total equity and liabilities | 10/49 | €54,629 | €42,832 | -€11,797 | -21.6% |
| Equity | 10/15 | €20,704 | €28,443 | +€7,740 | +37.4% |
| Reserves | 13 | €9,091 | €9,091 | = | 0.0% |
| Distributable reserves | 133 | €9,091 | €9,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,613 | €19,353 | +€7,740 | +66.7% |
| Amounts payable | 17/49 | €33,926 | €14,388 | -€19,537 | -57.6% |
| Amounts payable within one year | 42/48 | €33,926 | €14,388 | -€19,537 | -57.6% |
| Trade debts | 44 | €10,155 | €1,205 | -€8,951 | -88.1% |
| Suppliers | 440/4 | €10,155 | €1,205 | -€8,951 | -88.1% |
| Taxes, remuneration and social security | 45 | €23,770 | €13,184 | -€10,587 | -44.5% |
| Taxes | 450/3 | €7,410 | €10,318 | +€2,907 | +39.2% |
| Remuneration and social security | 454/9 | €16,360 | €2,866 | -€13,494 | -82.5% |
| Turnover | 70 | €199,025 | €220,683 | +€21,658 | +10.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €181,445 | €209,907 | +€28,462 | +15.7% |
| Gross operating margin | 9900 | €17,580 | €10,776 | -€6,804 | -38.7% |
| Operating profit (loss) | 9901 | €17,580 | €10,776 | -€6,804 | -38.7% |
| Financial income | 75/76B | €1,463 | €1,806 | +€342 | +23.4% |
| Recurring financial income | 75 | €1,463 | €1,806 | +€342 | +23.4% |
| Financial charges | 65/66B | €166 | €188 | +€21 | +12.7% |
| Recurring financial charges | 65 | €166 | €188 | +€21 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €18,877 | €12,394 | -€6,483 | -34.3% |
| Income taxes | 67/77 | €6,407 | €4,654 | -€1,753 | -27.4% |
| Profit (loss) for the period | 9904 | €12,470 | €7,740 | -€4,730 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,470 | €7,740 | -€4,730 | -37.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.