ACMD: 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.
ACMD
Largest movements
- Cash +€213,396
up €213,396 (+2104.9%), from €10,138 to €223,533
mainly Net result for the year (+€152,964) and Receivables within one year (+€40,500)
- Receivables within one year -€40,500
down €40,500 (-34.0%), from €119,150 to €78,650
- Profit (loss) carried forward +€152,964
up €152,964 (+173.1%), from €88,358 to €241,322
- Tax, wage and social debts +€19,932
up €19,932 (+52.5%), from €37,930 to €57,862
- Gross operating margin +€105,199
up €105,199 (+113.6%), from €92,628 to €197,827
- Taxes +€26,116
up €26,116 (+143.5%), from €18,197 to €44,314
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 | €129,288 | €302,183 | +€172,896 | +133.7% |
| Current assets | 29/58 | €129,288 | €302,183 | +€172,896 | +133.7% |
| Amounts receivable within one year | 40/41 | €119,150 | €78,650 | -€40,500 | -34.0% |
| Trade receivables | 40 | €119,150 | €78,650 | -€40,500 | -34.0% |
| Cash at bank and in hand | 54/58 | €10,138 | €223,533 | +€213,396 | +2104.9% |
| Total equity and liabilities | 10/49 | €129,288 | €302,183 | +€172,896 | +133.7% |
| Equity | 10/15 | €91,358 | €244,322 | +€152,964 | +167.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,358 | €241,322 | +€152,964 | +173.1% |
| Amounts payable | 17/49 | €37,930 | €57,862 | +€19,932 | +52.5% |
| Amounts payable within one year | 42/48 | €37,930 | €57,862 | +€19,932 | +52.5% |
| Taxes, remuneration and social security | 45 | €37,930 | €57,862 | +€19,932 | +52.5% |
| Taxes | 450/3 | €37,930 | €57,862 | +€19,932 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,137 | - | -€1,137 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €92,628 | €197,827 | +€105,199 | +113.6% |
| Operating profit (loss) | 9901 | €91,104 | €197,428 | +€106,324 | +116.7% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €90,969 | €197,278 | +€106,309 | +116.9% |
| Income taxes | 67/77 | €18,197 | €44,314 | +€26,116 | +143.5% |
| Profit (loss) for the period | 9904 | €72,771 | €152,964 | +€80,193 | +110.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,771 | €152,964 | +€80,193 | +110.2% |
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 10 October 2026 via checked.be.