ACN: 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.
ACN
Largest movements
- Current investments +€217,485
up €217,485 (+36.8%), from €591,307 to €808,792
- Cash -€185,910
down €185,910 (-54.6%), from €340,391 to €154,481
mainly Current investments (-€217,485) and Tax, wage and social debts (-€6,609)
- Reserves +€33,714
up €33,714 (+3.7%), from €909,251 to €942,965
- Gross operating margin -€69,714
down €69,714, from €61,442 to -€8,271
- Taxes -€17,757
down €17,757 (-51.1%), from €34,751 to €16,994
- Financial income +€14,266
up €14,266 (+26.5%), from €53,812 to €68,078
- Financial charges +€4,017
up €4,017 (+256%), from €1,569 to €5,586
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 | €953,574 | €977,071 | +€23,498 | +2.5% |
| Fixed assets | 21/28 | €6,526 | €4,012 | -€2,514 | -38.5% |
| Tangible fixed assets | 22/27 | €6,326 | €3,812 | -€2,514 | -39.7% |
| Furniture and vehicles | 24 | €6,326 | €3,812 | -€2,514 | -39.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €947,048 | €973,059 | +€26,011 | +2.7% |
| Amounts receivable within one year | 40/41 | €14,285 | €9,686 | -€4,600 | -32.2% |
| Trade receivables | 40 | - | €1,058 | +€1,058 | |
| Other amounts receivable | 41 | €14,285 | €8,628 | -€5,658 | -39.6% |
| Current investments | 50/53 | €591,307 | €808,792 | +€217,485 | +36.8% |
| Cash at bank and in hand | 54/58 | €340,391 | €154,481 | -€185,910 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,064 | €100 | -€964 | -90.6% |
| Total equity and liabilities | 10/49 | €953,574 | €977,071 | +€23,498 | +2.5% |
| Equity | 10/15 | €927,851 | €961,565 | +€33,714 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €909,251 | €942,965 | +€33,714 | +3.7% |
| Distributable reserves | 133 | €909,251 | €942,965 | +€33,714 | +3.7% |
| Amounts payable | 17/49 | €25,723 | €15,506 | -€10,216 | -39.7% |
| Amounts payable within one year | 42/48 | €25,723 | €15,506 | -€10,216 | -39.7% |
| Trade debts | 44 | €3,607 | €0 | -€3,607 | -100% |
| Suppliers | 440/4 | €3,607 | €0 | -€3,607 | -100% |
| Taxes, remuneration and social security | 45 | €22,115 | €15,506 | -€6,609 | -29.9% |
| Taxes | 450/3 | €22,115 | €15,506 | -€6,609 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,972 | €2,514 | -€458 | -15.4% |
| Other operating charges | 640/8 | €1,228 | €998 | -€229 | -18.7% |
| Gross operating margin | 9900 | €61,442 | -€8,271 | -€69,714 | |
| Operating profit (loss) | 9901 | €57,242 | -€11,783 | -€69,026 | |
| Financial income | 75/76B | €53,812 | €68,078 | +€14,266 | +26.5% |
| Recurring financial income | 75 | €53,812 | €68,078 | +€14,266 | +26.5% |
| Financial charges | 65/66B | €1,569 | €5,586 | +€4,017 | +256% |
| Recurring financial charges | 65 | €1,569 | €5,586 | +€4,017 | +256% |
| Profit (loss) for the period before taxes | 9903 | €109,485 | €50,708 | -€58,777 | -53.7% |
| Income taxes | 67/77 | €34,751 | €16,994 | -€17,757 | -51.1% |
| Profit (loss) for the period | 9904 | €74,733 | €33,714 | -€41,020 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,733 | €33,714 | -€41,020 | -54.9% |
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 13 October 2026 via checked.be.