ACN TIMING: 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 TIMING
Largest movements
- Cash +€157,204
up €157,204 (+123%), from €127,772 to €284,976
mainly Net result for the year (+€85,501) and Receivables within one year (+€61,113)
- Receivables within one year -€61,113
down €61,113 (-33.6%), from €182,133 to €121,020
of which Trade receivables: -€60,490
- Tangible fixed assets -€10,897
down €10,897 (-2.3%), from €476,556 to €465,659
of which Land and buildings: -€11,715
- Reserves +€85,000
up €85,000 (+38.0%), from €223,500 to €308,500
- Tax, wage and social debts +€56,087
up €56,087 (+145%), from €38,691 to €94,778
of which Taxes: +€46,266
- Trade debts -€35,351
down €35,351 (-79.3%), from €44,576 to €9,225
of which Suppliers: -€22,951
- Debts after one year -€22,364
down €22,364 (-6.1%), from €364,409 to €342,045
- Gross operating margin +€90,246
up €90,246 (+59.7%), from €151,200 to €241,446
- Taxes +€22,594
up €22,594 (+99.9%), from €22,614 to €45,208
- Staff costs +€15,927
up €15,927 (+34.9%), from €45,657 to €61,584
- Financial charges +€6,995
up €6,995 (+45.4%), from €15,405 to €22,400
of which Non-recurring financial charges: +€7,842
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 | €786,461 | €873,596 | +€87,135 | +11.1% |
| Fixed assets | 21/28 | €476,556 | €467,159 | -€9,397 | -2.0% |
| Tangible fixed assets | 22/27 | €476,556 | €465,659 | -€10,897 | -2.3% |
| Land and buildings | 22 | €451,315 | €439,600 | -€11,715 | -2.6% |
| Plant, machinery and equipment | 23 | €715 | €6,551 | +€5,836 | +816% |
| Furniture and vehicles | 24 | €24,526 | €19,508 | -€5,018 | -20.5% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €309,905 | €406,437 | +€96,532 | +31.1% |
| Amounts receivable within one year | 40/41 | €182,133 | €121,020 | -€61,113 | -33.6% |
| Trade receivables | 40 | €154,697 | €94,207 | -€60,490 | -39.1% |
| Other amounts receivable | 41 | €27,436 | €26,813 | -€623 | -2.3% |
| Cash at bank and in hand | 54/58 | €127,772 | €284,976 | +€157,204 | +123% |
| Deferred charges and accrued income | 490/1 | - | €441 | +€441 | |
| Total equity and liabilities | 10/49 | €786,461 | €873,596 | +€87,135 | +11.1% |
| Equity | 10/15 | €316,804 | €402,305 | +€85,501 | +27.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €223,500 | €308,500 | +€85,000 | +38.0% |
| Distributable reserves | 133 | €223,500 | €308,500 | +€85,000 | +38.0% |
| Profit (loss) carried forward | 14 | €90,304 | €90,805 | +€501 | +0.6% |
| Amounts payable | 17/49 | €469,657 | €471,291 | +€1,634 | +0.3% |
| Amounts payable after more than one year | 17 | €364,409 | €342,045 | -€22,364 | -6.1% |
| Financial debts | 170/4 | €364,409 | €342,045 | -€22,364 | -6.1% |
| Amounts payable within one year | 42/48 | €105,248 | €129,246 | +€23,998 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €21,517 | €22,342 | +€825 | +3.8% |
| Trade debts | 44 | €44,576 | €9,225 | -€35,351 | -79.3% |
| Suppliers | 440/4 | €32,176 | €9,225 | -€22,951 | -71.3% |
| Bills of exchange payable | 441 | €12,400 | - | -€12,400 | |
| Advances received on contracts in progress | 46 | - | €2,849 | +€2,849 | |
| Taxes, remuneration and social security | 45 | €38,691 | €94,778 | +€56,087 | +145% |
| Taxes | 450/3 | €35,066 | €81,332 | +€46,266 | +132% |
| Remuneration and social security | 454/9 | €3,625 | €13,446 | +€9,821 | +271% |
| Other amounts payable | 47/48 | €464 | €52 | -€412 | -88.8% |
| Remuneration, social security and pensions | 62 | €45,657 | €61,584 | +€15,927 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,497 | €25,797 | +€300 | +1.2% |
| Other operating charges | 640/8 | €598 | €957 | +€359 | +60.0% |
| Gross operating margin | 9900 | €151,200 | €241,446 | +€90,246 | +59.7% |
| Operating profit (loss) | 9901 | €79,448 | €153,108 | +€73,660 | +92.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,405 | €22,400 | +€6,995 | +45.4% |
| Recurring financial charges | 65 | €15,479 | €14,632 | -€847 | -5.5% |
| Non-recurring financial charges | 66B | -€74 | €7,768 | +€7,842 | |
| Profit (loss) for the period before taxes | 9903 | €64,043 | €130,709 | +€66,666 | +104% |
| Income taxes | 67/77 | €22,614 | €45,208 | +€22,594 | +99.9% |
| Profit (loss) for the period | 9904 | €41,429 | €85,501 | +€44,072 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €41,429 | €85,501 | +€44,072 | +106% |
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 26 October 2026 via checked.be.