ACO Consulting: what changed
Two fiscal 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.
ACO Consulting
Largest movements
- Tangible fixed assets +€59,787
new in 2025: €59,787
- Cash -€14,239
down €14,239 (-64.6%), from €22,036 to €7,797
mainly Debts after one year (-€121,991) and Investment in fixed assets (net) (-€62,997)
- Reserves +€160,751
up €160,751 (+70.8%), from €226,989 to €387,740
- Debts after one year -€121,991
down €121,991 (-12.9%), from €943,822 to €821,831
- Current portion of long-term debt +€21,972
up €21,972 (+13.9%), from €158,068 to €180,040
- Tax, wage and social debts -€15,835
no longer reported in 2025 (was €15,835)
of which Taxes: -€12,750
- Gross operating margin -€6,358
down €6,358 (-5.0%), from €126,246 to €119,888
- Financial income +€5,438
up €5,438 (+6.7%), from €81,155 to €86,593
- Depreciation +€3,210
new in 2025: €3,210
- Financial charges -€2,862
down €2,862 (-12.2%), from €23,423 to €20,561
- Taxes -€2,132
down €2,132 (-9.4%), from €22,750 to €20,618
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 | €1,353,951 | €1,397,813 | +€43,862 | +3.2% |
| Fixed assets | 21/28 | €1,325,000 | €1,384,787 | +€59,787 | +4.5% |
| Tangible fixed assets | 22/27 | - | €59,787 | +€59,787 | |
| Furniture and vehicles | 24 | - | €59,787 | +€59,787 | |
| Financial fixed assets | 28 | €1,325,000 | €1,325,000 | = | 0.0% |
| Current assets | 29/58 | €28,951 | €13,026 | -€15,925 | -55.0% |
| Amounts receivable within one year | 40/41 | €6,915 | €5,229 | -€1,686 | -24.4% |
| Other amounts receivable | 41 | €6,915 | €5,229 | -€1,686 | -24.4% |
| Cash at bank and in hand | 54/58 | €22,036 | €7,797 | -€14,239 | -64.6% |
| Total equity and liabilities | 10/49 | €1,353,951 | €1,397,813 | +€43,862 | +3.2% |
| Equity | 10/15 | €227,989 | €388,740 | +€160,751 | +70.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €226,989 | €387,740 | +€160,751 | +70.8% |
| Distributable reserves | 133 | €226,989 | €387,740 | +€160,751 | +70.8% |
| Amounts payable | 17/49 | €1,125,962 | €1,009,073 | -€116,889 | -10.4% |
| Amounts payable after more than one year | 17 | €943,822 | €821,831 | -€121,991 | -12.9% |
| Financial debts | 170/4 | €943,822 | €821,831 | -€121,991 | -12.9% |
| Amounts payable within one year | 42/48 | €182,140 | €187,242 | +€5,102 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €158,068 | €180,040 | +€21,972 | +13.9% |
| Trade debts | 44 | €8,237 | €7,202 | -€1,035 | -12.6% |
| Suppliers | 440/4 | €8,237 | €7,202 | -€1,035 | -12.6% |
| Taxes, remuneration and social security | 45 | €15,835 | - | -€15,835 | |
| Taxes | 450/3 | €12,750 | - | -€12,750 | |
| Remuneration and social security | 454/9 | €3,085 | - | -€3,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,210 | +€3,210 | |
| Other operating charges | 640/8 | €437 | €1,341 | +€904 | +206.9% |
| Gross operating margin | 9900 | €126,246 | €119,888 | -€6,358 | -5.0% |
| Operating profit (loss) | 9901 | €125,809 | €115,337 | -€10,472 | -8.3% |
| Financial income | 75/76B | €81,155 | €86,593 | +€5,438 | +6.7% |
| Recurring financial income | 75 | €81,155 | €86,593 | +€5,438 | +6.7% |
| Financial charges | 65/66B | €23,423 | €20,561 | -€2,862 | -12.2% |
| Recurring financial charges | 65 | €23,423 | €20,561 | -€2,862 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €183,541 | €181,369 | -€2,172 | -1.2% |
| Income taxes | 67/77 | €22,750 | €20,618 | -€2,132 | -9.4% |
| Profit (loss) for the period | 9904 | €160,791 | €160,751 | -€40 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €160,791 | €160,751 | -€40 | 0.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.