ACO MEDICAL: what changed
What changed
ACO MEDICAL
filed annual accounts (NBB)
Net result for the year
€18,724
2024 · €27,199-€8,475
Equity
€150,208
2024 · €144,483+€5,724
Cash
€102,452
2024 · €102,303+€149
Balance sheet total
€160,510
2024 · €162,750-€2,239
Largest movements
Assets
- Tangible fixed assets -€3,375
down €3,375 (-9.0%), from €37,317 to €33,942
of which Other tangible fixed assets: -€4,277
Equity and liabilities
- Tax, wage and social debts -€11,284
down €11,284 (-65.3%), from €17,284 to €6,000
- Reserves +€5,700
up €5,700 (+4.6%), from €124,047 to €129,747
of which Distributable reserves: +€5,700
- Other debts +€3,972
new in 2025: €3,972
Income statement
- Gross operating margin -€11,525
down €11,525 (-25.0%), from €46,157 to €34,633
- Taxes -€3,157
down €3,157 (-28.9%), from €10,915 to €7,758
- Financial charges +€1,099
up €1,099 (+104%), from €1,061 to €2,160
- Depreciation -€820
down €820 (-11.7%), from €7,033 to €6,213
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,199
Gross operating margin
-€11,525
Depreciation
+€820
Other operating charges
+€79
Financial income
+€92
Financial charges
-€1,099
Taxes
+€3,157
Result 2025
€18,724
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€15,987
Investment
-€2,838
Financing
-€13,000
Cash 2024
€102,303
From operations (derived)
+€15,987
Net result for the year
+€18,724
Depreciation
+€6,213
Receivables within one year
-€987
Deferred charges and accrued income
+€1
Trade debts
-€982
Tax, wage and social debts
-€11,284
Other debts
+€3,972
Accrued charges and deferred income
+€330
Investment (derived)
-€2,838
Investment in fixed assets (net)
-€2,838
Financing
-€13,000
Contributions, distributions and other
-€13,000
Cash 2025
€102,452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €162,750 | €160,510 | -€2,239 | -1.4% |
| Fixed assets | 21/28 | €37,317 | €33,942 | -€3,375 | -9.0% |
| Tangible fixed assets | 22/27 | €37,317 | €33,942 | -€3,375 | -9.0% |
| Furniture and vehicles | 24 | €5,234 | €6,136 | +€902 | +17.2% |
| Other tangible fixed assets | 26 | €32,083 | €27,807 | -€4,277 | -13.3% |
| Current assets | 29/58 | €125,433 | €126,568 | +€1,135 | +0.9% |
| Amounts receivable within one year | 40/41 | €5,563 | €6,551 | +€987 | +17.8% |
| Trade receivables | 40 | €3,061 | €3,924 | +€863 | +28.2% |
| Other amounts receivable | 41 | €2,503 | €2,627 | +€124 | +5.0% |
| Cash at bank and in hand | 54/58 | €102,303 | €102,452 | +€149 | +0.1% |
| Deferred charges and accrued income | 490/1 | €17,566 | €17,565 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €162,750 | €160,510 | -€2,239 | -1.4% |
| Equity | 10/15 | €144,483 | €150,208 | +€5,724 | +4.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,047 | €129,747 | +€5,700 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,687 | €7,687 | = | 0.0% |
| Distributable reserves | 133 | €114,500 | €120,200 | +€5,700 | +5.0% |
| Profit (loss) carried forward | 14 | €8,036 | €8,060 | +€24 | +0.3% |
| Amounts payable | 17/49 | €18,266 | €10,302 | -€7,964 | -43.6% |
| Amounts payable within one year | 42/48 | €18,266 | €9,972 | -€8,294 | -45.4% |
| Trade debts | 44 | €982 | - | -€982 | |
| Suppliers | 440/4 | €982 | - | -€982 | |
| Taxes, remuneration and social security | 45 | €17,284 | €6,000 | -€11,284 | -65.3% |
| Taxes | 450/3 | €17,284 | €6,000 | -€11,284 | -65.3% |
| Other amounts payable | 47/48 | - | €3,972 | +€3,972 | |
| Accrued charges and deferred income | 492/3 | - | €330 | +€330 | |
| Non-recurring operating income | 76A | €4,000 | €5,474 | +€1,474 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,033 | €6,213 | -€820 | -11.7% |
| Other operating charges | 640/8 | €601 | €522 | -€79 | -13.2% |
| Gross operating margin | 9900 | €46,157 | €34,633 | -€11,525 | -25.0% |
| Operating profit (loss) | 9901 | €38,523 | €27,898 | -€10,625 | -27.6% |
| Financial income | 75/76B | €652 | €745 | +€92 | +14.2% |
| Recurring financial income | 75 | €652 | €745 | +€92 | +14.2% |
| Financial charges | 65/66B | €1,061 | €2,160 | +€1,099 | +104% |
| Recurring financial charges | 65 | €1,061 | €2,160 | +€1,099 | +104% |
| Profit (loss) for the period before taxes | 9903 | €38,114 | €26,483 | -€11,631 | -30.5% |
| Income taxes | 67/77 | €10,915 | €7,758 | -€3,157 | -28.9% |
| Profit (loss) for the period | 9904 | €27,199 | €18,724 | -€8,475 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,199 | €18,724 | -€8,475 | -31.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.