Acobo: 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.
Acobo
Largest movements
- Stocks and contracts -€125,000
down €125,000 (-14.9%), from €840,000 to €715,000
of which Contracts in progress: -€115,000
- Receivables within one year -€68,710
down €68,710 (-3.6%), from €1.9m to €1.8m
of which Trade receivables: -€106,371
- Cash +€63,957
up €63,957 (+369.3%), from €17,318 to €81,275
mainly Short-term financial debts (+€251,090) and Stocks and contracts (+€125,000)
- Tangible fixed assets -€29,117
down €29,117 (-30.4%), from €95,675 to €66,558
of which Furniture and vehicles: -€22,893
- Profit (loss) carried forward -€378,714
new in 2024: -€378,714
- Short-term financial debts +€251,090
up €251,090 (+23.1%), from €1.1m to €1.3m
- Tax, wage and social debts -€210,776
down €210,776 (-32.4%), from €649,664 to €438,888
of which Remuneration and social security: -€324,242
- Trade debts +€117,425
up €117,425 (+20.0%), from €586,695 to €704,120
- Other debts +€88,000
new in 2024: €88,000
- Gross operating margin -€366,678
down €366,678 (-27.6%), from €1.3m to €960,396
- Financial charges +€20,493
up €20,493 (+15.0%), from €136,539 to €157,032
- Staff costs +€13,419
up €13,419 (+1.2%), from €1.1m to €1.1m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,843,684 | €2,687,554 | -€156,130 | -5.5% |
| Fixed assets | 21/28 | €96,329 | €67,212 | -€29,117 | -30.2% |
| Tangible fixed assets | 22/27 | €95,675 | €66,558 | -€29,117 | -30.4% |
| Furniture and vehicles | 24 | €51,689 | €28,796 | -€22,893 | -44.3% |
| Other tangible fixed assets | 26 | €43,986 | €37,762 | -€6,224 | -14.1% |
| Financial fixed assets | 28 | €654 | €654 | = | 0.0% |
| Current assets | 29/58 | €2,747,355 | €2,620,342 | -€127,013 | -4.6% |
| Stocks and contracts in progress | 3 | €840,000 | €715,000 | -€125,000 | -14.9% |
| Stocks | 30/36 | €260,000 | €250,000 | -€10,000 | -3.8% |
| Contracts in progress | 37 | €580,000 | €465,000 | -€115,000 | -19.8% |
| Amounts receivable within one year | 40/41 | €1,888,319 | €1,819,609 | -€68,710 | -3.6% |
| Trade receivables | 40 | €1,674,337 | €1,567,966 | -€106,371 | -6.4% |
| Other amounts receivable | 41 | €213,982 | €251,643 | +€37,661 | +17.6% |
| Cash at bank and in hand | 54/58 | €17,318 | €81,275 | +€63,957 | +369.3% |
| Deferred charges and accrued income | 490/1 | €1,718 | €4,458 | +€2,740 | +159.4% |
| Total equity and liabilities | 10/49 | €2,843,684 | €2,687,554 | -€156,130 | -5.5% |
| Equity | 10/15 | €436,210 | €57,496 | -€378,714 | -86.8% |
| Contributions | 10/11 | €348,000 | €348,000 | = | 0.0% |
| Capital | 10 | €348,000 | €348,000 | = | 0.0% |
| Issued capital | 100 | €348,000 | €348,000 | = | 0.0% |
| Reserves | 13 | €88,210 | €88,210 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,800 | €34,800 | = | 0.0% |
| Legal reserve | 130 | €34,800 | €34,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,312 | €8,312 | = | 0.0% |
| Distributable reserves | 133 | €45,098 | €45,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€378,714 | -€378,714 | |
| Amounts payable | 17/49 | €2,407,474 | €2,630,059 | +€222,584 | +9.2% |
| Amounts payable after more than one year | 17 | €79,346 | €55,738 | -€23,608 | -29.8% |
| Financial debts | 170/4 | €79,346 | €55,738 | -€23,608 | -29.8% |
| Amounts payable within one year | 42/48 | €2,324,244 | €2,569,983 | +€245,739 | +10.6% |
| Financial debts | 43 | €1,087,885 | €1,338,975 | +€251,090 | +23.1% |
| Credit institutions | 430/8 | €1,087,885 | €1,338,975 | +€251,090 | +23.1% |
| Trade debts | 44 | €586,695 | €704,120 | +€117,425 | +20.0% |
| Suppliers | 440/4 | €586,695 | €704,120 | +€117,425 | +20.0% |
| Taxes, remuneration and social security | 45 | €649,664 | €438,888 | -€210,776 | -32.4% |
| Taxes | 450/3 | €233,490 | €346,955 | +€113,466 | +48.6% |
| Remuneration and social security | 454/9 | €416,174 | €91,933 | -€324,242 | -77.9% |
| Other amounts payable | 47/48 | - | €88,000 | +€88,000 | |
| Accrued charges and deferred income | 492/3 | €3,884 | €4,338 | +€453 | +11.7% |
| Remuneration, social security and pensions | 62 | €1,134,605 | €1,148,024 | +€13,419 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,864 | €29,117 | +€1,253 | +4.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €207 | €0 | -€207 | -100.0% |
| Other operating charges | 640/8 | €21,949 | €12,706 | -€9,242 | -42.1% |
| Gross operating margin | 9900 | €1,327,074 | €960,396 | -€366,678 | -27.6% |
| Operating profit (loss) | 9901 | €142,449 | -€229,451 | -€371,900 | |
| Financial income | 75/76B | €11,354 | €11,483 | +€128 | +1.1% |
| Recurring financial income | 75 | €11,354 | €11,483 | +€128 | +1.1% |
| Financial charges | 65/66B | €136,539 | €157,032 | +€20,493 | +15.0% |
| Recurring financial charges | 65 | €136,539 | €157,032 | +€20,493 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €17,264 | -€375,001 | -€392,265 | |
| Income taxes | 67/77 | €10,970 | €3,713 | -€7,256 | -66.1% |
| Profit (loss) for the period | 9904 | €6,294 | -€378,714 | -€385,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,294 | -€378,714 | -€385,008 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.