ACODAK: 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.
ACODAK
Largest movements
- Receivables within one year -€177,269
down €177,269 (-85.1%), from €208,293 to €31,025
of which Trade receivables: -€147,821
- Cash +€86,889
up €86,889 (+183.2%), from €47,417 to €134,307
mainly Receivables within one year (+€177,269) and Depreciation (+€56,634)
- Tangible fixed assets +€14,146
up €14,146 (+9.9%), from €142,361 to €156,507
of which Furniture and vehicles: +€16,375
- Trade debts -€103,498
down €103,498 (-81.3%), from €127,252 to €23,755
- Other debts +€34,938
up €34,938 (+9.5%), from €368,325 to €403,263
- Debts after one year +€31,139
up €31,139 (+163.0%), from €19,104 to €50,243
- Profit (loss) carried forward -€18,863
down €18,863 (-14.2%), from €132,838 to €113,974
- Accrued charges and deferred income -€9,964
down €9,964 (-41.4%), from €24,076 to €14,111
- Gross operating margin -€28,864
down €28,864 (-3.4%), from €843,109 to €814,246
- Staff costs +€12,091
up €12,091 (+1.6%), from €732,764 to €744,854
- Financial charges -€10,131
down €10,131 (-34.0%), from €29,762 to €19,631
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 | €816,655 | €745,126 | -€71,529 | -8.8% |
| Fixed assets | 21/28 | €142,361 | €156,507 | +€14,146 | +9.9% |
| Tangible fixed assets | 22/27 | €142,361 | €156,507 | +€14,146 | +9.9% |
| Plant, machinery and equipment | 23 | €37,581 | €35,352 | -€2,229 | -5.9% |
| Furniture and vehicles | 24 | €104,780 | €121,155 | +€16,375 | +15.6% |
| Current assets | 29/58 | €674,295 | €588,619 | -€85,675 | -12.7% |
| Stocks and contracts in progress | 3 | €398,988 | €398,988 | = | 0.0% |
| Stocks | 30/36 | €398,988 | €398,988 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €208,293 | €31,025 | -€177,269 | -85.1% |
| Trade receivables | 40 | €178,758 | €30,936 | -€147,821 | -82.7% |
| Other amounts receivable | 41 | €29,536 | €89 | -€29,447 | -99.7% |
| Cash at bank and in hand | 54/58 | €47,417 | €134,307 | +€86,889 | +183.2% |
| Deferred charges and accrued income | 490/1 | €19,596 | €24,300 | +€4,704 | +24.0% |
| Total equity and liabilities | 10/49 | €816,655 | €745,126 | -€71,529 | -8.8% |
| Equity | 10/15 | €221,272 | €202,408 | -€18,863 | -8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,834 | €69,834 | = | 0.0% |
| Distributable reserves | 133 | €69,834 | €69,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,838 | €113,974 | -€18,863 | -14.2% |
| Amounts payable | 17/49 | €595,384 | €542,718 | -€52,665 | -8.8% |
| Amounts payable after more than one year | 17 | €19,104 | €50,243 | +€31,139 | +163.0% |
| Financial debts | 170/4 | €19,104 | €50,243 | +€31,139 | +163.0% |
| Amounts payable within one year | 42/48 | €552,204 | €478,364 | -€73,840 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €17,444 | €16,953 | -€491 | -2.8% |
| Trade debts | 44 | €127,252 | €23,755 | -€103,498 | -81.3% |
| Suppliers | 440/4 | €127,252 | €23,755 | -€103,498 | -81.3% |
| Taxes, remuneration and social security | 45 | €39,183 | €34,394 | -€4,789 | -12.2% |
| Taxes | 450/3 | €2,807 | €12,141 | +€9,334 | +332.5% |
| Remuneration and social security | 454/9 | €36,375 | €22,253 | -€14,123 | -38.8% |
| Other amounts payable | 47/48 | €368,325 | €403,263 | +€34,938 | +9.5% |
| Accrued charges and deferred income | 492/3 | €24,076 | €14,111 | -€9,964 | -41.4% |
| Remuneration, social security and pensions | 62 | €732,764 | €744,854 | +€12,091 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,780 | €56,634 | -€1,146 | -2.0% |
| Other operating charges | 640/8 | €10,204 | €13,156 | +€2,953 | +28.9% |
| Gross operating margin | 9900 | €843,109 | €814,246 | -€28,864 | -3.4% |
| Operating profit (loss) | 9901 | €42,362 | -€399 | -€42,761 | |
| Financial income | 75/76B | €633 | €1,387 | +€754 | +119.1% |
| Recurring financial income | 75 | €633 | €1,387 | +€754 | +119.1% |
| Financial charges | 65/66B | €29,762 | €19,631 | -€10,131 | -34.0% |
| Recurring financial charges | 65 | €29,762 | €19,631 | -€10,131 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €13,233 | -€18,643 | -€31,876 | |
| Income taxes | 67/77 | €242 | €221 | -€21 | -8.9% |
| Profit (loss) for the period | 9904 | €12,991 | -€18,863 | -€31,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,991 | -€18,863 | -€31,854 |
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 10 October 2026 via checked.be.