ACOFISCO GROUP: 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.
ACOFISCO GROUP
Largest movements
- Receivables within one year +€41,647
up €41,647 (+37.9%), from €109,790 to €151,437
of which Trade receivables: +€37,298
- Formation expenses -€34,035
down €34,035 (-10.7%), from €317,818 to €283,783
- Cash -€11,001
down €11,001 (-58.8%), from €18,706 to €7,705
mainly Tax, wage and social debts (-€62,237) and Receivables within one year (-€41,647)
- Tangible fixed assets -€6,422
down €6,422 (-36.0%), from €17,847 to €11,424
of which Furniture and vehicles: -€5,290
- Tax, wage and social debts -€62,237
down €62,237 (-64.6%), from €96,273 to €34,036
of which Remuneration and social security: -€54,290
- Profit (loss) carried forward +€21,203
up €21,203 (+2,144%), from €989 to €22,192
- Debts after one year +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Trade debts +€10,898
up €10,898 (+10.2%), from €106,652 to €117,550
- Staff costs -€123,390
down €123,390 (-27.7%), from €445,559 to €322,170
- Gross operating margin -€39,624
down €39,624 (-9.3%), from €427,612 to €387,988
- Other operating charges -€11,508
down €11,508 (-71.7%), from €16,059 to €4,551
- Depreciation -€4,776
down €4,776 (-10.2%), from €46,679 to €41,903
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 | €480,926 | €470,790 | -€10,135 | -2.1% |
| Formation expenses | 20 | €317,818 | €283,783 | -€34,035 | -10.7% |
| Fixed assets | 21/28 | €27,095 | €20,424 | -€6,671 | -24.6% |
| Intangible fixed assets | 21 | €248 | - | -€248 | |
| Tangible fixed assets | 22/27 | €17,847 | €11,424 | -€6,422 | -36.0% |
| Plant, machinery and equipment | 23 | €5,170 | €4,037 | -€1,133 | -21.9% |
| Furniture and vehicles | 24 | €12,677 | €7,387 | -€5,290 | -41.7% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €136,013 | €166,583 | +€30,570 | +22.5% |
| Amounts receivable within one year | 40/41 | €109,790 | €151,437 | +€41,647 | +37.9% |
| Trade receivables | 40 | €108,260 | €145,558 | +€37,298 | +34.5% |
| Other amounts receivable | 41 | €1,530 | €5,879 | +€4,349 | +284% |
| Cash at bank and in hand | 54/58 | €18,706 | €7,705 | -€11,001 | -58.8% |
| Deferred charges and accrued income | 490/1 | €7,517 | €7,441 | -€76 | -1.0% |
| Total equity and liabilities | 10/49 | €480,926 | €470,790 | -€10,135 | -2.1% |
| Equity | 10/15 | €228,001 | €249,204 | +€21,203 | +9.3% |
| Contributions | 10/11 | €206,040 | €206,040 | = | 0.0% |
| Capital | 10 | €206,040 | €206,040 | = | 0.0% |
| Issued capital | 100 | €206,040 | €206,040 | = | 0.0% |
| Reserves | 13 | €20,972 | €20,972 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,972 | €20,972 | = | 0.0% |
| Legal reserve | 130 | €20,972 | €20,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €989 | €22,192 | +€21,203 | +2,144% |
| Amounts payable | 17/49 | €252,925 | €221,586 | -€31,339 | -12.4% |
| Amounts payable after more than one year | 17 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Financial debts | 170/4 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Amounts payable within one year | 42/48 | €202,925 | €151,586 | -€51,339 | -25.3% |
| Trade debts | 44 | €106,652 | €117,550 | +€10,898 | +10.2% |
| Suppliers | 440/4 | €106,652 | €117,550 | +€10,898 | +10.2% |
| Taxes, remuneration and social security | 45 | €96,273 | €34,036 | -€62,237 | -64.6% |
| Taxes | 450/3 | €7,947 | - | -€7,947 | |
| Remuneration and social security | 454/9 | €88,326 | €34,036 | -€54,290 | -61.5% |
| Remuneration, social security and pensions | 62 | €445,559 | €322,170 | -€123,390 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,679 | €41,903 | -€4,776 | -10.2% |
| Other operating charges | 640/8 | €16,059 | €4,551 | -€11,508 | -71.7% |
| Gross operating margin | 9900 | €427,612 | €387,988 | -€39,624 | -9.3% |
| Operating profit (loss) | 9901 | -€80,686 | €19,364 | +€100,050 | |
| Financial income | 75/76B | €63 | €2,753 | +€2,689 | +4,253% |
| Recurring financial income | 75 | €63 | €2,753 | +€2,689 | +4,253% |
| Financial charges | 65/66B | €2,116 | €913 | -€1,203 | -56.8% |
| Recurring financial charges | 65 | €2,116 | €913 | -€1,203 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | -€82,738 | €21,203 | +€103,942 | |
| Profit (loss) for the period | 9904 | -€82,738 | €21,203 | +€103,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,738 | €21,203 | +€103,942 |
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 13 October 2026 via checked.be.