ACOLEX: 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.
ACOLEX
Largest movements
- Receivables within one year +€93,448
up €93,448 (+20.6%), from €454,360 to €547,807
of which Other amounts receivable: +€48,899
- Cash -€41,558
down €41,558 (-65.2%), from €63,749 to €22,192
mainly Receivables within one year (-€93,448) and Tax, wage and social debts (-€25,212)
- Tangible fixed assets -€21,137
down €21,137 (-24.5%), from €86,342 to €65,205
of which Leasing and similar rights: -€16,819
- Trade debts +€44,569
up €44,569 (+26.7%), from €166,730 to €211,299
- Tax, wage and social debts -€25,212
down €25,212 (-24.3%), from €103,888 to €78,676
of which Taxes: -€34,267
- Debts after one year -€20,360
down €20,360 (-36.7%), from €55,437 to €35,078
- Current portion of long-term debt +€20,360
up €20,360 (+71.0%), from €28,656 to €49,016
- Profit (loss) carried forward +€11,146
up €11,146 (+12.9%), from €86,285 to €97,431
- Gross operating margin -€132,402
down €132,402 (-75.8%), from €174,712 to €42,310
- Other operating charges -€43,451
down €43,451 (-98.1%), from €44,314 to €863
- Taxes -€30,779
down €30,779 (-86.6%), from €35,545 to €4,765
- Write-downs +€11,884
no longer reported in 2025 (was -€11,884)
- Depreciation +€9,328
up €9,328 (+77.4%), from €12,059 to €21,387
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 | €613,502 | €644,005 | +€30,503 | +5.0% |
| Fixed assets | 21/28 | €92,947 | €71,559 | -€21,387 | -23.0% |
| Intangible fixed assets | 21 | €305 | €55 | -€250 | -82.0% |
| Tangible fixed assets | 22/27 | €86,342 | €65,205 | -€21,137 | -24.5% |
| Plant, machinery and equipment | 23 | €425 | €170 | -€255 | -59.9% |
| Furniture and vehicles | 24 | €4,984 | €3,587 | -€1,397 | -28.0% |
| Leasing and similar rights | 25 | €76,603 | €59,784 | -€16,819 | -22.0% |
| Other tangible fixed assets | 26 | €4,330 | €1,663 | -€2,667 | -61.6% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €520,556 | €572,445 | +€51,890 | +10.0% |
| Amounts receivable within one year | 40/41 | €454,360 | €547,807 | +€93,448 | +20.6% |
| Trade receivables | 40 | €162,419 | €206,968 | +€44,549 | +27.4% |
| Other amounts receivable | 41 | €291,940 | €340,839 | +€48,899 | +16.7% |
| Cash at bank and in hand | 54/58 | €63,749 | €22,192 | -€41,558 | -65.2% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,446 | = | 0.0% |
| Total equity and liabilities | 10/49 | €613,502 | €644,005 | +€30,503 | +5.0% |
| Equity | 10/15 | €164,168 | €175,314 | +€11,146 | +6.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €57,883 | €57,883 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €55,883 | €55,883 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,285 | €97,431 | +€11,146 | +12.9% |
| Provisions and deferred taxes | 16 | €22,685 | €22,685 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,685 | €22,685 | = | 0.0% |
| Pensions and similar obligations | 160 | €22,685 | €22,685 | = | 0.0% |
| Amounts payable | 17/49 | €426,650 | €446,006 | +€19,356 | +4.5% |
| Amounts payable after more than one year | 17 | €55,437 | €35,078 | -€20,360 | -36.7% |
| Financial debts | 170/4 | €55,437 | €35,078 | -€20,360 | -36.7% |
| Amounts payable within one year | 42/48 | €371,213 | €410,928 | +€39,716 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €28,656 | €49,016 | +€20,360 | +71.0% |
| Trade debts | 44 | €166,730 | €211,299 | +€44,569 | +26.7% |
| Suppliers | 440/4 | €166,730 | €211,299 | +€44,569 | +26.7% |
| Taxes, remuneration and social security | 45 | €103,888 | €78,676 | -€25,212 | -24.3% |
| Taxes | 450/3 | €103,888 | €69,621 | -€34,267 | -33.0% |
| Remuneration and social security | 454/9 | - | €9,055 | +€9,055 | |
| Other amounts payable | 47/48 | €71,938 | €71,938 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,059 | €21,387 | +€9,328 | +77.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,884 | - | +€11,884 | |
| Other operating charges | 640/8 | €44,314 | €863 | -€43,451 | -98.1% |
| Gross operating margin | 9900 | €174,712 | €42,310 | -€132,402 | -75.8% |
| Operating profit (loss) | 9901 | €130,223 | €20,060 | -€110,163 | -84.6% |
| Financial charges | 65/66B | €3,807 | €4,148 | +€341 | +9.0% |
| Recurring financial charges | 65 | €3,807 | €4,148 | +€341 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €126,416 | €15,911 | -€110,504 | -87.4% |
| Income taxes | 67/77 | €35,545 | €4,765 | -€30,779 | -86.6% |
| Profit (loss) for the period | 9904 | €90,871 | €11,146 | -€79,725 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,871 | €11,146 | -€79,725 | -87.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.