ACON: 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.
ACON
Largest movements
- Receivables within one year +€49,311
up €49,311 (+41.7%), from €118,336 to €167,647
of which Trade receivables: +€55,809
- Cash -€30,340
down €30,340 (-69.1%), from €43,904 to €13,565
mainly Receivables within one year (-€49,311) and Contributions, distributions and other (-€37,563)
- Stocks and contracts -€8,358
no longer reported in 2025 (was €8,358)
- Tangible fixed assets -€7,897
down €7,897 (-37.0%), from €21,357 to €13,460
- Current investments +€5,000
up €5,000 (+9.8%), from €50,850 to €55,850
- Reserves +€36,230
up €36,230 (+25.2%), from €143,972 to €180,203
of which Distributable reserves: +€38,090
- Other debts -€26,798
down €26,798 (-80.3%), from €33,375 to €6,577
- Trade debts -€16,901
down €16,901 (-42.9%), from €39,430 to €22,529
- Current portion of long-term debt +€12,000
new in 2025: €12,000
- Tax, wage and social debts +€4,735
up €4,735 (+48.5%), from €9,764 to €14,499
of which Remuneration and social security: +€2,805
- Gross operating margin +€77,301
up €77,301 (+78.7%), from €98,179 to €175,480
- Staff costs +€20,371
up €20,371 (+59.5%), from €34,253 to €54,623
- Taxes +€18,931
up €18,931 (+169.8%), from €11,152 to €30,083
- Other operating charges -€5,077
down €5,077 (-43.7%), from €11,620 to €6,543
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 | €245,229 | €254,495 | +€9,266 | +3.8% |
| Fixed assets | 21/28 | €21,507 | €13,610 | -€7,897 | -36.7% |
| Tangible fixed assets | 22/27 | €21,357 | €13,460 | -€7,897 | -37.0% |
| Furniture and vehicles | 24 | €21,357 | €13,460 | -€7,897 | -37.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €223,722 | €240,886 | +€17,163 | +7.7% |
| Stocks and contracts in progress | 3 | €8,358 | - | -€8,358 | |
| Stocks | 30/36 | €8,358 | - | -€8,358 | |
| Amounts receivable within one year | 40/41 | €118,336 | €167,647 | +€49,311 | +41.7% |
| Trade receivables | 40 | €111,838 | €167,647 | +€55,809 | +49.9% |
| Other amounts receivable | 41 | €6,498 | - | -€6,498 | |
| Current investments | 50/53 | €50,850 | €55,850 | +€5,000 | +9.8% |
| Cash at bank and in hand | 54/58 | €43,904 | €13,565 | -€30,340 | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,275 | €3,824 | +€1,549 | +68.1% |
| Total equity and liabilities | 10/49 | €245,229 | €254,495 | +€9,266 | +3.8% |
| Equity | 10/15 | €162,661 | €198,891 | +€36,230 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €143,972 | €180,203 | +€36,230 | +25.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €142,112 | €180,203 | +€38,090 | +26.8% |
| Profit (loss) carried forward | 14 | €88 | €88 | = | 0.0% |
| Amounts payable | 17/49 | €82,569 | €55,605 | -€26,964 | -32.7% |
| Amounts payable within one year | 42/48 | €82,569 | €55,605 | -€26,964 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €39,430 | €22,529 | -€16,901 | -42.9% |
| Suppliers | 440/4 | €39,430 | €22,529 | -€16,901 | -42.9% |
| Taxes, remuneration and social security | 45 | €9,764 | €14,499 | +€4,735 | +48.5% |
| Taxes | 450/3 | €2,797 | €4,727 | +€1,930 | +69.0% |
| Remuneration and social security | 454/9 | €6,967 | €9,772 | +€2,805 | +40.3% |
| Other amounts payable | 47/48 | €33,375 | €6,577 | -€26,798 | -80.3% |
| Remuneration, social security and pensions | 62 | €34,253 | €54,623 | +€20,371 | +59.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,333 | €7,897 | -€436 | -5.2% |
| Other operating charges | 640/8 | €11,620 | €6,543 | -€5,077 | -43.7% |
| Gross operating margin | 9900 | €98,179 | €175,480 | +€77,301 | +78.7% |
| Operating profit (loss) | 9901 | €43,973 | €106,417 | +€62,443 | +142.0% |
| Financial income | 75/76B | €9 | €434 | +€425 | +4976.1% |
| Recurring financial income | 75 | €9 | €434 | +€425 | +4976.1% |
| Financial charges | 65/66B | €4,001 | €2,974 | -€1,027 | -25.7% |
| Recurring financial charges | 65 | €4,001 | €2,974 | -€1,027 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €39,981 | €103,877 | +€63,896 | +159.8% |
| Income taxes | 67/77 | €11,152 | €30,083 | +€18,931 | +169.8% |
| Profit (loss) for the period | 9904 | €28,829 | €73,794 | +€44,965 | +156.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,829 | €73,794 | +€44,965 | +156.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.