ACON GROUP: what changed
ACON GROUP
Largest movements
- Receivables within one year +€183,452
up €183,452 (+140%), from €130,859 to €314,311
of which Trade receivables: +€183,452
- Current investments +€45,000
up €45,000 (+81.8%), from €55,000 to €100,000
- Cash +€8,381
up €8,381 (+6.2%), from €135,724 to €144,105
mainly Trade debts (+€152,347) and Net result for the year (+€67,490)
- Tangible fixed assets -€6,384
down €6,384 (-8.1%), from €78,715 to €72,330
of which Plant, machinery and equipment: -€5,363
- Trade debts +€152,347
up €152,347 (+2,615%), from €5,826 to €158,173
- Reserves +€61,280
up €61,280 (+26.8%), from €228,614 to €289,894
of which Distributable reserves: +€61,280
- Other debts +€26,307
up €26,307 (+116%), from €22,627 to €48,934
- Debts after one year -€16,329
down €16,329 (-27.0%), from €60,573 to €44,243
- Gross operating margin +€18,591
up €18,591 (+13.4%), from €138,660 to €157,251
- Taxes +€4,375
up €4,375 (+20.0%), from €21,845 to €26,220
- Staff costs +€4,128
up €4,128 (+11.6%), from €35,673 to €39,802
- Other operating charges -€1,832
down €1,832 (-32.5%), from €5,635 to €3,803
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €401,632 | €631,029 | +€229,396 | +57.1% |
| Fixed assets | 21/28 | €78,715 | €72,330 | -€6,384 | -8.1% |
| Tangible fixed assets | 22/27 | €78,715 | €72,330 | -€6,384 | -8.1% |
| Land and buildings | 22 | €60,740 | €56,198 | -€4,541 | -7.5% |
| Plant, machinery and equipment | 23 | €15,398 | €10,035 | -€5,363 | -34.8% |
| Furniture and vehicles | 24 | €2,577 | €6,098 | +€3,520 | +137% |
| Current assets | 29/58 | €322,918 | €558,698 | +€235,780 | +73.0% |
| Amounts receivable within one year | 40/41 | €130,859 | €314,311 | +€183,452 | +140% |
| Trade receivables | 40 | €127,096 | €310,549 | +€183,452 | +144% |
| Other amounts receivable | 41 | €3,762 | €3,762 | = | 0.0% |
| Current investments | 50/53 | €55,000 | €100,000 | +€45,000 | +81.8% |
| Cash at bank and in hand | 54/58 | €135,724 | €144,105 | +€8,381 | +6.2% |
| Deferred charges and accrued income | 490/1 | €1,335 | €282 | -€1,053 | -78.9% |
| Total equity and liabilities | 10/49 | €401,632 | €631,029 | +€229,396 | +57.1% |
| Equity | 10/15 | €263,423 | €324,703 | +€61,280 | +23.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,614 | €289,894 | +€61,280 | +26.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €226,754 | €288,034 | +€61,280 | +27.0% |
| Profit (loss) carried forward | 14 | €16,208 | €16,208 | = | 0.0% |
| Amounts payable | 17/49 | €138,210 | €306,326 | +€168,116 | +122% |
| Amounts payable after more than one year | 17 | €60,573 | €44,243 | -€16,329 | -27.0% |
| Financial debts | 170/4 | €60,573 | €44,243 | -€16,329 | -27.0% |
| Amounts payable within one year | 42/48 | €77,637 | €262,083 | +€184,445 | +238% |
| Current portion of amounts payable after more than one year | 42 | €15,600 | €16,329 | +€730 | +4.7% |
| Trade debts | 44 | €5,826 | €158,173 | +€152,347 | +2,615% |
| Suppliers | 440/4 | €5,826 | €158,173 | +€152,347 | +2,615% |
| Taxes, remuneration and social security | 45 | €33,585 | €38,647 | +€5,062 | +15.1% |
| Taxes | 450/3 | €29,611 | €34,736 | +€5,124 | +17.3% |
| Remuneration and social security | 454/9 | €3,973 | €3,911 | -€62 | -1.6% |
| Other amounts payable | 47/48 | €22,627 | €48,934 | +€26,307 | +116% |
| Remuneration, social security and pensions | 62 | €35,673 | €39,802 | +€4,128 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,995 | €14,709 | -€286 | -1.9% |
| Other operating charges | 640/8 | €5,635 | €3,803 | -€1,832 | -32.5% |
| Gross operating margin | 9900 | €138,660 | €157,251 | +€18,591 | +13.4% |
| Operating profit (loss) | 9901 | €82,357 | €98,937 | +€16,580 | +20.1% |
| Financial income | 75/76B | €1,204 | €2,301 | +€1,097 | +91.1% |
| Recurring financial income | 75 | €1,204 | €2,301 | +€1,097 | +91.1% |
| Financial charges | 65/66B | €7,146 | €7,528 | +€382 | +5.4% |
| Recurring financial charges | 65 | €7,146 | €7,528 | +€382 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | €76,416 | €93,710 | +€17,294 | +22.6% |
| Income taxes | 67/77 | €21,845 | €26,220 | +€4,375 | +20.0% |
| Profit (loss) for the period | 9904 | €54,571 | €67,490 | +€12,919 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €54,571 | €67,490 | +€12,919 | +23.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.