ACONCAGUA: 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.
ACONCAGUA
Largest movements
- Cash +€49,188
up €49,188 (+78.9%), from €62,373 to €111,561
mainly Net result for the year (+€93,958) and Other debts (+€49,781)
- Receivables within one year +€2,226
up €2,226 (+12.7%), from €17,571 to €19,797
of which Other amounts receivable: +€3,464
- Other debts +€49,781
up €49,781 (+66.5%), from €74,864 to €124,645
- Gross operating margin -€12,353
down €12,353 (-9.0%), from €137,158 to €124,805
- Taxes -€3,458
down €3,458 (-11.6%), from €29,929 to €26,470
- Depreciation +€1,931
up €1,931 (+166%), from €1,167 to €3,098
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 | €103,989 | €154,691 | +€50,701 | +48.8% |
| Fixed assets | 21/28 | €22,563 | €21,764 | -€798 | -3.5% |
| Tangible fixed assets | 22/27 | €22,063 | €21,264 | -€798 | -3.6% |
| Furniture and vehicles | 24 | €7,371 | €8,120 | +€749 | +10.2% |
| Other tangible fixed assets | 26 | €14,692 | €13,145 | -€1,548 | -10.5% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €81,426 | €132,926 | +€51,500 | +63.2% |
| Amounts receivable within one year | 40/41 | €17,571 | €19,797 | +€2,226 | +12.7% |
| Trade receivables | 40 | €17,500 | €16,262 | -€1,237 | -7.1% |
| Other amounts receivable | 41 | €71 | €3,535 | +€3,464 | +4,871% |
| Cash at bank and in hand | 54/58 | €62,373 | €111,561 | +€49,188 | +78.9% |
| Deferred charges and accrued income | 490/1 | €1,483 | €1,568 | +€85 | +5.8% |
| Total equity and liabilities | 10/49 | €103,989 | €154,691 | +€50,701 | +48.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €85,389 | €136,091 | +€50,701 | +59.4% |
| Amounts payable within one year | 42/48 | €85,389 | €136,091 | +€50,701 | +59.4% |
| Trade debts | 44 | €1,221 | €1,519 | +€298 | +24.4% |
| Suppliers | 440/4 | €1,221 | €1,519 | +€298 | +24.4% |
| Taxes, remuneration and social security | 45 | €9,303 | €9,926 | +€623 | +6.7% |
| Taxes | 450/3 | €9,303 | €9,926 | +€623 | +6.7% |
| Other amounts payable | 47/48 | €74,864 | €124,645 | +€49,781 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,167 | €3,098 | +€1,931 | +166% |
| Other operating charges | 640/8 | €970 | €1,077 | +€107 | +11.0% |
| Gross operating margin | 9900 | €137,158 | €124,805 | -€12,353 | -9.0% |
| Operating profit (loss) | 9901 | €135,021 | €120,630 | -€14,391 | -10.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +348% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +348% |
| Financial charges | 65/66B | €181 | €203 | +€21 | +11.8% |
| Recurring financial charges | 65 | €181 | €203 | +€21 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €134,840 | €120,428 | -€14,412 | -10.7% |
| Income taxes | 67/77 | €29,929 | €26,470 | -€3,458 | -11.6% |
| Profit (loss) for the period | 9904 | €104,911 | €93,958 | -€10,953 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €104,911 | €93,958 | -€10,953 | -10.4% |
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 16 October 2026 via checked.be.