ACONTERRA FUND: what changed
ACONTERRA FUND
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+15.5%), from €10.9m to €12.6m
- Cash +€1.0m
up €1.0m (+1,411%), from €72,867 to €1.1m
mainly Contributions, distributions and other (+€4.5m) and Other debts (+€499,925)
- Contributions +€4.5m
up €4.5m (+28.3%), from €16.0m to €20.5m
- Profit (loss) carried forward -€2.3m
down €2.3m (-45.6%), from -€5.0m to -€7.3m
- Other debts +€499,925
new in 2025: €499,925
- Financial charges +€413,767
up €413,767 (+33.1%), from €1.3m to €1.7m
of which Non-recurring financial charges: +€413,380
- Financial income -€19,072
down €19,072 (-82.6%), from €23,098 to €4,026
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 | €10,991,675 | €13,717,142 | +€2.7m | +24.8% |
| Fixed assets | 21/28 | €10,910,224 | €12,605,922 | +€1.7m | +15.5% |
| Financial fixed assets | 28 | €10,910,224 | €12,605,922 | +€1.7m | +15.5% |
| Current assets | 29/58 | €81,451 | €1,111,219 | +€1.0m | +1,264% |
| Amounts receivable within one year | 40/41 | €3,825 | €5,543 | +€1,718 | +44.9% |
| Other amounts receivable | 41 | €3,825 | €5,543 | +€1,718 | +44.9% |
| Current investments | 50/53 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €72,867 | €1,100,912 | +€1.0m | +1,411% |
| Deferred charges and accrued income | 490/1 | €4,759 | €4,763 | +€4 | +0.1% |
| Total equity and liabilities | 10/49 | €10,991,675 | €13,717,142 | +€2.7m | +24.8% |
| Equity | 10/15 | €10,976,930 | €13,211,602 | +€2.2m | +20.4% |
| Contributions | 10/11 | €16,006,000 | €20,536,000 | +€4.5m | +28.3% |
| Capital | 10 | €16,006,000 | €20,536,000 | +€4.5m | +28.3% |
| Issued capital | 100 | €30,200,000 | €30,200,000 | = | 0.0% |
| Uncalled capital | 101 | €14,194,000 | €9,664,000 | -€4.5m | -31.9% |
| Profit (loss) carried forward | 14 | -€5,029,070 | -€7,324,398 | -€2.3m | -45.6% |
| Amounts payable | 17/49 | €14,745 | €505,540 | +€490,794 | +3,328% |
| Amounts payable within one year | 42/48 | €14,745 | €505,540 | +€490,794 | +3,328% |
| Trade debts | 44 | €14,745 | €5,615 | -€9,130 | -61.9% |
| Suppliers | 440/4 | €14,745 | €5,615 | -€9,130 | -61.9% |
| Other amounts payable | 47/48 | - | €499,925 | +€499,925 | |
| Other operating charges | 640/8 | €106,086 | €106,118 | +€33 | 0.0% |
| Gross operating margin | 9900 | -€529,775 | -€527,888 | +€1,887 | +0.4% |
| Operating profit (loss) | 9901 | -€635,861 | -€634,007 | +€1,854 | +0.3% |
| Financial income | 75/76B | €23,098 | €4,026 | -€19,072 | -82.6% |
| Recurring financial income | 75 | €23,098 | €4,026 | -€19,072 | -82.6% |
| Financial charges | 65/66B | €1,251,581 | €1,665,348 | +€413,767 | +33.1% |
| Recurring financial charges | 65 | €1,581 | €1,968 | +€387 | +24.5% |
| Non-recurring financial charges | 66B | €1,250,000 | €1,663,380 | +€413,380 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,864,343 | -€2,295,328 | -€430,985 | -23.1% |
| Profit (loss) for the period | 9904 | -€1,864,343 | -€2,295,328 | -€430,985 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,864,343 | -€2,295,328 | -€430,985 | -23.1% |
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 7 November 2026 via checked.be.