ACOR SYSTEMS: 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.
ACOR SYSTEMS
Largest movements
- Receivables after one year -€482,843
down €482,843 (-13.3%), from €3.6m to €3.2m
- Current investments -€270,062
down €270,062 (-23.4%), from €1.2m to €885,490
- Tangible fixed assets +€198,002
up €198,002 (+11.7%), from €1.7m to €1.9m
of which Land and buildings: +€380,379
- Cash -€97,664
down €97,664 (-4.4%), from €2.2m to €2.1m
mainly Tax, wage and social debts (-€359,803) and Investment in fixed assets (net) (-€319,145)
- Tax, wage and social debts -€359,803
down €359,803 (-93.6%), from €384,255 to €24,452
- Debts after one year -€151,166
down €151,166 (-15.9%), from €953,606 to €802,439
- Financial income -€4.4m
down €4.4m (-97.5%), from €4.5m to €112,217
of which Non-recurring financial income: -€4.4m
- Taxes -€348,293
down €348,293 (-84.8%), from €410,786 to €62,493
- Gross operating margin -€48,600
down €48,600 (-19.9%), from €244,538 to €195,937
- Financial charges +€5,567
up €5,567 (+24.7%), from €22,513 to €28,080
of which Financial charges: +€5,567
- Depreciation +€3,410
up €3,410 (+2.9%), from €118,266 to €121,676
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 | €9,417,794 | €8,817,550 | -€600,244 | -6.4% |
| Fixed assets | 21/28 | €1,698,377 | €1,895,847 | +€197,470 | +11.6% |
| Tangible fixed assets | 22/27 | €1,697,844 | €1,895,847 | +€198,002 | +11.7% |
| Land and buildings | 22 | €1,483,891 | €1,864,270 | +€380,379 | +25.6% |
| Plant, machinery and equipment | 23 | €33,046 | €0 | -€33,046 | -100% |
| Furniture and vehicles | 24 | €180,907 | €31,576 | -€149,331 | -82.5% |
| Financial fixed assets | 28 | €533 | €0 | -€533 | -100% |
| Current assets | 29/58 | €7,719,417 | €6,921,703 | -€797,714 | -10.3% |
| Amounts receivable after more than one year | 29 | €3,642,843 | €3,160,000 | -€482,843 | -13.3% |
| Other amounts receivable | 291 | €3,642,843 | €3,160,000 | -€482,843 | -13.3% |
| Stocks and contracts in progress | 3 | €130,167 | €130,167 | = | 0.0% |
| Stocks | 30/36 | €130,167 | €130,167 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €562,477 | €612,474 | +€49,997 | +8.9% |
| Trade receivables | 40 | €76,912 | €56,617 | -€20,295 | -26.4% |
| Other amounts receivable | 41 | €485,565 | €555,857 | +€70,292 | +14.5% |
| Current investments | 50/53 | €1,155,552 | €885,490 | -€270,062 | -23.4% |
| Cash at bank and in hand | 54/58 | €2,222,016 | €2,124,352 | -€97,664 | -4.4% |
| Deferred charges and accrued income | 490/1 | €6,362 | €9,220 | +€2,857 | +44.9% |
| Total equity and liabilities | 10/49 | €9,417,794 | €8,817,550 | -€600,244 | -6.4% |
| Equity | 10/15 | €7,794,147 | €7,805,337 | +€11,191 | +0.1% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €7,787,147 | €7,798,337 | +€11,191 | +0.1% |
| Tax-exempt reserves | 132 | €668,650 | €319,960 | -€348,690 | -52.1% |
| Distributable reserves | 133 | €7,118,497 | €7,478,377 | +€359,881 | +5.1% |
| Amounts payable | 17/49 | €1,623,647 | €1,012,212 | -€611,435 | -37.7% |
| Amounts payable after more than one year | 17 | €953,606 | €802,439 | -€151,166 | -15.9% |
| Financial debts | 170/4 | €953,606 | €802,439 | -€151,166 | -15.9% |
| Amounts payable within one year | 42/48 | €670,042 | €209,773 | -€460,269 | -68.7% |
| Current portion of amounts payable after more than one year | 42 | €179,750 | €154,854 | -€24,895 | -13.8% |
| Trade debts | 44 | €105,845 | €30,466 | -€75,379 | -71.2% |
| Suppliers | 440/4 | €105,845 | €30,466 | -€75,379 | -71.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €384,255 | €24,452 | -€359,803 | -93.6% |
| Taxes | 450/3 | €384,255 | €24,452 | -€359,803 | -93.6% |
| Other amounts payable | 47/48 | €192 | €0 | -€192 | -100% |
| Remuneration, social security and pensions | 62 | €4,887 | €4,887 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,266 | €121,676 | +€3,410 | +2.9% |
| Other operating charges | 640/8 | €80,172 | €79,829 | -€343 | -0.4% |
| Gross operating margin | 9900 | €244,538 | €195,937 | -€48,600 | -19.9% |
| Operating profit (loss) | 9901 | €41,213 | -€10,454 | -€51,667 | |
| Financial income | 75/76B | €4,494,691 | €112,217 | -€4.4m | -97.5% |
| Recurring financial income | 75 | €32,191 | €74,856 | +€42,665 | +133% |
| Non-recurring financial income | 76B | €4,462,500 | €37,362 | -€4.4m | -99.2% |
| Financial charges | 65/66B | €22,513 | €28,080 | +€5,567 | +24.7% |
| Recurring financial charges | 65 | €22,513 | €28,080 | +€5,567 | +24.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €4,513,390 | €73,683 | -€4.4m | -98.4% |
| Income taxes | 67/77 | €410,786 | €62,493 | -€348,293 | -84.8% |
| Profit (loss) for the period | 9904 | €4,102,605 | €11,191 | -€4.1m | -99.7% |
| Transfer from tax-exempt reserves | 789 | €0 | €348,690 | +€348,690 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €4,102,605 | €359,881 | -€3.7m | -91.2% |
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 16 October 2026 via checked.be.