ACOTAX: 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.
What changed
ACOTAX
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€149,478
2024 · €103,044+€46,433
Equity
€3.1m
2024 · €3.0m+€134,478
Cash
€621,220
2024 · €736,400-€115,180
Balance sheet total
€3.7m
2024 · €3.6m+€52,894
Largest movements
Assets
- Current investments +€243,765
up €243,765 (+164%), from €148,471 to €392,236
- Cash -€115,180
down €115,180 (-15.6%), from €736,400 to €621,220
mainly Current investments (-€243,765) and Short-term financial debts (-€64,000)
- Tangible fixed assets -€49,370
down €49,370 (-2.6%), from €1.9m to €1.9m
of which Land and buildings: -€62,322
Equity and liabilities
- Reserves +€134,478
up €134,478 (+4.5%), from €3.0m to €3.1m
- Short-term financial debts -€64,000
no longer reported in 2025 (was €64,000)
Income statement
- Financial income +€31,895
up €31,895 (+65.2%), from €48,905 to €80,800
- Other operating charges -€15,786
down €15,786 (-72.9%), from €21,659 to €5,873
- Taxes +€7,136
up €7,136 (+27.7%), from €25,804 to €32,940
- Financial charges -€5,184
down €5,184 (-16.5%), from €31,358 to €26,173
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.
Result 2024
€103,044
Gross operating margin
+€1,270
Staff costs
-€1,664
Depreciation
+€1,097
Other operating charges
+€15,786
Financial income
+€31,895
Financial charges
+€5,184
Taxes
-€7,136
Result 2025
€149,478
raises the resultlowers the result
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.
From operations
+€248,363
Investment
-€263,465
Financing
-€100,078
Cash 2024
€736,400
From operations (derived)
+€248,363
Net result for the year
+€149,478
Depreciation
+€69,070
Receivables after one year
+€26,400
Smaller working-capital items
-€80
Trade debts
+€23,168
Tax, wage and social debts
+€13,348
Other debts
-€32,375
Accrued charges and deferred income
-€646
Investment (derived)
-€263,465
Investment in fixed assets (net)
-€19,700
Current investments
-€243,765
Financing
-€100,078
Debts after one year
-€15,141
Current portion of long-term debt
-€5,937
Short-term financial debts
-€64,000
Contributions, distributions and other
-€15,000
Cash 2025
€621,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,640,404 | €3,693,298 | +€52,894 | +1.5% |
| Fixed assets | 21/28 | €2,540,405 | €2,491,035 | -€49,370 | -1.9% |
| Tangible fixed assets | 22/27 | €1,923,950 | €1,874,580 | -€49,370 | -2.6% |
| Land and buildings | 22 | €1,922,748 | €1,860,426 | -€62,322 | -3.2% |
| Furniture and vehicles | 24 | €1,202 | €14,153 | +€12,952 | +1,078% |
| Financial fixed assets | 28 | €616,455 | €616,455 | = | 0.0% |
| Current assets | 29/58 | €1,100,000 | €1,202,264 | +€102,264 | +9.3% |
| Amounts receivable after more than one year | 29 | €182,033 | €155,633 | -€26,400 | -14.5% |
| Other amounts receivable | 291 | €182,033 | €155,633 | -€26,400 | -14.5% |
| Amounts receivable within one year | 40/41 | €31,618 | €31,614 | -€4 | 0.0% |
| Trade receivables | 40 | €31,541 | €31,541 | = | 0.0% |
| Other amounts receivable | 41 | €77 | €73 | -€4 | -5.6% |
| Current investments | 50/53 | €148,471 | €392,236 | +€243,765 | +164% |
| Cash at bank and in hand | 54/58 | €736,400 | €621,220 | -€115,180 | -15.6% |
| Deferred charges and accrued income | 490/1 | €1,477 | €1,561 | +€84 | +5.7% |
| Total equity and liabilities | 10/49 | €3,640,404 | €3,693,298 | +€52,894 | +1.5% |
| Equity | 10/15 | €2,990,880 | €3,125,358 | +€134,478 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,972,280 | €3,106,758 | +€134,478 | +4.5% |
| Distributable reserves | 133 | €2,972,280 | €3,106,758 | +€134,478 | +4.5% |
| Provisions and deferred taxes | 16 | €46,837 | €46,837 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €46,837 | €46,837 | = | 0.0% |
| Pensions and similar obligations | 160 | €46,837 | €46,837 | = | 0.0% |
| Amounts payable | 17/49 | €602,688 | €521,104 | -€81,584 | -13.5% |
| Amounts payable after more than one year | 17 | €450,803 | €435,662 | -€15,141 | -3.4% |
| Financial debts | 170/4 | €257,803 | €242,662 | -€15,141 | -5.9% |
| Other amounts payable | 178/9 | €193,000 | €193,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €147,303 | €81,507 | -€65,796 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €21,078 | €15,141 | -€5,937 | -28.2% |
| Financial debts | 43 | €64,000 | - | -€64,000 | |
| Credit institutions | 430/8 | €64,000 | - | -€64,000 | |
| Trade debts | 44 | €1,430 | €24,598 | +€23,168 | +1,620% |
| Suppliers | 440/4 | €1,430 | €24,598 | +€23,168 | +1,620% |
| Taxes, remuneration and social security | 45 | €26,092 | €39,439 | +€13,348 | +51.2% |
| Taxes | 450/3 | €17,364 | €30,363 | +€12,999 | +74.9% |
| Remuneration and social security | 454/9 | €8,728 | €9,076 | +€348 | +4.0% |
| Other amounts payable | 47/48 | €34,703 | €2,328 | -€32,375 | -93.3% |
| Accrued charges and deferred income | 492/3 | €4,582 | €3,936 | -€646 | -14.1% |
| Remuneration, social security and pensions | 62 | €44,969 | €46,634 | +€1,664 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,168 | €69,070 | -€1,097 | -1.6% |
| Other operating charges | 640/8 | €21,659 | €5,873 | -€15,786 | -72.9% |
| Gross operating margin | 9900 | €248,098 | €249,368 | +€1,270 | +0.5% |
| Operating profit (loss) | 9901 | €111,302 | €127,791 | +€16,489 | +14.8% |
| Financial income | 75/76B | €48,905 | €80,800 | +€31,895 | +65.2% |
| Recurring financial income | 75 | €48,905 | €80,800 | +€31,895 | +65.2% |
| Financial charges | 65/66B | €31,358 | €26,173 | -€5,184 | -16.5% |
| Recurring financial charges | 65 | €31,358 | €26,173 | -€5,184 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €128,849 | €182,417 | +€53,569 | +41.6% |
| Income taxes | 67/77 | €25,804 | €32,940 | +€7,136 | +27.7% |
| Profit (loss) for the period | 9904 | €103,044 | €149,478 | +€46,433 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €103,044 | €149,478 | +€46,433 | +45.1% |
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 14 October 2026 via checked.be.