ACOTEC: what changed
Two fiscal 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
ACOTEC
NACE 42.919, Civil engineering
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€92,687
2024 · -€104,420+€197,107
Equity
€5.3m
2024 · €5.2m+€92,687
Cash
€9,057
2024 · €181,402-€172,346
Balance sheet total
€11.7m
2024 · €11.0m+€744,655
Largest movements
Assets
- Receivables within one year +€629,163
up €629,163 (+8.9%), from €7.0m to €7.7m
of which Other amounts receivable: +€418,446
- Deferred charges and accrued income +€405,189
up €405,189 (+29.8%), from €1.4m to €1.8m
- Cash -€172,346
down €172,346 (-95.0%), from €181,402 to €9,057
mainly Receivables within one year (-€629,163) and Deferred charges and accrued income (-€405,189)
Equity and liabilities
- Short-term financial debts +€547,530
up €547,530 (+14.7%), from €3.7m to €4.3m
- Other debts +€286,000
up €286,000 (+51.9%), from €551,019 to €837,019
- Tax, wage and social debts -€126,465
down €126,465 (-24.6%), from €514,706 to €388,241
of which Remuneration and social security: -€77,408
Income statement
- Turnover +€1.1m
up €1.1m (+13.0%), from €8.1m to €9.2m
- Goods and materials +€558,308
up €558,308 (+19.8%), from €2.8m to €3.4m
of which Purchases: +€447,134
- Services and other goods +€280,709
up €280,709 (+8.4%), from €3.3m to €3.6m
- Staff costs +€126,398
up €126,398 (+7.6%), from €1.7m to €1.8m
- Other operating income +€125,050
up €125,050 (+44.7%), from €279,810 to €404,859
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
-€104,420
Turnover
+€1.1m
Other operating income
+€125,050
Goods and materials
-€558,308
Services and other goods
-€280,709
Staff costs
-€126,398
Depreciation
+€1,125
Write-downs
+€17,282
Other operating charges
-€31,540
Other operating items
-€55,605
Financial income
+€11,227
Financial charges
+€37,739
Result 2025
€92,687
Cash bridge derived
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
-€495,637
Investment
-€224,239
Financing
+€547,530
Cash 2024
€181,402
From operations (derived)
-€495,637
Net result for the year
+€92,687
Depreciation
+€278,413
Stocks and contracts
+€63,177
Receivables within one year
-€629,163
Deferred charges and accrued income
-€405,189
Trade debts
-€77,972
Tax, wage and social debts
-€126,465
Other debts
+€286,000
Accrued charges and deferred income
+€22,875
Investment (derived)
-€224,239
Investment in fixed assets (net)
-€224,225
Current investments
-€14
Financing
+€547,530
Short-term financial debts
+€547,530
Cash 2025
€9,057
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,979,865 | €11,724,520 | +€744,655 | +6.8% |
| Fixed assets | 21/28 | €1,408,359 | €1,354,170 | -€54,188 | -3.8% |
| Intangible fixed assets | 21 | €100,258 | €68,401 | -€31,857 | -31.8% |
| Tangible fixed assets | 22/27 | €1,293,172 | €1,262,026 | -€31,146 | -2.4% |
| Land and buildings | 22 | €166,725 | €137,655 | -€29,070 | -17.4% |
| Plant, machinery and equipment | 23 | €1,095,681 | €1,093,834 | -€1,847 | -0.2% |
| Furniture and vehicles | 24 | €2,311 | €2,082 | -€229 | -9.9% |
| Other tangible fixed assets | 26 | €16,000 | €16,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €12,455 | €12,455 | = | 0.0% |
| Financial fixed assets | 28 | €14,929 | €23,744 | +€8,815 | +59.0% |
| Other financial fixed assets | 284/8 | €14,929 | €23,744 | +€8,815 | +59.0% |
| Amounts receivable and cash guarantees | 285/8 | €14,929 | €23,744 | +€8,815 | +59.0% |
| Current assets | 29/58 | €9,571,506 | €10,370,350 | +€798,843 | +8.3% |
| Stocks and contracts in progress | 3 | €994,659 | €931,482 | -€63,177 | -6.4% |
| Stocks | 30/36 | €994,659 | €931,482 | -€63,177 | -6.4% |
| Raw materials and consumables | 30/31 | €482,349 | €518,152 | +€35,804 | +7.4% |
| Finished goods | 33 | €512,310 | €413,329 | -€98,981 | -19.3% |
| Amounts receivable within one year | 40/41 | €7,029,765 | €7,658,928 | +€629,163 | +8.9% |
| Trade receivables | 40 | €1,795,120 | €2,005,837 | +€210,717 | +11.7% |
| Other amounts receivable | 41 | €5,234,646 | €5,653,092 | +€418,446 | +8.0% |
| Current investments | 50/53 | €5,510 | €5,524 | +€14 | +0.3% |
| Other investments | 51/53 | €5,510 | €5,524 | +€14 | +0.3% |
| Cash at bank and in hand | 54/58 | €181,402 | €9,057 | -€172,346 | -95.0% |
| Deferred charges and accrued income | 490/1 | €1,360,170 | €1,765,359 | +€405,189 | +29.8% |
| Total equity and liabilities | 10/49 | €10,979,865 | €11,724,520 | +€744,655 | +6.8% |
| Equity | 10/15 | €5,194,887 | €5,287,574 | +€92,687 | +1.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €12,358 | €12,358 | = | 0.0% |
| Reserves | 13 | €5,082,529 | €5,175,217 | +€92,687 | +1.8% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €5,072,529 | €5,165,217 | +€92,687 | +1.8% |
| Amounts payable | 17/49 | €5,784,978 | €6,436,946 | +€651,968 | +11.3% |
| Amounts payable within one year | 42/48 | €5,550,604 | €6,179,697 | +€629,093 | +11.3% |
| Financial debts | 43 | €3,737,110 | €4,284,640 | +€547,530 | +14.7% |
| Credit institutions | 430/8 | €3,737,110 | €4,284,640 | +€547,530 | +14.7% |
| Trade debts | 44 | €747,770 | €669,798 | -€77,972 | -10.4% |
| Suppliers | 440/4 | €747,770 | €669,798 | -€77,972 | -10.4% |
| Taxes, remuneration and social security | 45 | €514,706 | €388,241 | -€126,465 | -24.6% |
| Taxes | 450/3 | €62,875 | €13,819 | -€49,057 | -78.0% |
| Remuneration and social security | 454/9 | €451,830 | €374,422 | -€77,408 | -17.1% |
| Other amounts payable | 47/48 | €551,019 | €837,019 | +€286,000 | +51.9% |
| Accrued charges and deferred income | 492/3 | €234,374 | €257,249 | +€22,875 | +9.8% |
| Operating income | 70/76A | €8,188,355 | €9,336,045 | +€1.1m | +14.0% |
| Turnover | 70 | €8,118,256 | €9,175,502 | +€1.1m | +13.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€259,783 | -€244,316 | +€15,467 | +6.0% |
| Own construction capitalised | 72 | €7,322 | - | -€7,322 | |
| Other operating income | 74 | €279,810 | €404,859 | +€125,050 | +44.7% |
| Non-recurring operating income | 76A | €42,750 | - | -€42,750 | |
| Operating charges | 60/66A | €8,143,548 | €9,143,098 | +€999,549 | +12.3% |
| Goods for resale, raw materials and consumables | 60 | €2,818,389 | €3,376,697 | +€558,308 | +19.8% |
| Purchases | 600/8 | €2,952,825 | €3,399,959 | +€447,134 | +15.1% |
| Change in stocks: decrease (increase) | 609 | -€134,436 | -€23,261 | +€111,174 | +82.7% |
| Services and other goods | 61 | €3,348,122 | €3,628,831 | +€280,709 | +8.4% |
| Remuneration, social security and pensions | 62 | €1,664,489 | €1,790,887 | +€126,398 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,537 | €278,413 | -€1,125 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,739 | -€12,542 | -€17,282 | |
| Other operating charges | 640/8 | €28,271 | €59,812 | +€31,540 | +111.6% |
| Non-recurring operating charges | 66A | - | €21,000 | +€21,000 | |
| Operating profit (loss) | 9901 | €44,806 | €192,948 | +€148,141 | +330.6% |
| Financial income | 75/76B | €126,053 | €137,280 | +€11,227 | +8.9% |
| Recurring financial income | 75 | €126,053 | €137,280 | +€11,227 | +8.9% |
| Income from current assets | 751 | €124,129 | €124,455 | +€326 | +0.3% |
| Other financial income | 752/9 | €1,925 | €12,825 | +€10,901 | +566.3% |
| Financial charges | 65/66B | €275,280 | €237,541 | -€37,739 | -13.7% |
| Recurring financial charges | 65 | €275,280 | €237,541 | -€37,739 | -13.7% |
| Debt charges | 650 | €258,300 | €188,299 | -€70,001 | -27.1% |
| Other financial charges | 652/9 | €16,980 | €49,241 | +€32,262 | +190.0% |
| Profit (loss) for the period before taxes | 9903 | -€104,420 | €92,687 | +€197,107 | |
| Profit (loss) for the period | 9904 | -€104,420 | €92,687 | +€197,107 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,420 | €92,687 | +€197,107 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.