Acotex: 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.
Acotex
Largest movements
- Tangible fixed assets -€242,711
down €242,711 (-6.3%), from €3.9m to €3.6m
of which Other tangible fixed assets: -€237,290
- Receivables within one year +€179,023
up €179,023 (+7.7%), from €2.3m to €2.5m
of which Other amounts receivable: +€302,443
- Cash +€79,286
up €79,286 (+168%), from €47,205 to €126,492
mainly Depreciation (+€242,711) and Net result for the year (+€205,184)
- Other debts +€200,000
up €200,000 (+25,882%), from €773 to €200,773
- Trade debts -€159,324
down €159,324 (-96.4%), from €165,300 to €5,977
- Gross operating margin -€200,613
down €200,613 (-30.6%), from €656,516 to €455,902
- Taxes -€50,462
down €50,462 (-88.5%), from €56,998 to €6,536
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 | €6,406,534 | €6,454,680 | +€48,146 | +0.8% |
| Fixed assets | 21/28 | €3,877,136 | €3,634,424 | -€242,711 | -6.3% |
| Tangible fixed assets | 22/27 | €3,877,136 | €3,634,424 | -€242,711 | -6.3% |
| Land and buildings | 22 | €2,788,395 | €2,782,974 | -€5,422 | -0.2% |
| Other tangible fixed assets | 26 | €1,088,740 | €851,451 | -€237,290 | -21.8% |
| Current assets | 29/58 | €2,529,398 | €2,820,256 | +€290,858 | +11.5% |
| Amounts receivable within one year | 40/41 | €2,328,649 | €2,507,672 | +€179,023 | +7.7% |
| Trade receivables | 40 | €123,420 | €0 | -€123,420 | -100% |
| Other amounts receivable | 41 | €2,205,229 | €2,507,672 | +€302,443 | +13.7% |
| Cash at bank and in hand | 54/58 | €47,205 | €126,492 | +€79,286 | +168% |
| Deferred charges and accrued income | 490/1 | €153,544 | €186,092 | +€32,549 | +21.2% |
| Total equity and liabilities | 10/49 | €6,406,534 | €6,454,680 | +€48,146 | +0.8% |
| Equity | 10/15 | €6,174,803 | €6,179,986 | +€5,184 | +0.1% |
| Contributions | 10/11 | €1,810,000 | €1,810,000 | = | 0.0% |
| Capital | 10 | €1,810,000 | €1,810,000 | = | 0.0% |
| Issued capital | 100 | €1,810,000 | €1,810,000 | = | 0.0% |
| Reserves | 13 | €425,385 | €412,635 | -€12,750 | -3.0% |
| Non-distributable reserves | 130/1 | €181,000 | €181,000 | = | 0.0% |
| Legal reserve | 130 | €181,000 | €181,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €180,775 | €168,025 | -€12,750 | -7.1% |
| Distributable reserves | 133 | €63,610 | €63,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,939,418 | €3,957,352 | +€17,934 | +0.5% |
| Provisions and deferred taxes | 16 | €60,258 | €56,008 | -€4,250 | -7.1% |
| Deferred taxes | 168 | €60,258 | €56,008 | -€4,250 | -7.1% |
| Amounts payable | 17/49 | €171,473 | €218,685 | +€47,212 | +27.5% |
| Amounts payable within one year | 42/48 | €171,473 | €218,685 | +€47,212 | +27.5% |
| Trade debts | 44 | €165,300 | €5,977 | -€159,324 | -96.4% |
| Suppliers | 440/4 | €165,300 | €5,977 | -€159,324 | -96.4% |
| Taxes, remuneration and social security | 45 | €5,400 | €11,936 | +€6,536 | +121% |
| Taxes | 450/3 | €5,400 | €11,936 | +€6,536 | +121% |
| Other amounts payable | 47/48 | €773 | €200,773 | +€200,000 | +25,882% |
| Non-recurring operating income | 76A | €200,000 | €0 | -€200,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242,875 | €242,711 | -€164 | -0.1% |
| Other operating charges | 640/8 | €50,054 | €51,605 | +€1,550 | +3.1% |
| Gross operating margin | 9900 | €656,516 | €455,902 | -€200,613 | -30.6% |
| Operating profit (loss) | 9901 | €363,586 | €161,586 | -€202,000 | -55.6% |
| Financial income | 75/76B | €41,597 | €46,730 | +€5,133 | +12.3% |
| Recurring financial income | 75 | €41,597 | €46,730 | +€5,133 | +12.3% |
| Financial charges | 65/66B | €840 | €847 | +€6 | +0.7% |
| Recurring financial charges | 65 | €840 | €847 | +€6 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €404,343 | €207,470 | -€196,874 | -48.7% |
| Transfer from deferred taxes | 780 | €4,250 | €4,250 | = | 0.0% |
| Transfer to deferred taxes | 680 | €50,000 | €0 | -€50,000 | -100% |
| Income taxes | 67/77 | €56,998 | €6,536 | -€50,462 | -88.5% |
| Profit (loss) for the period | 9904 | €301,596 | €205,184 | -€96,412 | -32.0% |
| Transfer from tax-exempt reserves | 789 | €12,750 | €12,750 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €150,000 | €0 | -€150,000 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €164,346 | €217,934 | +€53,588 | +32.6% |
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 20 October 2026 via checked.be.