AcoustX: what changed
What changed
AcoustX
NACE 43.230, Insulation installation
filed annual accounts (NBB)
Net result for the year
€23,853
2024 · €30,294-€6,441
Equity
€103,288
2024 · €79,435+€23,853
Cash
€93,579
2024 · €23,972+€69,607
Balance sheet total
€767,003
2024 · €193,285+€573,718
Largest movements
Assets
- Tangible fixed assets +€503,535
up €503,535 (+3,741%), from €13,459 to €516,994
of which Land and buildings: +€509,384
- Cash +€69,607
up €69,607 (+290%), from €23,972 to €93,579
mainly Debts after one year (+€400,267) and Other debts (+€88,638)
Equity and liabilities
- Debts after one year +€400,267
new in 2025: €400,267
- Other debts +€88,638
up €88,638 (+211%), from €42,034 to €130,672
- Trade debts +€75,481
up €75,481 (+200%), from €37,701 to €113,183
- Reserves +€23,853
up €23,853 (+81.0%), from €29,435 to €53,288
- Tax, wage and social debts -€14,121
down €14,121 (-41.9%), from €33,715 to €19,593
of which Taxes: -€14,197
Income statement
- Gross operating margin -€55,515
down €55,515 (-25.5%), from €217,881 to €162,366
- Staff costs -€37,369
down €37,369 (-25.2%), from €148,258 to €110,890
- Taxes -€14,352
down €14,352 (-97.3%), from €14,749 to €397
- Financial charges +€9,918
up €9,918 (+4,799%), from €207 to €10,125
- Depreciation -€5,072
down €5,072 (-26.1%), from €19,451 to €14,379
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.
Result 2024
€30,294
Gross operating margin
-€55,515
Staff costs
+€37,369
Depreciation
+€5,072
Other operating charges
+€1,638
Other operating items
+€1,100
Financial income
-€538
Financial charges
-€9,918
Taxes
+€14,352
Result 2025
€23,853
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€183,921
Investment
-€514,581
Financing
+€400,267
Cash 2024
€23,972
From operations (derived)
+€183,921
Net result for the year
+€23,853
Depreciation
+€14,379
Stocks and contracts
+€3,810
Smaller working-capital items
-€1,032
Deferred charges and accrued income
-€7,087
Trade debts
+€75,481
Tax, wage and social debts
-€14,121
Other debts
+€88,638
Investment (derived)
-€514,581
Investment in fixed assets (net)
-€514,581
Financing
+€400,267
Debts after one year
+€400,267
Cash 2025
€93,579
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €193,285 | €767,003 | +€573,718 | +297% |
| Fixed assets | 21/28 | €27,964 | €528,166 | +€500,202 | +1,789% |
| Intangible fixed assets | 21 | €9,899 | €6,811 | -€3,088 | -31.2% |
| Tangible fixed assets | 22/27 | €13,459 | €516,994 | +€503,535 | +3,741% |
| Land and buildings | 22 | - | €509,384 | +€509,384 | |
| Plant, machinery and equipment | 23 | €5,989 | €2,421 | -€3,568 | -59.6% |
| Furniture and vehicles | 24 | €7,470 | €5,190 | -€2,280 | -30.5% |
| Financial fixed assets | 28 | €4,606 | €4,360 | -€246 | -5.3% |
| Current assets | 29/58 | €165,321 | €238,837 | +€73,516 | +44.5% |
| Stocks and contracts in progress | 3 | €37,971 | €34,161 | -€3,810 | -10.0% |
| Stocks | 30/36 | €37,971 | €34,161 | -€3,810 | -10.0% |
| Amounts receivable within one year | 40/41 | €100,254 | €100,887 | +€632 | +0.6% |
| Trade receivables | 40 | €100,254 | €88,993 | -€11,262 | -11.2% |
| Other amounts receivable | 41 | - | €11,894 | +€11,894 | |
| Cash at bank and in hand | 54/58 | €23,972 | €93,579 | +€69,607 | +290% |
| Deferred charges and accrued income | 490/1 | €3,124 | €10,210 | +€7,087 | +227% |
| Total equity and liabilities | 10/49 | €193,285 | €767,003 | +€573,718 | +297% |
| Equity | 10/15 | €79,435 | €103,288 | +€23,853 | +30.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €29,435 | €53,288 | +€23,853 | +81.0% |
| Distributable reserves | 133 | €29,435 | €53,288 | +€23,853 | +81.0% |
| Amounts payable | 17/49 | €113,850 | €663,715 | +€549,865 | +483% |
| Amounts payable after more than one year | 17 | - | €400,267 | +€400,267 | |
| Financial debts | 170/4 | - | €400,267 | +€400,267 | |
| Amounts payable within one year | 42/48 | €113,450 | €263,448 | +€149,998 | +132% |
| Trade debts | 44 | €37,701 | €113,183 | +€75,481 | +200% |
| Suppliers | 440/4 | €37,701 | €113,183 | +€75,481 | +200% |
| Taxes, remuneration and social security | 45 | €33,715 | €19,593 | -€14,121 | -41.9% |
| Taxes | 450/3 | €17,271 | €3,074 | -€14,197 | -82.2% |
| Remuneration and social security | 454/9 | €16,444 | €16,519 | +€75 | +0.5% |
| Other amounts payable | 47/48 | €42,034 | €130,672 | +€88,638 | +211% |
| Accrued charges and deferred income | 492/3 | €400 | €0 | -€400 | -100% |
| Non-recurring operating income | 76A | €7,849 | - | -€7,849 | |
| Remuneration, social security and pensions | 62 | €148,258 | €110,890 | -€37,369 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,451 | €14,379 | -€5,072 | -26.1% |
| Other operating charges | 640/8 | €4,361 | €2,723 | -€1,638 | -37.6% |
| Non-recurring operating charges | 66A | €1,100 | - | -€1,100 | |
| Gross operating margin | 9900 | €217,881 | €162,366 | -€55,515 | -25.5% |
| Operating profit (loss) | 9901 | €44,711 | €34,375 | -€10,337 | -23.1% |
| Financial income | 75/76B | €538 | - | -€538 | |
| Recurring financial income | 75 | €538 | €0 | -€538 | -100% |
| Financial charges | 65/66B | €207 | €10,125 | +€9,918 | +4,799% |
| Recurring financial charges | 65 | €207 | €10,125 | +€9,918 | +4,799% |
| Profit (loss) for the period before taxes | 9903 | €45,043 | €24,250 | -€20,793 | -46.2% |
| Income taxes | 67/77 | €14,749 | €397 | -€14,352 | -97.3% |
| Profit (loss) for the period | 9904 | €30,294 | €23,853 | -€6,441 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,294 | €23,853 | -€6,441 | -21.3% |
Next steps
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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 1 November 2026 via checked.be.