ACP: 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.
ACP
Largest movements
- Receivables within one year -€68,699
down €68,699 (-39.5%), from €173,937 to €105,237
of which Other amounts receivable: -€52,391
- Cash +€67,408
up €67,408 (+72.9%), from €92,453 to €159,861
mainly Receivables within one year (+€68,699) and Net result for the year (+€49,833)
- Current investments +€18,700
new in 2025: €18,700
- Intangible fixed assets -€9,400
down €9,400 (-41.5%), from €22,667 to €13,267
- Tangible fixed assets +€3,704
up €3,704 (+79.1%), from €4,684 to €8,388
of which Furniture and vehicles: +€4,464
- Reserves +€49,833
up €49,833 (+23.2%), from €214,531 to €264,364
- Trade debts -€36,786
down €36,786 (-92.1%), from €39,924 to €3,138
- Gross operating margin +€10,550
up €10,550 (+15.4%), from €68,631 to €79,181
- Taxes +€1,842
up €1,842 (+11.5%), from €15,995 to €17,837
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €294,070 | €306,157 | +€12,087 | +4.1% |
| Fixed assets | 21/28 | €27,352 | €21,656 | -€5,696 | -20.8% |
| Intangible fixed assets | 21 | €22,667 | €13,267 | -€9,400 | -41.5% |
| Tangible fixed assets | 22/27 | €4,684 | €8,388 | +€3,704 | +79.1% |
| Plant, machinery and equipment | 23 | €2,442 | €1,682 | -€760 | -31.1% |
| Furniture and vehicles | 24 | €2,242 | €6,706 | +€4,464 | +199.1% |
| Current assets | 29/58 | €266,719 | €284,501 | +€17,783 | +6.7% |
| Amounts receivable within one year | 40/41 | €173,937 | €105,237 | -€68,699 | -39.5% |
| Trade receivables | 40 | €49,270 | €32,961 | -€16,308 | -33.1% |
| Other amounts receivable | 41 | €124,667 | €72,276 | -€52,391 | -42.0% |
| Current investments | 50/53 | - | €18,700 | +€18,700 | |
| Cash at bank and in hand | 54/58 | €92,453 | €159,861 | +€67,408 | +72.9% |
| Deferred charges and accrued income | 490/1 | €329 | €703 | +€374 | +113.7% |
| Total equity and liabilities | 10/49 | €294,070 | €306,157 | +€12,087 | +4.1% |
| Equity | 10/15 | €234,531 | €284,364 | +€49,833 | +21.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €214,531 | €264,364 | +€49,833 | +23.2% |
| Distributable reserves | 133 | €214,531 | €264,364 | +€49,833 | +23.2% |
| Amounts payable | 17/49 | €59,539 | €21,793 | -€37,746 | -63.4% |
| Amounts payable within one year | 42/48 | €59,539 | €21,793 | -€37,746 | -63.4% |
| Trade debts | 44 | €39,924 | €3,138 | -€36,786 | -92.1% |
| Suppliers | 440/4 | €39,924 | €3,138 | -€36,786 | -92.1% |
| Taxes, remuneration and social security | 45 | €15,415 | €13,581 | -€1,833 | -11.9% |
| Taxes | 450/3 | €15,415 | €13,581 | -€1,833 | -11.9% |
| Other amounts payable | 47/48 | €4,200 | €5,074 | +€874 | +20.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,795 | €10,931 | +€136 | +1.3% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €68,631 | €79,181 | +€10,550 | +15.4% |
| Operating profit (loss) | 9901 | €57,333 | €67,742 | +€10,409 | +18.2% |
| Financial income | 75/76B | €241 | €0 | -€241 | -99.9% |
| Recurring financial income | 75 | €241 | €0 | -€241 | -99.9% |
| Financial charges | 65/66B | €233 | €72 | -€161 | -69.1% |
| Recurring financial charges | 65 | €233 | €72 | -€161 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €57,341 | €67,670 | +€10,329 | +18.0% |
| Income taxes | 67/77 | €15,995 | €17,837 | +€1,842 | +11.5% |
| Profit (loss) for the period | 9904 | €41,346 | €49,833 | +€8,487 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,346 | €49,833 | +€8,487 | +20.5% |
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 12 October 2026 via checked.be.