ACP CONTRACTS: 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 CONTRACTS
Largest movements
- Cash -€668,504
down €668,504 (-81.7%), from €818,506 to €150,002
mainly Other debts (-€321,928) and Contributions, distributions and other (-€300,000)
- Receivables within one year +€162,619
up €162,619 (+20.8%), from €782,135 to €944,753
of which Trade receivables: +€181,393
- Deferred charges and accrued income +€29,991
up €29,991 (+129.6%), from €23,143 to €53,134
- Stocks and contracts +€28,181
up €28,181 (+28.2%), from €99,935 to €128,116
of which Contracts in progress: +€25,852
- Other debts -€321,928
down €321,928 (-98.6%), from €326,460 to €4,531
- Contributions -€300,000
down €300,000 (-39.9%), from €751,500 to €451,500
- Trade debts +€139,878
up €139,878 (+29.9%), from €467,255 to €607,133
- Reserves +€33,463
up €33,463 (+135.1%), from €24,762 to €58,225
of which Distributable reserves: +€33,463
- Staff costs +€202,641
up €202,641 (+14.9%), from €1.4m to €1.6m
- Gross operating margin -€161,668
down €161,668 (-8.8%), from €1.8m to €1.7m
- Taxes -€96,695
down €96,695 (-82.1%), from €117,830 to €21,135
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 | €1,796,140 | €1,348,978 | -€447,163 | -24.9% |
| Fixed assets | 21/28 | €72,422 | €72,973 | +€551 | +0.8% |
| Intangible fixed assets | 21 | €2,012 | €1,224 | -€788 | -39.2% |
| Tangible fixed assets | 22/27 | €70,185 | €71,523 | +€1,339 | +1.9% |
| Plant, machinery and equipment | 23 | €31,718 | €38,430 | +€6,712 | +21.2% |
| Furniture and vehicles | 24 | €38,467 | €33,093 | -€5,373 | -14.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €1,723,719 | €1,276,005 | -€447,714 | -26.0% |
| Stocks and contracts in progress | 3 | €99,935 | €128,116 | +€28,181 | +28.2% |
| Stocks | 30/36 | €82,003 | €84,332 | +€2,329 | +2.8% |
| Contracts in progress | 37 | €17,932 | €43,784 | +€25,852 | +144.2% |
| Amounts receivable within one year | 40/41 | €782,135 | €944,753 | +€162,619 | +20.8% |
| Trade receivables | 40 | €599,682 | €781,075 | +€181,393 | +30.2% |
| Other amounts receivable | 41 | €182,453 | €163,679 | -€18,775 | -10.3% |
| Cash at bank and in hand | 54/58 | €818,506 | €150,002 | -€668,504 | -81.7% |
| Deferred charges and accrued income | 490/1 | €23,143 | €53,134 | +€29,991 | +129.6% |
| Total equity and liabilities | 10/49 | €1,796,140 | €1,348,978 | -€447,163 | -24.9% |
| Equity | 10/15 | €776,262 | €509,725 | -€266,537 | -34.3% |
| Contributions | 10/11 | €751,500 | €451,500 | -€300,000 | -39.9% |
| Reserves | 13 | €24,762 | €58,225 | +€33,463 | +135.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,262 | €2,262 | = | 0.0% |
| Distributable reserves | 133 | €22,500 | €55,963 | +€33,463 | +148.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,019,878 | €839,253 | -€180,625 | -17.7% |
| Amounts payable within one year | 42/48 | €1,019,878 | €839,253 | -€180,625 | -17.7% |
| Financial debts | 43 | €88,327 | €100,000 | +€11,673 | +13.2% |
| Credit institutions | 430/8 | €88,327 | €100,000 | +€11,673 | +13.2% |
| Trade debts | 44 | €467,255 | €607,133 | +€139,878 | +29.9% |
| Suppliers | 440/4 | €467,255 | €607,133 | +€139,878 | +29.9% |
| Taxes, remuneration and social security | 45 | €137,837 | €127,588 | -€10,249 | -7.4% |
| Taxes | 450/3 | €5,352 | €5,381 | +€29 | +0.5% |
| Remuneration and social security | 454/9 | €132,485 | €122,207 | -€10,278 | -7.8% |
| Other amounts payable | 47/48 | €326,460 | €4,531 | -€321,928 | -98.6% |
| Non-recurring operating income | 76A | - | €13,777 | +€13,777 | |
| Remuneration, social security and pensions | 62 | €1,363,502 | €1,566,143 | +€202,641 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,233 | €28,288 | +€7,055 | +33.2% |
| Other operating charges | 640/8 | €3,376 | €2,728 | -€648 | -19.2% |
| Non-recurring operating charges | 66A | - | €5,627 | +€5,627 | |
| Gross operating margin | 9900 | €1,838,930 | €1,677,262 | -€161,668 | -8.8% |
| Operating profit (loss) | 9901 | €450,819 | €74,476 | -€376,343 | -83.5% |
| Financial income | 75/76B | €4,337 | €0 | -€4,337 | -100.0% |
| Recurring financial income | 75 | €4,337 | €0 | -€4,337 | -100.0% |
| Financial charges | 65/66B | €14,891 | €19,878 | +€4,988 | +33.5% |
| Recurring financial charges | 65 | €14,891 | €19,878 | +€4,988 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | €440,266 | €54,597 | -€385,668 | -87.6% |
| Income taxes | 67/77 | €117,830 | €21,135 | -€96,695 | -82.1% |
| Profit (loss) for the period | 9904 | €322,436 | €33,463 | -€288,973 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €322,436 | €33,463 | -€288,973 | -89.6% |
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 12 October 2026 via checked.be.