ACP Logic: 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 Logic
Largest movements
- Cash -€34,038
down €34,038 (-41.3%), from €82,354 to €48,316
mainly Investment in fixed assets (net) (-€28,955) and Debts after one year (-€11,289)
- Tangible fixed assets +€12,184
up €12,184 (+5.9%), from €208,027 to €220,211
of which Furniture and vehicles: +€11,506
- Debts after one year -€11,289
down €11,289 (-7.5%), from €151,080 to €139,791
- Tax, wage and social debts -€5,346
down €5,346 (-78.5%), from €6,811 to €1,465
- Trade debts -€4,136
down €4,136 (-97.3%), from €4,249 to €113
- Gross operating margin -€28,134
down €28,134 (-54.4%), from €51,683 to €23,549
- Depreciation +€3,120
up €3,120 (+22.9%), from €13,651 to €16,771
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 | €322,097 | €305,193 | -€16,904 | -5.2% |
| Fixed assets | 21/28 | €208,027 | €220,211 | +€12,184 | +5.9% |
| Tangible fixed assets | 22/27 | €208,027 | €220,211 | +€12,184 | +5.9% |
| Furniture and vehicles | 24 | €27,310 | €38,816 | +€11,506 | +42.1% |
| Other tangible fixed assets | 26 | €180,717 | €181,395 | +€678 | +0.4% |
| Current assets | 29/58 | €114,070 | €84,982 | -€29,088 | -25.5% |
| Amounts receivable within one year | 40/41 | €30,976 | €34,135 | +€3,159 | +10.2% |
| Trade receivables | 40 | €30,976 | €34,135 | +€3,159 | +10.2% |
| Cash at bank and in hand | 54/58 | €82,354 | €48,316 | -€34,038 | -41.3% |
| Deferred charges and accrued income | 490/1 | €740 | €2,531 | +€1,791 | +242.0% |
| Total equity and liabilities | 10/49 | €322,097 | €305,193 | -€16,904 | -5.2% |
| Equity | 10/15 | €144,124 | €145,730 | +€1,606 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,524 | €127,130 | +€1,606 | +1.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,175 | €14,175 | = | 0.0% |
| Distributable reserves | 133 | €109,489 | €111,095 | +€1,606 | +1.5% |
| Amounts payable | 17/49 | €177,973 | €159,463 | -€18,510 | -10.4% |
| Amounts payable after more than one year | 17 | €151,080 | €139,791 | -€11,289 | -7.5% |
| Financial debts | 170/4 | €151,080 | €139,791 | -€11,289 | -7.5% |
| Amounts payable within one year | 42/48 | €26,893 | €19,672 | -€7,221 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €11,058 | €11,290 | +€232 | +2.1% |
| Trade debts | 44 | €4,249 | €113 | -€4,136 | -97.3% |
| Suppliers | 440/4 | €4,249 | €113 | -€4,136 | -97.3% |
| Taxes, remuneration and social security | 45 | €6,811 | €1,465 | -€5,346 | -78.5% |
| Taxes | 450/3 | €6,811 | €1,465 | -€5,346 | -78.5% |
| Other amounts payable | 47/48 | €4,775 | €6,804 | +€2,029 | +42.5% |
| Non-recurring operating income | 76A | €53,548 | - | -€53,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,651 | €16,771 | +€3,120 | +22.9% |
| Other operating charges | 640/8 | €1,186 | €1,339 | +€153 | +12.9% |
| Gross operating margin | 9900 | €51,683 | €23,549 | -€28,134 | -54.4% |
| Operating profit (loss) | 9901 | €36,846 | €5,439 | -€31,407 | -85.2% |
| Financial charges | 65/66B | €3,723 | €3,491 | -€232 | -6.2% |
| Recurring financial charges | 65 | €3,723 | €3,491 | -€232 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €33,123 | €1,948 | -€31,175 | -94.1% |
| Income taxes | 67/77 | €349 | €343 | -€6 | -1.7% |
| Profit (loss) for the period | 9904 | €32,774 | €1,605 | -€31,169 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,774 | €1,605 | -€31,169 | -95.1% |
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.