ACPAC: what changed
Two fiscal 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.
ACPAC
Largest movements
- Tangible fixed assets -€4,500
no longer reported in 2024 (was €4,500)
- Receivables within one year -€2,477
down €2,477 (-12.2%), from €20,381 to €17,904
of which Other amounts receivable: -€8,161
- Deferred charges and accrued income -€1,691
no longer reported in 2024 (was €1,691)
- Cash +€1,548
up €1,548 (+3.6%), from €43,304 to €44,852
mainly Accrued charges and deferred income (+€34,768) and Depreciation (+€29,500)
- Stocks and contracts +€1,383
new in 2024: €1,383
- Trade debts -€45,287
down €45,287 (-70.7%), from €64,052 to €18,765
- Accrued charges and deferred income +€34,768
new in 2024: €34,768
- Tax, wage and social debts +€2,881
new in 2024: €2,881
- Profit (loss) carried forward +€1,901
up €1,901 (+32.6%), from €5,824 to €7,725
- Turnover +€14,222
up €14,222 (+9.8%), from €145,846 to €160,068
- Gross operating margin +€13,760
up €13,760 (+55.7%), from €24,699 to €38,459
- Depreciation +€13,500
up €13,500 (+84.4%), from €16,000 to €29,500
- Financial charges -€1,644
down €1,644 (-86.3%), from €1,904 to €260
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,876 | €64,139 | -€5,737 | -8.2% |
| Fixed assets | 21/28 | €4,500 | - | -€4,500 | |
| Tangible fixed assets | 22/27 | €4,500 | - | -€4,500 | |
| Assets under construction and advance payments | 27 | €4,500 | - | -€4,500 | |
| Current assets | 29/58 | €65,376 | €64,139 | -€1,237 | -1.9% |
| Stocks and contracts in progress | 3 | - | €1,383 | +€1,383 | |
| Stocks | 30/36 | - | €1,383 | +€1,383 | |
| Amounts receivable within one year | 40/41 | €20,381 | €17,904 | -€2,477 | -12.2% |
| Trade receivables | 40 | €10,569 | €16,253 | +€5,684 | +53.8% |
| Other amounts receivable | 41 | €9,812 | €1,651 | -€8,161 | -83.2% |
| Cash at bank and in hand | 54/58 | €43,304 | €44,852 | +€1,548 | +3.6% |
| Deferred charges and accrued income | 490/1 | €1,691 | - | -€1,691 | |
| Total equity and liabilities | 10/49 | €69,876 | €64,139 | -€5,737 | -8.2% |
| Equity | 10/15 | €5,824 | €7,725 | +€1,901 | +32.6% |
| Profit (loss) carried forward | 14 | €5,824 | €7,725 | +€1,901 | +32.6% |
| Amounts payable | 17/49 | €64,052 | €56,414 | -€7,638 | -11.9% |
| Amounts payable within one year | 42/48 | €64,052 | €21,647 | -€42,405 | -66.2% |
| Trade debts | 44 | €64,052 | €18,765 | -€45,287 | -70.7% |
| Suppliers | 440/4 | €64,052 | €18,765 | -€45,287 | -70.7% |
| Taxes, remuneration and social security | 45 | - | €2,881 | +€2,881 | |
| Taxes | 450/3 | - | €2,881 | +€2,881 | |
| Accrued charges and deferred income | 492/3 | - | €34,768 | +€34,768 | |
| Turnover | 70 | €145,846 | €160,068 | +€14,222 | +9.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,147 | €121,609 | +€462 | +0.4% |
| Remuneration, social security and pensions | 62 | €789 | €294 | -€495 | -62.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,000 | €29,500 | +€13,500 | +84.4% |
| Other operating charges | 640/8 | €182 | €680 | +€498 | +273.7% |
| Gross operating margin | 9900 | €24,699 | €38,459 | +€13,760 | +55.7% |
| Operating profit (loss) | 9901 | €7,728 | €7,985 | +€257 | +3.3% |
| Financial charges | 65/66B | €1,904 | €260 | -€1,644 | -86.3% |
| Recurring financial charges | 65 | €1,904 | €260 | -€1,644 | -86.3% |
| Profit (loss) for the period before taxes | 9903 | €5,824 | €7,725 | +€1,901 | +32.6% |
| Profit (loss) for the period | 9904 | €5,824 | €7,725 | +€1,901 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,824 | €7,725 | +€1,901 | +32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.