ACPAVA: 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.
ACPAVA
Largest movements
- Cash -€10,529
down €10,529 (-16.0%), from €65,642 to €55,112
mainly Investment in fixed assets (net) (-€22,392) and Debts after one year (-€19,302)
- Deferred charges and accrued income +€7,539
up €7,539 (+885%), from €852 to €8,391
- Debts after one year -€19,302
down €19,302 (-10.1%), from €191,459 to €172,156
of which Financial debts: -€15,802
- Profit (loss) carried forward +€14,493
up €14,493 (+16.8%), from -€86,318 to -€71,825
- Trade debts +€3,704
up €3,704 (+69.9%), from €5,299 to €9,003
- Gross operating margin +€4,455
up €4,455 (+11.2%), from €39,834 to €44,289
- Depreciation +€854
up €854 (+4.1%), from €20,857 to €21,711
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.
Derived cash bridge
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 | €202,271 | €199,964 | -€2,307 | -1.1% |
| Fixed assets | 21/28 | €131,200 | €131,881 | +€681 | +0.5% |
| Tangible fixed assets | 22/27 | €131,200 | €131,881 | +€681 | +0.5% |
| Land and buildings | 22 | €128,115 | €112,945 | -€15,170 | -11.8% |
| Plant, machinery and equipment | 23 | €592 | - | -€592 | |
| Furniture and vehicles | 24 | - | €3,840 | +€3,840 | |
| Other tangible fixed assets | 26 | €2,493 | €15,096 | +€12,603 | +506% |
| Current assets | 29/58 | €71,071 | €68,083 | -€2,988 | -4.2% |
| Amounts receivable within one year | 40/41 | €4,578 | €4,580 | +€2 | 0.0% |
| Trade receivables | 40 | €4,036 | €4,038 | +€2 | 0.0% |
| Other amounts receivable | 41 | €542 | €542 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,642 | €55,112 | -€10,529 | -16.0% |
| Deferred charges and accrued income | 490/1 | €852 | €8,391 | +€7,539 | +885% |
| Total equity and liabilities | 10/49 | €202,271 | €199,964 | -€2,307 | -1.1% |
| Equity | 10/15 | -€19,845 | -€5,352 | +€14,493 | +73.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,473 | €4,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,041 | €4,041 | = | 0.0% |
| Legal reserve | 130 | €4,041 | €4,041 | = | 0.0% |
| Tax-exempt reserves | 132 | €432 | €432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,318 | -€71,825 | +€14,493 | +16.8% |
| Amounts payable | 17/49 | €222,116 | €205,316 | -€16,800 | -7.6% |
| Amounts payable after more than one year | 17 | €191,459 | €172,156 | -€19,302 | -10.1% |
| Financial debts | 170/4 | €26,459 | €10,656 | -€15,802 | -59.7% |
| Other amounts payable | 178/9 | €165,000 | €161,500 | -€3,500 | -2.1% |
| Amounts payable within one year | 42/48 | €29,357 | €33,159 | +€3,802 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €15,586 | €15,802 | +€216 | +1.4% |
| Trade debts | 44 | €5,299 | €9,003 | +€3,704 | +69.9% |
| Suppliers | 440/4 | €5,299 | €9,003 | +€3,704 | +69.9% |
| Taxes, remuneration and social security | 45 | €1,522 | €1,525 | +€3 | +0.2% |
| Taxes | 450/3 | €1,522 | €1,525 | +€3 | +0.2% |
| Other amounts payable | 47/48 | €6,950 | €6,829 | -€121 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,300 | - | -€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,857 | €21,711 | +€854 | +4.1% |
| Other operating charges | 640/8 | €6,912 | €7,199 | +€287 | +4.2% |
| Non-recurring operating charges | 66A | €58 | €121 | +€63 | +109% |
| Gross operating margin | 9900 | €39,834 | €44,289 | +€4,455 | +11.2% |
| Operating profit (loss) | 9901 | €12,007 | €15,258 | +€3,251 | +27.1% |
| Financial income | 75/76B | €95 | €60 | -€35 | -37.0% |
| Recurring financial income | 75 | €95 | €60 | -€35 | -37.0% |
| Financial charges | 65/66B | €944 | €824 | -€119 | -12.6% |
| Recurring financial charges | 65 | €944 | €824 | -€119 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €11,158 | €14,493 | +€3,335 | +29.9% |
| Profit (loss) for the period | 9904 | €11,158 | €14,493 | +€3,335 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,158 | €14,493 | +€3,335 | +29.9% |
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 17 October 2026 via checked.be.