ACQUEST: 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.
ACQUEST
Largest movements
- Current investments -€56,000
no longer reported in 2025 (was €56,000)
- Cash +€17,514
up €17,514 (+52.1%), from €33,632 to €51,146
mainly Current investments (+€56,000) and Trade debts (+€8,101)
- Receivables within one year +€16,136
up €16,136 (+439,672%), from €4 to €16,140
of which Trade receivables: +€12,132
- Tangible fixed assets +€9,118
up €9,118 (+12.4%), from €73,600 to €82,719
of which Land and buildings: +€10,980
- Deferred charges and accrued income -€3,481
down €3,481 (-72.7%), from €4,786 to €1,305
- Profit (loss) carried forward -€17,989
down €17,989 (-31.3%), from €57,470 to €39,482
- Trade debts +€8,101
up €8,101 (+36,410%), from €22 to €8,124
- Tax, wage and social debts -€6,484
down €6,484 (-73.0%), from €8,885 to €2,400
of which Taxes: -€7,853
- Gross operating margin -€24,015
down €24,015 (-42.7%), from €56,177 to €32,162
- Staff costs +€20,447
new in 2025: €20,447
- Taxes -€14,070
down €14,070 (-91.7%), from €15,342 to €1,272
- Depreciation +€1,066
up €1,066 (+29.4%), from €3,620 to €4,685
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 | €168,071 | €151,359 | -€16,713 | -9.9% |
| Fixed assets | 21/28 | €73,650 | €82,768 | +€9,118 | +12.4% |
| Tangible fixed assets | 22/27 | €73,600 | €82,719 | +€9,118 | +12.4% |
| Land and buildings | 22 | €61,980 | €72,960 | +€10,980 | +17.7% |
| Plant, machinery and equipment | 23 | €1,936 | €1,009 | -€927 | -47.9% |
| Furniture and vehicles | 24 | €9,685 | €8,749 | -€935 | -9.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €94,421 | €68,591 | -€25,831 | -27.4% |
| Amounts receivable within one year | 40/41 | €4 | €16,140 | +€16,136 | +439,672% |
| Trade receivables | 40 | - | €12,132 | +€12,132 | |
| Other amounts receivable | 41 | €4 | €4,007 | +€4,004 | +109,093% |
| Current investments | 50/53 | €56,000 | - | -€56,000 | |
| Cash at bank and in hand | 54/58 | €33,632 | €51,146 | +€17,514 | +52.1% |
| Deferred charges and accrued income | 490/1 | €4,786 | €1,305 | -€3,481 | -72.7% |
| Total equity and liabilities | 10/49 | €168,071 | €151,359 | -€16,713 | -9.9% |
| Equity | 10/15 | €158,824 | €140,835 | -€17,989 | -11.3% |
| Contributions | 10/11 | €30,950 | €30,950 | = | 0.0% |
| Reserves | 13 | €70,404 | €70,404 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €72 | €72 | = | 0.0% |
| Distributable reserves | 133 | €67,233 | €67,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,470 | €39,482 | -€17,989 | -31.3% |
| Amounts payable | 17/49 | €9,248 | €10,524 | +€1,276 | +13.8% |
| Amounts payable within one year | 42/48 | €9,248 | €10,524 | +€1,276 | +13.8% |
| Financial debts | 43 | €17 | - | -€17 | |
| Credit institutions | 430/8 | €17 | - | -€17 | |
| Trade debts | 44 | €22 | €8,124 | +€8,101 | +36,410% |
| Suppliers | 440/4 | €22 | €8,124 | +€8,101 | +36,410% |
| Taxes, remuneration and social security | 45 | €8,885 | €2,400 | -€6,484 | -73.0% |
| Taxes | 450/3 | €8,885 | €1,032 | -€7,853 | -88.4% |
| Remuneration and social security | 454/9 | - | €1,368 | +€1,368 | |
| Other amounts payable | 47/48 | €324 | €0 | -€324 | -100% |
| Remuneration, social security and pensions | 62 | - | €20,447 | +€20,447 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,620 | €4,685 | +€1,066 | +29.4% |
| Other operating charges | 640/8 | €2,642 | €2,890 | +€247 | +9.4% |
| Gross operating margin | 9900 | €56,177 | €32,162 | -€24,015 | -42.7% |
| Operating profit (loss) | 9901 | €49,915 | €4,139 | -€45,775 | -91.7% |
| Financial income | 75/76B | €1,206 | €1,018 | -€188 | -15.6% |
| Recurring financial income | 75 | €1,206 | €1,018 | -€188 | -15.6% |
| Financial charges | 65/66B | €1,874 | €1,874 | -€0 | 0.0% |
| Recurring financial charges | 65 | €1,874 | €1,874 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €49,246 | €3,283 | -€45,963 | -93.3% |
| Income taxes | 67/77 | €15,342 | €1,272 | -€14,070 | -91.7% |
| Profit (loss) for the period | 9904 | €33,905 | €2,011 | -€31,893 | -94.1% |
| Transfer from tax-exempt reserves | 789 | €21,989 | - | -€21,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,894 | €2,011 | -€53,882 | -96.4% |
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 18 October 2026 via checked.be.