ACQUIRO: 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.
ACQUIRO
Largest movements
- Cash -€48,174
down €48,174 (-98.2%), from €49,054 to €881
mainly Contributions, distributions and other (-€51,122) and Investment in fixed assets (net) (-€36,529)
- Tangible fixed assets +€12,103
up €12,103 (+7.4%), from €163,468 to €175,571
of which Other tangible fixed assets: +€12,213
- Receivables within one year -€7,826
down €7,826 (-20.7%), from €37,806 to €29,980
of which Other amounts receivable: -€6,132
- Trade debts -€20,416
down €20,416 (-76.1%), from €26,830 to €6,414
- Debts after one year -€19,665
down €19,665 (-15.9%), from €123,403 to €103,738
- Other debts -€13,250
down €13,250 (-20.6%), from €64,407 to €51,157
- Current portion of long-term debt +€12,595
up €12,595 (+57.3%), from €21,988 to €34,583
- Depreciation +€11,374
up €11,374 (+96.2%), from €11,822 to €23,196
- Gross operating margin -€1,076
down €1,076 (-1.0%), from €105,859 to €104,783
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 | €256,311 | €213,292 | -€43,019 | -16.8% |
| Fixed assets | 21/28 | €163,468 | €176,801 | +€13,333 | +8.2% |
| Tangible fixed assets | 22/27 | €163,468 | €175,571 | +€12,103 | +7.4% |
| Plant, machinery and equipment | 23 | €4,004 | €3,445 | -€559 | -14.0% |
| Furniture and vehicles | 24 | €30,163 | €30,613 | +€450 | +1.5% |
| Other tangible fixed assets | 26 | €129,301 | €141,514 | +€12,213 | +9.4% |
| Financial fixed assets | 28 | - | €1,230 | +€1,230 | |
| Current assets | 29/58 | €92,843 | €36,490 | -€56,352 | -60.7% |
| Amounts receivable within one year | 40/41 | €37,806 | €29,980 | -€7,826 | -20.7% |
| Trade receivables | 40 | €31,300 | €29,606 | -€1,694 | -5.4% |
| Other amounts receivable | 41 | €6,506 | €374 | -€6,132 | -94.3% |
| Cash at bank and in hand | 54/58 | €49,054 | €881 | -€48,174 | -98.2% |
| Deferred charges and accrued income | 490/1 | €5,982 | €5,630 | -€353 | -5.9% |
| Total equity and liabilities | 10/49 | €256,311 | €213,292 | -€43,019 | -16.8% |
| Equity | 10/15 | €1,650 | €1,650 | = | 0.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €254,661 | €211,642 | -€43,019 | -16.9% |
| Amounts payable after more than one year | 17 | €123,403 | €103,738 | -€19,665 | -15.9% |
| Financial debts | 170/4 | €123,403 | €103,738 | -€19,665 | -15.9% |
| Amounts payable within one year | 42/48 | €131,258 | €107,904 | -€23,354 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €21,988 | €34,583 | +€12,595 | +57.3% |
| Financial debts | 43 | €2,684 | €1,944 | -€739 | -27.5% |
| Credit institutions | 430/8 | €2,684 | €1,944 | -€739 | -27.5% |
| Trade debts | 44 | €26,830 | €6,414 | -€20,416 | -76.1% |
| Suppliers | 440/4 | €26,830 | €6,414 | -€20,416 | -76.1% |
| Taxes, remuneration and social security | 45 | €15,349 | €13,806 | -€1,543 | -10.1% |
| Taxes | 450/3 | €15,349 | €13,806 | -€1,543 | -10.1% |
| Other amounts payable | 47/48 | €64,407 | €51,157 | -€13,250 | -20.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,822 | €23,196 | +€11,374 | +96.2% |
| Other operating charges | 640/8 | €1,487 | €1,344 | -€142 | -9.6% |
| Gross operating margin | 9900 | €105,859 | €104,783 | -€1,076 | -1.0% |
| Operating profit (loss) | 9901 | €92,550 | €80,242 | -€12,308 | -13.3% |
| Financial income | 75/76B | €581 | €163 | -€418 | -72.0% |
| Recurring financial income | 75 | €581 | €163 | -€418 | -72.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €9,131 | €9,351 | +€220 | +2.4% |
| Recurring financial charges | 65 | €9,131 | €9,351 | +€220 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €84,000 | €71,054 | -€12,946 | -15.4% |
| Income taxes | 67/77 | €19,706 | €19,932 | +€226 | +1.1% |
| Profit (loss) for the period | 9904 | €64,293 | €51,122 | -€13,172 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,293 | €51,122 | -€13,172 | -20.5% |
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 15 October 2026 via checked.be.