ACRCO: 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.
ACRCO
Largest movements
- Cash +€35,877
up €35,877 (+69.8%), from €51,367 to €87,244
mainly Net result for the year (+€50,695) and Other debts (+€38,339)
- Tangible fixed assets -€26,116
down €26,116 (-5.4%), from €483,332 to €457,216
- Other debts +€38,339
up €38,339 (+38.3%), from €100,115 to €138,454
- Debts after one year -€35,276
down €35,276 (-11.0%), from €321,743 to €286,467
- Gross operating margin +€2,224
up €2,224 (+3.1%), from €71,668 to €73,892
- Taxes +€1,640
up €1,640 (+13.9%), from €11,813 to €13,453
- Financial income +€1,566
up €1,566 (+6.2%), from €25,099 to €26,665
- Financial charges -€929
down €929 (-10.5%), from €8,862 to €7,933
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 | €554,367 | €561,411 | +€7,044 | +1.3% |
| Fixed assets | 21/28 | €483,575 | €457,216 | -€26,359 | -5.5% |
| Tangible fixed assets | 22/27 | €483,332 | €457,216 | -€26,116 | -5.4% |
| Land and buildings | 22 | €444,883 | €433,086 | -€11,797 | -2.7% |
| Plant, machinery and equipment | 23 | €2,781 | €1,051 | -€1,730 | -62.2% |
| Furniture and vehicles | 24 | €35,668 | €23,079 | -€12,589 | -35.3% |
| Financial fixed assets | 28 | €243 | - | -€243 | |
| Current assets | 29/58 | €70,792 | €104,195 | +€33,403 | +47.2% |
| Amounts receivable within one year | 40/41 | €17,261 | €14,954 | -€2,307 | -13.4% |
| Trade receivables | 40 | €14,541 | €14,934 | +€393 | +2.7% |
| Other amounts receivable | 41 | €2,720 | €20 | -€2,700 | -99.3% |
| Cash at bank and in hand | 54/58 | €51,367 | €87,244 | +€35,877 | +69.8% |
| Deferred charges and accrued income | 490/1 | €2,164 | €1,997 | -€167 | -7.7% |
| Total equity and liabilities | 10/49 | €554,367 | €561,411 | +€7,044 | +1.3% |
| Equity | 10/15 | €82,707 | €83,402 | +€695 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,247 | €62,942 | +€695 | +1.1% |
| Amounts payable | 17/49 | €471,660 | €478,009 | +€6,349 | +1.3% |
| Amounts payable after more than one year | 17 | €321,743 | €286,467 | -€35,276 | -11.0% |
| Financial debts | 170/4 | €321,743 | €286,467 | -€35,276 | -11.0% |
| Amounts payable within one year | 42/48 | €149,917 | €191,542 | +€41,625 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €34,058 | €34,734 | +€676 | +2.0% |
| Trade debts | 44 | €1,362 | €846 | -€516 | -37.9% |
| Suppliers | 440/4 | €1,362 | €846 | -€516 | -37.9% |
| Taxes, remuneration and social security | 45 | €14,382 | €17,508 | +€3,126 | +21.7% |
| Taxes | 450/3 | €14,382 | €17,508 | +€3,126 | +21.7% |
| Other amounts payable | 47/48 | €100,115 | €138,454 | +€38,339 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,591 | €26,116 | -€475 | -1.8% |
| Other operating charges | 640/8 | €2,875 | €2,360 | -€515 | -17.9% |
| Gross operating margin | 9900 | €71,668 | €73,892 | +€2,224 | +3.1% |
| Operating profit (loss) | 9901 | €42,202 | €45,416 | +€3,214 | +7.6% |
| Financial income | 75/76B | €25,099 | €26,665 | +€1,566 | +6.2% |
| Recurring financial income | 75 | €25,099 | €26,665 | +€1,566 | +6.2% |
| Financial charges | 65/66B | €8,862 | €7,933 | -€929 | -10.5% |
| Recurring financial charges | 65 | €8,862 | €7,933 | -€929 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €58,439 | €64,148 | +€5,709 | +9.8% |
| Income taxes | 67/77 | €11,813 | €13,453 | +€1,640 | +13.9% |
| Profit (loss) for the period | 9904 | €46,626 | €50,695 | +€4,069 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,626 | €50,695 | +€4,069 | +8.7% |
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 10 October 2026 via checked.be.