ACRE!: 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.
ACRE!
Largest movements
- Financial fixed assets +€135,400
up €135,400 (+32.2%), from €420,058 to €555,458
- Cash +€92,458
up €92,458 (+32.3%), from €286,603 to €379,061
mainly Stocks and contracts (+€88,905) and Net result for the year (+€75,324)
- Stocks and contracts -€88,905
down €88,905 (-37.8%), from €234,946 to €146,040
- Receivables within one year -€20,000
down €20,000 (-25.5%), from €78,390 to €58,390
- Reserves +€75,324
up €75,324 (+13.7%), from €548,774 to €624,098
- Trade debts +€49,975
up €49,975 (+18.4%), from €271,158 to €321,133
- Gross operating margin -€164,720
down €164,720 (-56.7%), from €290,501 to €125,780
- Taxes -€76,124
down €76,124 (-66.2%), from €114,992 to €38,869
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 | €1,019,996 | €1,138,949 | +€118,953 | +11.7% |
| Fixed assets | 21/28 | €420,058 | €555,458 | +€135,400 | +32.2% |
| Financial fixed assets | 28 | €420,058 | €555,458 | +€135,400 | +32.2% |
| Current assets | 29/58 | €599,938 | €583,491 | -€16,447 | -2.7% |
| Stocks and contracts in progress | 3 | €234,946 | €146,040 | -€88,905 | -37.8% |
| Stocks | 30/36 | €234,946 | €146,040 | -€88,905 | -37.8% |
| Amounts receivable within one year | 40/41 | €78,390 | €58,390 | -€20,000 | -25.5% |
| Other amounts receivable | 41 | €78,390 | €58,390 | -€20,000 | -25.5% |
| Cash at bank and in hand | 54/58 | €286,603 | €379,061 | +€92,458 | +32.3% |
| Total equity and liabilities | 10/49 | €1,019,996 | €1,138,949 | +€118,953 | +11.7% |
| Equity | 10/15 | €593,774 | €669,098 | +€75,324 | +12.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €548,774 | €624,098 | +€75,324 | +13.7% |
| Distributable reserves | 133 | €548,774 | €624,098 | +€75,324 | +13.7% |
| Amounts payable | 17/49 | €426,222 | €469,851 | +€43,629 | +10.2% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €319,698 | €364,865 | +€45,167 | +14.1% |
| Trade debts | 44 | €271,158 | €321,133 | +€49,975 | +18.4% |
| Suppliers | 440/4 | €271,158 | €321,133 | +€49,975 | +18.4% |
| Taxes, remuneration and social security | 45 | €47,070 | €38,869 | -€8,201 | -17.4% |
| Taxes | 450/3 | €47,070 | €38,869 | -€8,201 | -17.4% |
| Other amounts payable | 47/48 | €1,471 | €4,864 | +€3,393 | +230.7% |
| Accrued charges and deferred income | 492/3 | €6,524 | €4,986 | -€1,538 | -23.6% |
| Other operating charges | 640/8 | €1,227 | €1,045 | -€181 | -14.8% |
| Non-recurring operating charges | 66A | €2,480 | €3,227 | +€747 | +30.1% |
| Gross operating margin | 9900 | €290,501 | €125,780 | -€164,720 | -56.7% |
| Operating profit (loss) | 9901 | €286,794 | €121,508 | -€165,286 | -57.6% |
| Financial charges | 65/66B | €5,222 | €7,315 | +€2,094 | +40.1% |
| Recurring financial charges | 65 | €5,222 | €7,315 | +€2,094 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €281,572 | €114,192 | -€167,380 | -59.4% |
| Income taxes | 67/77 | €114,992 | €38,869 | -€76,124 | -66.2% |
| Profit (loss) for the period | 9904 | €166,580 | €75,324 | -€91,256 | -54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €166,580 | €75,324 | -€91,256 | -54.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.