ACRELEC GROUP: 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.
ACRELEC GROUP
Largest movements
- Receivables within one year +€173,872
up €173,872 (+55.6%), from €312,541 to €486,413
of which Trade receivables: +€232,664
- Cash +€133,517
up €133,517 (+24.3%), from €549,706 to €683,224
mainly Trade debts (+€155,372) and Net result for the year (+€132,791)
- Stocks and contracts -€93,775
down €93,775 (-9.1%), from €1.0m to €932,027
- Trade debts +€155,372
up €155,372 (+52.4%), from €296,425 to €451,796
- Profit (loss) carried forward +€132,791
up €132,791 (+15.5%), from €854,751 to €987,543
- Advances received -€123,382
down €123,382 (-79.6%), from €154,968 to €31,585
- Tax, wage and social debts +€22,824
up €22,824 (+20.4%), from €112,069 to €134,893
of which Taxes: +€13,574
- Write-downs +€110,463
new in 2025: €110,463
- Gross operating margin -€35,216
down €35,216 (-3.7%), from €951,864 to €916,648
- Taxes -€34,997
down €34,997 (-37.0%), from €94,593 to €59,596
- Depreciation +€11,458
up €11,458 (+42.6%), from €26,922 to €38,380
- Financial charges +€11,363
up €11,363 (+702.5%), from €1,618 to €12,981
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 | €1,980,855 | €2,184,716 | +€203,861 | +10.3% |
| Fixed assets | 21/28 | €82,344 | €71,884 | -€10,460 | -12.7% |
| Intangible fixed assets | 21 | €54,867 | €42,660 | -€12,208 | -22.2% |
| Tangible fixed assets | 22/27 | €21,876 | €23,624 | +€1,748 | +8.0% |
| Plant, machinery and equipment | 23 | €0 | €11,486 | +€11,486 | |
| Furniture and vehicles | 24 | €3,640 | €2,794 | -€846 | -23.2% |
| Leasing and similar rights | 25 | - | €9,344 | +€9,344 | |
| Other tangible fixed assets | 26 | €18,236 | €0 | -€18,236 | -100.0% |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €1,898,511 | €2,112,832 | +€214,321 | +11.3% |
| Stocks and contracts in progress | 3 | €1,025,802 | €932,027 | -€93,775 | -9.1% |
| Stocks | 30/36 | €1,025,802 | €932,027 | -€93,775 | -9.1% |
| Amounts receivable within one year | 40/41 | €312,541 | €486,413 | +€173,872 | +55.6% |
| Trade receivables | 40 | €253,749 | €486,413 | +€232,664 | +91.7% |
| Other amounts receivable | 41 | €58,791 | €0 | -€58,791 | -100.0% |
| Cash at bank and in hand | 54/58 | €549,706 | €683,224 | +€133,517 | +24.3% |
| Deferred charges and accrued income | 490/1 | €10,462 | €11,168 | +€706 | +6.8% |
| Total equity and liabilities | 10/49 | €1,980,855 | €2,184,716 | +€203,861 | +10.3% |
| Equity | 10/15 | €875,211 | €1,008,003 | +€132,791 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €854,751 | €987,543 | +€132,791 | +15.5% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,095,644 | €1,166,714 | +€71,070 | +6.5% |
| Amounts payable within one year | 42/48 | €963,461 | €1,018,274 | +€54,813 | +5.7% |
| Trade debts | 44 | €296,425 | €451,796 | +€155,372 | +52.4% |
| Suppliers | 440/4 | €296,425 | €451,796 | +€155,372 | +52.4% |
| Advances received on contracts in progress | 46 | €154,968 | €31,585 | -€123,382 | -79.6% |
| Taxes, remuneration and social security | 45 | €112,069 | €134,893 | +€22,824 | +20.4% |
| Taxes | 450/3 | €24,898 | €38,472 | +€13,574 | +54.5% |
| Remuneration and social security | 454/9 | €87,171 | €96,421 | +€9,250 | +10.6% |
| Other amounts payable | 47/48 | €400,000 | €400,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €132,183 | €148,439 | +€16,257 | +12.3% |
| Remuneration, social security and pensions | 62 | €557,849 | €556,359 | -€1,490 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,922 | €38,380 | +€11,458 | +42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €110,463 | +€110,463 | |
| Other operating charges | 640/8 | €15,924 | €6,500 | -€9,424 | -59.2% |
| Non-recurring operating charges | 66A | €14,780 | €0 | -€14,780 | -100.0% |
| Gross operating margin | 9900 | €951,864 | €916,648 | -€35,216 | -3.7% |
| Operating profit (loss) | 9901 | €336,389 | €204,946 | -€131,443 | -39.1% |
| Financial income | 75/76B | €80 | €422 | +€343 | +429.0% |
| Recurring financial income | 75 | €80 | €422 | +€343 | +429.0% |
| Financial charges | 65/66B | €1,618 | €12,981 | +€11,363 | +702.5% |
| Recurring financial charges | 65 | €1,618 | €12,981 | +€11,363 | +702.5% |
| Profit (loss) for the period before taxes | 9903 | €334,851 | €192,388 | -€142,464 | -42.5% |
| Income taxes | 67/77 | €94,593 | €59,596 | -€34,997 | -37.0% |
| Profit (loss) for the period | 9904 | €240,258 | €132,791 | -€107,467 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €240,258 | €132,791 | -€107,467 | -44.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.