ACREMO: 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.
ACREMO
Largest movements
- Current investments +€200,000
up €200,000 (+105.0%), from €190,540 to €390,540
- Receivables within one year -€143,527
down €143,527 (-49.2%), from €292,015 to €148,488
of which Trade receivables: -€153,936
- Cash -€74,209
down €74,209 (-15.0%), from €493,480 to €419,272
mainly Current investments (-€200,000) and Trade debts (-€114,105)
- Trade debts -€114,105
down €114,105 (-99.2%), from €115,052 to €947
- Reserves +€88,500
up €88,500 (+11.8%), from €752,223 to €840,723
- Gross operating margin -€112,719
down €112,719 (-45.3%), from €248,794 to €136,076
- Taxes -€33,718
down €33,718 (-42.7%), from €79,030 to €45,312
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 | €979,775 | €961,840 | -€17,936 | -1.8% |
| Fixed assets | 21/28 | €3,740 | €3,540 | -€200 | -5.3% |
| Tangible fixed assets | 22/27 | €200 | €0 | -€200 | -100.0% |
| Other tangible fixed assets | 26 | €200 | €0 | -€200 | -100.0% |
| Financial fixed assets | 28 | €3,540 | €3,540 | = | 0.0% |
| Current assets | 29/58 | €976,035 | €958,300 | -€17,736 | -1.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €292,015 | €148,488 | -€143,527 | -49.2% |
| Trade receivables | 40 | €290,455 | €136,519 | -€153,936 | -53.0% |
| Other amounts receivable | 41 | €1,560 | €11,969 | +€10,409 | +667.3% |
| Current investments | 50/53 | €190,540 | €390,540 | +€200,000 | +105.0% |
| Cash at bank and in hand | 54/58 | €493,480 | €419,272 | -€74,209 | -15.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €979,775 | €961,840 | -€17,936 | -1.8% |
| Equity | 10/15 | €810,308 | €898,814 | +€88,505 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €752,223 | €840,723 | +€88,500 | +11.8% |
| Distributable reserves | 133 | €752,223 | €840,723 | +€88,500 | +11.8% |
| Profit (loss) carried forward | 14 | €39,485 | €39,490 | +€5 | 0.0% |
| Amounts payable | 17/49 | €169,467 | €63,026 | -€106,441 | -62.8% |
| Amounts payable within one year | 42/48 | €166,788 | €60,524 | -€106,264 | -63.7% |
| Trade debts | 44 | €115,052 | €947 | -€114,105 | -99.2% |
| Suppliers | 440/4 | €115,052 | €947 | -€114,105 | -99.2% |
| Taxes, remuneration and social security | 45 | €2,951 | €7,377 | +€4,426 | +150.0% |
| Taxes | 450/3 | €2,951 | €7,377 | +€4,426 | +150.0% |
| Other amounts payable | 47/48 | €48,784 | €52,199 | +€3,415 | +7.0% |
| Accrued charges and deferred income | 492/3 | €2,679 | €2,502 | -€177 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €511 | €200 | -€311 | -60.9% |
| Other operating charges | 640/8 | €1,868 | €1,783 | -€85 | -4.5% |
| Gross operating margin | 9900 | €248,794 | €136,076 | -€112,719 | -45.3% |
| Operating profit (loss) | 9901 | €246,415 | €134,093 | -€112,322 | -45.6% |
| Financial income | 75/76B | €4,852 | €4,373 | -€479 | -9.9% |
| Recurring financial income | 75 | €4,852 | €4,373 | -€479 | -9.9% |
| Financial charges | 65/66B | €5,184 | €4,649 | -€535 | -10.3% |
| Recurring financial charges | 65 | €5,184 | €4,649 | -€535 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €246,083 | €133,817 | -€112,266 | -45.6% |
| Income taxes | 67/77 | €79,030 | €45,312 | -€33,718 | -42.7% |
| Profit (loss) for the period | 9904 | €167,053 | €88,505 | -€78,548 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,053 | €88,505 | -€78,548 | -47.0% |
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 3 October 2026 via checked.be.