ACRES: 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.
ACRES
Largest movements
- Cash +€28,702
up €28,702 (+4.8%), from €601,796 to €630,497
mainly Net result for the year (+€55,236) and Depreciation (+€8,150)
- Receivables within one year +€10,080
up €10,080 (+69.4%), from €14,520 to €24,600
of which Other amounts receivable: +€7,630
- Tangible fixed assets -€8,150
down €8,150 (-9.0%), from €90,142 to €81,991
- Reserves +€55,236
up €55,236 (+10.9%), from €505,336 to €560,572
- Other debts -€16,004
down €16,004 (-14.2%), from €112,628 to €96,624
- Gross operating margin -€50,346
down €50,346 (-36.4%), from €138,165 to €87,819
- Taxes -€17,300
down €17,300 (-42.7%), from €40,524 to €23,224
- Financial income -€7,081
down €7,081 (-71.3%), from €9,928 to €2,847
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 | €709,557 | €740,189 | +€30,632 | +4.3% |
| Fixed assets | 21/28 | €93,242 | €85,091 | -€8,150 | -8.7% |
| Tangible fixed assets | 22/27 | €90,142 | €81,991 | -€8,150 | -9.0% |
| Land and buildings | 22 | €90,142 | €81,991 | -€8,150 | -9.0% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €616,316 | €655,098 | +€38,782 | +6.3% |
| Amounts receivable within one year | 40/41 | €14,520 | €24,600 | +€10,080 | +69.4% |
| Trade receivables | 40 | €14,520 | €16,970 | +€2,450 | +16.9% |
| Other amounts receivable | 41 | €0 | €7,630 | +€7,630 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €601,796 | €630,497 | +€28,702 | +4.8% |
| Total equity and liabilities | 10/49 | €709,557 | €740,189 | +€30,632 | +4.3% |
| Equity | 10/15 | €511,536 | €566,772 | +€55,236 | +10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €505,336 | €560,572 | +€55,236 | +10.9% |
| Distributable reserves | 133 | €505,336 | €560,572 | +€55,236 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,021 | €173,417 | -€24,605 | -12.4% |
| Amounts payable after more than one year | 17 | €65,862 | €60,059 | -€5,803 | -8.8% |
| Financial debts | 170/4 | €65,862 | €60,059 | -€5,803 | -8.8% |
| Amounts payable within one year | 42/48 | €132,159 | €113,357 | -€18,802 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €6,827 | €5,803 | -€1,024 | -15.0% |
| Trade debts | 44 | €4,199 | €4,894 | +€695 | +16.5% |
| Suppliers | 440/4 | €4,199 | €4,894 | +€695 | +16.5% |
| Taxes, remuneration and social security | 45 | €8,506 | €6,036 | -€2,469 | -29.0% |
| Taxes | 450/3 | €8,506 | €6,036 | -€2,469 | -29.0% |
| Other amounts payable | 47/48 | €112,628 | €96,624 | -€16,004 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,150 | €8,150 | = | 0.0% |
| Other operating charges | 640/8 | €2,218 | €2,261 | +€43 | +2.0% |
| Gross operating margin | 9900 | €138,165 | €87,819 | -€50,346 | -36.4% |
| Operating profit (loss) | 9901 | €127,797 | €77,407 | -€50,390 | -39.4% |
| Financial income | 75/76B | €9,928 | €2,847 | -€7,081 | -71.3% |
| Recurring financial income | 75 | €9,928 | €2,847 | -€7,081 | -71.3% |
| Financial charges | 65/66B | €2,759 | €1,794 | -€965 | -35.0% |
| Recurring financial charges | 65 | €2,759 | €1,794 | -€965 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €134,966 | €78,460 | -€56,506 | -41.9% |
| Income taxes | 67/77 | €40,524 | €23,224 | -€17,300 | -42.7% |
| Profit (loss) for the period | 9904 | €94,442 | €55,236 | -€39,206 | -41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,442 | €55,236 | -€39,206 | -41.5% |
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 19 October 2026 via checked.be.