ACRO: 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.
ACRO
Largest movements
- Cash +€46,853
up €46,853 (+15.3%), from €306,780 to €353,633
mainly Net result for the year (+€47,561) and Depreciation (+€33,747)
- Tangible fixed assets -€21,643
down €21,643 (-15.4%), from €140,131 to €118,489
of which Land and buildings: -€13,544
- Receivables within one year +€7,693
up €7,693 (+141%), from €5,444 to €13,137
of which Other amounts receivable: +€8,054
- Reserves +€47,500
up €47,500 (+29.9%), from €158,990 to €206,490
of which Distributable reserves: +€47,500
- Tax, wage and social debts -€17,220
down €17,220 (-25.2%), from €68,408 to €51,188
of which Taxes: -€18,764
- Gross operating margin -€45,529
down €45,529 (-18.1%), from €251,908 to €206,379
- Taxes -€17,789
down €17,789 (-44.8%), from €39,744 to €21,955
- Staff costs +€7,423
up €7,423 (+8.3%), from €88,975 to €96,398
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 | €476,357 | €509,854 | +€33,497 | +7.0% |
| Fixed assets | 21/28 | €158,190 | €136,547 | -€21,643 | -13.7% |
| Tangible fixed assets | 22/27 | €140,131 | €118,489 | -€21,643 | -15.4% |
| Land and buildings | 22 | €69,671 | €56,127 | -€13,544 | -19.4% |
| Plant, machinery and equipment | 23 | €59,025 | €51,872 | -€7,153 | -12.1% |
| Furniture and vehicles | 24 | €11,435 | €10,490 | -€946 | -8.3% |
| Financial fixed assets | 28 | €18,058 | €18,058 | = | 0.0% |
| Current assets | 29/58 | €318,168 | €373,307 | +€55,139 | +17.3% |
| Amounts receivable within one year | 40/41 | €5,444 | €13,137 | +€7,693 | +141% |
| Trade receivables | 40 | €361 | - | -€361 | |
| Other amounts receivable | 41 | €5,083 | €13,137 | +€8,054 | +158% |
| Cash at bank and in hand | 54/58 | €306,780 | €353,633 | +€46,853 | +15.3% |
| Deferred charges and accrued income | 490/1 | €5,944 | €6,538 | +€593 | +10.0% |
| Total equity and liabilities | 10/49 | €476,357 | €509,854 | +€33,497 | +7.0% |
| Equity | 10/15 | €258,806 | €306,367 | +€47,561 | +18.4% |
| Contributions | 10/11 | €99,200 | €99,200 | = | 0.0% |
| Capital | 10 | €99,200 | €99,200 | = | 0.0% |
| Issued capital | 100 | €99,200 | €99,200 | = | 0.0% |
| Reserves | 13 | €158,990 | €206,490 | +€47,500 | +29.9% |
| Non-distributable reserves | 130/1 | €9,920 | €9,920 | = | 0.0% |
| Legal reserve | 130 | €9,920 | €9,920 | = | 0.0% |
| Distributable reserves | 133 | €149,070 | €196,570 | +€47,500 | +31.9% |
| Profit (loss) carried forward | 14 | €616 | €677 | +€61 | +9.9% |
| Amounts payable | 17/49 | €217,552 | €203,487 | -€14,064 | -6.5% |
| Amounts payable after more than one year | 17 | €134,820 | €134,820 | = | 0.0% |
| Other amounts payable | 178/9 | €134,820 | €134,820 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,641 | €67,234 | -€14,407 | -17.6% |
| Trade debts | 44 | €8,310 | €7,078 | -€1,232 | -14.8% |
| Suppliers | 440/4 | €8,310 | €7,078 | -€1,232 | -14.8% |
| Taxes, remuneration and social security | 45 | €68,408 | €51,188 | -€17,220 | -25.2% |
| Taxes | 450/3 | €45,022 | €26,257 | -€18,764 | -41.7% |
| Remuneration and social security | 454/9 | €23,386 | €24,931 | +€1,545 | +6.6% |
| Other amounts payable | 47/48 | €4,923 | €8,968 | +€4,045 | +82.2% |
| Accrued charges and deferred income | 492/3 | €1,090 | €1,433 | +€343 | +31.5% |
| Remuneration, social security and pensions | 62 | €88,975 | €96,398 | +€7,423 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,395 | €33,747 | +€1,352 | +4.2% |
| Other operating charges | 640/8 | €2,307 | €2,327 | +€20 | +0.9% |
| Gross operating margin | 9900 | €251,908 | €206,379 | -€45,529 | -18.1% |
| Operating profit (loss) | 9901 | €128,231 | €73,907 | -€54,324 | -42.4% |
| Financial income | 75/76B | €23 | €1,029 | +€1,005 | +4,293% |
| Recurring financial income | 75 | €23 | €1,029 | +€1,005 | +4,293% |
| Financial charges | 65/66B | €5,191 | €5,421 | +€230 | +4.4% |
| Recurring financial charges | 65 | €5,191 | €5,421 | +€230 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €123,064 | €69,515 | -€53,548 | -43.5% |
| Income taxes | 67/77 | €39,744 | €21,955 | -€17,789 | -44.8% |
| Profit (loss) for the period | 9904 | €83,320 | €47,561 | -€35,759 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,320 | €47,561 | -€35,759 | -42.9% |
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 18 October 2026 via checked.be.