ACROPAQ: 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.
ACROPAQ
Largest movements
- Receivables within one year +€90,576
up €90,576 (+9.2%), from €987,157 to €1.1m
of which Other amounts receivable: +€105,331
- Stocks and contracts +€66,961
up €66,961 (+6.9%), from €972,561 to €1.0m
- Cash -€42,412
down €42,412 (-89.9%), from €47,170 to €4,758
mainly Receivables within one year (-€90,576) and Stocks and contracts (-€66,961)
- Tangible fixed assets -€24,892
down €24,892 (-33.1%), from €75,134 to €50,242
of which Furniture and vehicles: -€15,489
- Short-term financial debts +€75,000
up €75,000 (+11.5%), from €650,000 to €725,000
of which Credit institutions: +€75,000
- Trade debts +€23,010
up €23,010 (+5.7%), from €401,691 to €424,701
- Gross operating margin +€81,387
up €81,387 (+22.1%), from €367,636 to €449,023
- Staff costs -€71,186
down €71,186 (-29.9%), from €237,861 to €166,675
- Taxes +€52,466
up €52,466 (+233%), from €22,472 to €74,938
- Depreciation +€35,611
up €35,611 (+685%), from €5,200 to €40,812
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 | €2,106,749 | €2,229,139 | +€122,391 | +5.8% |
| Fixed assets | 21/28 | €99,860 | €107,126 | +€7,266 | +7.3% |
| Intangible fixed assets | 21 | €24,602 | €36,760 | +€12,158 | +49.4% |
| Tangible fixed assets | 22/27 | €75,134 | €50,242 | -€24,892 | -33.1% |
| Plant, machinery and equipment | 23 | €18,473 | €9,070 | -€9,403 | -50.9% |
| Furniture and vehicles | 24 | €56,661 | €41,172 | -€15,489 | -27.3% |
| Financial fixed assets | 28 | €124 | €20,124 | +€20,000 | +16,129% |
| Current assets | 29/58 | €2,006,888 | €2,122,014 | +€115,125 | +5.7% |
| Stocks and contracts in progress | 3 | €972,561 | €1,039,522 | +€66,961 | +6.9% |
| Stocks | 30/36 | €972,561 | €1,039,522 | +€66,961 | +6.9% |
| Amounts receivable within one year | 40/41 | €987,157 | €1,077,734 | +€90,576 | +9.2% |
| Trade receivables | 40 | €810,290 | €795,535 | -€14,754 | -1.8% |
| Other amounts receivable | 41 | €176,868 | €282,198 | +€105,331 | +59.6% |
| Cash at bank and in hand | 54/58 | €47,170 | €4,758 | -€42,412 | -89.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,106,749 | €2,229,139 | +€122,391 | +5.8% |
| Equity | 10/15 | €471,997 | €484,906 | +€12,909 | +2.7% |
| Contributions | 10/11 | €195,000 | €195,000 | = | 0.0% |
| Capital | 10 | €195,000 | €195,000 | = | 0.0% |
| Issued capital | 100 | €195,000 | €195,000 | = | 0.0% |
| Reserves | 13 | €173,952 | €193,452 | +€19,500 | +11.2% |
| Non-distributable reserves | 130/1 | - | €19,500 | +€19,500 | |
| Legal reserve | 130 | - | €19,500 | +€19,500 | |
| Tax-exempt reserves | 132 | €173,952 | €173,952 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,577 | €93,450 | -€4,128 | -4.2% |
| Investment grants | 15 | €5,468 | €3,004 | -€2,463 | -45.1% |
| Amounts payable | 17/49 | €1,634,752 | €1,744,234 | +€109,482 | +6.7% |
| Amounts payable after more than one year | 17 | €423,497 | €417,267 | -€6,230 | -1.5% |
| Financial debts | 170/4 | €423,497 | €417,267 | -€6,230 | -1.5% |
| Amounts payable within one year | 42/48 | €1,211,255 | €1,326,967 | +€115,712 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €41,923 | €39,367 | -€2,555 | -6.1% |
| Financial debts | 43 | €650,000 | €725,000 | +€75,000 | +11.5% |
| Credit institutions | 430/8 | €650,000 | €725,000 | +€75,000 | +11.5% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €401,691 | €424,701 | +€23,010 | +5.7% |
| Suppliers | 440/4 | €401,691 | €424,701 | +€23,010 | +5.7% |
| Taxes, remuneration and social security | 45 | €117,610 | €137,898 | +€20,288 | +17.3% |
| Taxes | 450/3 | €90,529 | €129,830 | +€39,301 | +43.4% |
| Remuneration and social security | 454/9 | €27,082 | €8,069 | -€19,013 | -70.2% |
| Other amounts payable | 47/48 | €31 | €0 | -€31 | -100% |
| Non-recurring operating income | 76A | €9,357 | €151,593 | +€142,236 | +1,520% |
| Remuneration, social security and pensions | 62 | €237,861 | €166,675 | -€71,186 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,200 | €40,812 | +€35,611 | +685% |
| Other operating charges | 640/8 | €6,850 | €9,918 | +€3,069 | +44.8% |
| Non-recurring operating charges | 66A | €48,593 | €95,761 | +€47,168 | +97.1% |
| Gross operating margin | 9900 | €367,636 | €449,023 | +€81,387 | +22.1% |
| Operating profit (loss) | 9901 | €69,133 | €135,858 | +€66,726 | +96.5% |
| Financial income | 75/76B | €634 | €4,483 | +€3,849 | +607% |
| Recurring financial income | 75 | €634 | €4,483 | +€3,849 | +607% |
| Financial charges | 65/66B | €46,773 | €50,031 | +€3,259 | +7.0% |
| Recurring financial charges | 65 | €46,758 | €49,795 | +€3,037 | +6.5% |
| Non-recurring financial charges | 66B | €15 | €236 | +€221 | +1,467% |
| Profit (loss) for the period before taxes | 9903 | €22,994 | €90,310 | +€67,316 | +293% |
| Income taxes | 67/77 | €22,472 | €74,938 | +€52,466 | +233% |
| Profit (loss) for the period | 9904 | €522 | €15,372 | +€14,850 | +2,843% |
| Profit (loss) for the period to be appropriated | 9905 | €522 | €15,372 | +€14,850 | +2,843% |
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 16 October 2026 via checked.be.