ACS 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.
ACS GROUP
Largest movements
- Tangible fixed assets -€80,733
down €80,733 (-3.8%), from €2.1m to €2.0m
of which Land and buildings: -€63,009
- Cash +€77,344
up €77,344 (+410%), from €18,871 to €96,215
mainly Debts after one year (+€305,306) and Net result for the year (+€162,306)
- Other debts -€529,873
down €529,873 (-41.1%), from €1.3m to €758,771
- Debts after one year +€305,306
up €305,306 (+197%), from €155,317 to €460,622
- Reserves +€162,306
up €162,306 (+29.4%), from €551,272 to €713,578
- Current portion of long-term debt +€83,164
up €83,164 (+107%), from €78,081 to €161,245
- Accrued charges and deferred income -€63,779
down €63,779 (-90.7%), from €70,282 to €6,504
- Gross operating margin +€130,474
up €130,474 (+58.7%), from €222,166 to €352,640
- Financial charges -€59,244
down €59,244 (-82.2%), from €72,092 to €12,847
- Taxes +€50,212
up €50,212 (+310%), from €16,188 to €66,400
- Other operating charges +€13,120
up €13,120 (+194%), from €6,757 to €19,878
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 | €2,178,380 | €2,176,372 | -€2,008 | -0.1% |
| Fixed assets | 21/28 | €2,113,408 | €2,032,675 | -€80,733 | -3.8% |
| Tangible fixed assets | 22/27 | €2,113,408 | €2,032,675 | -€80,733 | -3.8% |
| Land and buildings | 22 | €2,041,268 | €1,978,258 | -€63,009 | -3.1% |
| Plant, machinery and equipment | 23 | €6,939 | €4,383 | -€2,556 | -36.8% |
| Furniture and vehicles | 24 | €51,807 | €37,954 | -€13,852 | -26.7% |
| Other tangible fixed assets | 26 | €13,395 | €12,079 | -€1,315 | -9.8% |
| Current assets | 29/58 | €64,972 | €143,698 | +€78,725 | +121% |
| Amounts receivable within one year | 40/41 | €44,484 | €45,810 | +€1,326 | +3.0% |
| Trade receivables | 40 | €29,484 | €45,810 | +€16,326 | +55.4% |
| Other amounts receivable | 41 | €15,000 | €0 | -€15,000 | -100% |
| Cash at bank and in hand | 54/58 | €18,871 | €96,215 | +€77,344 | +410% |
| Deferred charges and accrued income | 490/1 | €1,618 | €1,673 | +€55 | +3.4% |
| Total equity and liabilities | 10/49 | €2,178,380 | €2,176,372 | -€2,008 | -0.1% |
| Equity | 10/15 | €569,872 | €732,178 | +€162,306 | +28.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €551,272 | €713,578 | +€162,306 | +29.4% |
| Distributable reserves | 133 | €551,272 | €713,578 | +€162,306 | +29.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,608,509 | €1,444,194 | -€164,314 | -10.2% |
| Amounts payable after more than one year | 17 | €155,317 | €460,622 | +€305,306 | +197% |
| Financial debts | 170/4 | €155,317 | €460,622 | +€305,306 | +197% |
| Amounts payable within one year | 42/48 | €1,382,910 | €977,068 | -€405,841 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €78,081 | €161,245 | +€83,164 | +107% |
| Financial debts | 43 | €10,140 | €23,465 | +€13,324 | +131% |
| Credit institutions | 430/8 | €10,140 | €23,465 | +€13,324 | +131% |
| Trade debts | 44 | €406 | €6,697 | +€6,291 | +1,548% |
| Suppliers | 440/4 | €406 | €6,697 | +€6,291 | +1,548% |
| Taxes, remuneration and social security | 45 | €5,637 | €26,890 | +€21,253 | +377% |
| Taxes | 450/3 | €5,637 | €26,890 | +€21,253 | +377% |
| Other amounts payable | 47/48 | €1,288,644 | €758,771 | -€529,873 | -41.1% |
| Accrued charges and deferred income | 492/3 | €70,282 | €6,504 | -€63,779 | -90.7% |
| Non-recurring operating income | 76A | - | €33,685 | +€33,685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,732 | €91,219 | -€2,513 | -2.7% |
| Other operating charges | 640/8 | €6,757 | €19,878 | +€13,120 | +194% |
| Gross operating margin | 9900 | €222,166 | €352,640 | +€130,474 | +58.7% |
| Operating profit (loss) | 9901 | €121,676 | €241,544 | +€119,867 | +98.5% |
| Financial income | 75/76B | €10 | €10 | -€0 | -2.3% |
| Recurring financial income | 75 | €10 | €10 | -€0 | -2.3% |
| Financial charges | 65/66B | €72,092 | €12,847 | -€59,244 | -82.2% |
| Recurring financial charges | 65 | €72,092 | €12,847 | -€59,244 | -82.2% |
| Profit (loss) for the period before taxes | 9903 | €49,595 | €228,707 | +€179,112 | +361% |
| Income taxes | 67/77 | €16,188 | €66,400 | +€50,212 | +310% |
| Profit (loss) for the period | 9904 | €33,407 | €162,306 | +€128,900 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €33,407 | €162,306 | +€128,900 | +386% |
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 24 October 2026 via checked.be.