ACS Properties: 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 Properties
Largest movements
- Tangible fixed assets +€52,247
new in 2025: €52,247
- Receivables within one year +€49,460
up €49,460 (+34.0%), from €145,269 to €194,729
of which Trade receivables: +€39,533
- Cash +€10,071
new in 2025: €10,071
mainly Trade debts (+€31,063) and Other debts (+€24,160)
- Trade debts +€31,063
up €31,063 (+304%), from €10,226 to €41,289
- Other debts +€24,160
up €24,160 (+102%), from €23,666 to €47,825
- Accrued charges and deferred income +€23,395
new in 2025: €23,395
- Profit (loss) carried forward +€16,453
up €16,453 (+24.2%), from -€67,993 to -€51,540
- Debts after one year +€11,300
new in 2025: €11,300
- Gross operating margin +€35,765
new in 2025: €35,765
- Staff costs +€10,495
new in 2025: €10,495
- Taxes -€5,067
no longer reported in 2025 (was €5,067)
- Depreciation +€4,564
new in 2025: €4,564
- Financial charges +€1,588
up €1,588 (+2,128%), from €75 to €1,663
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 | €147,392 | €261,176 | +€113,785 | +77.2% |
| Fixed assets | 21/28 | - | €52,247 | +€52,247 | |
| Tangible fixed assets | 22/27 | - | €52,247 | +€52,247 | |
| Other tangible fixed assets | 26 | - | €52,247 | +€52,247 | |
| Current assets | 29/58 | €147,392 | €208,929 | +€61,537 | +41.8% |
| Stocks and contracts in progress | 3 | - | €1,958 | +€1,958 | |
| Stocks | 30/36 | - | €1,958 | +€1,958 | |
| Amounts receivable within one year | 40/41 | €145,269 | €194,729 | +€49,460 | +34.0% |
| Trade receivables | 40 | - | €39,533 | +€39,533 | |
| Other amounts receivable | 41 | €145,269 | €155,196 | +€9,927 | +6.8% |
| Cash at bank and in hand | 54/58 | - | €10,071 | +€10,071 | |
| Deferred charges and accrued income | 490/1 | €2,123 | €2,170 | +€47 | +2.2% |
| Total equity and liabilities | 10/49 | €147,392 | €261,176 | +€113,785 | +77.2% |
| Equity | 10/15 | €65,851 | €82,304 | +€16,453 | +25.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127,644 | €127,644 | = | 0.0% |
| Tax-exempt reserves | 132 | €127,644 | €127,644 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,993 | -€51,540 | +€16,453 | +24.2% |
| Provisions and deferred taxes | 16 | €42,548 | €42,548 | = | 0.0% |
| Deferred taxes | 168 | €42,548 | €42,548 | = | 0.0% |
| Amounts payable | 17/49 | €38,993 | €136,325 | +€97,332 | +250% |
| Amounts payable after more than one year | 17 | - | €11,300 | +€11,300 | |
| Other amounts payable | 178/9 | - | €11,300 | +€11,300 | |
| Amounts payable within one year | 42/48 | €38,993 | €101,630 | +€62,637 | +161% |
| Financial debts | 43 | €34 | - | -€34 | |
| Credit institutions | 430/8 | €34 | - | -€34 | |
| Trade debts | 44 | €10,226 | €41,289 | +€31,063 | +304% |
| Suppliers | 440/4 | €10,226 | €41,289 | +€31,063 | +304% |
| Taxes, remuneration and social security | 45 | €5,067 | €12,515 | +€7,447 | +147% |
| Taxes | 450/3 | €5,067 | €11,955 | +€6,887 | +136% |
| Remuneration and social security | 454/9 | - | €560 | +€560 | |
| Other amounts payable | 47/48 | €23,666 | €47,825 | +€24,160 | +102% |
| Accrued charges and deferred income | 492/3 | - | €23,395 | +€23,395 | |
| Remuneration, social security and pensions | 62 | - | €10,495 | +€10,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,564 | +€4,564 | |
| Other operating charges | 640/8 | - | €482 | +€482 | |
| Non-recurring operating charges | 66A | - | €2,123 | +€2,123 | |
| Gross operating margin | 9900 | - | €35,765 | +€35,765 | |
| Operating profit (loss) | 9901 | - | €18,102 | +€18,102 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €75 | €1,663 | +€1,588 | +2,128% |
| Recurring financial charges | 65 | €75 | €1,663 | +€1,588 | +2,128% |
| Profit (loss) for the period before taxes | 9903 | -€75 | €16,453 | +€16,528 | |
| Income taxes | 67/77 | €5,067 | - | -€5,067 | |
| Profit (loss) for the period | 9904 | -€5,142 | €16,453 | +€21,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,142 | €16,453 | +€21,595 |
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 15 October 2026 via checked.be.