ACSENTO: 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.
ACSENTO
Largest movements
- Receivables within one year -€131,009
down €131,009 (-52.0%), from €251,825 to €120,815
of which Trade receivables: -€117,095
- Deferred charges and accrued income +€13,599
up €13,599 (+565%), from €2,406 to €16,005
- Cash -€12,949
down €12,949 (-24.9%), from €52,036 to €39,088
mainly Trade debts (-€165,471) and Debts after one year (-€43,812)
- Intangible fixed assets +€12,421
new in 2025: €12,421
- Trade debts -€165,471
down €165,471 (-57.8%), from €286,436 to €120,964
- Other debts +€62,443
up €62,443 (+8,383%), from €745 to €63,188
- Short-term financial debts +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Debts after one year -€43,812
no longer reported in 2025 (was €43,812)
- Current portion of long-term debt -€28,372
down €28,372 (-39.3%), from €72,184 to €43,812
- Gross operating margin +€35,163
up €35,163 (+34.3%), from €102,442 to €137,605
- Financial charges +€10,983
up €10,983 (+40.1%), from €27,382 to €38,365
- Taxes +€3,829
up €3,829 (+313%), from €1,224 to €5,053
- Depreciation +€3,816
up €3,816 (+25.5%), from €14,939 to €18,755
- Staff costs +€1,922
up €1,922 (+3.0%), from €64,100 to €66,022
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 | €947,083 | €828,183 | -€118,900 | -12.6% |
| Fixed assets | 21/28 | €42,577 | €56,469 | +€13,892 | +32.6% |
| Intangible fixed assets | 21 | - | €12,421 | +€12,421 | |
| Tangible fixed assets | 22/27 | €42,277 | €43,748 | +€1,471 | +3.5% |
| Plant, machinery and equipment | 23 | €16,902 | €25,164 | +€8,263 | +48.9% |
| Furniture and vehicles | 24 | €13,503 | €9,428 | -€4,075 | -30.2% |
| Other tangible fixed assets | 26 | €11,872 | €9,156 | -€2,716 | -22.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €904,506 | €771,714 | -€132,792 | -14.7% |
| Stocks and contracts in progress | 3 | €598,239 | €595,806 | -€2,433 | -0.4% |
| Stocks | 30/36 | €598,239 | €595,806 | -€2,433 | -0.4% |
| Amounts receivable within one year | 40/41 | €251,825 | €120,815 | -€131,009 | -52.0% |
| Trade receivables | 40 | €229,997 | €112,902 | -€117,095 | -50.9% |
| Other amounts receivable | 41 | €21,828 | €7,913 | -€13,915 | -63.7% |
| Cash at bank and in hand | 54/58 | €52,036 | €39,088 | -€12,949 | -24.9% |
| Deferred charges and accrued income | 490/1 | €2,406 | €16,005 | +€13,599 | +565% |
| Total equity and liabilities | 10/49 | €947,083 | €828,183 | -€118,900 | -12.6% |
| Equity | 10/15 | €263,205 | €275,239 | +€12,034 | +4.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €244,655 | €256,689 | +€12,034 | +4.9% |
| Distributable reserves | 133 | €244,655 | €256,689 | +€12,034 | +4.9% |
| Amounts payable | 17/49 | €683,878 | €552,944 | -€130,934 | -19.1% |
| Amounts payable after more than one year | 17 | €43,812 | - | -€43,812 | |
| Financial debts | 170/4 | €43,812 | - | -€43,812 | |
| Amounts payable within one year | 42/48 | €619,717 | €542,910 | -€76,807 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €72,184 | €43,812 | -€28,372 | -39.3% |
| Financial debts | 43 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Credit institutions | 430/8 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Trade debts | 44 | €286,436 | €120,964 | -€165,471 | -57.8% |
| Suppliers | 440/4 | €286,436 | €120,964 | -€165,471 | -57.8% |
| Taxes, remuneration and social security | 45 | €10,353 | €14,946 | +€4,593 | +44.4% |
| Taxes | 450/3 | €1,224 | €5,923 | +€4,699 | +384% |
| Remuneration and social security | 454/9 | €9,129 | €9,023 | -€106 | -1.2% |
| Other amounts payable | 47/48 | €745 | €63,188 | +€62,443 | +8,383% |
| Accrued charges and deferred income | 492/3 | €20,349 | €10,034 | -€10,315 | -50.7% |
| Non-recurring operating income | 76A | €5,593 | - | -€5,593 | |
| Remuneration, social security and pensions | 62 | €64,100 | €66,022 | +€1,922 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,939 | €18,755 | +€3,816 | +25.5% |
| Other operating charges | 640/8 | €1,400 | €1,227 | -€173 | -12.4% |
| Gross operating margin | 9900 | €102,442 | €137,605 | +€35,163 | +34.3% |
| Operating profit (loss) | 9901 | €22,003 | €51,601 | +€29,598 | +135% |
| Financial income | 75/76B | €3,063 | €3,851 | +€788 | +25.7% |
| Recurring financial income | 75 | €3,063 | €3,851 | +€788 | +25.7% |
| Financial charges | 65/66B | €27,382 | €38,365 | +€10,983 | +40.1% |
| Recurring financial charges | 65 | €27,382 | €38,365 | +€10,983 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,315 | €17,087 | +€19,402 | |
| Income taxes | 67/77 | €1,224 | €5,053 | +€3,829 | +313% |
| Profit (loss) for the period | 9904 | -€3,539 | €12,034 | +€15,574 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,539 | €12,034 | +€15,574 |
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.