ACSO Invest: 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.
ACSO Invest
Largest movements
- Stocks and contracts +€387,396
up €387,396 (+9.0%), from €4.3m to €4.7m
- Cash -€152,337
down €152,337 (-75.5%), from €201,797 to €49,461
mainly Other debts (-€563,254) and Stocks and contracts (-€387,396)
- Other debts -€563,254
down €563,254 (-85.0%), from €662,373 to €99,119
- Short-term financial debts +€395,134
up €395,134 (+12.4%), from €3.2m to €3.6m
- Debts after one year +€374,245
up €374,245 (+61.9%), from €604,560 to €978,806
of which Other amounts payable: +€405,814
- Tax, wage and social debts -€167,167
down €167,167 (-73.1%), from €228,773 to €61,606
- Profit (loss) carried forward +€105,405
up €105,405 (+16.7%), from €631,900 to €737,305
- Turnover -€887,194
no longer reported in 2025 (was €887,194)
- Purchases and services -€341,512
no longer reported in 2025 (was €341,512)
- Other operating charges -€303,689
down €303,689 (-71.2%), from €426,392 to €122,703
- Financial charges +€92,951
up €92,951 (+162%), from €57,228 to €150,179
- Taxes +€57,998
up €57,998 (+101%), from €57,660 to €115,658
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 | €5,637,834 | €5,890,200 | +€252,366 | +4.5% |
| Fixed assets | 21/28 | €798,670 | €787,393 | -€11,277 | -1.4% |
| Tangible fixed assets | 22/27 | €798,670 | €781,393 | -€17,277 | -2.2% |
| Land and buildings | 22 | €766,079 | €754,916 | -€11,163 | -1.5% |
| Plant, machinery and equipment | 23 | €3,535 | €3,470 | -€65 | -1.8% |
| Furniture and vehicles | 24 | €29,056 | €23,007 | -€6,049 | -20.8% |
| Financial fixed assets | 28 | - | €6,000 | +€6,000 | |
| Current assets | 29/58 | €4,839,164 | €5,102,807 | +€263,643 | +5.4% |
| Stocks and contracts in progress | 3 | €4,307,894 | €4,695,290 | +€387,396 | +9.0% |
| Stocks | 30/36 | €4,307,894 | €4,695,290 | +€387,396 | +9.0% |
| Amounts receivable within one year | 40/41 | €329,473 | €357,991 | +€28,519 | +8.7% |
| Trade receivables | 40 | €50,000 | €249,438 | +€199,438 | +399% |
| Other amounts receivable | 41 | €279,473 | €108,554 | -€170,919 | -61.2% |
| Cash at bank and in hand | 54/58 | €201,797 | €49,461 | -€152,337 | -75.5% |
| Deferred charges and accrued income | 490/1 | - | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €5,637,834 | €5,890,200 | +€252,366 | +4.5% |
| Equity | 10/15 | €832,204 | €937,609 | +€105,405 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €181,704 | €181,704 | = | 0.0% |
| Distributable reserves | 133 | €181,704 | €181,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | €631,900 | €737,305 | +€105,405 | +16.7% |
| Amounts payable | 17/49 | €4,805,630 | €4,952,591 | +€146,961 | +3.1% |
| Amounts payable after more than one year | 17 | €604,560 | €978,806 | +€374,245 | +61.9% |
| Financial debts | 170/4 | €604,560 | €572,991 | -€31,569 | -5.2% |
| Other amounts payable | 178/9 | - | €405,814 | +€405,814 | |
| Amounts payable within one year | 42/48 | €4,189,753 | €3,953,011 | -€236,742 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €37,402 | €31,569 | -€5,833 | -15.6% |
| Financial debts | 43 | €3,190,000 | €3,585,134 | +€395,134 | +12.4% |
| Credit institutions | 430/8 | €3,190,000 | €3,585,134 | +€395,134 | +12.4% |
| Trade debts | 44 | €71,205 | €175,583 | +€104,378 | +147% |
| Suppliers | 440/4 | €71,205 | €175,583 | +€104,378 | +147% |
| Taxes, remuneration and social security | 45 | €228,773 | €61,606 | -€167,167 | -73.1% |
| Taxes | 450/3 | €228,773 | €61,606 | -€167,167 | -73.1% |
| Other amounts payable | 47/48 | €662,373 | €99,119 | -€563,254 | -85.0% |
| Accrued charges and deferred income | 492/3 | €11,317 | €20,775 | +€9,458 | +83.6% |
| Turnover | 70 | €887,194 | - | -€887,194 | |
| Goods, raw materials, services and sundry goods | 60/61 | €341,512 | - | -€341,512 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,980 | €35,475 | +€5,495 | +18.3% |
| Other operating charges | 640/8 | €426,392 | €122,703 | -€303,689 | -71.2% |
| Gross operating margin | 9900 | €582,370 | €619,010 | +€36,640 | +6.3% |
| Operating profit (loss) | 9901 | €125,998 | €460,832 | +€334,834 | +266% |
| Financial income | 75/76B | €140 | €410 | +€270 | +193% |
| Recurring financial income | 75 | €140 | €410 | +€270 | +193% |
| Financial charges | 65/66B | €57,228 | €150,179 | +€92,951 | +162% |
| Recurring financial charges | 65 | €57,228 | €150,179 | +€92,951 | +162% |
| Profit (loss) for the period before taxes | 9903 | €68,910 | €311,063 | +€242,154 | +351% |
| Income taxes | 67/77 | €57,660 | €115,658 | +€57,998 | +101% |
| Profit (loss) for the period | 9904 | €11,249 | €195,405 | +€184,156 | +1,637% |
| Profit (loss) for the period to be appropriated | 9905 | €11,249 | €195,405 | +€184,156 | +1,637% |
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 27 October 2026 via checked.be.