ACUHOLD: what changed
Two fiscal 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.
ACUHOLD
Largest movements
- Receivables within one year -€173,001
down €173,001 (-18.3%), from €944,659 to €771,658
of which Other amounts receivable: -€199,514
- Cash -€123,352
down €123,352 (-34.4%), from €358,771 to €235,418
mainly Contributions, distributions and other (-€509,316) and Deferred charges and accrued income (-€18,281)
- Deferred charges and accrued income +€18,281
up €18,281 (+53.6%), from €34,126 to €52,408
- Profit (loss) carried forward -€442,241
down €442,241 (-98.4%), from €449,236 to €6,995
- Trade debts +€210,028
up €210,028 (+67.7%), from €310,269 to €520,297
- Reserves -€60,080
down €60,080 (-11.6%), from €518,421 to €458,341
- Other debts +€13,711
new in 2025: €13,711
- Gross operating margin +€107,056
up €107,056 (+9.4%), from €1.1m to €1.2m
- Staff costs +€101,428
up €101,428 (+9.0%), from €1.1m to €1.2m
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.
Cash bridge derived
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 | €1,339,294 | €1,060,639 | -€278,656 | -20.8% |
| Fixed assets | 21/28 | €1,738 | €1,154 | -€584 | -33.6% |
| Tangible fixed assets | 22/27 | €1,720 | €1,136 | -€584 | -34.0% |
| Furniture and vehicles | 24 | €1,720 | €1,136 | -€584 | -34.0% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €1,337,556 | €1,059,484 | -€278,072 | -20.8% |
| Amounts receivable within one year | 40/41 | €944,659 | €771,658 | -€173,001 | -18.3% |
| Trade receivables | 40 | €732,948 | €759,461 | +€26,513 | +3.6% |
| Other amounts receivable | 41 | €211,711 | €12,197 | -€199,514 | -94.2% |
| Cash at bank and in hand | 54/58 | €358,771 | €235,418 | -€123,352 | -34.4% |
| Deferred charges and accrued income | 490/1 | €34,126 | €52,408 | +€18,281 | +53.6% |
| Total equity and liabilities | 10/49 | €1,339,294 | €1,060,639 | -€278,656 | -20.8% |
| Equity | 10/15 | €989,657 | €487,336 | -€502,321 | -50.8% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €518,421 | €458,341 | -€60,080 | -11.6% |
| Distributable reserves | 133 | €518,421 | €458,341 | -€60,080 | -11.6% |
| Profit (loss) carried forward | 14 | €449,236 | €6,995 | -€442,241 | -98.4% |
| Amounts payable | 17/49 | €349,637 | €573,303 | +€223,666 | +64.0% |
| Amounts payable within one year | 42/48 | €349,637 | €573,303 | +€223,666 | +64.0% |
| Trade debts | 44 | €310,269 | €520,297 | +€210,028 | +67.7% |
| Suppliers | 440/4 | €310,269 | €520,297 | +€210,028 | +67.7% |
| Taxes, remuneration and social security | 45 | €39,368 | €39,295 | -€73 | -0.2% |
| Taxes | 450/3 | €4,674 | €5,299 | +€624 | +13.4% |
| Remuneration and social security | 454/9 | €34,694 | €33,996 | -€698 | -2.0% |
| Other amounts payable | 47/48 | - | €13,711 | +€13,711 | |
| Remuneration, social security and pensions | 62 | €1,124,560 | €1,225,988 | +€101,428 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €584 | €584 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,550 | +€2,550 | |
| Other operating charges | 640/8 | €3,154 | €3,348 | +€193 | +6.1% |
| Gross operating margin | 9900 | €1,140,372 | €1,247,428 | +€107,056 | +9.4% |
| Operating profit (loss) | 9901 | €12,074 | €14,959 | +€2,885 | +23.9% |
| Financial income | 75/76B | €33 | €29 | -€5 | -13.6% |
| Recurring financial income | 75 | €33 | €29 | -€5 | -13.6% |
| Financial charges | 65/66B | €2,560 | €2,694 | +€135 | +5.3% |
| Recurring financial charges | 65 | €2,560 | €2,694 | +€135 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €9,548 | €12,293 | +€2,745 | +28.8% |
| Income taxes | 67/77 | €4,674 | €5,299 | +€624 | +13.4% |
| Profit (loss) for the period | 9904 | €4,874 | €6,995 | +€2,121 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,874 | €6,995 | +€2,121 | +43.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.