ACV CONSTRUCT: 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.
ACV CONSTRUCT
Largest movements
- Cash +€47,420
up €47,420 (+54.6%), from €86,862 to €134,282
mainly Net result for the year (+€18,976) and Receivables within one year (+€16,145)
- Receivables within one year -€16,145
down €16,145 (-42.8%), from €37,761 to €21,616
of which Trade receivables: -€18,369
- Tangible fixed assets -€8,422
down €8,422 (-27.3%), from €30,848 to €22,426
of which Furniture and vehicles: -€8,153
- Other debts +€15,000
new in 2025: €15,000
- Trade debts +€12,486
up €12,486 (+3337.3%), from €374 to €12,860
- Debts after one year -€6,784
down €6,784 (-36.2%), from €18,754 to €11,970
- Reserves +€3,976
up €3,976 (+8.1%), from €49,183 to €53,158
- Tax, wage and social debts -€2,326
down €2,326 (-23.5%), from €9,890 to €7,564
- Gross operating margin -€20,642
down €20,642 (-35.2%), from €58,633 to €37,991
- Taxes -€8,326
down €8,326 (-52.4%), from €15,890 to €7,564
- Depreciation +€1,218
up €1,218 (+14.4%), from €8,472 to €9,690
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 | €161,561 | €184,197 | +€22,635 | +14.0% |
| Fixed assets | 21/28 | €30,848 | €22,426 | -€8,422 | -27.3% |
| Tangible fixed assets | 22/27 | €30,848 | €22,426 | -€8,422 | -27.3% |
| Plant, machinery and equipment | 23 | €350 | €81 | -€269 | -76.9% |
| Furniture and vehicles | 24 | €30,499 | €22,346 | -€8,153 | -26.7% |
| Current assets | 29/58 | €130,713 | €161,770 | +€31,057 | +23.8% |
| Amounts receivable within one year | 40/41 | €37,761 | €21,616 | -€16,145 | -42.8% |
| Trade receivables | 40 | €30,461 | €12,092 | -€18,369 | -60.3% |
| Other amounts receivable | 41 | €7,300 | €9,523 | +€2,223 | +30.5% |
| Cash at bank and in hand | 54/58 | €86,862 | €134,282 | +€47,420 | +54.6% |
| Deferred charges and accrued income | 490/1 | €6,090 | €5,872 | -€217 | -3.6% |
| Total equity and liabilities | 10/49 | €161,561 | €184,197 | +€22,635 | +14.0% |
| Equity | 10/15 | €126,043 | €130,019 | +€3,976 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,183 | €53,158 | +€3,976 | +8.1% |
| Distributable reserves | 133 | €49,183 | €53,158 | +€3,976 | +8.1% |
| Profit (loss) carried forward | 14 | €70,660 | €70,660 | = | 0.0% |
| Amounts payable | 17/49 | €35,518 | €54,178 | +€18,660 | +52.5% |
| Amounts payable after more than one year | 17 | €18,754 | €11,970 | -€6,784 | -36.2% |
| Financial debts | 170/4 | €18,754 | €11,970 | -€6,784 | -36.2% |
| Amounts payable within one year | 42/48 | €16,764 | €42,208 | +€25,443 | +151.8% |
| Current portion of amounts payable after more than one year | 42 | €6,500 | €6,784 | +€284 | +4.4% |
| Trade debts | 44 | €374 | €12,860 | +€12,486 | +3337.3% |
| Suppliers | 440/4 | €374 | €12,860 | +€12,486 | +3337.3% |
| Taxes, remuneration and social security | 45 | €9,890 | €7,564 | -€2,326 | -23.5% |
| Taxes | 450/3 | €9,890 | €7,564 | -€2,326 | -23.5% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,472 | €9,690 | +€1,218 | +14.4% |
| Other operating charges | 640/8 | €878 | €902 | +€24 | +2.8% |
| Gross operating margin | 9900 | €58,633 | €37,991 | -€20,642 | -35.2% |
| Operating profit (loss) | 9901 | €49,283 | €27,398 | -€21,884 | -44.4% |
| Financial income | 75/76B | €364 | €309 | -€55 | -15.1% |
| Recurring financial income | 75 | €364 | €309 | -€55 | -15.1% |
| Financial charges | 65/66B | €1,433 | €1,167 | -€266 | -18.6% |
| Recurring financial charges | 65 | €1,433 | €1,167 | -€266 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €48,213 | €26,540 | -€21,673 | -45.0% |
| Income taxes | 67/77 | €15,890 | €7,564 | -€8,326 | -52.4% |
| Profit (loss) for the period | 9904 | €32,323 | €18,976 | -€13,347 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,323 | €18,976 | -€13,347 | -41.3% |
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 12 October 2026 via checked.be.