ACV IMMO: 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 IMMO
Largest movements
- Tangible fixed assets -€151,150
down €151,150 (-10.7%), from €1.4m to €1.3m
of which Land and buildings: -€85,076
- Cash -€97,225
down €97,225 (-61.6%), from €157,814 to €60,589
mainly Other debts (-€505,850) and Debts after one year (-€50,254)
- Other debts -€505,850
down €505,850 (-56.7%), from €891,752 to €385,902
- Reserves +€224,387
up €224,387 (+48.0%), from €467,829 to €692,216
- Provisions +€74,796
up €74,796 (+97.4%), from €76,827 to €151,623
- Debts after one year -€50,254
no longer reported in 2025 (was €50,254)
- Financial income -€1.2m
down €1.2m (-100.0%), from €1.2m to €39
of which Non-recurring financial income: -€1.2m
- Gross operating margin +€610,973
up €610,973, from -€174,012 to €436,961
- Purchases and services -€268,415
no longer reported in 2025 (was €268,415)
- Financial charges -€104,867
down €104,867 (-64.9%), from €161,536 to €56,669
- Turnover -€75,619
no longer reported in 2025 (was €75,619)
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 | €1,586,688 | €1,331,976 | -€254,712 | -16.1% |
| Fixed assets | 21/28 | €1,410,305 | €1,259,155 | -€151,150 | -10.7% |
| Tangible fixed assets | 22/27 | €1,410,305 | €1,259,155 | -€151,150 | -10.7% |
| Land and buildings | 22 | €1,313,393 | €1,228,317 | -€85,076 | -6.5% |
| Plant, machinery and equipment | 23 | - | €2,639 | +€2,639 | |
| Furniture and vehicles | 24 | €36,120 | €21,488 | -€14,632 | -40.5% |
| Other tangible fixed assets | 26 | €60,792 | €6,711 | -€54,081 | -89.0% |
| Current assets | 29/58 | €176,383 | €72,821 | -€103,562 | -58.7% |
| Amounts receivable within one year | 40/41 | €18,419 | €12,232 | -€6,187 | -33.6% |
| Trade receivables | 40 | - | €2,970 | +€2,970 | |
| Other amounts receivable | 41 | €18,419 | €9,262 | -€9,157 | -49.7% |
| Cash at bank and in hand | 54/58 | €157,814 | €60,589 | -€97,225 | -61.6% |
| Deferred charges and accrued income | 490/1 | €150 | - | -€150 | |
| Total equity and liabilities | 10/49 | €1,586,688 | €1,331,976 | -€254,712 | -16.1% |
| Equity | 10/15 | €538,334 | €778,454 | +€240,120 | +44.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €467,829 | €692,216 | +€224,387 | +48.0% |
| Tax-exempt reserves | 132 | €467,829 | €692,216 | +€224,387 | +48.0% |
| Profit (loss) carried forward | 14 | €8,505 | €24,238 | +€15,733 | +185.0% |
| Provisions and deferred taxes | 16 | €76,827 | €151,623 | +€74,796 | +97.4% |
| Deferred taxes | 168 | €76,827 | €151,623 | +€74,796 | +97.4% |
| Amounts payable | 17/49 | €971,527 | €401,899 | -€569,628 | -58.6% |
| Amounts payable after more than one year | 17 | €50,254 | - | -€50,254 | |
| Financial debts | 170/4 | €50,254 | - | -€50,254 | |
| Amounts payable within one year | 42/48 | €921,272 | €401,899 | -€519,373 | -56.4% |
| Financial debts | 43 | €9,125 | - | -€9,125 | |
| Credit institutions | 430/8 | €9,125 | - | -€9,125 | |
| Trade debts | 44 | €14,892 | €10,494 | -€4,398 | -29.5% |
| Suppliers | 440/4 | €14,892 | €10,494 | -€4,398 | -29.5% |
| Taxes, remuneration and social security | 45 | €5,503 | €5,503 | -€0 | 0.0% |
| Taxes | 450/3 | €5,503 | €5,503 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €891,752 | €385,902 | -€505,850 | -56.7% |
| Turnover | 70 | €75,619 | - | -€75,619 | |
| Goods, raw materials, services and sundry goods | 60/61 | €268,415 | - | -€268,415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,387 | €60,211 | -€15,176 | -20.1% |
| Other operating charges | 640/8 | €8,349 | €5,204 | -€3,145 | -37.7% |
| Gross operating margin | 9900 | -€174,012 | €436,961 | +€610,973 | |
| Operating profit (loss) | 9901 | -€257,749 | €371,546 | +€629,295 | |
| Financial income | 75/76B | €1,229,552 | €39 | -€1.2m | -100.0% |
| Recurring financial income | 75 | €319 | €39 | -€280 | -87.8% |
| Non-recurring financial income | 76B | €1,229,233 | - | -€1.2m | |
| Financial charges | 65/66B | €161,536 | €56,669 | -€104,867 | -64.9% |
| Recurring financial charges | 65 | €161,536 | €56,669 | -€104,867 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €810,266 | €314,916 | -€495,350 | -61.1% |
| Transfer to deferred taxes | 680 | €76,827 | €74,796 | -€2,031 | -2.6% |
| Income taxes | 67/77 | €5,503 | - | -€5,503 | |
| Profit (loss) for the period | 9904 | €727,936 | €240,120 | -€487,816 | -67.0% |
| Transfer to tax-exempt reserves | 689 | €307,308 | €224,387 | -€82,921 | -27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €420,628 | €15,733 | -€404,895 | -96.3% |
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 11 October 2026 via checked.be.