ACV UTILIS: 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.
ACV UTILIS
Largest movements
- Stocks and contracts +€18,806
up €18,806 (+99.3%), from €18,945 to €37,751
- Cash -€7,214
down €7,214 (-38.8%), from €18,585 to €11,372
mainly Other debts (-€41,264) and Stocks and contracts (-€18,806)
- Tangible fixed assets +€1,948
up €1,948 (+25.1%), from €7,747 to €9,695
of which Furniture and vehicles: +€1,487
- Receivables within one year +€1,891
up €1,891 (+2.0%), from €93,415 to €95,307
- Other debts -€41,264
down €41,264 (-87.7%), from €47,076 to €5,812
- Short-term financial debts +€25,000
new in 2025: €25,000
- Trade debts +€17,051
up €17,051 (+46.4%), from €36,773 to €53,824
- Debts after one year +€9,147
new in 2025: €9,147
- Current portion of long-term debt +€4,609
new in 2025: €4,609
- Gross operating margin +€25,985
up €25,985 (+105.0%), from €24,749 to €50,734
- Staff costs +€24,956
up €24,956 (+280.4%), from €8,900 to €33,856
- Write-downs +€2,938
up €2,938, from -€2,250 to €688
- Depreciation +€2,707
up €2,707 (+135.0%), from €2,005 to €4,712
- Other operating charges +€2,282
up €2,282 (+104.9%), from €2,175 to €4,457
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 | €143,798 | €160,330 | +€16,531 | +11.5% |
| Fixed assets | 21/28 | €8,724 | €12,243 | +€3,518 | +40.3% |
| Intangible fixed assets | 21 | €977 | €2,548 | +€1,571 | +160.7% |
| Tangible fixed assets | 22/27 | €7,747 | €9,695 | +€1,948 | +25.1% |
| Plant, machinery and equipment | 23 | €6,414 | €6,875 | +€461 | +7.2% |
| Furniture and vehicles | 24 | €1,333 | €2,820 | +€1,487 | +111.5% |
| Current assets | 29/58 | €135,074 | €148,087 | +€13,013 | +9.6% |
| Stocks and contracts in progress | 3 | €18,945 | €37,751 | +€18,806 | +99.3% |
| Stocks | 30/36 | €18,945 | €37,751 | +€18,806 | +99.3% |
| Amounts receivable within one year | 40/41 | €93,415 | €95,307 | +€1,891 | +2.0% |
| Trade receivables | 40 | €93,415 | €95,307 | +€1,891 | +2.0% |
| Cash at bank and in hand | 54/58 | €18,585 | €11,372 | -€7,214 | -38.8% |
| Deferred charges and accrued income | 490/1 | €4,128 | €3,657 | -€471 | -11.4% |
| Total equity and liabilities | 10/49 | €143,798 | €160,330 | +€16,531 | +11.5% |
| Equity | 10/15 | €22,024 | €25,447 | +€3,423 | +15.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,024 | €22,447 | +€3,423 | +18.0% |
| Amounts payable | 17/49 | €121,774 | €134,883 | +€13,109 | +10.8% |
| Amounts payable after more than one year | 17 | - | €9,147 | +€9,147 | |
| Financial debts | 170/4 | - | €9,147 | +€9,147 | |
| Amounts payable within one year | 42/48 | €120,396 | €124,759 | +€4,363 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,609 | +€4,609 | |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €36,773 | €53,824 | +€17,051 | +46.4% |
| Suppliers | 440/4 | €36,773 | €53,824 | +€17,051 | +46.4% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €36,547 | €33,014 | -€3,533 | -9.7% |
| Taxes | 450/3 | €31,959 | €26,151 | -€5,808 | -18.2% |
| Remuneration and social security | 454/9 | €4,588 | €6,863 | +€2,275 | +49.6% |
| Other amounts payable | 47/48 | €47,076 | €5,812 | -€41,264 | -87.7% |
| Accrued charges and deferred income | 492/3 | €1,378 | €977 | -€401 | -29.1% |
| Non-recurring operating income | 76A | €4,197 | - | -€4,197 | |
| Remuneration, social security and pensions | 62 | €8,900 | €33,856 | +€24,956 | +280.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,005 | €4,712 | +€2,707 | +135.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,250 | €688 | +€2,938 | |
| Other operating charges | 640/8 | €2,175 | €4,457 | +€2,282 | +104.9% |
| Gross operating margin | 9900 | €24,749 | €50,734 | +€25,985 | +105.0% |
| Operating profit (loss) | 9901 | €13,919 | €7,021 | -€6,899 | -49.6% |
| Financial charges | 65/66B | €1,978 | €1,491 | -€487 | -24.6% |
| Recurring financial charges | 65 | €1,978 | €1,491 | -€487 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €11,941 | €5,530 | -€6,411 | -53.7% |
| Income taxes | 67/77 | €2,673 | €2,107 | -€566 | -21.2% |
| Profit (loss) for the period | 9904 | €9,268 | €3,423 | -€5,845 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,268 | €3,423 | -€5,845 | -63.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.