ACVEMA: 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.
ACVEMA
Largest movements
- Receivables within one year +€40,856
up €40,856 (+22.4%), from €182,362 to €223,218
of which Trade receivables: +€47,420
- Tangible fixed assets -€32,394
down €32,394 (-10.1%), from €319,907 to €287,513
of which Other tangible fixed assets: -€18,770
- Receivables after one year +€27,963
up €27,963 (+27.2%), from €102,691 to €130,654
- Deferred charges and accrued income -€9,323
down €9,323 (-38.9%), from €23,946 to €14,622
- Trade debts +€37,677
up €37,677 (+56.7%), from €66,471 to €104,148
- Tax, wage and social debts -€20,903
down €20,903 (-41.0%), from €51,021 to €30,118
of which Remuneration and social security: -€13,700
- Profit (loss) carried forward +€20,054
up €20,054 (+10.7%), from €187,436 to €207,491
- Other debts -€8,500
down €8,500 (-40.5%), from €20,962 to €12,462
- Gross operating margin +€27,083
up €27,083 (+60.1%), from €45,040 to €72,123
- Taxes +€3,412
up €3,412 (+27.0%), from €12,659 to €16,071
- Other operating charges +€2,785
up €2,785 (+68.6%), from €4,058 to €6,843
- Depreciation +€838
up €838 (+2.6%), from €32,103 to €32,942
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 | €632,134 | €660,462 | +€28,328 | +4.5% |
| Fixed assets | 21/28 | €321,747 | €289,353 | -€32,394 | -10.1% |
| Tangible fixed assets | 22/27 | €319,907 | €287,513 | -€32,394 | -10.1% |
| Land and buildings | 22 | €204,441 | €201,546 | -€2,896 | -1.4% |
| Plant, machinery and equipment | 23 | €5,498 | €3,800 | -€1,699 | -30.9% |
| Furniture and vehicles | 24 | €25,827 | €17,269 | -€8,558 | -33.1% |
| Leasing and similar rights | 25 | €2,161 | €1,690 | -€471 | -21.8% |
| Other tangible fixed assets | 26 | €81,978 | €63,209 | -€18,770 | -22.9% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €310,388 | €371,110 | +€60,722 | +19.6% |
| Amounts receivable after more than one year | 29 | €102,691 | €130,654 | +€27,963 | +27.2% |
| Other amounts receivable | 291 | €102,691 | €130,654 | +€27,963 | +27.2% |
| Amounts receivable within one year | 40/41 | €182,362 | €223,218 | +€40,856 | +22.4% |
| Trade receivables | 40 | €114,485 | €161,904 | +€47,420 | +41.4% |
| Other amounts receivable | 41 | €67,877 | €61,314 | -€6,564 | -9.7% |
| Cash at bank and in hand | 54/58 | €1,389 | €2,615 | +€1,227 | +88.3% |
| Deferred charges and accrued income | 490/1 | €23,946 | €14,622 | -€9,323 | -38.9% |
| Total equity and liabilities | 10/49 | €632,134 | €660,462 | +€28,328 | +4.5% |
| Equity | 10/15 | €493,680 | €513,735 | +€20,054 | +4.1% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Revaluation surpluses | 12 | €20,244 | €20,244 | = | 0.0% |
| Reserves | 13 | €26,000 | €26,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,000 | €26,000 | = | 0.0% |
| Legal reserve | 130 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,436 | €207,491 | +€20,054 | +10.7% |
| Amounts payable | 17/49 | €138,454 | €146,728 | +€8,274 | +6.0% |
| Amounts payable within one year | 42/48 | €138,454 | €146,728 | +€8,274 | +6.0% |
| Trade debts | 44 | €66,471 | €104,148 | +€37,677 | +56.7% |
| Suppliers | 440/4 | €66,471 | €104,148 | +€37,677 | +56.7% |
| Taxes, remuneration and social security | 45 | €51,021 | €30,118 | -€20,903 | -41.0% |
| Taxes | 450/3 | €34,321 | €27,118 | -€7,203 | -21.0% |
| Remuneration and social security | 454/9 | €16,700 | €3,000 | -€13,700 | -82.0% |
| Other amounts payable | 47/48 | €20,962 | €12,462 | -€8,500 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,103 | €32,942 | +€838 | +2.6% |
| Other operating charges | 640/8 | €4,058 | €6,843 | +€2,785 | +68.6% |
| Gross operating margin | 9900 | €45,040 | €72,123 | +€27,083 | +60.1% |
| Operating profit (loss) | 9901 | €8,879 | €32,339 | +€23,460 | +264.2% |
| Financial income | 75/76B | €4,912 | €4,438 | -€474 | -9.6% |
| Recurring financial income | 75 | €4,912 | €4,438 | -€474 | -9.6% |
| Financial charges | 65/66B | €95 | €651 | +€556 | +583.1% |
| Recurring financial charges | 65 | €95 | €651 | +€556 | +583.1% |
| Profit (loss) for the period before taxes | 9903 | €13,695 | €36,126 | +€22,431 | +163.8% |
| Income taxes | 67/77 | €12,659 | €16,071 | +€3,412 | +27.0% |
| Profit (loss) for the period | 9904 | €1,036 | €20,054 | +€19,018 | +1835.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,036 | €20,054 | +€19,018 | +1835.8% |
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.