ACVS: 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.
ACVS
Largest movements
- Tangible fixed assets -€22,148
down €22,148 (-8.4%), from €264,407 to €242,259
of which Land and buildings: -€15,142
- Cash +€19,412
up €19,412 (+54.5%), from €35,641 to €55,054
mainly Depreciation (+€22,148) and Receivables within one year (+€11,754)
- Receivables within one year -€11,754
down €11,754 (-52.7%), from €22,304 to €10,550
- Debts after one year -€15,886
down €15,886 (-5.7%), from €278,311 to €262,425
- Depreciation -€4,581
down €4,581 (-17.1%), from €26,729 to €22,148
- Other operating charges +€1,492
up €1,492 (+70.4%), from €2,119 to €3,611
- Financial charges +€1,467
up €1,467 (+36.1%), from €4,060 to €5,527
- Gross operating margin +€449
up €449 (+1.4%), from €31,279 to €31,728
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 | €327,771 | €313,361 | -€14,410 | -4.4% |
| Fixed assets | 21/28 | €264,407 | €242,259 | -€22,148 | -8.4% |
| Tangible fixed assets | 22/27 | €264,407 | €242,259 | -€22,148 | -8.4% |
| Land and buildings | 22 | €256,460 | €241,318 | -€15,142 | -5.9% |
| Plant, machinery and equipment | 23 | €1,605 | €508 | -€1,097 | -68.3% |
| Furniture and vehicles | 24 | €6,342 | €433 | -€5,909 | -93.2% |
| Current assets | 29/58 | €63,363 | €71,102 | +€7,738 | +12.2% |
| Stocks and contracts in progress | 3 | €3,975 | €3,975 | = | 0.0% |
| Stocks | 30/36 | €3,975 | €3,975 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,304 | €10,550 | -€11,754 | -52.7% |
| Trade receivables | 40 | €22,304 | €10,550 | -€11,754 | -52.7% |
| Cash at bank and in hand | 54/58 | €35,641 | €55,054 | +€19,412 | +54.5% |
| Deferred charges and accrued income | 490/1 | €1,443 | €1,523 | +€80 | +5.6% |
| Total equity and liabilities | 10/49 | €327,771 | €313,361 | -€14,410 | -4.4% |
| Equity | 10/15 | €29,495 | €29,992 | +€497 | +1.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,068 | €28,068 | = | 0.0% |
| Distributable reserves | 133 | €28,068 | €28,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,573 | -€1,075 | +€497 | +31.6% |
| Amounts payable | 17/49 | €298,276 | €283,368 | -€14,907 | -5.0% |
| Amounts payable after more than one year | 17 | €278,311 | €262,425 | -€15,886 | -5.7% |
| Financial debts | 170/4 | €278,311 | €262,425 | -€15,886 | -5.7% |
| Amounts payable within one year | 42/48 | €17,775 | €18,684 | +€909 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €15,698 | €15,886 | +€188 | +1.2% |
| Trade debts | 44 | €515 | €1,846 | +€1,331 | +258.5% |
| Suppliers | 440/4 | €515 | €1,846 | +€1,331 | +258.5% |
| Taxes, remuneration and social security | 45 | €1,562 | €952 | -€610 | -39.1% |
| Taxes | 450/3 | €1,562 | €952 | -€610 | -39.1% |
| Accrued charges and deferred income | 492/3 | €2,189 | €2,260 | +€70 | +3.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,729 | €22,148 | -€4,581 | -17.1% |
| Other operating charges | 640/8 | €2,119 | €3,611 | +€1,492 | +70.4% |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €31,279 | €31,728 | +€449 | +1.4% |
| Operating profit (loss) | 9901 | €2,431 | €5,964 | +€3,532 | +145.3% |
| Financial income | 75/76B | €0 | €61 | +€61 | |
| Recurring financial income | 75 | €0 | €61 | +€61 | |
| Financial charges | 65/66B | €4,060 | €5,527 | +€1,467 | +36.1% |
| Recurring financial charges | 65 | €4,060 | €5,527 | +€1,467 | +36.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,629 | €497 | +€2,126 | |
| Profit (loss) for the period | 9904 | -€1,629 | €497 | +€2,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,629 | €497 | +€2,126 |
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 3 October 2026 via checked.be.