ACW – Accountant & Consult: 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.
ACW – Accountant & Consult
Largest movements
- Current investments +€106,122
up €106,122 (+71.1%), from €149,358 to €255,480
- Receivables within one year +€15,977
up €15,977 (+82.1%), from €19,468 to €35,444
- Cash -€15,490
down €15,490 (-57.9%), from €26,756 to €11,267
mainly Current investments (-€106,122) and Receivables within one year (-€15,977)
- Tangible fixed assets -€10,354
down €10,354 (-2.4%), from €422,958 to €412,605
of which Land and buildings: -€12,750
- Reserves +€78,000
up €78,000 (+58.2%), from €134,000 to €212,000
- Tax, wage and social debts +€25,520
up €25,520 (+48.2%), from €52,940 to €78,460
- Gross operating margin -€139,320
down €139,320 (-54.2%), from €256,918 to €117,598
- Depreciation -€58,105
down €58,105 (-81.4%), from €71,340 to €13,235
- Taxes -€20,465
down €20,465 (-43.7%), from €46,844 to €26,379
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.
Derived cash bridge
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 | €626,048 | €720,915 | +€94,867 | +15.2% |
| Fixed assets | 21/28 | €422,959 | €412,606 | -€10,354 | -2.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €422,958 | €412,605 | -€10,354 | -2.4% |
| Land and buildings | 22 | €422,958 | €410,208 | -€12,750 | -3.0% |
| Furniture and vehicles | 24 | - | €2,396 | +€2,396 | |
| Current assets | 29/58 | €203,089 | €308,309 | +€105,220 | +51.8% |
| Amounts receivable within one year | 40/41 | €19,468 | €35,444 | +€15,977 | +82.1% |
| Trade receivables | 40 | €19,468 | €35,444 | +€15,977 | +82.1% |
| Current investments | 50/53 | €149,358 | €255,480 | +€106,122 | +71.1% |
| Cash at bank and in hand | 54/58 | €26,756 | €11,267 | -€15,490 | -57.9% |
| Deferred charges and accrued income | 490/1 | €7,507 | €6,118 | -€1,389 | -18.5% |
| Total equity and liabilities | 10/49 | €626,048 | €720,915 | +€94,867 | +15.2% |
| Equity | 10/15 | €139,495 | €217,090 | +€77,595 | +55.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €134,000 | €212,000 | +€78,000 | +58.2% |
| Distributable reserves | 133 | €134,000 | €212,000 | +€78,000 | +58.2% |
| Profit (loss) carried forward | 14 | €495 | €90 | -€405 | -81.9% |
| Amounts payable | 17/49 | €486,553 | €503,825 | +€17,272 | +3.5% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €85,973 | €103,825 | +€17,852 | +20.8% |
| Financial debts | 43 | - | €871 | +€871 | |
| Credit institutions | 430/8 | - | €871 | +€871 | |
| Trade debts | 44 | €30,456 | €24,149 | -€6,307 | -20.7% |
| Suppliers | 440/4 | €30,456 | €24,149 | -€6,307 | -20.7% |
| Taxes, remuneration and social security | 45 | €52,940 | €78,460 | +€25,520 | +48.2% |
| Taxes | 450/3 | €52,940 | €78,460 | +€25,520 | +48.2% |
| Other amounts payable | 47/48 | €2,577 | €345 | -€2,232 | -86.6% |
| Accrued charges and deferred income | 492/3 | €580 | - | -€580 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,340 | €13,235 | -€58,105 | -81.4% |
| Other operating charges | 640/8 | €2,829 | €1,845 | -€983 | -34.8% |
| Gross operating margin | 9900 | €256,918 | €117,598 | -€139,320 | -54.2% |
| Operating profit (loss) | 9901 | €182,750 | €102,518 | -€80,232 | -43.9% |
| Financial income | 75/76B | €1,261 | €1,546 | +€285 | +22.6% |
| Recurring financial income | 75 | €1,261 | €1,546 | +€285 | +22.6% |
| Financial charges | 65/66B | €95 | €90 | -€5 | -4.8% |
| Recurring financial charges | 65 | €95 | €90 | -€5 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €183,917 | €103,974 | -€79,943 | -43.5% |
| Income taxes | 67/77 | €46,844 | €26,379 | -€20,465 | -43.7% |
| Profit (loss) for the period | 9904 | €137,072 | €77,595 | -€59,478 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €137,072 | €77,595 | -€59,478 | -43.4% |
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 28 October 2026 via checked.be.