ACW TECH: 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.
ACW TECH
Largest movements
- Tangible fixed assets -€20,962
down €20,962 (-22.4%), from €93,749 to €72,788
of which Furniture and vehicles: -€20,557
- Cash -€13,917
down €13,917 (-43.5%), from €31,960 to €18,043
mainly Trade debts (-€26,421) and Other debts (-€7,535)
- Stocks and contracts +€2,770
up €2,770 (+52.6%), from €5,264 to €8,034
- Trade debts -€26,421
down €26,421 (-86.7%), from €30,486 to €4,065
- Other debts -€7,535
down €7,535 (-63.8%), from €11,816 to €4,281
- Depreciation +€11,622
up €11,622 (+127.4%), from €9,119 to €20,741
- Taxes +€765
up €765 (+157.4%), from €486 to €1,251
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 | €158,697 | €126,675 | -€32,022 | -20.2% |
| Fixed assets | 21/28 | €93,787 | €72,826 | -€20,962 | -22.4% |
| Tangible fixed assets | 22/27 | €93,749 | €72,788 | -€20,962 | -22.4% |
| Plant, machinery and equipment | 23 | €1,359 | €955 | -€404 | -29.7% |
| Furniture and vehicles | 24 | €92,390 | €71,833 | -€20,557 | -22.3% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €64,910 | €53,849 | -€11,060 | -17.0% |
| Stocks and contracts in progress | 3 | €5,264 | €8,034 | +€2,770 | +52.6% |
| Stocks | 30/36 | €5,264 | €8,034 | +€2,770 | +52.6% |
| Amounts receivable within one year | 40/41 | €25,983 | €26,279 | +€295 | +1.1% |
| Trade receivables | 40 | €22,718 | €24,236 | +€1,518 | +6.7% |
| Other amounts receivable | 41 | €3,266 | €2,043 | -€1,223 | -37.4% |
| Cash at bank and in hand | 54/58 | €31,960 | €18,043 | -€13,917 | -43.5% |
| Deferred charges and accrued income | 490/1 | €1,703 | €1,494 | -€209 | -12.3% |
| Total equity and liabilities | 10/49 | €158,697 | €126,675 | -€32,022 | -20.2% |
| Equity | 10/15 | €113,910 | €114,593 | +€683 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,850 | €106,533 | +€683 | +0.6% |
| Amounts payable | 17/49 | €44,788 | €12,082 | -€32,705 | -73.0% |
| Amounts payable within one year | 42/48 | €44,788 | €12,082 | -€32,705 | -73.0% |
| Trade debts | 44 | €30,486 | €4,065 | -€26,421 | -86.7% |
| Suppliers | 440/4 | €30,486 | €4,065 | -€26,421 | -86.7% |
| Taxes, remuneration and social security | 45 | €2,486 | €3,737 | +€1,251 | +50.3% |
| Taxes | 450/3 | €486 | €1,737 | +€1,251 | +257.4% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,816 | €4,281 | -€7,535 | -63.8% |
| Non-recurring operating income | 76A | €28,926 | €0 | -€28,926 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,119 | €20,741 | +€11,622 | +127.4% |
| Other operating charges | 640/8 | €1,392 | €1,414 | +€22 | +1.6% |
| Gross operating margin | 9900 | €24,312 | €24,303 | -€9 | 0.0% |
| Operating profit (loss) | 9901 | €13,801 | €2,148 | -€11,653 | -84.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €176 | €214 | +€38 | +21.8% |
| Recurring financial charges | 65 | €176 | €214 | +€38 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | €13,625 | €1,934 | -€11,691 | -85.8% |
| Income taxes | 67/77 | €486 | €1,251 | +€765 | +157.4% |
| Profit (loss) for the period | 9904 | €13,139 | €683 | -€12,456 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,139 | €683 | -€12,456 | -94.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.