B. VAN ACKER: 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.
B. VAN ACKER
Largest movements
- Tangible fixed assets +€37,180
up €37,180 (+136%), from €27,290 to €64,470
of which Furniture and vehicles: +€38,360
- Receivables within one year +€14,789
up €14,789 (+26.0%), from €56,833 to €71,623
of which Trade receivables: +€10,812
- Cash -€2,627
down €2,627 (-21.1%), from €12,438 to €9,811
mainly Investment in fixed assets (net) (-€49,690) and Receivables within one year (-€14,789)
- Deferred charges and accrued income +€2,453
up €2,453 (+229%), from €1,072 to €3,526
- Debts after one year +€22,813
new in 2025: €22,813
- Other debts +€13,693
up €13,693 (+16.1%), from €85,034 to €98,727
- Current portion of long-term debt +€6,029
new in 2025: €6,029
- Profit (loss) carried forward +€4,816
no longer reported in 2025 (was -€4,816)
- Trade debts +€2,924
up €2,924 (+11.9%), from €24,660 to €27,585
- Gross operating margin +€20,883
up €20,883 (+920%), from €2,271 to €23,154
- Depreciation +€7,499
up €7,499 (+150%), from €5,011 to €12,510
- Taxes +€1,058
new in 2025: €1,058
- Other operating charges +€1,013
up €1,013 (+50.6%), from €2,000 to €3,013
- Financial charges +€977
up €977 (+1,292%), from €76 to €1,053
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 | €109,005 | €160,087 | +€51,082 | +46.9% |
| Fixed assets | 21/28 | €27,290 | €64,470 | +€37,180 | +136% |
| Tangible fixed assets | 22/27 | €27,290 | €64,470 | +€37,180 | +136% |
| Plant, machinery and equipment | 23 | €6,608 | €5,428 | -€1,180 | -17.9% |
| Furniture and vehicles | 24 | €20,682 | €59,042 | +€38,360 | +185% |
| Current assets | 29/58 | €81,715 | €95,617 | +€13,902 | +17.0% |
| Stocks and contracts in progress | 3 | €11,371 | €10,657 | -€714 | -6.3% |
| Stocks | 30/36 | €11,371 | €10,657 | -€714 | -6.3% |
| Amounts receivable within one year | 40/41 | €56,833 | €71,623 | +€14,789 | +26.0% |
| Trade receivables | 40 | €48,796 | €59,607 | +€10,812 | +22.2% |
| Other amounts receivable | 41 | €8,038 | €12,016 | +€3,978 | +49.5% |
| Cash at bank and in hand | 54/58 | €12,438 | €9,811 | -€2,627 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,072 | €3,526 | +€2,453 | +229% |
| Total equity and liabilities | 10/49 | €109,005 | €160,087 | +€51,082 | +46.9% |
| Equity | 10/15 | -€2,816 | €3,109 | +€5,925 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €1,109 | +€1,109 | |
| Distributable reserves | 133 | - | €1,109 | +€1,109 | |
| Profit (loss) carried forward | 14 | -€4,816 | - | +€4,816 | |
| Amounts payable | 17/49 | €111,821 | €156,978 | +€45,157 | +40.4% |
| Amounts payable after more than one year | 17 | - | €22,813 | +€22,813 | |
| Financial debts | 170/4 | - | €22,813 | +€22,813 | |
| Amounts payable within one year | 42/48 | €111,821 | €134,164 | +€22,343 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,029 | +€6,029 | |
| Trade debts | 44 | €24,660 | €27,585 | +€2,924 | +11.9% |
| Suppliers | 440/4 | €24,660 | €27,585 | +€2,924 | +11.9% |
| Advances received on contracts in progress | 46 | - | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €2,126 | €1,573 | -€553 | -26.0% |
| Taxes | 450/3 | €2,126 | €1,573 | -€553 | -26.0% |
| Other amounts payable | 47/48 | €85,034 | €98,727 | +€13,693 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,011 | €12,510 | +€7,499 | +150% |
| Other operating charges | 640/8 | €2,000 | €3,013 | +€1,013 | +50.6% |
| Gross operating margin | 9900 | €2,271 | €23,154 | +€20,883 | +920% |
| Operating profit (loss) | 9901 | -€4,740 | €7,631 | +€12,371 | |
| Financial income | 75/76B | €0 | €405 | +€405 | +2,023,950% |
| Recurring financial income | 75 | €0 | €405 | +€405 | +2,023,950% |
| Financial charges | 65/66B | €76 | €1,053 | +€977 | +1,292% |
| Recurring financial charges | 65 | €76 | €1,053 | +€977 | +1,292% |
| Profit (loss) for the period before taxes | 9903 | -€4,816 | €6,983 | +€11,799 | |
| Income taxes | 67/77 | - | €1,058 | +€1,058 | |
| Profit (loss) for the period | 9904 | -€4,816 | €5,925 | +€10,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,816 | €5,925 | +€10,741 |
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 14 October 2026 via checked.be.