ETABLISSEMENTS ACO: what changed
What changed
ETABLISSEMENTS ACO
filed annual accounts (NBB)
Net result for the year
-€114
2024 · €168-€282
Equity
-€44,904
2024 · -€44,790-€114
Cash
€48
2024 · €48
Balance sheet total
€94,205
2024 · €149,271-€55,066
Largest movements
Assets
- Receivables within one year -€55,066
down €55,066 (-36.9%), from €149,223 to €94,157
of which Other amounts receivable: -€55,066
Equity and liabilities
- Debts after one year -€55,000
down €55,000 (-28.4%), from €193,462 to €138,462
Income statement
- Gross operating margin -€386
down €386, from €321 to -€66
- Other operating charges -€106
no longer reported in 2025 (was €106)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€168
Gross operating margin
-€386
Other operating charges
+€106
Financial charges
-€2
Result 2025
-€114
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€55,000
Investment
€0
Financing
-€55,000
Cash 2024
€48
From operations (derived)
+€55,000
Net result for the year
-€114
Receivables within one year
+€55,066
Accrued charges and deferred income
+€48
Financing
-€55,000
Debts after one year
-€55,000
Cash 2025
€48
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €149,271 | €94,205 | -€55,066 | -36.9% |
| Current assets | 29/58 | €149,271 | €94,205 | -€55,066 | -36.9% |
| Amounts receivable within one year | 40/41 | €149,223 | €94,157 | -€55,066 | -36.9% |
| Trade receivables | 40 | €18,066 | €18,066 | = | 0.0% |
| Other amounts receivable | 41 | €131,157 | €76,091 | -€55,066 | -42.0% |
| Cash at bank and in hand | 54/58 | €48 | €48 | = | 0.0% |
| Total equity and liabilities | 10/49 | €149,271 | €94,205 | -€55,066 | -36.9% |
| Equity | 10/15 | -€44,790 | -€44,904 | -€114 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€112,990 | -€113,104 | -€114 | -0.1% |
| Amounts payable | 17/49 | €194,061 | €139,109 | -€54,952 | -28.3% |
| Amounts payable after more than one year | 17 | €193,462 | €138,462 | -€55,000 | -28.4% |
| Other amounts payable | 178/9 | €193,462 | €138,462 | -€55,000 | -28.4% |
| Amounts payable within one year | 42/48 | €599 | €599 | = | 0.0% |
| Trade debts | 44 | €599 | €599 | = | 0.0% |
| Suppliers | 440/4 | €599 | €599 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €48 | +€48 | |
| Other operating charges | 640/8 | €106 | - | -€106 | |
| Gross operating margin | 9900 | €321 | -€66 | -€386 | |
| Operating profit (loss) | 9901 | €214 | -€66 | -€280 | |
| Financial charges | 65/66B | €47 | €48 | +€2 | +3.2% |
| Recurring financial charges | 65 | €47 | €48 | +€2 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €168 | -€114 | -€282 | |
| Profit (loss) for the period | 9904 | €168 | -€114 | -€282 | |
| Profit (loss) for the period to be appropriated | 9905 | €168 | -€114 | -€282 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.