GERARD VAN ACKER: 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.
GERARD VAN ACKER
Largest movements
- Current assets +€44,360
up €44,360 (+11.8%), from €375,755 to €420,115
of which Cash: +€25,521
- Tangible fixed assets -€31,300
no longer reported in 2018 (was €31,300)
- Equity +€31,001
up €31,001 (+8.2%), from €375,927 to €406,928
of which Reserves: +€31,438
- Debts -€23,341
down €23,341 (-75.0%), from €31,128 to €7,787
- Provisions +€5,400
new in 2018: €5,400
- Gross operating margin -€18,844
down €18,844 (-20.1%), from €93,705 to €74,861
- Depreciation -€8,592
no longer reported in 2018 (was €8,592)
- Taxes -€3,045
down €3,045 (-9.6%), from €31,719 to €28,674
From the 2017 result to the 2018 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2017 | 2018 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,055 | €420,115 | +€13,060 | +3.2% |
| Fixed assets | 21/28 | €31,300 | - | -€31,300 | |
| Tangible fixed assets | 22/27 | €31,300 | - | -€31,300 | |
| Current assets | 29/58 | €375,755 | €420,115 | +€44,360 | +11.8% |
| Amounts receivable within one year | 40/41 | €42,805 | €65,081 | +€22,276 | +52.0% |
| Cash at bank and in hand | 54/58 | €329,066 | €354,588 | +€25,521 | +7.8% |
| Total equity and liabilities | 10/49 | €407,055 | €420,115 | +€13,060 | +3.2% |
| Equity | 10/15 | €375,927 | €406,928 | +€31,001 | +8.2% |
| Contributions | 10/11 | €113,200 | €113,200 | = | 0.0% |
| Reserves | 13 | €262,290 | €293,728 | +€31,438 | +12.0% |
| Profit (loss) carried forward | 14 | €437 | €408 | -€29 | -6.6% |
| Provisions and deferred taxes | 16 | - | €5,400 | +€5,400 | |
| Amounts payable | 17/49 | €31,128 | €7,787 | -€23,341 | -75.0% |
| Amounts payable within one year | 42/48 | €30,935 | €7,787 | -€23,148 | -74.8% |
| Trade debts | 44 | €3,116 | €1,342 | -€1,775 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,592 | - | -€8,592 | |
| Gross operating margin | 9900 | €93,705 | €74,861 | -€18,844 | -20.1% |
| Operating profit (loss) | 9901 | €81,521 | €59,275 | -€22,246 | -27.3% |
| Recurring financial income | 75 | €348 | €536 | +€188 | +53.9% |
| Recurring financial charges | 65 | €121 | €136 | +€15 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €81,748 | €59,675 | -€22,073 | -27.0% |
| Income taxes | 67/77 | €31,719 | €28,674 | -€3,045 | -9.6% |
| Profit (loss) for the period | 9904 | €50,029 | €31,001 | -€19,028 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,029 | €41,001 | -€9,028 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2017 and 30 June 2018. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.