GROUPE ACDF: 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.
GROUPE ACDF
Largest movements
- Tangible fixed assets -€178,963
down €178,963 (-6.0%), from €3.0m to €2.8m
of which Land and buildings: -€168,205
- Cash +€94,948
up €94,948 (+29.4%), from €323,031 to €417,979
mainly Depreciation (+€178,963) and Net result for the year (+€91,595)
- Debts after one year -€240,313
down €240,313 (-8.9%), from €2.7m to €2.5m
of which Financial debts: -€219,875
- Reserves +€91,595
up €91,595 (+37.3%), from €245,456 to €337,051
- Trade debts +€56,365
new in 2024: €56,365
- Gross operating margin -€29,744
down €29,744 (-7.3%), from €406,986 to €377,243
- Taxes +€26,875
up €26,875 (+816%), from €3,295 to €30,170
- Other operating charges +€13,169
up €13,169 (+28.0%), from €46,995 to €60,165
- Financial charges -€7,860
down €7,860 (-19.7%), from €39,810 to €31,950
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,359,356 | €3,298,416 | -€60,940 | -1.8% |
| Fixed assets | 21/28 | €3,016,481 | €2,837,518 | -€178,963 | -5.9% |
| Tangible fixed assets | 22/27 | €3,005,381 | €2,826,418 | -€178,963 | -6.0% |
| Land and buildings | 22 | €2,989,244 | €2,821,039 | -€168,205 | -5.6% |
| Plant, machinery and equipment | 23 | €16,137 | €5,379 | -€10,758 | -66.7% |
| Financial fixed assets | 28 | €11,100 | €11,100 | = | 0.0% |
| Current assets | 29/58 | €342,875 | €460,898 | +€118,023 | +34.4% |
| Amounts receivable within one year | 40/41 | €19,433 | €42,507 | +€23,074 | +119% |
| Trade receivables | 40 | €19,433 | €42,507 | +€23,074 | +119% |
| Cash at bank and in hand | 54/58 | €323,031 | €417,979 | +€94,948 | +29.4% |
| Deferred charges and accrued income | 490/1 | €411 | €413 | +€1 | +0.3% |
| Total equity and liabilities | 10/49 | €3,359,356 | €3,298,416 | -€60,940 | -1.8% |
| Equity | 10/15 | €429,935 | €510,483 | +€80,548 | +18.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Contributions outside capital | 11 | €50,000 | €50,000 | = | 0.0% |
| Other | 1109/19 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €245,456 | €337,051 | +€91,595 | +37.3% |
| Distributable reserves | 133 | €245,456 | €337,051 | +€91,595 | +37.3% |
| Investment grants | 15 | €134,479 | €123,432 | -€11,047 | -8.2% |
| Amounts payable | 17/49 | €2,929,421 | €2,787,933 | -€141,488 | -4.8% |
| Amounts payable after more than one year | 17 | €2,699,773 | €2,459,460 | -€240,313 | -8.9% |
| Financial debts | 170/4 | €2,666,867 | €2,446,992 | -€219,875 | -8.2% |
| Other amounts payable | 178/9 | €32,906 | €12,468 | -€20,438 | -62.1% |
| Amounts payable within one year | 42/48 | €212,598 | €317,673 | +€105,075 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €206,279 | €228,114 | +€21,834 | +10.6% |
| Trade debts | 44 | - | €56,365 | +€56,365 | |
| Suppliers | 440/4 | - | €56,365 | +€56,365 | |
| Taxes, remuneration and social security | 45 | €6,319 | €33,195 | +€26,876 | +425% |
| Taxes | 450/3 | €6,319 | €33,195 | +€26,876 | +425% |
| Accrued charges and deferred income | 492/3 | €17,050 | €10,800 | -€6,250 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178,963 | €178,963 | = | 0.0% |
| Other operating charges | 640/8 | €46,995 | €60,165 | +€13,169 | +28.0% |
| Gross operating margin | 9900 | €406,986 | €377,243 | -€29,744 | -7.3% |
| Operating profit (loss) | 9901 | €181,028 | €138,115 | -€42,913 | -23.7% |
| Financial income | 75/76B | €13,329 | €15,599 | +€2,271 | +17.0% |
| Recurring financial income | 75 | €13,329 | €15,599 | +€2,271 | +17.0% |
| Financial charges | 65/66B | €39,810 | €31,950 | -€7,860 | -19.7% |
| Recurring financial charges | 65 | €39,810 | €31,950 | -€7,860 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €154,547 | €121,765 | -€32,782 | -21.2% |
| Income taxes | 67/77 | €3,295 | €30,170 | +€26,875 | +816% |
| Profit (loss) for the period | 9904 | €151,252 | €91,595 | -€59,657 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €151,252 | €91,595 | -€59,657 | -39.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.