HUBERT 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.
HUBERT VAN ACKER
Largest movements
- Cash +€25,287
up €25,287 (+62.9%), from €40,186 to €65,473
mainly Net result for the year (+€28,918) and Short-term financial debts (+€24,546)
- Receivables within one year +€18,531
up €18,531 (+8.1%), from €227,874 to €246,405
of which Other amounts receivable: +€19,489
- Reserves +€28,918
up €28,918 (+8.8%), from €326,821 to €355,739
- Short-term financial debts +€24,546
new in 2025: €24,546
- Tax, wage and social debts -€7,907
down €7,907 (-52.6%), from €15,044 to €7,137
- Gross operating margin +€25,580
up €25,580 (+56.3%), from €45,469 to €71,049
- Depreciation -€1,497
down €1,497 (-64.0%), from €2,340 to €843
- Taxes -€1,329
down €1,329 (-6.7%), from €19,932 to €18,604
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 | €367,875 | €412,307 | +€44,432 | +12.1% |
| Fixed assets | 21/28 | €10,502 | €7,835 | -€2,667 | -25.4% |
| Tangible fixed assets | 22/27 | €10,502 | €7,835 | -€2,667 | -25.4% |
| Furniture and vehicles | 24 | €195 | €1,953 | +€1,758 | +904% |
| Other tangible fixed assets | 26 | €10,308 | €5,882 | -€4,425 | -42.9% |
| Current assets | 29/58 | €357,373 | €404,472 | +€47,099 | +13.2% |
| Amounts receivable after more than one year | 29 | €88,057 | €91,579 | +€3,522 | +4.0% |
| Other amounts receivable | 291 | €88,057 | €91,579 | +€3,522 | +4.0% |
| Amounts receivable within one year | 40/41 | €227,874 | €246,405 | +€18,531 | +8.1% |
| Trade receivables | 40 | €4,607 | €3,650 | -€957 | -20.8% |
| Other amounts receivable | 41 | €223,266 | €242,755 | +€19,489 | +8.7% |
| Cash at bank and in hand | 54/58 | €40,186 | €65,473 | +€25,287 | +62.9% |
| Deferred charges and accrued income | 490/1 | €1,256 | €1,015 | -€241 | -19.2% |
| Total equity and liabilities | 10/49 | €367,875 | €412,307 | +€44,432 | +12.1% |
| Equity | 10/15 | €347,630 | €376,548 | +€28,918 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €326,821 | €355,739 | +€28,918 | +8.8% |
| Distributable reserves | 133 | €326,821 | €355,739 | +€28,918 | +8.8% |
| Profit (loss) carried forward | 14 | €2,208 | €2,208 | = | 0.0% |
| Amounts payable | 17/49 | €20,245 | €35,759 | +€15,514 | +76.6% |
| Amounts payable within one year | 42/48 | €20,245 | €34,982 | +€14,736 | +72.8% |
| Financial debts | 43 | - | €24,546 | +€24,546 | |
| Credit institutions | 430/8 | - | €24,546 | +€24,546 | |
| Trade debts | 44 | €5,201 | €3,299 | -€1,903 | -36.6% |
| Suppliers | 440/4 | €5,201 | €3,299 | -€1,903 | -36.6% |
| Taxes, remuneration and social security | 45 | €15,044 | €7,137 | -€7,907 | -52.6% |
| Taxes | 450/3 | €15,044 | €7,137 | -€7,907 | -52.6% |
| Accrued charges and deferred income | 492/3 | - | €778 | +€778 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,340 | €843 | -€1,497 | -64.0% |
| Other operating charges | 640/8 | €2,024 | €2,094 | +€70 | +3.5% |
| Non-recurring operating charges | 66A | - | €28,258 | +€28,258 | |
| Gross operating margin | 9900 | €45,469 | €71,049 | +€25,580 | +56.3% |
| Operating profit (loss) | 9901 | €41,105 | €39,853 | -€1,251 | -3.0% |
| Financial income | 75/76B | €9,734 | €9,081 | -€654 | -6.7% |
| Recurring financial income | 75 | €9,734 | €9,081 | -€654 | -6.7% |
| Financial charges | 65/66B | €1,098 | €1,413 | +€314 | +28.6% |
| Recurring financial charges | 65 | €1,098 | €1,413 | +€314 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €49,741 | €47,522 | -€2,219 | -4.5% |
| Income taxes | 67/77 | €19,932 | €18,604 | -€1,329 | -6.7% |
| Profit (loss) for the period | 9904 | €29,808 | €28,918 | -€890 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,808 | €28,918 | -€890 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.