JOAN ACKERMANS: what changed
What changed
JOAN ACKERMANS
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
€21,169
2018 · €57,306-€36,137
Equity
€904,585
2018 · €903,016+€1,569
Cash
€62,908
2018 · €105,747-€42,839
Balance sheet total
€955,449
2018 · €976,827-€21,378
Largest movements
Assets
- Current investments +€64,999
up €64,999 (+11.3%), from €577,033 to €642,032
- Tangible fixed assets -€50,841
down €50,841 (-26.1%), from €194,744 to €143,903
of which Furniture and vehicles: -€44,161
- Cash -€42,839
down €42,839 (-40.5%), from €105,747 to €62,908
mainly Current investments (-€64,999) and Contributions, distributions and other (-€19,600)
- Receivables within one year +€17,915
up €17,915 (+49.2%), from €36,430 to €54,345
Equity and liabilities
- Trade debts -€13,641
down €13,641 (-44.1%), from €30,915 to €17,274
Income statement
- Gross operating margin -€64,648
down €64,648 (-23.9%), from €270,277 to €205,629
- Staff costs -€16,215
down €16,215 (-11.7%), from €138,700 to €122,485
- Taxes -€11,378
down €11,378 (-51.3%), from €22,182 to €10,804
- Depreciation -€8,120
down €8,120 (-16.0%), from €50,677 to €42,557
Change in the result, 2018 to 2019
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 2018
€57,306
Gross operating margin
-€64,648
Staff costs
+€16,215
Depreciation
+€8,120
Other operating charges
+€326
Other operating items
-€6,884
Financial income
-€93
Financial charges
-€551
Taxes
+€11,378
Result 2019
€21,169
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2018 and 2019 balance sheets and the 2019 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€33,476
Investment
-€56,715
Financing
-€19,600
Cash 2018
€105,747
From operations (derived)
+€33,476
Net result for the year
+€21,169
Depreciation
+€42,557
Stocks and contracts
+€7,376
Receivables within one year
-€17,915
Deferred charges and accrued income
+€3,236
Trade debts
-€13,641
Tax, wage and social debts
+€35
Advances received
-€800
Other debts
-€7,000
Accrued charges and deferred income
-€1,541
Investment (derived)
-€56,715
Investment in fixed assets (net)
+€8,284
Current investments
-€64,999
Financing
-€19,600
Contributions, distributions and other
-€19,600
Cash 2019
€62,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €976,827 | €955,449 | -€21,378 | -2.2% |
| Fixed assets | 21/28 | €194,939 | €144,098 | -€50,841 | -26.1% |
| Tangible fixed assets | 22/27 | €194,744 | €143,903 | -€50,841 | -26.1% |
| Land and buildings | 22 | €68,099 | €62,258 | -€5,841 | -8.6% |
| Plant, machinery and equipment | 23 | €3,346 | €2,507 | -€839 | -25.1% |
| Furniture and vehicles | 24 | €123,299 | €79,138 | -€44,161 | -35.8% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €781,888 | €811,351 | +€29,463 | +3.8% |
| Stocks and contracts in progress | 3 | €56,497 | €49,121 | -€7,376 | -13.1% |
| Stocks | 30/36 | €56,497 | €49,121 | -€7,376 | -13.1% |
| Amounts receivable within one year | 40/41 | €36,430 | €54,345 | +€17,915 | +49.2% |
| Trade receivables | 40 | €21,183 | €22,600 | +€1,417 | +6.7% |
| Other amounts receivable | 41 | €25,247 | €31,745 | +€6,498 | +25.7% |
| Current investments | 50/53 | €577,033 | €642,032 | +€64,999 | +11.3% |
| Cash at bank and in hand | 54/58 | €105,747 | €62,908 | -€42,839 | -40.5% |
| Deferred charges and accrued income | 490/1 | €6,181 | €2,945 | -€3,236 | -52.4% |
| Total equity and liabilities | 10/49 | €976,827 | €955,449 | -€21,378 | -2.2% |
| Equity | 10/15 | €903,016 | €904,585 | +€1,569 | +0.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €859,016 | €860,585 | +€1,569 | +0.2% |
| Amounts payable | 17/49 | €73,811 | €50,864 | -€22,947 | -31.1% |
| Amounts payable within one year | 42/48 | €71,153 | €49,747 | -€21,406 | -30.1% |
| Trade debts | 44 | €30,915 | €17,274 | -€13,641 | -44.1% |
| Suppliers | 440/4 | €30,915 | €17,274 | -€13,641 | -44.1% |
| Advances received on contracts in progress | 46 | €2,650 | €1,850 | -€800 | -30.2% |
| Taxes, remuneration and social security | 45 | €2,588 | €2,623 | +€35 | +1.4% |
| Remuneration and social security | 454/9 | €2,588 | €2,623 | +€35 | +1.4% |
| Other amounts payable | 47/48 | €35,000 | €28,000 | -€7,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €2,658 | €1,117 | -€1,541 | -58.0% |
| Remuneration, social security and pensions | 62 | €138,700 | €122,485 | -€16,215 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,677 | €42,557 | -€8,120 | -16.0% |
| Other operating charges | 640/8 | €1,815 | €1,489 | -€326 | -18.0% |
| Non-recurring operating charges | 66A | - | €6,884 | +€6,884 | |
| Gross operating margin | 9900 | €270,277 | €205,629 | -€64,648 | -23.9% |
| Operating profit (loss) | 9901 | €79,085 | €32,214 | -€46,871 | -59.3% |
| Financial income | 75/76B | €412 | €319 | -€93 | -22.6% |
| Recurring financial income | 75 | €412 | €319 | -€93 | -22.6% |
| Financial charges | 65/66B | €9 | €560 | +€551 | +6,122% |
| Recurring financial charges | 65 | €9 | €560 | +€551 | +6,122% |
| Profit (loss) for the period before taxes | 9903 | €79,488 | €31,973 | -€47,515 | -59.8% |
| Income taxes | 67/77 | €22,182 | €10,804 | -€11,378 | -51.3% |
| Profit (loss) for the period | 9904 | €57,306 | €21,169 | -€36,137 | -63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,306 | €21,169 | -€36,137 | -63.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.