QUAEDE 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.
QUAEDE ACKER
Largest movements
- Stocks and contracts +€123,279
up €123,279 (+4.9%), from €2.5m to €2.6m
- Debts after one year +€128,914
up €128,914 (+5.2%), from €2.5m to €2.6m
- Financial charges -€19,597
down €19,597 (-13.7%), from €142,834 to €123,238
- Gross operating margin -€19,506
down €19,506 (-13.7%), from €142,602 to €123,096
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.
Cash bridge derived
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 | €2,507,928 | €2,635,575 | +€127,647 | +5.1% |
| Current assets | 29/58 | €2,507,928 | €2,635,575 | +€127,647 | +5.1% |
| Stocks and contracts in progress | 3 | €2,504,475 | €2,627,755 | +€123,279 | +4.9% |
| Stocks | 30/36 | €2,504,475 | €2,627,755 | +€123,279 | +4.9% |
| Cash at bank and in hand | 54/58 | €3,452 | €7,820 | +€4,368 | +126.5% |
| Total equity and liabilities | 10/49 | €2,507,928 | €2,635,575 | +€127,647 | +5.1% |
| Equity | 10/15 | €17,664 | €16,396 | -€1,269 | -7.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,336 | -€3,604 | -€1,269 | -54.3% |
| Amounts payable | 17/49 | €2,490,263 | €2,619,179 | +€128,916 | +5.2% |
| Amounts payable after more than one year | 17 | €2,490,137 | €2,619,051 | +€128,914 | +5.2% |
| Financial debts | 170/4 | €2,490,137 | €2,619,051 | +€128,914 | +5.2% |
| Amounts payable within one year | 42/48 | €126 | €128 | +€2 | +1.6% |
| Trade debts | 44 | €126 | €128 | +€2 | +1.6% |
| Suppliers | 440/4 | €126 | €128 | +€2 | +1.6% |
| Other operating charges | 640/8 | €1,144 | €1,126 | -€17 | -1.5% |
| Gross operating margin | 9900 | €142,602 | €123,096 | -€19,506 | -13.7% |
| Operating profit (loss) | 9901 | €141,458 | €121,969 | -€19,489 | -13.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €142,834 | €123,238 | -€19,597 | -13.7% |
| Recurring financial charges | 65 | €142,834 | €123,238 | -€19,597 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,376 | -€1,269 | +€107 | +7.8% |
| Profit (loss) for the period | 9904 | -€1,376 | -€1,269 | +€107 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,376 | -€1,269 | +€107 | +7.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.