VAN ACKER & BAEKE: 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.
VAN ACKER & BAEKE
Largest movements
- Receivables within one year +€5,860
up €5,860 (+9.2%), from €63,584 to €69,444
of which Other amounts receivable: +€24,289
- Tangible fixed assets -€5,665
down €5,665 (-2.1%), from €269,280 to €263,615
of which Land and buildings: -€6,109
- Other debts -€26,573
down €26,573 (-99.1%), from €26,823 to €250
- Profit (loss) carried forward +€23,683
up €23,683, from -€23,683 to €0
- Reserves -€16,034
down €16,034 (-4.3%), from €374,875 to €358,841
- Trade debts +€13,317
up €13,317 (+254%), from €5,243 to €18,560
- Tax, wage and social debts +€11,359
up €11,359 (+98.2%), from €11,571 to €22,931
of which Taxes: +€10,808
- Gross operating margin +€30,576
up €30,576 (+29.4%), from €104,130 to €134,705
- Taxes +€15,180
up €15,180, from -€4,329 to €10,851
- Staff costs +€9,484
up €9,484 (+17.6%), from €53,733 to €63,216
- Depreciation -€5,552
down €5,552 (-41.6%), from €13,360 to €7,808
- Financial income +€2,118
up €2,118 (+471%), from €449 to €2,568
of which Financial income: +€2,118
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 | €474,827 | €476,569 | +€1,742 | +0.4% |
| Fixed assets | 21/28 | €269,491 | €263,826 | -€5,665 | -2.1% |
| Tangible fixed assets | 22/27 | €269,280 | €263,615 | -€5,665 | -2.1% |
| Land and buildings | 22 | €257,829 | €251,720 | -€6,109 | -2.4% |
| Furniture and vehicles | 24 | €9,381 | €10,978 | +€1,598 | +17.0% |
| Other tangible fixed assets | 26 | €2,070 | €917 | -€1,153 | -55.7% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €205,337 | €212,743 | +€7,407 | +3.6% |
| Stocks and contracts in progress | 3 | €25,883 | €28,525 | +€2,642 | +10.2% |
| Stocks | 30/36 | €25,883 | €28,525 | +€2,642 | +10.2% |
| Amounts receivable within one year | 40/41 | €63,584 | €69,444 | +€5,860 | +9.2% |
| Trade receivables | 40 | €60,541 | €42,111 | -€18,430 | -30.4% |
| Other amounts receivable | 41 | €3,044 | €27,333 | +€24,289 | +798% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €105,798 | €105,803 | +€4 | 0.0% |
| Deferred charges and accrued income | 490/1 | €10,071 | €8,971 | -€1,100 | -10.9% |
| Total equity and liabilities | 10/49 | €474,827 | €476,569 | +€1,742 | +0.4% |
| Equity | 10/15 | €369,792 | €377,441 | +€7,649 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €374,875 | €358,841 | -€16,034 | -4.3% |
| Distributable reserves | 133 | €374,875 | €358,841 | -€16,034 | -4.3% |
| Profit (loss) carried forward | 14 | -€23,683 | €0 | +€23,683 | |
| Amounts payable | 17/49 | €105,035 | €99,128 | -€5,907 | -5.6% |
| Amounts payable after more than one year | 17 | €55,027 | €48,607 | -€6,420 | -11.7% |
| Financial debts | 170/4 | €55,027 | €48,607 | -€6,420 | -11.7% |
| Amounts payable within one year | 42/48 | €50,008 | €49,018 | -€990 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €6,169 | €6,420 | +€251 | +4.1% |
| Financial debts | 43 | €201 | €857 | +€655 | +326% |
| Credit institutions | 430/8 | €201 | €0 | -€201 | -100% |
| Other loans | 439 | - | €857 | +€857 | |
| Trade debts | 44 | €5,243 | €18,560 | +€13,317 | +254% |
| Suppliers | 440/4 | €5,243 | €18,560 | +€13,317 | +254% |
| Taxes, remuneration and social security | 45 | €11,571 | €22,931 | +€11,359 | +98.2% |
| Taxes | 450/3 | €7,727 | €18,535 | +€10,808 | +140% |
| Remuneration and social security | 454/9 | €3,845 | €4,396 | +€551 | +14.3% |
| Other amounts payable | 47/48 | €26,823 | €250 | -€26,573 | -99.1% |
| Accrued charges and deferred income | 492/3 | - | €1,504 | +€1,504 | |
| Non-recurring operating income | 76A | - | €3,426 | +€3,426 | |
| Remuneration, social security and pensions | 62 | €53,733 | €63,216 | +€9,484 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,360 | €7,808 | -€5,552 | -41.6% |
| Other operating charges | 640/8 | €3,239 | €3,946 | +€707 | +21.8% |
| Non-recurring operating charges | 66A | €0 | €1,130 | +€1,130 | |
| Gross operating margin | 9900 | €104,130 | €134,705 | +€30,576 | +29.4% |
| Operating profit (loss) | 9901 | €33,798 | €58,605 | +€24,806 | +73.4% |
| Financial income | 75/76B | €449 | €2,568 | +€2,118 | +471% |
| Recurring financial income | 75 | €449 | €2,568 | +€2,118 | +471% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,585 | €4,521 | +€936 | +26.1% |
| Recurring financial charges | 65 | €3,585 | €4,521 | +€936 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €30,663 | €56,652 | +€25,988 | +84.8% |
| Income taxes | 67/77 | -€4,329 | €10,851 | +€15,180 | |
| Profit (loss) for the period | 9904 | €34,992 | €45,800 | +€10,808 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,992 | €45,800 | +€10,808 | +30.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.