ACOVA: 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.
What changed
ACOVA
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€30,664
2024 · €518,535-€487,871
Equity
€12.1m
2024 · €12.0m+€30,664
Cash
€5,540
2024 · €111,297-€105,758
Balance sheet total
€12.2m
2024 · €12.4m-€147,057
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Tax, wage and social debts -€126,994
down €126,994 (-98.7%), from €128,702 to €1,708
Income statement
- Turnover -€660,000
no longer reported in 2025 (was €660,000)
- Taxes -€168,145
down €168,145 (-94.1%), from €178,648 to €10,503
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.
Result 2024
€518,535
Turnover
-€660,000
Services and other goods
-€5,831
Other operating charges
+€2,976
Financial income
+€6,448
Financial charges
+€390
Taxes
+€168,145
Result 2025
€30,664
raises the resultlowers the result
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.
From operations
-€105,758
Investment
€0
Financing
€0
Cash 2024
€111,297
From operations (derived)
-€105,758
Net result for the year
+€30,664
Receivables within one year
+€41,300
Trade debts
-€60,105
Tax, wage and social debts
-€126,994
Other debts
+€11,640
Accrued charges and deferred income
-€2,262
Cash 2025
€5,540
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,361,873 | €12,214,816 | -€147,057 | -1.2% |
| Fixed assets | 21/28 | €7,522,040 | €7,522,040 | = | 0.0% |
| Financial fixed assets | 28 | €7,522,040 | €7,522,040 | = | 0.0% |
| Affiliated companies | 280/1 | €7,522,040 | €7,522,040 | = | 0.0% |
| Participating interests | 280 | €7,522,040 | €7,522,040 | = | 0.0% |
| Current assets | 29/58 | €4,839,833 | €4,692,776 | -€147,057 | -3.0% |
| Stocks and contracts in progress | 3 | €220,000 | €220,000 | = | 0.0% |
| Stocks | 30/36 | €220,000 | €220,000 | = | 0.0% |
| Goods purchased for resale | 34 | €220,000 | €220,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,508,536 | €4,467,236 | -€41,300 | -0.9% |
| Trade receivables | 40 | €254,100 | €90,750 | -€163,350 | -64.3% |
| Other amounts receivable | 41 | €4,254,436 | €4,376,486 | +€122,050 | +2.9% |
| Cash at bank and in hand | 54/58 | €111,297 | €5,540 | -€105,758 | -95.0% |
| Total equity and liabilities | 10/49 | €12,361,873 | €12,214,816 | -€147,057 | -1.2% |
| Equity | 10/15 | €12,038,150 | €12,068,814 | +€30,664 | +0.3% |
| Contributions | 10/11 | €2,177,000 | €2,177,000 | = | 0.0% |
| Reserves | 13 | €9,861,150 | €9,891,814 | +€30,664 | +0.3% |
| Tax-exempt reserves | 132 | €1,620,850 | €1,452,450 | -€168,400 | -10.4% |
| Distributable reserves | 133 | €8,240,300 | €8,439,364 | +€199,064 | +2.4% |
| Amounts payable | 17/49 | €323,723 | €146,001 | -€177,721 | -54.9% |
| Amounts payable within one year | 42/48 | €318,636 | €143,176 | -€175,459 | -55.1% |
| Trade debts | 44 | €60,105 | - | -€60,105 | |
| Suppliers | 440/4 | €60,105 | - | -€60,105 | |
| Taxes, remuneration and social security | 45 | €128,702 | €1,708 | -€126,994 | -98.7% |
| Taxes | 450/3 | €128,702 | €1,708 | -€126,994 | -98.7% |
| Other amounts payable | 47/48 | €129,828 | €141,468 | +€11,640 | +9.0% |
| Accrued charges and deferred income | 492/3 | €5,087 | €2,825 | -€2,262 | -44.5% |
| Operating income | 70/76A | €660,000 | - | -€660,000 | |
| Turnover | 70 | €660,000 | - | -€660,000 | |
| Operating charges | 60/66A | €62,804 | €65,659 | +€2,854 | +4.5% |
| Services and other goods | 61 | €59,649 | €65,480 | +€5,831 | +9.8% |
| Other operating charges | 640/8 | €3,155 | €179 | -€2,976 | -94.3% |
| Operating profit (loss) | 9901 | €597,196 | -€65,659 | -€662,854 | |
| Financial income | 75/76B | €104,223 | €110,671 | +€6,448 | +6.2% |
| Recurring financial income | 75 | €104,223 | €110,671 | +€6,448 | +6.2% |
| Income from current assets | 751 | €104,223 | €110,671 | +€6,448 | +6.2% |
| Financial charges | 65/66B | €4,235 | €3,845 | -€390 | -9.2% |
| Recurring financial charges | 65 | €4,235 | €3,845 | -€390 | -9.2% |
| Debt charges | 650 | €4,235 | €3,845 | -€390 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €697,183 | €41,167 | -€656,016 | -94.1% |
| Income taxes | 67/77 | €178,648 | €10,503 | -€168,145 | -94.1% |
| Taxes | 670/3 | €178,648 | €10,503 | -€168,145 | -94.1% |
| Profit (loss) for the period | 9904 | €518,535 | €30,664 | -€487,871 | -94.1% |
| Transfer from tax-exempt reserves | 789 | €584,300 | €168,400 | -€415,900 | -71.2% |
| Transfer to tax-exempt reserves | 689 | €252,600 | - | -€252,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €850,235 | €199,064 | -€651,171 | -76.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.