ACHTEC: 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.
ACHTEC
Largest movements
- Tangible fixed assets +€363,001
up €363,001 (+943%), from €38,509 to €401,510
of which Land and buildings: +€336,124
- Cash +€22,338
up €22,338 (+89.5%), from €24,972 to €47,310
mainly Debts after one year (+€280,985) and Net result for the year (+€61,181)
- Receivables within one year -€20,684
down €20,684 (-15.1%), from €137,216 to €116,532
of which Trade receivables: -€26,589
- Debts after one year +€280,985
new in 2025: €280,985
- Reserves +€59,515
up €59,515 (+85.2%), from €69,849 to €129,364
- Trade debts +€14,079
up €14,079 (+15.2%), from €92,557 to €106,636
- Other debts +€12,254
up €12,254 (+74.5%), from €16,442 to €28,696
- Depreciation +€18,484
up €18,484 (+196%), from €9,412 to €27,896
- Gross operating margin +€14,826
up €14,826 (+11.3%), from €131,194 to €146,020
- Financial charges +€12,623
up €12,623 (+4,112%), from €307 to €12,930
- Taxes -€11,557
down €11,557 (-54.7%), from €21,114 to €9,557
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 | €215,396 | €579,356 | +€363,960 | +169% |
| Fixed assets | 21/28 | €41,974 | €404,410 | +€362,436 | +863% |
| Intangible fixed assets | 21 | €565 | - | -€565 | |
| Tangible fixed assets | 22/27 | €38,509 | €401,510 | +€363,001 | +943% |
| Land and buildings | 22 | €3,437 | €339,561 | +€336,124 | +9,780% |
| Plant, machinery and equipment | 23 | €16,747 | €12,348 | -€4,399 | -26.3% |
| Furniture and vehicles | 24 | €15,612 | €47,247 | +€31,635 | +203% |
| Other tangible fixed assets | 26 | €2,713 | €2,354 | -€359 | -13.2% |
| Financial fixed assets | 28 | €2,900 | €2,900 | = | 0.0% |
| Current assets | 29/58 | €173,422 | €174,946 | +€1,524 | +0.9% |
| Stocks and contracts in progress | 3 | €10,500 | €10,650 | +€150 | +1.4% |
| Stocks | 30/36 | €10,500 | €10,650 | +€150 | +1.4% |
| Amounts receivable within one year | 40/41 | €137,216 | €116,532 | -€20,684 | -15.1% |
| Trade receivables | 40 | €127,646 | €101,057 | -€26,589 | -20.8% |
| Other amounts receivable | 41 | €9,570 | €15,475 | +€5,905 | +61.7% |
| Cash at bank and in hand | 54/58 | €24,972 | €47,310 | +€22,338 | +89.5% |
| Deferred charges and accrued income | 490/1 | €734 | €454 | -€280 | -38.1% |
| Total equity and liabilities | 10/49 | €215,396 | €579,356 | +€363,960 | +169% |
| Equity | 10/15 | €74,849 | €134,364 | +€59,515 | +79.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,849 | €129,364 | +€59,515 | +85.2% |
| Distributable reserves | 133 | €69,849 | €129,364 | +€59,515 | +85.2% |
| Amounts payable | 17/49 | €140,547 | €444,992 | +€304,445 | +217% |
| Amounts payable after more than one year | 17 | - | €280,985 | +€280,985 | |
| Financial debts | 170/4 | - | €280,985 | +€280,985 | |
| Amounts payable within one year | 42/48 | €140,547 | €164,007 | +€23,460 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €22,711 | €20,143 | -€2,568 | -11.3% |
| Trade debts | 44 | €92,557 | €106,636 | +€14,079 | +15.2% |
| Suppliers | 440/4 | €92,557 | €106,636 | +€14,079 | +15.2% |
| Taxes, remuneration and social security | 45 | €8,837 | €8,532 | -€305 | -3.5% |
| Taxes | 450/3 | €5,896 | €2,870 | -€3,026 | -51.3% |
| Remuneration and social security | 454/9 | €2,941 | €5,662 | +€2,721 | +92.5% |
| Other amounts payable | 47/48 | €16,442 | €28,696 | +€12,254 | +74.5% |
| Remuneration, social security and pensions | 62 | €32,739 | €33,950 | +€1,211 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,412 | €27,896 | +€18,484 | +196% |
| Other operating charges | 640/8 | €1,806 | €516 | -€1,290 | -71.4% |
| Non-recurring operating charges | 66A | €126 | €69 | -€57 | -45.2% |
| Gross operating margin | 9900 | €131,194 | €146,020 | +€14,826 | +11.3% |
| Operating profit (loss) | 9901 | €87,111 | €83,589 | -€3,522 | -4.0% |
| Financial income | 75/76B | €6 | €79 | +€73 | +1,217% |
| Recurring financial income | 75 | €6 | €79 | +€73 | +1,217% |
| Financial charges | 65/66B | €307 | €12,930 | +€12,623 | +4,112% |
| Recurring financial charges | 65 | €307 | €12,930 | +€12,623 | +4,112% |
| Profit (loss) for the period before taxes | 9903 | €86,810 | €70,738 | -€16,072 | -18.5% |
| Income taxes | 67/77 | €21,114 | €9,557 | -€11,557 | -54.7% |
| Profit (loss) for the period | 9904 | €65,696 | €61,181 | -€4,515 | -6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,696 | €61,181 | -€4,515 | -6.9% |
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 31 October 2026 via checked.be.