ACD GROUP: 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.
ACD GROUP
Largest movements
- Tangible fixed assets +€88,011
up €88,011 (+421%), from €20,913 to €108,924
of which Furniture and vehicles: +€89,697
- Intangible fixed assets -€28,989
down €28,989 (-64.7%), from €44,827 to €15,838
- Receivables within one year -€14,388
down €14,388 (-70.0%), from €20,561 to €6,173
of which Trade receivables: -€20,530
- Cash -€14,259
down €14,259 (-26.7%), from €53,494 to €39,235
mainly Contributions, distributions and other (-€244,118) and Investment in fixed assets (net) (-€114,456)
- Deferred charges and accrued income +€13,770
up €13,770 (+62.8%), from €21,928 to €35,699
- Other debts +€127,712
new in 2025: €127,712
- Profit (loss) carried forward -€103,277
down €103,277 (-66.3%), from €155,736 to €52,459
- Tax, wage and social debts +€20,099
up €20,099 (+837%), from €2,401 to €22,500
- Gross operating margin +€19,941
up €19,941 (+8.8%), from €226,012 to €245,953
- Depreciation -€9,770
down €9,770 (-15.0%), from €65,204 to €55,434
- Taxes +€7,550
up €7,550 (+18.2%), from €41,430 to €48,980
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 | €161,809 | €205,955 | +€44,146 | +27.3% |
| Fixed assets | 21/28 | €65,826 | €124,849 | +€59,022 | +89.7% |
| Intangible fixed assets | 21 | €44,827 | €15,838 | -€28,989 | -64.7% |
| Tangible fixed assets | 22/27 | €20,913 | €108,924 | +€88,011 | +421% |
| Land and buildings | 22 | €5,500 | €3,814 | -€1,686 | -30.6% |
| Furniture and vehicles | 24 | €15,413 | €105,110 | +€89,697 | +582% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €95,983 | €81,107 | -€14,876 | -15.5% |
| Amounts receivable within one year | 40/41 | €20,561 | €6,173 | -€14,388 | -70.0% |
| Trade receivables | 40 | €20,561 | €31 | -€20,530 | -99.8% |
| Other amounts receivable | 41 | - | €6,142 | +€6,142 | |
| Cash at bank and in hand | 54/58 | €53,494 | €39,235 | -€14,259 | -26.7% |
| Deferred charges and accrued income | 490/1 | €21,928 | €35,699 | +€13,770 | +62.8% |
| Total equity and liabilities | 10/49 | €161,809 | €205,955 | +€44,146 | +27.3% |
| Equity | 10/15 | €158,736 | €55,459 | -€103,277 | -65.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,736 | €52,459 | -€103,277 | -66.3% |
| Amounts payable | 17/49 | €3,073 | €150,496 | +€147,423 | +4,797% |
| Amounts payable within one year | 42/48 | €3,073 | €150,496 | +€147,423 | +4,797% |
| Trade debts | 44 | €672 | €284 | -€388 | -57.7% |
| Suppliers | 440/4 | €672 | €284 | -€388 | -57.7% |
| Taxes, remuneration and social security | 45 | €2,401 | €22,500 | +€20,099 | +837% |
| Taxes | 450/3 | €2,401 | €22,500 | +€20,099 | +837% |
| Other amounts payable | 47/48 | - | €127,712 | +€127,712 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,204 | €55,434 | -€9,770 | -15.0% |
| Other operating charges | 640/8 | €519 | €532 | +€12 | +2.4% |
| Gross operating margin | 9900 | €226,012 | €245,953 | +€19,941 | +8.8% |
| Operating profit (loss) | 9901 | €160,288 | €189,987 | +€29,699 | +18.5% |
| Financial income | 75/76B | €150 | €313 | +€163 | +109% |
| Recurring financial income | 75 | €150 | €313 | +€163 | +109% |
| Financial charges | 65/66B | €479 | €479 | -€0 | 0.0% |
| Recurring financial charges | 65 | €479 | €479 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €159,959 | €189,821 | +€29,862 | +18.7% |
| Income taxes | 67/77 | €41,430 | €48,980 | +€7,550 | +18.2% |
| Profit (loss) for the period | 9904 | €118,529 | €140,840 | +€22,312 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,529 | €140,840 | +€22,312 | +18.8% |
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 18 October 2026 via checked.be.