ACOFIN: 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.
ACOFIN
Largest movements
- Cash +€53,603
up €53,603 (+89.6%), from €59,835 to €113,438
mainly Net result for the year (+€59,801) and Tax, wage and social debts (+€18,443)
- Receivables within one year +€19,906
up €19,906 (+196%), from €10,180 to €30,086
of which Other amounts receivable: +€10,420
- Deferred charges and accrued income +€3,333
up €3,333 (+159%), from €2,093 to €5,426
- Reserves +€58,801
up €58,801 (+110%), from €53,310 to €112,111
- Tax, wage and social debts +€18,443
up €18,443 (+110%), from €16,767 to €35,210
- Gross operating margin +€8,404
up €8,404 (+12.2%), from €68,722 to €77,126
- Taxes +€1,242
up €1,242 (+8.8%), from €14,181 to €15,424
- Other operating charges +€1,159
up €1,159 (+960%), from €121 to €1,280
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 | €73,808 | €151,204 | +€77,396 | +105% |
| Fixed assets | 21/28 | €1,700 | €2,254 | +€554 | +32.6% |
| Tangible fixed assets | 22/27 | €1,700 | €2,254 | +€554 | +32.6% |
| Plant, machinery and equipment | 23 | - | €942 | +€942 | |
| Furniture and vehicles | 24 | €1,700 | €1,312 | -€388 | -22.8% |
| Current assets | 29/58 | €72,108 | €148,950 | +€76,842 | +107% |
| Amounts receivable within one year | 40/41 | €10,180 | €30,086 | +€19,906 | +196% |
| Trade receivables | 40 | - | €9,486 | +€9,486 | |
| Other amounts receivable | 41 | €10,180 | €20,600 | +€10,420 | +102% |
| Cash at bank and in hand | 54/58 | €59,835 | €113,438 | +€53,603 | +89.6% |
| Deferred charges and accrued income | 490/1 | €2,093 | €5,426 | +€3,333 | +159% |
| Total equity and liabilities | 10/49 | €73,808 | €151,204 | +€77,396 | +105% |
| Equity | 10/15 | €56,310 | €115,111 | +€58,801 | +104% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €53,310 | €112,111 | +€58,801 | +110% |
| Distributable reserves | 133 | €53,310 | €112,111 | +€58,801 | +110% |
| Amounts payable | 17/49 | €17,498 | €36,094 | +€18,596 | +106% |
| Amounts payable within one year | 42/48 | €17,498 | €36,094 | +€18,596 | +106% |
| Trade debts | 44 | €130 | €184 | +€54 | +41.5% |
| Suppliers | 440/4 | €130 | €184 | +€54 | +41.5% |
| Taxes, remuneration and social security | 45 | €16,767 | €35,210 | +€18,443 | +110% |
| Taxes | 450/3 | €16,767 | €35,210 | +€18,443 | +110% |
| Other amounts payable | 47/48 | €601 | €700 | +€99 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €586 | +€347 | +145% |
| Other operating charges | 640/8 | €121 | €1,280 | +€1,159 | +960% |
| Gross operating margin | 9900 | €68,722 | €77,126 | +€8,404 | +12.2% |
| Operating profit (loss) | 9901 | €68,363 | €75,260 | +€6,898 | +10.1% |
| Financial income | 75/76B | €0 | €31 | +€31 | +310,000% |
| Recurring financial income | 75 | €0 | €31 | +€31 | +310,000% |
| Financial charges | 65/66B | €12 | €67 | +€55 | +450% |
| Recurring financial charges | 65 | €12 | €67 | +€55 | +450% |
| Profit (loss) for the period before taxes | 9903 | €68,350 | €75,224 | +€6,874 | +10.1% |
| Income taxes | 67/77 | €14,181 | €15,424 | +€1,242 | +8.8% |
| Profit (loss) for the period | 9904 | €54,169 | €59,801 | +€5,632 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €54,169 | €59,801 | +€5,632 | +10.4% |
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 19 October 2026 via checked.be.