ACE: what changed
Two fiscal 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
ACE
NACE 22.210, Manufacture of rubber and plastic products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€961,222
2024 · -€1.3m+€387,321
Equity
€1.3m
2024 · -+€1.3m
Cash
€274,402
2024 · €177,314+€97,088
Balance sheet total
€11.4m
2024 · €13.2m-€1.9m
Largest movements
Assets
- Financial fixed assets -€914,016
down €914,016 (-29.7%), from €3.1m to €2.2m
of which Affiliated companies: -€914,016
- Stocks and contracts -€713,691
down €713,691 (-17.6%), from €4.0m to €3.3m
- Receivables within one year -€535,534
down €535,534 (-13.2%), from €4.1m to €3.5m
of which Trade receivables: -€536,677
- Tangible fixed assets +€322,705
up €322,705 (+30.6%), from €1.1m to €1.4m
of which Assets under construction and advance payments: +€294,954
Equity and liabilities
- Total equity and liabilities -€1.9m
down €1.9m (-14.0%), from €13.2m to €11.4m
Income statement
- Goods and materials -€3.3m
down €3.3m (-16.3%), from €20.2m to €16.9m
- Turnover -€1.9m
down €1.9m (-6.2%), from €31.0m to €29.1m
- Staff costs +€403,300
up €403,300 (+7.3%), from €5.5m to €5.9m
- Write-downs -€354,649
down €354,649, from €236,413 to -€118,236
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
-€1.3m
Turnover
-€1.9m
Other operating income
+€45,651
Goods and materials
+€3.3m
Services and other goods
-€296,797
Staff costs
-€403,300
Depreciation
+€3,000
Write-downs
+€354,649
Provisions
-€172,454
Other operating charges
+€3,245
Other operating items
-€590,378
Financial income
+€75,908
Financial charges
+€104,979
Other financial items
-€112,397
Taxes
+€408
Result 2025
-€961,222
Cash bridge derived
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
-€1.1m
Investment
+€217,339
Financing
+€961,222
Cash 2024
€177,314
From operations (derived)
-€1.1m
Net result for the year
-€961,222
Depreciation
+€444,499
Stocks and contracts
+€713,691
Receivables within one year
+€535,534
Deferred charges and accrued income
+€40,130
Total equity and liabilities
-€1.9m
Investment (derived)
+€217,339
Investment in fixed assets (net)
+€217,339
Financing
+€961,222
Contributions, distributions and other
+€961,222
Not broken down
-€1
Cash 2025
€274,402
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,217,496 | €11,363,393 | -€1.9m | -14.0% |
| Fixed assets | 21/28 | €4,788,860 | €4,127,023 | -€661,837 | -13.8% |
| Intangible fixed assets | 21 | €656,756 | €586,229 | -€70,527 | -10.7% |
| Tangible fixed assets | 22/27 | €1,055,562 | €1,378,267 | +€322,705 | +30.6% |
| Plant, machinery and equipment | 23 | €406,102 | €505,057 | +€98,955 | +24.4% |
| Furniture and vehicles | 24 | €40,882 | €61,698 | +€20,816 | +50.9% |
| Leasing and similar rights | 25 | €344,091 | €251,184 | -€92,907 | -27.0% |
| Other tangible fixed assets | 26 | €85,190 | €86,076 | +€886 | +1.0% |
| Assets under construction and advance payments | 27 | €179,298 | €474,252 | +€294,954 | +164.5% |
| Financial fixed assets | 28 | €3,076,542 | €2,162,526 | -€914,016 | -29.7% |
| Affiliated companies | 280/1 | €3,071,052 | €2,157,036 | -€914,016 | -29.8% |
| Amounts receivable | 281 | €3,071,052 | €2,157,036 | -€914,016 | -29.8% |
| Other financial fixed assets | 284/8 | €5,490 | €5,490 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €5,490 | €5,490 | = | 0.0% |
| Current assets | 29/58 | €8,428,637 | €7,236,370 | -€1.2m | -14.1% |
| Stocks and contracts in progress | 3 | €4,045,359 | €3,331,668 | -€713,691 | -17.6% |
| Stocks | 30/36 | €4,045,359 | €3,331,668 | -€713,691 | -17.6% |
| Raw materials and consumables | 30/31 | €1,907,093 | €1,882,819 | -€24,274 | -1.3% |
| Work in progress | 32 | €256,066 | €302,668 | +€46,602 | +18.2% |
| Finished goods | 33 | €1,728,714 | €1,018,126 | -€710,588 | -41.1% |
| Goods purchased for resale | 34 | €153,486 | €128,056 | -€25,430 | -16.6% |
| Amounts receivable within one year | 40/41 | €4,064,168 | €3,528,634 | -€535,534 | -13.2% |
| Trade receivables | 40 | €4,061,838 | €3,525,161 | -€536,677 | -13.2% |
| Other amounts receivable | 41 | €2,331 | €3,473 | +€1,142 | +49.0% |
| Cash at bank and in hand | 54/58 | €177,314 | €274,402 | +€97,088 | +54.8% |
| Deferred charges and accrued income | 490/1 | €141,796 | €101,666 | -€40,130 | -28.3% |
| Total equity and liabilities | 10/49 | €13,217,496 | €11,363,393 | -€1.9m | -14.0% |
| Equity | 10/15 | - | €1,324,985 | +€1.3m | |
| Contributions | 10/11 | €3,521,898 | €3,521,898 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,235,691 | -€2,196,913 | -€961,222 | -77.8% |
| Provisions and deferred taxes | 16 | - | €37,304 | +€37,304 | |
| Provisions for liabilities and charges | 160/5 | €46,224 | €37,304 | -€8,920 | -19.3% |
| Other liabilities and charges | 164/5 | €46,224 | €37,304 | -€8,920 | -19.3% |
| Amounts payable | 17/49 | €10,885,065 | €10,001,104 | -€883,961 | -8.1% |
| Amounts payable after more than one year | 17 | €2,218,215 | €2,187,832 | -€30,383 | -1.4% |
| Financial debts | 170/4 | €2,218,215 | €2,187,832 | -€30,383 | -1.4% |
| Leasing and similar obligations | 172 | €218,215 | €187,832 | -€30,383 | -13.9% |
| Other loans | 174 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,665,000 | €7,812,774 | -€852,226 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €79,405 | €98,489 | +€19,084 | +24.0% |
| Financial debts | 43 | €3,826,834 | €2,939,696 | -€887,138 | -23.2% |
| Credit institutions | 430/8 | €3,826,834 | €2,939,696 | -€887,138 | -23.2% |
| Trade debts | 44 | €3,585,247 | €3,359,541 | -€225,706 | -6.3% |
| Suppliers | 440/4 | €3,585,247 | €3,359,541 | -€225,706 | -6.3% |
| Taxes, remuneration and social security | 45 | €1,167,997 | €1,413,252 | +€245,255 | +21.0% |
| Taxes | 450/3 | €156,088 | €247,421 | +€91,333 | +58.5% |
| Remuneration and social security | 454/9 | €1,011,909 | €1,165,831 | +€153,922 | +15.2% |
| Other amounts payable | 47/48 | €5,517 | €1,796 | -€3,721 | -67.4% |
| Accrued charges and deferred income | 492/3 | €1,850 | €498 | -€1,352 | -73.1% |
| Operating income | 70/76A | €31,229,220 | €28,764,499 | -€2.5m | -7.9% |
| Turnover | 70 | €31,033,510 | €29,113,516 | -€1.9m | -6.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€232,859 | -€853,555 | -€620,696 | -266.6% |
| Own construction capitalised | 72 | €83,290 | €113,608 | +€30,318 | +36.4% |
| Other operating income | 74 | €345,279 | €390,930 | +€45,651 | +13.2% |
| Operating charges | 60/66A | €32,280,618 | €29,497,474 | -€2.8m | -8.6% |
| Goods for resale, raw materials and consumables | 60 | €20,179,936 | €16,885,136 | -€3.3m | -16.3% |
| Purchases | 600/8 | - | €16,898,244 | +€16.9m | |
| Change in stocks: decrease (increase) | 609 | -€384,077 | -€13,108 | +€370,970 | +96.6% |
| Services and other goods | 61 | €5,999,740 | €6,296,537 | +€296,797 | +4.9% |
| Remuneration, social security and pensions | 62 | €5,527,048 | €5,930,348 | +€403,300 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €447,499 | €444,499 | -€3,000 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €236,413 | -€118,236 | -€354,649 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€181,374 | -€8,920 | +€172,454 | +95.1% |
| Other operating charges | 640/8 | €71,355 | €68,110 | -€3,245 | -4.5% |
| Operating profit (loss) | 9901 | -€1,051,397 | -€732,974 | +€318,423 | +30.3% |
| Financial income | 75/76B | - | €75,908 | +€75,908 | |
| Recurring financial income | 75 | €112,396 | €75,908 | -€36,488 | -32.5% |
| Income from financial fixed assets | 750 | €87,200 | €55,434 | -€31,766 | -36.4% |
| Other financial income | 752/9 | €25,196 | €20,474 | -€4,722 | -18.7% |
| Financial charges | 65/66B | €407,383 | €302,404 | -€104,979 | -25.8% |
| Recurring financial charges | 65 | €407,383 | €302,404 | -€104,979 | -25.8% |
| Debt charges | 650 | €372,486 | €276,684 | -€95,802 | -25.7% |
| Other financial charges | 652/9 | €34,896 | €25,720 | -€9,176 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,346,383 | -€959,470 | +€386,913 | +28.7% |
| Income taxes | 67/77 | €2,160 | €1,752 | -€408 | -18.9% |
| Taxes | 670/3 | €2,160 | €1,752 | -€408 | -18.9% |
| Profit (loss) for the period | 9904 | -€1,348,543 | -€961,222 | +€387,321 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,348,543 | -€961,222 | +€387,321 | +28.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.