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.
ACE
Largest movements
- Cash -€17,401
no longer reported in 2025 (was €17,401)
mainly Other debts (-€36,620) and Debts after one year (-€14,693)
- Tangible fixed assets -€8,646
down €8,646 (-3.3%), from €258,093 to €249,448
- Deferred charges and accrued income -€2,886
down €2,886 (-44.7%), from €6,457 to €3,572
- Other debts -€36,620
down €36,620 (-38.9%), from €94,117 to €57,497
- Profit (loss) carried forward +€19,246
up €19,246 (+83.0%), from -€23,201 to -€3,956
- Debts after one year -€14,693
down €14,693 (-8.9%), from €164,665 to €149,973
- Trade debts +€3,235
up €3,235 (+11.4%), from €28,477 to €31,712
- Gross operating margin +€10,381
up €10,381 (+41.8%), from €24,835 to €35,216
- Other operating charges -€3,157
down €3,157 (-43.0%), from €7,343 to €4,186
- Depreciation +€1,108
up €1,108 (+14.7%), from €7,538 to €8,646
- Financial charges -€430
down €430 (-12.0%), from €3,569 to €3,139
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €283,851 | €254,918 | -€28,933 | -10.2% |
| Fixed assets | 21/28 | €258,093 | €249,448 | -€8,646 | -3.3% |
| Tangible fixed assets | 22/27 | €258,093 | €249,448 | -€8,646 | -3.3% |
| Land and buildings | 22 | €258,093 | €249,448 | -€8,646 | -3.3% |
| Current assets | 29/58 | €25,757 | €5,470 | -€20,287 | -78.8% |
| Amounts receivable within one year | 40/41 | €1,899 | €1,899 | = | 0.0% |
| Other amounts receivable | 41 | €1,899 | €1,899 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,401 | - | -€17,401 | |
| Deferred charges and accrued income | 490/1 | €6,457 | €3,572 | -€2,886 | -44.7% |
| Total equity and liabilities | 10/49 | €283,851 | €254,918 | -€28,933 | -10.2% |
| Equity | 10/15 | -€18,201 | €1,044 | +€19,246 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,201 | -€3,956 | +€19,246 | +83.0% |
| Amounts payable | 17/49 | €302,052 | €253,874 | -€48,179 | -16.0% |
| Amounts payable after more than one year | 17 | €164,665 | €149,973 | -€14,693 | -8.9% |
| Financial debts | 170/4 | €164,665 | €149,973 | -€14,693 | -8.9% |
| Amounts payable within one year | 42/48 | €137,037 | €103,901 | -€33,136 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €14,443 | €14,693 | +€249 | +1.7% |
| Trade debts | 44 | €28,477 | €31,712 | +€3,235 | +11.4% |
| Suppliers | 440/4 | €28,477 | €31,712 | +€3,235 | +11.4% |
| Other amounts payable | 47/48 | €94,117 | €57,497 | -€36,620 | -38.9% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,538 | €8,646 | +€1,108 | +14.7% |
| Other operating charges | 640/8 | €7,343 | €4,186 | -€3,157 | -43.0% |
| Gross operating margin | 9900 | €24,835 | €35,216 | +€10,381 | +41.8% |
| Operating profit (loss) | 9901 | €9,954 | €22,385 | +€12,431 | +124.9% |
| Financial charges | 65/66B | €3,569 | €3,139 | -€430 | -12.0% |
| Recurring financial charges | 65 | €3,569 | €3,139 | -€430 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €6,386 | €19,246 | +€12,860 | +201.4% |
| Profit (loss) for the period | 9904 | €6,386 | €19,246 | +€12,860 | +201.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,386 | €19,246 | +€12,860 | +201.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.