ACE AUTOMOBILES: what changed
ACE AUTOMOBILES
Largest movements
- Tangible fixed assets +€23,721
up €23,721 (+797%), from €2,977 to €26,698
of which Furniture and vehicles: +€21,789
- Cash -€4,531
down €4,531 (-36.4%), from €12,455 to €7,924
mainly Investment in fixed assets (net) (-€26,668) and Net result for the year (-€5,910)
- Receivables within one year -€3,413
down €3,413 (-46.3%), from €7,373 to €3,960
of which Trade receivables: -€3,413
- Deferred charges and accrued income +€718
new in 2022: €718
- Debts after one year +€12,426
new in 2022: €12,426
- Current portion of long-term debt +€6,347
new in 2022: €6,347
- Profit (loss) carried forward -€5,908
down €5,908, from €4,955 to -€953
- Trade debts +€2,044
up €2,044 (+36.0%), from €5,679 to €7,723
- Tax, wage and social debts +€1,226
up €1,226 (+23.4%), from €5,248 to €6,474
of which Taxes: +€1,300
- Staff costs +€6,990
up €6,990, from €0 to €6,990
- Depreciation +€2,743
up €2,743 (+788%), from €348 to €3,091
- Taxes -€1,748
no longer reported in 2022 (was €1,748)
- Gross operating margin -€1,389
down €1,389 (-18.6%), from €7,473 to €6,084
- Other operating charges +€1,041
up €1,041 (+299%), from €348 to €1,389
Change in the result, 2021 to 2022
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2021 and 2022 balance sheets and the 2022 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,468 | €39,819 | +€16,351 | +69.7% |
| Formation expenses | 20 | €619 | €475 | -€144 | -23.3% |
| Fixed assets | 21/28 | €3,021 | €26,742 | +€23,721 | +785% |
| Tangible fixed assets | 22/27 | €2,977 | €26,698 | +€23,721 | +797% |
| Plant, machinery and equipment | 23 | - | €2,467 | +€2,467 | |
| Furniture and vehicles | 24 | €458 | €22,247 | +€21,789 | +4,757% |
| Other tangible fixed assets | 26 | €2,519 | €1,984 | -€535 | -21.2% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €19,828 | €12,602 | -€7,226 | -36.4% |
| Amounts receivable within one year | 40/41 | €7,373 | €3,960 | -€3,413 | -46.3% |
| Trade receivables | 40 | €7,373 | €3,960 | -€3,413 | -46.3% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €12,455 | €7,924 | -€4,531 | -36.4% |
| Deferred charges and accrued income | 490/1 | - | €718 | +€718 | |
| Total equity and liabilities | 10/49 | €23,468 | €39,819 | +€16,351 | +69.7% |
| Equity | 10/15 | €6,455 | €547 | -€5,908 | -91.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | - | €1,500 | +€1,500 | |
| Issued capital | 100 | - | €1,500 | +€1,500 | |
| Contributions outside capital | 11 | €1,500 | - | -€1,500 | |
| Share premium | 1100/10 | €1,500 | - | -€1,500 | |
| Profit (loss) carried forward | 14 | €4,955 | -€953 | -€5,908 | |
| Amounts payable | 17/49 | €17,013 | €39,272 | +€22,259 | +131% |
| Amounts payable after more than one year | 17 | - | €12,426 | +€12,426 | |
| Financial debts | 170/4 | - | €12,426 | +€12,426 | |
| Amounts payable within one year | 42/48 | €17,013 | €26,846 | +€9,833 | +57.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,347 | +€6,347 | |
| Trade debts | 44 | €5,679 | €7,723 | +€2,044 | +36.0% |
| Suppliers | 440/4 | €5,679 | €7,723 | +€2,044 | +36.0% |
| Taxes, remuneration and social security | 45 | €5,248 | €6,474 | +€1,226 | +23.4% |
| Taxes | 450/3 | €3,312 | €4,612 | +€1,300 | +39.3% |
| Remuneration and social security | 454/9 | €1,936 | €1,862 | -€74 | -3.8% |
| Other amounts payable | 47/48 | €6,086 | €6,302 | +€216 | +3.5% |
| Remuneration, social security and pensions | 62 | €0 | €6,990 | +€6,990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €348 | €3,091 | +€2,743 | +788% |
| Other operating charges | 640/8 | €348 | €1,389 | +€1,041 | +299% |
| Gross operating margin | 9900 | €7,473 | €6,084 | -€1,389 | -18.6% |
| Operating profit (loss) | 9901 | €6,777 | -€5,386 | -€12,163 | |
| Financial income | 75/76B | €5 | €68 | +€63 | +1,260% |
| Recurring financial income | 75 | €5 | €68 | +€63 | +1,260% |
| Financial charges | 65/66B | €79 | €592 | +€513 | +649% |
| Recurring financial charges | 65 | €79 | €592 | +€513 | +649% |
| Profit (loss) for the period before taxes | 9903 | €6,703 | -€5,910 | -€12,613 | |
| Income taxes | 67/77 | €1,748 | - | -€1,748 | |
| Profit (loss) for the period | 9904 | €4,955 | -€5,910 | -€10,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,955 | -€5,910 | -€10,865 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.