ACE CANELLE: 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.
ACE CANELLE
Largest movements
- Receivables within one year +€17,532
up €17,532 (+81.4%), from €21,532 to €39,065
of which Other amounts receivable: +€28,675
- Cash -€11,074
down €11,074 (-93.4%), from €11,863 to €788
mainly Receivables within one year (-€17,532) and Deferred charges and accrued income (-€1,536)
- Tangible fixed assets -€3,747
down €3,747 (-48.3%), from €7,754 to €4,007
- Deferred charges and accrued income +€1,536
new in 2025: €1,536
- Stocks and contracts +€656
up €656 (+12.6%), from €5,208 to €5,864
- Profit (loss) carried forward +€3,940
no longer reported in 2025 (was -€3,940)
- Reserves -€3,795
down €3,795 (-32.4%), from €11,695 to €7,901
- Tax, wage and social debts +€3,153
up €3,153 (+30.1%), from €10,462 to €13,615
of which Taxes: +€2,891
- Trade debts +€1,585
up €1,585 (+13.2%), from €11,985 to €13,570
- Depreciation -€10,000
down €10,000 (-72.7%), from €13,747 to €3,747
- Other operating charges +€4,649
up €4,649 (+329%), from €1,411 to €6,061
- Financial charges +€4,579
up €4,579 (+129%), from €3,550 to €8,129
of which Non-recurring financial charges: +€4,000
- Staff costs +€1,975
up €1,975 (+3.6%), from €54,514 to €56,489
- Gross operating margin -€1,560
down €1,560 (-2.0%), from €76,328 to €74,767
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 | €46,357 | €51,260 | +€4,903 | +10.6% |
| Fixed assets | 21/28 | €7,754 | €4,007 | -€3,747 | -48.3% |
| Tangible fixed assets | 22/27 | €7,754 | €4,007 | -€3,747 | -48.3% |
| Plant, machinery and equipment | 23 | €7,754 | €4,007 | -€3,747 | -48.3% |
| Current assets | 29/58 | €38,603 | €47,253 | +€8,650 | +22.4% |
| Stocks and contracts in progress | 3 | €5,208 | €5,864 | +€656 | +12.6% |
| Stocks | 30/36 | €5,208 | €5,864 | +€656 | +12.6% |
| Amounts receivable within one year | 40/41 | €21,532 | €39,065 | +€17,532 | +81.4% |
| Trade receivables | 40 | €11,594 | €452 | -€11,142 | -96.1% |
| Other amounts receivable | 41 | €9,938 | €38,613 | +€28,675 | +289% |
| Cash at bank and in hand | 54/58 | €11,863 | €788 | -€11,074 | -93.4% |
| Deferred charges and accrued income | 490/1 | - | €1,536 | +€1,536 | |
| Total equity and liabilities | 10/49 | €46,357 | €51,260 | +€4,903 | +10.6% |
| Equity | 10/15 | €8,755 | €8,901 | +€145 | +1.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €11,695 | €7,901 | -€3,795 | -32.4% |
| Distributable reserves | 133 | €11,695 | €7,901 | -€3,795 | -32.4% |
| Profit (loss) carried forward | 14 | -€3,940 | - | +€3,940 | |
| Amounts payable | 17/49 | €37,602 | €42,359 | +€4,757 | +12.7% |
| Amounts payable within one year | 42/48 | €37,602 | €42,359 | +€4,757 | +12.7% |
| Financial debts | 43 | €14,908 | €14,931 | +€23 | +0.2% |
| Credit institutions | 430/8 | €14,908 | €14,931 | +€23 | +0.2% |
| Trade debts | 44 | €11,985 | €13,570 | +€1,585 | +13.2% |
| Suppliers | 440/4 | €11,985 | €13,570 | +€1,585 | +13.2% |
| Taxes, remuneration and social security | 45 | €10,462 | €13,615 | +€3,153 | +30.1% |
| Taxes | 450/3 | €5,939 | €8,831 | +€2,891 | +48.7% |
| Remuneration and social security | 454/9 | €4,523 | €4,784 | +€261 | +5.8% |
| Other amounts payable | 47/48 | €247 | €244 | -€3 | -1.3% |
| Remuneration, social security and pensions | 62 | €54,514 | €56,489 | +€1,975 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,747 | €3,747 | -€10,000 | -72.7% |
| Other operating charges | 640/8 | €1,411 | €6,061 | +€4,649 | +329% |
| Gross operating margin | 9900 | €76,328 | €74,767 | -€1,560 | -2.0% |
| Operating profit (loss) | 9901 | €6,655 | €8,471 | +€1,816 | +27.3% |
| Financial income | 75/76B | €6 | €10 | +€5 | +79.7% |
| Recurring financial income | 75 | €6 | €10 | +€5 | +79.7% |
| Financial charges | 65/66B | €3,550 | €8,129 | +€4,579 | +129% |
| Recurring financial charges | 65 | €3,550 | €4,129 | +€579 | +16.3% |
| Non-recurring financial charges | 66B | - | €4,000 | +€4,000 | |
| Profit (loss) for the period before taxes | 9903 | €3,111 | €353 | -€2,758 | -88.7% |
| Income taxes | 67/77 | -€500 | €207 | +€707 | |
| Profit (loss) for the period | 9904 | €3,611 | €145 | -€3,465 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,611 | €145 | -€3,465 | -96.0% |
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 14 October 2026 via checked.be.