Ace Capital Group: 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 Capital Group
Largest movements
- Receivables after one year +€357,737
up €357,737 (+22.9%), from €1.6m to €1.9m
- Receivables within one year -€231,809
down €231,809 (-15.7%), from €1.5m to €1.2m
of which Other amounts receivable: -€229,229
- Reserves +€1.6m
up €1.6m (+114%), from €1.4m to €2.9m
- Other debts -€1.4m
down €1.4m (-77.7%), from €1.9m to €416,440
- Financial income +€1.5m
up €1.5m (+1,147%), from €130,097 to €1.6m
- Gross operating margin -€18,811
down €18,811 (-227%), from -€8,293 to -€27,104
- Taxes -€14,734
down €14,734 (-56.9%), from €25,881 to €11,147
- Financial charges -€9,870
down €9,870 (-30.3%), from €32,561 to €22,691
- Other operating charges -€7,751
down €7,751 (-43.2%), from €17,959 to €10,208
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,260,042 | €3,386,748 | +€126,706 | +3.9% |
| Fixed assets | 21/28 | €213,900 | €213,900 | = | 0.0% |
| Tangible fixed assets | 22/27 | €209,900 | €209,900 | = | 0.0% |
| Furniture and vehicles | 24 | €209,900 | €209,900 | = | 0.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €3,046,142 | €3,172,848 | +€126,706 | +4.2% |
| Amounts receivable after more than one year | 29 | €1,565,008 | €1,922,745 | +€357,737 | +22.9% |
| Other amounts receivable | 291 | €1,565,008 | €1,922,745 | +€357,737 | +22.9% |
| Amounts receivable within one year | 40/41 | €1,481,134 | €1,249,325 | -€231,809 | -15.7% |
| Trade receivables | 40 | €2,940 | €360 | -€2,580 | -87.7% |
| Other amounts receivable | 41 | €1,478,194 | €1,248,965 | -€229,229 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €778 | +€778 | |
| Total equity and liabilities | 10/49 | €3,260,042 | €3,386,748 | +€126,706 | +3.9% |
| Equity | 10/15 | €1,364,625 | €2,915,860 | +€1.6m | +114% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,362,625 | €2,913,860 | +€1.6m | +114% |
| Distributable reserves | 133 | €1,362,625 | €2,913,860 | +€1.6m | +114% |
| Amounts payable | 17/49 | €1,895,417 | €470,889 | -€1.4m | -75.2% |
| Amounts payable within one year | 42/48 | €1,895,417 | €470,889 | -€1.4m | -75.2% |
| Trade debts | 44 | €1,549 | €1,114 | -€435 | -28.1% |
| Suppliers | 440/4 | €1,549 | €1,114 | -€435 | -28.1% |
| Taxes, remuneration and social security | 45 | €30,203 | €53,335 | +€23,132 | +76.6% |
| Taxes | 450/3 | €30,203 | €53,335 | +€23,132 | +76.6% |
| Other amounts payable | 47/48 | €1,863,665 | €416,440 | -€1.4m | -77.7% |
| Other operating charges | 640/8 | €17,959 | €10,208 | -€7,751 | -43.2% |
| Gross operating margin | 9900 | -€8,293 | -€27,104 | -€18,811 | -227% |
| Operating profit (loss) | 9901 | -€26,252 | -€37,312 | -€11,060 | -42.1% |
| Financial income | 75/76B | €130,097 | €1,622,384 | +€1.5m | +1,147% |
| Recurring financial income | 75 | €130,097 | €1,622,384 | +€1.5m | +1,147% |
| Financial charges | 65/66B | €32,561 | €22,691 | -€9,870 | -30.3% |
| Recurring financial charges | 65 | €32,561 | €22,691 | -€9,870 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €71,285 | €1,562,382 | +€1.5m | +2,092% |
| Income taxes | 67/77 | €25,881 | €11,147 | -€14,734 | -56.9% |
| Profit (loss) for the period | 9904 | €45,404 | €1,551,235 | +€1.5m | +3,317% |
| Profit (loss) for the period to be appropriated | 9905 | €45,404 | €1,551,235 | +€1.5m | +3,317% |
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 23 October 2026 via checked.be.