ACE EUROPE: 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 EUROPE
Largest movements
- Cash +€23,378
up €23,378 (+80.5%), from €29,031 to €52,409
mainly Net result for the year (+€81,903) and Trade debts (+€20,342)
- Receivables within one year -€14,253
down €14,253 (-11.9%), from €120,206 to €105,953
of which Trade receivables: -€14,248
- Deferred charges and accrued income +€7,388
up €7,388 (+195%), from €3,782 to €11,170
- Tangible fixed assets -€4,505
down €4,505 (-70.0%), from €6,434 to €1,930
of which Furniture and vehicles: -€4,317
- Trade debts +€20,342
up €20,342 (+462%), from €4,403 to €24,744
- Other debts -€11,197
down €11,197 (-10.7%), from €104,216 to €93,019
- Tax, wage and social debts +€3,039
up €3,039 (+11.8%), from €25,834 to €28,873
- Gross operating margin -€34,524
down €34,524 (-25.1%), from €137,613 to €103,089
- Taxes -€9,383
down €9,383 (-36.3%), from €25,858 to €16,475
- Depreciation -€3,987
down €3,987 (-91.9%), from €4,340 to €353
- Financial charges +€1,761
up €1,761 (+97.0%), from €1,815 to €3,577
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 | €161,523 | €173,682 | +€12,159 | +7.5% |
| Fixed assets | 21/28 | €8,504 | €4,150 | -€4,355 | -51.2% |
| Tangible fixed assets | 22/27 | €6,434 | €1,930 | -€4,505 | -70.0% |
| Plant, machinery and equipment | 23 | €505 | €318 | -€187 | -37.1% |
| Furniture and vehicles | 24 | €5,929 | €1,612 | -€4,317 | -72.8% |
| Financial fixed assets | 28 | €2,070 | €2,220 | +€150 | +7.2% |
| Current assets | 29/58 | €153,019 | €169,532 | +€16,513 | +10.8% |
| Amounts receivable within one year | 40/41 | €120,206 | €105,953 | -€14,253 | -11.9% |
| Trade receivables | 40 | €120,201 | €105,953 | -€14,248 | -11.9% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €29,031 | €52,409 | +€23,378 | +80.5% |
| Deferred charges and accrued income | 490/1 | €3,782 | €11,170 | +€7,388 | +195% |
| Total equity and liabilities | 10/49 | €161,523 | €173,682 | +€12,159 | +7.5% |
| Equity | 10/15 | €22,000 | €22,000 | = | 0.0% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Amounts payable | 17/49 | €139,523 | €151,682 | +€12,159 | +8.7% |
| Amounts payable within one year | 42/48 | €139,523 | €151,682 | +€12,159 | +8.7% |
| Financial debts | 43 | €5,071 | €5,046 | -€24 | -0.5% |
| Credit institutions | 430/8 | €5,071 | €5,046 | -€24 | -0.5% |
| Trade debts | 44 | €4,403 | €24,744 | +€20,342 | +462% |
| Suppliers | 440/4 | €4,403 | €24,744 | +€20,342 | +462% |
| Taxes, remuneration and social security | 45 | €25,834 | €28,873 | +€3,039 | +11.8% |
| Taxes | 450/3 | €25,834 | €28,873 | +€3,039 | +11.8% |
| Other amounts payable | 47/48 | €104,216 | €93,019 | -€11,197 | -10.7% |
| Remuneration, social security and pensions | 62 | €984 | - | -€984 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,340 | €353 | -€3,987 | -91.9% |
| Other operating charges | 640/8 | €1,589 | €804 | -€785 | -49.4% |
| Gross operating margin | 9900 | €137,613 | €103,089 | -€34,524 | -25.1% |
| Operating profit (loss) | 9901 | €130,699 | €101,932 | -€28,768 | -22.0% |
| Financial income | 75/76B | €98 | €24 | -€74 | -75.8% |
| Recurring financial income | 75 | €98 | €24 | -€74 | -75.8% |
| Financial charges | 65/66B | €1,815 | €3,577 | +€1,761 | +97.0% |
| Recurring financial charges | 65 | €1,815 | €3,577 | +€1,761 | +97.0% |
| Profit (loss) for the period before taxes | 9903 | €128,982 | €98,379 | -€30,603 | -23.7% |
| Income taxes | 67/77 | €25,858 | €16,475 | -€9,383 | -36.3% |
| Profit (loss) for the period | 9904 | €103,124 | €81,903 | -€21,220 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,124 | €81,903 | -€21,220 | -20.6% |
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 27 October 2026 via checked.be.