ACE Holding: 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 Holding
Largest movements
- Cash -€1.0m
down €1.0m (-99.8%), from €1.0m to €1,942
mainly Debts after one year (-€900,409) and Net result for the year (-€119,294)
- Debts after one year -€900,409
down €900,409 (-16.5%), from €5.5m to €4.6m
- Reserves -€119,294
down €119,294 (-5.1%), from €2.3m to €2.2m
- Financial charges -€59,721
down €59,721 (-34.0%), from €175,512 to €115,791
- Gross operating margin +€12,883
up €12,883, from -€12,062 to €821
- Financial income -€5,276
down €5,276 (-100.0%), from €5,276 to €0
- Other operating charges -€1,570
down €1,570 (-26.6%), from €5,894 to €4,324
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 | €9,975,849 | €8,974,164 | -€1.0m | -10.0% |
| Fixed assets | 21/28 | €8,965,007 | €8,965,007 | = | 0.0% |
| Financial fixed assets | 28 | €8,965,007 | €8,965,007 | = | 0.0% |
| Current assets | 29/58 | €1,010,842 | €9,157 | -€1.0m | -99.1% |
| Amounts receivable within one year | 40/41 | €6,415 | €7,215 | +€800 | +12.5% |
| Other amounts receivable | 41 | €6,415 | €7,215 | +€800 | +12.5% |
| Cash at bank and in hand | 54/58 | €1,004,427 | €1,942 | -€1.0m | -99.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €9,975,849 | €8,974,164 | -€1.0m | -10.0% |
| Equity | 10/15 | €4,404,985 | €4,285,691 | -€119,294 | -2.7% |
| Contributions | 10/11 | €2,081,611 | €2,081,611 | = | 0.0% |
| Reserves | 13 | €2,323,374 | €2,204,080 | -€119,294 | -5.1% |
| Distributable reserves | 133 | €2,323,374 | €2,204,080 | -€119,294 | -5.1% |
| Amounts payable | 17/49 | €5,570,864 | €4,688,473 | -€882,391 | -15.8% |
| Amounts payable after more than one year | 17 | €5,471,052 | €4,570,643 | -€900,409 | -16.5% |
| Other amounts payable | 178/9 | €5,471,052 | €4,570,643 | -€900,409 | -16.5% |
| Amounts payable within one year | 42/48 | €99,812 | €117,830 | +€18,018 | +18.1% |
| Trade debts | 44 | €99,812 | €115,830 | +€16,018 | +16.0% |
| Suppliers | 440/4 | €99,812 | €115,830 | +€16,018 | +16.0% |
| Other amounts payable | 47/48 | €0 | €2,000 | +€2,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €5,894 | €4,324 | -€1,570 | -26.6% |
| Non-recurring operating charges | 66A | €950,000 | €0 | -€950,000 | -100.0% |
| Gross operating margin | 9900 | -€12,062 | €821 | +€12,883 | |
| Operating profit (loss) | 9901 | -€967,956 | -€3,503 | +€964,453 | +99.6% |
| Financial income | 75/76B | €5,276 | €0 | -€5,276 | -100.0% |
| Recurring financial income | 75 | €5,276 | €0 | -€5,276 | -100.0% |
| Financial charges | 65/66B | €175,512 | €115,791 | -€59,721 | -34.0% |
| Recurring financial charges | 65 | €175,512 | €115,791 | -€59,721 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,138,192 | -€119,294 | +€1.0m | +89.5% |
| Profit (loss) for the period | 9904 | -€1,138,192 | -€119,294 | +€1.0m | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,138,192 | -€119,294 | +€1.0m | +89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.