ACE INTERNATIONAL: what changed
ACE INTERNATIONAL
Largest movements
- Cash +€165,274
up €165,274 (+159%), from €103,818 to €269,092
mainly Current investments (+€100,000) and Net result for the year (+€67,066)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€18,182
new in 2025: €18,182
of which Other amounts receivable: +€15,833
- Reserves +€67,066
up €67,066 (+33.3%), from €201,515 to €268,581
of which Distributable reserves: +€67,066
- Gross operating margin +€26,198
up €26,198 (+27.5%), from €95,190 to €121,388
- Financial charges -€24,134
down €24,134 (-99.4%), from €24,292 to €158
- Taxes +€12,980
up €12,980 (+68.7%), from €18,885 to €31,865
- Financial income -€8,045
down €8,045 (-80.2%), from €10,033 to €1,988
- Depreciation +€3,932
up €3,932 (+31.5%), from €12,478 to €16,410
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,421,014 | €1,496,541 | +€75,527 | +5.3% |
| Fixed assets | 21/28 | €1,216,030 | €1,209,267 | -€6,763 | -0.6% |
| Tangible fixed assets | 22/27 | €661,229 | €654,466 | -€6,763 | -1.0% |
| Land and buildings | 22 | €207,561 | €199,283 | -€8,278 | -4.0% |
| Furniture and vehicles | 24 | €10,504 | €12,170 | +€1,665 | +15.9% |
| Other tangible fixed assets | 26 | €443,165 | €443,014 | -€151 | 0.0% |
| Financial fixed assets | 28 | €554,800 | €554,800 | = | 0.0% |
| Current assets | 29/58 | €204,984 | €287,274 | +€82,290 | +40.1% |
| Amounts receivable after more than one year | 29 | €1,166 | - | -€1,166 | |
| Other amounts receivable | 291 | €1,166 | - | -€1,166 | |
| Amounts receivable within one year | 40/41 | - | €18,182 | +€18,182 | |
| Trade receivables | 40 | - | €2,349 | +€2,349 | |
| Other amounts receivable | 41 | - | €15,833 | +€15,833 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €103,818 | €269,092 | +€165,274 | +159% |
| Total equity and liabilities | 10/49 | €1,421,014 | €1,496,541 | +€75,527 | +5.3% |
| Equity | 10/15 | €1,365,022 | €1,432,089 | +€67,066 | +4.9% |
| Contributions | 10/11 | €1,163,508 | €1,163,508 | = | 0.0% |
| Reserves | 13 | €201,515 | €268,581 | +€67,066 | +33.3% |
| Non-distributable reserves | 130/1 | €3,400 | €3,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €198,115 | €265,181 | +€67,066 | +33.9% |
| Amounts payable | 17/49 | €55,991 | €64,452 | +€8,461 | +15.1% |
| Amounts payable within one year | 42/48 | €55,991 | €64,452 | +€8,461 | +15.1% |
| Trade debts | 44 | €151 | €5,448 | +€5,297 | +3,520% |
| Suppliers | 440/4 | €151 | €5,448 | +€5,297 | +3,520% |
| Taxes, remuneration and social security | 45 | €11,418 | €10,888 | -€530 | -4.6% |
| Taxes | 450/3 | €11,418 | €10,888 | -€530 | -4.6% |
| Other amounts payable | 47/48 | €44,423 | €48,116 | +€3,693 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,478 | €16,410 | +€3,932 | +31.5% |
| Other operating charges | 640/8 | €6,706 | €7,878 | +€1,172 | +17.5% |
| Gross operating margin | 9900 | €95,190 | €121,388 | +€26,198 | +27.5% |
| Operating profit (loss) | 9901 | €76,006 | €97,100 | +€21,094 | +27.8% |
| Financial income | 75/76B | €10,033 | €1,988 | -€8,045 | -80.2% |
| Recurring financial income | 75 | €10,033 | €1,988 | -€8,045 | -80.2% |
| Financial charges | 65/66B | €24,292 | €158 | -€24,134 | -99.4% |
| Recurring financial charges | 65 | €24,292 | €158 | -€24,134 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €61,748 | €98,931 | +€37,183 | +60.2% |
| Income taxes | 67/77 | €18,885 | €31,865 | +€12,980 | +68.7% |
| Profit (loss) for the period | 9904 | €42,863 | €67,066 | +€24,203 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,863 | €67,066 | +€24,203 | +56.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.