ACE JTC ELECTRONICS: 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.
What changed
ACE JTC ELECTRONICS
NACE 26.110, Manufacture of computer, electronic and optical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€325,415
2024 · -€1.0m+€685,207
Equity
-€220,603
2024 · €96,449-€317,052
Cash
€344,451
2024 · €184,129+€160,322
Balance sheet total
€7.6m
2024 · €4.2m+€3.4m
Largest movements
Assets
- Stocks and contracts +€1.9m
up €1.9m (+93.8%), from €2.0m to €3.9m
- Receivables within one year +€667,818
up €667,818 (+54.0%), from €1.2m to €1.9m
of which Trade receivables: +€743,623
- Tangible fixed assets +€510,740
up €510,740 (+83.3%), from €613,192 to €1.1m
of which Plant, machinery and equipment: +€405,519
- Cash +€160,322
up €160,322 (+87.1%), from €184,129 to €344,451
mainly Trade debts (+€1.4m) and Debts after one year (+€867,715)
Equity and liabilities
- Trade debts +€1.4m
up €1.4m (+222%), from €627,951 to €2.0m
- Debts after one year +€867,715
up €867,715 (+29.5%), from €2.9m to €3.8m
- Provisions +€572,236
new in 2025: €572,236
- Other debts +€550,000
new in 2025: €550,000
- Profit (loss) carried forward -€412,532
down €412,532 (-409%), from -€100,777 to -€513,309
Income statement
- Staff costs +€1.8m
up €1.8m (+73.3%), from €2.4m to €4.2m
- Gross operating margin +€1.6m
up €1.6m (+51.7%), from €3.0m to €4.6m
- Write-downs -€1.2m
down €1.2m, from €678,283 to -€502,055
- Depreciation +€107,941
up €107,941 (+50.3%), from €214,450 to €322,391
- Other operating charges +€55,135
up €55,135 (+442%), from €12,471 to €67,606
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.
Result 2024
-€1.0m
Gross operating margin
+€1.6m
Staff costs
-€1.8m
Depreciation
-€107,941
Write-downs
+€1.2m
Other operating charges
-€55,135
Other operating items
-€120,591
Financial income
+€25,372
Financial charges
-€37,730
Taxes
+€162
Result 2025
-€325,415
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€175,091
Investment
-€907,217
Financing
+€892,447
Cash 2024
€184,129
From operations (derived)
+€175,091
Net result for the year
-€325,415
Depreciation
+€322,391
Stocks and contracts
-€1.9m
Receivables within one year
-€667,818
Deferred charges and accrued income
-€55,959
Provisions
+€572,236
Trade debts
+€1.4m
Tax, wage and social debts
+€123,421
Other debts
+€550,000
Accrued charges and deferred income
+€159,371
Investment (derived)
-€907,217
Investment in fixed assets (net)
-€907,217
Financing
+€892,447
Debts after one year
+€867,715
Current portion of long-term debt
+€16,370
Contributions, distributions and other
+€8,362
Cash 2025
€344,451
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,206,262 | €7,574,617 | +€3.4m | +80.1% |
| Fixed assets | 21/28 | €723,193 | €1,308,018 | +€584,826 | +80.9% |
| Intangible fixed assets | 21 | €103,402 | €139,987 | +€36,585 | +35.4% |
| Tangible fixed assets | 22/27 | €613,192 | €1,123,932 | +€510,740 | +83.3% |
| Plant, machinery and equipment | 23 | €173,019 | €578,539 | +€405,519 | +234% |
| Furniture and vehicles | 24 | €97,661 | €100,280 | +€2,619 | +2.7% |
| Leasing and similar rights | 25 | €231,245 | €222,668 | -€8,577 | -3.7% |
| Other tangible fixed assets | 26 | €111,266 | €222,445 | +€111,179 | +99.9% |
| Financial fixed assets | 28 | €6,599 | €44,099 | +€37,500 | +568% |
| Current assets | 29/58 | €3,483,070 | €6,266,598 | +€2.8m | +79.9% |
| Stocks and contracts in progress | 3 | €2,024,495 | €3,923,925 | +€1.9m | +93.8% |
| Stocks | 30/36 | €2,024,495 | €3,923,925 | +€1.9m | +93.8% |
| Amounts receivable within one year | 40/41 | €1,236,113 | €1,903,931 | +€667,818 | +54.0% |
| Trade receivables | 40 | €1,154,381 | €1,898,005 | +€743,623 | +64.4% |
| Other amounts receivable | 41 | €81,731 | €5,926 | -€75,805 | -92.7% |
| Cash at bank and in hand | 54/58 | €184,129 | €344,451 | +€160,322 | +87.1% |
| Deferred charges and accrued income | 490/1 | €38,333 | €94,292 | +€55,959 | +146% |
| Total equity and liabilities | 10/49 | €4,206,262 | €7,574,617 | +€3.4m | +80.1% |
| Equity | 10/15 | €96,449 | -€220,603 | -€317,052 | |
| Contributions | 10/11 | €65,822 | €152,622 | +€86,800 | +132% |
| Capital | 10 | €65,822 | €152,622 | +€86,800 | +132% |
| Issued capital | 100 | €65,822 | €152,622 | +€86,800 | +132% |
| Reserves | 13 | €131,403 | €140,083 | +€8,680 | +6.6% |
| Non-distributable reserves | 130/1 | €6,582 | €15,262 | +€8,680 | +132% |
| Legal reserve | 130 | €6,582 | €15,262 | +€8,680 | +132% |
| Tax-exempt reserves | 132 | €124,821 | €124,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,777 | -€513,309 | -€412,532 | -409% |
| Provisions and deferred taxes | 16 | - | €572,236 | +€572,236 | |
| Provisions for liabilities and charges | 160/5 | - | €572,236 | +€572,236 | |
| Other liabilities and charges | 164/5 | - | €572,236 | +€572,236 | |
| Amounts payable | 17/49 | €4,109,814 | €7,222,984 | +€3.1m | +75.7% |
| Amounts payable after more than one year | 17 | €2,939,412 | €3,807,127 | +€867,715 | +29.5% |
| Financial debts | 170/4 | €2,939,412 | €3,807,127 | +€867,715 | +29.5% |
| Amounts payable within one year | 42/48 | €1,157,902 | €3,243,986 | +€2.1m | +180% |
| Current portion of amounts payable after more than one year | 42 | €44,663 | €61,033 | +€16,370 | +36.7% |
| Trade debts | 44 | €627,951 | €2,024,245 | +€1.4m | +222% |
| Suppliers | 440/4 | €627,951 | €2,024,245 | +€1.4m | +222% |
| Taxes, remuneration and social security | 45 | €485,287 | €608,708 | +€123,421 | +25.4% |
| Taxes | 450/3 | €159,118 | €207,980 | +€48,862 | +30.7% |
| Remuneration and social security | 454/9 | €326,169 | €400,728 | +€74,559 | +22.9% |
| Other amounts payable | 47/48 | - | €550,000 | +€550,000 | |
| Accrued charges and deferred income | 492/3 | €12,500 | €171,871 | +€159,371 | +1,275% |
| Non-recurring operating income | 76A | - | €231,342 | +€231,342 | |
| Remuneration, social security and pensions | 62 | €2,405,713 | €4,169,508 | +€1.8m | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214,450 | €322,391 | +€107,941 | +50.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €678,283 | -€502,055 | -€1.2m | |
| Other operating charges | 640/8 | €12,471 | €67,606 | +€55,135 | +442% |
| Non-recurring operating charges | 66A | €490,014 | €610,606 | +€120,591 | +24.6% |
| Gross operating margin | 9900 | €3,028,518 | €4,593,046 | +€1.6m | +51.7% |
| Operating profit (loss) | 9901 | -€772,413 | -€75,010 | +€697,403 | +90.3% |
| Financial income | 75/76B | €11,474 | €36,846 | +€25,372 | +221% |
| Recurring financial income | 75 | €11,474 | €36,846 | +€25,372 | +221% |
| Financial charges | 65/66B | €246,555 | €284,286 | +€37,730 | +15.3% |
| Recurring financial charges | 65 | €246,555 | €284,286 | +€37,730 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,007,495 | -€322,450 | +€685,045 | +68.0% |
| Income taxes | 67/77 | €3,127 | €2,965 | -€162 | -5.2% |
| Profit (loss) for the period | 9904 | -€1,010,622 | -€325,415 | +€685,207 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,010,622 | -€325,415 | +€685,207 | +67.8% |
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 16 October 2026 via checked.be.