ACE LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables within one year -€279,791
down €279,791 (-95.7%), from €292,284 to €12,493
of which Other amounts receivable: -€226,380
- Tangible fixed assets -€36,901
down €36,901 (-5.6%), from €658,278 to €621,377
of which Leasing and similar rights: -€22,228
- Cash +€17,850
up €17,850 (+8824.0%), from €202 to €18,052
mainly Receivables within one year (+€279,791) and Depreciation (+€63,549)
- Current portion of long-term debt -€155,286
down €155,286 (-64.9%), from €239,122 to €83,836
- Other debts -€106,725
down €106,725 (-84.6%), from €126,208 to €19,483
- Trade debts -€60,469
down €60,469 (-96.1%), from €62,913 to €2,444
- Reserves +€52,123
up €52,123 (+8.0%), from €651,027 to €703,150
of which Distributable reserves: +€52,123
- Debts after one year -€21,336
down €21,336 (-18.4%), from €116,025 to €94,690
of which Financial debts: -€21,336
- Gross operating margin +€52,705
up €52,705 (+51.4%), from €102,575 to €155,280
- Depreciation +€25,961
up €25,961 (+69.1%), from €37,588 to €63,549
- Financial charges -€8,414
down €8,414 (-29.7%), from €28,346 to €19,932
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 | €1,212,155 | €913,319 | -€298,836 | -24.7% |
| Fixed assets | 21/28 | €658,278 | €621,377 | -€36,901 | -5.6% |
| Tangible fixed assets | 22/27 | €658,278 | €621,377 | -€36,901 | -5.6% |
| Land and buildings | 22 | €451,305 | €444,570 | -€6,735 | -1.5% |
| Plant, machinery and equipment | 23 | €93,321 | €84,667 | -€8,654 | -9.3% |
| Furniture and vehicles | 24 | €12,198 | €12,914 | +€716 | +5.9% |
| Leasing and similar rights | 25 | €101,455 | €79,227 | -€22,228 | -21.9% |
| Current assets | 29/58 | €553,877 | €291,941 | -€261,936 | -47.3% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €292,284 | €12,493 | -€279,791 | -95.7% |
| Trade receivables | 40 | €65,904 | €12,493 | -€53,411 | -81.0% |
| Other amounts receivable | 41 | €226,380 | - | -€226,380 | |
| Cash at bank and in hand | 54/58 | €202 | €18,052 | +€17,850 | +8824.0% |
| Deferred charges and accrued income | 490/1 | €11,390 | €11,396 | +€6 | 0.0% |
| Total equity and liabilities | 10/49 | €1,212,155 | €913,319 | -€298,836 | -24.7% |
| Equity | 10/15 | €657,243 | €709,366 | +€52,123 | +7.9% |
| Contributions | 10/11 | €6,216 | €6,216 | = | 0.0% |
| Reserves | 13 | €651,027 | €703,150 | +€52,123 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €649,167 | €701,290 | +€52,123 | +8.0% |
| Amounts payable | 17/49 | €554,912 | €203,953 | -€350,959 | -63.2% |
| Amounts payable after more than one year | 17 | €116,025 | €94,690 | -€21,336 | -18.4% |
| Financial debts | 170/4 | €78,525 | €57,190 | -€21,336 | -27.2% |
| Other amounts payable | 178/9 | €37,500 | €37,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €438,887 | €109,263 | -€329,624 | -75.1% |
| Current portion of amounts payable after more than one year | 42 | €239,122 | €83,836 | -€155,286 | -64.9% |
| Financial debts | 43 | €616 | €559 | -€57 | -9.3% |
| Credit institutions | 430/8 | €616 | €559 | -€57 | -9.3% |
| Trade debts | 44 | €62,913 | €2,444 | -€60,469 | -96.1% |
| Suppliers | 440/4 | €62,913 | €2,444 | -€60,469 | -96.1% |
| Taxes, remuneration and social security | 45 | €10,028 | €2,942 | -€7,086 | -70.7% |
| Taxes | 450/3 | €9,740 | €2,942 | -€6,798 | -69.8% |
| Remuneration and social security | 454/9 | €288 | - | -€288 | |
| Other amounts payable | 47/48 | €126,208 | €19,483 | -€106,725 | -84.6% |
| Non-recurring operating income | 76A | €6,860 | - | -€6,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,588 | €63,549 | +€25,961 | +69.1% |
| Other operating charges | 640/8 | €24,393 | €25,813 | +€1,420 | +5.8% |
| Gross operating margin | 9900 | €102,575 | €155,280 | +€52,705 | +51.4% |
| Operating profit (loss) | 9901 | €40,593 | €65,918 | +€25,325 | +62.4% |
| Financial income | 75/76B | €6,564 | €6,603 | +€40 | +0.6% |
| Recurring financial income | 75 | €6,564 | €6,603 | +€40 | +0.6% |
| Financial charges | 65/66B | €28,346 | €19,932 | -€8,414 | -29.7% |
| Recurring financial charges | 65 | €28,346 | €19,932 | -€8,414 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €18,811 | €52,590 | +€33,779 | +179.6% |
| Income taxes | 67/77 | €564 | €467 | -€98 | -17.3% |
| Profit (loss) for the period | 9904 | €18,247 | €52,123 | +€33,876 | +185.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,247 | €52,123 | +€33,876 | +185.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.