Ace'n Waves: 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'n Waves
Largest movements
- Receivables within one year -€259
down €259 (-56.4%), from €460 to €200
- Cash -€5
no longer reported in 2025 (was €5)
mainly Trade debts (-€1,661) and Net result for the year (-€1,152)
- Other debts +€2,548
up €2,548 (+968.4%), from €263 to €2,811
- Trade debts -€1,661
no longer reported in 2025 (was €1,661)
- Profit (loss) carried forward -€1,152
down €1,152 (-0.6%), from -€203,959 to -€205,111
- Gross operating margin -€46,096
down €46,096, from €44,961 to -€1,135
- Financial charges -€14,937
down €14,937 (-99.9%), from €14,954 to €17
- Other operating charges -€2,233
no longer reported in 2025 (was €2,233)
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 | €465 | €200 | -€265 | -56.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €465 | €200 | -€265 | -56.9% |
| Amounts receivable within one year | 40/41 | €460 | €200 | -€259 | -56.4% |
| Other amounts receivable | 41 | €460 | €200 | -€259 | -56.4% |
| Cash at bank and in hand | 54/58 | €5 | - | -€5 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €465 | €200 | -€265 | -56.9% |
| Equity | 10/15 | -€141,459 | -€142,611 | -€1,152 | -0.8% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | - | -€62,500 | |
| Issued capital | 100 | €62,500 | - | -€62,500 | |
| Revaluation surpluses | 12 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€203,959 | -€205,111 | -€1,152 | -0.6% |
| Amounts payable | 17/49 | €141,924 | €142,811 | +€887 | +0.6% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,924 | €2,811 | +€887 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,661 | - | -€1,661 | |
| Suppliers | 440/4 | €1,661 | - | -€1,661 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €263 | €2,811 | +€2,548 | +968.4% |
| Non-recurring operating income | 76A | €60,160 | - | -€60,160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,233 | - | -€2,233 | |
| Non-recurring operating charges | 66A | €29,692 | - | -€29,692 | |
| Gross operating margin | 9900 | €44,961 | -€1,135 | -€46,096 | |
| Operating profit (loss) | 9901 | €13,036 | -€1,135 | -€14,171 | |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €14,954 | €17 | -€14,937 | -99.9% |
| Recurring financial charges | 65 | €14,954 | €17 | -€14,937 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,855 | -€1,152 | +€703 | +37.9% |
| Profit (loss) for the period | 9904 | -€1,855 | -€1,152 | +€703 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,855 | -€1,152 | +€703 | +37.9% |
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 5 October 2026 via checked.be.