ACE OFFSHORE: 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 OFFSHORE
Largest movements
- Cash +€115,948
up €115,948 (+212%), from €54,814 to €170,763
mainly Net result for the year (+€65,924) and Debts after one year (+€46,069)
- Current investments -€23,000
down €23,000 (-35.4%), from €65,000 to €42,000
- Receivables within one year -€14,444
down €14,444 (-99.6%), from €14,509 to €65
of which Trade receivables: -€13,796
- Reserves +€65,924
up €65,924 (+69.8%), from €94,493 to €160,417
- Other debts -€46,380
down €46,380 (-99.6%), from €46,582 to €202
- Debts after one year +€46,069
new in 2025: €46,069
- Tax, wage and social debts +€10,339
up €10,339 (+33.6%), from €30,776 to €41,116
of which Taxes: +€13,272
- Gross operating margin -€34,603
down €34,603 (-26.7%), from €129,385 to €94,782
- Taxes -€7,932
down €7,932 (-31.1%), from €25,502 to €17,570
- Financial charges +€1,512
up €1,512 (+572%), from €264 to €1,776
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,149 | €254,568 | +€76,419 | +42.9% |
| Fixed assets | 21/28 | €40,650 | €38,529 | -€2,122 | -5.2% |
| Tangible fixed assets | 22/27 | €40,650 | €38,529 | -€2,122 | -5.2% |
| Plant, machinery and equipment | 23 | €1,309 | €972 | -€336 | -25.7% |
| Furniture and vehicles | 24 | €39,341 | €30,254 | -€9,087 | -23.1% |
| Other tangible fixed assets | 26 | - | €7,302 | +€7,302 | |
| Current assets | 29/58 | €137,499 | €216,040 | +€78,541 | +57.1% |
| Amounts receivable within one year | 40/41 | €14,509 | €65 | -€14,444 | -99.6% |
| Trade receivables | 40 | €13,796 | €0 | -€13,796 | -100% |
| Other amounts receivable | 41 | €713 | €65 | -€648 | -90.9% |
| Current investments | 50/53 | €65,000 | €42,000 | -€23,000 | -35.4% |
| Cash at bank and in hand | 54/58 | €54,814 | €170,763 | +€115,948 | +212% |
| Deferred charges and accrued income | 490/1 | €3,176 | €3,212 | +€37 | +1.1% |
| Total equity and liabilities | 10/49 | €178,149 | €254,568 | +€76,419 | +42.9% |
| Equity | 10/15 | €97,013 | €162,937 | +€65,924 | +68.0% |
| Contributions | 10/11 | €2,520 | €2,520 | = | 0.0% |
| Reserves | 13 | €94,493 | €160,417 | +€65,924 | +69.8% |
| Distributable reserves | 133 | €94,493 | €160,417 | +€65,924 | +69.8% |
| Amounts payable | 17/49 | €81,137 | €91,632 | +€10,495 | +12.9% |
| Amounts payable after more than one year | 17 | - | €46,069 | +€46,069 | |
| Financial debts | 170/4 | - | €46,069 | +€46,069 | |
| Amounts payable within one year | 42/48 | €80,420 | €43,421 | -€36,999 | -46.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,062 | €2,003 | -€1,058 | -34.6% |
| Suppliers | 440/4 | €3,062 | €2,003 | -€1,058 | -34.6% |
| Advances received on contracts in progress | 46 | - | €100 | +€100 | |
| Taxes, remuneration and social security | 45 | €30,776 | €41,116 | +€10,339 | +33.6% |
| Taxes | 450/3 | €27,844 | €41,116 | +€13,272 | +47.7% |
| Remuneration and social security | 454/9 | €2,933 | €0 | -€2,933 | -100% |
| Other amounts payable | 47/48 | €46,582 | €202 | -€46,380 | -99.6% |
| Accrued charges and deferred income | 492/3 | €717 | €2,142 | +€1,425 | +199% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,369 | €11,071 | +€702 | +6.8% |
| Other operating charges | 640/8 | €118 | €197 | +€79 | +67.0% |
| Gross operating margin | 9900 | €129,385 | €94,782 | -€34,603 | -26.7% |
| Operating profit (loss) | 9901 | €118,898 | €83,514 | -€35,384 | -29.8% |
| Financial income | 75/76B | €565 | €1,756 | +€1,191 | +211% |
| Recurring financial income | 75 | €565 | €1,756 | +€1,191 | +211% |
| Financial charges | 65/66B | €264 | €1,776 | +€1,512 | +572% |
| Recurring financial charges | 65 | €264 | €1,776 | +€1,512 | +572% |
| Profit (loss) for the period before taxes | 9903 | €119,199 | €83,494 | -€35,705 | -30.0% |
| Income taxes | 67/77 | €25,502 | €17,570 | -€7,932 | -31.1% |
| Profit (loss) for the period | 9904 | €93,697 | €65,924 | -€27,773 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €93,697 | €65,924 | -€27,773 | -29.6% |
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 25 October 2026 via checked.be.