ACE PIGEON LOFT: 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 PIGEON LOFT
Largest movements
- Cash +€407,489
up €407,489 (+269%), from €151,303 to €558,792
mainly Net result for the year (+€418,622) and Depreciation (+€60,522)
- Tangible fixed assets -€60,522
down €60,522 (-45.2%), from €133,998 to €73,475
of which Other tangible fixed assets: -€57,823
- Profit (loss) carried forward +€210,169
up €210,169, from -€210,169 to €0
- Reserves +€208,453
up €208,453 (+38.1%), from €546,536 to €754,989
of which Distributable reserves: +€210,073
- Trade debts -€110,782
down €110,782 (-99.0%), from €111,923 to €1,140
- Tax, wage and social debts +€17,897
up €17,897 (+3,136%), from €571 to €18,467
of which Taxes: +€17,897
- Other debts +€16,046
up €16,046 (+63.8%), from €25,158 to €41,204
- Gross operating margin +€486,788
up €486,788, from -€7,948 to €478,840
- Financial charges -€233,263
down €233,263, from €144,123 to -€89,140
- Taxes +€128,677
up €128,677, from -€32,556 to €96,121
- Depreciation +€12,191
up €12,191 (+25.2%), from €48,331 to €60,522
- Financial income +€6,912
up €6,912 (+284%), from €2,430 to €9,342
of which Financial income: +€6,912
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,902 | €833,018 | +€344,116 | +70.4% |
| Fixed assets | 21/28 | €134,098 | €73,575 | -€60,522 | -45.1% |
| Tangible fixed assets | 22/27 | €133,998 | €73,475 | -€60,522 | -45.2% |
| Furniture and vehicles | 24 | €6,235 | €3,536 | -€2,699 | -43.3% |
| Other tangible fixed assets | 26 | €127,762 | €69,939 | -€57,823 | -45.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €354,804 | €759,443 | +€404,639 | +114% |
| Stocks and contracts in progress | 3 | €6,250 | €8,500 | +€2,250 | +36.0% |
| Stocks | 30/36 | €6,250 | €8,500 | +€2,250 | +36.0% |
| Amounts receivable within one year | 40/41 | €30,768 | €25,151 | -€5,618 | -18.3% |
| Trade receivables | 40 | €5,460 | €0 | -€5,460 | -100% |
| Other amounts receivable | 41 | €25,308 | €25,151 | -€158 | -0.6% |
| Current investments | 50/53 | €164,469 | €164,697 | +€228 | +0.1% |
| Cash at bank and in hand | 54/58 | €151,303 | €558,792 | +€407,489 | +269% |
| Deferred charges and accrued income | 490/1 | €2,014 | €2,303 | +€289 | +14.3% |
| Total equity and liabilities | 10/49 | €488,902 | €833,018 | +€344,116 | +70.4% |
| Equity | 10/15 | €350,003 | €768,625 | +€418,622 | +120% |
| Contributions | 10/11 | €13,636 | €13,636 | = | 0.0% |
| Reserves | 13 | €546,536 | €754,989 | +€208,453 | +38.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,743 | €2,123 | -€1,620 | -43.3% |
| Distributable reserves | 133 | €540,934 | €751,006 | +€210,073 | +38.8% |
| Profit (loss) carried forward | 14 | -€210,169 | €0 | +€210,169 | |
| Provisions and deferred taxes | 16 | €1,248 | €708 | -€540 | -43.3% |
| Deferred taxes | 168 | €1,248 | €708 | -€540 | -43.3% |
| Amounts payable | 17/49 | €137,651 | €63,686 | -€73,965 | -53.7% |
| Amounts payable within one year | 42/48 | €137,651 | €60,812 | -€76,839 | -55.8% |
| Trade debts | 44 | €111,923 | €1,140 | -€110,782 | -99.0% |
| Suppliers | 440/4 | €111,923 | €1,140 | -€110,782 | -99.0% |
| Taxes, remuneration and social security | 45 | €571 | €18,467 | +€17,897 | +3,136% |
| Taxes | 450/3 | €571 | €18,467 | +€17,897 | +3,136% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,158 | €41,204 | +€16,046 | +63.8% |
| Accrued charges and deferred income | 492/3 | - | €2,874 | +€2,874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,331 | €60,522 | +€12,191 | +25.2% |
| Other operating charges | 640/8 | €2,778 | €2,598 | -€180 | -6.5% |
| Gross operating margin | 9900 | -€7,948 | €478,840 | +€486,788 | |
| Operating profit (loss) | 9901 | -€59,057 | €415,720 | +€474,776 | |
| Financial income | 75/76B | €2,430 | €9,342 | +€6,912 | +284% |
| Recurring financial income | 75 | €2,430 | €9,342 | +€6,912 | +284% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €144,123 | -€89,140 | -€233,263 | |
| Recurring financial charges | 65 | €144,123 | -€89,140 | -€233,263 | |
| Profit (loss) for the period before taxes | 9903 | -€200,750 | €514,202 | +€714,952 | |
| Transfer from deferred taxes | 780 | €1,080 | €540 | -€540 | -50.0% |
| Income taxes | 67/77 | -€32,556 | €96,121 | +€128,677 | |
| Profit (loss) for the period | 9904 | -€167,114 | €418,622 | +€585,736 | |
| Transfer from tax-exempt reserves | 789 | €3,240 | €1,620 | -€1,620 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€163,874 | €420,242 | +€584,116 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.