ACE RENTAL: 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 RENTAL
Largest movements
- Tangible fixed assets +€305,673
up €305,673 (+2,660%), from €11,494 to €317,167
of which Land and buildings: +€308,063
- Stocks and contracts -€300,363
down €300,363 (-24.7%), from €1.2m to €915,811
- Cash -€28,323
down €28,323 (-92.4%), from €30,662 to €2,338
mainly Investment in fixed assets (net) (-€315,260) and Debts after one year (-€146,000)
- Other debts +€169,393
up €169,393 (+37.0%), from €457,539 to €626,931
- Debts after one year -€146,000
down €146,000 (-17.2%), from €851,000 to €705,000
- Trade debts -€38,574
down €38,574 (-95.5%), from €40,406 to €1,832
- Profit (loss) carried forward -€17,163
down €17,163 (-122%), from -€14,078 to -€31,241
- Depreciation +€6,840
up €6,840 (+249%), from €2,747 to €9,587
- Gross operating margin +€1,229
up €1,229 (+63.4%), from -€1,938 to -€709
- Other operating charges +€1,163
up €1,163 (+190%), from €611 to €1,775
- Financial charges -€222
down €222 (-3.6%), from €6,230 to €6,008
- Financial income -€148
down €148 (-13.9%), from €1,064 to €916
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 | €1,339,763 | €1,310,585 | -€29,179 | -2.2% |
| Fixed assets | 21/28 | €11,494 | €317,167 | +€305,673 | +2,660% |
| Tangible fixed assets | 22/27 | €11,494 | €317,167 | +€305,673 | +2,660% |
| Land and buildings | 22 | - | €308,063 | +€308,063 | |
| Plant, machinery and equipment | 23 | €596 | €37 | -€558 | -93.7% |
| Furniture and vehicles | 24 | €10,898 | €9,067 | -€1,831 | -16.8% |
| Current assets | 29/58 | €1,328,270 | €993,418 | -€334,852 | -25.2% |
| Stocks and contracts in progress | 3 | €1,216,174 | €915,811 | -€300,363 | -24.7% |
| Stocks | 30/36 | €1,216,174 | €915,811 | -€300,363 | -24.7% |
| Amounts receivable within one year | 40/41 | €81,376 | €74,875 | -€6,501 | -8.0% |
| Trade receivables | 40 | €7,437 | €2,033 | -€5,404 | -72.7% |
| Other amounts receivable | 41 | €73,939 | €72,842 | -€1,097 | -1.5% |
| Cash at bank and in hand | 54/58 | €30,662 | €2,338 | -€28,323 | -92.4% |
| Deferred charges and accrued income | 490/1 | €58 | €393 | +€335 | +579% |
| Total equity and liabilities | 10/49 | €1,339,763 | €1,310,585 | -€29,179 | -2.2% |
| Equity | 10/15 | -€10,078 | -€27,241 | -€17,163 | -170% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,078 | -€31,241 | -€17,163 | -122% |
| Amounts payable | 17/49 | €1,349,841 | €1,337,826 | -€12,015 | -0.9% |
| Amounts payable after more than one year | 17 | €851,000 | €705,000 | -€146,000 | -17.2% |
| Financial debts | 170/4 | €851,000 | €705,000 | -€146,000 | -17.2% |
| Amounts payable within one year | 42/48 | €498,841 | €632,826 | +€133,985 | +26.9% |
| Trade debts | 44 | €40,406 | €1,832 | -€38,574 | -95.5% |
| Suppliers | 440/4 | €40,406 | €1,832 | -€38,574 | -95.5% |
| Taxes, remuneration and social security | 45 | €897 | €4,062 | +€3,165 | +353% |
| Taxes | 450/3 | €897 | €4,062 | +€3,165 | +353% |
| Other amounts payable | 47/48 | €457,539 | €626,931 | +€169,393 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,747 | €9,587 | +€6,840 | +249% |
| Other operating charges | 640/8 | €611 | €1,775 | +€1,163 | +190% |
| Gross operating margin | 9900 | -€1,938 | -€709 | +€1,229 | +63.4% |
| Operating profit (loss) | 9901 | -€5,296 | -€12,071 | -€6,774 | -128% |
| Financial income | 75/76B | €1,064 | €916 | -€148 | -13.9% |
| Recurring financial income | 75 | €1,064 | €916 | -€148 | -13.9% |
| Financial charges | 65/66B | €6,230 | €6,008 | -€222 | -3.6% |
| Recurring financial charges | 65 | €6,230 | €6,008 | -€222 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,463 | -€17,163 | -€6,700 | -64.0% |
| Profit (loss) for the period | 9904 | -€10,463 | -€17,163 | -€6,700 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,463 | -€17,163 | -€6,700 | -64.0% |
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.