ACE SUN: 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 SUN
Largest movements
- Tangible fixed assets +€137,977
up €137,977 (+48.6%), from €283,882 to €421,858
of which Land and buildings: +€85,782
- Intangible fixed assets -€31,500
no longer reported in 2025 (was €31,500)
- Stocks and contracts +€17,832
up €17,832 (+40.1%), from €44,439 to €62,271
- Cash -€9,658
down €9,658 (-26.7%), from €36,174 to €26,516
mainly Investment in fixed assets (net) (-€131,604) and Stocks and contracts (-€17,832)
- Receivables within one year +€9,555
up €9,555 (+279.7%), from €3,416 to €12,971
of which Other amounts receivable: +€5,033
- Debts after one year +€111,196
up €111,196 (+40.0%), from €278,039 to €389,235
- Reserves +€46,703
up €46,703 (+467.0%), from €10,000 to €56,703
- Profit (loss) carried forward -€39,636
down €39,636 (-84.8%), from €46,746 to €7,110
- Current portion of long-term debt +€20,276
new in 2025: €20,276
- Accrued charges and deferred income -€13,650
no longer reported in 2025 (was €13,650)
- Gross operating margin -€37,940
down €37,940 (-42.5%), from €89,278 to €51,338
- Taxes -€14,437
down €14,437 (-95.0%), from €15,204 to €767
- Depreciation +€13,553
up €13,553 (+117.1%), from €11,574 to €25,127
- Other operating charges -€5,004
down €5,004 (-79.2%), from €6,316 to €1,312
- Financial charges +€2,204
up €2,204 (+16.6%), from €13,290 to €15,494
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 | €400,661 | €525,707 | +€125,046 | +31.2% |
| Fixed assets | 21/28 | €315,382 | €421,858 | +€106,477 | +33.8% |
| Intangible fixed assets | 21 | €31,500 | - | -€31,500 | |
| Tangible fixed assets | 22/27 | €283,882 | €421,858 | +€137,977 | +48.6% |
| Land and buildings | 22 | €253,382 | €339,164 | +€85,782 | +33.9% |
| Plant, machinery and equipment | 23 | €2,729 | €2,581 | -€147 | -5.4% |
| Furniture and vehicles | 24 | €11,755 | €8,140 | -€3,615 | -30.8% |
| Other tangible fixed assets | 26 | €16,016 | €71,973 | +€55,957 | +349.4% |
| Current assets | 29/58 | €85,279 | €103,849 | +€18,569 | +21.8% |
| Stocks and contracts in progress | 3 | €44,439 | €62,271 | +€17,832 | +40.1% |
| Stocks | 30/36 | €44,439 | €62,271 | +€17,832 | +40.1% |
| Amounts receivable within one year | 40/41 | €3,416 | €12,971 | +€9,555 | +279.7% |
| Trade receivables | 40 | €868 | €5,390 | +€4,522 | +521.1% |
| Other amounts receivable | 41 | €2,548 | €7,581 | +€5,033 | +197.5% |
| Cash at bank and in hand | 54/58 | €36,174 | €26,516 | -€9,658 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,251 | €2,090 | +€839 | +67.1% |
| Total equity and liabilities | 10/49 | €400,661 | €525,707 | +€125,046 | +31.2% |
| Equity | 10/15 | €58,746 | €65,813 | +€7,067 | +12.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €56,703 | +€46,703 | +467.0% |
| Distributable reserves | 133 | €10,000 | €56,703 | +€46,703 | +467.0% |
| Profit (loss) carried forward | 14 | €46,746 | €7,110 | -€39,636 | -84.8% |
| Amounts payable | 17/49 | €341,915 | €459,894 | +€117,979 | +34.5% |
| Amounts payable after more than one year | 17 | €278,039 | €389,235 | +€111,196 | +40.0% |
| Financial debts | 170/4 | €278,039 | €389,235 | +€111,196 | +40.0% |
| Amounts payable within one year | 42/48 | €50,226 | €70,659 | +€20,433 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €20,276 | +€20,276 | |
| Trade debts | 44 | €5,980 | €12,166 | +€6,186 | +103.5% |
| Suppliers | 440/4 | €5,980 | €12,166 | +€6,186 | +103.5% |
| Taxes, remuneration and social security | 45 | €9,571 | €1,254 | -€8,317 | -86.9% |
| Taxes | 450/3 | €9,571 | €1,254 | -€8,317 | -86.9% |
| Other amounts payable | 47/48 | €34,676 | €36,964 | +€2,288 | +6.6% |
| Accrued charges and deferred income | 492/3 | €13,650 | - | -€13,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,574 | €25,127 | +€13,553 | +117.1% |
| Other operating charges | 640/8 | €6,316 | €1,312 | -€5,004 | -79.2% |
| Non-recurring operating charges | 66A | - | €973 | +€973 | |
| Gross operating margin | 9900 | €89,278 | €51,338 | -€37,940 | -42.5% |
| Operating profit (loss) | 9901 | €71,388 | €23,927 | -€47,461 | -66.5% |
| Financial income | 75/76B | €6 | €1 | -€5 | -85.9% |
| Recurring financial income | 75 | €6 | €1 | -€5 | -85.9% |
| Financial charges | 65/66B | €13,290 | €15,494 | +€2,204 | +16.6% |
| Recurring financial charges | 65 | €13,290 | €15,494 | +€2,204 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €58,104 | €8,433 | -€49,670 | -85.5% |
| Income taxes | 67/77 | €15,204 | €767 | -€14,437 | -95.0% |
| Profit (loss) for the period | 9904 | €42,900 | €7,667 | -€35,233 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,900 | €7,667 | -€35,233 | -82.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.