ACE TEAM: 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 TEAM
Largest movements
- Receivables within one year -€13,881
down €13,881 (-36.1%), from €38,470 to €24,589
of which Trade receivables: -€14,607
- Cash -€7,898
down €7,898 (-54.5%), from €14,493 to €6,595
- Deferred charges and accrued income +€1,261
up €1,261 (+262.8%), from €480 to €1,742
- Tangible fixed assets +€744
up €744 (+25.2%), from €2,950 to €3,694
of which Furniture and vehicles: +€2,197
- Debts after one year -€25,000
down €25,000 (-20.0%), from €125,000 to €100,000
- Profit (loss) carried forward +€17,180
up €17,180 (+11.0%), from -€155,796 to -€138,616
- Other debts -€15,384
down €15,384 (-53.7%), from €28,673 to €13,289
- Tax, wage and social debts +€11,860
up €11,860 (+192.2%), from €6,170 to €18,030
- Trade debts -€4,948
down €4,948 (-94.9%), from €5,214 to €266
- Gross operating margin +€13,198
up €13,198 (+320.1%), from €4,123 to €17,321
- Taxes +€3,826
up €3,826 (+740.0%), from €517 to €4,343
- Depreciation +€3,545
up €3,545 (+519.2%), from €683 to €4,228
- Financial charges -€1,388
down €1,388 (-54.7%), from €2,538 to €1,150
From the 2022 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €56,393 | €36,619 | -€19,774 | -35.1% |
| Fixed assets | 21/28 | €2,950 | €3,694 | +€744 | +25.2% |
| Tangible fixed assets | 22/27 | €2,950 | €3,694 | +€744 | +25.2% |
| Plant, machinery and equipment | 23 | €2,950 | €1,497 | -€1,453 | -49.3% |
| Furniture and vehicles | 24 | - | €2,197 | +€2,197 | |
| Current assets | 29/58 | €53,443 | €32,925 | -€20,518 | -38.4% |
| Amounts receivable within one year | 40/41 | €38,470 | €24,589 | -€13,881 | -36.1% |
| Trade receivables | 40 | €24,253 | €9,646 | -€14,607 | -60.2% |
| Other amounts receivable | 41 | €14,217 | €14,943 | +€726 | +5.1% |
| Cash at bank and in hand | 54/58 | €14,493 | €6,595 | -€7,898 | -54.5% |
| Deferred charges and accrued income | 490/1 | €480 | €1,742 | +€1,261 | +262.8% |
| Total equity and liabilities | 10/49 | €56,393 | €36,619 | -€19,774 | -35.1% |
| Equity | 10/15 | -€112,146 | -€94,966 | +€17,180 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,050 | €25,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,190 | €23,190 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,796 | -€138,616 | +€17,180 | +11.0% |
| Amounts payable | 17/49 | €168,539 | €131,585 | -€36,954 | -21.9% |
| Amounts payable after more than one year | 17 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Financial debts | 170/4 | €125,000 | €100,000 | -€25,000 | -20.0% |
| Amounts payable within one year | 42/48 | €40,058 | €31,585 | -€8,473 | -21.2% |
| Trade debts | 44 | €5,214 | €266 | -€4,948 | -94.9% |
| Suppliers | 440/4 | €5,214 | €266 | -€4,948 | -94.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,170 | €18,030 | +€11,860 | +192.2% |
| Taxes | 450/3 | €6,170 | €18,030 | +€11,860 | +192.2% |
| Other amounts payable | 47/48 | €28,673 | €13,289 | -€15,384 | -53.7% |
| Accrued charges and deferred income | 492/3 | €3,481 | - | -€3,481 | |
| Non-recurring operating income | 76A | €4,959 | - | -€4,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €683 | €4,228 | +€3,545 | +519.2% |
| Other operating charges | 640/8 | €1,441 | €1,331 | -€111 | -7.7% |
| Gross operating margin | 9900 | €4,123 | €17,321 | +€13,198 | +320.1% |
| Operating profit (loss) | 9901 | €1,999 | €11,762 | +€9,764 | +488.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,538 | €1,150 | -€1,388 | -54.7% |
| Recurring financial charges | 65 | €2,538 | €1,150 | -€1,388 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | -€539 | €10,612 | +€11,152 | |
| Income taxes | 67/77 | €517 | €4,343 | +€3,826 | +740.0% |
| Profit (loss) for the period | 9904 | -€1,056 | €6,270 | +€7,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,056 | €6,270 | +€7,326 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2022 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.