ACE VASTGOED: 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 VASTGOED
Largest movements
- Receivables within one year +€16,809
up €16,809 (+45.1%), from €37,244 to €54,053
of which Trade receivables: +€10,562
- Tangible fixed assets +€5,155
up €5,155 (+285%), from €1,811 to €6,966
of which Furniture and vehicles: +€3,129
- Cash -€1,462
down €1,462 (-9.0%), from €16,319 to €14,857
mainly Receivables within one year (-€16,809) and Investment in fixed assets (net) (-€7,526)
- Deferred charges and accrued income -€929
down €929 (-74.2%), from €1,253 to €324
- Tax, wage and social debts +€11,591
up €11,591 (+175%), from €6,617 to €18,208
of which Remuneration and social security: +€9,430
- Reserves +€5,798
up €5,798 (+21.3%), from €27,203 to €33,001
of which Distributable reserves: +€5,798
- Trade debts +€4,707
up €4,707 (+380%), from €1,240 to €5,947
- Other debts -€1,555
down €1,555 (-94.7%), from €1,642 to €87
- Advances received -€969
down €969 (-100%), from €969 to €0
- Gross operating margin +€84,799
up €84,799 (+355%), from €23,914 to €108,713
- Staff costs +€84,641
up €84,641 (+944%), from €8,969 to €93,610
- Financial income -€1,143
down €1,143 (-99.9%), from €1,144 to €1
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 | €56,651 | €76,224 | +€19,573 | +34.6% |
| Fixed assets | 21/28 | €1,836 | €6,991 | +€5,155 | +281% |
| Tangible fixed assets | 22/27 | €1,811 | €6,966 | +€5,155 | +285% |
| Plant, machinery and equipment | 23 | €1,382 | €3,408 | +€2,026 | +147% |
| Furniture and vehicles | 24 | €429 | €3,558 | +€3,129 | +729% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €54,815 | €69,233 | +€14,418 | +26.3% |
| Amounts receivable within one year | 40/41 | €37,244 | €54,053 | +€16,809 | +45.1% |
| Trade receivables | 40 | €14,405 | €24,967 | +€10,562 | +73.3% |
| Other amounts receivable | 41 | €22,839 | €29,086 | +€6,247 | +27.4% |
| Cash at bank and in hand | 54/58 | €16,319 | €14,857 | -€1,462 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,253 | €324 | -€929 | -74.2% |
| Total equity and liabilities | 10/49 | €56,651 | €76,224 | +€19,573 | +34.6% |
| Equity | 10/15 | €46,184 | €51,983 | +€5,798 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,203 | €33,001 | +€5,798 | +21.3% |
| 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 | €25,343 | €31,141 | +€5,798 | +22.9% |
| Profit (loss) carried forward | 14 | €382 | €382 | = | 0.0% |
| Amounts payable | 17/49 | €10,467 | €24,242 | +€13,775 | +132% |
| Amounts payable within one year | 42/48 | €10,467 | €24,242 | +€13,775 | +132% |
| Trade debts | 44 | €1,240 | €5,947 | +€4,707 | +380% |
| Suppliers | 440/4 | €1,240 | €5,947 | +€4,707 | +380% |
| Advances received on contracts in progress | 46 | €969 | €0 | -€969 | -100% |
| Taxes, remuneration and social security | 45 | €6,617 | €18,208 | +€11,591 | +175% |
| Taxes | 450/3 | €4,197 | €6,357 | +€2,160 | +51.5% |
| Remuneration and social security | 454/9 | €2,420 | €11,850 | +€9,430 | +390% |
| Other amounts payable | 47/48 | €1,642 | €87 | -€1,555 | -94.7% |
| Remuneration, social security and pensions | 62 | €8,969 | €93,610 | +€84,641 | +944% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,681 | €2,370 | +€689 | +41.0% |
| Other operating charges | 640/8 | €931 | €927 | -€5 | -0.5% |
| Non-recurring operating charges | 66A | €58 | €429 | +€371 | +640% |
| Gross operating margin | 9900 | €23,914 | €108,713 | +€84,799 | +355% |
| Operating profit (loss) | 9901 | €12,275 | €11,377 | -€898 | -7.3% |
| Financial income | 75/76B | €1,144 | €1 | -€1,143 | -99.9% |
| Recurring financial income | 75 | €1,144 | €1 | -€1,143 | -99.9% |
| Financial charges | 65/66B | €583 | €1,540 | +€957 | +164% |
| Recurring financial charges | 65 | €583 | €1,540 | +€957 | +164% |
| Profit (loss) for the period before taxes | 9903 | €12,836 | €9,837 | -€2,998 | -23.4% |
| Income taxes | 67/77 | €5,102 | €4,039 | -€1,063 | -20.8% |
| Profit (loss) for the period | 9904 | €7,734 | €5,798 | -€1,935 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,734 | €5,798 | -€1,935 | -25.0% |
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 23 October 2026 via checked.be.