ACEC SOLAR HEATING: 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.
ACEC SOLAR HEATING
Largest movements
- Receivables within one year -€84,316
down €84,316 (-98.3%), from €85,791 to €1,476
of which Trade receivables: -€77,684
- Tangible fixed assets -€32,500
down €32,500 (-37.5%), from €86,667 to €54,167
- Cash -€4,340
down €4,340 (-92.8%), from €4,679 to €339
mainly Trade debts (-€83,077) and Debts after one year (-€21,608)
- Trade debts -€83,077
down €83,077 (-99.1%), from €83,809 to €732
- Debts after one year -€21,608
no longer reported in 2025 (was €21,608)
- Profit (loss) carried forward -€19,667
down €19,667 (-43.3%), from €45,441 to €25,774
- Other debts +€6,000
up €6,000 (+24,763%), from €24 to €6,024
- Tax, wage and social debts -€2,804
down €2,804 (-38.3%), from €7,316 to €4,513
- Gross operating margin -€37,747
down €37,747 (-74.0%), from €50,995 to €13,249
- Taxes -€5,398
no longer reported in 2025 (was €5,398)
- Financial charges -€1,176
down €1,176 (-73.9%), from €1,592 to €416
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 | €177,137 | €55,981 | -€121,156 | -68.4% |
| Fixed assets | 21/28 | €86,667 | €54,167 | -€32,500 | -37.5% |
| Tangible fixed assets | 22/27 | €86,667 | €54,167 | -€32,500 | -37.5% |
| Plant, machinery and equipment | 23 | €86,667 | €54,167 | -€32,500 | -37.5% |
| Current assets | 29/58 | €90,470 | €1,814 | -€88,656 | -98.0% |
| Amounts receivable within one year | 40/41 | €85,791 | €1,476 | -€84,316 | -98.3% |
| Trade receivables | 40 | €77,684 | - | -€77,684 | |
| Other amounts receivable | 41 | €8,107 | €1,476 | -€6,632 | -81.8% |
| Cash at bank and in hand | 54/58 | €4,679 | €339 | -€4,340 | -92.8% |
| Total equity and liabilities | 10/49 | €177,137 | €55,981 | -€121,156 | -68.4% |
| Equity | 10/15 | €64,379 | €44,712 | -€19,667 | -30.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €388 | €388 | = | 0.0% |
| Non-distributable reserves | 130/1 | €388 | €388 | = | 0.0% |
| Reserves not available under the articles | 1311 | €388 | €388 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,441 | €25,774 | -€19,667 | -43.3% |
| Amounts payable | 17/49 | €112,758 | €11,269 | -€101,489 | -90.0% |
| Amounts payable after more than one year | 17 | €21,608 | - | -€21,608 | |
| Financial debts | 170/4 | €21,608 | - | -€21,608 | |
| Amounts payable within one year | 42/48 | €91,150 | €11,269 | -€79,881 | -87.6% |
| Trade debts | 44 | €83,809 | €732 | -€83,077 | -99.1% |
| Suppliers | 440/4 | €83,809 | €732 | -€83,077 | -99.1% |
| Taxes, remuneration and social security | 45 | €7,316 | €4,513 | -€2,804 | -38.3% |
| Taxes | 450/3 | €7,316 | €4,513 | -€2,804 | -38.3% |
| Other amounts payable | 47/48 | €24 | €6,024 | +€6,000 | +24,763% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,500 | €32,500 | = | 0.0% |
| Other operating charges | 640/8 | €347 | - | -€347 | |
| Gross operating margin | 9900 | €50,995 | €13,249 | -€37,747 | -74.0% |
| Operating profit (loss) | 9901 | €18,148 | -€19,251 | -€37,399 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,592 | €416 | -€1,176 | -73.9% |
| Recurring financial charges | 65 | €1,592 | €416 | -€1,176 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €16,561 | -€19,667 | -€36,228 | |
| Income taxes | 67/77 | €5,398 | - | -€5,398 | |
| Profit (loss) for the period | 9904 | €11,163 | -€19,667 | -€30,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,163 | -€19,667 | -€30,830 |
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 31 October 2026 via checked.be.