ACEDOR: 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.
ACEDOR
Largest movements
- Tangible fixed assets +€49,743
up €49,743 (+2,009%), from €2,475 to €52,218
of which Furniture and vehicles: +€50,166
- Cash +€27,198
up €27,198 (+130%), from €20,923 to €48,122
mainly Debts after one year (+€41,103) and Net result for the year (+€35,172)
- Receivables within one year +€5,658
up €5,658 (+17.5%), from €32,294 to €37,952
of which Other amounts receivable: +€7,496
- Debts after one year +€41,103
new in 2025: €41,103
- Profit (loss) carried forward +€35,172
up €35,172 (+83.1%), from €42,313 to €77,485
- Current portion of long-term debt +€10,094
new in 2025: €10,094
- Tax, wage and social debts -€3,731
down €3,731 (-75.6%), from €4,939 to €1,207
of which Taxes: -€2,531
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Turnover +€30,869
up €30,869 (+57.1%), from €54,073 to €84,943
- Gross operating margin +€29,994
up €29,994 (+238%), from €12,596 to €42,590
- Depreciation +€2,524
up €2,524 (+180%), from €1,402 to €3,926
- Purchases and services +€875
up €875 (+2.1%), from €41,477 to €42,352
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 | €55,910 | €138,685 | +€82,775 | +148% |
| Fixed assets | 21/28 | €2,475 | €52,218 | +€49,743 | +2,009% |
| Tangible fixed assets | 22/27 | €2,475 | €52,218 | +€49,743 | +2,009% |
| Plant, machinery and equipment | 23 | €635 | €212 | -€423 | -66.6% |
| Furniture and vehicles | 24 | €1,840 | €52,006 | +€50,166 | +2,726% |
| Current assets | 29/58 | €53,435 | €86,467 | +€33,032 | +61.8% |
| Amounts receivable within one year | 40/41 | €32,294 | €37,952 | +€5,658 | +17.5% |
| Trade receivables | 40 | €32,292 | €30,454 | -€1,838 | -5.7% |
| Other amounts receivable | 41 | €1 | €7,498 | +€7,496 | +594,941% |
| Cash at bank and in hand | 54/58 | €20,923 | €48,122 | +€27,198 | +130% |
| Deferred charges and accrued income | 490/1 | €218 | €394 | +€175 | +80.3% |
| Total equity and liabilities | 10/49 | €55,910 | €138,685 | +€82,775 | +148% |
| Equity | 10/15 | €50,373 | €85,545 | +€35,172 | +69.8% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €42,313 | €77,485 | +€35,172 | +83.1% |
| Amounts payable | 17/49 | €5,537 | €53,140 | +€47,603 | +860% |
| Amounts payable after more than one year | 17 | - | €41,103 | +€41,103 | |
| Financial debts | 170/4 | - | €41,103 | +€41,103 | |
| Amounts payable within one year | 42/48 | €5,537 | €12,037 | +€6,500 | +117% |
| Current portion of amounts payable after more than one year | 42 | - | €10,094 | +€10,094 | |
| Trade debts | 44 | €538 | €735 | +€197 | +36.7% |
| Suppliers | 440/4 | €538 | €735 | +€197 | +36.7% |
| Taxes, remuneration and social security | 45 | €4,939 | €1,207 | -€3,731 | -75.6% |
| Taxes | 450/3 | €3,739 | €1,207 | -€2,531 | -67.7% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €60 | - | -€60 | |
| Turnover | 70 | €54,073 | €84,943 | +€30,869 | +57.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €41,477 | €42,352 | +€875 | +2.1% |
| Remuneration, social security and pensions | 62 | €81 | - | -€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €3,926 | +€2,524 | +180% |
| Other operating charges | 640/8 | €512 | €488 | -€24 | -4.6% |
| Gross operating margin | 9900 | €12,596 | €42,590 | +€29,994 | +238% |
| Operating profit (loss) | 9901 | €10,601 | €38,176 | +€27,575 | +260% |
| Financial income | 75/76B | €34 | €0 | -€34 | -99.1% |
| Recurring financial income | 75 | €34 | €0 | -€34 | -99.1% |
| Financial charges | 65/66B | €193 | €776 | +€582 | +301% |
| Recurring financial charges | 65 | €193 | €776 | +€582 | +301% |
| Profit (loss) for the period before taxes | 9903 | €10,442 | €37,401 | +€26,959 | +258% |
| Income taxes | 67/77 | €2,564 | €2,229 | -€334 | -13.0% |
| Profit (loss) for the period | 9904 | €7,878 | €35,172 | +€27,293 | +346% |
| Profit (loss) for the period to be appropriated | 9905 | €7,878 | €35,172 | +€27,293 | +346% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.