ACEG GROUP: 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.
What changed
ACEG GROUP
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€838,626
2024 · -€3.6m+€2.7m
Equity
€11.1m
2024 · €12.0m-€838,626
Cash
€582,732
2024 · €364,958+€217,773
Balance sheet total
€36.3m
2024 · €38.9m-€2.6m
Largest movements
Assets
- Receivables within one year -€1.5m
down €1.5m (-17.8%), from €8.2m to €6.8m
of which Trade receivables: -€811,536
- Financial fixed assets -€1.0m
down €1.0m (-3.5%), from €28.5m to €27.5m
Equity and liabilities
- Debts after one year -€2.7m
down €2.7m (-19.8%), from €13.4m to €10.8m
- Trade debts -€1.1m
down €1.1m (-83.6%), from €1.3m to €216,436
- Current portion of long-term debt +€1.0m
up €1.0m (+85.7%), from €1.2m to €2.2m
- Other debts +€920,415
up €920,415 (+8.6%), from €10.7m to €11.7m
- Profit (loss) carried forward -€838,626
down €838,626 (-20.8%), from -€4.0m to -€4.9m
Income statement
- Financial charges -€1.9m
down €1.9m (-47.8%), from €4.0m to €2.1m
of which Non-recurring financial charges: -€1.6m
- Financial income +€664,238
up €664,238 (+200%), from €331,318 to €995,556
- Turnover +€334,348
up €334,348 (+25.2%), from €1.3m to €1.7m
- Services and other goods +€110,028
up €110,028 (+9.2%), from €1.2m to €1.3m
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.
Result 2024
-€3.6m
Turnover
+€334,348
Other operating income
+€1,994
Goods and materials
+€4,000
Services and other goods
-€110,028
Other operating charges
+€384
Other operating items
-€101,857
Financial income
+€664,238
Financial charges
+€1.9m
Result 2025
-€838,626
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€884,413
Investment
+€1.0m
Financing
-€1.7m
Cash 2024
€364,958
From operations (derived)
+€884,413
Net result for the year
-€838,626
Receivables after one year
+€279,395
Receivables within one year
+€1.5m
Deferred charges and accrued income
+€74,165
Trade debts
-€1.1m
Tax, wage and social debts
+€81,108
Other debts
+€920,415
Accrued charges and deferred income
+€519
Investment (derived)
+€1.0m
Investment in fixed assets (net)
+€1.0m
Financing
-€1.7m
Debts after one year
-€2.7m
Current portion of long-term debt
+€1.0m
Cash 2025
€582,732
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,897,304 | €36,290,477 | -€2.6m | -6.7% |
| Fixed assets | 21/28 | €28,463,251 | €27,463,251 | -€1.0m | -3.5% |
| Financial fixed assets | 28 | €28,463,251 | €27,463,251 | -€1.0m | -3.5% |
| Affiliated companies | 280/1 | €28,463,251 | €27,463,251 | -€1.0m | -3.5% |
| Participating interests | 280 | €28,463,251 | €27,463,251 | -€1.0m | -3.5% |
| Current assets | 29/58 | €10,434,053 | €8,827,226 | -€1.6m | -15.4% |
| Amounts receivable after more than one year | 29 | €1,582,835 | €1,303,440 | -€279,395 | -17.7% |
| Other amounts receivable | 291 | €1,582,835 | €1,303,440 | -€279,395 | -17.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €8,243,692 | €6,772,653 | -€1.5m | -17.8% |
| Trade receivables | 40 | €1,389,449 | €577,912 | -€811,536 | -58.4% |
| Other amounts receivable | 41 | €6,854,244 | €6,194,740 | -€659,503 | -9.6% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €364,958 | €582,732 | +€217,773 | +59.7% |
| Deferred charges and accrued income | 490/1 | €242,566 | €168,401 | -€74,165 | -30.6% |
| Total equity and liabilities | 10/49 | €38,897,304 | €36,290,477 | -€2.6m | -6.7% |
| Equity | 10/15 | €11,951,401 | €11,112,775 | -€838,626 | -7.0% |
| Contributions | 10/11 | €15,984,633 | €15,984,633 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,033,232 | -€4,871,858 | -€838,626 | -20.8% |
| Amounts payable | 17/49 | €26,945,903 | €25,177,702 | -€1.8m | -6.6% |
| Amounts payable after more than one year | 17 | €13,435,400 | €10,768,760 | -€2.7m | -19.8% |
| Financial debts | 170/4 | €13,435,400 | €10,768,760 | -€2.7m | -19.8% |
| Credit institutions | 173 | €13,435,400 | €10,768,760 | -€2.7m | -19.8% |
| Amounts payable within one year | 42/48 | €13,227,800 | €14,125,721 | +€897,921 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €1,166,640 | €2,166,640 | +€1.0m | +85.7% |
| Trade debts | 44 | €1,320,039 | €216,436 | -€1.1m | -83.6% |
| Suppliers | 440/4 | €1,320,039 | €216,436 | -€1.1m | -83.6% |
| Taxes, remuneration and social security | 45 | €0 | €81,108 | +€81,108 | |
| Taxes | 450/3 | €0 | €81,108 | +€81,108 | |
| Other amounts payable | 47/48 | €10,741,121 | €11,661,537 | +€920,415 | +8.6% |
| Accrued charges and deferred income | 492/3 | €282,703 | €283,221 | +€519 | +0.2% |
| Operating income | 70/76A | €1,327,585 | €1,780,505 | +€452,920 | +34.1% |
| Turnover | 70 | €1,327,273 | €1,661,621 | +€334,348 | +25.2% |
| Other operating income | 74 | €312 | €2,306 | +€1,994 | +638% |
| Non-recurring operating income | 76A | - | €116,578 | +€116,578 | |
| Operating charges | 60/66A | €1,198,213 | €1,522,291 | +€324,078 | +27.0% |
| Goods for resale, raw materials and consumables | 60 | €4,000 | €0 | -€4,000 | -100% |
| Purchases | 600/8 | €4,000 | €0 | -€4,000 | -100% |
| Services and other goods | 61 | €1,193,301 | €1,303,328 | +€110,028 | +9.2% |
| Other operating charges | 640/8 | €912 | €528 | -€384 | -42.1% |
| Non-recurring operating charges | 66A | - | €218,435 | +€218,435 | |
| Operating profit (loss) | 9901 | €129,372 | €258,213 | +€128,841 | +99.6% |
| Financial income | 75/76B | €331,318 | €995,556 | +€664,238 | +200% |
| Recurring financial income | 75 | €331,318 | €995,556 | +€664,238 | +200% |
| Income from financial fixed assets | 750 | - | €766,337 | +€766,337 | |
| Income from current assets | 751 | €331,318 | €229,218 | -€102,100 | -30.8% |
| Other financial income | 752/9 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,011,504 | €2,092,396 | -€1.9m | -47.8% |
| Recurring financial charges | 65 | €1,408,801 | €1,092,396 | -€316,405 | -22.5% |
| Debt charges | 650 | €1,168,593 | €927,668 | -€240,925 | -20.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €152,781 | +€152,781 | |
| Other financial charges | 652/9 | €240,208 | €11,947 | -€228,261 | -95.0% |
| Non-recurring financial charges | 66B | €2,602,703 | €1,000,000 | -€1.6m | -61.6% |
| Profit (loss) for the period before taxes | 9903 | -€3,550,814 | -€838,626 | +€2.7m | +76.4% |
| Profit (loss) for the period | 9904 | -€3,550,814 | -€838,626 | +€2.7m | +76.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,550,814 | -€838,626 | +€2.7m | +76.4% |
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 17 October 2026 via checked.be.