ACEKA: 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.
ACEKA
Largest movements
- Receivables within one year +€150,586
up €150,586 (+114.4%), from €131,584 to €282,170
of which Trade receivables: +€155,649
- Cash -€33,282
down €33,282 (-51.2%), from €64,989 to €31,707
mainly Receivables within one year (-€150,586) and Investment in fixed assets (net) (-€2,976)
- Tangible fixed assets -€10,310
down €10,310 (-14.2%), from €72,759 to €62,449
of which Plant, machinery and equipment: -€10,200
- Deferred charges and accrued income -€9,857
down €9,857 (-97.7%), from €10,089 to €232
- Trade debts +€35,736
up €35,736 (+258.3%), from €13,835 to €49,572
- Profit (loss) carried forward +€21,315
up €21,315 (+15.0%), from €141,887 to €163,202
- Reserves +€20,000
up €20,000 (+16.1%), from €123,937 to €143,937
of which Distributable reserves: +€20,000
- Accrued charges and deferred income +€14,738
new in 2025: €14,738
- Tax, wage and social debts +€7,847
up €7,847 (+48.7%), from €16,108 to €23,955
of which Taxes: +€7,443
- Gross operating margin +€19,408
up €19,408 (+44.4%), from €43,665 to €63,073
- Taxes +€16,813
up €16,813 (+243.1%), from €6,916 to €23,728
- Financial income +€16,181
new in 2025: €16,181
of which Non-recurring financial income: +€16,132
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.
Cash bridge derived
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 | €320,591 | €417,728 | +€97,137 | +30.3% |
| Fixed assets | 21/28 | €76,937 | €66,627 | -€10,310 | -13.4% |
| Tangible fixed assets | 22/27 | €72,759 | €62,449 | -€10,310 | -14.2% |
| Plant, machinery and equipment | 23 | €61,201 | €51,001 | -€10,200 | -16.7% |
| Furniture and vehicles | 24 | €11,558 | €11,448 | -€110 | -1.0% |
| Financial fixed assets | 28 | €4,178 | €4,178 | = | 0.0% |
| Current assets | 29/58 | €243,654 | €351,101 | +€107,447 | +44.1% |
| Stocks and contracts in progress | 3 | €5,757 | €5,757 | = | 0.0% |
| Stocks | 30/36 | €5,757 | €5,757 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €131,584 | €282,170 | +€150,586 | +114.4% |
| Trade receivables | 40 | €43,941 | €199,590 | +€155,649 | +354.2% |
| Other amounts receivable | 41 | €87,643 | €82,580 | -€5,063 | -5.8% |
| Current investments | 50/53 | €31,236 | €31,236 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €64,989 | €31,707 | -€33,282 | -51.2% |
| Deferred charges and accrued income | 490/1 | €10,089 | €232 | -€9,857 | -97.7% |
| Total equity and liabilities | 10/49 | €320,591 | €417,728 | +€97,137 | +30.3% |
| Equity | 10/15 | €284,373 | €325,689 | +€41,315 | +14.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €123,937 | €143,937 | +€20,000 | +16.1% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €122,082 | €142,082 | +€20,000 | +16.4% |
| Profit (loss) carried forward | 14 | €141,887 | €163,202 | +€21,315 | +15.0% |
| Amounts payable | 17/49 | €36,217 | €92,039 | +€55,822 | +154.1% |
| Amounts payable within one year | 42/48 | €36,217 | €77,301 | +€41,083 | +113.4% |
| Current portion of amounts payable after more than one year | 42 | €3,773 | €3,773 | = | 0.0% |
| Trade debts | 44 | €13,835 | €49,572 | +€35,736 | +258.3% |
| Suppliers | 440/4 | €13,835 | €49,572 | +€35,736 | +258.3% |
| Taxes, remuneration and social security | 45 | €16,108 | €23,955 | +€7,847 | +48.7% |
| Taxes | 450/3 | €782 | €8,225 | +€7,443 | +952.2% |
| Remuneration and social security | 454/9 | €15,327 | €15,730 | +€403 | +2.6% |
| Other amounts payable | 47/48 | €2,500 | - | -€2,500 | |
| Accrued charges and deferred income | 492/3 | - | €14,738 | +€14,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,850 | €13,286 | +€436 | +3.4% |
| Other operating charges | 640/8 | €819 | €496 | -€323 | -39.5% |
| Gross operating margin | 9900 | €43,665 | €63,073 | +€19,408 | +44.4% |
| Operating profit (loss) | 9901 | €29,996 | €49,292 | +€19,295 | +64.3% |
| Financial income | 75/76B | - | €16,181 | +€16,181 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Non-recurring financial income | 76B | - | €16,132 | +€16,132 | |
| Financial charges | 65/66B | €241 | €429 | +€187 | +77.6% |
| Recurring financial charges | 65 | €241 | €332 | +€91 | +37.7% |
| Non-recurring financial charges | 66B | - | €96 | +€96 | |
| Profit (loss) for the period before taxes | 9903 | €29,755 | €65,044 | +€35,289 | +118.6% |
| Income taxes | 67/77 | €6,916 | €23,728 | +€16,813 | +243.1% |
| Profit (loss) for the period | 9904 | €22,839 | €41,315 | +€18,476 | +80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,839 | €41,315 | +€18,476 | +80.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.