ACELVA Management Services: 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.
ACELVA Management Services
Largest movements
- Cash +€80,753
up €80,753 (+19.0%), from €424,066 to €504,819
mainly Net result for the year (+€78,219) and Deferred charges and accrued income (+€9,644)
- Deferred charges and accrued income -€9,644
no longer reported in 2025 (was €9,644)
- Reserves +€78,219
up €78,219 (+427%), from €18,324 to €96,542
of which Distributable reserves: +€78,219
- Trade debts -€15,048
down €15,048 (-87.6%), from €17,181 to €2,133
- Other debts +€6,785
new in 2025: €6,785
- Turnover -€252,983
no longer reported in 2025 (was €252,983)
- Purchases and services -€127,892
no longer reported in 2025 (was €127,892)
- Gross operating margin -€15,345
down €15,345 (-12.3%), from €125,090 to €109,745
- Other operating charges -€9,406
down €9,406 (-92.2%), from €10,197 to €791
- Taxes +€7,451
up €7,451 (+33.7%), from €22,126 to €29,577
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 | €505,141 | €574,463 | +€69,322 | +13.7% |
| Fixed assets | 21/28 | €13,458 | €12,679 | -€779 | -5.8% |
| Tangible fixed assets | 22/27 | €4,083 | €3,304 | -€779 | -19.1% |
| Land and buildings | 22 | €3,984 | €3,255 | -€729 | -18.3% |
| Furniture and vehicles | 24 | €99 | €49 | -€49 | -50.0% |
| Financial fixed assets | 28 | €9,375 | €9,375 | = | 0.0% |
| Current assets | 29/58 | €491,683 | €561,784 | +€70,101 | +14.3% |
| Amounts receivable within one year | 40/41 | €57,972 | €56,965 | -€1,007 | -1.7% |
| Trade receivables | 40 | €34,972 | €56,965 | +€21,993 | +62.9% |
| Other amounts receivable | 41 | €23,000 | - | -€23,000 | |
| Cash at bank and in hand | 54/58 | €424,066 | €504,819 | +€80,753 | +19.0% |
| Deferred charges and accrued income | 490/1 | €9,644 | - | -€9,644 | |
| Total equity and liabilities | 10/49 | €505,141 | €574,463 | +€69,322 | +13.7% |
| Equity | 10/15 | €445,346 | €523,565 | +€78,219 | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €18,324 | €96,542 | +€78,219 | +427% |
| Non-distributable reserves | 130/1 | €2,209 | €2,209 | = | 0.0% |
| Legal reserve | 130 | €2,209 | - | -€2,209 | |
| Reserves not available under the articles | 1311 | - | €2,209 | +€2,209 | |
| Tax-exempt reserves | 132 | €16,114 | €16,114 | = | 0.0% |
| Distributable reserves | 133 | - | €78,219 | +€78,219 | |
| Profit (loss) carried forward | 14 | €414,623 | €414,623 | = | 0.0% |
| Amounts payable | 17/49 | €59,794 | €50,898 | -€8,896 | -14.9% |
| Amounts payable within one year | 42/48 | €59,775 | €50,898 | -€8,876 | -14.8% |
| Trade debts | 44 | €17,181 | €2,133 | -€15,048 | -87.6% |
| Suppliers | 440/4 | €17,181 | €2,133 | -€15,048 | -87.6% |
| Taxes, remuneration and social security | 45 | €42,594 | €41,980 | -€613 | -1.4% |
| Taxes | 450/3 | €35,608 | €41,980 | +€6,373 | +17.9% |
| Remuneration and social security | 454/9 | €6,986 | - | -€6,986 | |
| Other amounts payable | 47/48 | - | €6,785 | +€6,785 | |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Turnover | 70 | €252,983 | - | -€252,983 | |
| Goods, raw materials, services and sundry goods | 60/61 | €127,892 | - | -€127,892 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,933 | €779 | -€1,155 | -59.7% |
| Other operating charges | 640/8 | €10,197 | €791 | -€9,406 | -92.2% |
| Non-recurring operating charges | 66A | €40,833 | - | -€40,833 | |
| Gross operating margin | 9900 | €125,090 | €109,745 | -€15,345 | -12.3% |
| Operating profit (loss) | 9901 | €72,127 | €108,175 | +€36,049 | +50.0% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €82 | €390 | +€308 | +376% |
| Recurring financial charges | 65 | €82 | €390 | +€308 | +376% |
| Profit (loss) for the period before taxes | 9903 | €72,045 | €107,795 | +€35,751 | +49.6% |
| Income taxes | 67/77 | €22,126 | €29,577 | +€7,451 | +33.7% |
| Profit (loss) for the period | 9904 | €49,919 | €78,219 | +€28,300 | +56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,919 | €78,219 | +€28,300 | +56.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.