ACER: 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.
ACER
Largest movements
- Receivables within one year -€182,584
down €182,584 (-86.8%), from €210,419 to €27,835
of which Trade receivables: -€177,599
- Stocks and contracts -€89,644
down €89,644 (-96.4%), from €93,002 to €3,359
of which Contracts in progress: -€84,225
- Tangible fixed assets +€35,526
up €35,526 (+358%), from €9,933 to €45,459
of which Furniture and vehicles: +€26,585
- Cash -€22,664
down €22,664 (-55.9%), from €40,523 to €17,859
mainly Debts after one year (-€219,036) and Advances received (-€58,485)
- Deferred charges and accrued income -€4,795
down €4,795 (-55.6%), from €8,618 to €3,823
- Debts after one year -€219,036
down €219,036 (-66.4%), from €330,038 to €111,002
- Advances received -€58,485
no longer reported in 2025 (was €58,485)
- Trade debts +€28,265
up €28,265 (+476%), from €5,936 to €34,201
- Accrued charges and deferred income -€16,675
no longer reported in 2025 (was €16,675)
- Tax, wage and social debts +€4,457
up €4,457 (+2.5%), from €180,545 to €185,002
of which Taxes: +€7,603
- Gross operating margin +€83,370
up €83,370 (+9.5%), from €875,787 to €959,157
- Staff costs +€55,098
up €55,098 (+6.5%), from €852,839 to €907,938
- Other operating charges +€18,046
up €18,046 (+168%), from €10,767 to €28,813
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 | €369,624 | €105,464 | -€264,159 | -71.5% |
| Fixed assets | 21/28 | €17,062 | €52,589 | +€35,526 | +208% |
| Tangible fixed assets | 22/27 | €9,933 | €45,459 | +€35,526 | +358% |
| Plant, machinery and equipment | 23 | €6,018 | €14,960 | +€8,942 | +149% |
| Furniture and vehicles | 24 | €3,915 | €30,499 | +€26,585 | +679% |
| Financial fixed assets | 28 | €7,130 | €7,130 | = | 0.0% |
| Current assets | 29/58 | €352,561 | €52,876 | -€299,686 | -85.0% |
| Stocks and contracts in progress | 3 | €93,002 | €3,359 | -€89,644 | -96.4% |
| Stocks | 30/36 | €8,777 | €3,359 | -€5,419 | -61.7% |
| Contracts in progress | 37 | €84,225 | - | -€84,225 | |
| Amounts receivable within one year | 40/41 | €210,419 | €27,835 | -€182,584 | -86.8% |
| Trade receivables | 40 | €195,623 | €18,024 | -€177,599 | -90.8% |
| Other amounts receivable | 41 | €14,795 | €9,811 | -€4,984 | -33.7% |
| Cash at bank and in hand | 54/58 | €40,523 | €17,859 | -€22,664 | -55.9% |
| Deferred charges and accrued income | 490/1 | €8,618 | €3,823 | -€4,795 | -55.6% |
| Total equity and liabilities | 10/49 | €369,624 | €105,464 | -€264,159 | -71.5% |
| Equity | 10/15 | -€223,345 | -€226,488 | -€3,144 | -1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,797 | €1,797 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,797 | €1,797 | = | 0.0% |
| Legal reserve | 130 | €1,797 | €1,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€287,142 | -€290,285 | -€3,144 | -1.1% |
| Amounts payable | 17/49 | €592,968 | €331,953 | -€261,016 | -44.0% |
| Amounts payable after more than one year | 17 | €330,038 | €111,002 | -€219,036 | -66.4% |
| Other amounts payable | 178/9 | €330,038 | €111,002 | -€219,036 | -66.4% |
| Amounts payable within one year | 42/48 | €246,256 | €220,951 | -€25,305 | -10.3% |
| Trade debts | 44 | €5,936 | €34,201 | +€28,265 | +476% |
| Suppliers | 440/4 | €5,936 | €34,201 | +€28,265 | +476% |
| Advances received on contracts in progress | 46 | €58,485 | - | -€58,485 | |
| Taxes, remuneration and social security | 45 | €180,545 | €185,002 | +€4,457 | +2.5% |
| Taxes | 450/3 | €23,014 | €30,617 | +€7,603 | +33.0% |
| Remuneration and social security | 454/9 | €157,530 | €154,384 | -€3,146 | -2.0% |
| Other amounts payable | 47/48 | €1,290 | €1,748 | +€458 | +35.5% |
| Accrued charges and deferred income | 492/3 | €16,675 | - | -€16,675 | |
| Remuneration, social security and pensions | 62 | €852,839 | €907,938 | +€55,098 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,612 | €7,856 | +€244 | +3.2% |
| Other operating charges | 640/8 | €10,767 | €28,813 | +€18,046 | +168% |
| Gross operating margin | 9900 | €875,787 | €959,157 | +€83,370 | +9.5% |
| Operating profit (loss) | 9901 | €4,569 | €14,550 | +€9,981 | +218% |
| Financial income | 75/76B | €1,382 | €55 | -€1,327 | -96.0% |
| Recurring financial income | 75 | €1,382 | €55 | -€1,327 | -96.0% |
| Financial charges | 65/66B | €1,253 | €4,503 | +€3,250 | +259% |
| Recurring financial charges | 65 | €1,253 | €4,503 | +€3,250 | +259% |
| Profit (loss) for the period before taxes | 9903 | €4,699 | €10,102 | +€5,403 | +115% |
| Income taxes | 67/77 | €8,525 | €13,246 | +€4,721 | +55.4% |
| Profit (loss) for the period | 9904 | -€3,826 | -€3,144 | +€683 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,826 | -€3,144 | +€683 | +17.8% |
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 15 October 2026 via checked.be.