ACERA: 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.
ACERA
Largest movements
- Cash +€22,497
up €22,497 (+152%), from €14,787 to €37,284
mainly Debts after one year (+€38,531) and Net result for the year (+€18,363)
- Financial fixed assets +€14,980
new in 2025: €14,980
- Tangible fixed assets -€3,178
down €3,178 (-7.5%), from €42,257 to €39,079
- Trade debts -€42,651
down €42,651 (-94.6%), from €45,080 to €2,429
- Debts after one year +€38,531
new in 2025: €38,531
- Reserves +€20,000
new in 2025: €20,000
- Tax, wage and social debts +€8,552
up €8,552 (+195%), from €4,384 to €12,936
of which Taxes: +€10,893
- Current portion of long-term debt +€8,470
new in 2025: €8,470
- Gross operating margin +€31,944
up €31,944 (+532%), from €6,007 to €37,951
- Depreciation +€9,784
up €9,784 (+20,795%), from €47 to €9,831
- Taxes +€5,685
up €5,685 (+473%), from €1,201 to €6,887
- Financial charges +€2,516
up €2,516 (+78,616%), from €3 to €2,519
- Other operating charges +€391
new in 2025: €391
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 | €58,685 | €92,631 | +€33,946 | +57.8% |
| Formation expenses | 20 | €1,230 | €976 | -€253 | -20.6% |
| Fixed assets | 21/28 | €42,257 | €54,059 | +€11,802 | +27.9% |
| Tangible fixed assets | 22/27 | €42,257 | €39,079 | -€3,178 | -7.5% |
| Furniture and vehicles | 24 | €42,257 | €39,079 | -€3,178 | -7.5% |
| Financial fixed assets | 28 | - | €14,980 | +€14,980 | |
| Current assets | 29/58 | €15,199 | €37,596 | +€22,397 | +147% |
| Amounts receivable within one year | 40/41 | €412 | €0 | -€412 | -100% |
| Other amounts receivable | 41 | €412 | €0 | -€412 | -100% |
| Cash at bank and in hand | 54/58 | €14,787 | €37,284 | +€22,497 | +152% |
| Deferred charges and accrued income | 490/1 | - | €312 | +€312 | |
| Total equity and liabilities | 10/49 | €58,685 | €92,631 | +€33,946 | +57.8% |
| Equity | 10/15 | €7,756 | €26,119 | +€18,363 | +237% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €20,000 | +€20,000 | |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €4,756 | €3,119 | -€1,637 | -34.4% |
| Amounts payable | 17/49 | €50,929 | €66,512 | +€15,583 | +30.6% |
| Amounts payable after more than one year | 17 | - | €38,531 | +€38,531 | |
| Financial debts | 170/4 | - | €38,531 | +€38,531 | |
| Amounts payable within one year | 42/48 | €50,929 | €27,981 | -€22,949 | -45.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,470 | +€8,470 | |
| Trade debts | 44 | €45,080 | €2,429 | -€42,651 | -94.6% |
| Suppliers | 440/4 | €45,080 | €2,429 | -€42,651 | -94.6% |
| Taxes, remuneration and social security | 45 | €4,384 | €12,936 | +€8,552 | +195% |
| Taxes | 450/3 | €1,526 | €12,419 | +€10,893 | +714% |
| Remuneration and social security | 454/9 | €2,858 | €517 | -€2,341 | -81.9% |
| Other amounts payable | 47/48 | €1,465 | €4,145 | +€2,680 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €9,831 | +€9,784 | +20,795% |
| Other operating charges | 640/8 | - | €391 | +€391 | |
| Gross operating margin | 9900 | €6,007 | €37,951 | +€31,944 | +532% |
| Operating profit (loss) | 9901 | €5,960 | €27,729 | +€21,769 | +365% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €3 | €2,519 | +€2,516 | +78,616% |
| Recurring financial charges | 65 | €3 | €2,519 | +€2,516 | +78,616% |
| Profit (loss) for the period before taxes | 9903 | €5,957 | €25,250 | +€19,293 | +324% |
| Income taxes | 67/77 | €1,201 | €6,887 | +€5,685 | +473% |
| Profit (loss) for the period | 9904 | €4,756 | €18,363 | +€13,607 | +286% |
| Profit (loss) for the period to be appropriated | 9905 | €4,756 | €18,363 | +€13,607 | +286% |
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.