acerio: 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.
acerio
Largest movements
- Tangible fixed assets +€17,847
up €17,847 (+144%), from €12,368 to €30,214
of which Plant, machinery and equipment: +€20,572
- Cash -€12,554
down €12,554 (-28.6%), from €43,907 to €31,353
mainly Investment in fixed assets (net) (-€25,974) and Other debts (-€23,387)
- Current investments -€12,125
no longer reported in 2025 (was €12,125)
- Deferred charges and accrued income +€4,333
up €4,333 (+109%), from €3,959 to €8,292
- Receivables within one year +€4,123
up €4,123 (+11.7%), from €35,257 to €39,379
of which Trade receivables: +€6,604
- Other debts -€23,387
down €23,387 (-78.7%), from €29,707 to €6,319
- Trade debts +€22,290
up €22,290 (+166%), from €13,403 to €35,693
- Profit (loss) carried forward +€1,494
up €1,494 (+0.5%), from -€306,916 to -€305,422
- Gross operating margin -€45,360
down €45,360 (-59.8%), from €75,826 to €30,466
- Other operating charges -€5,206
down €5,206 (-76.6%), from €6,798 to €1,591
- Depreciation +€4,867
up €4,867 (+122%), from €3,996 to €8,863
- Staff costs -€2,003
down €2,003 (-9.9%), from €20,311 to €18,309
- Financial income +€1,712
up €1,712 (+608%), from €281 to €1,994
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 | €108,351 | €109,239 | +€888 | +0.8% |
| Fixed assets | 21/28 | €13,103 | €30,214 | +€17,111 | +131% |
| Tangible fixed assets | 22/27 | €12,368 | €30,214 | +€17,847 | +144% |
| Plant, machinery and equipment | 23 | €2,726 | €23,298 | +€20,572 | +755% |
| Furniture and vehicles | 24 | €9,642 | €6,916 | -€2,726 | -28.3% |
| Financial fixed assets | 28 | €735 | - | -€735 | |
| Current assets | 29/58 | €95,248 | €79,024 | -€16,223 | -17.0% |
| Amounts receivable within one year | 40/41 | €35,257 | €39,379 | +€4,123 | +11.7% |
| Trade receivables | 40 | €32,462 | €39,066 | +€6,604 | +20.3% |
| Other amounts receivable | 41 | €2,794 | €313 | -€2,482 | -88.8% |
| Current investments | 50/53 | €12,125 | - | -€12,125 | |
| Cash at bank and in hand | 54/58 | €43,907 | €31,353 | -€12,554 | -28.6% |
| Deferred charges and accrued income | 490/1 | €3,959 | €8,292 | +€4,333 | +109% |
| Total equity and liabilities | 10/49 | €108,351 | €109,239 | +€888 | +0.8% |
| Equity | 10/15 | -€109,882 | -€108,388 | +€1,494 | +1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €178,435 | €178,435 | = | 0.0% |
| Distributable reserves | 133 | €178,435 | €178,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€306,916 | -€305,422 | +€1,494 | +0.5% |
| Amounts payable | 17/49 | €218,232 | €217,626 | -€606 | -0.3% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,232 | €42,626 | -€606 | -1.4% |
| Trade debts | 44 | €13,403 | €35,693 | +€22,290 | +166% |
| Suppliers | 440/4 | €13,403 | €35,693 | +€22,290 | +166% |
| Taxes, remuneration and social security | 45 | €123 | €614 | +€491 | +400% |
| Taxes | 450/3 | - | €614 | +€614 | |
| Remuneration and social security | 454/9 | €123 | - | -€123 | |
| Other amounts payable | 47/48 | €29,707 | €6,319 | -€23,387 | -78.7% |
| Remuneration, social security and pensions | 62 | €20,311 | €18,309 | -€2,003 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,996 | €8,863 | +€4,867 | +122% |
| Other operating charges | 640/8 | €6,798 | €1,591 | -€5,206 | -76.6% |
| Gross operating margin | 9900 | €75,826 | €30,466 | -€45,360 | -59.8% |
| Operating profit (loss) | 9901 | €44,721 | €1,703 | -€43,018 | -96.2% |
| Financial income | 75/76B | €281 | €1,994 | +€1,712 | +608% |
| Recurring financial income | 75 | €281 | €1,994 | +€1,712 | +608% |
| Financial charges | 65/66B | €461 | €905 | +€443 | +96.1% |
| Recurring financial charges | 65 | €461 | €905 | +€443 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €44,541 | €2,793 | -€41,748 | -93.7% |
| Income taxes | 67/77 | €602 | €1,299 | +€697 | +116% |
| Profit (loss) for the period | 9904 | €43,939 | €1,494 | -€42,445 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,939 | €1,494 | -€42,445 | -96.6% |
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 14 October 2026 via checked.be.