ACES Projects: 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.
ACES Projects
Largest movements
- Cash +€73,058
up €73,058 (+118.9%), from €61,422 to €134,480
mainly Net result for the year (+€53,680) and Tax, wage and social debts (+€14,681)
- Reserves +€53,680
up €53,680 (+103.0%), from €52,113 to €105,792
- Tax, wage and social debts +€14,681
up €14,681 (+72.3%), from €20,301 to €34,982
- Other debts +€4,201
new in 2025: €4,201
- Gross operating margin +€2,340
up €2,340 (+3.6%), from €65,497 to €67,837
- Taxes +€716
up €716 (+5.3%), from €13,394 to €14,110
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 | €75,541 | €147,926 | +€72,386 | +95.8% |
| Current assets | 29/58 | €75,541 | €147,926 | +€72,386 | +95.8% |
| Amounts receivable within one year | 40/41 | €13,701 | €13,447 | -€254 | -1.9% |
| Trade receivables | 40 | €12,758 | €13,447 | +€689 | +5.4% |
| Other amounts receivable | 41 | €943 | €0 | -€943 | -100.0% |
| Cash at bank and in hand | 54/58 | €61,422 | €134,480 | +€73,058 | +118.9% |
| Deferred charges and accrued income | 490/1 | €417 | €0 | -€417 | -100.0% |
| Total equity and liabilities | 10/49 | €75,541 | €147,926 | +€72,386 | +95.8% |
| Equity | 10/15 | €54,613 | €108,292 | +€53,680 | +98.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €52,113 | €105,792 | +€53,680 | +103.0% |
| Distributable reserves | 133 | €52,113 | €105,792 | +€53,680 | +103.0% |
| Amounts payable | 17/49 | €20,928 | €39,634 | +€18,706 | +89.4% |
| Amounts payable within one year | 42/48 | €20,928 | €39,634 | +€18,706 | +89.4% |
| Trade debts | 44 | €627 | €451 | -€176 | -28.1% |
| Suppliers | 440/4 | €627 | €451 | -€176 | -28.1% |
| Taxes, remuneration and social security | 45 | €20,301 | €34,982 | +€14,681 | +72.3% |
| Taxes | 450/3 | €20,301 | €34,982 | +€14,681 | +72.3% |
| Other amounts payable | 47/48 | - | €4,201 | +€4,201 | |
| Other operating charges | 640/8 | €23 | €0 | -€23 | -100.0% |
| Gross operating margin | 9900 | €65,497 | €67,837 | +€2,340 | +3.6% |
| Operating profit (loss) | 9901 | €65,474 | €67,837 | +€2,363 | +3.6% |
| Financial income | 75/76B | €63 | €0 | -€63 | -100.0% |
| Recurring financial income | 75 | €63 | €0 | -€63 | -100.0% |
| Financial charges | 65/66B | €30 | €47 | +€17 | +57.2% |
| Recurring financial charges | 65 | €30 | €47 | +€17 | +57.2% |
| Profit (loss) for the period before taxes | 9903 | €65,506 | €67,790 | +€2,283 | +3.5% |
| Income taxes | 67/77 | €13,394 | €14,110 | +€716 | +5.3% |
| Profit (loss) for the period | 9904 | €52,113 | €53,680 | +€1,567 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,113 | €53,680 | +€1,567 | +3.0% |
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 3 October 2026 via checked.be.