ACESO: 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.
ACESO
Largest movements
- Cash -€30,356
down €30,356 (-40.9%), from €74,202 to €43,846
mainly Contributions, distributions and other (-€58,000) and Other debts (-€13,146)
- Tangible fixed assets +€2,377
up €2,377 (+216.9%), from €1,096 to €3,472
of which Plant, machinery and equipment: +€2,819
- Receivables within one year +€1,103
up €1,103 (+8.4%), from €13,166 to €14,269
of which Other amounts receivable: +€2,406
- Other debts -€13,146
down €13,146 (-65.3%), from €20,146 to €7,000
- Reserves -€10,846
down €10,846 (-17.0%), from €63,758 to €52,912
- Tax, wage and social debts -€2,003
down €2,003 (-51.0%), from €3,928 to €1,925
- Taxes -€1,527
down €1,527 (-12.2%), from €12,565 to €11,039
- Financial charges -€1,193
down €1,193 (-36.3%), from €3,286 to €2,093
- Other operating charges +€669
up €669 (+112.8%), from €593 to €1,262
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 | €89,557 | €63,539 | -€26,018 | -29.1% |
| Fixed assets | 21/28 | €1,096 | €3,472 | +€2,377 | +216.9% |
| Tangible fixed assets | 22/27 | €1,096 | €3,472 | +€2,377 | +216.9% |
| Plant, machinery and equipment | 23 | - | €2,819 | +€2,819 | |
| Furniture and vehicles | 24 | €1,096 | €653 | -€443 | -40.4% |
| Current assets | 29/58 | €88,461 | €60,066 | -€28,395 | -32.1% |
| Amounts receivable within one year | 40/41 | €13,166 | €14,269 | +€1,103 | +8.4% |
| Trade receivables | 40 | €13,166 | €11,862 | -€1,303 | -9.9% |
| Other amounts receivable | 41 | - | €2,406 | +€2,406 | |
| Cash at bank and in hand | 54/58 | €74,202 | €43,846 | -€30,356 | -40.9% |
| Deferred charges and accrued income | 490/1 | €1,093 | €1,951 | +€858 | +78.5% |
| Total equity and liabilities | 10/49 | €89,557 | €63,539 | -€26,018 | -29.1% |
| Equity | 10/15 | €63,788 | €52,942 | -€10,846 | -17.0% |
| Contributions | 10/11 | €30 | €30 | = | 0.0% |
| Reserves | 13 | €63,758 | €52,912 | -€10,846 | -17.0% |
| Distributable reserves | 133 | €63,758 | €52,912 | -€10,846 | -17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,768 | €10,597 | -€15,172 | -58.9% |
| Amounts payable within one year | 42/48 | €25,681 | €10,501 | -€15,180 | -59.1% |
| Trade debts | 44 | €1,607 | €1,576 | -€31 | -2.0% |
| Suppliers | 440/4 | €1,607 | €1,576 | -€31 | -2.0% |
| Taxes, remuneration and social security | 45 | €3,928 | €1,925 | -€2,003 | -51.0% |
| Taxes | 450/3 | €3,928 | €1,925 | -€2,003 | -51.0% |
| Other amounts payable | 47/48 | €20,146 | €7,000 | -€13,146 | -65.3% |
| Accrued charges and deferred income | 492/3 | €88 | €96 | +€8 | +9.4% |
| Non-recurring operating income | 76A | €950 | €0 | -€950 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232 | €612 | +€380 | +163.7% |
| Other operating charges | 640/8 | €593 | €1,262 | +€669 | +112.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €61,762 | €62,117 | +€355 | +0.6% |
| Operating profit (loss) | 9901 | €60,937 | €60,242 | -€694 | -1.1% |
| Financial income | 75/76B | €22 | €44 | +€22 | +98.0% |
| Recurring financial income | 75 | €22 | €44 | +€22 | +98.0% |
| Financial charges | 65/66B | €3,286 | €2,093 | -€1,193 | -36.3% |
| Recurring financial charges | 65 | €3,286 | €2,093 | -€1,193 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €57,672 | €58,192 | +€520 | +0.9% |
| Income taxes | 67/77 | €12,565 | €11,039 | -€1,527 | -12.2% |
| Profit (loss) for the period | 9904 | €45,107 | €47,154 | +€2,047 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,107 | €47,154 | +€2,047 | +4.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.