ACET: 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.
ACET
Largest movements
- Tangible fixed assets -€9,949
down €9,949 (-2.9%), from €338,355 to €328,406
- Cash -€7,415
down €7,415 (-99.9%), from €7,425 to €11
mainly Debts after one year (-€22,930) and Net result for the year (-€998)
- Receivables within one year -€6,333
down €6,333 (-70.8%), from €8,944 to €2,611
of which Trade receivables: -€6,000
- Debts after one year -€22,930
down €22,930 (-27.7%), from €82,921 to €59,991
of which Financial debts: -€22,930
- Gross operating margin -€2,272
down €2,272 (-14.1%), from €16,060 to €13,788
- Financial charges +€1,038
up €1,038 (+91.7%), from €1,133 to €2,171
- Other operating charges -€928
down €928 (-25.8%), from €3,594 to €2,666
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,087 | €331,391 | -€23,696 | -6.7% |
| Fixed assets | 21/28 | €338,718 | €328,769 | -€9,949 | -2.9% |
| Tangible fixed assets | 22/27 | €338,355 | €328,406 | -€9,949 | -2.9% |
| Land and buildings | 22 | €338,355 | €328,406 | -€9,949 | -2.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €16,369 | €2,622 | -€13,748 | -84.0% |
| Amounts receivable within one year | 40/41 | €8,944 | €2,611 | -€6,333 | -70.8% |
| Trade receivables | 40 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 41 | €2,944 | €2,611 | -€333 | -11.3% |
| Cash at bank and in hand | 54/58 | €7,425 | €11 | -€7,415 | -99.9% |
| Total equity and liabilities | 10/49 | €355,087 | €331,391 | -€23,696 | -6.7% |
| Equity | 10/15 | €166,561 | €165,563 | -€998 | -0.6% |
| Contributions | 10/11 | €167,600 | €167,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,039 | -€2,037 | -€998 | -96.0% |
| Amounts payable | 17/49 | €188,526 | €165,828 | -€22,699 | -12.0% |
| Amounts payable after more than one year | 17 | €82,921 | €59,991 | -€22,930 | -27.7% |
| Financial debts | 170/4 | €78,521 | €55,591 | -€22,930 | -29.2% |
| Other amounts payable | 178/9 | €4,400 | €4,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €105,605 | €105,837 | +€231 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €21,899 | €21,684 | -€215 | -1.0% |
| Trade debts | 44 | €8,343 | €8,789 | +€446 | +5.4% |
| Suppliers | 440/4 | €8,343 | €8,789 | +€446 | +5.4% |
| Other amounts payable | 47/48 | €75,363 | €75,363 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,949 | €9,949 | = | 0.0% |
| Other operating charges | 640/8 | €3,594 | €2,666 | -€928 | -25.8% |
| Gross operating margin | 9900 | €16,060 | €13,788 | -€2,272 | -14.1% |
| Operating profit (loss) | 9901 | €2,517 | €1,173 | -€1,344 | -53.4% |
| Financial charges | 65/66B | €1,133 | €2,171 | +€1,038 | +91.7% |
| Recurring financial charges | 65 | €1,133 | €2,171 | +€1,038 | +91.7% |
| Profit (loss) for the period before taxes | 9903 | €1,384 | -€998 | -€2,382 | |
| Profit (loss) for the period | 9904 | €1,384 | -€998 | -€2,382 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,384 | -€998 | -€2,382 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.