ACETOS: 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.
ACETOS
Largest movements
- Cash +€48,335
up €48,335 (+182%), from €26,512 to €74,847
mainly Net result for the year (+€75,255) and Tax, wage and social debts (+€25,134)
- Current investments +€34,272
up €34,272 (+107%), from €32,059 to €66,331
- Receivables within one year +€2,633
up €2,633 (+25.2%), from €10,435 to €13,068
of which Trade receivables: +€3,618
- Reserves +€75,255
up €75,255 (+175%), from €43,066 to €118,321
- Tax, wage and social debts +€25,134
up €25,134 (+152%), from €16,572 to €41,705
- Other debts -€12,731
down €12,731 (-73.0%), from €17,429 to €4,698
- Gross operating margin +€48,811
up €48,811 (+84.1%), from €58,054 to €106,865
- Taxes +€10,664
up €10,664 (+101%), from €10,522 to €21,187
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 | €96,206 | €183,083 | +€86,877 | +90.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €26,744 | €27,677 | +€933 | +3.5% |
| Tangible fixed assets | 22/27 | €26,744 | €27,677 | +€933 | +3.5% |
| Plant, machinery and equipment | 23 | €3,657 | €7,622 | +€3,965 | +108% |
| Furniture and vehicles | 24 | €23,087 | €17,556 | -€5,532 | -24.0% |
| Other tangible fixed assets | 26 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €69,461 | €155,406 | +€85,945 | +124% |
| Amounts receivable within one year | 40/41 | €10,435 | €13,068 | +€2,633 | +25.2% |
| Trade receivables | 40 | €9,450 | €13,068 | +€3,618 | +38.3% |
| Other amounts receivable | 41 | €985 | €0 | -€985 | -100% |
| Current investments | 50/53 | €32,059 | €66,331 | +€34,272 | +107% |
| Cash at bank and in hand | 54/58 | €26,512 | €74,847 | +€48,335 | +182% |
| Deferred charges and accrued income | 490/1 | €455 | €1,160 | +€704 | +155% |
| Total equity and liabilities | 10/49 | €96,206 | €183,083 | +€86,877 | +90.3% |
| Equity | 10/15 | €58,066 | €133,321 | +€75,255 | +130% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €43,066 | €118,321 | +€75,255 | +175% |
| Distributable reserves | 133 | €43,066 | €118,321 | +€75,255 | +175% |
| Amounts payable | 17/49 | €38,140 | €49,762 | +€11,622 | +30.5% |
| Amounts payable within one year | 42/48 | €36,323 | €48,897 | +€12,574 | +34.6% |
| Trade debts | 44 | €2,322 | €2,494 | +€172 | +7.4% |
| Suppliers | 440/4 | €2,322 | €2,494 | +€172 | +7.4% |
| Taxes, remuneration and social security | 45 | €16,572 | €41,705 | +€25,134 | +152% |
| Taxes | 450/3 | €16,572 | €41,705 | +€25,134 | +152% |
| Other amounts payable | 47/48 | €17,429 | €4,698 | -€12,731 | -73.0% |
| Accrued charges and deferred income | 492/3 | €1,817 | €865 | -€952 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,374 | €9,254 | -€121 | -1.3% |
| Other operating charges | 640/8 | €325 | €618 | +€293 | +90.1% |
| Gross operating margin | 9900 | €58,054 | €106,865 | +€48,811 | +84.1% |
| Operating profit (loss) | 9901 | €48,355 | €96,994 | +€48,639 | +101% |
| Financial income | 75/76B | €86 | €440 | +€353 | +411% |
| Recurring financial income | 75 | €86 | €440 | +€353 | +411% |
| Financial charges | 65/66B | €1,920 | €991 | -€928 | -48.4% |
| Recurring financial charges | 65 | €1,920 | €991 | -€928 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €46,522 | €96,442 | +€49,920 | +107% |
| Income taxes | 67/77 | €10,522 | €21,187 | +€10,664 | +101% |
| Profit (loss) for the period | 9904 | €35,999 | €75,255 | +€39,256 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €35,999 | €75,255 | +€39,256 | +109% |
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 15 October 2026 via checked.be.