iACE Engineering: 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.
iACE Engineering
Largest movements
- Cash +€50,620
up €50,620 (+37.3%), from €135,589 to €186,209
mainly Net result for the year (+€48,555) and Depreciation (+€10,420)
- Tangible fixed assets -€8,358
down €8,358 (-34.4%), from €24,316 to €15,958
- Profit (loss) carried forward +€48,555
up €48,555 (+39.3%), from €123,616 to €172,171
- Other debts -€3,846
down €3,846 (-55.5%), from €6,925 to €3,079
- Gross operating margin -€1,448
down €1,448 (-1.9%), from €77,362 to €75,914
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 | €168,770 | €213,135 | +€44,365 | +26.3% |
| Fixed assets | 21/28 | €24,316 | €15,958 | -€8,358 | -34.4% |
| Tangible fixed assets | 22/27 | €24,316 | €15,958 | -€8,358 | -34.4% |
| Furniture and vehicles | 24 | €24,316 | €15,958 | -€8,358 | -34.4% |
| Current assets | 29/58 | €144,454 | €197,177 | +€52,723 | +36.5% |
| Amounts receivable within one year | 40/41 | €8,184 | €10,260 | +€2,076 | +25.4% |
| Trade receivables | 40 | €6,534 | €7,406 | +€872 | +13.3% |
| Other amounts receivable | 41 | €1,650 | €2,854 | +€1,204 | +73.0% |
| Cash at bank and in hand | 54/58 | €135,589 | €186,209 | +€50,620 | +37.3% |
| Deferred charges and accrued income | 490/1 | €681 | €708 | +€27 | +4.0% |
| Total equity and liabilities | 10/49 | €168,770 | €213,135 | +€44,365 | +26.3% |
| Equity | 10/15 | €156,616 | €205,171 | +€48,555 | +31.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,616 | €172,171 | +€48,555 | +39.3% |
| Amounts payable | 17/49 | €12,154 | €7,964 | -€4,190 | -34.5% |
| Amounts payable within one year | 42/48 | €12,154 | €7,964 | -€4,190 | -34.5% |
| Trade debts | 44 | €153 | €185 | +€32 | +20.9% |
| Suppliers | 440/4 | €153 | €185 | +€32 | +20.9% |
| Taxes, remuneration and social security | 45 | €5,076 | €4,700 | -€376 | -7.4% |
| Taxes | 450/3 | €5,076 | €4,700 | -€376 | -7.4% |
| Other amounts payable | 47/48 | €6,925 | €3,079 | -€3,846 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,095 | €10,420 | +€325 | +3.2% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.8% |
| Gross operating margin | 9900 | €77,362 | €75,914 | -€1,448 | -1.9% |
| Operating profit (loss) | 9901 | €66,698 | €64,909 | -€1,789 | -2.7% |
| Financial charges | 65/66B | €75 | €68 | -€7 | -9.3% |
| Recurring financial charges | 65 | €75 | €68 | -€7 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €66,623 | €64,841 | -€1,782 | -2.7% |
| Income taxes | 67/77 | €16,850 | €16,286 | -€564 | -3.3% |
| Profit (loss) for the period | 9904 | €49,773 | €48,555 | -€1,218 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,773 | €48,555 | -€1,218 | -2.4% |
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 11 October 2026 via checked.be.