Accad: 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.
Accad
Largest movements
- Cash -€60,306
down €60,306 (-71.7%), from €84,100 to €23,794
mainly Current investments (-€60,017) and Other debts (-€18,044)
- Current investments +€60,017
new in 2025: €60,017
- Stocks and contracts -€6,500
down €6,500 (-54.2%), from €12,000 to €5,500
- Receivables within one year -€4,246
down €4,246 (-27.5%), from €15,469 to €11,223
- Tangible fixed assets +€1,702
up €1,702 (+72.5%), from €2,347 to €4,049
of which Plant, machinery and equipment: +€2,484
- Other debts -€18,044
down €18,044 (-60.6%), from €29,778 to €11,734
- Debts after one year -€15,236
down €15,236 (-8.7%), from €175,000 to €159,764
- Current portion of long-term debt +€15,236
new in 2025: €15,236
- Profit (loss) carried forward +€10,783
up €10,783 (+6.2%), from -€173,919 to -€163,136
- Gross operating margin +€17,050
up €17,050 (+20.3%), from €84,086 to €101,136
- Staff costs +€8,997
up €8,997 (+12.0%), from €74,898 to €83,895
- Financial charges +€3,993
up €3,993 (+389.0%), from €1,026 to €5,019
- Other operating charges -€1,654
down €1,654 (-61.5%), from €2,687 to €1,034
- Write-downs -€1,513
no longer reported in 2025 (was €1,513)
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 | €113,916 | €105,030 | -€8,886 | -7.8% |
| Fixed assets | 21/28 | €2,347 | €4,049 | +€1,702 | +72.5% |
| Tangible fixed assets | 22/27 | €2,347 | €4,049 | +€1,702 | +72.5% |
| Plant, machinery and equipment | 23 | €377 | €2,861 | +€2,484 | +659.1% |
| Furniture and vehicles | 24 | €1,970 | €1,188 | -€781 | -39.7% |
| Current assets | 29/58 | €111,569 | €100,981 | -€10,588 | -9.5% |
| Stocks and contracts in progress | 3 | €12,000 | €5,500 | -€6,500 | -54.2% |
| Contracts in progress | 37 | €12,000 | €5,500 | -€6,500 | -54.2% |
| Amounts receivable within one year | 40/41 | €15,469 | €11,223 | -€4,246 | -27.5% |
| Trade receivables | 40 | €15,469 | €11,223 | -€4,246 | -27.5% |
| Current investments | 50/53 | - | €60,017 | +€60,017 | |
| Cash at bank and in hand | 54/58 | €84,100 | €23,794 | -€60,306 | -71.7% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €113,916 | €105,030 | -€8,886 | -7.8% |
| Equity | 10/15 | -€104,419 | -€93,636 | +€10,783 | +10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,919 | -€163,136 | +€10,783 | +6.2% |
| Amounts payable | 17/49 | €218,334 | €198,665 | -€19,669 | -9.0% |
| Amounts payable after more than one year | 17 | €175,000 | €159,764 | -€15,236 | -8.7% |
| Financial debts | 170/4 | €175,000 | €159,764 | -€15,236 | -8.7% |
| Amounts payable within one year | 42/48 | €43,166 | €38,902 | -€4,265 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €15,236 | +€15,236 | |
| Trade debts | 44 | €1,703 | €674 | -€1,029 | -60.4% |
| Suppliers | 440/4 | €1,703 | €674 | -€1,029 | -60.4% |
| Taxes, remuneration and social security | 45 | €11,686 | €11,257 | -€429 | -3.7% |
| Taxes | 450/3 | €3,578 | €11,257 | +€7,678 | +214.6% |
| Remuneration and social security | 454/9 | €8,107 | - | -€8,107 | |
| Other amounts payable | 47/48 | €29,778 | €11,734 | -€18,044 | -60.6% |
| Accrued charges and deferred income | 492/3 | €168 | - | -€168 | |
| Remuneration, social security and pensions | 62 | €74,898 | €83,895 | +€8,997 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,403 | €1,278 | -€125 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,513 | - | -€1,513 | |
| Other operating charges | 640/8 | €2,687 | €1,034 | -€1,654 | -61.5% |
| Gross operating margin | 9900 | €84,086 | €101,136 | +€17,050 | +20.3% |
| Operating profit (loss) | 9901 | €3,585 | €14,929 | +€11,344 | +316.5% |
| Financial income | 75/76B | €1,220 | €867 | -€354 | -29.0% |
| Recurring financial income | 75 | €1,220 | €867 | -€354 | -29.0% |
| Financial charges | 65/66B | €1,026 | €5,019 | +€3,993 | +389.0% |
| Recurring financial charges | 65 | €1,026 | €5,019 | +€3,993 | +389.0% |
| Profit (loss) for the period before taxes | 9903 | €3,779 | €10,777 | +€6,998 | +185.2% |
| Income taxes | 67/77 | €171 | -€6 | -€177 | |
| Profit (loss) for the period | 9904 | €3,608 | €10,783 | +€7,175 | +198.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,608 | €10,783 | +€7,175 | +198.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.