Accad QS: 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 QS
Largest movements
- Current investments +€51,000
new in 2025: €51,000
- Receivables within one year +€28,938
up €28,938 (+22.0%), from €131,594 to €160,531
of which Trade receivables: +€32,938
- Tangible fixed assets -€17,249
down €17,249 (-1.7%), from €992,095 to €974,846
of which Plant, machinery and equipment: -€21,882
- Cash -€16,867
down €16,867 (-9.7%), from €173,478 to €156,611
mainly Other debts (-€145,081) and Current investments (-€51,000)
- Other debts -€145,081
down €145,081 (-68.9%), from €210,701 to €65,620
- Reserves +€74,576
up €74,576 (+16.0%), from €466,191 to €540,767
of which Distributable reserves: +€74,576
- Debts after one year +€66,094
up €66,094 (+15.9%), from €415,496 to €481,590
- Current portion of long-term debt +€36,244
up €36,244 (+60.0%), from €60,453 to €96,696
- Gross operating margin +€102,377
up €102,377 (+28.5%), from €359,567 to €461,945
- Staff costs +€27,788
up €27,788 (+14.8%), from €187,285 to €215,073
- Write-downs +€18,913
up €18,913, from -€17,172 to €1,740
- Depreciation -€17,351
down €17,351 (-23.8%), from €72,768 to €55,416
- Other operating charges -€15,695
down €15,695 (-66.7%), from €23,547 to €7,852
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 | €1,318,490 | €1,355,519 | +€37,028 | +2.8% |
| Fixed assets | 21/28 | €992,095 | €974,846 | -€17,249 | -1.7% |
| Tangible fixed assets | 22/27 | €992,095 | €974,846 | -€17,249 | -1.7% |
| Land and buildings | 22 | €851,622 | €859,877 | +€8,255 | +1.0% |
| Plant, machinery and equipment | 23 | €126,189 | €104,307 | -€21,882 | -17.3% |
| Furniture and vehicles | 24 | €14,284 | €10,662 | -€3,622 | -25.4% |
| Current assets | 29/58 | €326,395 | €380,672 | +€54,277 | +16.6% |
| Amounts receivable within one year | 40/41 | €131,594 | €160,531 | +€28,938 | +22.0% |
| Trade receivables | 40 | €127,594 | €160,531 | +€32,938 | +25.8% |
| Other amounts receivable | 41 | €4,000 | - | -€4,000 | |
| Current investments | 50/53 | - | €51,000 | +€51,000 | |
| Cash at bank and in hand | 54/58 | €173,478 | €156,611 | -€16,867 | -9.7% |
| Deferred charges and accrued income | 490/1 | €21,323 | €12,530 | -€8,793 | -41.2% |
| Total equity and liabilities | 10/49 | €1,318,490 | €1,355,519 | +€37,028 | +2.8% |
| Equity | 10/15 | €565,809 | €638,385 | +€72,576 | +12.8% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €466,191 | €540,767 | +€74,576 | +16.0% |
| Tax-exempt reserves | 132 | €38,250 | €38,250 | = | 0.0% |
| Distributable reserves | 133 | €427,941 | €502,517 | +€74,576 | +17.4% |
| Profit (loss) carried forward | 14 | €19,052 | €17,052 | -€2,000 | -10.5% |
| Amounts payable | 17/49 | €752,682 | €717,134 | -€35,548 | -4.7% |
| Amounts payable after more than one year | 17 | €415,496 | €481,590 | +€66,094 | +15.9% |
| Financial debts | 170/4 | €415,496 | €481,590 | +€66,094 | +15.9% |
| Amounts payable within one year | 42/48 | €337,186 | €235,544 | -€101,642 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €60,453 | €96,696 | +€36,244 | +60.0% |
| Trade debts | 44 | €19,585 | €28,423 | +€8,838 | +45.1% |
| Suppliers | 440/4 | €19,585 | €28,423 | +€8,838 | +45.1% |
| Advances received on contracts in progress | 46 | €1,103 | €82 | -€1,021 | -92.6% |
| Taxes, remuneration and social security | 45 | €45,344 | €44,723 | -€621 | -1.4% |
| Taxes | 450/3 | €16,019 | €27,671 | +€11,652 | +72.7% |
| Remuneration and social security | 454/9 | €29,325 | €17,052 | -€12,273 | -41.9% |
| Other amounts payable | 47/48 | €210,701 | €65,620 | -€145,081 | -68.9% |
| Remuneration, social security and pensions | 62 | €187,285 | €215,073 | +€27,788 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,768 | €55,416 | -€17,351 | -23.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,172 | €1,740 | +€18,913 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,492 | +€7,492 | |
| Other operating charges | 640/8 | €23,547 | €7,852 | -€15,695 | -66.7% |
| Gross operating margin | 9900 | €359,567 | €461,945 | +€102,377 | +28.5% |
| Operating profit (loss) | 9901 | €93,140 | €174,372 | +€81,232 | +87.2% |
| Financial income | 75/76B | €440 | €2,472 | +€2,032 | +462.2% |
| Recurring financial income | 75 | €440 | €2,472 | +€2,032 | +462.2% |
| Financial charges | 65/66B | €24,096 | €23,448 | -€648 | -2.7% |
| Recurring financial charges | 65 | €24,096 | €23,448 | -€648 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €69,484 | €153,396 | +€83,912 | +120.8% |
| Income taxes | 67/77 | €25,409 | €38,320 | +€12,911 | +50.8% |
| Profit (loss) for the period | 9904 | €44,075 | €115,076 | +€71,001 | +161.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,075 | €115,076 | +€71,001 | +161.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.