ACCAL: 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.
ACCAL
Largest movements
- Receivables after one year +€1.3m
new in 2025: €1.3m
- Receivables within one year -€1.1m
down €1.1m (-68.9%), from €1.5m to €476,881
of which Other amounts receivable: -€1.2m
- Current investments +€126,769
up €126,769 (+49.7%), from €255,233 to €382,001
- Tangible fixed assets +€119,224
up €119,224 (+31.1%), from €382,941 to €502,165
of which Other tangible fixed assets: +€166,214
- Cash -€48,611
down €48,611 (-76.9%), from €63,216 to €14,605
mainly Receivables after one year (-€1.3m) and Contributions, distributions and other (-€352,875)
- Debts after one year +€330,000
up €330,000 (+220.0%), from €150,000 to €480,000
- Other debts +€193,034
up €193,034 (+1430.6%), from €13,493 to €206,528
- Trade debts -€144,969
down €144,969 (-35.5%), from €408,655 to €263,686
- Provisions +€71,400
new in 2025: €71,400
- Reserves -€70,767
down €70,767 (-5.3%), from €1.3m to €1.3m
of which Distributable reserves: -€68,767
- Gross operating margin +€322,934
up €322,934 (+59.9%), from €539,371 to €862,305
- Provisions +€71,400
new in 2025: €71,400
- Taxes +€57,560
up €57,560 (+101.7%), from €56,615 to €114,175
- Staff costs +€38,605
up €38,605 (+15.8%), from €244,479 to €283,083
- Other operating charges +€35,122
up €35,122 (+218.9%), from €16,043 to €51,166
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 | €2,241,172 | €2,628,586 | +€387,414 | +17.3% |
| Fixed assets | 21/28 | €386,233 | €502,165 | +€115,932 | +30.0% |
| Intangible fixed assets | 21 | €3,292 | - | -€3,292 | |
| Tangible fixed assets | 22/27 | €382,941 | €502,165 | +€119,224 | +31.1% |
| Land and buildings | 22 | €96,735 | €67,557 | -€29,178 | -30.2% |
| Plant, machinery and equipment | 23 | €12,963 | €7,752 | -€5,211 | -40.2% |
| Furniture and vehicles | 24 | €63,956 | €51,354 | -€12,601 | -19.7% |
| Other tangible fixed assets | 26 | €209,288 | €375,502 | +€166,214 | +79.4% |
| Current assets | 29/58 | €1,854,939 | €2,126,421 | +€271,482 | +14.6% |
| Amounts receivable after more than one year | 29 | - | €1,250,000 | +€1.3m | |
| Other amounts receivable | 291 | - | €1,250,000 | +€1.3m | |
| Amounts receivable within one year | 40/41 | €1,531,943 | €476,881 | -€1.1m | -68.9% |
| Trade receivables | 40 | €55,069 | €238,975 | +€183,906 | +334.0% |
| Other amounts receivable | 41 | €1,476,875 | €237,906 | -€1.2m | -83.9% |
| Current investments | 50/53 | €255,233 | €382,001 | +€126,769 | +49.7% |
| Cash at bank and in hand | 54/58 | €63,216 | €14,605 | -€48,611 | -76.9% |
| Deferred charges and accrued income | 490/1 | €4,548 | €2,934 | -€1,614 | -35.5% |
| Total equity and liabilities | 10/49 | €2,241,172 | €2,628,586 | +€387,414 | +17.3% |
| Equity | 10/15 | €1,483,684 | €1,412,917 | -€70,767 | -4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,342,918 | €1,272,151 | -€70,767 | -5.3% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Tax-exempt reserves | 132 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €1,329,718 | €1,260,951 | -€68,767 | -5.2% |
| Profit (loss) carried forward | 14 | €120,766 | €120,766 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €71,400 | +€71,400 | |
| Provisions for liabilities and charges | 160/5 | - | €71,400 | +€71,400 | |
| Other liabilities and charges | 164/5 | - | €71,400 | +€71,400 | |
| Amounts payable | 17/49 | €757,488 | €1,144,269 | +€386,781 | +51.1% |
| Amounts payable after more than one year | 17 | €150,000 | €480,000 | +€330,000 | +220.0% |
| Financial debts | 170/4 | €150,000 | €480,000 | +€330,000 | +220.0% |
| Amounts payable within one year | 42/48 | €513,016 | €593,140 | +€80,124 | +15.6% |
| Trade debts | 44 | €408,655 | €263,686 | -€144,969 | -35.5% |
| Suppliers | 440/4 | €408,655 | €263,686 | -€144,969 | -35.5% |
| Advances received on contracts in progress | 46 | €11,300 | - | -€11,300 | |
| Taxes, remuneration and social security | 45 | €79,568 | €122,927 | +€43,359 | +54.5% |
| Taxes | 450/3 | €15,518 | €65,828 | +€50,310 | +324.2% |
| Remuneration and social security | 454/9 | €64,050 | €57,099 | -€6,952 | -10.9% |
| Other amounts payable | 47/48 | €13,493 | €206,528 | +€193,034 | +1430.6% |
| Accrued charges and deferred income | 492/3 | €94,472 | €71,129 | -€23,343 | -24.7% |
| Remuneration, social security and pensions | 62 | €244,479 | €283,083 | +€38,605 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,349 | €59,060 | +€3,711 | +6.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €71,400 | +€71,400 | |
| Other operating charges | 640/8 | €16,043 | €51,166 | +€35,122 | +218.9% |
| Gross operating margin | 9900 | €539,371 | €862,305 | +€322,934 | +59.9% |
| Operating profit (loss) | 9901 | €223,500 | €397,596 | +€174,095 | +77.9% |
| Financial income | 75/76B | €4,243 | €6,417 | +€2,174 | +51.2% |
| Recurring financial income | 75 | €4,243 | €6,417 | +€2,174 | +51.2% |
| Financial charges | 65/66B | €7,105 | €7,731 | +€626 | +8.8% |
| Recurring financial charges | 65 | €7,105 | €7,731 | +€626 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €220,639 | €396,282 | +€175,644 | +79.6% |
| Income taxes | 67/77 | €56,615 | €114,175 | +€57,560 | +101.7% |
| Profit (loss) for the period | 9904 | €164,024 | €282,107 | +€118,084 | +72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,024 | €282,107 | +€118,084 | +72.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.