ACCEL: 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.
ACCEL
Largest movements
- Receivables within one year -€29,418
down €29,418 (-35.4%), from €83,204 to €53,787
of which Trade receivables: -€24,111
- Cash +€17,807
up €17,807 (+218.4%), from €8,155 to €25,961
mainly Receivables within one year (+€29,418) and Trade debts (+€10,188)
- Stocks and contracts +€4,196
up €4,196 (+13.5%), from €30,999 to €35,196
- Trade debts +€10,188
up €10,188 (+37.5%), from €27,204 to €37,392
- Debts after one year -€9,953
down €9,953 (-52.1%), from €19,095 to €9,142
- Profit (loss) carried forward -€4,299
down €4,299 (-8.8%), from €48,911 to €44,613
- Tax, wage and social debts -€4,062
down €4,062 (-39.4%), from €10,313 to €6,251
- Gross operating margin -€12,102
down €12,102 (-80.0%), from €15,119 to €3,017
- Other operating charges -€3,123
down €3,123 (-61.4%), from €5,091 to €1,968
- Taxes -€2,224
down €2,224 (-94.3%), from €2,360 to €135
- Financial income -€1,006
down €1,006 (-73.0%), from €1,378 to €372
- Depreciation +€968
up €968 (+53.8%), from €1,800 to €2,768
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 | €135,304 | €127,178 | -€8,126 | -6.0% |
| Fixed assets | 21/28 | €9,209 | €9,441 | +€232 | +2.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €8,959 | €9,191 | +€232 | +2.6% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €5,966 | €3,817 | -€2,150 | -36.0% |
| Other tangible fixed assets | 26 | €2,992 | €5,374 | +€2,382 | +79.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €126,095 | €117,737 | -€8,358 | -6.6% |
| Stocks and contracts in progress | 3 | €30,999 | €35,196 | +€4,196 | +13.5% |
| Stocks | 30/36 | €30,999 | €35,196 | +€4,196 | +13.5% |
| Amounts receivable within one year | 40/41 | €83,204 | €53,787 | -€29,418 | -35.4% |
| Trade receivables | 40 | €73,568 | €49,457 | -€24,111 | -32.8% |
| Other amounts receivable | 41 | €9,636 | €4,330 | -€5,307 | -55.1% |
| Cash at bank and in hand | 54/58 | €8,155 | €25,961 | +€17,807 | +218.4% |
| Deferred charges and accrued income | 490/1 | €3,737 | €2,793 | -€943 | -25.2% |
| Total equity and liabilities | 10/49 | €135,304 | €127,178 | -€8,126 | -6.0% |
| Equity | 10/15 | €78,692 | €74,393 | -€4,299 | -5.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €4,781 | €4,781 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,281 | €2,281 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,911 | €44,613 | -€4,299 | -8.8% |
| Amounts payable | 17/49 | €56,612 | €52,785 | -€3,827 | -6.8% |
| Amounts payable after more than one year | 17 | €19,095 | €9,142 | -€9,953 | -52.1% |
| Financial debts | 170/4 | €19,095 | €9,142 | -€9,953 | -52.1% |
| Amounts payable within one year | 42/48 | €37,517 | €43,643 | +€6,126 | +16.3% |
| Trade debts | 44 | €27,204 | €37,392 | +€10,188 | +37.5% |
| Suppliers | 440/4 | €27,204 | €37,392 | +€10,188 | +37.5% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €10,313 | €6,251 | -€4,062 | -39.4% |
| Taxes | 450/3 | €10,313 | €6,251 | -€4,062 | -39.4% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €3,376 | €2,661 | -€715 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800 | €2,768 | +€968 | +53.8% |
| Other operating charges | 640/8 | €5,091 | €1,968 | -€3,123 | -61.4% |
| Gross operating margin | 9900 | €15,119 | €3,017 | -€12,102 | -80.0% |
| Operating profit (loss) | 9901 | €4,852 | -€4,380 | -€9,232 | |
| Financial income | 75/76B | €1,378 | €372 | -€1,006 | -73.0% |
| Recurring financial income | 75 | €1,378 | €372 | -€1,006 | -73.0% |
| Financial charges | 65/66B | €135 | €155 | +€20 | +15.1% |
| Recurring financial charges | 65 | €135 | €155 | +€20 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €6,095 | -€4,163 | -€10,259 | |
| Income taxes | 67/77 | €2,360 | €135 | -€2,224 | -94.3% |
| Profit (loss) for the period | 9904 | €3,736 | -€4,299 | -€8,034 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,736 | -€4,299 | -€8,034 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.