ACCEL8: 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.
ACCEL8
Largest movements
- Cash +€53,454
up €53,454 (+328.8%), from €16,256 to €69,711
mainly Net result for the year (+€34,513) and Receivables within one year (+€12,221)
- Receivables within one year -€12,221
down €12,221 (-39.3%), from €31,085 to €18,864
of which Trade receivables: -€12,265
- Tangible fixed assets +€2,985
up €2,985 (+156.0%), from €1,914 to €4,899
of which Furniture and vehicles: +€1,553
- Reserves +€34,513
up €34,513 (+102.5%), from €33,655 to €68,169
- Tax, wage and social debts +€7,294
up €7,294 (+64.7%), from €11,273 to €18,568
- Trade debts +€2,872
up €2,872 (+104.3%), from €2,753 to €5,624
- Taxes +€950
up €950 (+10.8%), from €8,823 to €9,773
- Gross operating margin +€865
up €865 (+1.9%), from €46,614 to €47,479
- Depreciation -€859
down €859 (-38.9%), from €2,208 to €1,350
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 | €51,075 | €95,749 | +€44,673 | +87.5% |
| Fixed assets | 21/28 | €1,914 | €4,899 | +€2,985 | +156.0% |
| Tangible fixed assets | 22/27 | €1,914 | €4,899 | +€2,985 | +156.0% |
| Plant, machinery and equipment | 23 | €748 | €2,180 | +€1,432 | +191.5% |
| Furniture and vehicles | 24 | €1,166 | €2,719 | +€1,553 | +133.2% |
| Current assets | 29/58 | €49,161 | €90,849 | +€41,688 | +84.8% |
| Amounts receivable within one year | 40/41 | €31,085 | €18,864 | -€12,221 | -39.3% |
| Trade receivables | 40 | €30,246 | €17,980 | -€12,265 | -40.6% |
| Other amounts receivable | 41 | €840 | €884 | +€45 | +5.3% |
| Cash at bank and in hand | 54/58 | €16,256 | €69,711 | +€53,454 | +328.8% |
| Deferred charges and accrued income | 490/1 | €1,820 | €2,274 | +€455 | +25.0% |
| Total equity and liabilities | 10/49 | €51,075 | €95,749 | +€44,673 | +87.5% |
| Equity | 10/15 | €36,655 | €71,169 | +€34,513 | +94.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,655 | €68,169 | +€34,513 | +102.5% |
| Distributable reserves | 133 | €33,655 | €68,169 | +€34,513 | +102.5% |
| Amounts payable | 17/49 | €14,420 | €24,580 | +€10,160 | +70.5% |
| Amounts payable within one year | 42/48 | €14,420 | €24,580 | +€10,160 | +70.5% |
| Trade debts | 44 | €2,753 | €5,624 | +€2,872 | +104.3% |
| Suppliers | 440/4 | €2,753 | €5,624 | +€2,872 | +104.3% |
| Taxes, remuneration and social security | 45 | €11,273 | €18,568 | +€7,294 | +64.7% |
| Taxes | 450/3 | €11,273 | €18,568 | +€7,294 | +64.7% |
| Other amounts payable | 47/48 | €394 | €388 | -€6 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,208 | €1,350 | -€859 | -38.9% |
| Other operating charges | 640/8 | €203 | €281 | +€78 | +38.4% |
| Gross operating margin | 9900 | €46,614 | €47,479 | +€865 | +1.9% |
| Operating profit (loss) | 9901 | €44,202 | €45,848 | +€1,646 | +3.7% |
| Financial income | 75/76B | €0 | €105 | +€105 | +351233.3% |
| Recurring financial income | 75 | €0 | €105 | +€105 | +351233.3% |
| Financial charges | 65/66B | €1,725 | €1,667 | -€57 | -3.3% |
| Recurring financial charges | 65 | €1,725 | €1,667 | -€57 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €42,478 | €44,286 | +€1,808 | +4.3% |
| Income taxes | 67/77 | €8,823 | €9,773 | +€950 | +10.8% |
| Profit (loss) for the period | 9904 | €33,655 | €34,513 | +€858 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,655 | €34,513 | +€858 | +2.5% |
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 9 October 2026 via checked.be.