Accelerant: 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.
Accelerant
Largest movements
- Receivables within one year -€9,400
no longer reported in 2025 (was €9,400)
- Deferred charges and accrued income +€7,000
new in 2025: €7,000
- Cash +€1,514
up €1,514 (+1.3%), from €120,460 to €121,974
mainly Net result for the year (+€22,188) and Receivables within one year (+€9,400)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€7,082
down €7,082 (-16.5%), from €43,023 to €35,941
- Taxes -€2,213
down €2,213 (-19.8%), from €11,160 to €8,947
- Financial charges -€1,626
down €1,626 (-32.5%), from €5,008 to €3,382
of which Financial charges: -€1,626
- Depreciation +€573
up €573 (+127%), from €451 to €1,024
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.
Derived cash bridge
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 | €133,573 | €133,201 | -€372 | -0.3% |
| Fixed assets | 21/28 | €3,713 | €4,227 | +€514 | +13.8% |
| Tangible fixed assets | 22/27 | €3,713 | €4,227 | +€514 | +13.8% |
| Other tangible fixed assets | 26 | €3,713 | €4,227 | +€514 | +13.8% |
| Current assets | 29/58 | €129,860 | €128,974 | -€886 | -0.7% |
| Amounts receivable within one year | 40/41 | €9,400 | - | -€9,400 | |
| Other amounts receivable | 41 | €9,400 | - | -€9,400 | |
| Cash at bank and in hand | 54/58 | €120,460 | €121,974 | +€1,514 | +1.3% |
| Deferred charges and accrued income | 490/1 | - | €7,000 | +€7,000 | |
| Total equity and liabilities | 10/49 | €133,573 | €133,201 | -€372 | -0.3% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €113,168 | €112,796 | -€372 | -0.3% |
| Amounts payable within one year | 42/48 | €113,168 | €112,796 | -€372 | -0.3% |
| Trade debts | 44 | €393 | €320 | -€73 | -18.6% |
| Suppliers | 440/4 | €393 | €320 | -€73 | -18.6% |
| Other amounts payable | 47/48 | €112,775 | €112,476 | -€299 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €1,024 | +€573 | +127% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | €43,023 | €35,941 | -€7,082 | -16.5% |
| Operating profit (loss) | 9901 | €42,185 | €34,517 | -€7,668 | -18.2% |
| Financial charges | 65/66B | €5,008 | €3,382 | -€1,626 | -32.5% |
| Recurring financial charges | 65 | €5,008 | €3,382 | -€1,626 | -32.5% |
| Non-recurring financial charges | 66B | - | €3,382 | +€3,382 | |
| Profit (loss) for the period before taxes | 9903 | €37,177 | €31,135 | -€6,042 | -16.3% |
| Income taxes | 67/77 | €11,160 | €8,947 | -€2,213 | -19.8% |
| Profit (loss) for the period | 9904 | €26,017 | €22,188 | -€3,829 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,017 | €22,188 | -€3,829 | -14.7% |
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 18 October 2026 via checked.be.