Accelerate Growth: 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.
Accelerate Growth
Largest movements
- Stocks and contracts -€1.0m
no longer reported in 2025 (was €1.0m)
- Cash +€152,332
up €152,332 (+4,364%), from €3,491 to €155,823
mainly Stocks and contracts (+€1.0m) and Net result for the year (+€39,202)
- Short-term financial debts -€488,575
no longer reported in 2025 (was €488,575)
- Debts after one year -€420,400
down €420,400 (-54.8%), from €767,208 to €346,808
- Profit (loss) carried forward +€39,202
up €39,202 (+10.8%), from -€362,631 to -€323,429
- Gross operating margin +€54,857
up €54,857, from -€5,943 to €48,914
- Financial charges -€22,299
down €22,299 (-76.1%), from €29,285 to €6,986
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 | €1,160,728 | €295,029 | -€865,699 | -74.6% |
| Fixed assets | 21/28 | €138,427 | €137,836 | -€591 | -0.4% |
| Tangible fixed assets | 22/27 | €927 | €336 | -€591 | -63.8% |
| Furniture and vehicles | 24 | €927 | €336 | -€591 | -63.8% |
| Financial fixed assets | 28 | €137,500 | €137,500 | = | 0.0% |
| Current assets | 29/58 | €1,022,301 | €157,193 | -€865,108 | -84.6% |
| Stocks and contracts in progress | 3 | €1,018,698 | - | -€1.0m | |
| Stocks | 30/36 | €1,018,698 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €3,491 | €155,823 | +€152,332 | +4,364% |
| Deferred charges and accrued income | 490/1 | €112 | €1,370 | +€1,258 | +1,123% |
| Total equity and liabilities | 10/49 | €1,160,728 | €295,029 | -€865,699 | -74.6% |
| Equity | 10/15 | -€124,031 | -€84,829 | +€39,202 | +31.6% |
| Contributions | 10/11 | €238,600 | €238,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,631 | -€323,429 | +€39,202 | +10.8% |
| Amounts payable | 17/49 | €1,284,759 | €379,858 | -€904,901 | -70.4% |
| Amounts payable after more than one year | 17 | €767,208 | €346,808 | -€420,400 | -54.8% |
| Financial debts | 170/4 | €767,208 | €346,808 | -€420,400 | -54.8% |
| Amounts payable within one year | 42/48 | €517,551 | €33,050 | -€484,501 | -93.6% |
| Financial debts | 43 | €488,575 | - | -€488,575 | |
| Credit institutions | 430/8 | €488,575 | - | -€488,575 | |
| Trade debts | 44 | €26,845 | €30,115 | +€3,270 | +12.2% |
| Suppliers | 440/4 | €26,845 | €30,115 | +€3,270 | +12.2% |
| Taxes, remuneration and social security | 45 | €2,131 | €2,935 | +€804 | +37.7% |
| Taxes | 450/3 | €490 | €1,077 | +€587 | +120% |
| Remuneration and social security | 454/9 | €1,641 | €1,858 | +€217 | +13.2% |
| Remuneration, social security and pensions | 62 | €1,820 | €1,888 | +€68 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €591 | -€400 | -40.4% |
| Other operating charges | 640/8 | €281 | €247 | -€34 | -12.1% |
| Gross operating margin | 9900 | -€5,943 | €48,914 | +€54,857 | |
| Operating profit (loss) | 9901 | -€9,035 | €46,188 | +€55,223 | |
| Financial charges | 65/66B | €29,285 | €6,986 | -€22,299 | -76.1% |
| Recurring financial charges | 65 | €29,285 | €6,986 | -€22,299 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,320 | €39,202 | +€77,522 | |
| Income taxes | 67/77 | €158 | - | -€158 | |
| Profit (loss) for the period | 9904 | -€38,478 | €39,202 | +€77,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,478 | €39,202 | +€77,680 |
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 15 October 2026 via checked.be.