ACCELERATE STUDIO: 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.
ACCELERATE STUDIO
Largest movements
- Receivables within one year +€67,867
up €67,867 (+173.7%), from €39,074 to €106,941
of which Trade receivables: +€67,867
- Cash -€7,894
down €7,894 (-9.6%), from €82,286 to €74,392
mainly Receivables within one year (-€67,867) and Contributions, distributions and other (-€23,529)
- Intangible fixed assets +€2,902
up €2,902 (+220.0%), from €1,319 to €4,221
- Tax, wage and social debts +€26,126
up €26,126 (+64.9%), from €40,282 to €66,408
of which Remuneration and social security: +€16,433
- Other debts +€24,693
up €24,693 (+644.7%), from €3,830 to €28,523
- Profit (loss) carried forward +€19,413
up €19,413 (+22.9%), from €84,875 to €104,287
- Debts after one year -€5,000
down €5,000 (-75.0%), from €6,667 to €1,667
- Staff costs +€98,288
up €98,288 (+111.7%), from €87,958 to €186,245
- Gross operating margin +€91,454
up €91,454 (+57.1%), from €160,114 to €251,568
- Taxes +€4,264
up €4,264 (+43.1%), from €9,893 to €14,156
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 | €145,692 | €209,848 | +€64,157 | +44.0% |
| Fixed assets | 21/28 | €20,822 | €23,768 | +€2,947 | +14.2% |
| Intangible fixed assets | 21 | €1,319 | €4,221 | +€2,902 | +220.0% |
| Tangible fixed assets | 22/27 | €16,253 | €16,297 | +€45 | +0.3% |
| Plant, machinery and equipment | 23 | - | €802 | +€802 | |
| Furniture and vehicles | 24 | €16,253 | €15,495 | -€758 | -4.7% |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €124,870 | €186,080 | +€61,210 | +49.0% |
| Amounts receivable within one year | 40/41 | €39,074 | €106,941 | +€67,867 | +173.7% |
| Trade receivables | 40 | €36,466 | €104,334 | +€67,867 | +186.1% |
| Other amounts receivable | 41 | €2,607 | €2,607 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,286 | €74,392 | -€7,894 | -9.6% |
| Deferred charges and accrued income | 490/1 | €3,510 | €4,746 | +€1,237 | +35.2% |
| Total equity and liabilities | 10/49 | €145,692 | €209,848 | +€64,157 | +44.0% |
| Equity | 10/15 | €88,875 | €108,287 | +€19,413 | +21.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,875 | €104,287 | +€19,413 | +22.9% |
| Amounts payable | 17/49 | €56,817 | €101,561 | +€44,744 | +78.8% |
| Amounts payable after more than one year | 17 | €6,667 | €1,667 | -€5,000 | -75.0% |
| Financial debts | 170/4 | €6,667 | €1,667 | -€5,000 | -75.0% |
| Amounts payable within one year | 42/48 | €49,762 | €99,208 | +€49,446 | +99.4% |
| Financial debts | 43 | €384 | €84 | -€300 | -78.1% |
| Credit institutions | 430/8 | €384 | €84 | -€300 | -78.1% |
| Trade debts | 44 | €5,266 | €4,193 | -€1,073 | -20.4% |
| Suppliers | 440/4 | €5,266 | €4,193 | -€1,073 | -20.4% |
| Taxes, remuneration and social security | 45 | €40,282 | €66,408 | +€26,126 | +64.9% |
| Taxes | 450/3 | €16,953 | €26,645 | +€9,693 | +57.2% |
| Remuneration and social security | 454/9 | €23,330 | €39,763 | +€16,433 | +70.4% |
| Other amounts payable | 47/48 | €3,830 | €28,523 | +€24,693 | +644.7% |
| Accrued charges and deferred income | 492/3 | €388 | €686 | +€298 | +76.7% |
| Remuneration, social security and pensions | 62 | €87,958 | €186,245 | +€98,288 | +111.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,683 | €5,675 | +€992 | +21.2% |
| Other operating charges | 640/8 | €662 | €600 | -€62 | -9.4% |
| Non-recurring operating charges | 66A | - | €1,319 | +€1,319 | |
| Gross operating margin | 9900 | €160,114 | €251,568 | +€91,454 | +57.1% |
| Operating profit (loss) | 9901 | €66,812 | €57,729 | -€9,083 | -13.6% |
| Financial income | 75/76B | €121 | €8 | -€113 | -93.1% |
| Recurring financial income | 75 | €121 | €8 | -€113 | -93.1% |
| Financial charges | 65/66B | €842 | €639 | -€203 | -24.1% |
| Recurring financial charges | 65 | €842 | €639 | -€203 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €66,090 | €57,098 | -€8,992 | -13.6% |
| Income taxes | 67/77 | €9,893 | €14,156 | +€4,264 | +43.1% |
| Profit (loss) for the period | 9904 | €56,198 | €42,942 | -€13,256 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,198 | €42,942 | -€13,256 | -23.6% |
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 4 October 2026 via checked.be.