ACCELOR: what changed
ACCELOR
Largest movements
- Current investments +€131,551
up €131,551 (+34.1%), from €385,406 to €516,957
- Cash +€16,808
up €16,808 (+3.2%), from €533,451 to €550,260
mainly Debts after one year (+€126,017) and Net result for the year (+€23,423)
- Debts after one year +€126,017
up €126,017 (+16.9%), from €744,713 to €870,730
- Profit (loss) carried forward +€23,423
up €23,423 (+43.6%), from €53,778 to €77,201
- Financial income +€15,015
up €15,015 (+86.1%), from €17,445 to €32,460
- Taxes +€4,980
up €4,980 (+176%), from €2,828 to €7,808
- Gross operating margin -€1,596
down €1,596 (-51.3%), from €3,108 to €1,512
- Financial charges +€176
up €176 (+8.7%), from €2,022 to €2,198
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €924,491 | €1,074,949 | +€150,458 | +16.3% |
| Current assets | 29/58 | €924,491 | €1,074,949 | +€150,458 | +16.3% |
| Amounts receivable within one year | 40/41 | €5,595 | €7,732 | +€2,136 | +38.2% |
| Trade receivables | 40 | - | €5,808 | +€5,808 | |
| Other amounts receivable | 41 | €5,595 | €1,924 | -€3,672 | -65.6% |
| Current investments | 50/53 | €385,406 | €516,957 | +€131,551 | +34.1% |
| Cash at bank and in hand | 54/58 | €533,451 | €550,260 | +€16,808 | +3.2% |
| Deferred charges and accrued income | 490/1 | €38 | - | -€38 | |
| Total equity and liabilities | 10/49 | €924,491 | €1,074,949 | +€150,458 | +16.3% |
| Equity | 10/15 | €179,778 | €203,201 | +€23,423 | +13.0% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,778 | €77,201 | +€23,423 | +43.6% |
| Amounts payable | 17/49 | €744,713 | €871,748 | +€127,035 | +17.1% |
| Amounts payable after more than one year | 17 | €744,713 | €870,730 | +€126,017 | +16.9% |
| Financial debts | 170/4 | €744,713 | €870,730 | +€126,017 | +16.9% |
| Amounts payable within one year | 42/48 | - | €1,018 | +€1,018 | |
| Taxes, remuneration and social security | 45 | - | €1,008 | +€1,008 | |
| Taxes | 450/3 | - | €1,008 | +€1,008 | |
| Other amounts payable | 47/48 | - | €10 | +€10 | |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €3,108 | €1,512 | -€1,596 | -51.3% |
| Operating profit (loss) | 9901 | €2,580 | €968 | -€1,612 | -62.5% |
| Financial income | 75/76B | €17,445 | €32,460 | +€15,015 | +86.1% |
| Recurring financial income | 75 | €17,445 | €32,460 | +€15,015 | +86.1% |
| Financial charges | 65/66B | €2,022 | €2,198 | +€176 | +8.7% |
| Recurring financial charges | 65 | €2,022 | €2,198 | +€176 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €18,003 | €31,230 | +€13,227 | +73.5% |
| Income taxes | 67/77 | €2,828 | €7,808 | +€4,980 | +176% |
| Profit (loss) for the period | 9904 | €15,176 | €23,423 | +€8,247 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,176 | €23,423 | +€8,247 | +54.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.