Accent: 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.
What changed
Accent
NACE 18.130, Pre-press and pre-media services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · -€12.5m+€15.5m
Equity
€199.1m
2024 · €38.4m+€160.7m
Cash
€1.2m
2024 · €4.0m-€2.8m
Balance sheet total
€416.2m
2024 · €302.4m+€113.9m
Largest movements
Assets
- Financial fixed assets +€152.4m
up €152.4m (+62.2%), from €245.1m to €397.4m
of which Affiliated companies: +€152.4m
- Receivables within one year -€38.4m
down €38.4m (-92.6%), from €41.5m to €3.1m
of which Other amounts receivable: -€37.7m
Equity and liabilities
- Contributions +€157.5m
up €157.5m (+302.3%), from €52.1m to €209.6m
of which Outside capital: +€133.7m
- Other debts -€30.6m
down €30.6m (-88.1%), from €34.7m to €4.1m
- Current portion of long-term debt -€27.2m
down €27.2m (-99.2%), from €27.4m to €220,759
- Debts after one year +€12.8m
up €12.8m (+6.6%), from €195.0m to €207.8m
of which Other amounts payable: +€151.8m
Income statement
- Financial charges -€20.5m
down €20.5m (-57.7%), from €35.5m to €15.0m
of which Non-recurring financial charges: -€20.5m
- Financial income -€3.1m
down €3.1m (-15.5%), from €19.9m to €16.8m
- Turnover +€2.1m
up €2.1m (+6.5%), from €33.1m to €35.3m
- Services and other goods +€2.0m
up €2.0m (+33.6%), from €6.0m to €8.0m
- Goods and materials +€853,071
up €853,071 (+4.9%), from €17.6m to €18.4m
of which Purchases: +€459,342
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.
Result 2024
-€12.5m
Turnover
+€2.1m
Other operating income
+€116,185
Goods and materials
-€853,071
Services and other goods
-€2.0m
Staff costs
-€262,253
Depreciation
-€489,637
Write-downs
-€197,043
Other operating charges
-€592,531
Other operating items
+€178,566
Financial income
-€3.1m
Financial charges
+€20.5m
Taxes
+€60,346
Deferred taxes and other
+€772
Result 2025
€3.1m
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.
From operations
+€11.1m
Investment
-€157.1m
Financing
+€143.3m
Cash 2024
€4.0m
From operations (derived)
+€11.1m
Net result for the year
+€3.1m
Depreciation
+€1.7m
Smaller working-capital items
+€526,070
Receivables within one year
+€38.4m
Other debts
-€30.6m
Accrued charges and deferred income
-€2.0m
Investment (derived)
-€157.1m
Investment in fixed assets (net)
-€157.1m
Financing
+€143.3m
Debts after one year
+€12.8m
Current portion of long-term debt
-€27.2m
Contributions, distributions and other
+€157.6m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,380,658 | €416,236,203 | +€113.9m | +37.7% |
| Fixed assets | 21/28 | €251,788,139 | €407,271,987 | +€155.5m | +61.8% |
| Intangible fixed assets | 21 | €915,059 | €774,608 | -€140,450 | -15.3% |
| Tangible fixed assets | 22/27 | €5,812,485 | €9,058,606 | +€3.2m | +55.8% |
| Land and buildings | 22 | €3,164,045 | €4,501,889 | +€1.3m | +42.3% |
| Plant, machinery and equipment | 23 | €1,381,737 | €2,260,159 | +€878,422 | +63.6% |
| Furniture and vehicles | 24 | €217,616 | €411,486 | +€193,870 | +89.1% |
| Leasing and similar rights | 25 | €478,264 | €838,974 | +€360,710 | +75.4% |
| Other tangible fixed assets | 26 | €570,823 | €704,365 | +€133,542 | +23.4% |
| Assets under construction and advance payments | 27 | - | €341,733 | +€341,733 | |
| Financial fixed assets | 28 | €245,060,596 | €397,438,773 | +€152.4m | +62.2% |
| Affiliated companies | 280/1 | €245,056,539 | €397,434,332 | +€152.4m | +62.2% |
| Participating interests | 280 | €245,056,539 | €397,434,332 | +€152.4m | +62.2% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €4,057 | €4,441 | +€384 | +9.5% |
| Amounts receivable and cash guarantees | 285/8 | €4,057 | €4,441 | +€384 | +9.5% |
| Current assets | 29/58 | €50,592,518 | €8,964,216 | -€41.6m | -82.3% |
| Amounts receivable after more than one year | 29 | €393,063 | €133,300 | -€259,763 | -66.1% |
| Other amounts receivable | 291 | €393,063 | €133,300 | -€259,763 | -66.1% |
| Stocks and contracts in progress | 3 | €3,274,516 | €3,187,912 | -€86,605 | -2.6% |
| Stocks | 30/36 | €2,336,094 | €2,180,601 | -€155,493 | -6.7% |
| Raw materials and consumables | 30/31 | €2,127,207 | €1,906,631 | -€220,576 | -10.4% |
| Work in progress | 32 | €208,887 | €273,970 | +€65,083 | +31.2% |
| Contracts in progress | 37 | €938,422 | €1,007,311 | +€68,888 | +7.3% |
| Amounts receivable within one year | 40/41 | €41,467,514 | €3,050,091 | -€38.4m | -92.6% |
| Trade receivables | 40 | €2,412,271 | €1,713,288 | -€698,983 | -29.0% |
| Other amounts receivable | 41 | €39,055,243 | €1,336,803 | -€37.7m | -96.6% |
| Current investments | 50/53 | €1,200,000 | €1,200,000 | = | 0.0% |
| Own shares | 50 | €1,200,000 | €1,200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,973,256 | €1,221,182 | -€2.8m | -69.3% |
| Deferred charges and accrued income | 490/1 | €284,169 | €171,731 | -€112,438 | -39.6% |
| Total equity and liabilities | 10/49 | €302,380,658 | €416,236,203 | +€113.9m | +37.7% |
| Equity | 10/15 | €38,409,578 | €199,088,069 | +€160.7m | +418.3% |
| Contributions | 10/11 | €52,100,000 | €209,582,957 | +€157.5m | +302.3% |
| Capital | 10 | €52,100,000 | €75,878,440 | +€23.8m | +45.6% |
| Issued capital | 100 | €52,100,000 | €75,878,440 | +€23.8m | +45.6% |
| Outside capital | 11 | - | €133,704,517 | +€133.7m | |
| Share premium | 1100/10 | - | €133,704,517 | +€133.7m | |
| Revaluation surpluses | 12 | €164,632 | €303,514 | +€138,882 | +84.4% |
| Reserves | 13 | €1,592,352 | €1,554,706 | -€37,646 | -2.4% |
| Non-distributable reserves | 130/1 | €1,210,015 | €1,210,015 | = | 0.0% |
| Legal reserve | 130 | €10,015 | €10,015 | = | 0.0% |
| Own shares acquired | 1312 | €1,200,000 | €1,200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €382,337 | €344,691 | -€37,646 | -9.8% |
| Profit (loss) carried forward | 14 | -€15,447,407 | -€12,353,108 | +€3.1m | +20.0% |
| Provisions and deferred taxes | 16 | €77,642 | €65,094 | -€12,549 | -16.2% |
| Deferred taxes | 168 | €77,642 | €65,094 | -€12,549 | -16.2% |
| Amounts payable | 17/49 | €263,893,437 | €217,083,041 | -€46.8m | -17.7% |
| Amounts payable after more than one year | 17 | €194,951,550 | €207,753,912 | +€12.8m | +6.6% |
| Financial debts | 170/4 | €139,650,296 | €629,698 | -€139.0m | -99.5% |
| Leasing and similar obligations | 172 | €288,492 | €629,698 | +€341,206 | +118.3% |
| Credit institutions | 173 | €139,361,804 | €0 | -€139.4m | -100.0% |
| Other amounts payable | 178/9 | €55,301,255 | €207,124,214 | +€151.8m | +274.5% |
| Amounts payable within one year | 42/48 | €66,922,328 | €9,267,166 | -€57.7m | -86.2% |
| Current portion of amounts payable after more than one year | 42 | €27,387,267 | €220,759 | -€27.2m | -99.2% |
| Trade debts | 44 | €3,509,840 | €3,684,804 | +€174,964 | +5.0% |
| Suppliers | 440/4 | €3,509,840 | €3,684,804 | +€174,964 | +5.0% |
| Taxes, remuneration and social security | 45 | €1,311,492 | €1,216,340 | -€95,152 | -7.3% |
| Taxes | 450/3 | €408,945 | €289,965 | -€118,980 | -29.1% |
| Remuneration and social security | 454/9 | €902,547 | €926,375 | +€23,828 | +2.6% |
| Other amounts payable | 47/48 | €34,713,729 | €4,145,263 | -€30.6m | -88.1% |
| Accrued charges and deferred income | 492/3 | €2,019,559 | €61,962 | -€2.0m | -96.9% |
| Operating income | 70/76A | €33,386,857 | €35,814,542 | +€2.4m | +7.3% |
| Turnover | 70 | €33,126,981 | €35,269,277 | +€2.1m | +6.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€41,304 | €105,688 | +€146,991 | |
| Other operating income | 74 | €258,328 | €374,513 | +€116,185 | +45.0% |
| Non-recurring operating income | 76A | €42,852 | €65,065 | +€22,212 | +51.8% |
| Operating charges | 60/66A | €30,231,358 | €34,627,853 | +€4.4m | +14.5% |
| Goods for resale, raw materials and consumables | 60 | €17,581,216 | €18,434,287 | +€853,071 | +4.9% |
| Purchases | 600/8 | €17,846,180 | €18,305,522 | +€459,342 | +2.6% |
| Change in stocks: decrease (increase) | 609 | -€264,964 | €128,765 | +€393,730 | |
| Services and other goods | 61 | €5,994,379 | €8,005,702 | +€2.0m | +33.6% |
| Remuneration, social security and pensions | 62 | €5,514,471 | €5,776,723 | +€262,253 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,164,721 | €1,654,358 | +€489,637 | +42.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€117,753 | €79,289 | +€197,043 | |
| Other operating charges | 640/8 | €59,794 | €652,325 | +€592,531 | +991.0% |
| Non-recurring operating charges | 66A | €34,531 | €25,168 | -€9,362 | -27.1% |
| Operating profit (loss) | 9901 | €3,155,500 | €1,186,689 | -€2.0m | -62.4% |
| Financial income | 75/76B | €19,911,109 | €16,831,194 | -€3.1m | -15.5% |
| Recurring financial income | 75 | €19,911,109 | €16,831,194 | -€3.1m | -15.5% |
| Income from financial fixed assets | 750 | €18,109,976 | €15,281,992 | -€2.8m | -15.6% |
| Income from current assets | 751 | €1,387,140 | €1,132,686 | -€254,454 | -18.3% |
| Other financial income | 752/9 | €413,992 | €416,515 | +€2,523 | +0.6% |
| Financial charges | 65/66B | €35,503,495 | €15,001,003 | -€20.5m | -57.7% |
| Recurring financial charges | 65 | €15,003,495 | €15,001,003 | -€2,492 | 0.0% |
| Debt charges | 650 | €14,775,614 | €14,884,375 | +€108,761 | +0.7% |
| Other financial charges | 652/9 | €227,881 | €116,628 | -€111,253 | -48.8% |
| Non-recurring financial charges | 66B | €20,500,000 | €0 | -€20.5m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,436,887 | €3,016,880 | +€15.5m | |
| Transfer from deferred taxes | 780 | €11,777 | €12,549 | +€772 | +6.6% |
| Income taxes | 67/77 | €33,123 | -€27,223 | -€60,346 | |
| Taxes | 670/3 | €33,123 | €0 | -€33,123 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €27,223 | +€27,223 | |
| Profit (loss) for the period | 9904 | -€12,458,233 | €3,056,652 | +€15.5m | |
| Transfer from tax-exempt reserves | 789 | €35,330 | €37,646 | +€2,317 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,422,903 | €3,094,298 | +€15.5m |
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 30 September 2026 via checked.be.