ACCESS MANAGEMENT: 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.
ACCESS MANAGEMENT
Largest movements
- Financial fixed assets +€109,122
up €109,122 (+56.0%), from €194,898 to €304,020
- Tangible fixed assets -€29,781
down €29,781 (-9.2%), from €323,942 to €294,162
of which Plant, machinery and equipment: -€24,452
- Cash -€25,329
down €25,329 (-33.6%), from €75,465 to €50,136
mainly Contributions, distributions and other (-€352,329) and Investment in fixed assets (net) (-€109,749)
- Other debts +€299,969
up €299,969 (+1,475%), from €20,341 to €320,310
- Reserves -€275,000
down €275,000 (-61.1%), from €450,000 to €175,000
- Tax, wage and social debts +€55,579
up €55,579 (+259%), from €21,447 to €77,026
of which Taxes: +€55,579
- Debts after one year -€29,651
down €29,651 (-12.8%), from €231,521 to €201,870
- Financial income +€21,871
up €21,871 (+343%), from €6,385 to €28,256
- Financial charges +€16,370
up €16,370, from -€4,811 to €11,560
- Taxes +€14,955
up €14,955 (+96.4%), from €15,517 to €30,473
- Gross operating margin -€7,766
down €7,766 (-5.7%), from €135,378 to €127,612
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 | €794,387 | €860,150 | +€65,763 | +8.3% |
| Fixed assets | 21/28 | €519,432 | €598,341 | +€78,909 | +15.2% |
| Intangible fixed assets | 21 | €592 | €159 | -€433 | -73.1% |
| Tangible fixed assets | 22/27 | €323,942 | €294,162 | -€29,781 | -9.2% |
| Land and buildings | 22 | €43,406 | €40,529 | -€2,878 | -6.6% |
| Plant, machinery and equipment | 23 | €275,557 | €251,105 | -€24,452 | -8.9% |
| Furniture and vehicles | 24 | €4,818 | €2,528 | -€2,290 | -47.5% |
| Other tangible fixed assets | 26 | €161 | €0 | -€161 | -100% |
| Financial fixed assets | 28 | €194,898 | €304,020 | +€109,122 | +56.0% |
| Current assets | 29/58 | €274,955 | €261,809 | -€13,146 | -4.8% |
| Amounts receivable within one year | 40/41 | €19,255 | €26,633 | +€7,378 | +38.3% |
| Trade receivables | 40 | €17,301 | €23,391 | +€6,091 | +35.2% |
| Other amounts receivable | 41 | €1,955 | €3,242 | +€1,287 | +65.9% |
| Current investments | 50/53 | €180,234 | €185,040 | +€4,806 | +2.7% |
| Cash at bank and in hand | 54/58 | €75,465 | €50,136 | -€25,329 | -33.6% |
| Total equity and liabilities | 10/49 | €794,387 | €860,150 | +€65,763 | +8.3% |
| Equity | 10/15 | €486,038 | €216,064 | -€269,974 | -55.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €7,135 | €4,806 | -€2,329 | -32.6% |
| Reserves | 13 | €450,000 | €175,000 | -€275,000 | -61.1% |
| Distributable reserves | 133 | €450,000 | €175,000 | -€275,000 | -61.1% |
| Profit (loss) carried forward | 14 | €8,444 | €15,798 | +€7,355 | +87.1% |
| Amounts payable | 17/49 | €308,349 | €644,086 | +€335,737 | +109% |
| Amounts payable after more than one year | 17 | €231,521 | €201,870 | -€29,651 | -12.8% |
| Financial debts | 170/4 | €231,521 | €201,870 | -€29,651 | -12.8% |
| Amounts payable within one year | 42/48 | €76,828 | €442,150 | +€365,321 | +476% |
| Current portion of amounts payable after more than one year | 42 | €28,490 | €29,651 | +€1,161 | +4.1% |
| Financial debts | 43 | - | €5,883 | +€5,883 | |
| Credit institutions | 430/8 | - | €5,883 | +€5,883 | |
| Trade debts | 44 | €6,550 | €4,601 | -€1,949 | -29.8% |
| Suppliers | 440/4 | €6,550 | €4,601 | -€1,949 | -29.8% |
| Advances received on contracts in progress | 46 | - | €4,678 | +€4,678 | |
| Taxes, remuneration and social security | 45 | €21,447 | €77,026 | +€55,579 | +259% |
| Taxes | 450/3 | €17,807 | €73,385 | +€55,579 | +312% |
| Remuneration and social security | 454/9 | €3,641 | €3,641 | = | 0.0% |
| Other amounts payable | 47/48 | €20,341 | €320,310 | +€299,969 | +1,475% |
| Accrued charges and deferred income | 492/3 | - | €67 | +€67 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,651 | €30,840 | +€189 | +0.6% |
| Other operating charges | 640/8 | €751 | €641 | -€110 | -14.7% |
| Non-recurring operating charges | 66A | €23,532 | €0 | -€23,532 | -100% |
| Gross operating margin | 9900 | €135,378 | €127,612 | -€7,766 | -5.7% |
| Operating profit (loss) | 9901 | €80,443 | €96,131 | +€15,688 | +19.5% |
| Financial income | 75/76B | €6,385 | €28,256 | +€21,871 | +343% |
| Recurring financial income | 75 | €6,385 | €28,256 | +€21,871 | +343% |
| Financial charges | 65/66B | -€4,811 | €11,560 | +€16,370 | |
| Recurring financial charges | 65 | -€4,811 | €11,560 | +€16,370 | |
| Profit (loss) for the period before taxes | 9903 | €91,639 | €112,827 | +€21,189 | +23.1% |
| Income taxes | 67/77 | €15,517 | €30,473 | +€14,955 | +96.4% |
| Profit (loss) for the period | 9904 | €76,122 | €82,355 | +€6,233 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,122 | €82,355 | +€6,233 | +8.2% |
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.