ACCESS SYSTEMS: 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.
What changed
ACCESS SYSTEMS
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€613,032
2024 · €820,804-€207,772
Equity
€1.1m
2024 · €817,911+€253,032
Cash
€466,181
2024 · €392,852+€73,329
Balance sheet total
€4.1m
2024 · €3.4m+€709,146
Largest movements
Assets
- Tangible fixed assets +€438,011
up €438,011 (+47.2%), from €928,156 to €1.4m
of which Furniture and vehicles: +€350,559
- Receivables within one year +€311,997
up €311,997 (+32.6%), from €956,850 to €1.3m
of which Trade receivables: +€287,175
- Stocks and contracts -€112,972
down €112,972 (-10.3%), from €1.1m to €983,824
- Cash +€73,329
up €73,329 (+18.7%), from €392,852 to €466,181
mainly Net result for the year (+€613,032) and Depreciation (+€393,823)
Equity and liabilities
- Profit (loss) carried forward +€253,032
up €253,032 (+34.4%), from €735,506 to €988,538
- Advances received +€241,752
up €241,752 (+301%), from €80,206 to €321,957
- Debts after one year +€94,077
up €94,077 (+15.2%), from €617,423 to €711,500
- Trade debts -€85,404
down €85,404 (-9.5%), from €898,228 to €812,824
- Provisions +€82,300
new in 2025: €82,300
Income statement
- Staff costs +€654,612
up €654,612 (+31.0%), from €2.1m to €2.8m
- Gross operating margin +€573,354
up €573,354 (+16.3%), from €3.5m to €4.1m
- Depreciation +€157,145
up €157,145 (+66.4%), from €236,678 to €393,823
- Taxes -€49,049
down €49,049 (-16.6%), from €294,634 to €245,585
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
€820,804
Gross operating margin
+€573,354
Staff costs
-€654,612
Depreciation
-€157,145
Write-downs
+€1,729
Other operating charges
+€7,815
Other operating items
+€988
Financial income
+€1,387
Financial charges
-€30,336
Taxes
+€49,049
Result 2025
€613,032
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€822,094
Financing
-€242,212
Cash 2024
€392,852
From operations (derived)
+€1.1m
Net result for the year
+€613,032
Depreciation
+€393,823
Stocks and contracts
+€112,972
Receivables within one year
-€311,997
Deferred charges and accrued income
-€8,520
Provisions
+€82,300
Trade debts
-€85,404
Tax, wage and social debts
+€24,883
Advances received
+€241,752
Other debts
+€74,795
Investment (derived)
-€822,094
Investment in fixed assets (net)
-€822,094
Financing
-€242,212
Debts after one year
+€94,077
Current portion of long-term debt
+€23,712
Contributions, distributions and other
-€360,000
Cash 2025
€466,181
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,403,576 | €4,112,722 | +€709,146 | +20.8% |
| Fixed assets | 21/28 | €957,078 | €1,385,349 | +€428,271 | +44.7% |
| Intangible fixed assets | 21 | €28,846 | €19,106 | -€9,740 | -33.8% |
| Tangible fixed assets | 22/27 | €928,156 | €1,366,167 | +€438,011 | +47.2% |
| Land and buildings | 22 | €20,717 | €18,943 | -€1,774 | -8.6% |
| Plant, machinery and equipment | 23 | €76,662 | €201,289 | +€124,627 | +163% |
| Furniture and vehicles | 24 | €771,914 | €1,122,473 | +€350,559 | +45.4% |
| Leasing and similar rights | 25 | €49,745 | €16,352 | -€33,393 | -67.1% |
| Other tangible fixed assets | 26 | €9,118 | €7,111 | -€2,008 | -22.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €2,446,498 | €2,727,373 | +€280,875 | +11.5% |
| Stocks and contracts in progress | 3 | €1,096,796 | €983,824 | -€112,972 | -10.3% |
| Stocks | 30/36 | €1,096,796 | €983,824 | -€112,972 | -10.3% |
| Amounts receivable within one year | 40/41 | €956,850 | €1,268,847 | +€311,997 | +32.6% |
| Trade receivables | 40 | €815,801 | €1,102,976 | +€287,175 | +35.2% |
| Other amounts receivable | 41 | €141,048 | €165,871 | +€24,823 | +17.6% |
| Cash at bank and in hand | 54/58 | €392,852 | €466,181 | +€73,329 | +18.7% |
| Deferred charges and accrued income | 490/1 | €0 | €8,520 | +€8,520 | |
| Total equity and liabilities | 10/49 | €3,403,576 | €4,112,722 | +€709,146 | +20.8% |
| Equity | 10/15 | €817,911 | €1,070,943 | +€253,032 | +30.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €63,855 | €63,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €735,506 | €988,538 | +€253,032 | +34.4% |
| Provisions and deferred taxes | 16 | - | €82,300 | +€82,300 | |
| Provisions for liabilities and charges | 160/5 | - | €82,300 | +€82,300 | |
| Other liabilities and charges | 164/5 | - | €82,300 | +€82,300 | |
| Amounts payable | 17/49 | €2,585,665 | €2,959,479 | +€373,814 | +14.5% |
| Amounts payable after more than one year | 17 | €617,423 | €711,500 | +€94,077 | +15.2% |
| Financial debts | 170/4 | €617,423 | €711,500 | +€94,077 | +15.2% |
| Amounts payable within one year | 42/48 | €1,968,242 | €2,247,979 | +€279,738 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €371,537 | €395,249 | +€23,712 | +6.4% |
| Trade debts | 44 | €898,228 | €812,824 | -€85,404 | -9.5% |
| Suppliers | 440/4 | €898,228 | €812,824 | -€85,404 | -9.5% |
| Advances received on contracts in progress | 46 | €80,206 | €321,957 | +€241,752 | +301% |
| Taxes, remuneration and social security | 45 | €250,639 | €275,522 | +€24,883 | +9.9% |
| Taxes | 450/3 | €42,677 | €5,918 | -€36,759 | -86.1% |
| Remuneration and social security | 454/9 | €207,962 | €269,604 | +€61,642 | +29.6% |
| Other amounts payable | 47/48 | €367,632 | €442,427 | +€74,795 | +20.3% |
| Non-recurring operating income | 76A | €41,644 | €39,044 | -€2,600 | -6.2% |
| Remuneration, social security and pensions | 62 | €2,113,620 | €2,768,232 | +€654,612 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,678 | €393,823 | +€157,145 | +66.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,729 | €0 | -€1,729 | -100% |
| Other operating charges | 640/8 | €17,979 | €10,164 | -€7,815 | -43.5% |
| Non-recurring operating charges | 66A | €988 | €0 | -€988 | -100% |
| Gross operating margin | 9900 | €3,517,263 | €4,090,616 | +€573,354 | +16.3% |
| Operating profit (loss) | 9901 | €1,146,269 | €918,398 | -€227,871 | -19.9% |
| Financial income | 75/76B | €2,186 | €3,572 | +€1,387 | +63.4% |
| Recurring financial income | 75 | €2,186 | €3,572 | +€1,387 | +63.4% |
| Financial charges | 65/66B | €33,017 | €63,353 | +€30,336 | +91.9% |
| Recurring financial charges | 65 | €33,017 | €63,353 | +€30,336 | +91.9% |
| Profit (loss) for the period before taxes | 9903 | €1,115,438 | €858,617 | -€256,821 | -23.0% |
| Income taxes | 67/77 | €294,634 | €245,585 | -€49,049 | -16.6% |
| Profit (loss) for the period | 9904 | €820,804 | €613,032 | -€207,772 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €820,804 | €613,032 | -€207,772 | -25.3% |
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 27 October 2026 via checked.be.