ACCIONISTA: 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.
ACCIONISTA
Largest movements
- Cash +€32,032
up €32,032 (+3,608%), from €888 to €32,919
mainly Depreciation (+€33,892) and Receivables within one year (+€21,234)
- Tangible fixed assets -€30,973
down €30,973 (-9.6%), from €322,333 to €291,360
of which Land and buildings: -€30,030
- Receivables within one year -€21,234
down €21,234 (-40.1%), from €52,973 to €31,739
of which Trade receivables: -€19,167
- Other debts -€15,779
down €15,779 (-84.9%), from €18,578 to €2,800
- Debts after one year -€14,335
down €14,335 (-12.7%), from €112,996 to €98,661
- Reserves +€5,942
up €5,942 (+2.9%), from €201,478 to €207,420
of which Distributable reserves: +€7,802
- Gross operating margin +€13,414
up €13,414 (+27.8%), from €48,176 to €61,591
- Taxes +€3,260
up €3,260 (+60.0%), from €5,434 to €8,695
- Other operating charges -€1,524
down €1,524 (-20.2%), from €7,562 to €6,038
- Depreciation -€871
down €871 (-2.5%), from €34,763 to €33,892
- Financial charges -€787
down €787 (-10.0%), from €7,878 to €7,092
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 | €377,625 | €359,901 | -€17,723 | -4.7% |
| Fixed assets | 21/28 | €322,333 | €291,360 | -€30,973 | -9.6% |
| Tangible fixed assets | 22/27 | €322,333 | €291,360 | -€30,973 | -9.6% |
| Land and buildings | 22 | €309,800 | €279,770 | -€30,030 | -9.7% |
| Plant, machinery and equipment | 23 | €894 | €291 | -€603 | -67.4% |
| Furniture and vehicles | 24 | €11,640 | €11,299 | -€341 | -2.9% |
| Current assets | 29/58 | €55,292 | €68,542 | +€13,250 | +24.0% |
| Amounts receivable within one year | 40/41 | €52,973 | €31,739 | -€21,234 | -40.1% |
| Trade receivables | 40 | €46,252 | €27,085 | -€19,167 | -41.4% |
| Other amounts receivable | 41 | €6,721 | €4,654 | -€2,067 | -30.8% |
| Cash at bank and in hand | 54/58 | €888 | €32,919 | +€32,032 | +3,608% |
| Deferred charges and accrued income | 490/1 | €1,431 | €3,883 | +€2,453 | +171% |
| Total equity and liabilities | 10/49 | €377,625 | €359,901 | -€17,723 | -4.7% |
| Equity | 10/15 | €207,678 | €213,620 | +€5,942 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €201,478 | €207,420 | +€5,942 | +2.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €17,500 | €17,500 | = | 0.0% |
| Distributable reserves | 133 | €182,118 | €189,920 | +€7,802 | +4.3% |
| Amounts payable | 17/49 | €169,947 | €146,281 | -€23,666 | -13.9% |
| Amounts payable after more than one year | 17 | €112,996 | €98,661 | -€14,335 | -12.7% |
| Financial debts | 170/4 | €112,996 | €98,661 | -€14,335 | -12.7% |
| Amounts payable within one year | 42/48 | €56,951 | €45,858 | -€11,093 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €13,670 | €14,335 | +€665 | +4.9% |
| Financial debts | 43 | - | €239 | +€239 | |
| Credit institutions | 430/8 | - | €239 | +€239 | |
| Trade debts | 44 | €16,759 | €19,620 | +€2,861 | +17.1% |
| Suppliers | 440/4 | €16,759 | €19,620 | +€2,861 | +17.1% |
| Taxes, remuneration and social security | 45 | €7,944 | €8,865 | +€921 | +11.6% |
| Taxes | 450/3 | €7,944 | €8,865 | +€921 | +11.6% |
| Other amounts payable | 47/48 | €18,578 | €2,800 | -€15,779 | -84.9% |
| Accrued charges and deferred income | 492/3 | - | €1,762 | +€1,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,763 | €33,892 | -€871 | -2.5% |
| Other operating charges | 640/8 | €7,562 | €6,038 | -€1,524 | -20.2% |
| Gross operating margin | 9900 | €48,176 | €61,591 | +€13,414 | +27.8% |
| Operating profit (loss) | 9901 | €5,851 | €21,661 | +€15,810 | +270% |
| Financial income | 75/76B | €21 | €68 | +€47 | +228% |
| Recurring financial income | 75 | €21 | €68 | +€47 | +228% |
| Financial charges | 65/66B | €7,878 | €7,092 | -€787 | -10.0% |
| Recurring financial charges | 65 | €7,878 | €7,092 | -€787 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,007 | €14,637 | +€16,644 | |
| Income taxes | 67/77 | €5,434 | €8,695 | +€3,260 | +60.0% |
| Profit (loss) for the period | 9904 | -€7,441 | €5,942 | +€13,384 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,441 | €5,942 | +€13,384 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.