ACCIONOBRAS: 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.
ACCIONOBRAS
Largest movements
- Tangible fixed assets -€13,115
down €13,115 (-32.4%), from €40,450 to €27,335
of which Furniture and vehicles: -€13,180
- Receivables within one year -€9,196
down €9,196 (-29.3%), from €31,425 to €22,229
of which Trade receivables: -€13,043
- Debts after one year -€11,406
down €11,406 (-44.9%), from €25,380 to €13,974
- Tax, wage and social debts -€9,217
down €9,217 (-72.1%), from €12,778 to €3,561
of which Taxes: -€8,664
- Profit (loss) carried forward -€4,959
down €4,959 (-186%), from -€2,660 to -€7,619
- Other debts +€4,099
up €4,099 (+27.1%), from €15,135 to €19,233
- Trade debts -€1,044
down €1,044 (-11.6%), from €8,993 to €7,949
- Gross operating margin -€24,153
down €24,153 (-37.3%), from €64,798 to €40,645
- Taxes -€6,000
down €6,000, from €3,000 to -€3,000
- Depreciation +€1,365
up €1,365 (+11.0%), from €12,421 to €13,786
- Staff costs +€1,322
up €1,322 (+4.6%), from €28,519 to €29,841
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 | €79,588 | €56,976 | -€22,612 | -28.4% |
| Fixed assets | 21/28 | €40,450 | €27,335 | -€13,115 | -32.4% |
| Tangible fixed assets | 22/27 | €40,450 | €27,335 | -€13,115 | -32.4% |
| Plant, machinery and equipment | 23 | €1,328 | €1,392 | +€64 | +4.9% |
| Furniture and vehicles | 24 | €39,122 | €25,942 | -€13,180 | -33.7% |
| Current assets | 29/58 | €39,138 | €29,641 | -€9,497 | -24.3% |
| Amounts receivable within one year | 40/41 | €31,425 | €22,229 | -€9,196 | -29.3% |
| Trade receivables | 40 | €28,425 | €15,382 | -€13,043 | -45.9% |
| Other amounts receivable | 41 | €3,000 | €6,847 | +€3,847 | +128% |
| Cash at bank and in hand | 54/58 | €5,372 | €5,165 | -€207 | -3.9% |
| Deferred charges and accrued income | 490/1 | €2,341 | €2,247 | -€94 | -4.0% |
| Total equity and liabilities | 10/49 | €79,588 | €56,976 | -€22,612 | -28.4% |
| Equity | 10/15 | €5,400 | €441 | -€4,959 | -91.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,660 | -€7,619 | -€4,959 | -186% |
| Amounts payable | 17/49 | €74,188 | €56,534 | -€17,653 | -23.8% |
| Amounts payable after more than one year | 17 | €25,380 | €13,974 | -€11,406 | -44.9% |
| Financial debts | 170/4 | €25,380 | €13,974 | -€11,406 | -44.9% |
| Amounts payable within one year | 42/48 | €48,808 | €42,149 | -€6,658 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €10,903 | €11,406 | +€503 | +4.6% |
| Financial debts | 43 | €1,000 | - | -€1,000 | |
| Credit institutions | 430/8 | €1,000 | - | -€1,000 | |
| Trade debts | 44 | €8,993 | €7,949 | -€1,044 | -11.6% |
| Suppliers | 440/4 | €8,993 | €7,949 | -€1,044 | -11.6% |
| Taxes, remuneration and social security | 45 | €12,778 | €3,561 | -€9,217 | -72.1% |
| Taxes | 450/3 | €9,382 | €718 | -€8,664 | -92.3% |
| Remuneration and social security | 454/9 | €3,396 | €2,843 | -€553 | -16.3% |
| Other amounts payable | 47/48 | €15,135 | €19,233 | +€4,099 | +27.1% |
| Accrued charges and deferred income | 492/3 | - | €411 | +€411 | |
| Remuneration, social security and pensions | 62 | €28,519 | €29,841 | +€1,322 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,421 | €13,786 | +€1,365 | +11.0% |
| Other operating charges | 640/8 | €2,936 | €2,935 | -€1 | 0.0% |
| Gross operating margin | 9900 | €64,798 | €40,645 | -€24,153 | -37.3% |
| Operating profit (loss) | 9901 | €20,921 | -€5,918 | -€26,839 | |
| Financial income | 75/76B | €118 | €17 | -€102 | -85.8% |
| Recurring financial income | 75 | €118 | €17 | -€102 | -85.8% |
| Financial charges | 65/66B | €2,413 | €2,058 | -€355 | -14.7% |
| Recurring financial charges | 65 | €2,413 | €2,058 | -€355 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €18,627 | -€7,959 | -€26,585 | |
| Income taxes | 67/77 | €3,000 | -€3,000 | -€6,000 | |
| Profit (loss) for the period | 9904 | €15,627 | -€4,959 | -€20,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,627 | -€4,959 | -€20,585 |
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 16 October 2026 via checked.be.