Accipiter: 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.
Accipiter
Largest movements
- Cash +€60,212
up €60,212 (+140.3%), from €42,930 to €103,142
mainly Net result for the year (+€90,776) and Tax, wage and social debts (+€22,416)
- Receivables within one year +€31,279
new in 2025: €31,279
- Tangible fixed assets -€12,297
down €12,297 (-14.1%), from €87,473 to €75,176
of which Furniture and vehicles: -€9,801
- Reserves +€90,776
up €90,776 (+169.6%), from €53,539 to €144,315
- Tax, wage and social debts +€22,416
up €22,416 (+68.8%), from €32,559 to €54,975
- Short-term financial debts -€20,177
no longer reported in 2025 (was €20,177)
- Other debts -€13,896
down €13,896 (-65.5%), from €21,216 to €7,320
- Gross operating margin +€63,331
up €63,331 (+72.9%), from €86,862 to €150,193
- Taxes +€14,840
up €14,840 (+66.0%), from €22,472 to €37,312
- Depreciation +€11,756
up €11,756 (+124.9%), from €9,413 to €21,169
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,403 | €209,596 | +€79,194 | +60.7% |
| Fixed assets | 21/28 | €87,473 | €75,176 | -€12,297 | -14.1% |
| Tangible fixed assets | 22/27 | €87,473 | €75,176 | -€12,297 | -14.1% |
| Plant, machinery and equipment | 23 | €957 | €317 | -€640 | -66.9% |
| Furniture and vehicles | 24 | €78,431 | €68,629 | -€9,801 | -12.5% |
| Other tangible fixed assets | 26 | €8,085 | €6,230 | -€1,855 | -22.9% |
| Current assets | 29/58 | €42,930 | €134,421 | +€91,490 | +213.1% |
| Amounts receivable within one year | 40/41 | - | €31,279 | +€31,279 | |
| Trade receivables | 40 | - | €31,279 | +€31,279 | |
| Cash at bank and in hand | 54/58 | €42,930 | €103,142 | +€60,212 | +140.3% |
| Total equity and liabilities | 10/49 | €130,403 | €209,596 | +€79,194 | +60.7% |
| Equity | 10/15 | €56,039 | €146,815 | +€90,776 | +162.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €53,539 | €144,315 | +€90,776 | +169.6% |
| Distributable reserves | 133 | €53,539 | €144,315 | +€90,776 | +169.6% |
| Amounts payable | 17/49 | €74,364 | €62,782 | -€11,582 | -15.6% |
| Amounts payable within one year | 42/48 | €74,364 | €62,782 | -€11,582 | -15.6% |
| Financial debts | 43 | €20,177 | - | -€20,177 | |
| Other loans | 439 | €20,177 | - | -€20,177 | |
| Trade debts | 44 | €412 | €486 | +€74 | +18.0% |
| Suppliers | 440/4 | €412 | €486 | +€74 | +18.0% |
| Taxes, remuneration and social security | 45 | €32,559 | €54,975 | +€22,416 | +68.8% |
| Taxes | 450/3 | €32,559 | €54,975 | +€22,416 | +68.8% |
| Other amounts payable | 47/48 | €21,216 | €7,320 | -€13,896 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,413 | €21,169 | +€11,756 | +124.9% |
| Other operating charges | 640/8 | €744 | €376 | -€368 | -49.4% |
| Gross operating margin | 9900 | €86,862 | €150,193 | +€63,331 | +72.9% |
| Operating profit (loss) | 9901 | €76,705 | €128,647 | +€51,943 | +67.7% |
| Financial income | 75/76B | €30 | €20 | -€9 | -31.1% |
| Recurring financial income | 75 | €30 | €20 | -€9 | -31.1% |
| Financial charges | 65/66B | €723 | €579 | -€144 | -19.9% |
| Recurring financial charges | 65 | €723 | €579 | -€144 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €76,011 | €128,088 | +€52,077 | +68.5% |
| Income taxes | 67/77 | €22,472 | €37,312 | +€14,840 | +66.0% |
| Profit (loss) for the period | 9904 | €53,539 | €90,776 | +€37,237 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,539 | €90,776 | +€37,237 | +69.6% |
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 1 October 2026 via checked.be.