ACCO: 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.
ACCO
Largest movements
- Cash +€10,952
new in 2025: €10,952
mainly Net result for the year (+€15,921) and Depreciation (+€12,499)
- Reserves +€15,921
up €15,921 (+54.3%), from €29,340 to €45,261
of which Distributable reserves: +€15,921
- Short-term financial debts -€8,794
down €8,794 (-29.6%), from €29,736 to €20,942
- Debts after one year -€5,654
down €5,654 (-38.9%), from €14,529 to €8,875
- Current portion of long-term debt +€5,317
up €5,317 (+61.0%), from €8,722 to €14,039
- Trade debts +€5,180
up €5,180 (+94.0%), from €5,514 to €10,694
- Gross operating margin +€21,454
up €21,454 (+117%), from €18,288 to €39,742
- Taxes +€6,353
up €6,353 (+612%), from €1,038 to €7,391
- Financial charges +€648
up €648 (+13.5%), from €4,812 to €5,460
- Depreciation -€630
down €630 (-4.8%), from €13,128 to €12,499
- Financial income +€456
up €456 (+21.5%), from €2,117 to €2,573
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 | €105,672 | €118,914 | +€13,242 | +12.5% |
| Fixed assets | 21/28 | €27,463 | €28,041 | +€578 | +2.1% |
| Tangible fixed assets | 22/27 | €27,463 | €28,041 | +€578 | +2.1% |
| Land and buildings | 22 | €950 | €3,526 | +€2,576 | +271% |
| Plant, machinery and equipment | 23 | €660 | €127 | -€532 | -80.7% |
| Furniture and vehicles | 24 | €25,853 | €24,388 | -€1,466 | -5.7% |
| Current assets | 29/58 | €78,209 | €90,873 | +€12,664 | +16.2% |
| Amounts receivable within one year | 40/41 | €73,776 | €74,946 | +€1,170 | +1.6% |
| Trade receivables | 40 | €32,450 | €19,289 | -€13,161 | -40.6% |
| Other amounts receivable | 41 | €41,326 | €55,657 | +€14,331 | +34.7% |
| Cash at bank and in hand | 54/58 | - | €10,952 | +€10,952 | |
| Deferred charges and accrued income | 490/1 | €4,433 | €4,975 | +€542 | +12.2% |
| Total equity and liabilities | 10/49 | €105,672 | €118,914 | +€13,242 | +12.5% |
| Equity | 10/15 | €35,540 | €51,461 | +€15,921 | +44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,340 | €45,261 | +€15,921 | +54.3% |
| Tax-exempt reserves | 132 | €339 | €339 | = | 0.0% |
| Distributable reserves | 133 | €29,002 | €44,923 | +€15,921 | +54.9% |
| Amounts payable | 17/49 | €70,132 | €67,453 | -€2,679 | -3.8% |
| Amounts payable after more than one year | 17 | €14,529 | €8,875 | -€5,654 | -38.9% |
| Financial debts | 170/4 | €14,529 | €8,875 | -€5,654 | -38.9% |
| Amounts payable within one year | 42/48 | €55,603 | €58,578 | +€2,975 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €8,722 | €14,039 | +€5,317 | +61.0% |
| Financial debts | 43 | €29,736 | €20,942 | -€8,794 | -29.6% |
| Credit institutions | 430/8 | €29,736 | €20,942 | -€8,794 | -29.6% |
| Trade debts | 44 | €5,514 | €10,694 | +€5,180 | +94.0% |
| Suppliers | 440/4 | €5,514 | €10,694 | +€5,180 | +94.0% |
| Taxes, remuneration and social security | 45 | €11,631 | €12,903 | +€1,272 | +10.9% |
| Taxes | 450/3 | €11,631 | €12,903 | +€1,272 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,128 | €12,499 | -€630 | -4.8% |
| Other operating charges | 640/8 | €944 | €1,045 | +€101 | +10.7% |
| Gross operating margin | 9900 | €18,288 | €39,742 | +€21,454 | +117% |
| Operating profit (loss) | 9901 | €4,216 | €26,198 | +€21,982 | +521% |
| Financial income | 75/76B | €2,117 | €2,573 | +€456 | +21.5% |
| Recurring financial income | 75 | €2,117 | €2,573 | +€456 | +21.5% |
| Financial charges | 65/66B | €4,812 | €5,460 | +€648 | +13.5% |
| Recurring financial charges | 65 | €4,812 | €5,460 | +€648 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €1,521 | €23,311 | +€21,790 | +1,433% |
| Income taxes | 67/77 | €1,038 | €7,391 | +€6,353 | +612% |
| Profit (loss) for the period | 9904 | €483 | €15,921 | +€15,438 | +3,196% |
| Profit (loss) for the period to be appropriated | 9905 | €483 | €15,921 | +€15,438 | +3,196% |
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 18 October 2026 via checked.be.