ACCO ESTATES: 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 ESTATES
Largest movements
- Tangible fixed assets +€365,508
up €365,508 (+282%), from €129,821 to €495,329
of which Land and buildings: +€495,329
- Debts after one year +€396,398
up €396,398 (+772%), from €51,356 to €447,754
of which Financial debts: +€296,398
- Other debts -€55,000
down €55,000 (-91.7%), from €60,000 to €5,000
- Current portion of long-term debt +€23,881
up €23,881 (+123%), from €19,488 to €43,369
- Gross operating margin -€112,168
down €112,168 (-63.8%), from €175,862 to €63,694
- Staff costs -€90,625
down €90,625 (-100%), from €90,625 to €0
- Depreciation +€27,457
up €27,457 (+96.9%), from €28,335 to €55,792
- Taxes -€16,296
down €16,296, from €16,039 to -€257
- Financial charges +€6,843
up €6,843 (+460%), from €1,489 to €8,332
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 | €133,966 | €497,204 | +€363,238 | +271% |
| Fixed assets | 21/28 | €129,821 | €495,329 | +€365,508 | +282% |
| Tangible fixed assets | 22/27 | €129,821 | €495,329 | +€365,508 | +282% |
| Land and buildings | 22 | - | €495,329 | +€495,329 | |
| Plant, machinery and equipment | 23 | €2,810 | €0 | -€2,810 | -100% |
| Furniture and vehicles | 24 | €12,712 | €0 | -€12,712 | -100% |
| Other tangible fixed assets | 26 | €114,299 | €0 | -€114,299 | -100% |
| Current assets | 29/58 | €4,145 | €1,875 | -€2,270 | -54.8% |
| Cash at bank and in hand | 54/58 | €4,002 | €1,875 | -€2,127 | -53.1% |
| Deferred charges and accrued income | 490/1 | €143 | - | -€143 | |
| Total equity and liabilities | 10/49 | €133,966 | €497,204 | +€363,238 | +271% |
| Equity | 10/15 | €2,122 | €1,081 | -€1,041 | -49.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,022 | €981 | -€1,041 | -51.5% |
| Amounts payable | 17/49 | €131,844 | €496,123 | +€364,279 | +276% |
| Amounts payable after more than one year | 17 | €51,356 | €447,754 | +€396,398 | +772% |
| Financial debts | 170/4 | €51,356 | €347,754 | +€296,398 | +577% |
| Other amounts payable | 178/9 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €80,488 | €48,369 | -€32,119 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €19,488 | €43,369 | +€23,881 | +123% |
| Taxes, remuneration and social security | 45 | €1,000 | - | -€1,000 | |
| Taxes | 450/3 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €60,000 | €5,000 | -€55,000 | -91.7% |
| Remuneration, social security and pensions | 62 | €90,625 | €0 | -€90,625 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,335 | €55,792 | +€27,457 | +96.9% |
| Other operating charges | 640/8 | €2,675 | €904 | -€1,771 | -66.2% |
| Gross operating margin | 9900 | €175,862 | €63,694 | -€112,168 | -63.8% |
| Operating profit (loss) | 9901 | €54,227 | €6,998 | -€47,229 | -87.1% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €1,489 | €8,332 | +€6,843 | +460% |
| Recurring financial charges | 65 | €1,489 | €8,332 | +€6,843 | +460% |
| Profit (loss) for the period before taxes | 9903 | €52,738 | -€1,298 | -€54,036 | |
| Income taxes | 67/77 | €16,039 | -€257 | -€16,296 | |
| Profit (loss) for the period | 9904 | €36,699 | -€1,041 | -€37,740 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,699 | -€1,041 | -€37,740 |
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 23 October 2026 via checked.be.