ACCOBEL: 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.
ACCOBEL
Largest movements
- Receivables after one year +€180,000
new in 2025: €180,000
- Current investments +€175,000
up €175,000 (+233%), from €75,000 to €250,000
- Tangible fixed assets -€134,158
down €134,158 (-14.9%), from €899,997 to €765,840
of which Furniture and vehicles: -€74,923
- Receivables within one year +€133,504
up €133,504 (+2,011%), from €6,639 to €140,143
of which Trade receivables: +€127,026
- Deferred charges and accrued income -€88,880
down €88,880 (-97.6%), from €91,086 to €2,206
- Reserves +€548,619
up €548,619 (+102%), from €538,989 to €1.1m
- Accrued charges and deferred income -€94,559
down €94,559 (-97.4%), from €97,057 to €2,498
- Other debts -€92,147
down €92,147 (-25.2%), from €366,124 to €273,978
- Tax, wage and social debts -€68,214
down €68,214 (-77.2%), from €88,404 to €20,190
of which Taxes: -€38,497
- Trade debts +€59,063
up €59,063 (+471%), from €12,543 to €71,606
- Gross operating margin +€805,925
up €805,925 (+117%), from €690,584 to €1.5m
- Taxes +€285,816
up €285,816 (+391%), from €73,052 to €358,868
- Staff costs -€60,767
down €60,767 (-18.8%), from €322,404 to €261,637
- Depreciation -€41,738
down €41,738 (-38.9%), from €107,336 to €65,597
- Financial charges -€18,580
down €18,580 (-55.5%), from €33,477 to €14,898
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 | €1,124,893 | €1,474,479 | +€349,586 | +31.1% |
| Fixed assets | 21/28 | €900,438 | €765,840 | -€134,599 | -14.9% |
| Intangible fixed assets | 21 | €441 | €0 | -€441 | -100% |
| Tangible fixed assets | 22/27 | €899,997 | €765,840 | -€134,158 | -14.9% |
| Land and buildings | 22 | €778,889 | €753,854 | -€25,036 | -3.2% |
| Plant, machinery and equipment | 23 | €40,877 | €6,677 | -€34,199 | -83.7% |
| Furniture and vehicles | 24 | €80,231 | €5,308 | -€74,923 | -93.4% |
| Current assets | 29/58 | €224,455 | €708,639 | +€484,185 | +216% |
| Amounts receivable after more than one year | 29 | - | €180,000 | +€180,000 | |
| Other amounts receivable | 291 | - | €180,000 | +€180,000 | |
| Amounts receivable within one year | 40/41 | €6,639 | €140,143 | +€133,504 | +2,011% |
| Trade receivables | 40 | €6,639 | €133,666 | +€127,026 | +1,913% |
| Other amounts receivable | 41 | - | €6,478 | +€6,478 | |
| Current investments | 50/53 | €75,000 | €250,000 | +€175,000 | +233% |
| Cash at bank and in hand | 54/58 | €51,730 | €136,290 | +€84,560 | +163% |
| Deferred charges and accrued income | 490/1 | €91,086 | €2,206 | -€88,880 | -97.6% |
| Total equity and liabilities | 10/49 | €1,124,893 | €1,474,479 | +€349,586 | +31.1% |
| Equity | 10/15 | €557,589 | €1,106,208 | +€548,619 | +98.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €538,989 | €1,087,608 | +€548,619 | +102% |
| Distributable reserves | 133 | €538,989 | €1,087,608 | +€548,619 | +102% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €567,304 | €368,271 | -€199,033 | -35.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €470,247 | €365,773 | -€104,473 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €3,176 | €0 | -€3,176 | -100% |
| Trade debts | 44 | €12,543 | €71,606 | +€59,063 | +471% |
| Suppliers | 440/4 | €12,543 | €71,606 | +€59,063 | +471% |
| Taxes, remuneration and social security | 45 | €88,404 | €20,190 | -€68,214 | -77.2% |
| Taxes | 450/3 | €58,687 | €20,190 | -€38,497 | -65.6% |
| Remuneration and social security | 454/9 | €29,717 | €0 | -€29,717 | -100% |
| Other amounts payable | 47/48 | €366,124 | €273,978 | -€92,147 | -25.2% |
| Accrued charges and deferred income | 492/3 | €97,057 | €2,498 | -€94,559 | -97.4% |
| Non-recurring operating income | 76A | - | €740,057 | +€740,057 | |
| Remuneration, social security and pensions | 62 | €322,404 | €261,637 | -€60,767 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,336 | €65,597 | -€41,738 | -38.9% |
| Other operating charges | 640/8 | €4,495 | €9,816 | +€5,321 | +118% |
| Non-recurring operating charges | 66A | - | €14,639 | +€14,639 | |
| Gross operating margin | 9900 | €690,584 | €1,496,509 | +€805,925 | +117% |
| Operating profit (loss) | 9901 | €256,350 | €1,144,821 | +€888,470 | +347% |
| Financial income | 75/76B | €8,231 | €1,167 | -€7,063 | -85.8% |
| Recurring financial income | 75 | €8,231 | €1,167 | -€7,063 | -85.8% |
| Financial charges | 65/66B | €33,477 | €14,898 | -€18,580 | -55.5% |
| Recurring financial charges | 65 | €33,477 | €14,898 | -€18,580 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €231,104 | €1,131,091 | +€899,986 | +389% |
| Income taxes | 67/77 | €73,052 | €358,868 | +€285,816 | +391% |
| Profit (loss) for the period | 9904 | €158,052 | €772,223 | +€614,170 | +389% |
| Profit (loss) for the period to be appropriated | 9905 | €158,052 | €772,223 | +€614,170 | +389% |
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 20 October 2026 via checked.be.