ACCOBEL GROEP: 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 GROEP
Largest movements
- Current investments -€80,000
down €80,000 (-33.2%), from €241,249 to €161,249
- Cash -€38,906
down €38,906 (-45.1%), from €86,353 to €47,448
mainly Contributions, distributions and other (-€89,182) and Short-term financial debts (-€44,750)
- Receivables within one year +€32,237
up €32,237 (+217%), from €14,876 to €47,113
of which Other amounts receivable: +€47,113
- Tangible fixed assets -€21,259
down €21,259 (-8.9%), from €239,944 to €218,685
of which Furniture and vehicles: -€20,792
- Short-term financial debts -€44,750
down €44,750 (-93.7%), from €47,750 to €3,000
of which Other loans: -€46,500
- Other debts -€26,177
down €26,177 (-99.9%), from €26,202 to €25
- Debts after one year -€25,677
down €25,677 (-57.8%), from €44,427 to €18,750
- Current portion of long-term debt -€15,878
down €15,878 (-38.2%), from €41,555 to €25,677
- Reserves +€6,093
up €6,093 (+1.5%), from €401,077 to €407,169
- Gross operating margin -€18,567
down €18,567 (-9.9%), from €188,022 to €169,455
- Taxes -€5,409
down €5,409 (-11.9%), from €45,376 to €39,967
- Financial charges -€3,633
down €3,633 (-56.6%), from €6,417 to €2,784
- Financial income -€2,755
down €2,755 (-45.5%), from €6,052 to €3,297
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 | €582,422 | €474,494 | -€107,928 | -18.5% |
| Fixed assets | 21/28 | €239,944 | €218,685 | -€21,259 | -8.9% |
| Tangible fixed assets | 22/27 | €239,944 | €218,685 | -€21,259 | -8.9% |
| Land and buildings | 22 | €164,999 | €160,206 | -€4,792 | -2.9% |
| Plant, machinery and equipment | 23 | €3,940 | €4,259 | +€319 | +8.1% |
| Furniture and vehicles | 24 | €69,413 | €48,621 | -€20,792 | -30.0% |
| Other tangible fixed assets | 26 | €1,592 | €5,598 | +€4,005 | +252% |
| Current assets | 29/58 | €342,478 | €255,809 | -€86,669 | -25.3% |
| Amounts receivable within one year | 40/41 | €14,876 | €47,113 | +€32,237 | +217% |
| Trade receivables | 40 | €14,876 | - | -€14,876 | |
| Other amounts receivable | 41 | - | €47,113 | +€47,113 | |
| Current investments | 50/53 | €241,249 | €161,249 | -€80,000 | -33.2% |
| Cash at bank and in hand | 54/58 | €86,353 | €47,448 | -€38,906 | -45.1% |
| Total equity and liabilities | 10/49 | €582,422 | €474,494 | -€107,928 | -18.5% |
| Equity | 10/15 | €401,177 | €407,269 | +€6,093 | +1.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €401,077 | €407,169 | +€6,093 | +1.5% |
| Distributable reserves | 133 | €401,077 | €407,169 | +€6,093 | +1.5% |
| Amounts payable | 17/49 | €181,245 | €67,225 | -€114,021 | -62.9% |
| Amounts payable after more than one year | 17 | €44,427 | €18,750 | -€25,677 | -57.8% |
| Financial debts | 170/4 | €44,427 | €18,750 | -€25,677 | -57.8% |
| Amounts payable within one year | 42/48 | €136,818 | €48,160 | -€88,658 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €41,555 | €25,677 | -€15,878 | -38.2% |
| Financial debts | 43 | €47,750 | €3,000 | -€44,750 | -93.7% |
| Credit institutions | 430/8 | €1,250 | €3,000 | +€1,750 | +140% |
| Other loans | 439 | €46,500 | - | -€46,500 | |
| Trade debts | 44 | €2,146 | €2,658 | +€512 | +23.8% |
| Suppliers | 440/4 | €2,146 | €2,658 | +€512 | +23.8% |
| Taxes, remuneration and social security | 45 | €19,164 | €16,800 | -€2,364 | -12.3% |
| Taxes | 450/3 | €15,237 | €16,800 | +€1,563 | +10.3% |
| Remuneration and social security | 454/9 | €3,927 | - | -€3,927 | |
| Other amounts payable | 47/48 | €26,202 | €25 | -€26,177 | -99.9% |
| Accrued charges and deferred income | 492/3 | - | €315 | +€315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,670 | €28,963 | +€293 | +1.0% |
| Other operating charges | 640/8 | €5,712 | €5,495 | -€218 | -3.8% |
| Non-recurring operating charges | 66A | €718 | €268 | -€450 | -62.6% |
| Gross operating margin | 9900 | €188,022 | €169,455 | -€18,567 | -9.9% |
| Operating profit (loss) | 9901 | €152,922 | €134,729 | -€18,193 | -11.9% |
| Financial income | 75/76B | €6,052 | €3,297 | -€2,755 | -45.5% |
| Recurring financial income | 75 | €6,052 | €3,297 | -€2,755 | -45.5% |
| Financial charges | 65/66B | €6,417 | €2,784 | -€3,633 | -56.6% |
| Recurring financial charges | 65 | €6,417 | €2,784 | -€3,633 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €152,558 | €135,242 | -€17,315 | -11.4% |
| Income taxes | 67/77 | €45,376 | €39,967 | -€5,409 | -11.9% |
| Profit (loss) for the period | 9904 | €107,181 | €95,275 | -€11,906 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,181 | €95,275 | -€11,906 | -11.1% |
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 30 October 2026 via checked.be.