ACCOFID: 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.
ACCOFID
Largest movements
- Intangible fixed assets +€34,158
up €34,158, from €0 to €34,158
- Tangible fixed assets -€12,441
down €12,441 (-5.4%), from €230,185 to €217,744
of which Land and buildings: -€10,779
- Receivables within one year -€12,420
down €12,420 (-19.7%), from €62,932 to €50,512
of which Other amounts receivable: -€15,538
- Cash -€8,538
down €8,538 (-2.6%), from €324,688 to €316,150
mainly Investment in fixed assets (net) (-€37,953) and Tax, wage and social debts (-€17,621)
- Reserves +€29,726
up €29,726 (+7.3%), from €405,461 to €435,187
- Tax, wage and social debts -€17,621
down €17,621 (-34.8%), from €50,580 to €32,959
of which Taxes: -€11,568
- Debts after one year -€9,233
down €9,233 (-6.3%), from €145,408 to €136,175
- Turnover -€468,705
no longer reported in 2025 (was €468,705)
- Purchases and services -€263,947
no longer reported in 2025 (was €263,947)
- Gross operating margin +€22,745
up €22,745 (+10.8%), from €210,993 to €233,738
- Depreciation +€5,777
up €5,777 (+55.2%), from €10,460 to €16,236
- Taxes +€5,731
up €5,731 (+46.3%), from €12,372 to €18,103
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 | €618,195 | €619,686 | +€1,491 | +0.2% |
| Fixed assets | 21/28 | €230,575 | €252,292 | +€21,717 | +9.4% |
| Intangible fixed assets | 21 | €0 | €34,158 | +€34,158 | |
| Tangible fixed assets | 22/27 | €230,185 | €217,744 | -€12,441 | -5.4% |
| Land and buildings | 22 | €223,387 | €212,608 | -€10,779 | -4.8% |
| Plant, machinery and equipment | 23 | €4,439 | €3,267 | -€1,173 | -26.4% |
| Furniture and vehicles | 24 | €2,358 | €1,869 | -€490 | -20.8% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €387,620 | €367,394 | -€20,226 | -5.2% |
| Amounts receivable within one year | 40/41 | €62,932 | €50,512 | -€12,420 | -19.7% |
| Trade receivables | 40 | €41,896 | €45,014 | +€3,119 | +7.4% |
| Other amounts receivable | 41 | €21,036 | €5,498 | -€15,538 | -73.9% |
| Cash at bank and in hand | 54/58 | €324,688 | €316,150 | -€8,538 | -2.6% |
| Deferred charges and accrued income | 490/1 | - | €732 | +€732 | |
| Total equity and liabilities | 10/49 | €618,195 | €619,686 | +€1,491 | +0.2% |
| Equity | 10/15 | €405,961 | €435,687 | +€29,726 | +7.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €405,461 | €435,187 | +€29,726 | +7.3% |
| Distributable reserves | 133 | €405,461 | €435,187 | +€29,726 | +7.3% |
| Amounts payable | 17/49 | €212,234 | €183,999 | -€28,235 | -13.3% |
| Amounts payable after more than one year | 17 | €145,408 | €136,175 | -€9,233 | -6.3% |
| Financial debts | 170/4 | €145,408 | €136,175 | -€9,233 | -6.3% |
| Amounts payable within one year | 42/48 | €66,826 | €47,824 | -€19,002 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €8,984 | €9,233 | +€249 | +2.8% |
| Trade debts | 44 | €1,447 | €5,569 | +€4,122 | +285% |
| Suppliers | 440/4 | €1,447 | €5,569 | +€4,122 | +285% |
| Advances received on contracts in progress | 46 | €3,025 | - | -€3,025 | |
| Taxes, remuneration and social security | 45 | €50,580 | €32,959 | -€17,621 | -34.8% |
| Taxes | 450/3 | €34,248 | €22,680 | -€11,568 | -33.8% |
| Remuneration and social security | 454/9 | €16,332 | €10,280 | -€6,052 | -37.1% |
| Other amounts payable | 47/48 | €2,790 | €62 | -€2,728 | -97.8% |
| Turnover | 70 | €468,705 | - | -€468,705 | |
| Goods, raw materials, services and sundry goods | 60/61 | €263,947 | - | -€263,947 | |
| Remuneration, social security and pensions | 62 | €143,241 | €141,536 | -€1,704 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,460 | €16,236 | +€5,777 | +55.2% |
| Other operating charges | 640/8 | €8,734 | €13,939 | +€5,205 | +59.6% |
| Gross operating margin | 9900 | €210,993 | €233,738 | +€22,745 | +10.8% |
| Operating profit (loss) | 9901 | €48,558 | €62,026 | +€13,467 | +27.7% |
| Financial income | 75/76B | €1,067 | €312 | -€756 | -70.8% |
| Recurring financial income | 75 | €1,067 | €312 | -€756 | -70.8% |
| Financial charges | 65/66B | €4,683 | €4,508 | -€175 | -3.7% |
| Recurring financial charges | 65 | €4,683 | €4,508 | -€175 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €44,943 | €57,829 | +€12,886 | +28.7% |
| Income taxes | 67/77 | €12,372 | €18,103 | +€5,731 | +46.3% |
| Profit (loss) for the period | 9904 | €32,571 | €39,726 | +€7,155 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,571 | €39,726 | +€7,155 | +22.0% |
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 31 October 2026 via checked.be.