ACCOFIMA: 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.
ACCOFIMA
Largest movements
- Receivables within one year -€75,545
down €75,545 (-26.9%), from €281,011 to €205,466
of which Trade receivables: -€46,605
- Tangible fixed assets +€73,924
up €73,924 (+76.6%), from €96,466 to €170,390
of which Other tangible fixed assets: +€68,983
- Cash +€10,850
up €10,850 (+58.6%), from €18,514 to €29,363
mainly Receivables within one year (+€75,545) and Net result for the year (+€58,721)
- Intangible fixed assets -€6,142
down €6,142 (-58.6%), from €10,478 to €4,336
- Trade debts -€28,919
down €28,919 (-56.6%), from €51,059 to €22,140
- Debts after one year +€24,692
up €24,692 (+26.8%), from €92,266 to €116,958
- Tax, wage and social debts +€11,503
up €11,503 (+37.6%), from €30,604 to €42,108
of which Taxes: +€10,688
- Other debts -€8,070
down €8,070 (-12.2%), from €66,070 to €58,000
- Gross operating margin +€17,738
up €17,738 (+8.9%), from €198,544 to €216,283
- Depreciation +€16,688
up €16,688 (+206%), from €8,093 to €24,782
- Write-downs +€15,742
up €15,742 (+477%), from €3,302 to €19,045
- Taxes +€8,279
up €8,279 (+214%), from €3,867 to €12,147
- Staff costs -€4,035
down €4,035 (-3.9%), from €103,285 to €99,250
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 | €409,332 | €410,396 | +€1,065 | +0.3% |
| Fixed assets | 21/28 | €106,944 | €174,726 | +€67,782 | +63.4% |
| Intangible fixed assets | 21 | €10,478 | €4,336 | -€6,142 | -58.6% |
| Tangible fixed assets | 22/27 | €96,466 | €170,390 | +€73,924 | +76.6% |
| Furniture and vehicles | 24 | €934 | €5,875 | +€4,941 | +529% |
| Other tangible fixed assets | 26 | €95,531 | €164,514 | +€68,983 | +72.2% |
| Current assets | 29/58 | €302,388 | €235,671 | -€66,717 | -22.1% |
| Amounts receivable within one year | 40/41 | €281,011 | €205,466 | -€75,545 | -26.9% |
| Trade receivables | 40 | €141,551 | €94,946 | -€46,605 | -32.9% |
| Other amounts receivable | 41 | €139,460 | €110,520 | -€28,940 | -20.8% |
| Cash at bank and in hand | 54/58 | €18,514 | €29,363 | +€10,850 | +58.6% |
| Deferred charges and accrued income | 490/1 | €2,863 | €842 | -€2,022 | -70.6% |
| Total equity and liabilities | 10/49 | €409,332 | €410,396 | +€1,065 | +0.3% |
| Equity | 10/15 | €163,205 | €163,926 | +€721 | +0.4% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €163,204 | €163,925 | +€721 | +0.4% |
| Distributable reserves | 133 | €163,204 | €163,925 | +€721 | +0.4% |
| Amounts payable | 17/49 | €246,126 | €246,470 | +€344 | +0.1% |
| Amounts payable after more than one year | 17 | €92,266 | €116,958 | +€24,692 | +26.8% |
| Financial debts | 170/4 | €92,266 | €116,958 | +€24,692 | +26.8% |
| Amounts payable within one year | 42/48 | €153,861 | €129,162 | -€24,698 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €6,128 | €6,914 | +€787 | +12.8% |
| Trade debts | 44 | €51,059 | €22,140 | -€28,919 | -56.6% |
| Suppliers | 440/4 | €51,059 | €22,140 | -€28,919 | -56.6% |
| Taxes, remuneration and social security | 45 | €30,604 | €42,108 | +€11,503 | +37.6% |
| Taxes | 450/3 | €13,000 | €23,689 | +€10,688 | +82.2% |
| Remuneration and social security | 454/9 | €17,604 | €18,419 | +€815 | +4.6% |
| Other amounts payable | 47/48 | €66,070 | €58,000 | -€8,070 | -12.2% |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Remuneration, social security and pensions | 62 | €103,285 | €99,250 | -€4,035 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,093 | €24,782 | +€16,688 | +206% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,302 | €19,045 | +€15,742 | +477% |
| Other operating charges | 640/8 | €62 | €192 | +€130 | +210% |
| Non-recurring operating charges | 66A | €38 | - | -€38 | |
| Gross operating margin | 9900 | €198,544 | €216,283 | +€17,738 | +8.9% |
| Operating profit (loss) | 9901 | €83,764 | €73,014 | -€10,750 | -12.8% |
| Financial income | 75/76B | €1,368 | €2,520 | +€1,153 | +84.3% |
| Recurring financial income | 75 | €1,368 | €2,520 | +€1,153 | +84.3% |
| Financial charges | 65/66B | €1,084 | €4,667 | +€3,583 | +331% |
| Recurring financial charges | 65 | €1,084 | €4,667 | +€3,583 | +331% |
| Profit (loss) for the period before taxes | 9903 | €84,048 | €70,868 | -€13,180 | -15.7% |
| Income taxes | 67/77 | €3,867 | €12,147 | +€8,279 | +214% |
| Profit (loss) for the period | 9904 | €80,181 | €58,721 | -€21,460 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,181 | €58,721 | -€21,460 | -26.8% |
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.