Accolade: what changed
Two fiscal 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.
Accolade
Largest movements
- Receivables after one year -€101,385
down €101,385 (-80.5%), from €126,000 to €24,615
- Cash -€40,095
down €40,095 (-65.5%), from €61,178 to €21,084
mainly Other debts (-€131,322) and Current investments (-€19,377)
- Current investments +€19,377
up €19,377 (+21.4%), from €90,742 to €110,119
- Financial fixed assets +€13,155
up €13,155 (+20238.8%), from €65 to €13,220
- Deferred charges and accrued income -€5,366
down €5,366 (-27.2%), from €19,736 to €14,370
- Other debts -€131,322
down €131,322 (-84.4%), from €155,540 to €24,219
- Reserves +€32,272
up €32,272 (+18.3%), from €176,153 to €208,425
- Tax, wage and social debts -€8,463
down €8,463 (-18.1%), from €46,853 to €38,391
of which Taxes: -€13,232
- Staff costs +€39,129
up €39,129 (+39.5%), from €99,182 to €138,312
- Taxes -€7,852
down €7,852 (-44.3%), from €17,732 to €9,879
- Gross operating margin +€1,974
up €1,974 (+1.1%), from €181,787 to €183,761
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.
Cash bridge derived
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 | €395,808 | €284,335 | -€111,473 | -28.2% |
| Fixed assets | 21/28 | €2,617 | €13,356 | +€10,739 | +410.3% |
| Tangible fixed assets | 22/27 | €2,552 | €135 | -€2,417 | -94.7% |
| Plant, machinery and equipment | 23 | €1,829 | €135 | -€1,694 | -92.6% |
| Furniture and vehicles | 24 | €723 | €0 | -€723 | -100.0% |
| Financial fixed assets | 28 | €65 | €13,220 | +€13,155 | +20238.8% |
| Current assets | 29/58 | €393,191 | €270,979 | -€122,212 | -31.1% |
| Amounts receivable after more than one year | 29 | €126,000 | €24,615 | -€101,385 | -80.5% |
| Trade receivables | 290 | €126,000 | €24,615 | -€101,385 | -80.5% |
| Amounts receivable within one year | 40/41 | €95,535 | €100,792 | +€5,257 | +5.5% |
| Trade receivables | 40 | €95,251 | €100,792 | +€5,541 | +5.8% |
| Other amounts receivable | 41 | €284 | €0 | -€284 | -100.0% |
| Current investments | 50/53 | €90,742 | €110,119 | +€19,377 | +21.4% |
| Cash at bank and in hand | 54/58 | €61,178 | €21,084 | -€40,095 | -65.5% |
| Deferred charges and accrued income | 490/1 | €19,736 | €14,370 | -€5,366 | -27.2% |
| Total equity and liabilities | 10/49 | €395,808 | €284,335 | -€111,473 | -28.2% |
| Equity | 10/15 | €182,350 | €214,622 | +€32,272 | +17.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €176,153 | €208,425 | +€32,272 | +18.3% |
| Distributable reserves | 133 | €176,153 | €208,425 | +€32,272 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,458 | €69,713 | -€143,745 | -67.3% |
| Amounts payable within one year | 42/48 | €213,458 | €69,713 | -€143,745 | -67.3% |
| Financial debts | 43 | €552 | €0 | -€552 | -100.0% |
| Credit institutions | 430/8 | €552 | €0 | -€552 | -100.0% |
| Trade debts | 44 | €10,512 | €7,103 | -€3,408 | -32.4% |
| Suppliers | 440/4 | €10,512 | €7,103 | -€3,408 | -32.4% |
| Taxes, remuneration and social security | 45 | €46,853 | €38,391 | -€8,463 | -18.1% |
| Taxes | 450/3 | €33,645 | €20,412 | -€13,232 | -39.3% |
| Remuneration and social security | 454/9 | €13,209 | €17,979 | +€4,770 | +36.1% |
| Other amounts payable | 47/48 | €155,540 | €24,219 | -€131,322 | -84.4% |
| Remuneration, social security and pensions | 62 | €99,182 | €138,312 | +€39,129 | +39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,023 | €2,417 | -€606 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€1,128 | -€1,128 | |
| Other operating charges | 640/8 | €1,078 | €2,203 | +€1,125 | +104.3% |
| Gross operating margin | 9900 | €181,787 | €183,761 | +€1,974 | +1.1% |
| Operating profit (loss) | 9901 | €78,504 | €41,958 | -€36,546 | -46.6% |
| Financial income | 75/76B | €1,146 | €1,968 | +€822 | +71.8% |
| Recurring financial income | 75 | €1,146 | €1,968 | +€822 | +71.8% |
| Financial charges | 65/66B | €1,587 | €1,775 | +€187 | +11.8% |
| Recurring financial charges | 65 | €1,587 | €1,775 | +€187 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €78,062 | €42,151 | -€35,911 | -46.0% |
| Income taxes | 67/77 | €17,732 | €9,879 | -€7,852 | -44.3% |
| Profit (loss) for the period | 9904 | €60,330 | €32,272 | -€28,059 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,330 | €32,272 | -€28,059 | -46.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.