ACCORD CONSTRUCT: 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.
ACCORD CONSTRUCT
Largest movements
- Cash +€48,729
up €48,729 (+214.2%), from €22,747 to €71,476
mainly Trade debts (+€87,355) and Depreciation (+€5,222)
- Receivables within one year +€28,659
up €28,659 (+12.9%), from €222,913 to €251,572
of which Other amounts receivable: +€17,286
- Trade debts +€87,355
up €87,355 (+59.3%), from €147,351 to €234,706
of which Bills of exchange payable: +€85,261
- Tax, wage and social debts -€10,209
down €10,209 (-68.3%), from €14,953 to €4,744
- Gross operating margin -€16,321
down €16,321 (-39.4%), from €41,416 to €25,094
- Taxes -€5,106
down €5,106 (-48.7%), from €10,477 to €5,371
- Other operating charges -€3,286
down €3,286 (-50.7%), from €6,482 to €3,196
- Depreciation +€2,536
up €2,536 (+94.4%), from €2,685 to €5,222
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 | €250,278 | €330,428 | +€80,150 | +32.0% |
| Fixed assets | 21/28 | €4,618 | €7,379 | +€2,762 | +59.8% |
| Tangible fixed assets | 22/27 | €4,618 | €7,379 | +€2,762 | +59.8% |
| Furniture and vehicles | 24 | €4,618 | €7,379 | +€2,762 | +59.8% |
| Current assets | 29/58 | €245,660 | €323,048 | +€77,388 | +31.5% |
| Amounts receivable within one year | 40/41 | €222,913 | €251,572 | +€28,659 | +12.9% |
| Trade receivables | 40 | €150,372 | €161,745 | +€11,373 | +7.6% |
| Other amounts receivable | 41 | €72,541 | €89,827 | +€17,286 | +23.8% |
| Cash at bank and in hand | 54/58 | €22,747 | €71,476 | +€48,729 | +214.2% |
| Total equity and liabilities | 10/49 | €250,278 | €330,428 | +€80,150 | +32.0% |
| Equity | 10/15 | €87,974 | €90,978 | +€3,004 | +3.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,974 | €84,978 | +€3,004 | +3.7% |
| Amounts payable | 17/49 | €162,304 | €239,450 | +€77,146 | +47.5% |
| Amounts payable within one year | 42/48 | €162,304 | €239,450 | +€77,146 | +47.5% |
| Trade debts | 44 | €147,351 | €234,706 | +€87,355 | +59.3% |
| Suppliers | 440/4 | €15,915 | €18,008 | +€2,093 | +13.2% |
| Bills of exchange payable | 441 | €131,436 | €216,698 | +€85,261 | +64.9% |
| Taxes, remuneration and social security | 45 | €14,953 | €4,744 | -€10,209 | -68.3% |
| Taxes | 450/3 | €14,953 | €4,744 | -€10,209 | -68.3% |
| Remuneration, social security and pensions | 62 | €114 | €379 | +€265 | +232.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,685 | €5,222 | +€2,536 | +94.4% |
| Other operating charges | 640/8 | €6,482 | €3,196 | -€3,286 | -50.7% |
| Gross operating margin | 9900 | €41,416 | €25,094 | -€16,321 | -39.4% |
| Operating profit (loss) | 9901 | €32,134 | €16,297 | -€15,837 | -49.3% |
| Financial charges | 65/66B | €8,037 | €7,922 | -€115 | -1.4% |
| Recurring financial charges | 65 | €8,037 | €7,922 | -€115 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €24,097 | €8,375 | -€15,721 | -65.2% |
| Income taxes | 67/77 | €10,477 | €5,371 | -€5,106 | -48.7% |
| Profit (loss) for the period | 9904 | €13,619 | €3,004 | -€10,615 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,619 | €3,004 | -€10,615 | -77.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.