Accord Immo: 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.
Accord Immo
Largest movements
- Cash -€159,285
down €159,285 (-56.7%), from €281,048 to €121,763
mainly Advances received (-€178,050) and Receivables within one year (-€16,602)
- Receivables within one year +€16,602
up €16,602 (+20.1%), from €82,691 to €99,294
of which Other amounts receivable: +€43,500
- Financial fixed assets +€8,500
up €8,500 (+17,000%), from €50 to €8,550
- Advances received -€178,050
no longer reported in 2025 (was €178,050)
- Trade debts +€22,427
up €22,427 (+32.7%), from €68,611 to €91,037
- Current portion of long-term debt +€19,506
up €19,506 (+265%), from €7,364 to €26,871
- Staff costs -€11,191
down €11,191 (-40.0%), from €28,008 to €16,817
- Gross operating margin -€11,128
down €11,128 (-22.1%), from €50,305 to €39,177
- Depreciation -€717
down €717 (-9.4%), from €7,652 to €6,936
- Financial charges -€674
down €674 (-8.7%), from €7,723 to €7,049
- Other operating charges +€587
up €587 (+10.5%), from €5,565 to €6,152
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,554 | €298,289 | -€138,265 | -31.7% |
| Fixed assets | 21/28 | €71,254 | €76,082 | +€4,828 | +6.8% |
| Tangible fixed assets | 22/27 | €71,204 | €67,532 | -€3,672 | -5.2% |
| Land and buildings | 22 | €60,273 | €57,574 | -€2,700 | -4.5% |
| Furniture and vehicles | 24 | €4,060 | €4,436 | +€376 | +9.3% |
| Assets under construction and advance payments | 27 | €6,871 | €5,522 | -€1,349 | -19.6% |
| Financial fixed assets | 28 | €50 | €8,550 | +€8,500 | +17,000% |
| Current assets | 29/58 | €365,300 | €222,207 | -€143,093 | -39.2% |
| Amounts receivable within one year | 40/41 | €82,691 | €99,294 | +€16,602 | +20.1% |
| Trade receivables | 40 | €32,042 | €5,144 | -€26,898 | -83.9% |
| Other amounts receivable | 41 | €50,650 | €94,150 | +€43,500 | +85.9% |
| Cash at bank and in hand | 54/58 | €281,048 | €121,763 | -€159,285 | -56.7% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,151 | -€410 | -26.3% |
| Total equity and liabilities | 10/49 | €436,554 | €298,289 | -€138,265 | -31.7% |
| Equity | 10/15 | €134,596 | €134,718 | +€123 | +0.1% |
| Contributions | 10/11 | €75,725 | €75,725 | = | 0.0% |
| Reserves | 13 | €59,689 | €59,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,409 | €2,409 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,409 | €2,409 | = | 0.0% |
| Distributable reserves | 133 | €57,279 | €57,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€818 | -€695 | +€123 | +15.0% |
| Amounts payable | 17/49 | €301,959 | €163,571 | -€138,388 | -45.8% |
| Amounts payable after more than one year | 17 | €43,192 | €40,719 | -€2,473 | -5.7% |
| Financial debts | 170/4 | €43,192 | €40,719 | -€2,473 | -5.7% |
| Amounts payable within one year | 42/48 | €258,766 | €122,851 | -€135,915 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €7,364 | €26,871 | +€19,506 | +265% |
| Trade debts | 44 | €68,611 | €91,037 | +€22,427 | +32.7% |
| Suppliers | 440/4 | €68,611 | €91,037 | +€22,427 | +32.7% |
| Advances received on contracts in progress | 46 | €178,050 | - | -€178,050 | |
| Taxes, remuneration and social security | 45 | €4,742 | €4,944 | +€202 | +4.3% |
| Taxes | 450/3 | €2,283 | €3,429 | +€1,145 | +50.2% |
| Remuneration and social security | 454/9 | €2,458 | €1,515 | -€943 | -38.4% |
| Remuneration, social security and pensions | 62 | €28,008 | €16,817 | -€11,191 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,652 | €6,936 | -€717 | -9.4% |
| Other operating charges | 640/8 | €5,565 | €6,152 | +€587 | +10.5% |
| Gross operating margin | 9900 | €50,305 | €39,177 | -€11,128 | -22.1% |
| Operating profit (loss) | 9901 | €9,079 | €9,272 | +€193 | +2.1% |
| Financial income | 75/76B | €54 | €591 | +€538 | +1,005% |
| Recurring financial income | 75 | €54 | €591 | +€538 | +1,005% |
| Financial charges | 65/66B | €7,723 | €7,049 | -€674 | -8.7% |
| Recurring financial charges | 65 | €7,723 | €7,049 | -€674 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €1,410 | €2,815 | +€1,405 | +99.6% |
| Income taxes | 67/77 | €2,228 | €2,692 | +€464 | +20.8% |
| Profit (loss) for the period | 9904 | -€818 | €123 | +€941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€818 | €123 | +€941 |
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 17 October 2026 via checked.be.