Accord'O: 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'O
Largest movements
- Cash -€30,373
down €30,373 (-55.1%), from €55,074 to €24,701
mainly Trade debts (-€91,162) and Investment in fixed assets (net) (-€46,347)
- Receivables within one year -€17,327
down €17,327 (-23.1%), from €74,941 to €57,614
of which Trade receivables: -€51,282
- Receivables after one year -€13,463
down €13,463 (-38.4%), from €35,063 to €21,600
- Tangible fixed assets +€8,359
up €8,359 (+5.2%), from €159,334 to €167,693
of which Furniture and vehicles: +€17,555
- Deferred charges and accrued income -€8,224
down €8,224 (-80.6%), from €10,199 to €1,975
- Trade debts -€91,162
down €91,162 (-86.2%), from €105,716 to €14,554
- Debts after one year +€31,890
up €31,890 (+92.3%), from €34,537 to €66,427
- Tax, wage and social debts -€19,980
down €19,980 (-60.0%), from €33,324 to €13,344
of which Taxes: -€17,240
- Current portion of long-term debt +€11,442
up €11,442 (+91.5%), from €12,500 to €23,941
- Reserves +€5,400
up €5,400 (+6.9%), from €77,860 to €83,260
- Gross operating margin -€60,741
down €60,741 (-14.4%), from €422,764 to €362,024
- Staff costs -€28,911
down €28,911 (-9.4%), from €308,687 to €279,776
- Other operating charges +€28,748
up €28,748 (+611%), from €4,708 to €33,456
- Taxes -€13,727
down €13,727 (-75.1%), from €18,281 to €4,554
- Depreciation -€10,426
down €10,426 (-21.5%), from €48,415 to €37,989
From the 31-03-2025 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 31-03-2025 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 | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,049 | €333,400 | -€66,649 | -16.7% |
| Fixed assets | 21/28 | €159,334 | €167,693 | +€8,359 | +5.2% |
| Tangible fixed assets | 22/27 | €159,334 | €167,693 | +€8,359 | +5.2% |
| Plant, machinery and equipment | 23 | €57,832 | €48,636 | -€9,196 | -15.9% |
| Furniture and vehicles | 24 | €101,502 | €119,057 | +€17,555 | +17.3% |
| Current assets | 29/58 | €240,715 | €165,707 | -€75,008 | -31.2% |
| Amounts receivable after more than one year | 29 | €35,063 | €21,600 | -€13,463 | -38.4% |
| Other amounts receivable | 291 | €35,063 | €21,600 | -€13,463 | -38.4% |
| Stocks and contracts in progress | 3 | €65,439 | €59,817 | -€5,621 | -8.6% |
| Stocks | 30/36 | €65,439 | €59,817 | -€5,621 | -8.6% |
| Amounts receivable within one year | 40/41 | €74,941 | €57,614 | -€17,327 | -23.1% |
| Trade receivables | 40 | €71,162 | €19,879 | -€51,282 | -72.1% |
| Other amounts receivable | 41 | €3,779 | €37,735 | +€33,956 | +899% |
| Cash at bank and in hand | 54/58 | €55,074 | €24,701 | -€30,373 | -55.1% |
| Deferred charges and accrued income | 490/1 | €10,199 | €1,975 | -€8,224 | -80.6% |
| Total equity and liabilities | 10/49 | €400,049 | €333,400 | -€66,649 | -16.7% |
| Equity | 10/15 | €210,161 | €213,942 | +€3,781 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,860 | €83,260 | +€5,400 | +6.9% |
| Distributable reserves | 133 | €77,860 | €83,260 | +€5,400 | +6.9% |
| Profit (loss) carried forward | 14 | €126,101 | €124,482 | -€1,619 | -1.3% |
| Amounts payable | 17/49 | €189,889 | €119,458 | -€70,430 | -37.1% |
| Amounts payable after more than one year | 17 | €34,537 | €66,427 | +€31,890 | +92.3% |
| Financial debts | 170/4 | €34,537 | €66,427 | +€31,890 | +92.3% |
| Amounts payable within one year | 42/48 | €154,701 | €53,006 | -€101,695 | -65.7% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €23,941 | +€11,442 | +91.5% |
| Trade debts | 44 | €105,716 | €14,554 | -€91,162 | -86.2% |
| Suppliers | 440/4 | €105,716 | €14,554 | -€91,162 | -86.2% |
| Taxes, remuneration and social security | 45 | €33,324 | €13,344 | -€19,980 | -60.0% |
| Taxes | 450/3 | €18,220 | €980 | -€17,240 | -94.6% |
| Remuneration and social security | 454/9 | €15,104 | €12,364 | -€2,740 | -18.1% |
| Other amounts payable | 47/48 | €3,161 | €1,166 | -€1,995 | -63.1% |
| Accrued charges and deferred income | 492/3 | €650 | €25 | -€625 | -96.1% |
| Remuneration, social security and pensions | 62 | €308,687 | €279,776 | -€28,911 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,415 | €37,989 | -€10,426 | -21.5% |
| Other operating charges | 640/8 | €4,708 | €33,456 | +€28,748 | +611% |
| Gross operating margin | 9900 | €422,764 | €362,024 | -€60,741 | -14.4% |
| Operating profit (loss) | 9901 | €60,954 | €10,803 | -€50,151 | -82.3% |
| Financial income | 75/76B | €75 | €1,653 | +€1,578 | +2,101% |
| Recurring financial income | 75 | €75 | €1,653 | +€1,578 | +2,101% |
| Financial charges | 65/66B | €2,928 | €2,455 | -€472 | -16.1% |
| Recurring financial charges | 65 | €2,928 | €2,455 | -€472 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €58,101 | €10,001 | -€48,101 | -82.8% |
| Income taxes | 67/77 | €18,281 | €4,554 | -€13,727 | -75.1% |
| Profit (loss) for the period | 9904 | €39,820 | €5,447 | -€34,373 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,820 | €5,447 | -€34,373 | -86.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.