ACCORDAGE: 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.
ACCORDAGE
Largest movements
- Receivables within one year +€103,974
up €103,974 (+156%), from €66,781 to €170,755
of which Trade receivables: +€103,974
- Cash -€58,800
down €58,800 (-79.7%), from €73,766 to €14,966
mainly Receivables within one year (-€103,974) and Accrued charges and deferred income (-€80,193)
- Tangible fixed assets -€12,947
down €12,947 (-10.1%), from €128,282 to €115,335
of which Other tangible fixed assets: -€19,566
- Accrued charges and deferred income -€80,193
down €80,193 (-92.4%), from €86,771 to €6,578
- Other debts +€73,096
up €73,096 (+1,089%), from €6,711 to €79,807
- Tax, wage and social debts +€30,600
up €30,600 (+92.4%), from €33,114 to €63,714
of which Taxes: +€15,940
- Profit (loss) carried forward +€29,398
up €29,398, from -€21,123 to €8,275
- Debts after one year -€17,653
down €17,653 (-41.0%), from €43,042 to €25,389
- Gross operating margin +€26,385
up €26,385 (+5.6%), from €471,482 to €497,867
- Staff costs -€19,062
down €19,062 (-5.5%), from €345,710 to €326,648
- Taxes +€15,940
new in 2025: €15,940
- Other operating charges +€14,432
up €14,432 (+138%), from €10,461 to €24,893
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 | €278,289 | €311,773 | +€33,484 | +12.0% |
| Fixed assets | 21/28 | €128,282 | €115,335 | -€12,947 | -10.1% |
| Tangible fixed assets | 22/27 | €128,282 | €115,335 | -€12,947 | -10.1% |
| Plant, machinery and equipment | 23 | €6,064 | €12,683 | +€6,619 | +109% |
| Other tangible fixed assets | 26 | €122,218 | €102,652 | -€19,566 | -16.0% |
| Current assets | 29/58 | €150,007 | €196,438 | +€46,431 | +31.0% |
| Stocks and contracts in progress | 3 | €5,942 | €7,105 | +€1,163 | +19.6% |
| Stocks | 30/36 | €5,942 | €7,105 | +€1,163 | +19.6% |
| Amounts receivable within one year | 40/41 | €66,781 | €170,755 | +€103,974 | +156% |
| Trade receivables | 40 | €66,136 | €170,110 | +€103,974 | +157% |
| Other amounts receivable | 41 | €645 | €645 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €73,766 | €14,966 | -€58,800 | -79.7% |
| Deferred charges and accrued income | 490/1 | €3,518 | €3,612 | +€94 | +2.7% |
| Total equity and liabilities | 10/49 | €278,289 | €311,773 | +€33,484 | +12.0% |
| Equity | 10/15 | €43,287 | €72,685 | +€29,398 | +67.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,410 | €2,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,410 | €2,410 | = | 0.0% |
| Legal reserve | 130 | €2,410 | €2,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,123 | €8,275 | +€29,398 | |
| Amounts payable | 17/49 | €235,002 | €239,088 | +€4,086 | +1.7% |
| Amounts payable after more than one year | 17 | €43,042 | €25,389 | -€17,653 | -41.0% |
| Financial debts | 170/4 | €43,042 | €25,389 | -€17,653 | -41.0% |
| Amounts payable within one year | 42/48 | €105,189 | €207,121 | +€101,932 | +96.9% |
| Current portion of amounts payable after more than one year | 42 | €26,729 | €17,653 | -€9,076 | -34.0% |
| Trade debts | 44 | €38,635 | €45,947 | +€7,312 | +18.9% |
| Suppliers | 440/4 | €38,635 | €45,947 | +€7,312 | +18.9% |
| Taxes, remuneration and social security | 45 | €33,114 | €63,714 | +€30,600 | +92.4% |
| Taxes | 450/3 | - | €15,940 | +€15,940 | |
| Remuneration and social security | 454/9 | €33,114 | €47,774 | +€14,660 | +44.3% |
| Other amounts payable | 47/48 | €6,711 | €79,807 | +€73,096 | +1,089% |
| Accrued charges and deferred income | 492/3 | €86,771 | €6,578 | -€80,193 | -92.4% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €345,710 | €326,648 | -€19,062 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,097 | €28,024 | -€1,073 | -3.7% |
| Other operating charges | 640/8 | €10,461 | €24,893 | +€14,432 | +138% |
| Gross operating margin | 9900 | €471,482 | €497,867 | +€26,385 | +5.6% |
| Operating profit (loss) | 9901 | €86,214 | €118,302 | +€32,088 | +37.2% |
| Financial income | 75/76B | €26 | €120 | +€94 | +362% |
| Recurring financial income | 75 | €26 | €120 | +€94 | +362% |
| Financial charges | 65/66B | €2,389 | €3,084 | +€695 | +29.1% |
| Recurring financial charges | 65 | €2,389 | €3,084 | +€695 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €83,851 | €115,338 | +€31,487 | +37.6% |
| Income taxes | 67/77 | - | €15,940 | +€15,940 | |
| Profit (loss) for the period | 9904 | €83,851 | €99,398 | +€15,547 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,851 | €99,398 | +€15,547 | +18.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.