ACCORFI: 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.
ACCORFI
Largest movements
- Cash +€57,771
up €57,771 (+220%), from €26,297 to €84,068
mainly Net result for the year (+€201,343) and Other debts (+€54,062)
- Other debts +€54,062
up €54,062 (+36.7%), from €147,282 to €201,343
- Current portion of long-term debt -€41,667
no longer reported in 2025 (was €41,667)
- Short-term financial debts +€41,250
new in 2025: €41,250
- Gross operating margin +€55,313
up €55,313 (+26.0%), from €212,393 to €267,706
- Taxes +€17,915
up €17,915 (+36.1%), from €49,690 to €67,605
- Depreciation -€15,500
no longer reported in 2025 (was €15,500)
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 | €251,116 | €307,769 | +€56,652 | +22.6% |
| Current assets | 29/58 | €251,116 | €307,769 | +€56,652 | +22.6% |
| Amounts receivable within one year | 40/41 | €223,437 | €220,783 | -€2,654 | -1.2% |
| Trade receivables | 40 | €81,004 | €98,443 | +€17,439 | +21.5% |
| Other amounts receivable | 41 | €142,433 | €122,340 | -€20,093 | -14.1% |
| Cash at bank and in hand | 54/58 | €26,297 | €84,068 | +€57,771 | +220% |
| Deferred charges and accrued income | 490/1 | €1,382 | €2,918 | +€1,536 | +111% |
| Total equity and liabilities | 10/49 | €251,116 | €307,769 | +€56,652 | +22.6% |
| Equity | 10/15 | €20,900 | €20,900 | = | 0.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Amounts payable | 17/49 | €230,216 | €286,869 | +€56,652 | +24.6% |
| Amounts payable within one year | 42/48 | €230,216 | €286,869 | +€56,652 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €41,667 | - | -€41,667 | |
| Financial debts | 43 | - | €41,250 | +€41,250 | |
| Credit institutions | 430/8 | - | €41,250 | +€41,250 | |
| Trade debts | 44 | €26,040 | €28,740 | +€2,701 | +10.4% |
| Suppliers | 440/4 | €26,040 | €28,740 | +€2,701 | +10.4% |
| Taxes, remuneration and social security | 45 | €15,229 | €15,535 | +€307 | +2.0% |
| Taxes | 450/3 | €15,229 | €15,535 | +€307 | +2.0% |
| Other amounts payable | 47/48 | €147,282 | €201,343 | +€54,062 | +36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,500 | - | -€15,500 | |
| Other operating charges | 640/8 | €866 | €776 | -€90 | -10.4% |
| Gross operating margin | 9900 | €212,393 | €267,706 | +€55,313 | +26.0% |
| Operating profit (loss) | 9901 | €196,027 | €266,930 | +€70,903 | +36.2% |
| Financial income | 75/76B | €2,254 | €3,480 | +€1,225 | +54.4% |
| Recurring financial income | 75 | €2,254 | €3,480 | +€1,225 | +54.4% |
| Financial charges | 65/66B | €1,310 | €1,461 | +€152 | +11.6% |
| Recurring financial charges | 65 | €1,310 | €1,461 | +€152 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €196,972 | €268,948 | +€71,977 | +36.5% |
| Income taxes | 67/77 | €49,690 | €67,605 | +€17,915 | +36.1% |
| Profit (loss) for the period | 9904 | €147,282 | €201,343 | +€54,062 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €147,282 | €201,343 | +€54,062 | +36.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.