ACCORMA: 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.
ACCORMA
Largest movements
- Current investments -€330,000
no longer reported in 2026 (was €330,000)
- Cash +€88,229
up €88,229 (+708.8%), from €12,448 to €100,677
mainly Current investments (+€330,000) and Net result for the year (+€220,743)
- Tangible fixed assets +€10,548
up €10,548 (+25.1%), from €42,000 to €52,548
of which Land and buildings: +€22,548
- Receivables within one year +€6,124
up €6,124 (+137.1%), from €4,468 to €10,592
of which Other amounts receivable: +€7,000
- Reserves -€267,500
down €267,500 (-73.3%), from €365,000 to €97,500
- Debts after one year +€34,523
new in 2026: €34,523
- Trade debts +€5,315
up €5,315 (+935.5%), from €568 to €5,883
- Gross operating margin -€180,968
down €180,968 (-36.7%), from €492,747 to €311,779
- Taxes -€48,207
down €48,207 (-41.6%), from €115,915 to €67,709
- Depreciation +€11,420
up €11,420 (+95.2%), from €12,000 to €23,420
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392,141 | €166,783 | -€225,359 | -57.5% |
| Fixed assets | 21/28 | €42,000 | €52,548 | +€10,548 | +25.1% |
| Tangible fixed assets | 22/27 | €42,000 | €52,548 | +€10,548 | +25.1% |
| Land and buildings | 22 | - | €22,548 | +€22,548 | |
| Furniture and vehicles | 24 | €42,000 | €30,000 | -€12,000 | -28.6% |
| Current assets | 29/58 | €350,141 | €114,235 | -€235,906 | -67.4% |
| Amounts receivable within one year | 40/41 | €4,468 | €10,592 | +€6,124 | +137.1% |
| Trade receivables | 40 | €3,468 | €2,592 | -€876 | -25.3% |
| Other amounts receivable | 41 | €1,000 | €8,000 | +€7,000 | +700.0% |
| Current investments | 50/53 | €330,000 | - | -€330,000 | |
| Cash at bank and in hand | 54/58 | €12,448 | €100,677 | +€88,229 | +708.8% |
| Deferred charges and accrued income | 490/1 | €3,225 | €2,966 | -€260 | -8.0% |
| Total equity and liabilities | 10/49 | €392,141 | €166,783 | -€225,359 | -57.5% |
| Equity | 10/15 | €389,907 | €121,650 | -€268,257 | -68.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €365,000 | €97,500 | -€267,500 | -73.3% |
| Distributable reserves | 133 | €365,000 | €97,500 | -€267,500 | -73.3% |
| Profit (loss) carried forward | 14 | €907 | €150 | -€757 | -83.5% |
| Amounts payable | 17/49 | €2,234 | €45,133 | +€42,899 | +1920.1% |
| Amounts payable after more than one year | 17 | - | €34,523 | +€34,523 | |
| Financial debts | 170/4 | - | €34,523 | +€34,523 | |
| Amounts payable within one year | 42/48 | €1,815 | €10,478 | +€8,663 | +477.2% |
| Trade debts | 44 | €568 | €5,883 | +€5,315 | +935.5% |
| Suppliers | 440/4 | €568 | €5,883 | +€5,315 | +935.5% |
| Taxes, remuneration and social security | 45 | €1,247 | €4,596 | +€3,348 | +268.4% |
| Taxes | 450/3 | €1,247 | €4,596 | +€3,348 | +268.4% |
| Accrued charges and deferred income | 492/3 | €419 | €132 | -€287 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,000 | €23,420 | +€11,420 | +95.2% |
| Other operating charges | 640/8 | €661 | €675 | +€15 | +2.2% |
| Gross operating margin | 9900 | €492,747 | €311,779 | -€180,968 | -36.7% |
| Operating profit (loss) | 9901 | €480,086 | €287,684 | -€192,402 | -40.1% |
| Financial income | 75/76B | €1,512 | €1,188 | -€324 | -21.4% |
| Recurring financial income | 75 | €1,512 | €1,188 | -€324 | -21.4% |
| Financial charges | 65/66B | €551 | €421 | -€130 | -23.5% |
| Recurring financial charges | 65 | €551 | €421 | -€130 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €481,047 | €288,451 | -€192,596 | -40.0% |
| Income taxes | 67/77 | €115,915 | €67,709 | -€48,207 | -41.6% |
| Profit (loss) for the period | 9904 | €365,132 | €220,743 | -€144,389 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €365,132 | €220,743 | -€144,389 | -39.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.