ACCOUNTABLE: what changed
Two fiscal 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.
ACCOUNTABLE
Largest movements
- Cash +€1.4m
up €1.4m (+57.8%), from €2.4m to €3.8m
mainly Contributions, distributions and other (+€8.9m) and Depreciation (+€1.6m)
- Intangible fixed assets +€1.1m
up €1.1m (+33.3%), from €3.4m to €4.5m
- Receivables within one year +€227,468
up €227,468 (+52.5%), from €433,498 to €660,966
of which Trade receivables: +€385,086
- Contributions +€8.9m
up €8.9m (+60.4%), from €14.8m to €23.7m
of which Outside capital: +€8.8m
- Profit (loss) carried forward -€8.1m
down €8.1m (-72.0%), from -€11.2m to -€19.3m
- Accrued charges and deferred income +€889,193
up €889,193 (+302.9%), from €293,567 to €1.2m
- Trade debts +€848,717
up €848,717 (+139.0%), from €610,463 to €1.5m
- Current portion of long-term debt +€166,667
up €166,667 (+65.8%), from €253,472 to €420,139
- Gross operating margin -€1.3m
down €1.3m (-47.7%), from -€2.7m to -€4.0m
- Staff costs +€856,455
up €856,455 (+92.1%), from €930,417 to €1.8m
- Depreciation +€490,855
up €490,855 (+42.5%), from €1.2m to €1.6m
- Financial charges +€388,735
up €388,735 (+281.5%), from €138,075 to €526,810
- Other operating charges +€85,241
up €85,241 (+1220.2%), from €6,986 to €92,227
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.
Cash bridge derived
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 | €6,275,669 | €9,037,766 | +€2.8m | +44.0% |
| Fixed assets | 21/28 | €3,411,972 | €4,561,556 | +€1.1m | +33.7% |
| Intangible fixed assets | 21 | €3,384,267 | €4,510,177 | +€1.1m | +33.3% |
| Tangible fixed assets | 22/27 | €23,869 | €46,181 | +€22,313 | +93.5% |
| Furniture and vehicles | 24 | €23,869 | €46,181 | +€22,313 | +93.5% |
| Financial fixed assets | 28 | €3,837 | €5,198 | +€1,361 | +35.5% |
| Current assets | 29/58 | €2,863,697 | €4,476,210 | +€1.6m | +56.3% |
| Amounts receivable within one year | 40/41 | €433,498 | €660,966 | +€227,468 | +52.5% |
| Trade receivables | 40 | €275,881 | €660,966 | +€385,086 | +139.6% |
| Other amounts receivable | 41 | €157,618 | €0 | -€157,618 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,410,703 | €3,804,435 | +€1.4m | +57.8% |
| Deferred charges and accrued income | 490/1 | €19,496 | €10,809 | -€8,687 | -44.6% |
| Total equity and liabilities | 10/49 | €6,275,669 | €9,037,766 | +€2.8m | +44.0% |
| Equity | 10/15 | €3,538,922 | €4,367,853 | +€828,930 | +23.4% |
| Contributions | 10/11 | €14,776,854 | €23,696,624 | +€8.9m | +60.4% |
| Capital | 10 | €429,036 | €520,223 | +€91,187 | +21.3% |
| Issued capital | 100 | €429,036 | €520,223 | +€91,187 | +21.3% |
| Outside capital | 11 | €14,347,818 | €23,176,401 | +€8.8m | +61.5% |
| Share premium | 1100/10 | €14,347,818 | €23,176,401 | +€8.8m | +61.5% |
| Profit (loss) carried forward | 14 | -€11,237,932 | -€19,328,772 | -€8.1m | -72.0% |
| Amounts payable | 17/49 | €2,736,747 | €4,669,913 | +€1.9m | +70.6% |
| Amounts payable after more than one year | 17 | €1,361,211 | €1,241,767 | -€119,444 | -8.8% |
| Financial debts | 170/4 | €1,361,111 | €1,241,667 | -€119,444 | -8.8% |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,081,969 | €2,245,386 | +€1.2m | +107.5% |
| Current portion of amounts payable after more than one year | 42 | €253,472 | €420,139 | +€166,667 | +65.8% |
| Trade debts | 44 | €610,463 | €1,459,180 | +€848,717 | +139.0% |
| Suppliers | 440/4 | €610,463 | €1,459,180 | +€848,717 | +139.0% |
| Taxes, remuneration and social security | 45 | €210,168 | €345,903 | +€135,736 | +64.6% |
| Taxes | 450/3 | €52,235 | €60,403 | +€8,169 | +15.6% |
| Remuneration and social security | 454/9 | €157,933 | €285,500 | +€127,567 | +80.8% |
| Other amounts payable | 47/48 | €7,866 | €20,165 | +€12,299 | +156.4% |
| Accrued charges and deferred income | 492/3 | €293,567 | €1,182,760 | +€889,193 | +302.9% |
| Remuneration, social security and pensions | 62 | €930,417 | €1,786,872 | +€856,455 | +92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,154,764 | €1,645,619 | +€490,855 | +42.5% |
| Other operating charges | 640/8 | €6,986 | €92,227 | +€85,241 | +1220.2% |
| Gross operating margin | 9900 | -€2,734,297 | -€4,039,602 | -€1.3m | -47.7% |
| Operating profit (loss) | 9901 | -€4,826,464 | -€7,564,320 | -€2.7m | -56.7% |
| Financial income | 75/76B | €5,499 | €290 | -€5,208 | -94.7% |
| Recurring financial income | 75 | €5,499 | €290 | -€5,208 | -94.7% |
| Financial charges | 65/66B | €138,075 | €526,810 | +€388,735 | +281.5% |
| Recurring financial charges | 65 | €138,075 | €526,810 | +€388,735 | +281.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,959,040 | -€8,090,839 | -€3.1m | -63.2% |
| Profit (loss) for the period | 9904 | -€4,959,040 | -€8,090,839 | -€3.1m | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,959,040 | -€8,090,839 | -€3.1m | -63.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.