Accounting Compagnie: 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.
Accounting Compagnie
Largest movements
- Receivables after one year -€210,000
no longer reported in 2025 (was €210,000)
- Tangible fixed assets +€181,072
up €181,072 (+23.6%), from €767,559 to €948,631
of which Assets under construction and advance payments: +€191,960
- Cash -€58,124
down €58,124 (-20.1%), from €289,338 to €231,214
mainly Contributions, distributions and other (-€343,660) and Investment in fixed assets (net) (-€199,895)
- Current investments -€48,028
down €48,028 (-28.7%), from €167,143 to €119,115
- Receivables within one year +€24,233
up €24,233 (+157%), from €15,398 to €39,630
of which Trade receivables: +€24,233
- Reserves -€128,029
down €128,029 (-18.2%), from €705,176 to €577,147
of which Distributable reserves: -€123,819
- Debts after one year -€53,572
down €53,572 (-15.3%), from €349,702 to €296,130
- Other debts +€38,427
up €38,427 (+28.1%), from €136,583 to €175,010
- Financial income -€80,151
down €80,151 (-95.7%), from €83,756 to €3,605
of which Non-recurring financial income: -€69,816
- Gross operating margin +€48,456
up €48,456 (+11.7%), from €415,183 to €463,639
- Taxes +€21,001
up €21,001 (+27.0%), from €77,733 to €98,734
- Depreciation -€20,222
down €20,222 (-51.8%), from €39,045 to €18,823
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 | €1,457,015 | €1,338,590 | -€118,425 | -8.1% |
| Fixed assets | 21/28 | €767,559 | €948,631 | +€181,072 | +23.6% |
| Tangible fixed assets | 22/27 | €767,559 | €948,631 | +€181,072 | +23.6% |
| Land and buildings | 22 | €685,153 | €672,941 | -€12,212 | -1.8% |
| Furniture and vehicles | 24 | €11,876 | €13,199 | +€1,323 | +11.1% |
| Other tangible fixed assets | 26 | €3,300 | €3,300 | -€0 | 0.0% |
| Assets under construction and advance payments | 27 | €67,230 | €259,190 | +€191,960 | +286% |
| Current assets | 29/58 | €689,456 | €389,959 | -€299,497 | -43.4% |
| Amounts receivable after more than one year | 29 | €210,000 | - | -€210,000 | |
| Other amounts receivable | 291 | €210,000 | - | -€210,000 | |
| Amounts receivable within one year | 40/41 | €15,398 | €39,630 | +€24,233 | +157% |
| Trade receivables | 40 | €10,398 | €34,630 | +€24,233 | +233% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Current investments | 50/53 | €167,143 | €119,115 | -€48,028 | -28.7% |
| Cash at bank and in hand | 54/58 | €289,338 | €231,214 | -€58,124 | -20.1% |
| Deferred charges and accrued income | 490/1 | €7,577 | - | -€7,577 | |
| Total equity and liabilities | 10/49 | €1,457,015 | €1,338,590 | -€118,425 | -8.1% |
| Equity | 10/15 | €767,839 | €639,810 | -€128,029 | -16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €705,176 | €577,147 | -€128,029 | -18.2% |
| Tax-exempt reserves | 132 | €55,852 | €51,642 | -€4,211 | -7.5% |
| Distributable reserves | 133 | €649,324 | €525,505 | -€123,819 | -19.1% |
| Profit (loss) carried forward | 14 | €42,663 | €42,663 | = | 0.0% |
| Provisions and deferred taxes | 16 | €13,963 | €12,910 | -€1,053 | -7.5% |
| Deferred taxes | 168 | €13,963 | €12,910 | -€1,053 | -7.5% |
| Amounts payable | 17/49 | €675,212 | €685,869 | +€10,657 | +1.6% |
| Amounts payable after more than one year | 17 | €349,702 | €296,130 | -€53,572 | -15.3% |
| Financial debts | 170/4 | €349,702 | €296,130 | -€53,572 | -15.3% |
| Amounts payable within one year | 42/48 | €325,409 | €389,139 | +€63,730 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €63,572 | €73,572 | +€10,000 | +15.7% |
| Trade debts | 44 | €27,967 | €36,728 | +€8,760 | +31.3% |
| Suppliers | 440/4 | €27,967 | €36,728 | +€8,760 | +31.3% |
| Taxes, remuneration and social security | 45 | €97,288 | €103,830 | +€6,542 | +6.7% |
| Taxes | 450/3 | €78,765 | €85,217 | +€6,451 | +8.2% |
| Remuneration and social security | 454/9 | €18,523 | €18,613 | +€91 | +0.5% |
| Other amounts payable | 47/48 | €136,583 | €175,010 | +€38,427 | +28.1% |
| Accrued charges and deferred income | 492/3 | €101 | €600 | +€499 | +494% |
| Remuneration, social security and pensions | 62 | €109,740 | €112,206 | +€2,466 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,045 | €18,823 | -€20,222 | -51.8% |
| Other operating charges | 640/8 | €3,091 | €6,804 | +€3,713 | +120% |
| Gross operating margin | 9900 | €415,183 | €463,639 | +€48,456 | +11.7% |
| Operating profit (loss) | 9901 | €263,306 | €325,806 | +€62,500 | +23.7% |
| Financial income | 75/76B | €83,756 | €3,605 | -€80,151 | -95.7% |
| Recurring financial income | 75 | €13,941 | €3,605 | -€10,336 | -74.1% |
| Non-recurring financial income | 76B | €69,816 | - | -€69,816 | |
| Financial charges | 65/66B | €11,000 | €15,047 | +€4,047 | +36.8% |
| Recurring financial charges | 65 | €11,000 | €15,047 | +€4,047 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €336,063 | €314,364 | -€21,698 | -6.5% |
| Transfer to deferred taxes | 680 | €13,963 | - | -€13,963 | |
| Income taxes | 67/77 | €77,733 | €98,734 | +€21,001 | +27.0% |
| Profit (loss) for the period | 9904 | €244,367 | €215,631 | -€28,736 | -11.8% |
| Transfer to tax-exempt reserves | 689 | €55,852 | - | -€55,852 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,514 | €215,631 | +€27,116 | +14.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.