Accretio: what changed
Accretio
Largest movements
- Current assets -€20,569
down €20,569 (-21.7%), from €94,700 to €74,131
of which Receivables within one year: -€37,694
- Tangible fixed assets -€20,078
down €20,078 (-7.1%), from €284,725 to €264,647
- Debts -€94,158
down €94,158 (-60.4%), from €155,924 to €61,765
of which Debts after one year: -€117,348
- Reserves +€53,511
up €53,511 (+72.8%), from €73,502 to €127,013
- Taxes +€12,316
up €12,316 (+59.7%), from €20,618 to €32,934
- Depreciation -€3,809
down €3,809 (-12.8%), from €29,651 to €25,842
Change in the result, 2013 to 2014
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2013 | 2014 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,425 | €338,778 | -€40,647 | -10.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €284,725 | €264,647 | -€20,078 | -7.1% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €284,725 | €264,647 | -€20,078 | -7.1% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €94,700 | €74,131 | -€20,569 | -21.7% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €50,622 | €12,929 | -€37,694 | -74.5% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €42,850 | €60,119 | +€17,269 | +40.3% |
| Total equity and liabilities | 10/49 | €379,425 | €338,778 | -€40,647 | -10.7% |
| Equity | 10/15 | €223,502 | €277,013 | +€53,511 | +23.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €73,502 | €127,013 | +€53,511 | +72.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €155,924 | €61,765 | -€94,158 | -60.4% |
| Amounts payable after more than one year | 17 | €130,168 | €12,820 | -€117,348 | -90.2% |
| Amounts payable within one year | 42/48 | €25,635 | €48,777 | +€23,142 | +90.3% |
| Trade debts | 44 | €1,931 | €2,282 | +€351 | +18.2% |
| Turnover | 70 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,651 | €25,842 | -€3,809 | -12.8% |
| Gross operating margin | 9900 | €105,969 | €106,455 | +€486 | +0.5% |
| Operating profit (loss) | 9901 | €74,765 | €79,307 | +€4,541 | +6.1% |
| Recurring financial income | 75 | €16 | €4 | -€12 | -77.2% |
| Recurring financial charges | 65 | €8,164 | €4,230 | -€3,935 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €66,617 | €86,445 | +€19,829 | +29.8% |
| Income taxes | 67/77 | €20,618 | €32,934 | +€12,316 | +59.7% |
| Profit (loss) for the period | 9904 | €45,999 | €53,511 | +€7,513 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,999 | €53,511 | +€7,513 | +16.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2013 and 31 December 2014. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.