ACCRETIO: 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.
ACCRETIO
Largest movements
- Tangible fixed assets -€24,902
down €24,902 (-18.7%), from €133,399 to €108,496
of which Leasing and similar rights: -€20,490
- Deferred charges and accrued income +€9,129
up €9,129 (+237.5%), from €3,844 to €12,973
- Receivables within one year -€5,073
down €5,073 (-8.8%), from €57,959 to €52,886
of which Other amounts receivable: -€3,960
- Current investments +€3,217
up €3,217 (+17654.7%), from €18 to €3,235
- Debts after one year -€23,643
down €23,643 (-29.7%), from €79,612 to €55,969
- Other debts +€9,538
up €9,538 (+69.9%), from €13,652 to €23,190
- Reserves -€6,091
down €6,091 (-9.1%), from €66,911 to €60,820
- Depreciation +€11,051
up €11,051 (+71.7%), from €15,406 to €26,457
- Taxes -€6,159
down €6,159 (-57.9%), from €10,643 to €4,483
- Gross operating margin -€6,122
down €6,122 (-12.1%), from €50,534 to €44,411
- Other operating charges +€2,390
up €2,390 (+83.4%), from €2,866 to €5,256
- Financial charges +€2,164
up €2,164 (+83.1%), from €2,604 to €4,768
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 | €205,101 | €187,428 | -€17,672 | -8.6% |
| Fixed assets | 21/28 | €133,399 | €108,496 | -€24,902 | -18.7% |
| Tangible fixed assets | 22/27 | €133,399 | €108,496 | -€24,902 | -18.7% |
| Land and buildings | 22 | €30,606 | €29,053 | -€1,553 | -5.1% |
| Plant, machinery and equipment | 23 | €1,172 | €932 | -€241 | -20.5% |
| Furniture and vehicles | 24 | €3,581 | €1,532 | -€2,049 | -57.2% |
| Leasing and similar rights | 25 | €96,418 | €75,928 | -€20,490 | -21.3% |
| Other tangible fixed assets | 26 | €1,621 | €1,052 | -€570 | -35.1% |
| Current assets | 29/58 | €71,702 | €78,932 | +€7,230 | +10.1% |
| Amounts receivable within one year | 40/41 | €57,959 | €52,886 | -€5,073 | -8.8% |
| Trade receivables | 40 | €19,070 | €17,958 | -€1,112 | -5.8% |
| Other amounts receivable | 41 | €38,889 | €34,929 | -€3,960 | -10.2% |
| Current investments | 50/53 | €18 | €3,235 | +€3,217 | +17654.7% |
| Cash at bank and in hand | 54/58 | €9,881 | €9,838 | -€43 | -0.4% |
| Deferred charges and accrued income | 490/1 | €3,844 | €12,973 | +€9,129 | +237.5% |
| Total equity and liabilities | 10/49 | €205,101 | €187,428 | -€17,672 | -8.6% |
| Equity | 10/15 | €73,111 | €67,020 | -€6,091 | -8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,911 | €60,820 | -€6,091 | -9.1% |
| Distributable reserves | 133 | €66,911 | €60,820 | -€6,091 | -9.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €131,990 | €120,408 | -€11,581 | -8.8% |
| Amounts payable after more than one year | 17 | €79,612 | €55,969 | -€23,643 | -29.7% |
| Financial debts | 170/4 | €79,612 | €55,969 | -€23,643 | -29.7% |
| Amounts payable within one year | 42/48 | €51,856 | €64,439 | +€12,583 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €25,306 | €23,643 | -€1,663 | -6.6% |
| Financial debts | 43 | €5,078 | €5,791 | +€714 | +14.1% |
| Credit institutions | 430/8 | €5,078 | €5,791 | +€714 | +14.1% |
| Trade debts | 44 | €4,872 | €6,860 | +€1,988 | +40.8% |
| Suppliers | 440/4 | €4,872 | €6,860 | +€1,988 | +40.8% |
| Taxes, remuneration and social security | 45 | €2,949 | €4,955 | +€2,006 | +68.0% |
| Taxes | 450/3 | €2,949 | €4,955 | +€2,006 | +68.0% |
| Other amounts payable | 47/48 | €13,652 | €23,190 | +€9,538 | +69.9% |
| Accrued charges and deferred income | 492/3 | €522 | €0 | -€522 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,406 | €26,457 | +€11,051 | +71.7% |
| Other operating charges | 640/8 | €2,866 | €5,256 | +€2,390 | +83.4% |
| Gross operating margin | 9900 | €50,534 | €44,411 | -€6,122 | -12.1% |
| Operating profit (loss) | 9901 | €32,262 | €12,699 | -€19,563 | -60.6% |
| Financial income | 75/76B | €5 | €0 | -€5 | -98.3% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -98.3% |
| Financial charges | 65/66B | €2,604 | €4,768 | +€2,164 | +83.1% |
| Recurring financial charges | 65 | €2,604 | €4,768 | +€2,164 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | €29,663 | €7,931 | -€21,732 | -73.3% |
| Income taxes | 67/77 | €10,643 | €4,483 | -€6,159 | -57.9% |
| Profit (loss) for the period | 9904 | €19,020 | €3,447 | -€15,573 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,020 | €3,447 | -€15,573 | -81.9% |
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 11 October 2026 via checked.be.