Accretio Advisory: 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 Advisory
Largest movements
- Cash -€108,458
down €108,458 (-86.7%), from €125,063 to €16,604
mainly Contributions, distributions and other (-€185,722) and Current investments (-€100,000)
- Current investments +€100,000
up €100,000, from €0 to €100,000
- Tangible fixed assets -€14,892
down €14,892 (-41.3%), from €36,015 to €21,123
of which Furniture and vehicles: -€9,255
- Deferred charges and accrued income +€6,439
up €6,439 (+29.0%), from €22,207 to €28,646
- Receivables within one year -€4,560
down €4,560 (-20.9%), from €21,799 to €17,239
of which Trade receivables: -€4,657
- Other debts +€120,983
up €120,983 (+3,162%), from €3,826 to €124,809
- Reserves -€101,407
down €101,407 (-74.7%), from €135,722 to €34,315
- Debts after one year -€40,000
down €40,000 (-100%), from €40,000 to €0
- Gross operating margin +€29,862
up €29,862 (+31.5%), from €94,859 to €124,721
- Taxes +€6,115
up €6,115 (+35.2%), from €17,384 to €23,499
- Financial income -€1,462
down €1,462 (-79.1%), from €1,848 to €386
- Financial charges -€1,421
down €1,421 (-91.5%), from €1,552 to €131
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 | €205,084 | €183,613 | -€21,471 | -10.5% |
| Fixed assets | 21/28 | €36,015 | €21,123 | -€14,892 | -41.3% |
| Tangible fixed assets | 22/27 | €36,015 | €21,123 | -€14,892 | -41.3% |
| Land and buildings | 22 | €5,637 | €0 | -€5,637 | -100% |
| Furniture and vehicles | 24 | €30,378 | €21,123 | -€9,255 | -30.5% |
| Current assets | 29/58 | €169,069 | €162,489 | -€6,580 | -3.9% |
| Amounts receivable within one year | 40/41 | €21,799 | €17,239 | -€4,560 | -20.9% |
| Trade receivables | 40 | €21,799 | €17,142 | -€4,657 | -21.4% |
| Other amounts receivable | 41 | €0 | €97 | +€97 | |
| Current investments | 50/53 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €125,063 | €16,604 | -€108,458 | -86.7% |
| Deferred charges and accrued income | 490/1 | €22,207 | €28,646 | +€6,439 | +29.0% |
| Total equity and liabilities | 10/49 | €205,084 | €183,613 | -€21,471 | -10.5% |
| Equity | 10/15 | €136,722 | €35,315 | -€101,407 | -74.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €135,722 | €34,315 | -€101,407 | -74.7% |
| Distributable reserves | 133 | €135,722 | €34,315 | -€101,407 | -74.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €68,362 | €148,298 | +€79,935 | +117% |
| Amounts payable after more than one year | 17 | €40,000 | €0 | -€40,000 | -100% |
| Financial debts | 170/4 | €40,000 | €0 | -€40,000 | -100% |
| Amounts payable within one year | 42/48 | €28,132 | €148,040 | +€119,908 | +426% |
| Trade debts | 44 | €626 | €338 | -€288 | -46.0% |
| Suppliers | 440/4 | €626 | €338 | -€288 | -46.0% |
| Taxes, remuneration and social security | 45 | €23,680 | €22,893 | -€787 | -3.3% |
| Taxes | 450/3 | €23,680 | €22,893 | -€787 | -3.3% |
| Other amounts payable | 47/48 | €3,826 | €124,809 | +€120,983 | +3,162% |
| Accrued charges and deferred income | 492/3 | €231 | €258 | +€27 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,873 | €10,441 | -€432 | -4.0% |
| Other operating charges | 640/8 | €417 | €1,084 | +€668 | +160% |
| Non-recurring operating charges | 66A | - | €5,637 | +€5,637 | |
| Gross operating margin | 9900 | €94,859 | €124,721 | +€29,862 | +31.5% |
| Operating profit (loss) | 9901 | €83,569 | €107,558 | +€23,989 | +28.7% |
| Financial income | 75/76B | €1,848 | €386 | -€1,462 | -79.1% |
| Recurring financial income | 75 | €1,848 | €386 | -€1,462 | -79.1% |
| Financial charges | 65/66B | €1,552 | €131 | -€1,421 | -91.5% |
| Recurring financial charges | 65 | €1,552 | €131 | -€1,421 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €83,866 | €107,813 | +€23,948 | +28.6% |
| Income taxes | 67/77 | €17,384 | €23,499 | +€6,115 | +35.2% |
| Profit (loss) for the period | 9904 | €66,482 | €84,315 | +€17,833 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,482 | €84,315 | +€17,833 | +26.8% |
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 16 October 2026 via checked.be.