AccTiFiM: 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.
AccTiFiM
Largest movements
- Tangible fixed assets +€279,805
up €279,805 (+162.3%), from €172,389 to €452,194
of which Land and buildings: +€257,166
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€70,466
up €70,466 (+45.6%), from €154,624 to €225,090
mainly Debts after one year (+€171,547) and Net result for the year (+€126,184)
- Receivables within one year -€19,218
down €19,218 (-10.7%), from €180,170 to €160,952
of which Trade receivables: -€19,552
- Debts after one year +€171,547
up €171,547 (+120.0%), from €143,006 to €314,553
- Tax, wage and social debts -€42,683
down €42,683 (-63.0%), from €67,744 to €25,061
- Reserves +€41,184
up €41,184 (+23.6%), from €174,772 to €215,956
of which Distributable reserves: +€41,184
- Other debts +€39,211
up €39,211 (+19.9%), from €196,553 to €235,764
- Current portion of long-term debt +€14,775
up €14,775 (+106.4%), from €13,892 to €28,667
- Depreciation +€11,805
up €11,805 (+74.4%), from €15,874 to €27,679
- Financial charges +€11,433
up €11,433 (+94.6%), from €12,092 to €23,525
- Taxes -€9,194
down €9,194 (-19.5%), from €47,174 to €37,980
- Write-downs +€7,865
up €7,865, from -€4,993 to €2,873
- Other operating charges -€6,683
down €6,683 (-34.0%), from €19,678 to €12,995
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 | €616,222 | €849,882 | +€233,660 | +37.9% |
| Fixed assets | 21/28 | €179,689 | €459,303 | +€279,614 | +155.6% |
| Intangible fixed assets | 21 | €7,046 | €6,855 | -€191 | -2.7% |
| Tangible fixed assets | 22/27 | €172,389 | €452,194 | +€279,805 | +162.3% |
| Land and buildings | 22 | €159,202 | €416,368 | +€257,166 | +161.5% |
| Plant, machinery and equipment | 23 | €2,879 | €1,903 | -€976 | -33.9% |
| Furniture and vehicles | 24 | €10,308 | €33,922 | +€23,614 | +229.1% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €436,533 | €390,579 | -€45,954 | -10.5% |
| Amounts receivable within one year | 40/41 | €180,170 | €160,952 | -€19,218 | -10.7% |
| Trade receivables | 40 | €179,506 | €159,954 | -€19,552 | -10.9% |
| Other amounts receivable | 41 | €665 | €999 | +€334 | +50.2% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €154,624 | €225,090 | +€70,466 | +45.6% |
| Deferred charges and accrued income | 490/1 | €1,739 | €4,537 | +€2,798 | +160.8% |
| Total equity and liabilities | 10/49 | €616,222 | €849,882 | +€233,660 | +37.9% |
| Equity | 10/15 | €193,372 | €234,556 | +€41,184 | +21.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,772 | €215,956 | +€41,184 | +23.6% |
| Tax-exempt reserves | 132 | €277 | €277 | = | 0.0% |
| Distributable reserves | 133 | €174,495 | €215,679 | +€41,184 | +23.6% |
| Amounts payable | 17/49 | €422,850 | €615,326 | +€192,476 | +45.5% |
| Amounts payable after more than one year | 17 | €143,006 | €314,553 | +€171,547 | +120.0% |
| Financial debts | 170/4 | €143,006 | €314,553 | +€171,547 | +120.0% |
| Amounts payable within one year | 42/48 | €279,844 | €300,773 | +€20,929 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €13,892 | €28,667 | +€14,775 | +106.4% |
| Trade debts | 44 | €1,655 | €11,150 | +€9,495 | +573.7% |
| Suppliers | 440/4 | €1,655 | €11,150 | +€9,495 | +573.7% |
| Advances received on contracts in progress | 46 | - | €131 | +€131 | |
| Taxes, remuneration and social security | 45 | €67,744 | €25,061 | -€42,683 | -63.0% |
| Taxes | 450/3 | €67,744 | €25,061 | -€42,683 | -63.0% |
| Other amounts payable | 47/48 | €196,553 | €235,764 | +€39,211 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,874 | €27,679 | +€11,805 | +74.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,993 | €2,873 | +€7,865 | |
| Other operating charges | 640/8 | €19,678 | €12,995 | -€6,683 | -34.0% |
| Gross operating margin | 9900 | €236,230 | €231,169 | -€5,062 | -2.1% |
| Operating profit (loss) | 9901 | €205,671 | €187,622 | -€18,049 | -8.8% |
| Financial income | 75/76B | €2,712 | €67 | -€2,646 | -97.5% |
| Recurring financial income | 75 | €2,712 | €67 | -€2,646 | -97.5% |
| Financial charges | 65/66B | €12,092 | €23,525 | +€11,433 | +94.6% |
| Recurring financial charges | 65 | €12,092 | €23,525 | +€11,433 | +94.6% |
| Profit (loss) for the period before taxes | 9903 | €196,291 | €164,164 | -€32,127 | -16.4% |
| Income taxes | 67/77 | €47,174 | €37,980 | -€9,194 | -19.5% |
| Profit (loss) for the period | 9904 | €149,117 | €126,184 | -€22,933 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €149,117 | €126,184 | -€22,933 | -15.4% |
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 3 October 2026 via checked.be.