AKORDEON: 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.
What changed
AKORDEON
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€75,754
2024 · €119,714-€43,961
Equity
€1.4m
2024 · €1.3m+€75,754
Cash
€189,473
2024 · €176,391+€13,082
Balance sheet total
€2.2m
2024 · €2.1m+€93,950
Largest movements
Assets
- Current investments +€45,311
up €45,311 (+3.6%), from €1.3m to €1.3m
- Tangible fixed assets +€36,974
up €36,974 (+5.7%), from €643,136 to €680,110
of which Furniture and vehicles: +€50,489
Equity and liabilities
- Debts after one year -€200,000
down €200,000 (-100%), from €200,000 to €0
- Current portion of long-term debt +€200,000
new in 2025: €200,000
- Reserves +€75,754
up €75,754 (+5.8%), from €1.3m to €1.4m
- Accrued charges and deferred income +€25,183
up €25,183 (+5.6%), from €446,904 to €472,086
Income statement
- Provisions +€146,287
up €146,287, from -€146,287 to €0
- Gross operating margin +€54,455
up €54,455 (+110%), from €49,614 to €104,069
- Taxes -€28,398
down €28,398 (-45.9%), from €61,877 to €33,479
- Financial income +€23,365
up €23,365 (+235%), from €9,943 to €33,308
- Depreciation +€2,593
up €2,593 (+18.2%), from €14,252 to €16,845
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.
Result 2024
€119,714
Gross operating margin
+€54,455
Depreciation
-€2,593
Provisions
-€146,287
Other operating charges
-€23
Financial income
+€23,365
Financial charges
-€1,276
Taxes
+€28,398
Result 2025
€75,754
raises the resultlowers the result
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.
From operations
+€112,212
Investment
-€99,130
Financing
€0
Cash 2024
€176,391
From operations (derived)
+€112,212
Net result for the year
+€75,754
Depreciation
+€16,845
Receivables within one year
-€733
Deferred charges and accrued income
+€2,151
Trade debts
-€4,555
Tax, wage and social debts
+€7,504
Other debts
-€9,936
Accrued charges and deferred income
+€25,183
Investment (derived)
-€99,130
Investment in fixed assets (net)
-€53,819
Current investments
-€45,311
Financing
€0
Debts after one year
-€200,000
Current portion of long-term debt
+€200,000
Cash 2025
€189,473
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,116,866 | €2,210,816 | +€93,950 | +4.4% |
| Fixed assets | 21/28 | €645,528 | €682,501 | +€36,974 | +5.7% |
| Tangible fixed assets | 22/27 | €643,136 | €680,110 | +€36,974 | +5.7% |
| Land and buildings | 22 | €635,471 | €623,122 | -€12,350 | -1.9% |
| Plant, machinery and equipment | 23 | €3,016 | €1,850 | -€1,166 | -38.7% |
| Furniture and vehicles | 24 | €4,649 | €55,138 | +€50,489 | +1,086% |
| Financial fixed assets | 28 | €2,392 | €2,392 | = | 0.0% |
| Current assets | 29/58 | €1,471,339 | €1,528,315 | +€56,976 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,099 | €18,832 | +€733 | +4.0% |
| Trade receivables | 40 | €18,099 | €15,670 | -€2,429 | -13.4% |
| Other amounts receivable | 41 | €0 | €3,162 | +€3,162 | |
| Current investments | 50/53 | €1,274,304 | €1,319,615 | +€45,311 | +3.6% |
| Cash at bank and in hand | 54/58 | €176,391 | €189,473 | +€13,082 | +7.4% |
| Deferred charges and accrued income | 490/1 | €2,546 | €395 | -€2,151 | -84.5% |
| Total equity and liabilities | 10/49 | €2,116,866 | €2,210,816 | +€93,950 | +4.4% |
| Equity | 10/15 | €1,315,224 | €1,390,978 | +€75,754 | +5.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,296,632 | €1,372,386 | +€75,754 | +5.8% |
| Distributable reserves | 133 | €1,296,632 | €1,372,386 | +€75,754 | +5.8% |
| Provisions and deferred taxes | 16 | €82,606 | €82,606 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,606 | €82,606 | = | 0.0% |
| Other liabilities and charges | 164/5 | €82,606 | €82,606 | = | 0.0% |
| Amounts payable | 17/49 | €719,036 | €737,232 | +€18,196 | +2.5% |
| Amounts payable after more than one year | 17 | €200,000 | €0 | -€200,000 | -100% |
| Financial debts | 170/4 | €200,000 | €0 | -€200,000 | -100% |
| Amounts payable within one year | 42/48 | €72,132 | €265,145 | +€193,013 | +268% |
| Current portion of amounts payable after more than one year | 42 | - | €200,000 | +€200,000 | |
| Trade debts | 44 | €6,422 | €1,868 | -€4,555 | -70.9% |
| Suppliers | 440/4 | €6,422 | €1,868 | -€4,555 | -70.9% |
| Taxes, remuneration and social security | 45 | €55,773 | €63,278 | +€7,504 | +13.5% |
| Taxes | 450/3 | €55,773 | €59,514 | +€3,740 | +6.7% |
| Remuneration and social security | 454/9 | - | €3,764 | +€3,764 | |
| Other amounts payable | 47/48 | €9,936 | €0 | -€9,936 | -100% |
| Accrued charges and deferred income | 492/3 | €446,904 | €472,086 | +€25,183 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,252 | €16,845 | +€2,593 | +18.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€146,287 | €0 | +€146,287 | |
| Other operating charges | 640/8 | €3,092 | €3,116 | +€23 | +0.7% |
| Gross operating margin | 9900 | €49,614 | €104,069 | +€54,455 | +110% |
| Operating profit (loss) | 9901 | €178,556 | €84,108 | -€94,447 | -52.9% |
| Financial income | 75/76B | €9,943 | €33,308 | +€23,365 | +235% |
| Recurring financial income | 75 | €9,943 | €33,308 | +€23,365 | +235% |
| Financial charges | 65/66B | €6,908 | €8,184 | +€1,276 | +18.5% |
| Recurring financial charges | 65 | €6,908 | €8,184 | +€1,276 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €181,591 | €109,233 | -€72,358 | -39.8% |
| Income taxes | 67/77 | €61,877 | €33,479 | -€28,398 | -45.9% |
| Profit (loss) for the period | 9904 | €119,714 | €75,754 | -€43,961 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,714 | €75,754 | -€43,961 | -36.7% |
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 23 October 2026 via checked.be.