DW - ACCENT: 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.
DW - ACCENT
Largest movements
- Financial fixed assets +€760,789
up €760,789 (+51.8%), from €1.5m to €2.2m
- Cash -€634,448
down €634,448 (-95.7%), from €663,014 to €28,566
mainly Investment in fixed assets (net) (-€767,043) and Receivables within one year (-€335,429)
- Receivables within one year +€335,429
up €335,429 (+633.3%), from €52,963 to €388,392
of which Other amounts receivable: +€361,028
- Revaluation surpluses +€760,789
up €760,789 (+55.8%), from €1.4m to €2.1m
- Reserves -€450,281
down €450,281 (-91.1%), from €494,516 to €44,235
- Other debts +€135,000
up €135,000 (+1439.9%), from €9,376 to €144,376
- Current portion of long-term debt +€48,937
up €48,937 (+863.2%), from €5,669 to €54,606
- Short-term financial debts -€41,420
down €41,420 (-98.2%), from €42,175 to €754
- Financial income -€328,159
down €328,159 (-81.6%), from €402,016 to €73,857
- Staff costs +€140,892
up €140,892 (+12.8%), from €1.1m to €1.2m
- Gross operating margin +€86,475
up €86,475 (+6.6%), from €1.3m to €1.4m
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 | €2,318,786 | €2,754,829 | +€436,044 | +18.8% |
| Fixed assets | 21/28 | €1,580,990 | €2,316,956 | +€735,966 | +46.6% |
| Tangible fixed assets | 22/27 | €110,893 | €86,070 | -€24,823 | -22.4% |
| Plant, machinery and equipment | 23 | €97,480 | €76,343 | -€21,138 | -21.7% |
| Furniture and vehicles | 24 | €8,901 | €6,174 | -€2,727 | -30.6% |
| Other tangible fixed assets | 26 | €4,511 | €3,553 | -€959 | -21.2% |
| Financial fixed assets | 28 | €1,470,097 | €2,230,886 | +€760,789 | +51.8% |
| Current assets | 29/58 | €737,795 | €437,873 | -€299,922 | -40.7% |
| Stocks and contracts in progress | 3 | €18,480 | €17,556 | -€924 | -5.0% |
| Stocks | 30/36 | €18,480 | €17,556 | -€924 | -5.0% |
| Amounts receivable within one year | 40/41 | €52,963 | €388,392 | +€335,429 | +633.3% |
| Trade receivables | 40 | €28,706 | €3,107 | -€25,599 | -89.2% |
| Other amounts receivable | 41 | €24,257 | €385,285 | +€361,028 | +1488.4% |
| Cash at bank and in hand | 54/58 | €663,014 | €28,566 | -€634,448 | -95.7% |
| Deferred charges and accrued income | 490/1 | €3,339 | €3,359 | +€20 | +0.6% |
| Total equity and liabilities | 10/49 | €2,318,786 | €2,754,829 | +€436,044 | +18.8% |
| Equity | 10/15 | €1,876,214 | €2,186,722 | +€310,508 | +16.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €1,363,106 | €2,123,895 | +€760,789 | +55.8% |
| Reserves | 13 | €494,516 | €44,235 | -€450,281 | -91.1% |
| Distributable reserves | 133 | €494,516 | €44,235 | -€450,281 | -91.1% |
| Amounts payable | 17/49 | €442,572 | €568,107 | +€125,535 | +28.4% |
| Amounts payable after more than one year | 17 | €14,728 | €8,815 | -€5,913 | -40.1% |
| Financial debts | 170/4 | €14,728 | €8,815 | -€5,913 | -40.1% |
| Amounts payable within one year | 42/48 | €427,844 | €559,292 | +€131,449 | +30.7% |
| Current portion of amounts payable after more than one year | 42 | €5,669 | €54,606 | +€48,937 | +863.2% |
| Financial debts | 43 | €42,175 | €754 | -€41,420 | -98.2% |
| Credit institutions | 430/8 | €42,175 | €754 | -€41,420 | -98.2% |
| Trade debts | 44 | €126,728 | €140,174 | +€13,446 | +10.6% |
| Suppliers | 440/4 | €126,728 | €140,174 | +€13,446 | +10.6% |
| Taxes, remuneration and social security | 45 | €243,896 | €219,382 | -€24,514 | -10.1% |
| Taxes | 450/3 | €65,616 | €25,289 | -€40,327 | -61.5% |
| Remuneration and social security | 454/9 | €178,280 | €194,093 | +€15,813 | +8.9% |
| Other amounts payable | 47/48 | €9,376 | €144,376 | +€135,000 | +1439.9% |
| Remuneration, social security and pensions | 62 | €1,104,336 | €1,245,228 | +€140,892 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,652 | €31,077 | -€575 | -1.8% |
| Other operating charges | 640/8 | €5,156 | €6,163 | +€1,007 | +19.5% |
| Non-recurring operating charges | 66A | - | €834 | +€834 | |
| Gross operating margin | 9900 | €1,315,662 | €1,402,137 | +€86,475 | +6.6% |
| Operating profit (loss) | 9901 | €174,517 | €118,835 | -€55,683 | -31.9% |
| Financial income | 75/76B | €402,016 | €73,857 | -€328,159 | -81.6% |
| Recurring financial income | 75 | €402,016 | €73,857 | -€328,159 | -81.6% |
| Financial charges | 65/66B | €16,139 | €15,700 | -€440 | -2.7% |
| Recurring financial charges | 65 | €16,139 | €15,700 | -€440 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €560,394 | €176,991 | -€383,402 | -68.4% |
| Income taxes | 67/77 | €36,543 | €27,272 | -€9,271 | -25.4% |
| Profit (loss) for the period | 9904 | €523,850 | €149,719 | -€374,131 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €523,850 | €149,719 | -€374,131 | -71.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.