ACCES DIRECT: 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.
ACCES DIRECT
Largest movements
- Financial fixed assets +€1.0m
up €1.0m (+322144.2%), from €310 to €1.0m
- Tangible fixed assets -€17,551
down €17,551 (-23.3%), from €75,318 to €57,768
of which Land and buildings: -€10,524
- Cash -€16,910
down €16,910 (-54.4%), from €31,082 to €14,173
mainly Investment in fixed assets (net) (-€1.0m) and Receivables within one year (-€16,265)
- Receivables within one year +€16,265
up €16,265 (+71.3%), from €22,821 to €39,085
of which Trade receivables: +€8,973
- Debts after one year +€1.0m
new in 2025: €1.0m
- Financial charges +€1,854
up €1,854 (+254.1%), from €730 to €2,584
- Depreciation +€1,463
up €1,463 (+7.6%), from €19,361 to €20,824
- Gross operating margin +€1,304
up €1,304 (+7.5%), from €17,299 to €18,603
- Financial income +€880
new in 2025: €880
- Taxes -€279
down €279 (-60.4%), from €462 to €183
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 | €130,366 | €1,119,715 | +€989,349 | +758.9% |
| Fixed assets | 21/28 | €75,629 | €1,066,457 | +€990,829 | +1310.1% |
| Intangible fixed assets | 21 | - | €8,379 | +€8,379 | |
| Tangible fixed assets | 22/27 | €75,318 | €57,768 | -€17,551 | -23.3% |
| Land and buildings | 22 | €63,621 | €53,097 | -€10,524 | -16.5% |
| Plant, machinery and equipment | 23 | €604 | €232 | -€372 | -61.6% |
| Furniture and vehicles | 24 | €11,093 | €4,438 | -€6,655 | -60.0% |
| Financial fixed assets | 28 | €310 | €1,000,310 | +€1.0m | +322144.2% |
| Current assets | 29/58 | €54,738 | €53,258 | -€1,480 | -2.7% |
| Amounts receivable within one year | 40/41 | €22,821 | €39,085 | +€16,265 | +71.3% |
| Trade receivables | 40 | €16,411 | €25,384 | +€8,973 | +54.7% |
| Other amounts receivable | 41 | €6,409 | €13,701 | +€7,291 | +113.8% |
| Cash at bank and in hand | 54/58 | €31,082 | €14,173 | -€16,910 | -54.4% |
| Deferred charges and accrued income | 490/1 | €835 | - | -€835 | |
| Total equity and liabilities | 10/49 | €130,366 | €1,119,715 | +€989,349 | +758.9% |
| Equity | 10/15 | €122,773 | €116,474 | -€6,299 | -5.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Uncalled capital | 101 | €27 | €27 | = | 0.0% |
| Reserves | 13 | €36,029 | €36,029 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,991 | €3,991 | = | 0.0% |
| Legal reserve | 130 | €3,991 | €3,991 | = | 0.0% |
| Distributable reserves | 133 | €32,038 | €32,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,770 | €18,471 | -€6,299 | -25.4% |
| Amounts payable | 17/49 | €7,593 | €1,003,241 | +€995,648 | +13112.1% |
| Amounts payable after more than one year | 17 | - | €1,000,000 | +€1.0m | |
| Financial debts | 170/4 | - | €1,000,000 | +€1.0m | |
| Amounts payable within one year | 42/48 | €7,593 | €2,658 | -€4,936 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €4,614 | - | -€4,614 | |
| Trade debts | 44 | €2,128 | €2,350 | +€222 | +10.4% |
| Suppliers | 440/4 | €2,128 | €2,350 | +€222 | +10.4% |
| Taxes, remuneration and social security | 45 | €462 | €176 | -€285 | -61.8% |
| Taxes | 450/3 | €462 | €176 | -€285 | -61.8% |
| Other amounts payable | 47/48 | €389 | €131 | -€258 | -66.3% |
| Accrued charges and deferred income | 492/3 | - | €583 | +€583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,361 | €20,824 | +€1,463 | +7.6% |
| Other operating charges | 640/8 | €2,064 | €2,192 | +€128 | +6.2% |
| Gross operating margin | 9900 | €17,299 | €18,603 | +€1,304 | +7.5% |
| Operating profit (loss) | 9901 | -€4,126 | -€4,412 | -€286 | -6.9% |
| Financial income | 75/76B | - | €880 | +€880 | |
| Recurring financial income | 75 | - | €880 | +€880 | |
| Financial charges | 65/66B | €730 | €2,584 | +€1,854 | +254.1% |
| Recurring financial charges | 65 | €730 | €2,584 | +€1,854 | +254.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,856 | -€6,116 | -€1,260 | -26.0% |
| Income taxes | 67/77 | €462 | €183 | -€279 | -60.4% |
| Profit (loss) for the period | 9904 | -€5,317 | -€6,299 | -€981 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,317 | -€6,299 | -€981 | -18.5% |
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 5 October 2026 via checked.be.