ACCOUNTABLE: what changed
ACCOUNTABLE
Largest movements
- Cash +€1.4m
up €1.4m (+57.8%), from €2.4m to €3.8m
mainly Contributions, distributions and other (+€8.9m) and Depreciation (+€1.6m)
- Intangible fixed assets +€1.1m
up €1.1m (+33.3%), from €3.4m to €4.5m
- Receivables within one year +€227,468
up €227,468 (+52.5%), from €433,498 to €660,966
of which Trade receivables: +€385,086
- Contributions +€8.9m
up €8.9m (+60.4%), from €14.8m to €23.7m
of which Contributions outside capital: +€8.8m
- Profit (loss) carried forward -€8.1m
down €8.1m (-72.0%), from -€11.2m to -€19.3m
- Accrued charges and deferred income +€889,193
up €889,193 (+303%), from €293,567 to €1.2m
- Trade debts +€848,717
up €848,717 (+139%), from €610,463 to €1.5m
- Current portion of long-term debt +€166,667
up €166,667 (+65.8%), from €253,472 to €420,139
- Gross operating margin -€1.3m
down €1.3m (-47.7%), from -€2.7m to -€4.0m
- Staff costs +€856,455
up €856,455 (+92.1%), from €930,417 to €1.8m
- Depreciation +€490,855
up €490,855 (+42.5%), from €1.2m to €1.6m
- Financial charges +€388,735
up €388,735 (+282%), from €138,075 to €526,810
- Other operating charges +€85,241
up €85,241 (+1,220%), from €6,986 to €92,227
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,275,669 | €9,037,766 | +€2.8m | +44.0% |
| Fixed assets | 21/28 | €3,411,972 | €4,561,556 | +€1.1m | +33.7% |
| Intangible fixed assets | 21 | €3,384,267 | €4,510,177 | +€1.1m | +33.3% |
| Tangible fixed assets | 22/27 | €23,869 | €46,181 | +€22,313 | +93.5% |
| Furniture and vehicles | 24 | €23,869 | €46,181 | +€22,313 | +93.5% |
| Financial fixed assets | 28 | €3,837 | €5,198 | +€1,361 | +35.5% |
| Current assets | 29/58 | €2,863,697 | €4,476,210 | +€1.6m | +56.3% |
| Amounts receivable within one year | 40/41 | €433,498 | €660,966 | +€227,468 | +52.5% |
| Trade receivables | 40 | €275,881 | €660,966 | +€385,086 | +140% |
| Other amounts receivable | 41 | €157,618 | €0 | -€157,618 | -100% |
| Cash at bank and in hand | 54/58 | €2,410,703 | €3,804,435 | +€1.4m | +57.8% |
| Deferred charges and accrued income | 490/1 | €19,496 | €10,809 | -€8,687 | -44.6% |
| Total equity and liabilities | 10/49 | €6,275,669 | €9,037,766 | +€2.8m | +44.0% |
| Equity | 10/15 | €3,538,922 | €4,367,853 | +€828,930 | +23.4% |
| Contributions | 10/11 | €14,776,854 | €23,696,624 | +€8.9m | +60.4% |
| Capital | 10 | €429,036 | €520,223 | +€91,187 | +21.3% |
| Issued capital | 100 | €429,036 | €520,223 | +€91,187 | +21.3% |
| Contributions outside capital | 11 | €14,347,818 | €23,176,401 | +€8.8m | +61.5% |
| Share premium | 1100/10 | €14,347,818 | €23,176,401 | +€8.8m | +61.5% |
| Profit (loss) carried forward | 14 | -€11,237,932 | -€19,328,772 | -€8.1m | -72.0% |
| Amounts payable | 17/49 | €2,736,747 | €4,669,913 | +€1.9m | +70.6% |
| Amounts payable after more than one year | 17 | €1,361,211 | €1,241,767 | -€119,444 | -8.8% |
| Financial debts | 170/4 | €1,361,111 | €1,241,667 | -€119,444 | -8.8% |
| Other amounts payable | 178/9 | €100 | €100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,081,969 | €2,245,386 | +€1.2m | +108% |
| Current portion of amounts payable after more than one year | 42 | €253,472 | €420,139 | +€166,667 | +65.8% |
| Trade debts | 44 | €610,463 | €1,459,180 | +€848,717 | +139% |
| Suppliers | 440/4 | €610,463 | €1,459,180 | +€848,717 | +139% |
| Taxes, remuneration and social security | 45 | €210,168 | €345,903 | +€135,736 | +64.6% |
| Taxes | 450/3 | €52,235 | €60,403 | +€8,169 | +15.6% |
| Remuneration and social security | 454/9 | €157,933 | €285,500 | +€127,567 | +80.8% |
| Other amounts payable | 47/48 | €7,866 | €20,165 | +€12,299 | +156% |
| Accrued charges and deferred income | 492/3 | €293,567 | €1,182,760 | +€889,193 | +303% |
| Remuneration, social security and pensions | 62 | €930,417 | €1,786,872 | +€856,455 | +92.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,154,764 | €1,645,619 | +€490,855 | +42.5% |
| Other operating charges | 640/8 | €6,986 | €92,227 | +€85,241 | +1,220% |
| Gross operating margin | 9900 | -€2,734,297 | -€4,039,602 | -€1.3m | -47.7% |
| Operating profit (loss) | 9901 | -€4,826,464 | -€7,564,320 | -€2.7m | -56.7% |
| Financial income | 75/76B | €5,499 | €290 | -€5,208 | -94.7% |
| Recurring financial income | 75 | €5,499 | €290 | -€5,208 | -94.7% |
| Financial charges | 65/66B | €138,075 | €526,810 | +€388,735 | +282% |
| Recurring financial charges | 65 | €138,075 | €526,810 | +€388,735 | +282% |
| Profit (loss) for the period before taxes | 9903 | -€4,959,040 | -€8,090,839 | -€3.1m | -63.2% |
| Profit (loss) for the period | 9904 | -€4,959,040 | -€8,090,839 | -€3.1m | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,959,040 | -€8,090,839 | -€3.1m | -63.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.