ACCEL: 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.
ACCEL
Largest movements
- Cash -€24,854
down €24,854 (-74.0%), from €33,572 to €8,718
mainly Net result for the year (-€19,376) and Deferred charges and accrued income (-€19,308)
- Deferred charges and accrued income +€19,308
up €19,308 (+876%), from €2,204 to €21,513
- Receivables within one year -€6,499
down €6,499 (-20.7%), from €31,371 to €24,872
of which Other amounts receivable: -€7,470
- Tangible fixed assets +€2,302
new in 2025: €2,302
- Profit (loss) carried forward -€20,209
down €20,209 (-36.5%), from €55,315 to €35,106
- Current portion of long-term debt +€5,075
new in 2025: €5,075
- Tax, wage and social debts +€4,174
up €4,174 (+72.3%), from €5,773 to €9,947
of which Remuneration and social security: +€2,500
- Trade debts +€1,155
up €1,155 (+576%), from €201 to €1,355
- Financial charges +€19,760
up €19,760 (+54.3%), from €36,390 to €56,150
- Other operating charges +€3,427
up €3,427 (+381%), from €899 to €4,325
- Taxes -€2,986
down €2,986 (-85.4%), from €3,495 to €509
- Gross operating margin -€2,651
down €2,651 (-6.0%), from €44,333 to €41,681
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,148 | €57,405 | -€9,743 | -14.5% |
| Fixed assets | 21/28 | - | €2,302 | +€2,302 | |
| Tangible fixed assets | 22/27 | - | €2,302 | +€2,302 | |
| Other tangible fixed assets | 26 | - | €2,302 | +€2,302 | |
| Current assets | 29/58 | €67,148 | €55,103 | -€12,045 | -17.9% |
| Amounts receivable within one year | 40/41 | €31,371 | €24,872 | -€6,499 | -20.7% |
| Trade receivables | 40 | €22,576 | €23,547 | +€971 | +4.3% |
| Other amounts receivable | 41 | €8,795 | €1,325 | -€7,470 | -84.9% |
| Cash at bank and in hand | 54/58 | €33,572 | €8,718 | -€24,854 | -74.0% |
| Deferred charges and accrued income | 490/1 | €2,204 | €21,513 | +€19,308 | +876% |
| Total equity and liabilities | 10/49 | €67,148 | €57,405 | -€9,743 | -14.5% |
| Equity | 10/15 | €60,315 | €40,106 | -€20,209 | -33.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,315 | €35,106 | -€20,209 | -36.5% |
| Amounts payable | 17/49 | €6,833 | €17,299 | +€10,466 | +153% |
| Amounts payable within one year | 42/48 | €6,833 | €17,211 | +€10,378 | +152% |
| Current portion of amounts payable after more than one year | 42 | - | €5,075 | +€5,075 | |
| Trade debts | 44 | €201 | €1,355 | +€1,155 | +576% |
| Suppliers | 440/4 | €201 | €1,355 | +€1,155 | +576% |
| Taxes, remuneration and social security | 45 | €5,773 | €9,947 | +€4,174 | +72.3% |
| Taxes | 450/3 | €5,773 | €7,447 | +€1,674 | +29.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €859 | €833 | -€26 | -3.0% |
| Accrued charges and deferred income | 492/3 | - | €88 | +€88 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €73 | +€73 | |
| Other operating charges | 640/8 | €899 | €4,325 | +€3,427 | +381% |
| Gross operating margin | 9900 | €44,333 | €41,681 | -€2,651 | -6.0% |
| Operating profit (loss) | 9901 | €43,434 | €37,283 | -€6,151 | -14.2% |
| Financial charges | 65/66B | €36,390 | €56,150 | +€19,760 | +54.3% |
| Recurring financial charges | 65 | €36,390 | €56,150 | +€19,760 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €7,044 | -€18,867 | -€25,911 | |
| Income taxes | 67/77 | €3,495 | €509 | -€2,986 | -85.4% |
| Profit (loss) for the period | 9904 | €3,549 | -€19,376 | -€22,925 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,549 | -€19,376 | -€22,925 |
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 17 October 2026 via checked.be.