A.C.T.: 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.
A.C.T.
Largest movements
- Receivables within one year +€127,674
up €127,674 (+54.0%), from €236,571 to €364,245
of which Trade receivables: +€142,767
- Tangible fixed assets -€107,574
down €107,574 (-18.0%), from €598,233 to €490,658
of which Leasing and similar rights: -€77,186
- Debts after one year -€93,533
down €93,533 (-26.8%), from €349,064 to €255,531
- Profit (loss) carried forward +€81,646
up €81,646 (+30.0%), from €272,126 to €353,772
- Trade debts +€28,120
up €28,120 (+100%), from €28,104 to €56,224
- Current portion of long-term debt +€17,884
up €17,884 (+17.3%), from €103,219 to €121,103
- Tax, wage and social debts -€9,976
down €9,976 (-12.2%), from €81,610 to €71,634
of which Remuneration and social security: -€21,812
- Gross operating margin +€174,115
up €174,115 (+30.0%), from €580,007 to €754,122
- Staff costs +€52,041
up €52,041 (+14.8%), from €351,766 to €403,806
- Taxes +€21,281
up €21,281 (+571%), from €3,724 to €25,005
- Depreciation +€20,790
up €20,790 (+15.5%), from €134,265 to €155,055
- Other operating charges +€8,755
up €8,755 (+13.8%), from €63,221 to €71,976
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 | €948,621 | €971,960 | +€23,339 | +2.5% |
| Fixed assets | 21/28 | €598,903 | €491,328 | -€107,574 | -18.0% |
| Tangible fixed assets | 22/27 | €598,233 | €490,658 | -€107,574 | -18.0% |
| Plant, machinery and equipment | 23 | €2,685 | €685 | -€2,000 | -74.5% |
| Furniture and vehicles | 24 | €135,843 | €108,921 | -€26,922 | -19.8% |
| Leasing and similar rights | 25 | €448,096 | €370,909 | -€77,186 | -17.2% |
| Other tangible fixed assets | 26 | €11,609 | €10,143 | -€1,466 | -12.6% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €349,718 | €480,632 | +€130,914 | +37.4% |
| Amounts receivable within one year | 40/41 | €236,571 | €364,245 | +€127,674 | +54.0% |
| Trade receivables | 40 | €158,946 | €301,713 | +€142,767 | +89.8% |
| Other amounts receivable | 41 | €77,625 | €62,532 | -€15,093 | -19.4% |
| Cash at bank and in hand | 54/58 | €113,147 | €116,387 | +€3,240 | +2.9% |
| Total equity and liabilities | 10/49 | €948,621 | €971,960 | +€23,339 | +2.5% |
| Equity | 10/15 | €343,814 | €422,532 | +€78,718 | +22.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,126 | €353,772 | +€81,646 | +30.0% |
| Investment grants | 15 | €7,429 | €4,500 | -€2,929 | -39.4% |
| Amounts payable | 17/49 | €604,806 | €549,428 | -€55,379 | -9.2% |
| Amounts payable after more than one year | 17 | €349,064 | €255,531 | -€93,533 | -26.8% |
| Financial debts | 170/4 | €349,064 | €255,531 | -€93,533 | -26.8% |
| Amounts payable within one year | 42/48 | €255,743 | €293,897 | +€38,154 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €103,219 | €121,103 | +€17,884 | +17.3% |
| Financial debts | 43 | €8,926 | €8,898 | -€27 | -0.3% |
| Other loans | 439 | €8,926 | €8,898 | -€27 | -0.3% |
| Trade debts | 44 | €28,104 | €56,224 | +€28,120 | +100% |
| Suppliers | 440/4 | €28,104 | €56,224 | +€28,120 | +100% |
| Taxes, remuneration and social security | 45 | €81,610 | €71,634 | -€9,976 | -12.2% |
| Taxes | 450/3 | €43,842 | €55,678 | +€11,836 | +27.0% |
| Remuneration and social security | 454/9 | €37,768 | €15,956 | -€21,812 | -57.8% |
| Other amounts payable | 47/48 | €33,884 | €36,037 | +€2,153 | +6.4% |
| Remuneration, social security and pensions | 62 | €351,766 | €403,806 | +€52,041 | +14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,265 | €155,055 | +€20,790 | +15.5% |
| Other operating charges | 640/8 | €63,221 | €71,976 | +€8,755 | +13.8% |
| Non-recurring operating charges | 66A | €4,592 | - | -€4,592 | |
| Gross operating margin | 9900 | €580,007 | €754,122 | +€174,115 | +30.0% |
| Operating profit (loss) | 9901 | €26,163 | €123,284 | +€97,121 | +371% |
| Financial income | 75/76B | €2,946 | €2,942 | -€4 | -0.1% |
| Recurring financial income | 75 | €2,946 | €2,942 | -€4 | -0.1% |
| Financial charges | 65/66B | €18,681 | €18,742 | +€62 | +0.3% |
| Recurring financial charges | 65 | €18,681 | €18,742 | +€62 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €10,428 | €107,484 | +€97,056 | +931% |
| Income taxes | 67/77 | €3,724 | €25,005 | +€21,281 | +571% |
| Profit (loss) for the period | 9904 | €6,704 | €82,479 | +€75,775 | +1,130% |
| Profit (loss) for the period to be appropriated | 9905 | €6,704 | €82,479 | +€75,775 | +1,130% |
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 15 October 2026 via checked.be.