ACSION: 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.
ACSION
Largest movements
- Receivables within one year -€26,067
down €26,067 (-60.1%), from €43,337 to €17,270
of which Other amounts receivable: -€13,967
- Cash +€18,969
up €18,969 (+126.2%), from €15,028 to €33,997
mainly Receivables within one year (+€26,067) and Depreciation (+€11,621)
- Financial fixed assets +€10,000
up €10,000 (+82.0%), from €12,200 to €22,200
- Tangible fixed assets -€8,300
down €8,300 (-24.4%), from €34,047 to €25,747
- Deferred charges and accrued income +€3,063
up €3,063 (+27.8%), from €11,000 to €14,063
- Debts after one year -€12,440
down €12,440 (-85.4%), from €14,567 to €2,127
- Reserves +€6,383
up €6,383 (+13.5%), from €47,256 to €53,640
- Other debts +€5,261
new in 2025: €5,261
- Current portion of long-term debt -€3,717
down €3,717 (-23.0%), from €16,158 to €12,440
- Tax, wage and social debts +€3,647
up €3,647 (+23.8%), from €15,349 to €18,996
of which Remuneration and social security: +€2,528
- Financial charges +€42,787
up €42,787 (+2460.1%), from €1,739 to €44,527
- Gross operating margin +€11,995
up €11,995 (+26.3%), from €45,573 to €57,568
- Financial income +€9,423
up €9,423 (+1618.7%), from €582 to €10,005
- Taxes -€5,892
down €5,892 (-71.8%), from €8,206 to €2,313
- Other operating charges -€1,655
down €1,655 (-57.5%), from €2,878 to €1,223
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 | €115,754 | €113,277 | -€2,477 | -2.1% |
| Formation expenses | 20 | €142 | €0 | -€142 | -100.0% |
| Fixed assets | 21/28 | €46,247 | €47,947 | +€1,700 | +3.7% |
| Tangible fixed assets | 22/27 | €34,047 | €25,747 | -€8,300 | -24.4% |
| Furniture and vehicles | 24 | €34,047 | €25,747 | -€8,300 | -24.4% |
| Financial fixed assets | 28 | €12,200 | €22,200 | +€10,000 | +82.0% |
| Current assets | 29/58 | €69,365 | €65,330 | -€4,035 | -5.8% |
| Amounts receivable within one year | 40/41 | €43,337 | €17,270 | -€26,067 | -60.1% |
| Trade receivables | 40 | €26,620 | €14,520 | -€12,100 | -45.5% |
| Other amounts receivable | 41 | €16,717 | €2,750 | -€13,967 | -83.5% |
| Cash at bank and in hand | 54/58 | €15,028 | €33,997 | +€18,969 | +126.2% |
| Deferred charges and accrued income | 490/1 | €11,000 | €14,063 | +€3,063 | +27.8% |
| Total equity and liabilities | 10/49 | €115,754 | €113,277 | -€2,477 | -2.1% |
| Equity | 10/15 | €65,856 | €72,240 | +€6,383 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,256 | €53,640 | +€6,383 | +13.5% |
| Distributable reserves | 133 | €47,256 | €53,640 | +€6,383 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €49,898 | €41,037 | -€8,860 | -17.8% |
| Amounts payable after more than one year | 17 | €14,567 | €2,127 | -€12,440 | -85.4% |
| Financial debts | 170/4 | €14,567 | €2,127 | -€12,440 | -85.4% |
| Amounts payable within one year | 42/48 | €31,672 | €38,661 | +€6,989 | +22.1% |
| Current portion of amounts payable after more than one year | 42 | €16,158 | €12,440 | -€3,717 | -23.0% |
| Trade debts | 44 | €165 | €1,963 | +€1,797 | +1088.2% |
| Suppliers | 440/4 | €165 | €1,963 | +€1,797 | +1088.2% |
| Taxes, remuneration and social security | 45 | €15,349 | €18,996 | +€3,647 | +23.8% |
| Taxes | 450/3 | €15,197 | €16,316 | +€1,119 | +7.4% |
| Remuneration and social security | 454/9 | €152 | €2,680 | +€2,528 | +1663.5% |
| Other amounts payable | 47/48 | - | €5,261 | +€5,261 | |
| Accrued charges and deferred income | 492/3 | €3,659 | €250 | -€3,409 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,465 | €11,621 | +€156 | +1.4% |
| Other operating charges | 640/8 | €2,878 | €1,223 | -€1,655 | -57.5% |
| Non-recurring operating charges | 66A | €1,049 | €1,506 | +€457 | +43.5% |
| Gross operating margin | 9900 | €45,573 | €57,568 | +€11,995 | +26.3% |
| Operating profit (loss) | 9901 | €30,180 | €43,218 | +€13,038 | +43.2% |
| Financial income | 75/76B | €582 | €10,005 | +€9,423 | +1618.7% |
| Recurring financial income | 75 | €582 | €10,005 | +€9,423 | +1618.7% |
| Financial charges | 65/66B | €1,739 | €44,527 | +€42,787 | +2460.1% |
| Recurring financial charges | 65 | €1,739 | €44,527 | +€42,787 | +2460.1% |
| Profit (loss) for the period before taxes | 9903 | €29,023 | €8,696 | -€20,326 | -70.0% |
| Income taxes | 67/77 | €8,206 | €2,313 | -€5,892 | -71.8% |
| Profit (loss) for the period | 9904 | €20,817 | €6,383 | -€14,434 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,817 | €6,383 | -€14,434 | -69.3% |
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 4 October 2026 via checked.be.