ACT: 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.
ACT
Largest movements
- Receivables within one year -€3,395
down €3,395 (-97.3%), from €3,490 to €96
of which Trade receivables: -€3,302
- Cash -€1,397
down €1,397 (-100.0%), from €1,397 to €0
mainly Net result for the year (-€12,044) and Other debts (-€1,350)
- Tangible fixed assets -€1,280
down €1,280 (-69.6%), from €1,839 to €559
of which Furniture and vehicles: -€952
- Profit (loss) carried forward -€12,044
down €12,044 (-11.4%), from -€105,262 to -€117,305
- Short-term financial debts +€6,840
up €6,840, from €0 to €6,840
- Other debts -€1,350
down €1,350 (-2.4%), from €55,964 to €54,615
- Trade debts +€672
up €672 (+20.0%), from €3,354 to €4,026
- Accrued charges and deferred income -€387
down €387 (-100.0%), from €387 to €0
- Gross operating margin -€5,788
down €5,788 (-257.7%), from -€2,246 to -€8,033
- Financial charges +€537
up €537 (+83.2%), from €646 to €1,183
- Depreciation -€496
down €496 (-27.9%), from €1,775 to €1,280
- Taxes -€386
down €386 (-52.1%), from €741 to €355
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 | €6,727 | €655 | -€6,072 | -90.3% |
| Fixed assets | 21/28 | €1,839 | €559 | -€1,280 | -69.6% |
| Tangible fixed assets | 22/27 | €1,839 | €559 | -€1,280 | -69.6% |
| Plant, machinery and equipment | 23 | €636 | €309 | -€327 | -51.5% |
| Furniture and vehicles | 24 | €1,203 | €251 | -€952 | -79.2% |
| Current assets | 29/58 | €4,888 | €96 | -€4,792 | -98.0% |
| Amounts receivable within one year | 40/41 | €3,490 | €96 | -€3,395 | -97.3% |
| Trade receivables | 40 | €3,302 | €0 | -€3,302 | -100.0% |
| Other amounts receivable | 41 | €188 | €96 | -€93 | -49.2% |
| Cash at bank and in hand | 54/58 | €1,397 | €0 | -€1,397 | -100.0% |
| Total equity and liabilities | 10/49 | €6,727 | €655 | -€6,072 | -90.3% |
| Equity | 10/15 | -€53,913 | -€65,956 | -€12,044 | -22.3% |
| Contributions | 10/11 | €18,595 | €18,595 | = | 0.0% |
| Reserves | 13 | €32,754 | €32,754 | = | 0.0% |
| Distributable reserves | 133 | €32,754 | €32,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,262 | -€117,305 | -€12,044 | -11.4% |
| Amounts payable | 17/49 | €60,640 | €66,611 | +€5,972 | +9.8% |
| Amounts payable within one year | 42/48 | €60,252 | €66,611 | +€6,359 | +10.6% |
| Financial debts | 43 | €0 | €6,840 | +€6,840 | |
| Credit institutions | 430/8 | €0 | €6,840 | +€6,840 | |
| Trade debts | 44 | €3,354 | €4,026 | +€672 | +20.0% |
| Suppliers | 440/4 | €3,354 | €4,026 | +€672 | +20.0% |
| Taxes, remuneration and social security | 45 | €934 | €1,130 | +€196 | +21.0% |
| Taxes | 450/3 | €934 | €1,130 | +€196 | +21.0% |
| Other amounts payable | 47/48 | €55,964 | €54,615 | -€1,350 | -2.4% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,775 | €1,280 | -€496 | -27.9% |
| Other operating charges | 640/8 | €1,159 | €1,193 | +€34 | +3.0% |
| Gross operating margin | 9900 | -€2,246 | -€8,033 | -€5,788 | -257.7% |
| Operating profit (loss) | 9901 | -€5,180 | -€10,506 | -€5,326 | -102.8% |
| Financial income | 75/76B | €36 | €0 | -€36 | -100.0% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -100.0% |
| Financial charges | 65/66B | €646 | €1,183 | +€537 | +83.2% |
| Recurring financial charges | 65 | €646 | €1,183 | +€537 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,789 | -€11,688 | -€5,900 | -101.9% |
| Income taxes | 67/77 | €741 | €355 | -€386 | -52.1% |
| Profit (loss) for the period | 9904 | -€6,530 | -€12,044 | -€5,514 | -84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,530 | -€12,044 | -€5,514 | -84.4% |
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 3 October 2026 via checked.be.