ACT: 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.
ACT
Largest movements
- Cash +€35,515
up €35,515 (+43.7%), from €81,249 to €116,764
mainly Net result for the year (+€34,370) and Receivables within one year (+€10,914)
- Receivables within one year -€10,914
down €10,914 (-39.8%), from €27,435 to €16,521
of which Trade receivables: -€7,966
- Tangible fixed assets +€2,324
up €2,324 (+13.3%), from €17,508 to €19,831
of which Plant, machinery and equipment: +€3,752
- Reserves +€34,370
up €34,370 (+46.0%), from €74,696 to €109,066
of which Distributable reserves: +€34,370
- Advances received -€4,333
down €4,333 (-43.3%), from €10,003 to €5,670
- Current portion of long-term debt -€3,746
down €3,746 (-37.4%), from €10,006 to €6,260
- Tax, wage and social debts +€3,345
up €3,345 (+160%), from €2,093 to €5,438
- Trade debts -€2,138
down €2,138 (-27.7%), from €7,707 to €5,570
- Gross operating margin +€20,242
up €20,242 (+65.2%), from €31,063 to €51,305
- Taxes -€7,812
down €7,812 (-42.0%), from €18,599 to €10,787
- Depreciation -€2,045
down €2,045 (-29.8%), from €6,852 to €4,808
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 | €151,192 | €178,116 | +€26,924 | +17.8% |
| Fixed assets | 21/28 | €17,508 | €19,831 | +€2,324 | +13.3% |
| Tangible fixed assets | 22/27 | €17,508 | €19,831 | +€2,324 | +13.3% |
| Plant, machinery and equipment | 23 | €12,826 | €16,577 | +€3,752 | +29.3% |
| Furniture and vehicles | 24 | €4,682 | €3,254 | -€1,428 | -30.5% |
| Current assets | 29/58 | €133,684 | €158,285 | +€24,601 | +18.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,435 | €16,521 | -€10,914 | -39.8% |
| Trade receivables | 40 | €13,992 | €6,026 | -€7,966 | -56.9% |
| Other amounts receivable | 41 | €13,444 | €10,495 | -€2,949 | -21.9% |
| Cash at bank and in hand | 54/58 | €81,249 | €116,764 | +€35,515 | +43.7% |
| Total equity and liabilities | 10/49 | €151,192 | €178,116 | +€26,924 | +17.8% |
| Equity | 10/15 | €98,795 | €133,165 | +€34,370 | +34.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €74,696 | €109,066 | +€34,370 | +46.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €72,836 | €107,206 | +€34,370 | +47.2% |
| Profit (loss) carried forward | 14 | €9,099 | €9,099 | = | 0.0% |
| Amounts payable | 17/49 | €52,397 | €44,951 | -€7,445 | -14.2% |
| Amounts payable after more than one year | 17 | €346 | - | -€346 | |
| Financial debts | 170/4 | €346 | - | -€346 | |
| Amounts payable within one year | 42/48 | €52,051 | €44,951 | -€7,100 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €10,006 | €6,260 | -€3,746 | -37.4% |
| Trade debts | 44 | €7,707 | €5,570 | -€2,138 | -27.7% |
| Suppliers | 440/4 | €7,707 | €5,570 | -€2,138 | -27.7% |
| Advances received on contracts in progress | 46 | €10,003 | €5,670 | -€4,333 | -43.3% |
| Taxes, remuneration and social security | 45 | €2,093 | €5,438 | +€3,345 | +160% |
| Taxes | 450/3 | €2,093 | €5,438 | +€3,345 | +160% |
| Other amounts payable | 47/48 | €22,242 | €22,014 | -€228 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,852 | €4,808 | -€2,045 | -29.8% |
| Other operating charges | 640/8 | €667 | €822 | +€155 | +23.3% |
| Gross operating margin | 9900 | €31,063 | €51,305 | +€20,242 | +65.2% |
| Operating profit (loss) | 9901 | €23,544 | €45,676 | +€22,132 | +94.0% |
| Financial charges | 65/66B | €532 | €518 | -€13 | -2.5% |
| Recurring financial charges | 65 | €532 | €518 | -€13 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €23,012 | €45,157 | +€22,145 | +96.2% |
| Income taxes | 67/77 | €18,599 | €10,787 | -€7,812 | -42.0% |
| Profit (loss) for the period | 9904 | €4,413 | €34,370 | +€29,957 | +679% |
| Profit (loss) for the period to be appropriated | 9905 | €4,413 | €34,370 | +€29,957 | +679% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.