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 -€24,722
down €24,722 (-37.5%), from €65,846 to €41,124
mainly Tax, wage and social debts (-€42,037) and Net result for the year (-€15,482)
- Deferred charges and accrued income -€6,841
down €6,841 (-68.3%), from €10,018 to €3,177
- Tangible fixed assets +€5,906
up €5,906 (+114.0%), from €5,179 to €11,085
of which Furniture and vehicles: +€4,662
- Intangible fixed assets -€5,653
down €5,653 (-15.1%), from €37,477 to €31,824
- Receivables within one year +€1,400
up €1,400 (+24.0%), from €5,838 to €7,238
of which Trade receivables: +€1,023
- Debts after one year +€52,071
new in 2025: €52,071
- Tax, wage and social debts -€42,037
down €42,037 (-91.1%), from €46,157 to €4,120
of which Taxes: -€42,500
- Profit (loss) carried forward -€15,482
down €15,482 (-322.6%), from -€4,799 to -€20,281
- Trade debts -€15,410
down €15,410 (-32.6%), from €47,327 to €31,917
- Other debts -€10,952
down €10,952 (-22.9%), from €47,823 to €36,872
- Gross operating margin -€91,246
down €91,246 (-81.8%), from €111,549 to €20,303
- Staff costs -€68,535
down €68,535 (-82.6%), from €82,975 to €14,440
- Other operating charges -€14,502
down €14,502 (-90.1%), from €16,099 to €1,598
- Financial charges +€7,508
up €7,508 (+153.2%), from €4,900 to €12,408
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 | €139,809 | €109,897 | -€29,911 | -21.4% |
| Fixed assets | 21/28 | €49,607 | €49,859 | +€252 | +0.5% |
| Intangible fixed assets | 21 | €37,477 | €31,824 | -€5,653 | -15.1% |
| Tangible fixed assets | 22/27 | €5,179 | €11,085 | +€5,906 | +114.0% |
| Plant, machinery and equipment | 23 | €3,936 | €5,179 | +€1,243 | +31.6% |
| Furniture and vehicles | 24 | €1,244 | €5,906 | +€4,662 | +374.9% |
| Financial fixed assets | 28 | €6,950 | €6,950 | = | 0.0% |
| Current assets | 29/58 | €90,202 | €60,038 | -€30,164 | -33.4% |
| Stocks and contracts in progress | 3 | €8,500 | €8,500 | = | 0.0% |
| Stocks | 30/36 | €8,500 | €8,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,838 | €7,238 | +€1,400 | +24.0% |
| Trade receivables | 40 | €12 | €1,035 | +€1,023 | +8520.8% |
| Other amounts receivable | 41 | €5,826 | €6,203 | +€378 | +6.5% |
| Cash at bank and in hand | 54/58 | €65,846 | €41,124 | -€24,722 | -37.5% |
| Deferred charges and accrued income | 490/1 | €10,018 | €3,177 | -€6,841 | -68.3% |
| Total equity and liabilities | 10/49 | €139,809 | €109,897 | -€29,911 | -21.4% |
| Equity | 10/15 | -€1,799 | -€17,281 | -€15,482 | -860.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,799 | -€20,281 | -€15,482 | -322.6% |
| Amounts payable | 17/49 | €141,608 | €127,179 | -€14,429 | -10.2% |
| Amounts payable after more than one year | 17 | - | €52,071 | +€52,071 | |
| Financial debts | 170/4 | - | €52,071 | +€52,071 | |
| Amounts payable within one year | 42/48 | €141,608 | €75,108 | -€66,500 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | - | €1,899 | +€1,899 | |
| Trade debts | 44 | €47,327 | €31,917 | -€15,410 | -32.6% |
| Suppliers | 440/4 | €47,327 | €31,917 | -€15,410 | -32.6% |
| Advances received on contracts in progress | 46 | €300 | €300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €46,157 | €4,120 | -€42,037 | -91.1% |
| Taxes | 450/3 | €44,912 | €2,412 | -€42,500 | -94.6% |
| Remuneration and social security | 454/9 | €1,245 | €1,708 | +€464 | +37.2% |
| Other amounts payable | 47/48 | €47,823 | €36,872 | -€10,952 | -22.9% |
| Remuneration, social security and pensions | 62 | €82,975 | €14,440 | -€68,535 | -82.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,802 | €7,239 | +€437 | +6.4% |
| Other operating charges | 640/8 | €16,099 | €1,598 | -€14,502 | -90.1% |
| Gross operating margin | 9900 | €111,549 | €20,303 | -€91,246 | -81.8% |
| Operating profit (loss) | 9901 | €5,673 | -€2,973 | -€8,646 | |
| Financial income | 75/76B | €27 | €114 | +€86 | +315.1% |
| Recurring financial income | 75 | €27 | €114 | +€86 | +315.1% |
| Financial charges | 65/66B | €4,900 | €12,408 | +€7,508 | +153.2% |
| Recurring financial charges | 65 | €4,900 | €12,408 | +€7,508 | +153.2% |
| Profit (loss) for the period before taxes | 9903 | €801 | -€15,267 | -€16,068 | |
| Income taxes | 67/77 | €856 | €215 | -€641 | -74.9% |
| Profit (loss) for the period | 9904 | -€55 | -€15,482 | -€15,427 | -27998.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€55 | -€15,482 | -€15,427 | -27998.2% |
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 9 October 2026 via checked.be.