ACT EVENTS: 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 EVENTS
Largest movements
- Receivables within one year -€205,454
down €205,454 (-36.6%), from €561,148 to €355,694
of which Trade receivables: -€188,241
- Cash +€112,626
up €112,626 (+151%), from €74,596 to €187,222
mainly Receivables within one year (+€205,454) and Advances received (+€47,812)
- Stocks and contracts +€31,170
new in 2025: €31,170
- Tangible fixed assets -€22,475
down €22,475 (-31.1%), from €72,160 to €49,685
of which Furniture and vehicles: -€13,422
- Trade debts -€111,229
down €111,229 (-55.6%), from €199,992 to €88,763
- Advances received +€47,812
up €47,812, from €0 to €47,812
- Tax, wage and social debts -€9,417
down €9,417 (-31.7%), from €29,740 to €20,323
of which Remuneration and social security: -€10,779
- Gross operating margin -€339,986
down €339,986 (-53.4%), from €636,769 to €296,783
- Taxes -€38,376
down €38,376 (-89.7%), from €42,762 to €4,385
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 | €754,864 | €677,584 | -€77,279 | -10.2% |
| Fixed assets | 21/28 | €72,234 | €55,451 | -€16,783 | -23.2% |
| Intangible fixed assets | 21 | €0 | €5,692 | +€5,692 | |
| Tangible fixed assets | 22/27 | €72,160 | €49,685 | -€22,475 | -31.1% |
| Plant, machinery and equipment | 23 | €4,914 | €3,174 | -€1,740 | -35.4% |
| Furniture and vehicles | 24 | €18,452 | €5,030 | -€13,422 | -72.7% |
| Other tangible fixed assets | 26 | €48,794 | €41,481 | -€7,313 | -15.0% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €682,630 | €622,133 | -€60,496 | -8.9% |
| Stocks and contracts in progress | 3 | - | €31,170 | +€31,170 | |
| Contracts in progress | 37 | - | €31,170 | +€31,170 | |
| Amounts receivable within one year | 40/41 | €561,148 | €355,694 | -€205,454 | -36.6% |
| Trade receivables | 40 | €417,762 | €229,521 | -€188,241 | -45.1% |
| Other amounts receivable | 41 | €143,386 | €126,173 | -€17,213 | -12.0% |
| Cash at bank and in hand | 54/58 | €74,596 | €187,222 | +€112,626 | +151% |
| Deferred charges and accrued income | 490/1 | €46,885 | €48,047 | +€1,161 | +2.5% |
| Total equity and liabilities | 10/49 | €754,864 | €677,584 | -€77,279 | -10.2% |
| Equity | 10/15 | €441,860 | €435,537 | -€6,323 | -1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €423,268 | €416,945 | -€6,323 | -1.5% |
| Tax-exempt reserves | 132 | €185,240 | €185,240 | = | 0.0% |
| Distributable reserves | 133 | €238,028 | €231,705 | -€6,323 | -2.7% |
| Provisions and deferred taxes | 16 | €78,799 | €78,799 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €78,799 | €78,799 | = | 0.0% |
| Other liabilities and charges | 164/5 | €78,799 | €78,799 | = | 0.0% |
| Amounts payable | 17/49 | €234,205 | €163,249 | -€70,956 | -30.3% |
| Amounts payable within one year | 42/48 | €232,227 | €163,141 | -€69,085 | -29.7% |
| Trade debts | 44 | €199,992 | €88,763 | -€111,229 | -55.6% |
| Suppliers | 440/4 | €199,992 | €88,763 | -€111,229 | -55.6% |
| Advances received on contracts in progress | 46 | €0 | €47,812 | +€47,812 | |
| Taxes, remuneration and social security | 45 | €29,740 | €20,323 | -€9,417 | -31.7% |
| Taxes | 450/3 | €71 | €1,433 | +€1,362 | +1,907% |
| Remuneration and social security | 454/9 | €29,669 | €18,890 | -€10,779 | -36.3% |
| Other amounts payable | 47/48 | €2,495 | €6,243 | +€3,749 | +150% |
| Accrued charges and deferred income | 492/3 | €1,978 | €107 | -€1,871 | -94.6% |
| Remuneration, social security and pensions | 62 | €262,424 | €263,683 | +€1,259 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,884 | €19,500 | -€3,384 | -14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,830 | €0 | +€2,830 | |
| Other operating charges | 640/8 | €6,442 | €7,468 | +€1,027 | +15.9% |
| Gross operating margin | 9900 | €636,769 | €296,783 | -€339,986 | -53.4% |
| Operating profit (loss) | 9901 | €347,849 | €6,132 | -€341,717 | -98.2% |
| Financial income | 75/76B | €939 | €3,162 | +€2,223 | +237% |
| Recurring financial income | 75 | €939 | €3,162 | +€2,223 | +237% |
| Financial charges | 65/66B | €5,029 | €11,232 | +€6,203 | +123% |
| Recurring financial charges | 65 | €5,029 | €11,232 | +€6,203 | +123% |
| Profit (loss) for the period before taxes | 9903 | €343,758 | -€1,938 | -€345,696 | |
| Income taxes | 67/77 | €42,762 | €4,385 | -€38,376 | -89.7% |
| Profit (loss) for the period | 9904 | €300,997 | -€6,323 | -€307,320 | |
| Transfer to tax-exempt reserves | 689 | €185,240 | €0 | -€185,240 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €115,757 | -€6,323 | -€122,080 |
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 26 October 2026 via checked.be.