ACT-IMM.: 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-IMM.
Largest movements
- Cash -€117,005
down €117,005 (-49.3%), from €237,257 to €120,252
mainly Other debts (-€156,000) and Investment in fixed assets (net) (-€22,785)
- Other debts -€156,000
down €156,000 (-34.7%), from €449,023 to €293,023
- Profit (loss) carried forward +€38,840
up €38,840 (+82.0%), from -€47,357 to -€8,517
- Gross operating margin +€47,437
up €47,437 (+275.3%), from €17,231 to €64,669
- Taxes +€1,533
up €1,533 (+1077.5%), from €142 to €1,676
- Depreciation +€1,465
up €1,465 (+8.1%), from €18,155 to €19,620
- Financial income -€685
no longer reported in 2026 (was €685)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,399 | €787,008 | -€114,391 | -12.7% |
| Fixed assets | 21/28 | €651,278 | €654,443 | +€3,166 | +0.5% |
| Tangible fixed assets | 22/27 | €651,278 | €654,443 | +€3,166 | +0.5% |
| Land and buildings | 22 | €651,278 | €652,595 | +€1,317 | +0.2% |
| Furniture and vehicles | 24 | - | €1,848 | +€1,848 | |
| Current assets | 29/58 | €250,121 | €132,565 | -€117,556 | -47.0% |
| Amounts receivable within one year | 40/41 | €5,446 | €7,753 | +€2,307 | +42.4% |
| Other amounts receivable | 41 | €5,446 | €7,753 | +€2,307 | +42.4% |
| Current investments | 50/53 | €4,120 | €2,850 | -€1,270 | -30.8% |
| Cash at bank and in hand | 54/58 | €237,257 | €120,252 | -€117,005 | -49.3% |
| Deferred charges and accrued income | 490/1 | €3,298 | €1,710 | -€1,588 | -48.2% |
| Total equity and liabilities | 10/49 | €901,399 | €787,008 | -€114,391 | -12.7% |
| Equity | 10/15 | €449,920 | €488,760 | +€38,840 | +8.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €422,277 | €422,277 | = | 0.0% |
| Distributable reserves | 133 | €422,277 | €422,277 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,357 | -€8,517 | +€38,840 | +82.0% |
| Amounts payable | 17/49 | €451,479 | €298,248 | -€153,231 | -33.9% |
| Amounts payable within one year | 42/48 | €449,673 | €296,413 | -€153,260 | -34.1% |
| Trade debts | 44 | €631 | €3,390 | +€2,760 | +437.6% |
| Suppliers | 440/4 | €631 | €3,390 | +€2,760 | +437.6% |
| Taxes, remuneration and social security | 45 | €20 | - | -€20 | |
| Taxes | 450/3 | €20 | - | -€20 | |
| Other amounts payable | 47/48 | €449,023 | €293,023 | -€156,000 | -34.7% |
| Accrued charges and deferred income | 492/3 | €1,806 | €1,835 | +€29 | +1.6% |
| Non-recurring operating income | 76A | - | €62,655 | +€62,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,155 | €19,620 | +€1,465 | +8.1% |
| Other operating charges | 640/8 | €3,956 | €3,871 | -€86 | -2.2% |
| Gross operating margin | 9900 | €17,231 | €64,669 | +€47,437 | +275.3% |
| Operating profit (loss) | 9901 | -€4,880 | €41,178 | +€46,058 | |
| Financial income | 75/76B | €685 | - | -€685 | |
| Recurring financial income | 75 | €685 | - | -€685 | |
| Financial charges | 65/66B | €820 | €662 | -€158 | -19.2% |
| Recurring financial charges | 65 | €820 | €662 | -€158 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,015 | €40,516 | +€45,531 | |
| Income taxes | 67/77 | €142 | €1,676 | +€1,533 | +1077.5% |
| Profit (loss) for the period | 9904 | -€5,157 | €38,840 | +€43,998 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,157 | €38,840 | +€43,998 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.