Act in Time: 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 in Time
Largest movements
- Tangible fixed assets +€423,958
up €423,958 (+3,407%), from €12,445 to €436,403
of which Other tangible fixed assets: +€417,896
- Cash -€137,103
down €137,103 (-51.9%), from €264,352 to €127,249
mainly Investment in fixed assets (net) (-€438,432) and Other debts (-€50,000)
- Stocks and contracts -€41,077
down €41,077 (-5.5%), from €751,474 to €710,397
- Debts after one year +€320,108
up €320,108 (+4,165%), from €7,686 to €327,794
- Other debts -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Trade debts -€26,790
down €26,790 (-8.8%), from €303,448 to €276,658
- Staff costs +€160,372
up €160,372 (+50.6%), from €317,143 to €477,514
- Gross operating margin -€147,031
down €147,031 (-19.9%), from €739,687 to €592,656
- Taxes -€76,144
down €76,144 (-86.4%), from €88,179 to €12,035
- Write-downs -€43,281
no longer reported in 2025 (was €43,281)
- Financial charges -€9,320
down €9,320 (-24.0%), from €38,855 to €29,535
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 | €1,775,256 | €2,035,650 | +€260,394 | +14.7% |
| Fixed assets | 21/28 | €19,356 | €443,314 | +€423,958 | +2,190% |
| Tangible fixed assets | 22/27 | €12,445 | €436,403 | +€423,958 | +3,407% |
| Plant, machinery and equipment | 23 | €12,445 | €2,895 | -€9,550 | -76.7% |
| Furniture and vehicles | 24 | - | €15,612 | +€15,612 | |
| Other tangible fixed assets | 26 | - | €417,896 | +€417,896 | |
| Financial fixed assets | 28 | €6,911 | €6,911 | = | 0.0% |
| Current assets | 29/58 | €1,755,900 | €1,592,336 | -€163,564 | -9.3% |
| Stocks and contracts in progress | 3 | €751,474 | €710,397 | -€41,077 | -5.5% |
| Stocks | 30/36 | €751,474 | €710,397 | -€41,077 | -5.5% |
| Amounts receivable within one year | 40/41 | €733,440 | €742,902 | +€9,462 | +1.3% |
| Trade receivables | 40 | €725,692 | €724,936 | -€756 | -0.1% |
| Other amounts receivable | 41 | €7,748 | €17,965 | +€10,218 | +132% |
| Cash at bank and in hand | 54/58 | €264,352 | €127,249 | -€137,103 | -51.9% |
| Deferred charges and accrued income | 490/1 | €6,634 | €11,788 | +€5,155 | +77.7% |
| Total equity and liabilities | 10/49 | €1,775,256 | €2,035,650 | +€260,394 | +14.7% |
| Equity | 10/15 | €1,164,073 | €1,183,853 | +€19,781 | +1.7% |
| Contributions | 10/11 | €112,600 | €112,600 | = | 0.0% |
| Reserves | 13 | €14,507 | €14,507 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,247 | €3,247 | = | 0.0% |
| Distributable reserves | 133 | €11,260 | €11,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,036,966 | €1,046,746 | +€9,781 | +0.9% |
| Investment grants | 15 | - | €10,000 | +€10,000 | |
| Amounts payable | 17/49 | €611,183 | €851,797 | +€240,613 | +39.4% |
| Amounts payable after more than one year | 17 | €7,686 | €327,794 | +€320,108 | +4,165% |
| Financial debts | 170/4 | €7,686 | €327,794 | +€320,108 | +4,165% |
| Amounts payable within one year | 42/48 | €601,497 | €506,802 | -€94,695 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €56,058 | €42,863 | -€13,196 | -23.5% |
| Trade debts | 44 | €303,448 | €276,658 | -€26,790 | -8.8% |
| Suppliers | 440/4 | €303,448 | €276,658 | -€26,790 | -8.8% |
| Advances received on contracts in progress | 46 | €20,254 | - | -€20,254 | |
| Taxes, remuneration and social security | 45 | €121,737 | €137,281 | +€15,545 | +12.8% |
| Taxes | 450/3 | €71,087 | €43,764 | -€27,323 | -38.4% |
| Remuneration and social security | 454/9 | €50,650 | €93,518 | +€42,868 | +84.6% |
| Other amounts payable | 47/48 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €17,200 | +€15,200 | +760% |
| Remuneration, social security and pensions | 62 | €317,143 | €477,514 | +€160,372 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,103 | €14,474 | -€1,629 | -10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,281 | - | -€43,281 | |
| Other operating charges | 640/8 | €285 | €8,322 | +€8,037 | +2,817% |
| Gross operating margin | 9900 | €739,687 | €592,656 | -€147,031 | -19.9% |
| Operating profit (loss) | 9901 | €362,875 | €92,344 | -€270,531 | -74.6% |
| Financial income | 75/76B | €2,470 | €9,055 | +€6,585 | +267% |
| Recurring financial income | 75 | €2,470 | €9,055 | +€6,585 | +267% |
| Financial charges | 65/66B | €38,855 | €29,535 | -€9,320 | -24.0% |
| Recurring financial charges | 65 | €38,855 | €29,535 | -€9,320 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €326,490 | €71,865 | -€254,625 | -78.0% |
| Income taxes | 67/77 | €88,179 | €12,035 | -€76,144 | -86.4% |
| Profit (loss) for the period | 9904 | €238,311 | €59,830 | -€178,481 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €238,311 | €59,830 | -€178,481 | -74.9% |
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 22 October 2026 via checked.be.