ACT & LEX: 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 & LEX
Largest movements
- Intangible fixed assets -€545,590
down €545,590 (-14.3%), from €3.8m to €3.3m
- Receivables within one year +€227,776
up €227,776 (+16.7%), from €1.4m to €1.6m
of which Trade receivables: +€237,286
- Debts after one year -€560,031
down €560,031 (-15.9%), from €3.5m to €3.0m
- Trade debts +€237,173
up €237,173 (+18.9%), from €1.3m to €1.5m
- Tax, wage and social debts +€76,591
up €76,591 (+38.4%), from €199,587 to €276,178
of which Remuneration and social security: +€41,733
- Gross operating margin +€374,053
up €374,053 (+12.1%), from €3.1m to €3.5m
- Staff costs +€189,599
up €189,599 (+11.9%), from €1.6m to €1.8m
- Financial income +€52,134
up €52,134 (+84.5%), from €61,672 to €113,806
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 | €6,621,696 | €6,358,195 | -€263,501 | -4.0% |
| Fixed assets | 21/28 | €3,937,101 | €3,435,328 | -€501,772 | -12.7% |
| Intangible fixed assets | 21 | €3,819,130 | €3,273,540 | -€545,590 | -14.3% |
| Tangible fixed assets | 22/27 | €117,971 | €161,788 | +€43,818 | +37.1% |
| Furniture and vehicles | 24 | €64,019 | €134,812 | +€70,793 | +111% |
| Other tangible fixed assets | 26 | €53,952 | €26,976 | -€26,976 | -50.0% |
| Current assets | 29/58 | €2,684,596 | €2,922,867 | +€238,271 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,360,326 | €1,588,103 | +€227,776 | +16.7% |
| Trade receivables | 40 | €1,332,675 | €1,569,961 | +€237,286 | +17.8% |
| Other amounts receivable | 41 | €27,652 | €18,142 | -€9,510 | -34.4% |
| Cash at bank and in hand | 54/58 | €1,293,299 | €1,305,355 | +€12,056 | +0.9% |
| Deferred charges and accrued income | 490/1 | €30,970 | €29,409 | -€1,562 | -5.0% |
| Total equity and liabilities | 10/49 | €6,621,696 | €6,358,195 | -€263,501 | -4.0% |
| Equity | 10/15 | €6,071 | €5,221 | -€850 | -14.0% |
| Contributions | 10/11 | €4,998 | €4,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,073 | €223 | -€850 | -79.3% |
| Amounts payable | 17/49 | €6,615,626 | €6,352,974 | -€262,651 | -4.0% |
| Amounts payable after more than one year | 17 | €3,514,376 | €2,954,345 | -€560,031 | -15.9% |
| Financial debts | 170/4 | €3,514,376 | €2,954,345 | -€560,031 | -15.9% |
| Amounts payable within one year | 42/48 | €3,098,891 | €3,398,629 | +€299,738 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €573,609 | €560,031 | -€13,578 | -2.4% |
| Trade debts | 44 | €1,258,195 | €1,495,368 | +€237,173 | +18.9% |
| Suppliers | 440/4 | €1,258,195 | €1,495,368 | +€237,173 | +18.9% |
| Taxes, remuneration and social security | 45 | €199,587 | €276,178 | +€76,591 | +38.4% |
| Taxes | 450/3 | €47,243 | €82,101 | +€34,858 | +73.8% |
| Remuneration and social security | 454/9 | €152,344 | €194,077 | +€41,733 | +27.4% |
| Other amounts payable | 47/48 | €1,067,500 | €1,067,052 | -€448 | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,359 | - | -€2,359 | |
| Remuneration, social security and pensions | 62 | €1,587,597 | €1,777,196 | +€189,599 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587,716 | €614,870 | +€27,154 | +4.6% |
| Other operating charges | 640/8 | €63,240 | €67,537 | +€4,297 | +6.8% |
| Gross operating margin | 9900 | €3,092,185 | €3,466,238 | +€374,053 | +12.1% |
| Operating profit (loss) | 9901 | €853,632 | €1,006,635 | +€153,003 | +17.9% |
| Financial income | 75/76B | €61,672 | €113,806 | +€52,134 | +84.5% |
| Recurring financial income | 75 | €61,672 | €113,806 | +€52,134 | +84.5% |
| Financial charges | 65/66B | €30,750 | €26,950 | -€3,799 | -12.4% |
| Recurring financial charges | 65 | €30,750 | €26,950 | -€3,799 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €884,554 | €1,093,490 | +€208,936 | +23.6% |
| Income taxes | 67/77 | €11,414 | €17,977 | +€6,562 | +57.5% |
| Profit (loss) for the period | 9904 | €873,140 | €1,075,514 | +€202,374 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €873,140 | €1,075,514 | +€202,374 | +23.2% |
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 25 October 2026 via checked.be.