ACT RESEARCH: 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.
What changed
ACT RESEARCH
NACE 95.319, Other maintenance and repair of motor vehicles
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€130,217
2023 · €68,501+€61,716
Equity
€888,581
2023 · €772,494+€116,087
Cash
€67,121
2023 · €14,337+€52,784
Balance sheet total
€7.4m
2023 · €5.7m+€1.7m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+63.0%), from €1.7m to €2.7m
of which Contracts in progress: +€1.0m
- Receivables within one year +€775,536
up €775,536 (+24.9%), from €3.1m to €3.9m
of which Trade receivables: +€785,545
- Intangible fixed assets -€183,318
down €183,318 (-25.5%), from €717,598 to €534,280
Equity and liabilities
- Trade debts +€1.3m
up €1.3m (+82.6%), from €1.6m to €2.9m
- Short-term financial debts +€515,115
up €515,115 (+29.2%), from €1.8m to €2.3m
- Other debts -€337,735
down €337,735 (-64.4%), from €524,841 to €187,106
- Profit (loss) carried forward +€130,217
up €130,217 (+69.2%), from €188,162 to €318,379
- Tax, wage and social debts +€100,767
up €100,767 (+19.2%), from €525,787 to €626,554
of which Taxes: +€59,442
Income statement
- Gross operating margin +€627,931
up €627,931 (+23.2%), from €2.7m to €3.3m
- Staff costs +€372,670
up €372,670 (+17.4%), from €2.1m to €2.5m
- Financial charges +€159,771
up €159,771 (+87.7%), from €182,264 to €342,034
of which Financial charges: +€147,092
From the 2023 result to the 2024 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.
Result 2023
€68,501
Gross operating margin
+€627,931
Staff costs
-€372,670
Depreciation
-€3,453
Other operating charges
-€30,850
Financial income
+€14,918
Financial charges
-€159,771
Taxes
-€17,922
Deferred taxes and other
+€3,533
Result 2024
€130,217
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€293,293
Investment
-€131,226
Financing
+€477,303
Cash 2023
€14,337
From operations (derived)
-€293,293
Net result for the year
+€130,217
Depreciation
+€309,186
Stocks and contracts
-€1.1m
Receivables within one year
-€775,536
Deferred charges and accrued income
+€558
Provisions
-€3,533
Trade debts
+€1.3m
Tax, wage and social debts
+€100,767
Other debts
-€337,735
Accrued charges and deferred income
+€16,572
Investment (derived)
-€131,226
Investment in fixed assets (net)
-€131,226
Financing
+€477,303
Debts after one year
-€24,556
Current portion of long-term debt
+€875
Short-term financial debts
+€515,115
Contributions, distributions and other
-€14,130
Cash 2024
€67,121
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,715,723 | €7,418,975 | +€1.7m | +29.8% |
| Fixed assets | 21/28 | €913,717 | €735,757 | -€177,960 | -19.5% |
| Intangible fixed assets | 21 | €717,598 | €534,280 | -€183,318 | -25.5% |
| Tangible fixed assets | 22/27 | €133,182 | €151,218 | +€18,036 | +13.5% |
| Plant, machinery and equipment | 23 | €33,537 | €23,759 | -€9,778 | -29.2% |
| Furniture and vehicles | 24 | €55,408 | €102,849 | +€47,441 | +85.6% |
| Leasing and similar rights | 25 | €44,236 | €24,453 | -€19,783 | -44.7% |
| Other tangible fixed assets | 26 | - | €156 | +€156 | |
| Financial fixed assets | 28 | €62,938 | €50,260 | -€12,678 | -20.1% |
| Current assets | 29/58 | €4,802,006 | €6,683,218 | +€1.9m | +39.2% |
| Stocks and contracts in progress | 3 | €1,673,051 | €2,726,501 | +€1.1m | +63.0% |
| Stocks | 30/36 | €693,746 | €716,852 | +€23,106 | +3.3% |
| Contracts in progress | 37 | €979,305 | €2,009,649 | +€1.0m | +105.2% |
| Amounts receivable within one year | 40/41 | €3,114,060 | €3,889,597 | +€775,536 | +24.9% |
| Trade receivables | 40 | €3,082,918 | €3,868,463 | +€785,545 | +25.5% |
| Other amounts receivable | 41 | €31,142 | €21,133 | -€10,009 | -32.1% |
| Cash at bank and in hand | 54/58 | €14,337 | €67,121 | +€52,784 | +368.2% |
| Deferred charges and accrued income | 490/1 | €558 | - | -€558 | |
| Total equity and liabilities | 10/49 | €5,715,723 | €7,418,975 | +€1.7m | +29.8% |
| Equity | 10/15 | €772,494 | €888,581 | +€116,087 | +15.0% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | - | €223,104 | +€223,104 | |
| Issued capital | 100 | - | €223,104 | +€223,104 | |
| Reserves | 13 | €262,316 | €262,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | - | €22,310 | +€22,310 | |
| Reserves not available under the articles | 1311 | €22,310 | - | -€22,310 | |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €202,506 | €202,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,162 | €318,379 | +€130,217 | +69.2% |
| Investment grants | 15 | €98,912 | €84,782 | -€14,130 | -14.3% |
| Provisions and deferred taxes | 16 | €25,418 | €21,886 | -€3,533 | -13.9% |
| Deferred taxes | 168 | €25,418 | €21,886 | -€3,533 | -13.9% |
| Amounts payable | 17/49 | €4,917,810 | €6,508,509 | +€1.6m | +32.3% |
| Amounts payable after more than one year | 17 | €275,000 | €250,444 | -€24,556 | -8.9% |
| Other amounts payable | 178/9 | €275,000 | €250,444 | -€24,556 | -8.9% |
| Amounts payable within one year | 42/48 | €4,642,810 | €6,241,494 | +€1.6m | +34.4% |
| Current portion of amounts payable after more than one year | 42 | €232,393 | €233,268 | +€875 | +0.4% |
| Financial debts | 43 | €1,762,237 | €2,277,352 | +€515,115 | +29.2% |
| Credit institutions | 430/8 | €1,762,237 | €2,277,352 | +€515,115 | +29.2% |
| Trade debts | 44 | €1,597,553 | €2,917,214 | +€1.3m | +82.6% |
| Suppliers | 440/4 | €1,597,553 | €2,917,214 | +€1.3m | +82.6% |
| Taxes, remuneration and social security | 45 | €525,787 | €626,554 | +€100,767 | +19.2% |
| Taxes | 450/3 | €343,163 | €402,605 | +€59,442 | +17.3% |
| Remuneration and social security | 454/9 | €182,624 | €223,949 | +€41,325 | +22.6% |
| Other amounts payable | 47/48 | €524,841 | €187,106 | -€337,735 | -64.4% |
| Accrued charges and deferred income | 492/3 | - | €16,572 | +€16,572 | |
| Remuneration, social security and pensions | 62 | €2,142,878 | €2,515,548 | +€372,670 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,733 | €309,186 | +€3,453 | +1.1% |
| Other operating charges | 640/8 | €31,176 | €62,026 | +€30,850 | +99.0% |
| Gross operating margin | 9900 | €2,705,716 | €3,333,647 | +€627,931 | +23.2% |
| Operating profit (loss) | 9901 | €225,929 | €446,887 | +€220,958 | +97.8% |
| Financial income | 75/76B | €71,554 | €86,472 | +€14,918 | +20.8% |
| Recurring financial income | 75 | €71,554 | €86,472 | +€14,918 | +20.8% |
| Financial charges | 65/66B | €182,264 | €342,034 | +€159,771 | +87.7% |
| Recurring financial charges | 65 | €182,264 | €329,356 | +€147,092 | +80.7% |
| Non-recurring financial charges | 66B | - | €12,678 | +€12,678 | |
| Profit (loss) for the period before taxes | 9903 | €115,219 | €191,324 | +€76,105 | +66.1% |
| Transfer from deferred taxes | 780 | - | €3,533 | +€3,533 | |
| Income taxes | 67/77 | €46,718 | €64,640 | +€17,922 | +38.4% |
| Profit (loss) for the period | 9904 | €68,501 | €130,217 | +€61,716 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,501 | €130,217 | +€61,716 | +90.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.