ACT-RS: 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-RS
Largest movements
- Receivables within one year -€168,232
down €168,232 (-45.1%), from €372,661 to €204,429
of which Trade receivables: -€158,913
- Cash +€142,876
up €142,876 (+83.3%), from €171,591 to €314,467
mainly Net result for the year (+€351,298) and Receivables within one year (+€168,232)
- Current investments +€125,000
new in 2025: €125,000
- Tangible fixed assets +€19,301
up €19,301 (+1.9%), from €1.0m to €1.0m
of which Furniture and vehicles: +€33,482
- Reserves +€201,298
up €201,298 (+35.7%), from €563,971 to €765,269
- Debts after one year -€71,526
down €71,526 (-10.0%), from €716,843 to €645,317
- Other debts +€50,641
up €50,641 (+50.6%), from €100,000 to €150,641
- Tax, wage and social debts -€33,574
down €33,574 (-41.0%), from €81,872 to €48,297
of which Taxes: -€36,404
- Gross operating margin +€263,910
up €263,910 (+38.7%), from €681,298 to €945,208
- Staff costs +€83,848
up €83,848 (+22.9%), from €366,397 to €450,245
- Taxes +€32,675
up €32,675 (+88.8%), from €36,801 to €69,476
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.
Cash bridge derived
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 | €1,679,083 | €1,801,795 | +€122,711 | +7.3% |
| Fixed assets | 21/28 | €1,027,282 | €1,046,584 | +€19,301 | +1.9% |
| Tangible fixed assets | 22/27 | €1,027,012 | €1,046,314 | +€19,301 | +1.9% |
| Land and buildings | 22 | €917,943 | €903,294 | -€14,649 | -1.6% |
| Plant, machinery and equipment | 23 | €42,839 | €43,307 | +€468 | +1.1% |
| Furniture and vehicles | 24 | €66,231 | €99,713 | +€33,482 | +50.6% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €651,801 | €755,211 | +€103,410 | +15.9% |
| Stocks and contracts in progress | 3 | €89,254 | €94,237 | +€4,983 | +5.6% |
| Stocks | 30/36 | €87,460 | €94,237 | +€6,777 | +7.7% |
| Contracts in progress | 37 | €1,794 | - | -€1,794 | |
| Amounts receivable within one year | 40/41 | €372,661 | €204,429 | -€168,232 | -45.1% |
| Trade receivables | 40 | €363,342 | €204,429 | -€158,913 | -43.7% |
| Other amounts receivable | 41 | €9,318 | - | -€9,318 | |
| Current investments | 50/53 | - | €125,000 | +€125,000 | |
| Cash at bank and in hand | 54/58 | €171,591 | €314,467 | +€142,876 | +83.3% |
| Deferred charges and accrued income | 490/1 | €18,295 | €17,078 | -€1,217 | -6.7% |
| Total equity and liabilities | 10/49 | €1,679,083 | €1,801,795 | +€122,711 | +7.3% |
| Equity | 10/15 | €583,971 | €785,269 | +€201,298 | +34.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €563,971 | €765,269 | +€201,298 | +35.7% |
| Distributable reserves | 133 | €563,971 | €765,269 | +€201,298 | +35.7% |
| Amounts payable | 17/49 | €1,095,112 | €1,016,525 | -€78,587 | -7.2% |
| Amounts payable after more than one year | 17 | €716,843 | €645,317 | -€71,526 | -10.0% |
| Financial debts | 170/4 | €716,843 | €645,317 | -€71,526 | -10.0% |
| Amounts payable within one year | 42/48 | €378,269 | €371,208 | -€7,061 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €64,710 | €50,553 | -€14,157 | -21.9% |
| Financial debts | 43 | €17,945 | €10,203 | -€7,742 | -43.1% |
| Credit institutions | 430/8 | €17,945 | €10,203 | -€7,742 | -43.1% |
| Trade debts | 44 | €113,743 | €111,514 | -€2,229 | -2.0% |
| Suppliers | 440/4 | €113,743 | €111,514 | -€2,229 | -2.0% |
| Taxes, remuneration and social security | 45 | €81,872 | €48,297 | -€33,574 | -41.0% |
| Taxes | 450/3 | €53,823 | €17,419 | -€36,404 | -67.6% |
| Remuneration and social security | 454/9 | €28,048 | €30,878 | +€2,830 | +10.1% |
| Other amounts payable | 47/48 | €100,000 | €150,641 | +€50,641 | +50.6% |
| Non-recurring operating income | 76A | €3,841 | €8,022 | +€4,181 | +108.8% |
| Remuneration, social security and pensions | 62 | €366,397 | €450,245 | +€83,848 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,834 | €49,204 | +€370 | +0.8% |
| Other operating charges | 640/8 | €8,294 | €9,418 | +€1,124 | +13.5% |
| Gross operating margin | 9900 | €681,298 | €945,208 | +€263,910 | +38.7% |
| Operating profit (loss) | 9901 | €257,773 | €436,342 | +€178,569 | +69.3% |
| Financial income | 75/76B | €2,058 | €220 | -€1,838 | -89.3% |
| Recurring financial income | 75 | €2,058 | €220 | -€1,838 | -89.3% |
| Financial charges | 65/66B | €16,672 | €15,787 | -€885 | -5.3% |
| Recurring financial charges | 65 | €16,672 | €15,787 | -€885 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €243,158 | €420,774 | +€177,616 | +73.0% |
| Income taxes | 67/77 | €36,801 | €69,476 | +€32,675 | +88.8% |
| Profit (loss) for the period | 9904 | €206,357 | €351,298 | +€144,942 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €206,357 | €351,298 | +€144,942 | +70.2% |
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 11 October 2026 via checked.be.