ACT1: 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.
ACT1
Largest movements
- Cash +€171,998
up €171,998 (+310%), from €55,510 to €227,508
mainly Receivables after one year (+€140,966) and Net result for the year (+€47,137)
- Receivables after one year -€140,966
down €140,966 (-63.2%), from €223,072 to €82,106
- Tangible fixed assets -€13,870
down €13,870 (-36.4%), from €38,103 to €24,233
of which Furniture and vehicles: -€11,918
- Reserves +€10,777
up €10,777 (+2.9%), from €370,195 to €380,972
of which Distributable reserves: +€10,777
- Gross operating margin +€15,650
up €15,650 (+25.0%), from €62,682 to €78,332
- Financial income -€6,071
down €6,071 (-54.0%), from €11,238 to €5,167
- Taxes +€2,397
up €2,397 (+14.7%), from €16,291 to €18,688
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 | €443,150 | €460,952 | +€17,802 | +4.0% |
| Fixed assets | 21/28 | €38,103 | €24,233 | -€13,870 | -36.4% |
| Tangible fixed assets | 22/27 | €38,103 | €24,233 | -€13,870 | -36.4% |
| Plant, machinery and equipment | 23 | €1,041 | €610 | -€431 | -41.4% |
| Furniture and vehicles | 24 | €29,969 | €18,050 | -€11,918 | -39.8% |
| Other tangible fixed assets | 26 | €7,094 | €5,573 | -€1,521 | -21.4% |
| Current assets | 29/58 | €405,047 | €436,719 | +€31,671 | +7.8% |
| Amounts receivable after more than one year | 29 | €223,072 | €82,106 | -€140,966 | -63.2% |
| Other amounts receivable | 291 | €223,072 | €82,106 | -€140,966 | -63.2% |
| Amounts receivable within one year | 40/41 | €20,295 | €23,852 | +€3,557 | +17.5% |
| Trade receivables | 40 | €14,326 | €19,730 | +€5,403 | +37.7% |
| Other amounts receivable | 41 | €5,968 | €4,122 | -€1,846 | -30.9% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,510 | €227,508 | +€171,998 | +310% |
| Deferred charges and accrued income | 490/1 | €6,170 | €3,253 | -€2,917 | -47.3% |
| Total equity and liabilities | 10/49 | €443,150 | €460,952 | +€17,802 | +4.0% |
| Equity | 10/15 | €388,795 | €399,572 | +€10,777 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €370,195 | €380,972 | +€10,777 | +2.9% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €361,195 | €371,972 | +€10,777 | +3.0% |
| Amounts payable | 17/49 | €54,355 | €61,379 | +€7,024 | +12.9% |
| Amounts payable within one year | 42/48 | €51,957 | €58,501 | +€6,544 | +12.6% |
| Trade debts | 44 | €1,074 | €4,305 | +€3,231 | +301% |
| Suppliers | 440/4 | €1,074 | €4,305 | +€3,231 | +301% |
| Taxes, remuneration and social security | 45 | €15,977 | €15,045 | -€932 | -5.8% |
| Taxes | 450/3 | €14,277 | €13,345 | -€932 | -6.5% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €34,906 | €39,151 | +€4,245 | +12.2% |
| Accrued charges and deferred income | 492/3 | €2,398 | €2,878 | +€481 | +20.0% |
| Non-recurring operating income | 76A | €3,620 | - | -€3,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,564 | €13,870 | +€306 | +2.3% |
| Other operating charges | 640/8 | €824 | €676 | -€148 | -18.0% |
| Gross operating margin | 9900 | €62,682 | €78,332 | +€15,650 | +25.0% |
| Operating profit (loss) | 9901 | €48,294 | €63,786 | +€15,492 | +32.1% |
| Financial income | 75/76B | €11,238 | €5,167 | -€6,071 | -54.0% |
| Recurring financial income | 75 | €11,238 | €5,167 | -€6,071 | -54.0% |
| Financial charges | 65/66B | €2,550 | €3,127 | +€578 | +22.7% |
| Recurring financial charges | 65 | €2,550 | €3,127 | +€578 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €56,982 | €65,826 | +€8,843 | +15.5% |
| Income taxes | 67/77 | €16,291 | €18,688 | +€2,397 | +14.7% |
| Profit (loss) for the period | 9904 | €40,691 | €47,137 | +€6,446 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,691 | €47,137 | +€6,446 | +15.8% |
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 13 October 2026 via checked.be.