ACTALYA SPV: 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.
ACTALYA SPV
Largest movements
- Stocks and contracts +€121,926
up €121,926 (+4.1%), from €2.9m to €3.1m
- Short-term financial debts +€2.2m
new in 2025: €2.2m
- Debts after one year -€2.1m
down €2.1m (-68.0%), from €3.1m to €992,793
of which Financial debts: -€2.2m
- Profit (loss) carried forward +€36,460
up €36,460 (+22.4%), from -€163,117 to -€126,656
- Gross operating margin +€97,330
up €97,330 (+131%), from €74,100 to €171,430
- Financial charges +€5,052
up €5,052 (+3.9%), from €128,920 to €133,972
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 | €2,965,651 | €3,090,292 | +€124,641 | +4.2% |
| Fixed assets | 21/28 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,965,651 | €3,090,292 | +€124,641 | +4.2% |
| Stocks and contracts in progress | 3 | €2,940,122 | €3,062,048 | +€121,926 | +4.1% |
| Stocks | 30/36 | €2,940,122 | €3,062,048 | +€121,926 | +4.1% |
| Amounts receivable within one year | 40/41 | €145 | €23,315 | +€23,169 | +15,957% |
| Trade receivables | 40 | €145 | €1,008 | +€863 | +594% |
| Other amounts receivable | 41 | - | €22,307 | +€22,307 | |
| Cash at bank and in hand | 54/58 | €25,384 | €4,485 | -€20,899 | -82.3% |
| Deferred charges and accrued income | 490/1 | €0 | €444 | +€444 | |
| Total equity and liabilities | 10/49 | €2,965,651 | €3,090,292 | +€124,641 | +4.2% |
| Equity | 10/15 | -€153,117 | -€116,656 | +€36,460 | +23.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,117 | -€126,656 | +€36,460 | +22.4% |
| Amounts payable | 17/49 | €3,118,768 | €3,206,948 | +€88,180 | +2.8% |
| Amounts payable after more than one year | 17 | €3,099,763 | €992,793 | -€2.1m | -68.0% |
| Financial debts | 170/4 | €2,200,000 | €0 | -€2.2m | -100% |
| Other amounts payable | 178/9 | €899,763 | €992,793 | +€93,030 | +10.3% |
| Amounts payable within one year | 42/48 | €14,786 | €2,212,461 | +€2.2m | +14,863% |
| Financial debts | 43 | - | €2,200,000 | +€2.2m | |
| Other loans | 439 | - | €2,200,000 | +€2.2m | |
| Trade debts | 44 | €14,786 | €12,461 | -€2,325 | -15.7% |
| Suppliers | 440/4 | €14,786 | €12,461 | -€2,325 | -15.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,219 | €1,694 | -€2,525 | -59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +158% |
| Gross operating margin | 9900 | €74,100 | €171,430 | +€97,330 | +131% |
| Operating profit (loss) | 9901 | €73,713 | €170,432 | +€96,719 | +131% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €128,920 | €133,972 | +€5,052 | +3.9% |
| Recurring financial charges | 65 | €128,920 | €133,972 | +€5,052 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€55,207 | €36,460 | +€91,667 | |
| Profit (loss) for the period | 9904 | -€55,207 | €36,460 | +€91,667 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,207 | €36,460 | +€91,667 |
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 19 October 2026 via checked.be.