ACTE: what changed
Two fiscal 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.
ACTE
Largest movements
- Stocks and contracts +€324,158
up €324,158 (+325.5%), from €99,573 to €423,731
- Cash -€46,310
down €46,310 (-93.5%), from €49,529 to €3,219
mainly Stocks and contracts (-€324,158) and Trade debts (-€1,914)
- Debts after one year +€258,479
up €258,479 (+482.9%), from €53,521 to €312,000
- Other debts +€15,771
up €15,771 (+20.1%), from €78,484 to €94,255
- Profit (loss) carried forward +€5,832
up €5,832 (+59.8%), from €9,747 to €15,580
- Gross operating margin -€25,009
down €25,009 (-69.0%), from €36,234 to €11,224
- Financial charges -€17,075
down €17,075 (-88.9%), from €19,204 to €2,129
- Taxes -€1,126
down €1,126 (-34.7%), from €3,249 to €2,123
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 | €151,375 | €428,465 | +€277,091 | +183.0% |
| Formation expenses | 20 | €2,272 | €1,515 | -€757 | -33.3% |
| Current assets | 29/58 | €149,103 | €426,951 | +€277,848 | +186.3% |
| Stocks and contracts in progress | 3 | €99,573 | €423,731 | +€324,158 | +325.5% |
| Stocks | 30/36 | €99,573 | €423,731 | +€324,158 | +325.5% |
| Cash at bank and in hand | 54/58 | €49,529 | €3,219 | -€46,310 | -93.5% |
| Total equity and liabilities | 10/49 | €151,375 | €428,465 | +€277,091 | +183.0% |
| Equity | 10/15 | €12,247 | €18,080 | +€5,832 | +47.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,747 | €15,580 | +€5,832 | +59.8% |
| Amounts payable | 17/49 | €139,127 | €410,385 | +€271,258 | +195.0% |
| Amounts payable after more than one year | 17 | €53,521 | €312,000 | +€258,479 | +482.9% |
| Financial debts | 170/4 | €53,521 | €312,000 | +€258,479 | +482.9% |
| Amounts payable within one year | 42/48 | €85,606 | €98,337 | +€12,731 | +14.9% |
| Trade debts | 44 | €3,873 | €1,958 | -€1,914 | -49.4% |
| Suppliers | 440/4 | €3,873 | €1,958 | -€1,914 | -49.4% |
| Taxes, remuneration and social security | 45 | €3,249 | €2,123 | -€1,126 | -34.7% |
| Taxes | 450/3 | €3,249 | €2,123 | -€1,126 | -34.7% |
| Other amounts payable | 47/48 | €78,484 | €94,255 | +€15,771 | +20.1% |
| Accrued charges and deferred income | 492/3 | - | €49 | +€49 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €757 | €757 | = | 0.0% |
| Other operating charges | 640/8 | €459 | €387 | -€72 | -15.6% |
| Gross operating margin | 9900 | €36,234 | €11,224 | -€25,009 | -69.0% |
| Operating profit (loss) | 9901 | €35,018 | €10,080 | -€24,938 | -71.2% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €19,204 | €2,129 | -€17,075 | -88.9% |
| Recurring financial charges | 65 | €19,204 | €2,129 | -€17,075 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | €15,813 | €7,955 | -€7,858 | -49.7% |
| Income taxes | 67/77 | €3,249 | €2,123 | -€1,126 | -34.7% |
| Profit (loss) for the period | 9904 | €12,564 | €5,832 | -€6,732 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,564 | €5,832 | -€6,732 | -53.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.