ACTE 4: 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 4
Largest movements
- Tangible fixed assets -€7,961
down €7,961 (-20.5%), from €38,927 to €30,966
- Receivables within one year +€2,247
up €2,247 (+191.8%), from €1,171 to €3,418
of which Trade receivables: +€2,239
- Cash +€1,959
up €1,959 (+118.6%), from €1,651 to €3,610
mainly Depreciation (+€10,316) and Trade debts (+€3,305)
- Debts after one year -€9,037
down €9,037 (-59.2%), from €15,265 to €6,228
- Trade debts +€3,305
up €3,305 (+436.6%), from €757 to €4,061
- Profit (loss) carried forward +€2,442
up €2,442 (+71.1%), from -€3,434 to -€992
- Gross operating margin +€5,360
up €5,360 (+57.1%), from €9,380 to €14,740
- Financial charges -€355
down €355 (-26.7%), from €1,332 to €977
- Taxes +€353
up €353 (+212.2%), from €166 to €519
- Other operating charges -€184
down €184 (-27.5%), from €670 to €486
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 | €42,873 | €39,419 | -€3,454 | -8.1% |
| Fixed assets | 21/28 | €38,927 | €30,966 | -€7,961 | -20.5% |
| Tangible fixed assets | 22/27 | €38,927 | €30,966 | -€7,961 | -20.5% |
| Furniture and vehicles | 24 | €38,927 | €30,966 | -€7,961 | -20.5% |
| Current assets | 29/58 | €3,945 | €8,452 | +€4,507 | +114.2% |
| Amounts receivable within one year | 40/41 | €1,171 | €3,418 | +€2,247 | +191.8% |
| Trade receivables | 40 | €1,171 | €3,410 | +€2,239 | +191.2% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €1,651 | €3,610 | +€1,959 | +118.6% |
| Deferred charges and accrued income | 490/1 | €1,123 | €1,425 | +€301 | +26.8% |
| Total equity and liabilities | 10/49 | €42,873 | €39,419 | -€3,454 | -8.1% |
| Equity | 10/15 | €10,457 | €12,900 | +€2,442 | +23.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,491 | €1,491 | = | 0.0% |
| Distributable reserves | 133 | €1,491 | €1,491 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,434 | -€992 | +€2,442 | +71.1% |
| Amounts payable | 17/49 | €32,415 | €26,519 | -€5,896 | -18.2% |
| Amounts payable after more than one year | 17 | €15,265 | €6,228 | -€9,037 | -59.2% |
| Financial debts | 170/4 | €15,265 | €6,228 | -€9,037 | -59.2% |
| Amounts payable within one year | 42/48 | €17,150 | €20,291 | +€3,141 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €8,683 | €9,037 | +€354 | +4.1% |
| Trade debts | 44 | €757 | €4,061 | +€3,305 | +436.6% |
| Suppliers | 440/4 | €757 | €4,061 | +€3,305 | +436.6% |
| Taxes, remuneration and social security | 45 | €987 | €570 | -€416 | -42.2% |
| Taxes | 450/3 | €987 | €570 | -€416 | -42.2% |
| Other amounts payable | 47/48 | €6,723 | €6,622 | -€101 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,216 | €10,316 | +€100 | +1.0% |
| Other operating charges | 640/8 | €670 | €486 | -€184 | -27.5% |
| Gross operating margin | 9900 | €9,380 | €14,740 | +€5,360 | +57.1% |
| Operating profit (loss) | 9901 | -€1,505 | €3,938 | +€5,444 | |
| Financial charges | 65/66B | €1,332 | €977 | -€355 | -26.7% |
| Recurring financial charges | 65 | €1,332 | €977 | -€355 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,837 | €2,962 | +€5,799 | |
| Income taxes | 67/77 | €166 | €519 | +€353 | +212.2% |
| Profit (loss) for the period | 9904 | -€3,004 | €2,442 | +€5,446 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,004 | €2,442 | +€5,446 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.