ACTEUS: 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.
ACTEUS
Largest movements
- Cash -€28,472
down €28,472 (-90.7%), from €31,376 to €2,904
mainly Investment in fixed assets (net) (-€26,928) and Trade debts (-€4,796)
- Tangible fixed assets +€24,172
up €24,172 (+14.1%), from €171,591 to €195,762
of which Assets under construction and advance payments: +€26,928
- Receivables within one year +€3,396
up €3,396 (+23.8%), from €14,239 to €17,635
of which Other amounts receivable: +€4,294
- Other debts +€6,428
up €6,428 (+107.8%), from €5,964 to €12,392
- Trade debts -€4,796
down €4,796 (-100.0%), from €4,796 to €0
- Debts after one year -€4,193
down €4,193 (-4.5%), from €93,774 to €89,581
- Reserves +€2,442
up €2,442 (+7.2%), from €33,917 to €36,360
- Gross operating margin -€2,529
down €2,529 (-17.7%), from €14,317 to €11,787
- Taxes -€411
down €411 (-30.2%), from €1,362 to €950
- Other operating charges -€395
down €395 (-19.5%), from €2,027 to €1,632
- Financial charges -€327
down €327 (-7.6%), from €4,334 to €4,006
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 | €218,709 | €217,771 | -€938 | -0.4% |
| Fixed assets | 21/28 | €171,591 | €195,762 | +€24,172 | +14.1% |
| Tangible fixed assets | 22/27 | €171,591 | €195,762 | +€24,172 | +14.1% |
| Land and buildings | 22 | €100,182 | €97,426 | -€2,756 | -2.8% |
| Assets under construction and advance payments | 27 | €71,409 | €98,337 | +€26,928 | +37.7% |
| Current assets | 29/58 | €47,119 | €22,009 | -€25,110 | -53.3% |
| Amounts receivable within one year | 40/41 | €14,239 | €17,635 | +€3,396 | +23.8% |
| Trade receivables | 40 | €10,680 | €9,782 | -€898 | -8.4% |
| Other amounts receivable | 41 | €3,559 | €7,853 | +€4,294 | +120.6% |
| Cash at bank and in hand | 54/58 | €31,376 | €2,904 | -€28,472 | -90.7% |
| Deferred charges and accrued income | 490/1 | €1,503 | €1,470 | -€33 | -2.2% |
| Total equity and liabilities | 10/49 | €218,709 | €217,771 | -€938 | -0.4% |
| Equity | 10/15 | €106,682 | €109,125 | +€2,442 | +2.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €33,917 | €36,360 | +€2,442 | +7.2% |
| Distributable reserves | 133 | €33,917 | €36,360 | +€2,442 | +7.2% |
| Profit (loss) carried forward | 14 | €10,265 | €10,265 | = | 0.0% |
| Amounts payable | 17/49 | €112,027 | €108,647 | -€3,380 | -3.0% |
| Amounts payable after more than one year | 17 | €93,774 | €89,581 | -€4,193 | -4.5% |
| Financial debts | 170/4 | €93,774 | €89,581 | -€4,193 | -4.5% |
| Amounts payable within one year | 42/48 | €17,944 | €18,770 | +€825 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €4,373 | €4,536 | +€162 | +3.7% |
| Trade debts | 44 | €4,796 | €0 | -€4,796 | -100.0% |
| Suppliers | 440/4 | €4,796 | €0 | -€4,796 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,811 | €1,842 | -€969 | -34.5% |
| Taxes | 450/3 | €2,437 | €1,842 | -€595 | -24.4% |
| Remuneration and social security | 454/9 | €374 | €0 | -€374 | -100.0% |
| Other amounts payable | 47/48 | €5,964 | €12,392 | +€6,428 | +107.8% |
| Accrued charges and deferred income | 492/3 | €308 | €296 | -€13 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,756 | €2,756 | = | 0.0% |
| Other operating charges | 640/8 | €2,027 | €1,632 | -€395 | -19.5% |
| Gross operating margin | 9900 | €14,317 | €11,787 | -€2,529 | -17.7% |
| Operating profit (loss) | 9901 | €9,533 | €7,399 | -€2,134 | -22.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,334 | €4,006 | -€327 | -7.6% |
| Recurring financial charges | 65 | €4,334 | €4,006 | -€327 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €5,200 | €3,393 | -€1,807 | -34.8% |
| Income taxes | 67/77 | €1,362 | €950 | -€411 | -30.2% |
| Profit (loss) for the period | 9904 | €3,838 | €2,442 | -€1,396 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,838 | €2,442 | -€1,396 | -36.4% |
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 6 October 2026 via checked.be.