ACTIBEST: 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.
ACTIBEST
Largest movements
- Current investments +€48,469
up €48,469 (+15.4%), from €314,313 to €362,782
- Cash +€48,145
up €48,145 (+42.9%), from €112,353 to €160,498
mainly Net result for the year (+€64,242) and Depreciation (+€42,762)
- Tangible fixed assets -€42,762
down €42,762 (-3.1%), from €1.4m to €1.3m
- Reserves +€64,242
up €64,242 (+5.4%), from €1.2m to €1.3m
of which Distributable reserves: +€70,823
- Depreciation -€27,113
down €27,113 (-38.8%), from €69,875 to €42,762
- Financial charges +€14,292
up €14,292 (+204%), from €7,003 to €21,295
- Gross operating margin +€5,403
up €5,403 (+3.4%), from €158,220 to €163,624
- Taxes +€3,155
up €3,155 (+15.0%), from €21,024 to €24,179
- Financial income -€2,458
down €2,458 (-56.6%), from €4,343 to €1,885
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 | €1,889,933 | €1,949,541 | +€59,607 | +3.2% |
| Fixed assets | 21/28 | €1,390,261 | €1,347,498 | -€42,762 | -3.1% |
| Tangible fixed assets | 22/27 | €1,390,261 | €1,347,498 | -€42,762 | -3.1% |
| Land and buildings | 22 | €1,390,261 | €1,347,498 | -€42,762 | -3.1% |
| Current assets | 29/58 | €499,673 | €602,042 | +€102,370 | +20.5% |
| Amounts receivable within one year | 40/41 | €65,044 | €73,289 | +€8,245 | +12.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €65,044 | €73,289 | +€8,245 | +12.7% |
| Current investments | 50/53 | €314,313 | €362,782 | +€48,469 | +15.4% |
| Cash at bank and in hand | 54/58 | €112,353 | €160,498 | +€48,145 | +42.9% |
| Deferred charges and accrued income | 490/1 | €7,963 | €5,473 | -€2,490 | -31.3% |
| Total equity and liabilities | 10/49 | €1,889,933 | €1,949,541 | +€59,607 | +3.2% |
| Equity | 10/15 | €1,205,556 | €1,269,798 | +€64,242 | +5.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,187,006 | €1,251,248 | +€64,242 | +5.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €66,937 | €60,356 | -€6,581 | -9.8% |
| Distributable reserves | 133 | €1,120,069 | €1,190,892 | +€70,823 | +6.3% |
| Provisions and deferred taxes | 16 | €9,068 | €6,875 | -€2,194 | -24.2% |
| Deferred taxes | 168 | €9,068 | €6,875 | -€2,194 | -24.2% |
| Amounts payable | 17/49 | €675,309 | €672,868 | -€2,441 | -0.4% |
| Amounts payable within one year | 42/48 | €668,306 | €659,723 | -€8,583 | -1.3% |
| Trade debts | 44 | €2,294 | €1,363 | -€931 | -40.6% |
| Suppliers | 440/4 | €2,294 | €1,363 | -€931 | -40.6% |
| Taxes, remuneration and social security | 45 | €6,024 | €3,849 | -€2,175 | -36.1% |
| Taxes | 450/3 | €6,024 | €3,849 | -€2,175 | -36.1% |
| Other amounts payable | 47/48 | €659,988 | €654,511 | -€5,477 | -0.8% |
| Accrued charges and deferred income | 492/3 | €7,003 | €13,145 | +€6,142 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,875 | €42,762 | -€27,113 | -38.8% |
| Other operating charges | 640/8 | €14,458 | €15,224 | +€766 | +5.3% |
| Gross operating margin | 9900 | €158,220 | €163,624 | +€5,403 | +3.4% |
| Operating profit (loss) | 9901 | €73,887 | €105,638 | +€31,751 | +43.0% |
| Financial income | 75/76B | €4,343 | €1,885 | -€2,458 | -56.6% |
| Recurring financial income | 75 | €4,343 | €1,885 | -€2,458 | -56.6% |
| Financial charges | 65/66B | €7,003 | €21,295 | +€14,292 | +204% |
| Recurring financial charges | 65 | €7,003 | €21,295 | +€14,292 | +204% |
| Profit (loss) for the period before taxes | 9903 | €71,226 | €86,228 | +€15,001 | +21.1% |
| Transfer from deferred taxes | 780 | €3,217 | €2,194 | -€1,023 | -31.8% |
| Income taxes | 67/77 | €21,024 | €24,179 | +€3,155 | +15.0% |
| Profit (loss) for the period | 9904 | €53,420 | €64,242 | +€10,822 | +20.3% |
| Transfer from tax-exempt reserves | 789 | €9,651 | €6,581 | -€3,070 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,071 | €70,823 | +€7,752 | +12.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.