ACTIBUILD: 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.
ACTIBUILD
Largest movements
- Current investments +€252,813
up €252,813 (+143.6%), from €176,113 to €428,926
- Cash -€186,959
down €186,959 (-39.5%), from €473,187 to €286,228
mainly Current investments (-€252,813) and Contributions, distributions and other (-€159,716)
- Receivables within one year -€10,210
down €10,210 (-53.2%), from €19,186 to €8,976
of which Trade receivables: -€15,493
- Other debts +€83,396
up €83,396 (+100.3%), from €83,155 to €166,551
- Reserves -€69,527
down €69,527 (-16.2%), from €430,145 to €360,618
- Advances received +€24,479
new in 2025: €24,479
- Trade debts +€18,114
up €18,114 (+106.0%), from €17,086 to €35,200
- Gross operating margin -€17,410
down €17,410 (-9.6%), from €181,249 to €163,839
- Financial income +€14,240
up €14,240 (+642.0%), from €2,218 to €16,458
- Staff costs -€2,684
down €2,684 (-6.3%), from €42,645 to €39,961
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 | €784,367 | €841,969 | +€57,602 | +7.3% |
| Fixed assets | 21/28 | €74,333 | €82,478 | +€8,145 | +11.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €72,539 | €80,684 | +€8,145 | +11.2% |
| Land and buildings | 22 | €68,310 | €68,310 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,362 | €1,524 | -€838 | -35.5% |
| Furniture and vehicles | 24 | €1,867 | €10,850 | +€8,983 | +481.2% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,794 | €1,794 | = | 0.0% |
| Current assets | 29/58 | €710,034 | €759,491 | +€49,458 | +7.0% |
| Stocks and contracts in progress | 3 | €22,908 | €22,219 | -€689 | -3.0% |
| Stocks | 30/36 | €22,908 | €22,219 | -€689 | -3.0% |
| Amounts receivable within one year | 40/41 | €19,186 | €8,976 | -€10,210 | -53.2% |
| Trade receivables | 40 | €18,807 | €3,314 | -€15,493 | -82.4% |
| Other amounts receivable | 41 | €379 | €5,662 | +€5,283 | +1395.6% |
| Current investments | 50/53 | €176,113 | €428,926 | +€252,813 | +143.6% |
| Cash at bank and in hand | 54/58 | €473,187 | €286,228 | -€186,959 | -39.5% |
| Deferred charges and accrued income | 490/1 | €18,639 | €13,141 | -€5,498 | -29.5% |
| Total equity and liabilities | 10/49 | €784,367 | €841,969 | +€57,602 | +7.3% |
| Equity | 10/15 | €587,107 | €517,580 | -€69,527 | -11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,145 | €360,618 | -€69,527 | -16.2% |
| Distributable reserves | 133 | €430,145 | €360,618 | -€69,527 | -16.2% |
| Profit (loss) carried forward | 14 | €138,362 | €138,362 | = | 0.0% |
| Amounts payable | 17/49 | €197,260 | €324,389 | +€127,129 | +64.4% |
| Amounts payable within one year | 42/48 | €112,234 | €237,484 | +€125,250 | +111.6% |
| Trade debts | 44 | €17,086 | €35,200 | +€18,114 | +106.0% |
| Suppliers | 440/4 | €17,086 | €35,200 | +€18,114 | +106.0% |
| Advances received on contracts in progress | 46 | - | €24,479 | +€24,479 | |
| Taxes, remuneration and social security | 45 | €11,993 | €11,254 | -€739 | -6.2% |
| Taxes | 450/3 | €1,523 | €1 | -€1,522 | -99.9% |
| Remuneration and social security | 454/9 | €10,470 | €11,253 | +€783 | +7.5% |
| Other amounts payable | 47/48 | €83,155 | €166,551 | +€83,396 | +100.3% |
| Accrued charges and deferred income | 492/3 | €85,026 | €86,905 | +€1,879 | +2.2% |
| Non-recurring operating income | 76A | €11,571 | - | -€11,571 | |
| Remuneration, social security and pensions | 62 | €42,645 | €39,961 | -€2,684 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,745 | €3,710 | +€965 | +35.2% |
| Other operating charges | 640/8 | €5,501 | €5,972 | +€471 | +8.6% |
| Gross operating margin | 9900 | €181,249 | €163,839 | -€17,410 | -9.6% |
| Operating profit (loss) | 9901 | €130,360 | €114,197 | -€16,163 | -12.4% |
| Financial income | 75/76B | €2,218 | €16,458 | +€14,240 | +642.0% |
| Recurring financial income | 75 | €2,218 | €16,458 | +€14,240 | +642.0% |
| Financial charges | 65/66B | €908 | €2,472 | +€1,564 | +172.3% |
| Recurring financial charges | 65 | €908 | €2,472 | +€1,564 | +172.3% |
| Profit (loss) for the period before taxes | 9903 | €131,670 | €128,183 | -€3,487 | -2.6% |
| Income taxes | 67/77 | €36,245 | €37,993 | +€1,748 | +4.8% |
| Profit (loss) for the period | 9904 | €95,424 | €90,189 | -€5,235 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,424 | €90,189 | -€5,235 | -5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.