ACTIEF: 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.
What changed
ACTIEF
NACE 46.832, Wholesale of timber
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.7m-€272,678
Equity
€32.7m
2024 · €31.2m+€1.5m
Cash
€1.1m
2024 · €4,999+€1.1m
Balance sheet total
€62.4m
2024 · €58.4m+€4.0m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+10.6%), from €27.1m to €30.0m
of which Trade receivables: +€1.5m
- Cash +€1.1m
up €1.1m (+21377.4%), from €4,999 to €1.1m
mainly Net result for the year (+€1.5m) and Trade debts (+€1.1m)
Equity and liabilities
- Profit (loss) carried forward +€1.5m
up €1.5m (+5.2%), from €28.2m to €29.7m
- Trade debts +€1.1m
up €1.1m (+51.0%), from €2.2m to €3.3m
- Debts after one year +€761,390
up €761,390 (+4.1%), from €18.6m to €19.4m
- Tax, wage and social debts +€758,565
up €758,565 (+13.4%), from €5.7m to €6.4m
of which Remuneration and social security: +€666,498
Income statement
- Staff costs +€3.5m
up €3.5m (+8.3%), from €42.8m to €46.3m
- Turnover +€3.0m
up €3.0m (+5.9%), from €51.4m to €54.4m
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.
Result 2024
€1.7m
Turnover
+€3.0m
Other operating income
+€12,007
Services and other goods
-€108,844
Staff costs
-€3.5m
Depreciation
-€12,664
Other operating charges
+€449,099
Financial income
-€471,270
Financial charges
+€144,520
Taxes
+€227,660
Result 2025
€1.5m
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.
From operations
+€307,416
Investment
-€149
Financing
+€761,390
Cash 2024
€4,999
From operations (derived)
+€307,416
Net result for the year
+€1.5m
Depreciation
+€39,206
Receivables within one year
-€2.9m
Deferred charges and accrued income
-€78,079
Trade debts
+€1.1m
Tax, wage and social debts
+€758,565
Accrued charges and deferred income
-€121,955
Investment (derived)
-€149
Investment in fixed assets (net)
-€149
Financing
+€761,390
Debts after one year
+€761,390
Cash 2025
€1.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,404,231 | €62,387,480 | +€4.0m | +6.8% |
| Fixed assets | 21/28 | €165,168 | €126,111 | -€39,057 | -23.6% |
| Intangible fixed assets | 21 | €165,168 | €126,111 | -€39,057 | -23.6% |
| Current assets | 29/58 | €58,239,063 | €62,261,369 | +€4.0m | +6.9% |
| Amounts receivable after more than one year | 29 | €31,137,000 | €31,137,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,137,000 | €31,137,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,097,064 | €29,972,634 | +€2.9m | +10.6% |
| Trade receivables | 40 | €2,254,884 | €3,733,024 | +€1.5m | +65.6% |
| Other amounts receivable | 41 | €24,842,181 | €26,239,609 | +€1.4m | +5.6% |
| Cash at bank and in hand | 54/58 | €4,999 | €1,073,656 | +€1.1m | +21377.4% |
| Deferred charges and accrued income | 490/1 | - | €78,079 | +€78,079 | |
| Total equity and liabilities | 10/49 | €58,404,231 | €62,387,480 | +€4.0m | +6.8% |
| Equity | 10/15 | €31,228,609 | €32,694,565 | +€1.5m | +4.7% |
| Contributions | 10/11 | €2,746,426 | €2,746,426 | = | 0.0% |
| Capital | 10 | €2,746,426 | €2,746,426 | = | 0.0% |
| Issued capital | 100 | €2,746,426 | €2,746,426 | = | 0.0% |
| Reserves | 13 | €274,643 | €274,643 | = | 0.0% |
| Non-distributable reserves | 130/1 | €274,643 | €274,643 | = | 0.0% |
| Legal reserve | 130 | €274,643 | €274,643 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,207,541 | €29,673,496 | +€1.5m | +5.2% |
| Amounts payable | 17/49 | €27,175,622 | €29,692,915 | +€2.5m | +9.3% |
| Amounts payable after more than one year | 17 | €18,626,695 | €19,388,085 | +€761,390 | +4.1% |
| Financial debts | 170/4 | €18,626,695 | €19,388,085 | +€761,390 | +4.1% |
| Other loans | 174 | €18,626,695 | €19,388,085 | +€761,390 | +4.1% |
| Amounts payable within one year | 42/48 | €7,872,752 | €9,750,610 | +€1.9m | +23.9% |
| Trade debts | 44 | €2,196,722 | €3,316,016 | +€1.1m | +51.0% |
| Suppliers | 440/4 | €2,196,722 | €3,316,016 | +€1.1m | +51.0% |
| Taxes, remuneration and social security | 45 | €5,676,030 | €6,434,594 | +€758,565 | +13.4% |
| Taxes | 450/3 | €101,804 | €193,870 | +€92,066 | +90.4% |
| Remuneration and social security | 454/9 | €5,574,226 | €6,240,725 | +€666,498 | +12.0% |
| Accrued charges and deferred income | 492/3 | €676,176 | €554,220 | -€121,955 | -18.0% |
| Operating income | 70/76A | €51,636,954 | €54,674,503 | +€3.0m | +5.9% |
| Turnover | 70 | €51,399,398 | €54,424,940 | +€3.0m | +5.9% |
| Other operating income | 74 | €237,556 | €249,563 | +€12,007 | +5.1% |
| Operating charges | 60/66A | €51,600,751 | €54,811,888 | +€3.2m | +6.2% |
| Services and other goods | 61 | €8,215,172 | €8,324,015 | +€108,844 | +1.3% |
| Remuneration, social security and pensions | 62 | €42,777,352 | €46,316,079 | +€3.5m | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,541 | €39,206 | +€12,664 | +47.7% |
| Other operating charges | 640/8 | €581,686 | €132,588 | -€449,099 | -77.2% |
| Operating profit (loss) | 9901 | €36,203 | -€137,385 | -€173,588 | |
| Financial income | 75/76B | €3,694,443 | €3,223,173 | -€471,270 | -12.8% |
| Recurring financial income | 75 | €3,694,443 | €3,223,173 | -€471,270 | -12.8% |
| Income from current assets | 751 | €3,685,829 | €3,216,120 | -€469,709 | -12.7% |
| Other financial income | 752/9 | €8,614 | €7,052 | -€1,561 | -18.1% |
| Financial charges | 65/66B | €1,274,480 | €1,129,960 | -€144,520 | -11.3% |
| Recurring financial charges | 65 | €1,274,480 | €1,129,960 | -€144,520 | -11.3% |
| Debt charges | 650 | €1,274,232 | €1,129,877 | -€144,356 | -11.3% |
| Other financial charges | 652/9 | €247 | €83 | -€164 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €2,456,167 | €1,955,828 | -€500,338 | -20.4% |
| Income taxes | 67/77 | €717,533 | €489,873 | -€227,660 | -31.7% |
| Taxes | 670/3 | €717,999 | €489,873 | -€228,126 | -31.8% |
| Tax adjustments and reversals of tax provisions | 77 | €466 | - | -€466 | |
| Profit (loss) for the period | 9904 | €1,738,634 | €1,465,955 | -€272,678 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,738,634 | €1,465,955 | -€272,678 | -15.7% |
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.