ACTIEF: what changed
ACTIEF
Largest movements
- Cash -€56,967
down €56,967 (-65.5%), from €87,003 to €30,037
mainly Investment in fixed assets (net) (-€87,693) and Receivables within one year (-€50,373)
- Receivables within one year +€50,373
up €50,373 (+120%), from €41,951 to €92,324
of which Other amounts receivable: +€30,328
- Financial fixed assets +€49,843
up €49,843 (+2,694%), from €1,850 to €51,693
- Tangible fixed assets +€14,790
up €14,790 (+26.2%), from €56,380 to €71,170
of which Furniture and vehicles: +€12,615
- Stocks and contracts +€5,866
new in 2024: €5,866
- Reserves +€81,507
up €81,507 (+303%), from €26,860 to €108,367
of which Distributable reserves: +€81,507
- Provisions +€49,843
new in 2024: €49,843
- Profit (loss) carried forward -€40,219
down €40,219 (-87.0%), from €46,232 to €6,013
- Debts after one year -€21,184
down €21,184 (-37.8%), from €56,000 to €34,816
- Trade debts -€19,444
down €19,444 (-49.7%), from €39,123 to €19,679
- Turnover +€611,753
new in 2024: €611,753
- Purchases and services +€125,414
up €125,414 (+40.0%), from €313,734 to €439,148
- Gross operating margin +€48,164
up €48,164 (+38.7%), from €124,441 to €172,604
- Depreciation +€19,930
up €19,930 (+637%), from €3,130 to €23,060
- Staff costs +€13,012
up €13,012 (+17.3%), from €75,086 to €88,098
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,535 | €252,369 | +€62,834 | +33.2% |
| Fixed assets | 21/28 | €58,230 | €122,863 | +€64,633 | +111% |
| Tangible fixed assets | 22/27 | €56,380 | €71,170 | +€14,790 | +26.2% |
| Plant, machinery and equipment | 23 | €400 | €2,575 | +€2,175 | +544% |
| Furniture and vehicles | 24 | €55,980 | €68,595 | +€12,615 | +22.5% |
| Financial fixed assets | 28 | €1,850 | €51,693 | +€49,843 | +2,694% |
| Current assets | 29/58 | €131,305 | €129,506 | -€1,799 | -1.4% |
| Stocks and contracts in progress | 3 | - | €5,866 | +€5,866 | |
| Contracts in progress | 37 | - | €5,866 | +€5,866 | |
| Amounts receivable within one year | 40/41 | €41,951 | €92,324 | +€50,373 | +120% |
| Trade receivables | 40 | €10,145 | €30,190 | +€20,045 | +198% |
| Other amounts receivable | 41 | €31,806 | €62,134 | +€30,328 | +95.4% |
| Cash at bank and in hand | 54/58 | €87,003 | €30,037 | -€56,967 | -65.5% |
| Deferred charges and accrued income | 490/1 | €2,351 | €1,279 | -€1,071 | -45.6% |
| Total equity and liabilities | 10/49 | €189,535 | €252,369 | +€62,834 | +33.2% |
| Equity | 10/15 | €79,292 | €120,580 | +€41,287 | +52.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,860 | €108,367 | +€81,507 | +303% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €106,507 | +€81,507 | +326% |
| Profit (loss) carried forward | 14 | €46,232 | €6,013 | -€40,219 | -87.0% |
| Provisions and deferred taxes | 16 | - | €49,843 | +€49,843 | |
| Provisions for liabilities and charges | 160/5 | - | €49,843 | +€49,843 | |
| Other liabilities and charges | 164/5 | - | €49,843 | +€49,843 | |
| Amounts payable | 17/49 | €110,242 | €81,946 | -€28,296 | -25.7% |
| Amounts payable after more than one year | 17 | €56,000 | €34,816 | -€21,184 | -37.8% |
| Financial debts | 170/4 | €56,000 | €34,816 | -€21,184 | -37.8% |
| Amounts payable within one year | 42/48 | €54,203 | €46,151 | -€8,052 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | - | €11,453 | +€11,453 | |
| Trade debts | 44 | €39,123 | €19,679 | -€19,444 | -49.7% |
| Suppliers | 440/4 | €39,123 | €19,679 | -€19,444 | -49.7% |
| Advances received on contracts in progress | 46 | - | €2,242 | +€2,242 | |
| Taxes, remuneration and social security | 45 | €15,079 | €12,776 | -€2,303 | -15.3% |
| Taxes | 450/3 | €3,103 | €550 | -€2,553 | -82.3% |
| Remuneration and social security | 454/9 | €11,976 | €12,226 | +€250 | +2.1% |
| Accrued charges and deferred income | 492/3 | €40 | €980 | +€940 | +2,362% |
| Turnover | 70 | - | €611,753 | +€611,753 | |
| Goods, raw materials, services and sundry goods | 60/61 | €313,734 | €439,148 | +€125,414 | +40.0% |
| Remuneration, social security and pensions | 62 | €75,086 | €88,098 | +€13,012 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,130 | €23,060 | +€19,930 | +637% |
| Other operating charges | 640/8 | €3,841 | €5,818 | +€1,977 | +51.5% |
| Gross operating margin | 9900 | €124,441 | €172,604 | +€48,164 | +38.7% |
| Operating profit (loss) | 9901 | €42,383 | €55,628 | +€13,245 | +31.3% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.8% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.8% |
| Financial charges | 65/66B | €599 | €3,937 | +€3,337 | +557% |
| Recurring financial charges | 65 | €599 | €3,937 | +€3,337 | +557% |
| Profit (loss) for the period before taxes | 9903 | €41,826 | €51,691 | +€9,866 | +23.6% |
| Income taxes | 67/77 | €5,981 | €14,184 | +€8,204 | +137% |
| Profit (loss) for the period | 9904 | €35,845 | €37,507 | +€1,662 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,845 | €37,507 | +€1,662 | +4.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.