ACTIF-SYSTEME: 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.
ACTIF-SYSTEME
Largest movements
- Cash -€46,064
down €46,064 (-18.5%), from €249,421 to €203,357
mainly Net result for the year (-€45,455) and Investment in fixed assets (net) (-€22,018)
- Receivables within one year -€24,614
down €24,614 (-34.8%), from €70,629 to €46,015
of which Trade receivables: -€30,223
- Profit (loss) carried forward -€45,455
down €45,455 (-16.6%), from €273,618 to €228,163
- Other debts -€21,914
down €21,914 (-88.7%), from €24,716 to €2,802
- Current portion of long-term debt -€9,808
down €9,808 (-32.9%), from €29,846 to €20,038
- Tax, wage and social debts +€4,380
up €4,380 (+15.1%), from €29,000 to €33,380
- Trade debts +€3,954
up €3,954 (+53.8%), from €7,357 to €11,311
- Gross operating margin -€157,381
down €157,381, from €134,952 to -€22,429
- Purchases and services -€105,274
down €105,274 (-70.0%), from €150,335 to €45,061
- Taxes -€27,112
down €27,112 (-91.9%), from €29,493 to €2,380
- Other operating charges -€3,586
down €3,586 (-99.4%), from €3,609 to €22
- Depreciation -€1,661
down €1,661 (-7.6%), from €21,844 to €20,183
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 | €384,996 | €316,153 | -€68,843 | -17.9% |
| Fixed assets | 21/28 | €64,947 | €66,782 | +€1,835 | +2.8% |
| Tangible fixed assets | 22/27 | €64,902 | €66,737 | +€1,835 | +2.8% |
| Furniture and vehicles | 24 | €64,902 | €66,737 | +€1,835 | +2.8% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €320,050 | €249,372 | -€70,678 | -22.1% |
| Amounts receivable within one year | 40/41 | €70,629 | €46,015 | -€24,614 | -34.8% |
| Trade receivables | 40 | €38,005 | €7,783 | -€30,223 | -79.5% |
| Other amounts receivable | 41 | €32,624 | €38,232 | +€5,609 | +17.2% |
| Cash at bank and in hand | 54/58 | €249,421 | €203,357 | -€46,064 | -18.5% |
| Total equity and liabilities | 10/49 | €384,996 | €316,153 | -€68,843 | -17.9% |
| Equity | 10/15 | €294,078 | €248,623 | -€45,455 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,618 | €228,163 | -€45,455 | -16.6% |
| Amounts payable | 17/49 | €90,918 | €67,531 | -€23,388 | -25.7% |
| Amounts payable within one year | 42/48 | €90,918 | €67,531 | -€23,388 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €29,846 | €20,038 | -€9,808 | -32.9% |
| Trade debts | 44 | €7,357 | €11,311 | +€3,954 | +53.8% |
| Suppliers | 440/4 | €7,357 | €11,311 | +€3,954 | +53.8% |
| Taxes, remuneration and social security | 45 | €29,000 | €33,380 | +€4,380 | +15.1% |
| Taxes | 450/3 | €29,000 | €33,380 | +€4,380 | +15.1% |
| Other amounts payable | 47/48 | €24,716 | €2,802 | -€21,914 | -88.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €150,335 | €45,061 | -€105,274 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,844 | €20,183 | -€1,661 | -7.6% |
| Other operating charges | 640/8 | €3,609 | €22 | -€3,586 | -99.4% |
| Gross operating margin | 9900 | €134,952 | -€22,429 | -€157,381 | |
| Operating profit (loss) | 9901 | €109,500 | -€42,634 | -€152,134 | |
| Financial income | 75/76B | €218 | €947 | +€729 | +334.3% |
| Recurring financial income | 75 | €218 | €947 | +€729 | +334.3% |
| Financial charges | 65/66B | €1,624 | €1,388 | -€236 | -14.5% |
| Recurring financial charges | 65 | €1,624 | €1,265 | -€359 | -22.1% |
| Non-recurring financial charges | 66B | - | €123 | +€123 | |
| Profit (loss) for the period before taxes | 9903 | €108,094 | -€43,075 | -€151,169 | |
| Income taxes | 67/77 | €29,493 | €2,380 | -€27,112 | -91.9% |
| Profit (loss) for the period | 9904 | €78,602 | -€45,455 | -€124,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,602 | -€45,455 | -€124,057 |
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 8 October 2026 via checked.be.