ACTIFINA: 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.
ACTIFINA
Largest movements
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year +€78,446
up €78,446 (+92.5%), from €84,823 to €163,268
of which Other amounts receivable: +€78,434
- Cash +€54,938
up €54,938 (+183.0%), from €30,014 to €84,952
mainly Current investments (+€125,000) and Receivables after one year (+€5,000)
- Receivables after one year -€5,000
down €5,000 (-50.0%), from €10,000 to €5,000
- Deferred charges and accrued income -€3,601
down €3,601 (-31.2%), from €11,553 to €7,952
- Profit (loss) carried forward -€3,028
down €3,028 (-30.8%), from -€9,819 to -€12,848
- Gross operating margin -€51,874
down €51,874 (-96.4%), from €53,816 to €1,942
- Financial charges -€11,606
down €11,606 (-51.0%), from €22,735 to €11,129
- Taxes -€2,283
down €2,283 (-92.7%), from €2,462 to €179
- Financial income +€1,203
up €1,203 (+19.9%), from €6,058 to €7,261
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 | €263,900 | €262,821 | -€1,079 | -0.4% |
| Fixed assets | 21/28 | €2,510 | €1,649 | -€861 | -34.3% |
| Tangible fixed assets | 22/27 | €2,510 | €1,649 | -€861 | -34.3% |
| Land and buildings | 22 | €2,473 | €1,649 | -€824 | -33.3% |
| Plant, machinery and equipment | 23 | €37 | - | -€37 | |
| Current assets | 29/58 | €261,390 | €261,172 | -€217 | -0.1% |
| Amounts receivable after more than one year | 29 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Other amounts receivable | 291 | €10,000 | €5,000 | -€5,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €84,823 | €163,268 | +€78,446 | +92.5% |
| Trade receivables | 40 | - | €12 | +€12 | |
| Other amounts receivable | 41 | €84,823 | €163,257 | +€78,434 | +92.5% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €30,014 | €84,952 | +€54,938 | +183.0% |
| Deferred charges and accrued income | 490/1 | €11,553 | €7,952 | -€3,601 | -31.2% |
| Total equity and liabilities | 10/49 | €263,900 | €262,821 | -€1,079 | -0.4% |
| Equity | 10/15 | €60,986 | €57,958 | -€3,028 | -5.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €8,805 | €8,805 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,605 | €2,605 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,819 | -€12,848 | -€3,028 | -30.8% |
| Amounts payable | 17/49 | €202,914 | €204,864 | +€1,950 | +1.0% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,564 | €4,604 | +€2,039 | +79.5% |
| Trade debts | 44 | €102 | - | -€102 | |
| Suppliers | 440/4 | €102 | - | -€102 | |
| Taxes, remuneration and social security | 45 | €2,462 | €4,604 | +€2,141 | +87.0% |
| Taxes | 450/3 | €2,462 | €4,604 | +€2,141 | +87.0% |
| Accrued charges and deferred income | 492/3 | €350 | €260 | -€90 | -25.6% |
| Non-recurring operating income | 76A | €97,837 | - | -€97,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,239 | €861 | -€377 | -30.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €53,816 | €1,942 | -€51,874 | -96.4% |
| Operating profit (loss) | 9901 | €52,516 | €1,019 | -€51,497 | -98.1% |
| Financial income | 75/76B | €6,058 | €7,261 | +€1,203 | +19.9% |
| Recurring financial income | 75 | €6,058 | €7,261 | +€1,203 | +19.9% |
| Financial charges | 65/66B | €22,735 | €11,129 | -€11,606 | -51.0% |
| Recurring financial charges | 65 | €22,735 | €11,129 | -€11,606 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €35,839 | -€2,849 | -€38,688 | |
| Income taxes | 67/77 | €2,462 | €179 | -€2,283 | -92.7% |
| Profit (loss) for the period | 9904 | €33,377 | -€3,028 | -€36,405 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,377 | -€3,028 | -€36,405 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.