ACTIM: 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.
ACTIM
Largest movements
- Financial fixed assets +€50,000
up €50,000 (+71.4%), from €70,000 to €120,000
- Tangible fixed assets -€46,854
down €46,854 (-9.7%), from €481,232 to €434,379
- Receivables within one year -€22,288
down €22,288 (-75.9%), from €29,356 to €7,068
of which Trade receivables: -€21,887
- Cash +€14,191
up €14,191 (+627%), from €2,265 to €16,456
mainly Other debts (+€170,000) and Depreciation (+€46,854)
- Deferred charges and accrued income -€12,254
down €12,254 (-100%), from €12,254 to €0
- Other debts +€170,000
up €170,000 (+1,417%), from €12,000 to €182,000
- Reserves -€138,000
down €138,000 (-42.3%), from €326,200 to €188,200
of which Distributable reserves: -€138,000
- Debts after one year -€50,000
down €50,000 (-36.4%), from €137,500 to €87,500
- Depreciation -€3,689
down €3,689 (-7.3%), from €50,543 to €46,854
- Turnover +€3,469
up €3,469 (+3.2%), from €109,387 to €112,856
- Taxes +€1,803
up €1,803 (+22.2%), from €8,130 to €9,933
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.
Derived cash bridge
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 | €595,107 | €577,902 | -€17,205 | -2.9% |
| Fixed assets | 21/28 | €551,232 | €554,379 | +€3,146 | +0.6% |
| Tangible fixed assets | 22/27 | €481,232 | €434,379 | -€46,854 | -9.7% |
| Land and buildings | 22 | €481,232 | €434,379 | -€46,854 | -9.7% |
| Financial fixed assets | 28 | €70,000 | €120,000 | +€50,000 | +71.4% |
| Affiliated companies | 280/1 | €70,000 | €120,000 | +€50,000 | +71.4% |
| Amounts receivable | 281 | €70,000 | €120,000 | +€50,000 | +71.4% |
| Current assets | 29/58 | €43,875 | €23,523 | -€20,351 | -46.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €29,356 | €7,068 | -€22,288 | -75.9% |
| Trade receivables | 40 | €22,085 | €197 | -€21,887 | -99.1% |
| Other amounts receivable | 41 | €7,271 | €6,870 | -€401 | -5.5% |
| Cash at bank and in hand | 54/58 | €2,265 | €16,456 | +€14,191 | +627% |
| Deferred charges and accrued income | 490/1 | €12,254 | €0 | -€12,254 | -100% |
| Total equity and liabilities | 10/49 | €595,107 | €577,902 | -€17,205 | -2.9% |
| Equity | 10/15 | €391,344 | €251,142 | -€140,202 | -35.8% |
| 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 | €326,200 | €188,200 | -€138,000 | -42.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €320,000 | €182,000 | -€138,000 | -43.1% |
| Profit (loss) carried forward | 14 | €3,144 | €942 | -€2,202 | -70.0% |
| Amounts payable | 17/49 | €203,763 | €326,760 | +€122,997 | +60.4% |
| Amounts payable after more than one year | 17 | €137,500 | €87,500 | -€50,000 | -36.4% |
| Financial debts | 170/4 | €137,500 | €87,500 | -€50,000 | -36.4% |
| Credit institutions | 173 | €137,500 | €87,500 | -€50,000 | -36.4% |
| Amounts payable within one year | 42/48 | €66,219 | €239,216 | +€172,997 | +261% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €670 | €850 | +€180 | +26.8% |
| Suppliers | 440/4 | €670 | €850 | +€180 | +26.8% |
| Taxes, remuneration and social security | 45 | €3,549 | €6,367 | +€2,818 | +79.4% |
| Taxes | 450/3 | €3,549 | €6,367 | +€2,818 | +79.4% |
| Other amounts payable | 47/48 | €12,000 | €182,000 | +€170,000 | +1,417% |
| Accrued charges and deferred income | 492/3 | €43 | €43 | = | 0.0% |
| Operating income | 70/76A | €109,387 | €112,856 | +€3,469 | +3.2% |
| Turnover | 70 | €109,387 | €112,856 | +€3,469 | +3.2% |
| Operating charges | 60/66A | €73,520 | €70,312 | -€3,207 | -4.4% |
| Services and other goods | 61 | €5,714 | €5,655 | -€60 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,543 | €46,854 | -€3,689 | -7.3% |
| Other operating charges | 640/8 | €17,263 | €17,804 | +€541 | +3.1% |
| Operating profit (loss) | 9901 | €35,867 | €42,544 | +€6,676 | +18.6% |
| Financial charges | 65/66B | €3,349 | €2,813 | -€535 | -16.0% |
| Recurring financial charges | 65 | €3,349 | €2,813 | -€535 | -16.0% |
| Debt charges | 650 | €2,829 | €2,175 | -€653 | -23.1% |
| Other financial charges | 652/9 | €520 | €638 | +€118 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €32,519 | €39,730 | +€7,212 | +22.2% |
| Income taxes | 67/77 | €8,130 | €9,933 | +€1,803 | +22.2% |
| Taxes | 670/3 | €8,130 | €9,933 | +€1,803 | +22.2% |
| Profit (loss) for the period | 9904 | €24,389 | €29,798 | +€5,409 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,389 | €29,798 | +€5,409 | +22.2% |
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 16 October 2026 via checked.be.