ACTINAM: 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.
ACTINAM
Largest movements
- Tangible fixed assets +€21,276
up €21,276 (+15.0%), from €142,178 to €163,454
of which Plant, machinery and equipment: +€35,900
- Receivables within one year -€7,530
down €7,530 (-59.7%), from €12,618 to €5,087
of which Other amounts receivable: -€7,069
- Cash -€3,866
down €3,866 (-4.5%), from €85,309 to €81,443
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€38,434)
- Trade debts +€43,157
up €43,157 (+57.9%), from €74,512 to €117,670
- Current portion of long-term debt -€13,831
down €13,831 (-55.0%), from €25,148 to €11,317
- Debts after one year -€10,661
down €10,661 (-23.1%), from €46,056 to €35,394
- Short-term financial debts -€6,194
down €6,194 (-61.9%), from €10,000 to €3,806
- Profit (loss) carried forward +€5,848
up €5,848 (+71.0%), from €8,242 to €14,090
- Staff costs -€23,656
down €23,656 (-14.5%), from €163,386 to €139,730
- Gross operating margin +€22,466
up €22,466 (+7.9%), from €283,655 to €306,121
- Taxes +€12,121
up €12,121 (+48.4%), from €25,064 to €37,185
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 | €355,974 | €366,377 | +€10,403 | +2.9% |
| Fixed assets | 21/28 | €142,178 | €163,454 | +€21,276 | +15.0% |
| Tangible fixed assets | 22/27 | €142,178 | €163,454 | +€21,276 | +15.0% |
| Land and buildings | 22 | €141,566 | €125,597 | -€15,969 | -11.3% |
| Plant, machinery and equipment | 23 | - | €35,900 | +€35,900 | |
| Furniture and vehicles | 24 | €611 | €1,956 | +€1,344 | +219.9% |
| Current assets | 29/58 | €213,796 | €202,923 | -€10,873 | -5.1% |
| Stocks and contracts in progress | 3 | €95,209 | €95,773 | +€564 | +0.6% |
| Stocks | 30/36 | €95,209 | €95,773 | +€564 | +0.6% |
| Amounts receivable within one year | 40/41 | €12,618 | €5,087 | -€7,530 | -59.7% |
| Trade receivables | 40 | €1,569 | €1,108 | -€461 | -29.4% |
| Other amounts receivable | 41 | €11,048 | €3,979 | -€7,069 | -64.0% |
| Cash at bank and in hand | 54/58 | €85,309 | €81,443 | -€3,866 | -4.5% |
| Deferred charges and accrued income | 490/1 | €20,660 | €20,620 | -€41 | -0.2% |
| Total equity and liabilities | 10/49 | €355,974 | €366,377 | +€10,403 | +2.9% |
| Equity | 10/15 | €38,584 | €42,466 | +€3,882 | +10.1% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €18,142 | €16,176 | -€1,967 | -10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,732 | €13,765 | -€1,967 | -12.5% |
| Distributable reserves | 133 | €550 | €550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,242 | €14,090 | +€5,848 | +71.0% |
| Provisions and deferred taxes | 16 | €8,101 | €7,088 | -€1,013 | -12.5% |
| Deferred taxes | 168 | €8,101 | €7,088 | -€1,013 | -12.5% |
| Amounts payable | 17/49 | €309,289 | €316,822 | +€7,533 | +2.4% |
| Amounts payable after more than one year | 17 | €46,056 | €35,394 | -€10,661 | -23.1% |
| Financial debts | 170/4 | €46,056 | €35,394 | -€10,661 | -23.1% |
| Amounts payable within one year | 42/48 | €263,233 | €281,428 | +€18,195 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €25,148 | €11,317 | -€13,831 | -55.0% |
| Financial debts | 43 | €10,000 | €3,806 | -€6,194 | -61.9% |
| Credit institutions | 430/8 | €10,000 | €3,806 | -€6,194 | -61.9% |
| Trade debts | 44 | €74,512 | €117,670 | +€43,157 | +57.9% |
| Suppliers | 440/4 | €74,512 | €117,670 | +€43,157 | +57.9% |
| Taxes, remuneration and social security | 45 | €44,238 | €39,167 | -€5,071 | -11.5% |
| Taxes | 450/3 | €14,776 | €14,540 | -€237 | -1.6% |
| Remuneration and social security | 454/9 | €29,462 | €24,627 | -€4,835 | -16.4% |
| Other amounts payable | 47/48 | €109,335 | €109,469 | +€134 | +0.1% |
| Remuneration, social security and pensions | 62 | €163,386 | €139,730 | -€23,656 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,051 | €17,158 | +€1,107 | +6.9% |
| Other operating charges | 640/8 | €4,533 | €4,692 | +€158 | +3.5% |
| Gross operating margin | 9900 | €283,655 | €306,121 | +€22,466 | +7.9% |
| Operating profit (loss) | 9901 | €99,685 | €144,541 | +€44,857 | +45.0% |
| Financial income | 75/76B | €2,931 | €2,221 | -€710 | -24.2% |
| Recurring financial income | 75 | €2,931 | €2,221 | -€710 | -24.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €7,760 | €6,708 | -€1,052 | -13.6% |
| Recurring financial charges | 65 | €7,760 | €6,708 | -€1,052 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €94,856 | €140,055 | +€45,199 | +47.6% |
| Transfer from deferred taxes | 780 | €1,013 | €1,013 | = | 0.0% |
| Income taxes | 67/77 | €25,064 | €37,185 | +€12,121 | +48.4% |
| Profit (loss) for the period | 9904 | €70,805 | €103,882 | +€33,077 | +46.7% |
| Transfer from tax-exempt reserves | 789 | €1,967 | €1,967 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,771 | €105,848 | +€33,077 | +45.5% |
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 7 October 2026 via checked.be.