ACTINUM: 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.
ACTINUM
Largest movements
- Tangible fixed assets +€353,037
up €353,037 (+505.7%), from €69,818 to €422,855
of which Land and buildings: +€366,952
- Current investments -€38,198
down €38,198 (-13.3%), from €286,933 to €248,735
- Cash -€18,879
down €18,879 (-60.8%), from €31,068 to €12,189
mainly Investment in fixed assets (net) (-€371,569) and Receivables within one year (-€15,651)
- Receivables within one year +€15,651
up €15,651 (+131.4%), from €11,915 to €27,566
of which Other amounts receivable: +€25,845
- Debts after one year +€252,133
new in 2025: €252,133
- Current portion of long-term debt +€23,955
new in 2025: €23,955
- Reserves +€18,717
up €18,717 (+5.3%), from €350,898 to €369,615
- Other debts +€15,803
up €15,803 (+52.8%), from €29,923 to €45,726
- Gross operating margin -€45,589
down €45,589 (-68.3%), from €66,780 to €21,191
- Taxes -€32,562
down €32,562, from €22,730 to -€9,832
- Financial income +€8,742
up €8,742 (+459.4%), from €1,903 to €10,645
- Depreciation +€6,382
up €6,382 (+52.5%), from €12,150 to €18,532
- Financial charges +€1,909
up €1,909 (+672.2%), from €284 to €2,193
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 | €399,734 | €711,345 | +€311,611 | +78.0% |
| Fixed assets | 21/28 | €69,818 | €422,855 | +€353,037 | +505.7% |
| Tangible fixed assets | 22/27 | €69,818 | €422,855 | +€353,037 | +505.7% |
| Land and buildings | 22 | €4,994 | €371,946 | +€366,952 | +7347.9% |
| Furniture and vehicles | 24 | €64,824 | €50,909 | -€13,915 | -21.5% |
| Current assets | 29/58 | €329,916 | €288,490 | -€41,426 | -12.6% |
| Amounts receivable within one year | 40/41 | €11,915 | €27,566 | +€15,651 | +131.4% |
| Trade receivables | 40 | €11,500 | €1,306 | -€10,194 | -88.6% |
| Other amounts receivable | 41 | €415 | €26,260 | +€25,845 | +6227.7% |
| Current investments | 50/53 | €286,933 | €248,735 | -€38,198 | -13.3% |
| Cash at bank and in hand | 54/58 | €31,068 | €12,189 | -€18,879 | -60.8% |
| Total equity and liabilities | 10/49 | €399,734 | €711,345 | +€311,611 | +78.0% |
| Equity | 10/15 | €369,498 | €388,215 | +€18,717 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €350,898 | €369,615 | +€18,717 | +5.3% |
| Distributable reserves | 133 | €350,898 | €369,615 | +€18,717 | +5.3% |
| Amounts payable | 17/49 | €30,236 | €323,130 | +€292,894 | +968.7% |
| Amounts payable after more than one year | 17 | - | €252,133 | +€252,133 | |
| Financial debts | 170/4 | - | €252,133 | +€252,133 | |
| Amounts payable within one year | 42/48 | €30,236 | €70,997 | +€40,761 | +134.8% |
| Current portion of amounts payable after more than one year | 42 | - | €23,955 | +€23,955 | |
| Taxes, remuneration and social security | 45 | €313 | €1,316 | +€1,003 | +320.4% |
| Taxes | 450/3 | €313 | €1,316 | +€1,003 | +320.4% |
| Other amounts payable | 47/48 | €29,923 | €45,726 | +€15,803 | +52.8% |
| Non-recurring operating income | 76A | €5,017 | - | -€5,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,150 | €18,532 | +€6,382 | +52.5% |
| Other operating charges | 640/8 | €955 | €2,226 | +€1,271 | +133.1% |
| Gross operating margin | 9900 | €66,780 | €21,191 | -€45,589 | -68.3% |
| Operating profit (loss) | 9901 | €53,675 | €433 | -€53,242 | -99.2% |
| Financial income | 75/76B | €1,903 | €10,645 | +€8,742 | +459.4% |
| Recurring financial income | 75 | €1,903 | €10,645 | +€8,742 | +459.4% |
| Financial charges | 65/66B | €284 | €2,193 | +€1,909 | +672.2% |
| Recurring financial charges | 65 | €284 | €2,193 | +€1,909 | +672.2% |
| Profit (loss) for the period before taxes | 9903 | €55,294 | €8,885 | -€46,409 | -83.9% |
| Income taxes | 67/77 | €22,730 | -€9,832 | -€32,562 | |
| Profit (loss) for the period | 9904 | €32,564 | €18,717 | -€13,847 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,564 | €18,717 | -€13,847 | -42.5% |
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 9 October 2026 via checked.be.