Action Maker: 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.
Action Maker
Largest movements
- Cash -€48,845
down €48,845 (-50.9%), from €96,009 to €47,163
mainly Investment in fixed assets (net) (-€106,692) and Deferred charges and accrued income (-€21,972)
- Tangible fixed assets +€37,877
up €37,877 (+7.9%), from €480,608 to €518,485
of which Land and buildings: +€46,099
- Deferred charges and accrued income +€21,972
up €21,972 (+1941.6%), from €1,132 to €23,104
- Receivables within one year +€9,804
up €9,804 (+21.6%), from €45,292 to €55,096
of which Trade receivables: +€13,327
- Reserves +€21,820
up €21,820 (+8.8%), from €248,457 to €270,278
- Gross operating margin -€80,431
down €80,431 (-41.3%), from €194,825 to €114,394
- Taxes -€18,200
down €18,200 (-72.0%), from €25,287 to €7,088
- Depreciation +€13,241
up €13,241 (+23.8%), from €55,574 to €68,815
- Financial charges -€3,533
down €3,533 (-20.5%), from €17,276 to €13,743
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 | €623,040 | €643,848 | +€20,808 | +3.3% |
| Fixed assets | 21/28 | €480,608 | €518,485 | +€37,877 | +7.9% |
| Tangible fixed assets | 22/27 | €480,608 | €518,485 | +€37,877 | +7.9% |
| Land and buildings | 22 | €316,121 | €362,220 | +€46,099 | +14.6% |
| Plant, machinery and equipment | 23 | €115,385 | €94,915 | -€20,471 | -17.7% |
| Furniture and vehicles | 24 | €28,289 | €41,392 | +€13,103 | +46.3% |
| Other tangible fixed assets | 26 | €20,813 | €19,959 | -€854 | -4.1% |
| Current assets | 29/58 | €142,432 | €125,363 | -€17,069 | -12.0% |
| Amounts receivable within one year | 40/41 | €45,292 | €55,096 | +€9,804 | +21.6% |
| Trade receivables | 40 | €38,616 | €51,943 | +€13,327 | +34.5% |
| Other amounts receivable | 41 | €6,676 | €3,153 | -€3,523 | -52.8% |
| Cash at bank and in hand | 54/58 | €96,009 | €47,163 | -€48,845 | -50.9% |
| Deferred charges and accrued income | 490/1 | €1,132 | €23,104 | +€21,972 | +1941.6% |
| Total equity and liabilities | 10/49 | €623,040 | €643,848 | +€20,808 | +3.3% |
| Equity | 10/15 | €267,057 | €288,878 | +€21,820 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €248,457 | €270,278 | +€21,820 | +8.8% |
| Distributable reserves | 133 | €248,457 | €270,278 | +€21,820 | +8.8% |
| Amounts payable | 17/49 | €355,983 | €354,971 | -€1,012 | -0.3% |
| Amounts payable after more than one year | 17 | €205,723 | €209,514 | +€3,791 | +1.8% |
| Financial debts | 170/4 | €205,723 | €209,514 | +€3,791 | +1.8% |
| Amounts payable within one year | 42/48 | €146,722 | €144,441 | -€2,281 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €22,450 | €23,935 | +€1,485 | +6.6% |
| Trade debts | 44 | €28,621 | €27,739 | -€883 | -3.1% |
| Suppliers | 440/4 | €28,621 | €27,739 | -€883 | -3.1% |
| Taxes, remuneration and social security | 45 | €16,472 | €15,580 | -€892 | -5.4% |
| Taxes | 450/3 | €16,472 | €13,359 | -€3,113 | -18.9% |
| Remuneration and social security | 454/9 | €0 | €2,221 | +€2,221 | |
| Other amounts payable | 47/48 | €79,179 | €77,188 | -€1,991 | -2.5% |
| Accrued charges and deferred income | 492/3 | €3,538 | €1,016 | -€2,522 | -71.3% |
| Remuneration, social security and pensions | 62 | €233 | €0 | -€233 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,574 | €68,815 | +€13,241 | +23.8% |
| Other operating charges | 640/8 | €2,681 | €2,928 | +€247 | +9.2% |
| Gross operating margin | 9900 | €194,825 | €114,394 | -€80,431 | -41.3% |
| Operating profit (loss) | 9901 | €136,335 | €42,651 | -€93,685 | -68.7% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €17,276 | €13,743 | -€3,533 | -20.5% |
| Recurring financial charges | 65 | €17,276 | €13,743 | -€3,533 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €119,072 | €28,908 | -€90,164 | -75.7% |
| Income taxes | 67/77 | €25,287 | €7,088 | -€18,200 | -72.0% |
| Profit (loss) for the period | 9904 | €93,784 | €21,820 | -€71,964 | -76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €93,784 | €21,820 | -€71,964 | -76.7% |
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.