ACTION RE3: 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.
ACTION RE3
Largest movements
- Cash +€77,059
up €77,059 (+26.8%), from €287,819 to €364,878
mainly Other debts (+€50,159) and Tax, wage and social debts (+€32,747)
- Other debts +€50,159
up €50,159 (+20.9%), from €239,637 to €289,795
- Debts after one year -€39,717
down €39,717 (-30.4%), from €130,711 to €90,994
of which Financial debts: -€39,717
- Tax, wage and social debts +€32,747
up €32,747 (+69.2%), from €47,349 to €80,096
of which Taxes: +€22,734
- Trade debts +€15,675
up €15,675 (+57.6%), from €27,229 to €42,904
- Current portion of long-term debt -€15,151
down €15,151 (-27.6%), from €54,868 to €39,717
- Gross operating margin -€60,255
down €60,255 (-22.8%), from €264,618 to €204,363
- Taxes -€10,640
down €10,640 (-54.4%), from €19,552 to €8,911
- Depreciation -€10,300
down €10,300 (-62.6%), from €16,450 to €6,150
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 | €648,084 | €715,278 | +€67,195 | +10.4% |
| Fixed assets | 21/28 | €20,009 | €14,064 | -€5,945 | -29.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €16,008 | €11,015 | -€4,994 | -31.2% |
| Furniture and vehicles | 24 | €14,982 | €10,245 | -€4,737 | -31.6% |
| Other tangible fixed assets | 26 | €1,026 | €770 | -€257 | -25.0% |
| Financial fixed assets | 28 | €4,001 | €3,050 | -€951 | -23.8% |
| Current assets | 29/58 | €628,074 | €701,214 | +€73,140 | +11.6% |
| Amounts receivable within one year | 40/41 | €338,025 | €331,640 | -€6,384 | -1.9% |
| Trade receivables | 40 | €336,192 | €310,069 | -€26,123 | -7.8% |
| Other amounts receivable | 41 | €1,833 | €21,572 | +€19,739 | +1,077% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €287,819 | €364,878 | +€77,059 | +26.8% |
| Deferred charges and accrued income | 490/1 | €2,231 | €4,696 | +€2,465 | +111% |
| Total equity and liabilities | 10/49 | €648,084 | €715,278 | +€67,195 | +10.4% |
| Equity | 10/15 | €145,476 | €170,321 | +€24,846 | +17.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €139,276 | €151,721 | +€12,446 | +8.9% |
| Distributable reserves | 133 | €139,276 | €151,721 | +€12,446 | +8.9% |
| Amounts payable | 17/49 | €502,608 | €544,957 | +€42,349 | +8.4% |
| Amounts payable after more than one year | 17 | €130,711 | €90,994 | -€39,717 | -30.4% |
| Financial debts | 170/4 | €130,711 | €90,994 | -€39,717 | -30.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €369,083 | €452,513 | +€83,429 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €54,868 | €39,717 | -€15,151 | -27.6% |
| Trade debts | 44 | €27,229 | €42,904 | +€15,675 | +57.6% |
| Suppliers | 440/4 | €27,229 | €42,904 | +€15,675 | +57.6% |
| Taxes, remuneration and social security | 45 | €47,349 | €80,096 | +€32,747 | +69.2% |
| Taxes | 450/3 | €24,917 | €47,651 | +€22,734 | +91.2% |
| Remuneration and social security | 454/9 | €22,433 | €32,446 | +€10,013 | +44.6% |
| Other amounts payable | 47/48 | €239,637 | €289,795 | +€50,159 | +20.9% |
| Accrued charges and deferred income | 492/3 | €2,813 | €1,450 | -€1,363 | -48.5% |
| Remuneration, social security and pensions | 62 | €167,147 | €169,459 | +€2,313 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,450 | €6,150 | -€10,300 | -62.6% |
| Other operating charges | 640/8 | €608 | €893 | +€286 | +47.0% |
| Gross operating margin | 9900 | €264,618 | €204,363 | -€60,255 | -22.8% |
| Operating profit (loss) | 9901 | €80,414 | €27,860 | -€52,553 | -65.4% |
| Financial income | 75/76B | €298 | €907 | +€608 | +204% |
| Recurring financial income | 75 | €298 | €907 | +€608 | +204% |
| Financial charges | 65/66B | €8,943 | €7,410 | -€1,533 | -17.1% |
| Recurring financial charges | 65 | €8,943 | €7,410 | -€1,533 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €71,769 | €21,357 | -€50,412 | -70.2% |
| Income taxes | 67/77 | €19,552 | €8,911 | -€10,640 | -54.4% |
| Profit (loss) for the period | 9904 | €52,218 | €12,446 | -€39,772 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,218 | €12,446 | -€39,772 | -76.2% |
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.