ACTIPHONE: 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.
ACTIPHONE
Largest movements
- Receivables within one year -€470,602
down €470,602 (-62.8%), from €749,903 to €279,302
of which Trade receivables: -€455,863
- Cash +€103,798
up €103,798 (+48.1%), from €215,679 to €319,477
mainly Receivables within one year (+€470,602) and Depreciation (+€59,036)
- Tangible fixed assets -€11,213
down €11,213 (-59.1%), from €18,964 to €7,751
of which Plant, machinery and equipment: -€10,939
- Trade debts -€422,033
down €422,033 (-68.6%), from €615,191 to €193,158
- Profit (loss) carried forward +€54,930
up €54,930 (+18.4%), from €297,999 to €352,929
- Gross operating margin -€46,671
down €46,671 (-10.4%), from €447,094 to €400,422
- Staff costs -€45,952
down €45,952 (-15.1%), from €304,774 to €258,822
- Taxes -€5,719
down €5,719 (-20.1%), from €28,412 to €22,693
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 | €1,057,231 | €682,455 | -€374,776 | -35.4% |
| Fixed assets | 21/28 | €88,284 | €80,242 | -€8,041 | -9.1% |
| Intangible fixed assets | 21 | €69,319 | €72,491 | +€3,172 | +4.6% |
| Tangible fixed assets | 22/27 | €18,964 | €7,751 | -€11,213 | -59.1% |
| Plant, machinery and equipment | 23 | €17,720 | €6,781 | -€10,939 | -61.7% |
| Furniture and vehicles | 24 | €1,244 | €970 | -€274 | -22.0% |
| Current assets | 29/58 | €968,948 | €602,213 | -€366,735 | -37.8% |
| Amounts receivable within one year | 40/41 | €749,903 | €279,302 | -€470,602 | -62.8% |
| Trade receivables | 40 | €720,180 | €264,317 | -€455,863 | -63.3% |
| Other amounts receivable | 41 | €29,724 | €14,985 | -€14,739 | -49.6% |
| Cash at bank and in hand | 54/58 | €215,679 | €319,477 | +€103,798 | +48.1% |
| Deferred charges and accrued income | 490/1 | €3,365 | €3,433 | +€69 | +2.0% |
| Total equity and liabilities | 10/49 | €1,057,231 | €682,455 | -€374,776 | -35.4% |
| Equity | 10/15 | €374,754 | €429,684 | +€54,930 | +14.7% |
| 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 | €14,754 | €14,754 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €8,554 | €8,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,999 | €352,929 | +€54,930 | +18.4% |
| Amounts payable | 17/49 | €682,478 | €252,771 | -€429,706 | -63.0% |
| Amounts payable within one year | 42/48 | €680,478 | €250,771 | -€429,706 | -63.1% |
| Financial debts | 43 | €8,402 | - | -€8,402 | |
| Credit institutions | 430/8 | €8,402 | - | -€8,402 | |
| Trade debts | 44 | €615,191 | €193,158 | -€422,033 | -68.6% |
| Suppliers | 440/4 | €615,191 | €193,158 | -€422,033 | -68.6% |
| Taxes, remuneration and social security | 45 | €56,275 | €57,003 | +€728 | +1.3% |
| Taxes | 450/3 | €12,442 | €22,860 | +€10,418 | +83.7% |
| Remuneration and social security | 454/9 | €43,833 | €34,143 | -€9,690 | -22.1% |
| Other amounts payable | 47/48 | €610 | €610 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €304,774 | €258,822 | -€45,952 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,696 | €59,036 | +€341 | +0.6% |
| Other operating charges | 640/8 | €615 | €1,406 | +€791 | +128.6% |
| Gross operating margin | 9900 | €447,094 | €400,422 | -€46,671 | -10.4% |
| Operating profit (loss) | 9901 | €83,009 | €81,158 | -€1,851 | -2.2% |
| Financial income | 75/76B | €4,196 | €108 | -€4,088 | -97.4% |
| Recurring financial income | 75 | €4,196 | €108 | -€4,088 | -97.4% |
| Financial charges | 65/66B | €2,450 | €3,643 | +€1,193 | +48.7% |
| Recurring financial charges | 65 | €2,450 | €3,643 | +€1,193 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €84,756 | €77,623 | -€7,132 | -8.4% |
| Income taxes | 67/77 | €28,412 | €22,693 | -€5,719 | -20.1% |
| Profit (loss) for the period | 9904 | €56,344 | €54,930 | -€1,414 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,344 | €54,930 | -€1,414 | -2.5% |
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 5 October 2026 via checked.be.