ACTISAN: 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.
ACTISAN
Largest movements
- Receivables within one year +€24,719
up €24,719 (+104.6%), from €23,628 to €48,347
of which Trade receivables: +€33,820
- Cash -€17,114
down €17,114 (-53.4%), from €32,018 to €14,905
mainly Contributions, distributions and other (-€31,800) and Receivables within one year (-€24,719)
- Tangible fixed assets -€10,980
down €10,980 (-38.2%), from €28,727 to €17,747
of which Furniture and vehicles: -€10,480
- Deferred charges and accrued income +€2,732
up €2,732 (+1017.7%), from €268 to €3,000
- Stocks and contracts -€1,499
down €1,499 (-7.7%), from €19,367 to €17,868
- Reserves -€18,927
down €18,927 (-23.2%), from €81,439 to €62,512
of which Distributable reserves: -€17,368
- Trade debts +€10,534
up €10,534 (+61.0%), from €17,277 to €27,811
- Tax, wage and social debts +€6,919
up €6,919 (+399.0%), from €1,734 to €8,654
of which Taxes: +€4,919
- Gross operating margin -€9,841
down €9,841 (-26.3%), from €37,446 to €27,605
- Depreciation +€6,492
up €6,492 (+151.3%), from €4,292 to €10,783
- Taxes -€1,161
down €1,161 (-18.6%), from €6,247 to €5,086
- Financial income +€586
up €586 (+69.2%), from €846 to €1,432
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 | €108,508 | €106,366 | -€2,142 | -2.0% |
| Fixed assets | 21/28 | €33,227 | €22,247 | -€10,980 | -33.0% |
| Tangible fixed assets | 22/27 | €28,727 | €17,747 | -€10,980 | -38.2% |
| Plant, machinery and equipment | 23 | €500 | - | -€500 | |
| Furniture and vehicles | 24 | €28,227 | €17,747 | -€10,480 | -37.1% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €75,281 | €84,120 | +€8,838 | +11.7% |
| Stocks and contracts in progress | 3 | €19,367 | €17,868 | -€1,499 | -7.7% |
| Stocks | 30/36 | €19,367 | €17,868 | -€1,499 | -7.7% |
| Amounts receivable within one year | 40/41 | €23,628 | €48,347 | +€24,719 | +104.6% |
| Trade receivables | 40 | €9,921 | €43,741 | +€33,820 | +340.9% |
| Other amounts receivable | 41 | €13,706 | €4,606 | -€9,101 | -66.4% |
| Cash at bank and in hand | 54/58 | €32,018 | €14,905 | -€17,114 | -53.4% |
| Deferred charges and accrued income | 490/1 | €268 | €3,000 | +€2,732 | +1017.7% |
| Total equity and liabilities | 10/49 | €108,508 | €106,366 | -€2,142 | -2.0% |
| Equity | 10/15 | €87,639 | €68,712 | -€18,927 | -21.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €81,439 | €62,512 | -€18,927 | -23.2% |
| Tax-exempt reserves | 132 | €4,335 | €2,777 | -€1,559 | -36.0% |
| Distributable reserves | 133 | €77,103 | €59,735 | -€17,368 | -22.5% |
| Provisions and deferred taxes | 16 | €1,858 | €1,190 | -€668 | -36.0% |
| Deferred taxes | 168 | €1,858 | €1,190 | -€668 | -36.0% |
| Amounts payable | 17/49 | €19,011 | €36,464 | +€17,453 | +91.8% |
| Amounts payable within one year | 42/48 | €19,011 | €36,464 | +€17,453 | +91.8% |
| Trade debts | 44 | €17,277 | €27,811 | +€10,534 | +61.0% |
| Suppliers | 440/4 | €17,277 | €27,811 | +€10,534 | +61.0% |
| Taxes, remuneration and social security | 45 | €1,734 | €8,654 | +€6,919 | +399.0% |
| Taxes | 450/3 | €1,734 | €6,654 | +€4,919 | +283.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €6,681 | - | -€6,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,292 | €10,783 | +€6,492 | +151.3% |
| Other operating charges | 640/8 | €597 | €600 | +€3 | +0.6% |
| Non-recurring operating charges | 66A | - | €196 | +€196 | |
| Gross operating margin | 9900 | €37,446 | €27,605 | -€9,841 | -26.3% |
| Operating profit (loss) | 9901 | €32,557 | €16,025 | -€16,533 | -50.8% |
| Financial income | 75/76B | €846 | €1,432 | +€586 | +69.2% |
| Recurring financial income | 75 | €846 | €1,432 | +€586 | +69.2% |
| Financial charges | 65/66B | €391 | €166 | -€225 | -57.6% |
| Recurring financial charges | 65 | €391 | €166 | -€225 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €33,013 | €17,291 | -€15,721 | -47.6% |
| Transfer from deferred taxes | 780 | €146 | €668 | +€522 | +356.6% |
| Transfer to deferred taxes | 680 | €2,004 | - | -€2,004 | |
| Income taxes | 67/77 | €6,247 | €5,086 | -€1,161 | -18.6% |
| Profit (loss) for the period | 9904 | €24,907 | €12,873 | -€12,034 | -48.3% |
| Transfer from tax-exempt reserves | 789 | €341 | €1,559 | +€1,217 | +356.6% |
| Transfer to tax-exempt reserves | 689 | €4,677 | - | -€4,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,572 | €14,432 | -€6,140 | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.