ACTIV ART CONSTRUCT: 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.
ACTIV ART CONSTRUCT
Largest movements
- Stocks and contracts -€60,098
down €60,098 (-100.0%), from €60,098 to €0
- Tangible fixed assets +€44,729
up €44,729 (+203.8%), from €21,948 to €66,676
of which Furniture and vehicles: +€44,995
- Cash +€44,033
up €44,033 (+702.5%), from €6,268 to €50,302
mainly Stocks and contracts (+€60,098) and Other debts (+€51,269)
- Receivables within one year -€3,380
down €3,380 (-10.5%), from €32,229 to €28,848
of which Other amounts receivable: -€6,580
- Other debts +€51,269
up €51,269, from €0 to €51,269
- Tax, wage and social debts +€27,369
up €27,369 (+254.2%), from €10,768 to €38,137
of which Taxes: +€24,187
- Profit (loss) carried forward -€27,143
down €27,143 (-32.9%), from €82,611 to €55,469
- Debts after one year -€15,415
down €15,415 (-100.0%), from €15,415 to €0
- Current portion of long-term debt -€10,345
down €10,345 (-100.0%), from €10,345 to €0
- Gross operating margin +€41,939
up €41,939 (+76.4%), from €54,861 to €96,800
- Staff costs +€16,180
up €16,180 (+220.8%), from €7,328 to €23,508
- Depreciation +€7,276
up €7,276 (+50.0%), from €14,558 to €21,835
- Taxes +€4,406
up €4,406 (+52.2%), from €8,437 to €12,843
- Other operating charges +€1,050
up €1,050 (+56.8%), from €1,850 to €2,901
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 | €121,313 | €147,050 | +€25,737 | +21.2% |
| Fixed assets | 21/28 | €21,948 | €66,676 | +€44,729 | +203.8% |
| Tangible fixed assets | 22/27 | €21,948 | €66,676 | +€44,729 | +203.8% |
| Plant, machinery and equipment | 23 | €3,569 | €3,302 | -€266 | -7.5% |
| Furniture and vehicles | 24 | €18,379 | €63,374 | +€44,995 | +244.8% |
| Current assets | 29/58 | €99,365 | €80,374 | -€18,991 | -19.1% |
| Stocks and contracts in progress | 3 | €60,098 | €0 | -€60,098 | -100.0% |
| Stocks | 30/36 | €60,098 | €0 | -€60,098 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,229 | €28,848 | -€3,380 | -10.5% |
| Trade receivables | 40 | €0 | €3,200 | +€3,200 | |
| Other amounts receivable | 41 | €32,229 | €25,648 | -€6,580 | -20.4% |
| Cash at bank and in hand | 54/58 | €6,268 | €50,302 | +€44,033 | +702.5% |
| Deferred charges and accrued income | 490/1 | €770 | €1,224 | +€454 | +58.9% |
| Total equity and liabilities | 10/49 | €121,313 | €147,050 | +€25,737 | +21.2% |
| Equity | 10/15 | €84,311 | €57,169 | -€27,143 | -32.2% |
| Contributions | 10/11 | €1,700 | €1,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,611 | €55,469 | -€27,143 | -32.9% |
| Amounts payable | 17/49 | €37,002 | €89,882 | +€52,880 | +142.9% |
| Amounts payable after more than one year | 17 | €15,415 | €0 | -€15,415 | -100.0% |
| Financial debts | 170/4 | €15,415 | €0 | -€15,415 | -100.0% |
| Amounts payable within one year | 42/48 | €21,587 | €89,882 | +€68,295 | +316.4% |
| Current portion of amounts payable after more than one year | 42 | €10,345 | €0 | -€10,345 | -100.0% |
| Trade debts | 44 | €474 | €476 | +€2 | +0.3% |
| Suppliers | 440/4 | €474 | €476 | +€2 | +0.3% |
| Taxes, remuneration and social security | 45 | €10,768 | €38,137 | +€27,369 | +254.2% |
| Taxes | 450/3 | €8,437 | €32,624 | +€24,187 | +286.7% |
| Remuneration and social security | 454/9 | €2,331 | €5,513 | +€3,182 | +136.5% |
| Other amounts payable | 47/48 | €0 | €51,269 | +€51,269 | |
| Non-recurring operating income | 76A | €254 | €0 | -€254 | -100.0% |
| Remuneration, social security and pensions | 62 | €7,328 | €23,508 | +€16,180 | +220.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,558 | €21,835 | +€7,276 | +50.0% |
| Other operating charges | 640/8 | €1,850 | €2,901 | +€1,050 | +56.8% |
| Gross operating margin | 9900 | €54,861 | €96,800 | +€41,939 | +76.4% |
| Operating profit (loss) | 9901 | €31,124 | €48,557 | +€17,432 | +56.0% |
| Financial income | 75/76B | €1 | €1 | +€1 | +91.5% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +91.5% |
| Financial charges | 65/66B | €2,523 | €1,513 | -€1,010 | -40.0% |
| Recurring financial charges | 65 | €2,523 | €1,513 | -€1,010 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €28,602 | €47,044 | +€18,443 | +64.5% |
| Income taxes | 67/77 | €8,437 | €12,843 | +€4,406 | +52.2% |
| Profit (loss) for the period | 9904 | €20,165 | €34,202 | +€14,037 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,165 | €34,202 | +€14,037 | +69.6% |
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 12 October 2026 via checked.be.