ACTIV CONSTRUCT: what changed
ACTIV CONSTRUCT
Largest movements
- Receivables after one year -€55,000
no longer reported in 2025 (was €55,000)
- Receivables within one year -€5,897
down €5,897 (-12.1%), from €48,600 to €42,704
of which Other amounts receivable: -€37,594
- Tangible fixed assets +€4,372
up €4,372 (+875%), from €500 to €4,872
of which Furniture and vehicles: +€4,576
- Cash -€1,238
down €1,238 (-19.7%), from €6,300 to €5,062
mainly Contributions, distributions and other (-€60,000) and Other debts (-€41,347)
- Other debts -€41,347
down €41,347 (-98.2%), from €42,125 to €778
- Profit (loss) carried forward -€24,015
down €24,015 (-62.9%), from €38,159 to €14,144
- Tax, wage and social debts +€10,607
up €10,607 (+48.8%), from €21,718 to €32,325
- Trade debts -€2,587
down €2,587 (-32.4%), from €7,982 to €5,395
- Gross operating margin +€14,852
up €14,852 (+40.6%), from €36,553 to €51,405
- Financial income -€3,882
down €3,882 (-92.9%), from €4,179 to €297
- Taxes +€2,064
up €2,064 (+23.0%), from €8,991 to €11,055
- Depreciation +€1,354
up €1,354 (+384%), from €353 to €1,707
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,485 | €54,142 | -€57,342 | -51.4% |
| Formation expenses | 20 | €181 | €0 | -€181 | -100% |
| Fixed assets | 21/28 | €500 | €4,872 | +€4,372 | +875% |
| Tangible fixed assets | 22/27 | €500 | €4,872 | +€4,372 | +875% |
| Plant, machinery and equipment | 23 | €500 | €296 | -€204 | -40.8% |
| Furniture and vehicles | 24 | - | €4,576 | +€4,576 | |
| Current assets | 29/58 | €110,804 | €49,271 | -€61,533 | -55.5% |
| Amounts receivable after more than one year | 29 | €55,000 | - | -€55,000 | |
| Other amounts receivable | 291 | €55,000 | - | -€55,000 | |
| Amounts receivable within one year | 40/41 | €48,600 | €42,704 | -€5,897 | -12.1% |
| Trade receivables | 40 | €9,546 | €41,243 | +€31,697 | +332% |
| Other amounts receivable | 41 | €39,054 | €1,460 | -€37,594 | -96.3% |
| Cash at bank and in hand | 54/58 | €6,300 | €5,062 | -€1,238 | -19.7% |
| Deferred charges and accrued income | 490/1 | €904 | €1,505 | +€601 | +66.5% |
| Total equity and liabilities | 10/49 | €111,485 | €54,142 | -€57,342 | -51.4% |
| Equity | 10/15 | €39,659 | €15,644 | -€24,015 | -60.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,159 | €14,144 | -€24,015 | -62.9% |
| Amounts payable | 17/49 | €71,826 | €38,498 | -€33,327 | -46.4% |
| Amounts payable within one year | 42/48 | €71,826 | €38,498 | -€33,327 | -46.4% |
| Trade debts | 44 | €7,982 | €5,395 | -€2,587 | -32.4% |
| Suppliers | 440/4 | €7,982 | €5,395 | -€2,587 | -32.4% |
| Taxes, remuneration and social security | 45 | €21,718 | €32,325 | +€10,607 | +48.8% |
| Taxes | 450/3 | €21,718 | €32,325 | +€10,607 | +48.8% |
| Other amounts payable | 47/48 | €42,125 | €778 | -€41,347 | -98.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €353 | €1,707 | +€1,354 | +384% |
| Other operating charges | 640/8 | €1,086 | €1,322 | +€236 | +21.7% |
| Non-recurring operating charges | 66A | €1,034 | €1,164 | +€130 | +12.6% |
| Gross operating margin | 9900 | €36,553 | €51,405 | +€14,852 | +40.6% |
| Operating profit (loss) | 9901 | €34,080 | €47,212 | +€13,132 | +38.5% |
| Financial income | 75/76B | €4,179 | €297 | -€3,882 | -92.9% |
| Recurring financial income | 75 | €4,179 | €297 | -€3,882 | -92.9% |
| Financial charges | 65/66B | €380 | €469 | +€89 | +23.6% |
| Recurring financial charges | 65 | €380 | €469 | +€89 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €37,879 | €47,039 | +€9,160 | +24.2% |
| Income taxes | 67/77 | €8,991 | €11,055 | +€2,064 | +23.0% |
| Profit (loss) for the period | 9904 | €28,888 | €35,985 | +€7,096 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,888 | €35,985 | +€7,096 | +24.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.