ACTIV IMMO & PROJECTS: 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.
ACTIV IMMO & PROJECTS
Largest movements
- Cash -€147,664
down €147,664 (-80.4%), from €183,614 to €35,950
mainly Tax, wage and social debts (-€97,270) and Stocks and contracts (-€58,727)
- Financial fixed assets -€60,500
no longer reported in 2025 (was €60,500)
- Stocks and contracts +€58,727
up €58,727 (+8.6%), from €679,743 to €738,470
- Receivables within one year +€17,927
up €17,927 (+57.6%), from €31,140 to €49,067
of which Other amounts receivable: +€49,067
- Tax, wage and social debts -€97,270
down €97,270 (-97.9%), from €99,369 to €2,099
of which Taxes: -€81,562
- Other debts -€56,014
down €56,014 (-8.5%), from €662,055 to €606,041
- Trade debts +€22,003
up €22,003 (+64.5%), from €34,139 to €56,143
- Gross operating margin -€167,964
down €167,964 (-75.4%), from €222,631 to €54,667
- Staff costs -€89,618
no longer reported in 2025 (was €89,618)
- Financial charges -€31,147
down €31,147 (-99.2%), from €31,388 to €241
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 | €954,997 | €823,487 | -€131,509 | -13.8% |
| Fixed assets | 21/28 | €60,500 | - | -€60,500 | |
| Financial fixed assets | 28 | €60,500 | - | -€60,500 | |
| Current assets | 29/58 | €894,497 | €823,487 | -€71,009 | -7.9% |
| Stocks and contracts in progress | 3 | €679,743 | €738,470 | +€58,727 | +8.6% |
| Stocks | 30/36 | €679,743 | €738,470 | +€58,727 | +8.6% |
| Amounts receivable within one year | 40/41 | €31,140 | €49,067 | +€17,927 | +57.6% |
| Trade receivables | 40 | €31,140 | - | -€31,140 | |
| Other amounts receivable | 41 | - | €49,067 | +€49,067 | |
| Cash at bank and in hand | 54/58 | €183,614 | €35,950 | -€147,664 | -80.4% |
| Total equity and liabilities | 10/49 | €954,997 | €823,487 | -€131,509 | -13.8% |
| Equity | 10/15 | €159,434 | €159,205 | -€229 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,834 | €140,605 | -€229 | -0.2% |
| Non-distributable reserves | 130/1 | €57 | €57 | = | 0.0% |
| Reserves not available under the articles | 1311 | €57 | €57 | = | 0.0% |
| Distributable reserves | 133 | €140,777 | €140,548 | -€229 | -0.2% |
| Amounts payable | 17/49 | €795,563 | €664,282 | -€131,281 | -16.5% |
| Amounts payable within one year | 42/48 | €795,563 | €664,282 | -€131,281 | -16.5% |
| Trade debts | 44 | €34,139 | €56,143 | +€22,003 | +64.5% |
| Suppliers | 440/4 | €34,139 | €56,143 | +€22,003 | +64.5% |
| Taxes, remuneration and social security | 45 | €99,369 | €2,099 | -€97,270 | -97.9% |
| Taxes | 450/3 | €83,661 | €2,099 | -€81,562 | -97.5% |
| Remuneration and social security | 454/9 | €15,707 | - | -€15,707 | |
| Other amounts payable | 47/48 | €662,055 | €606,041 | -€56,014 | -8.5% |
| Remuneration, social security and pensions | 62 | €89,618 | - | -€89,618 | |
| Other operating charges | 640/8 | €666 | €1,030 | +€363 | +54.5% |
| Gross operating margin | 9900 | €222,631 | €54,667 | -€167,964 | -75.4% |
| Operating profit (loss) | 9901 | €132,346 | €53,638 | -€78,709 | -59.5% |
| Financial income | 75/76B | €3,112 | €2,150 | -€962 | -30.9% |
| Recurring financial income | 75 | €3,112 | €2,150 | -€962 | -30.9% |
| Financial charges | 65/66B | €31,388 | €241 | -€31,147 | -99.2% |
| Recurring financial charges | 65 | €31,388 | €241 | -€31,147 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €104,070 | €55,547 | -€48,523 | -46.6% |
| Income taxes | 67/77 | €1,323 | €776 | -€547 | -41.4% |
| Profit (loss) for the period | 9904 | €102,747 | €54,771 | -€47,976 | -46.7% |
| Profit (loss) for the period to be appropriated | 9905 | €102,747 | €54,771 | -€47,976 | -46.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.