ACTIV INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Current investments +€387,451
up €387,451 (+140%), from €276,013 to €663,463
- Cash -€60,445
down €60,445 (-78.7%), from €76,847 to €16,402
mainly Current investments (-€387,451) and Debts after one year (-€23,227)
- Tangible fixed assets -€45,449
down €45,449 (-49.8%), from €91,273 to €45,824
of which Other tangible fixed assets: -€27,486
- Stocks and contracts -€9,265
down €9,265 (-8.8%), from €105,529 to €96,265
- Reserves +€172,289
up €172,289 (+39.0%), from €442,260 to €614,549
- Short-term financial debts +€70,319
new in 2025: €70,319
- Tax, wage and social debts +€58,286
up €58,286 (+141%), from €41,254 to €99,540
- Debts after one year -€23,227
no longer reported in 2025 (was €23,227)
- Financial income +€167,555
up €167,555 (+986%), from €16,988 to €184,543
- Taxes +€57,691
up €57,691 (+169%), from €34,210 to €91,900
- Financial charges +€55,922
up €55,922 (+698%), from €8,009 to €63,931
- Gross operating margin +€32,314
up €32,314 (+20.2%), from €159,671 to €191,985
- Depreciation +€1,989
up €1,989 (+4.6%), from €43,460 to €45,449
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.
Derived cash bridge
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 | €578,973 | €851,879 | +€272,906 | +47.1% |
| Fixed assets | 21/28 | €93,697 | €48,248 | -€45,449 | -48.5% |
| Tangible fixed assets | 22/27 | €91,273 | €45,824 | -€45,449 | -49.8% |
| Plant, machinery and equipment | 23 | €24,550 | €17,340 | -€7,210 | -29.4% |
| Furniture and vehicles | 24 | €30,417 | €19,664 | -€10,753 | -35.4% |
| Other tangible fixed assets | 26 | €36,306 | €8,821 | -€27,486 | -75.7% |
| Financial fixed assets | 28 | €2,424 | €2,424 | = | 0.0% |
| Current assets | 29/58 | €485,276 | €803,631 | +€318,355 | +65.6% |
| Stocks and contracts in progress | 3 | €105,529 | €96,265 | -€9,265 | -8.8% |
| Stocks | 30/36 | €105,529 | €96,265 | -€9,265 | -8.8% |
| Amounts receivable within one year | 40/41 | €26,887 | €27,501 | +€614 | +2.3% |
| Trade receivables | 40 | €1,432 | €1,195 | -€237 | -16.6% |
| Other amounts receivable | 41 | €25,455 | €26,306 | +€851 | +3.3% |
| Current investments | 50/53 | €276,013 | €663,463 | +€387,451 | +140% |
| Cash at bank and in hand | 54/58 | €76,847 | €16,402 | -€60,445 | -78.7% |
| Total equity and liabilities | 10/49 | €578,973 | €851,879 | +€272,906 | +47.1% |
| Equity | 10/15 | €462,260 | €634,549 | +€172,289 | +37.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €442,260 | €614,549 | +€172,289 | +39.0% |
| Distributable reserves | 133 | €442,260 | €614,549 | +€172,289 | +39.0% |
| Amounts payable | 17/49 | €116,713 | €217,330 | +€100,617 | +86.2% |
| Amounts payable after more than one year | 17 | €23,227 | - | -€23,227 | |
| Financial debts | 170/4 | €23,227 | - | -€23,227 | |
| Amounts payable within one year | 42/48 | €93,486 | €217,330 | +€123,844 | +132% |
| Current portion of amounts payable after more than one year | 42 | €30,561 | €23,227 | -€7,334 | -24.0% |
| Financial debts | 43 | - | €70,319 | +€70,319 | |
| Credit institutions | 430/8 | - | €70,319 | +€70,319 | |
| Trade debts | 44 | €21,670 | €24,244 | +€2,573 | +11.9% |
| Suppliers | 440/4 | €21,670 | €24,244 | +€2,573 | +11.9% |
| Taxes, remuneration and social security | 45 | €41,254 | €99,540 | +€58,286 | +141% |
| Taxes | 450/3 | €41,254 | €99,540 | +€58,286 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,460 | €45,449 | +€1,989 | +4.6% |
| Other operating charges | 640/8 | €2,599 | €2,959 | +€360 | +13.9% |
| Gross operating margin | 9900 | €159,671 | €191,985 | +€32,314 | +20.2% |
| Operating profit (loss) | 9901 | €113,612 | €143,577 | +€29,965 | +26.4% |
| Financial income | 75/76B | €16,988 | €184,543 | +€167,555 | +986% |
| Recurring financial income | 75 | €16,988 | €184,543 | +€167,555 | +986% |
| Financial charges | 65/66B | €8,009 | €63,931 | +€55,922 | +698% |
| Recurring financial charges | 65 | €8,009 | €63,931 | +€55,922 | +698% |
| Profit (loss) for the period before taxes | 9903 | €122,591 | €264,189 | +€141,598 | +116% |
| Income taxes | 67/77 | €34,210 | €91,900 | +€57,691 | +169% |
| Profit (loss) for the period | 9904 | €88,382 | €172,289 | +€83,907 | +94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,382 | €172,289 | +€83,907 | +94.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.