Activ'T: 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'T
Largest movements
- Cash +€82,705
up €82,705 (+78.7%), from €105,108 to €187,813
mainly Receivables within one year (+€79,930) and Net result for the year (+€39,657)
- Receivables within one year -€79,930
down €79,930 (-82.5%), from €96,867 to €16,937
of which Trade receivables: -€84,743
- Tangible fixed assets +€7,992
up €7,992 (+65.6%), from €12,188 to €20,181
of which Other tangible fixed assets: +€10,400
- Other debts +€25,848
up €25,848 (+51.8%), from €49,908 to €75,756
- Tax, wage and social debts -€16,173
down €16,173 (-68.3%), from €23,665 to €7,491
of which Taxes: -€14,773
- Gross operating margin -€30,472
down €30,472 (-30.8%), from €98,880 to €68,408
- Taxes -€6,123
down €6,123 (-24.2%), from €25,251 to €19,128
- Depreciation +€1,079
up €1,079 (+28.9%), from €3,734 to €4,813
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 | €215,361 | €225,813 | +€10,452 | +4.9% |
| Fixed assets | 21/28 | €12,188 | €20,181 | +€7,992 | +65.6% |
| Tangible fixed assets | 22/27 | €12,188 | €20,181 | +€7,992 | +65.6% |
| Furniture and vehicles | 24 | €4,306 | €1,899 | -€2,407 | -55.9% |
| Other tangible fixed assets | 26 | €7,882 | €18,282 | +€10,400 | +131.9% |
| Current assets | 29/58 | €203,172 | €205,632 | +€2,460 | +1.2% |
| Amounts receivable within one year | 40/41 | €96,867 | €16,937 | -€79,930 | -82.5% |
| Trade receivables | 40 | €96,843 | €12,100 | -€84,743 | -87.5% |
| Other amounts receivable | 41 | €24 | €4,837 | +€4,813 | +20156.9% |
| Cash at bank and in hand | 54/58 | €105,108 | €187,813 | +€82,705 | +78.7% |
| Deferred charges and accrued income | 490/1 | €1,197 | €881 | -€316 | -26.4% |
| Total equity and liabilities | 10/49 | €215,361 | €225,813 | +€10,452 | +4.9% |
| Equity | 10/15 | €137,954 | €136,970 | -€984 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,754 | €130,770 | -€984 | -0.7% |
| Distributable reserves | 133 | €131,754 | €130,770 | -€984 | -0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,407 | €88,843 | +€11,436 | +14.8% |
| Amounts payable within one year | 42/48 | €74,051 | €85,041 | +€10,990 | +14.8% |
| Financial debts | 43 | €203 | €29 | -€174 | -85.7% |
| Credit institutions | 430/8 | €203 | €29 | -€174 | -85.7% |
| Trade debts | 44 | €275 | €1,765 | +€1,489 | +541.2% |
| Suppliers | 440/4 | €275 | €1,765 | +€1,489 | +541.2% |
| Taxes, remuneration and social security | 45 | €23,665 | €7,491 | -€16,173 | -68.3% |
| Taxes | 450/3 | €21,265 | €6,491 | -€14,773 | -69.5% |
| Remuneration and social security | 454/9 | €2,400 | €1,000 | -€1,400 | -58.3% |
| Other amounts payable | 47/48 | €49,908 | €75,756 | +€25,848 | +51.8% |
| Accrued charges and deferred income | 492/3 | €3,356 | €3,802 | +€446 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,734 | €4,813 | +€1,079 | +28.9% |
| Other operating charges | 640/8 | €995 | €625 | -€370 | -37.2% |
| Gross operating margin | 9900 | €98,880 | €68,408 | -€30,472 | -30.8% |
| Operating profit (loss) | 9901 | €94,151 | €62,971 | -€31,180 | -33.1% |
| Financial income | 75/76B | €0 | €106 | +€106 | |
| Recurring financial income | 75 | €0 | €106 | +€106 | |
| Financial charges | 65/66B | €3,784 | €4,291 | +€507 | +13.4% |
| Recurring financial charges | 65 | €3,784 | €4,291 | +€507 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €90,367 | €58,785 | -€31,582 | -34.9% |
| Income taxes | 67/77 | €25,251 | €19,128 | -€6,123 | -24.2% |
| Profit (loss) for the period | 9904 | €65,116 | €39,657 | -€25,459 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,116 | €39,657 | -€25,459 | -39.1% |
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 9 October 2026 via checked.be.