ACTIVA: 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.
ACTIVA
Largest movements
- Receivables within one year +€38,076
up €38,076 (+148.5%), from €25,636 to €63,712
of which Trade receivables: +€31,874
- Cash -€36,149
down €36,149 (-30.3%), from €119,316 to €83,167
mainly Contributions, distributions and other (-€46,617) and Receivables within one year (-€38,076)
- Tangible fixed assets -€10,970
down €10,970 (-2.1%), from €527,070 to €516,101
of which Land and buildings: -€22,268
- Intangible fixed assets -€10,000
down €10,000 (-37.5%), from €26,639 to €16,639
- Reserves -€14,319
down €14,319 (-4.6%), from €312,730 to €298,411
- Other debts -€13,554
down €13,554 (-4.3%), from €314,179 to €300,626
- Tax, wage and social debts +€7,423
up €7,423 (+138.3%), from €5,367 to €12,789
- Depreciation +€7,737
up €7,737 (+30.2%), from €25,628 to €33,366
- Gross operating margin -€3,033
down €3,033 (-2.7%), from €112,956 to €109,923
- Financial charges -€1,931
down €1,931 (-8.2%), from €23,692 to €21,761
- Taxes -€1,930
down €1,930 (-13.7%), from €14,085 to €12,155
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 | €698,661 | €679,981 | -€18,680 | -2.7% |
| Fixed assets | 21/28 | €553,710 | €532,740 | -€20,970 | -3.8% |
| Intangible fixed assets | 21 | €26,639 | €16,639 | -€10,000 | -37.5% |
| Tangible fixed assets | 22/27 | €527,070 | €516,101 | -€10,970 | -2.1% |
| Land and buildings | 22 | €527,070 | €504,803 | -€22,268 | -4.2% |
| Furniture and vehicles | 24 | - | €11,298 | +€11,298 | |
| Current assets | 29/58 | €144,952 | €147,241 | +€2,290 | +1.6% |
| Amounts receivable within one year | 40/41 | €25,636 | €63,712 | +€38,076 | +148.5% |
| Trade receivables | 40 | €25,636 | €57,510 | +€31,874 | +124.3% |
| Other amounts receivable | 41 | €0 | €6,202 | +€6,202 | |
| Cash at bank and in hand | 54/58 | €119,316 | €83,167 | -€36,149 | -30.3% |
| Deferred charges and accrued income | 490/1 | €0 | €362 | +€362 | |
| Total equity and liabilities | 10/49 | €698,661 | €679,981 | -€18,680 | -2.7% |
| Equity | 10/15 | €353,456 | €339,137 | -€14,319 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €22,126 | €22,126 | = | 0.0% |
| Reserves | 13 | €312,730 | €298,411 | -€14,319 | -4.6% |
| Distributable reserves | 133 | €312,730 | €298,411 | -€14,319 | -4.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €345,205 | €340,845 | -€4,361 | -1.3% |
| Amounts payable within one year | 42/48 | €322,453 | €315,476 | -€6,977 | -2.2% |
| Trade debts | 44 | €2,907 | €2,061 | -€846 | -29.1% |
| Suppliers | 440/4 | €2,907 | €2,061 | -€846 | -29.1% |
| Taxes, remuneration and social security | 45 | €5,367 | €12,789 | +€7,423 | +138.3% |
| Taxes | 450/3 | €5,367 | €12,789 | +€7,423 | +138.3% |
| Other amounts payable | 47/48 | €314,179 | €300,626 | -€13,554 | -4.3% |
| Accrued charges and deferred income | 492/3 | €22,752 | €25,369 | +€2,616 | +11.5% |
| Non-recurring operating income | 76A | €19,507 | €0 | -€19,507 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,628 | €33,366 | +€7,737 | +30.2% |
| Other operating charges | 640/8 | €10,516 | €10,769 | +€253 | +2.4% |
| Gross operating margin | 9900 | €112,956 | €109,923 | -€3,033 | -2.7% |
| Operating profit (loss) | 9901 | €76,812 | €65,788 | -€11,023 | -14.4% |
| Financial income | 75/76B | €240 | €425 | +€185 | +77.0% |
| Recurring financial income | 75 | €240 | €425 | +€185 | +77.0% |
| Financial charges | 65/66B | €23,692 | €21,761 | -€1,931 | -8.2% |
| Recurring financial charges | 65 | €23,692 | €21,761 | -€1,931 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €53,360 | €44,453 | -€8,907 | -16.7% |
| Income taxes | 67/77 | €14,085 | €12,155 | -€1,930 | -13.7% |
| Profit (loss) for the period | 9904 | €39,275 | €32,297 | -€6,977 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,275 | €32,297 | -€6,977 | -17.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.