Activa: 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.
Activa
Largest movements
- Cash -€11,768
down €11,768 (-44.6%), from €26,386 to €14,618
mainly Contributions, distributions and other (-€27,288) and Receivables within one year (-€10,824)
- Receivables within one year +€10,824
up €10,824 (+157.4%), from €6,876 to €17,700
- Tangible fixed assets -€8,277
down €8,277 (-22.5%), from €36,860 to €28,584
of which Furniture and vehicles: -€8,008
- Current investments +€1,471
up €1,471 (+3.0%), from €48,275 to €49,746
- Reserves -€29,460
down €29,460 (-26.6%), from €110,802 to €81,342
of which Non-distributable reserves: -€27,288
- Other debts +€27,425
new in 2025: €27,425
- Profit (loss) carried forward -€5,373
new in 2025: -€5,373
- Gross operating margin -€8,458
down €8,458, from €8,000 to -€458
- Depreciation +€3,307
up €3,307 (+66.6%), from €4,969 to €8,277
- Financial charges +€2,158
up €2,158 (+72.9%), from -€2,960 to -€802
- Taxes -€1,427
down €1,427 (-89.6%), from €1,592 to €165
- Financial income +€140
up €140 (+11.9%), from €1,173 to €1,313
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 | €118,957 | €111,492 | -€7,465 | -6.3% |
| Fixed assets | 21/28 | €36,860 | €28,584 | -€8,277 | -22.5% |
| Tangible fixed assets | 22/27 | €36,860 | €28,584 | -€8,277 | -22.5% |
| Furniture and vehicles | 24 | €34,672 | €26,664 | -€8,008 | -23.1% |
| Other tangible fixed assets | 26 | €2,189 | €1,920 | -€269 | -12.3% |
| Current assets | 29/58 | €82,096 | €82,908 | +€812 | +1.0% |
| Amounts receivable within one year | 40/41 | €6,876 | €17,700 | +€10,824 | +157.4% |
| Other amounts receivable | 41 | €6,876 | €17,700 | +€10,824 | +157.4% |
| Current investments | 50/53 | €48,275 | €49,746 | +€1,471 | +3.0% |
| Cash at bank and in hand | 54/58 | €26,386 | €14,618 | -€11,768 | -44.6% |
| Deferred charges and accrued income | 490/1 | €559 | €844 | +€285 | +50.9% |
| Total equity and liabilities | 10/49 | €118,957 | €111,492 | -€7,465 | -6.3% |
| Equity | 10/15 | €117,157 | €82,324 | -€34,833 | -29.7% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Reserves | 13 | €110,802 | €81,342 | -€29,460 | -26.6% |
| Non-distributable reserves | 130/1 | €108,630 | €81,342 | -€27,288 | -25.1% |
| Other | 1319 | €108,630 | €81,342 | -€27,288 | -25.1% |
| Distributable reserves | 133 | €2,172 | - | -€2,172 | |
| Profit (loss) carried forward | 14 | - | -€5,373 | -€5,373 | |
| Amounts payable | 17/49 | €1,799 | €29,167 | +€27,368 | +1520.9% |
| Amounts payable within one year | 42/48 | €1,799 | €29,167 | +€27,368 | +1520.9% |
| Trade debts | 44 | €657 | €600 | -€57 | -8.7% |
| Suppliers | 440/4 | €657 | €600 | -€57 | -8.7% |
| Taxes, remuneration and social security | 45 | €1,142 | €1,142 | = | 0.0% |
| Taxes | 450/3 | €1,142 | €1,142 | = | 0.0% |
| Other amounts payable | 47/48 | - | €27,425 | +€27,425 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,969 | €8,277 | +€3,307 | +66.6% |
| Other operating charges | 640/8 | €585 | €544 | -€41 | -7.0% |
| Non-recurring operating charges | 66A | €63 | €217 | +€154 | +243.9% |
| Gross operating margin | 9900 | €8,000 | -€458 | -€8,458 | |
| Operating profit (loss) | 9901 | €2,382 | -€9,495 | -€11,878 | |
| Financial income | 75/76B | €1,173 | €1,313 | +€140 | +11.9% |
| Recurring financial income | 75 | €1,173 | €1,313 | +€140 | +11.9% |
| Financial charges | 65/66B | -€2,960 | -€802 | +€2,158 | +72.9% |
| Recurring financial charges | 65 | -€2,960 | -€802 | +€2,158 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €6,515 | -€7,380 | -€13,896 | |
| Income taxes | 67/77 | €1,592 | €165 | -€1,427 | -89.6% |
| Profit (loss) for the period | 9904 | €4,923 | -€7,545 | -€12,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,923 | -€7,545 | -€12,469 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.