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 +€4,951
up €4,951 (+17.2%), from €28,843 to €33,795
mainly Receivables within one year (+€3,983) and Net result for the year (+€2,074)
- Receivables within one year -€3,983
down €3,983 (-28.8%), from €13,841 to €9,858
of which Trade receivables: -€5,052
- Reserves +€2,074
up €2,074 (+16.5%), from €12,551 to €14,625
of which Distributable reserves: +€2,074
- Accrued charges and deferred income -€730
down €730 (-96.1%), from €760 to €30
- Tax, wage and social debts -€652
down €652 (-25.4%), from €2,562 to €1,910
- Trade debts +€463
up €463 (+42.9%), from €1,080 to €1,542
- Gross operating margin -€5,134
down €5,134 (-49.2%), from €10,440 to €5,306
- Turnover -€2,375
down €2,375 (-18.0%), from €13,200 to €10,825
- Taxes -€992
down €992 (-45.8%), from €2,166 to €1,174
- Financial charges -€731
down €731 (-91.6%), from €797 to €67
- Depreciation -€601
down €601 (-44.2%), from €1,362 to €761
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 | €44,785 | €45,939 | +€1,154 | +2.6% |
| Fixed assets | 21/28 | €2,000 | €1,815 | -€185 | -9.3% |
| Tangible fixed assets | 22/27 | €2,000 | €1,815 | -€185 | -9.3% |
| Land and buildings | 22 | €1,266 | €954 | -€313 | -24.7% |
| Plant, machinery and equipment | 23 | €665 | €345 | -€320 | -48.1% |
| Furniture and vehicles | 24 | €66 | €516 | +€450 | +679% |
| Other tangible fixed assets | 26 | €2 | €0 | -€2 | -100% |
| Current assets | 29/58 | €42,785 | €44,125 | +€1,339 | +3.1% |
| Amounts receivable within one year | 40/41 | €13,841 | €9,858 | -€3,983 | -28.8% |
| Trade receivables | 40 | €11,206 | €6,154 | -€5,052 | -45.1% |
| Other amounts receivable | 41 | €2,635 | €3,704 | +€1,069 | +40.6% |
| Cash at bank and in hand | 54/58 | €28,843 | €33,795 | +€4,951 | +17.2% |
| Deferred charges and accrued income | 490/1 | €100 | €471 | +€371 | +370% |
| Total equity and liabilities | 10/49 | €44,785 | €45,939 | +€1,154 | +2.6% |
| Equity | 10/15 | €39,884 | €41,957 | +€2,074 | +5.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €12,551 | €14,625 | +€2,074 | +16.5% |
| Tax-exempt reserves | 132 | €188 | €188 | = | 0.0% |
| Distributable reserves | 133 | €12,363 | €14,437 | +€2,074 | +16.8% |
| Profit (loss) carried forward | 14 | €6,881 | €6,881 | = | 0.0% |
| Amounts payable | 17/49 | €4,901 | €3,982 | -€919 | -18.8% |
| Amounts payable after more than one year | 17 | €500 | €500 | = | 0.0% |
| Financial debts | 170/4 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,641 | €3,452 | -€189 | -5.2% |
| Trade debts | 44 | €1,080 | €1,542 | +€463 | +42.9% |
| Suppliers | 440/4 | €1,080 | €1,542 | +€463 | +42.9% |
| Taxes, remuneration and social security | 45 | €2,562 | €1,910 | -€652 | -25.4% |
| Taxes | 450/3 | €2,562 | €1,910 | -€652 | -25.4% |
| Accrued charges and deferred income | 492/3 | €760 | €30 | -€730 | -96.1% |
| Turnover | 70 | €13,200 | €10,825 | -€2,375 | -18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,108 | €5,519 | +€410 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,362 | €761 | -€601 | -44.2% |
| Other operating charges | 640/8 | €1,302 | €1,319 | +€17 | +1.3% |
| Non-recurring operating charges | 66A | - | €27 | +€27 | |
| Gross operating margin | 9900 | €10,440 | €5,306 | -€5,134 | -49.2% |
| Operating profit (loss) | 9901 | €7,776 | €3,199 | -€4,576 | -58.9% |
| Financial income | 75/76B | €72 | €115 | +€43 | +60.2% |
| Recurring financial income | 75 | €72 | €115 | +€43 | +60.2% |
| Financial charges | 65/66B | €797 | €67 | -€731 | -91.6% |
| Recurring financial charges | 65 | €797 | €67 | -€731 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €7,050 | €3,248 | -€3,802 | -53.9% |
| Income taxes | 67/77 | €2,166 | €1,174 | -€992 | -45.8% |
| Profit (loss) for the period | 9904 | €4,884 | €2,074 | -€2,811 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,884 | €2,074 | -€2,811 | -57.5% |
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 17 October 2026 via checked.be.