ACTIVARIA: 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.
ACTIVARIA
Largest movements
- Tangible fixed assets -€4,269
down €4,269 (-24.3%), from €17,556 to €13,288
of which Land and buildings: -€2,801
- Receivables within one year -€3,294
down €3,294 (-80.5%), from €4,091 to €797
of which Other amounts receivable: -€3,294
- Reserves -€9,728
down €9,728 (-41.1%), from €23,647 to €13,920
of which Distributable reserves: -€9,728
- Other debts +€1,711
up €1,711 (+8.9%), from €19,199 to €20,910
- Gross operating margin -€289
down €289 (-6.5%), from -€4,477 to -€4,765
- Depreciation -€264
down €264 (-5.8%), from €4,533 to €4,269
- Other operating charges -€180
down €180 (-21.5%), from €840 to €660
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 | €56,369 | €48,262 | -€8,108 | -14.4% |
| Fixed assets | 21/28 | €17,556 | €13,288 | -€4,269 | -24.3% |
| Tangible fixed assets | 22/27 | €17,556 | €13,288 | -€4,269 | -24.3% |
| Land and buildings | 22 | €14,400 | €11,599 | -€2,801 | -19.5% |
| Plant, machinery and equipment | 23 | €2,247 | €1,383 | -€863 | -38.4% |
| Furniture and vehicles | 24 | €909 | €305 | -€605 | -66.5% |
| Current assets | 29/58 | €38,813 | €34,974 | -€3,839 | -9.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,091 | €797 | -€3,294 | -80.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,091 | €797 | -€3,294 | -80.5% |
| Cash at bank and in hand | 54/58 | €34,722 | €34,177 | -€546 | -1.6% |
| Total equity and liabilities | 10/49 | €56,369 | €48,262 | -€8,108 | -14.4% |
| Equity | 10/15 | €36,047 | €26,320 | -€9,728 | -27.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €23,647 | €13,920 | -€9,728 | -41.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €23,647 | €13,920 | -€9,728 | -41.1% |
| Amounts payable | 17/49 | €20,322 | €21,942 | +€1,620 | +8.0% |
| Amounts payable within one year | 42/48 | €20,322 | €21,942 | +€1,620 | +8.0% |
| Trade debts | 44 | €1,123 | €1,032 | -€91 | -8.1% |
| Suppliers | 440/4 | €1,123 | €1,032 | -€91 | -8.1% |
| Other amounts payable | 47/48 | €19,199 | €20,910 | +€1,711 | +8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,533 | €4,269 | -€264 | -5.8% |
| Other operating charges | 640/8 | €840 | €660 | -€180 | -21.5% |
| Gross operating margin | 9900 | -€4,477 | -€4,765 | -€289 | -6.5% |
| Operating profit (loss) | 9901 | -€9,849 | -€9,693 | +€156 | +1.6% |
| Financial income | 75/76B | €14 | €1 | -€13 | -89.7% |
| Recurring financial income | 75 | €14 | €1 | -€13 | -89.7% |
| Financial charges | 65/66B | €33 | €35 | +€2 | +7.1% |
| Recurring financial charges | 65 | €33 | €35 | +€2 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,868 | -€9,727 | +€141 | +1.4% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€9,868 | -€9,728 | +€140 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,868 | -€9,728 | +€140 | +1.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.