ACTIVE CONCEPT: 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.
ACTIVE CONCEPT
Largest movements
- Receivables within one year -€86,372
down €86,372 (-78.9%), from €109,422 to €23,050
of which Other amounts receivable: -€94,564
- Financial fixed assets -€28,194
down €28,194 (-45.9%), from €61,394 to €33,200
- Cash -€24,844
down €24,844 (-70.2%), from €35,400 to €10,556
mainly Short-term financial debts (-€76,000) and Other debts (-€64,436)
- Tangible fixed assets +€19,604
up €19,604 (+3.1%), from €642,116 to €661,720
of which Furniture and vehicles: +€36,256
- Short-term financial debts -€76,000
down €76,000 (-73.8%), from €103,000 to €27,000
- Other debts -€64,436
down €64,436 (-71.2%), from €90,446 to €26,010
- Reserves +€28,551
up €28,551 (+11.3%), from €252,365 to €280,916
- Debts after one year -€15,508
down €15,508 (-4.6%), from €338,211 to €322,703
- Depreciation -€46,809
down €46,809 (-61.4%), from €76,293 to €29,484
- Taxes +€15,362
up €15,362 (+7485.7%), from €205 to €15,567
- Gross operating margin +€4,396
up €4,396 (+4.9%), from €90,458 to €94,854
- Financial charges +€2,712
up €2,712 (+21.7%), from €12,517 to €15,229
- Other operating charges +€1,321
up €1,321 (+52.3%), from €2,526 to €3,848
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 | €850,080 | €730,989 | -€119,091 | -14.0% |
| Fixed assets | 21/28 | €703,510 | €694,920 | -€8,590 | -1.2% |
| Tangible fixed assets | 22/27 | €642,116 | €661,720 | +€19,604 | +3.1% |
| Land and buildings | 22 | €575,978 | €557,566 | -€18,412 | -3.2% |
| Plant, machinery and equipment | 23 | €594 | €2,353 | +€1,760 | +296.5% |
| Furniture and vehicles | 24 | €65,545 | €101,801 | +€36,256 | +55.3% |
| Financial fixed assets | 28 | €61,394 | €33,200 | -€28,194 | -45.9% |
| Current assets | 29/58 | €146,571 | €36,069 | -€110,502 | -75.4% |
| Amounts receivable within one year | 40/41 | €109,422 | €23,050 | -€86,372 | -78.9% |
| Trade receivables | 40 | €1,499 | €9,690 | +€8,192 | +546.6% |
| Other amounts receivable | 41 | €107,924 | €13,360 | -€94,564 | -87.6% |
| Cash at bank and in hand | 54/58 | €35,400 | €10,556 | -€24,844 | -70.2% |
| Deferred charges and accrued income | 490/1 | €1,748 | €2,463 | +€715 | +40.9% |
| Total equity and liabilities | 10/49 | €850,080 | €730,989 | -€119,091 | -14.0% |
| Equity | 10/15 | €276,070 | €305,706 | +€29,635 | +10.7% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €252,365 | €280,916 | +€28,551 | +11.3% |
| Distributable reserves | 133 | €252,365 | €280,916 | +€28,551 | +11.3% |
| Profit (loss) carried forward | 14 | -€1,084 | - | +€1,084 | |
| Amounts payable | 17/49 | €574,010 | €425,283 | -€148,727 | -25.9% |
| Amounts payable after more than one year | 17 | €338,211 | €322,703 | -€15,508 | -4.6% |
| Financial debts | 170/4 | €338,211 | €322,703 | -€15,508 | -4.6% |
| Amounts payable within one year | 42/48 | €235,799 | €102,581 | -€133,219 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €34,242 | €33,906 | -€336 | -1.0% |
| Financial debts | 43 | €103,000 | €27,000 | -€76,000 | -73.8% |
| Credit institutions | 430/8 | €103,000 | €27,000 | -€76,000 | -73.8% |
| Trade debts | 44 | - | €3,917 | +€3,917 | |
| Suppliers | 440/4 | - | €3,917 | +€3,917 | |
| Taxes, remuneration and social security | 45 | €8,111 | €11,748 | +€3,636 | +44.8% |
| Taxes | 450/3 | €8,111 | €11,748 | +€3,636 | +44.8% |
| Other amounts payable | 47/48 | €90,446 | €26,010 | -€64,436 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,293 | €29,484 | -€46,809 | -61.4% |
| Other operating charges | 640/8 | €2,526 | €3,848 | +€1,321 | +52.3% |
| Non-recurring operating charges | 66A | - | €1,100 | +€1,100 | |
| Gross operating margin | 9900 | €90,458 | €94,854 | +€4,396 | +4.9% |
| Operating profit (loss) | 9901 | €11,638 | €60,423 | +€48,785 | +419.2% |
| Financial income | 75/76B | €0 | €9 | +€9 | +2177.5% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +2177.5% |
| Financial charges | 65/66B | €12,517 | €15,229 | +€2,712 | +21.7% |
| Recurring financial charges | 65 | €12,517 | €15,229 | +€2,712 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€879 | €45,203 | +€46,081 | |
| Income taxes | 67/77 | €205 | €15,567 | +€15,362 | +7485.7% |
| Profit (loss) for the period | 9904 | -€1,084 | €29,635 | +€30,719 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,084 | €29,635 | +€30,719 |
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 6 October 2026 via checked.be.