Active Ingredient: 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.
Active Ingredient
Largest movements
- Cash +€17,651
up €17,651 (+28.0%), from €62,938 to €80,589
mainly Net result for the year (+€29,410) and Other debts (+€16,647)
- Receivables within one year +€1,386
up €1,386 (+10.3%), from €13,476 to €14,862
of which Other amounts receivable: +€978
- Other debts +€16,647
up €16,647 (+118.8%), from €14,008 to €30,655
- Tax, wage and social debts +€3,832
up €3,832 (+28.9%), from €13,258 to €17,090
of which Remuneration and social security: +€3,966
- Trade debts -€1,830
down €1,830 (-61.8%), from €2,960 to €1,129
- Gross operating margin -€5,593
down €5,593 (-12.6%), from €44,536 to €38,943
- Taxes -€3,932
down €3,932 (-31.6%), from €12,454 to €8,522
- Depreciation -€606
down €606 (-59.2%), from €1,023 to €417
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 | €77,788 | €96,437 | +€18,649 | +24.0% |
| Fixed assets | 21/28 | €417 | - | -€417 | |
| Tangible fixed assets | 22/27 | €417 | - | -€417 | |
| Plant, machinery and equipment | 23 | €170 | - | -€170 | |
| Furniture and vehicles | 24 | €247 | - | -€247 | |
| Current assets | 29/58 | €77,371 | €96,437 | +€19,066 | +24.6% |
| Amounts receivable within one year | 40/41 | €13,476 | €14,862 | +€1,386 | +10.3% |
| Trade receivables | 40 | €13,476 | €13,885 | +€408 | +3.0% |
| Other amounts receivable | 41 | - | €978 | +€978 | |
| Cash at bank and in hand | 54/58 | €62,938 | €80,589 | +€17,651 | +28.0% |
| Deferred charges and accrued income | 490/1 | €956 | €986 | +€29 | +3.0% |
| Total equity and liabilities | 10/49 | €77,788 | €96,437 | +€18,649 | +24.0% |
| Equity | 10/15 | €47,562 | €47,562 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €41,562 | €41,562 | = | 0.0% |
| Distributable reserves | 133 | €41,562 | €41,562 | = | 0.0% |
| Amounts payable | 17/49 | €30,226 | €48,874 | +€18,649 | +61.7% |
| Amounts payable within one year | 42/48 | €30,226 | €48,874 | +€18,649 | +61.7% |
| Trade debts | 44 | €2,960 | €1,129 | -€1,830 | -61.8% |
| Suppliers | 440/4 | €2,960 | €1,129 | -€1,830 | -61.8% |
| Taxes, remuneration and social security | 45 | €13,258 | €17,090 | +€3,832 | +28.9% |
| Taxes | 450/3 | €13,258 | €13,124 | -€134 | -1.0% |
| Remuneration and social security | 454/9 | - | €3,966 | +€3,966 | |
| Other amounts payable | 47/48 | €14,008 | €30,655 | +€16,647 | +118.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,023 | €417 | -€606 | -59.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €44,536 | €38,943 | -€5,593 | -12.6% |
| Operating profit (loss) | 9901 | €43,126 | €38,126 | -€5,000 | -11.6% |
| Financial charges | 65/66B | €220 | €194 | -€26 | -11.9% |
| Recurring financial charges | 65 | €220 | €194 | -€26 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €42,906 | €37,932 | -€4,974 | -11.6% |
| Income taxes | 67/77 | €12,454 | €8,522 | -€3,932 | -31.6% |
| Profit (loss) for the period | 9904 | €30,451 | €29,410 | -€1,041 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,451 | €29,410 | -€1,041 | -3.4% |
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 9 October 2026 via checked.be.