ACTIVE INVEST: 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 INVEST
Largest movements
- Tangible fixed assets -€77,149
down €77,149 (-5.2%), from €1.5m to €1.4m
of which Land and buildings: -€43,315
- Other debts -€46,496
down €46,496 (-6.2%), from €754,495 to €707,998
- Debts after one year -€38,011
down €38,011 (-6.6%), from €572,184 to €534,173
- Gross operating margin +€46,853
up €46,853 (+79.4%), from €59,013 to €105,866
- Depreciation +€8,763
up €8,763 (+12.8%), from €68,386 to €77,149
- Financial charges +€2,328
up €2,328 (+12.8%), from €18,206 to €20,533
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 | €1,494,874 | €1,403,993 | -€90,881 | -6.1% |
| Fixed assets | 21/28 | €1,472,350 | €1,395,201 | -€77,149 | -5.2% |
| Tangible fixed assets | 22/27 | €1,472,350 | €1,395,201 | -€77,149 | -5.2% |
| Land and buildings | 22 | €940,913 | €897,598 | -€43,315 | -4.6% |
| Plant, machinery and equipment | 23 | €3,190 | €2,476 | -€715 | -22.4% |
| Furniture and vehicles | 24 | €5,743 | €3,533 | -€2,210 | -38.5% |
| Other tangible fixed assets | 26 | €522,503 | €491,594 | -€30,909 | -5.9% |
| Current assets | 29/58 | €22,524 | €8,792 | -€13,732 | -61.0% |
| Amounts receivable within one year | 40/41 | €8,349 | €1,210 | -€7,139 | -85.5% |
| Trade receivables | 40 | €8,349 | €1,210 | -€7,139 | -85.5% |
| Cash at bank and in hand | 54/58 | €13,156 | €7,582 | -€5,574 | -42.4% |
| Deferred charges and accrued income | 490/1 | €1,019 | - | -€1,019 | |
| Total equity and liabilities | 10/49 | €1,494,874 | €1,403,993 | -€90,881 | -6.1% |
| Equity | 10/15 | €89,657 | €95,309 | +€5,653 | +6.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,197 | €52,849 | +€5,653 | +12.0% |
| Amounts payable | 17/49 | €1,405,218 | €1,308,684 | -€96,534 | -6.9% |
| Amounts payable after more than one year | 17 | €572,184 | €534,173 | -€38,011 | -6.6% |
| Financial debts | 170/4 | €572,184 | €534,173 | -€38,011 | -6.6% |
| Amounts payable within one year | 42/48 | €833,034 | €774,511 | -€58,523 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €37,034 | €38,011 | +€977 | +2.6% |
| Trade debts | 44 | €33,190 | €25,860 | -€7,330 | -22.1% |
| Suppliers | 440/4 | €33,190 | €25,860 | -€7,330 | -22.1% |
| Taxes, remuneration and social security | 45 | €8,315 | €2,641 | -€5,674 | -68.2% |
| Taxes | 450/3 | €8,315 | €2,641 | -€5,674 | -68.2% |
| Other amounts payable | 47/48 | €754,495 | €707,998 | -€46,496 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,386 | €77,149 | +€8,763 | +12.8% |
| Other operating charges | 640/8 | €1,681 | €2,531 | +€850 | +50.6% |
| Gross operating margin | 9900 | €59,013 | €105,866 | +€46,853 | +79.4% |
| Operating profit (loss) | 9901 | -€11,054 | €26,186 | +€37,241 | |
| Financial charges | 65/66B | €18,206 | €20,533 | +€2,328 | +12.8% |
| Recurring financial charges | 65 | €18,206 | €20,533 | +€2,328 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,260 | €5,653 | +€34,913 | |
| Income taxes | 67/77 | €75 | - | -€75 | |
| Profit (loss) for the period | 9904 | -€29,335 | €5,653 | +€34,988 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,335 | €5,653 | +€34,988 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.