Activerse: 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.
Activerse
Largest movements
- Cash +€57,320
up €57,320 (+90.7%), from €63,181 to €120,501
mainly Net result for the year (+€57,487) and Accrued charges and deferred income (+€19,320)
- Receivables within one year +€26,813
up €26,813 (+261.3%), from €10,262 to €37,076
of which Trade receivables: +€22,932
- Tangible fixed assets -€11,337
down €11,337 (-26.2%), from €43,209 to €31,873
of which Furniture and vehicles: -€6,153
- Profit (loss) carried forward +€57,487
up €57,487 (+87.2%), from €65,899 to €123,386
- Accrued charges and deferred income +€19,320
new in 2025: €19,320
- Tax, wage and social debts -€4,018
down €4,018 (-29.5%), from €13,618 to €9,601
of which Taxes: -€4,018
- Gross operating margin +€14,006
up €14,006 (+18.3%), from €76,379 to €90,385
- Other operating charges -€5,283
down €5,283 (-86.6%), from €6,100 to €817
- Taxes +€3,392
up €3,392 (+24.4%), from €13,884 to €17,277
- Financial charges +€1,951
up €1,951 (+2874.9%), from €68 to €2,019
- Depreciation +€1,782
up €1,782 (+16.2%), from €11,003 to €12,786
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 | €117,934 | €190,849 | +€72,915 | +61.8% |
| Fixed assets | 21/28 | €43,209 | €31,873 | -€11,337 | -26.2% |
| Tangible fixed assets | 22/27 | €43,209 | €31,873 | -€11,337 | -26.2% |
| Plant, machinery and equipment | 23 | €17,603 | €12,419 | -€5,184 | -29.4% |
| Furniture and vehicles | 24 | €25,607 | €19,454 | -€6,153 | -24.0% |
| Current assets | 29/58 | €74,724 | €158,976 | +€84,252 | +112.7% |
| Amounts receivable within one year | 40/41 | €10,262 | €37,076 | +€26,813 | +261.3% |
| Trade receivables | 40 | €9,897 | €32,829 | +€22,932 | +231.7% |
| Other amounts receivable | 41 | €365 | €4,247 | +€3,881 | +1062.2% |
| Cash at bank and in hand | 54/58 | €63,181 | €120,501 | +€57,320 | +90.7% |
| Deferred charges and accrued income | 490/1 | €1,281 | €1,399 | +€118 | +9.2% |
| Total equity and liabilities | 10/49 | €117,934 | €190,849 | +€72,915 | +61.8% |
| Equity | 10/15 | €68,399 | €125,886 | +€57,487 | +84.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,899 | €123,386 | +€57,487 | +87.2% |
| Amounts payable | 17/49 | €49,534 | €64,962 | +€15,428 | +31.1% |
| Amounts payable after more than one year | 17 | €33,900 | €33,900 | = | 0.0% |
| Financial debts | 170/4 | €33,900 | €33,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,634 | €11,742 | -€3,892 | -24.9% |
| Trade debts | 44 | €595 | €1,270 | +€675 | +113.5% |
| Suppliers | 440/4 | €595 | €1,270 | +€675 | +113.5% |
| Advances received on contracts in progress | 46 | €430 | €872 | +€442 | +102.8% |
| Taxes, remuneration and social security | 45 | €13,618 | €9,601 | -€4,018 | -29.5% |
| Taxes | 450/3 | €11,430 | €7,412 | -€4,018 | -35.2% |
| Remuneration and social security | 454/9 | €2,188 | €2,188 | = | 0.0% |
| Other amounts payable | 47/48 | €991 | €0 | -€991 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €19,320 | +€19,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,003 | €12,786 | +€1,782 | +16.2% |
| Other operating charges | 640/8 | €6,100 | €817 | -€5,283 | -86.6% |
| Gross operating margin | 9900 | €76,379 | €90,385 | +€14,006 | +18.3% |
| Operating profit (loss) | 9901 | €59,277 | €76,783 | +€17,506 | +29.5% |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €68 | €2,019 | +€1,951 | +2874.9% |
| Recurring financial charges | 65 | €68 | €2,019 | +€1,951 | +2874.9% |
| Profit (loss) for the period before taxes | 9903 | €59,233 | €74,764 | +€15,531 | +26.2% |
| Income taxes | 67/77 | €13,884 | €17,277 | +€3,392 | +24.4% |
| Profit (loss) for the period | 9904 | €45,349 | €57,487 | +€12,138 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €45,349 | €57,487 | +€12,138 | +26.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.