ACTIVEX: 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.
ACTIVEX
Largest movements
- Receivables within one year -€7,143
down €7,143 (-54.2%), from €13,177 to €6,035
of which Trade receivables: -€8,818
- Tangible fixed assets -€6,309
down €6,309 (-13.7%), from €45,991 to €39,682
of which Furniture and vehicles: -€12,232
- Cash -€6,091
down €6,091 (-79.0%), from €7,714 to €1,623
mainly Net result for the year (-€53,400) and Investment in fixed assets (net) (-€8,326)
- Deferred charges and accrued income -€854
down €854 (-60.8%), from €1,404 to €550
- Profit (loss) carried forward -€53,400
down €53,400, from €326 to -€53,074
- Other debts +€26,215
up €26,215 (+190.8%), from €13,741 to €39,955
- Trade debts +€13,823
up €13,823 (+114.0%), from €12,129 to €25,952
- Tax, wage and social debts -€7,034
down €7,034 (-30.4%), from €23,174 to €16,140
of which Taxes: -€7,034
- Gross operating margin -€71,819
down €71,819, from €34,980 to -€36,839
- Taxes -€8,107
down €8,107 (-88.9%), from €9,124 to €1,016
- Other operating charges -€688
down €688 (-50.5%), from €1,362 to €675
- Depreciation +€578
up €578 (+4.1%), from €14,057 to €14,635
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 | €68,286 | €47,889 | -€20,397 | -29.9% |
| Fixed assets | 21/28 | €45,991 | €39,682 | -€6,309 | -13.7% |
| Tangible fixed assets | 22/27 | €45,991 | €39,682 | -€6,309 | -13.7% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €6,670 | €12,593 | +€5,923 | +88.8% |
| Furniture and vehicles | 24 | €39,321 | €27,089 | -€12,232 | -31.1% |
| Current assets | 29/58 | €22,296 | €8,208 | -€14,088 | -63.2% |
| Amounts receivable within one year | 40/41 | €13,177 | €6,035 | -€7,143 | -54.2% |
| Trade receivables | 40 | €12,656 | €3,838 | -€8,818 | -69.7% |
| Other amounts receivable | 41 | €522 | €2,196 | +€1,675 | +321.2% |
| Cash at bank and in hand | 54/58 | €7,714 | €1,623 | -€6,091 | -79.0% |
| Deferred charges and accrued income | 490/1 | €1,404 | €550 | -€854 | -60.8% |
| Total equity and liabilities | 10/49 | €68,286 | €47,889 | -€20,397 | -29.9% |
| Equity | 10/15 | €19,242 | -€34,158 | -€53,400 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €316 | €316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €316 | €316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €316 | €316 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326 | -€53,074 | -€53,400 | |
| Amounts payable | 17/49 | €49,044 | €82,048 | +€33,004 | +67.3% |
| Amounts payable within one year | 42/48 | €49,044 | €82,048 | +€33,004 | +67.3% |
| Trade debts | 44 | €12,129 | €25,952 | +€13,823 | +114.0% |
| Suppliers | 440/4 | €12,129 | €25,952 | +€13,823 | +114.0% |
| Taxes, remuneration and social security | 45 | €23,174 | €16,140 | -€7,034 | -30.4% |
| Taxes | 450/3 | €17,174 | €10,140 | -€7,034 | -41.0% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €13,741 | €39,955 | +€26,215 | +190.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,057 | €14,635 | +€578 | +4.1% |
| Other operating charges | 640/8 | €1,362 | €675 | -€688 | -50.5% |
| Gross operating margin | 9900 | €34,980 | -€36,839 | -€71,819 | |
| Operating profit (loss) | 9901 | €19,561 | -€52,149 | -€71,710 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €138 | €236 | +€98 | +71.1% |
| Recurring financial charges | 65 | €138 | €236 | +€98 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €19,423 | -€52,384 | -€71,806 | |
| Income taxes | 67/77 | €9,124 | €1,016 | -€8,107 | -88.9% |
| Profit (loss) for the period | 9904 | €10,299 | -€53,400 | -€63,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,299 | -€53,400 | -€63,699 |
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 30 September 2026 via checked.be.