ACTIVIOR: 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.
ACTIVIOR
Largest movements
- Receivables within one year +€56,011
up €56,011 (+127%), from €44,006 to €100,017
- Cash +€51,092
up €51,092 (+780%), from €6,552 to €57,644
mainly Net result for the year (+€96,077) and Investment in fixed assets (net) (+€17,731)
- Financial fixed assets -€17,731
down €17,731 (-2.5%), from €707,592 to €689,861
- Profit (loss) carried forward +€96,077
up €96,077 (+44.9%), from -€213,908 to -€117,832
- Accrued charges and deferred income -€11,816
down €11,816 (-94.0%), from €12,565 to €749
- Financial income +€623,309
up €623,309 (+2,058%), from €30,286 to €653,594
of which Non-recurring financial income: +€540,000
- Financial charges +€250,198
up €250,198 (+74.2%), from €337,383 to €587,582
of which Non-recurring financial charges: +€250,000
- Other operating charges -€3,798
down €3,798 (-77.0%), from €4,933 to €1,135
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 | €765,657 | €851,446 | +€85,789 | +11.2% |
| Fixed assets | 21/28 | €707,592 | €689,861 | -€17,731 | -2.5% |
| Financial fixed assets | 28 | €707,592 | €689,861 | -€17,731 | -2.5% |
| Current assets | 29/58 | €58,065 | €161,585 | +€103,520 | +178% |
| Amounts receivable within one year | 40/41 | €44,006 | €100,017 | +€56,011 | +127% |
| Other amounts receivable | 41 | €44,006 | €100,017 | +€56,011 | +127% |
| Cash at bank and in hand | 54/58 | €6,552 | €57,644 | +€51,092 | +780% |
| Deferred charges and accrued income | 490/1 | €7,507 | €3,923 | -€3,584 | -47.7% |
| Total equity and liabilities | 10/49 | €765,657 | €851,446 | +€85,789 | +11.2% |
| Equity | 10/15 | -€188,908 | -€92,832 | +€96,077 | +50.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,908 | -€117,832 | +€96,077 | +44.9% |
| Amounts payable | 17/49 | €954,565 | €944,277 | -€10,288 | -1.1% |
| Amounts payable after more than one year | 17 | €942,000 | €942,000 | = | 0.0% |
| Financial debts | 170/4 | €942,000 | €942,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | - | €1,529 | +€1,529 | |
| Trade debts | 44 | - | €535 | +€535 | |
| Suppliers | 440/4 | - | €535 | +€535 | |
| Taxes, remuneration and social security | 45 | - | €994 | +€994 | |
| Taxes | 450/3 | - | €994 | +€994 | |
| Accrued charges and deferred income | 492/3 | €12,565 | €749 | -€11,816 | -94.0% |
| Other operating charges | 640/8 | €4,933 | €1,135 | -€3,798 | -77.0% |
| Gross operating margin | 9900 | €31,069 | €31,199 | +€130 | +0.4% |
| Operating profit (loss) | 9901 | €26,136 | €30,064 | +€3,928 | +15.0% |
| Financial income | 75/76B | €30,286 | €653,594 | +€623,309 | +2,058% |
| Recurring financial income | 75 | €30,286 | €113,594 | +€83,309 | +275% |
| Non-recurring financial income | 76B | - | €540,000 | +€540,000 | |
| Financial charges | 65/66B | €337,383 | €587,582 | +€250,198 | +74.2% |
| Recurring financial charges | 65 | €47,383 | €47,582 | +€198 | +0.4% |
| Non-recurring financial charges | 66B | €290,000 | €540,000 | +€250,000 | +86.2% |
| Profit (loss) for the period before taxes | 9903 | -€280,961 | €96,077 | +€377,038 | |
| Profit (loss) for the period | 9904 | -€280,961 | €96,077 | +€377,038 | |
| Profit (loss) for the period to be appropriated | 9905 | -€280,961 | €96,077 | +€377,038 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.