ACTIVIX: 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.
ACTIVIX
Largest movements
- Cash -€536,962
down €536,962 (-20.4%), from €2.6m to €2.1m
mainly Other debts (-€1.6m) and Contributions, distributions and other (-€426,000)
- Receivables within one year -€215,938
down €215,938 (-97.5%), from €221,514 to €5,576
of which Other amounts receivable: -€134,851
- Financial fixed assets -€204,750
down €204,750 (-97.5%), from €210,000 to €5,250
- Other debts -€1.6m
no longer reported in 2025 (was €1.6m)
- Reserves +€1.4m
up €1.4m (+136%), from €1.0m to €2.4m
- Contributions -€426,000
down €426,000 (-95.1%), from €448,000 to €22,000
- Trade debts -€382,505
down €382,505 (-99.9%), from €383,012 to €507
- Tax, wage and social debts +€70,069
new in 2025: €70,069
- Gross operating margin +€615,848
up €615,848 (+44.7%), from €1.4m to €2.0m
- Taxes +€281,821
up €281,821 (+79.8%), from €353,109 to €634,930
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 | €3,058,866 | €2,101,216 | -€957,650 | -31.3% |
| Fixed assets | 21/28 | €210,000 | €5,250 | -€204,750 | -97.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Financial fixed assets | 28 | €210,000 | €5,250 | -€204,750 | -97.5% |
| Current assets | 29/58 | €2,848,866 | €2,095,966 | -€752,900 | -26.4% |
| Amounts receivable within one year | 40/41 | €221,514 | €5,576 | -€215,938 | -97.5% |
| Trade receivables | 40 | €86,663 | €5,576 | -€81,087 | -93.6% |
| Other amounts receivable | 41 | €134,851 | - | -€134,851 | |
| Cash at bank and in hand | 54/58 | €2,627,352 | €2,090,390 | -€536,962 | -20.4% |
| Total equity and liabilities | 10/49 | €3,058,866 | €2,101,216 | -€957,650 | -31.3% |
| Equity | 10/15 | €1,095,854 | €2,030,640 | +€934,786 | +85.3% |
| Contributions | 10/11 | €448,000 | €22,000 | -€426,000 | -95.1% |
| Capital | 10 | €448,000 | €22,000 | -€426,000 | -95.1% |
| Issued capital | 100 | €448,000 | €22,000 | -€426,000 | -95.1% |
| Reserves | 13 | €1,000,000 | €2,360,000 | +€1.4m | +136% |
| Distributable reserves | 133 | €1,000,000 | €2,360,000 | +€1.4m | +136% |
| Profit (loss) carried forward | 14 | -€352,146 | -€351,360 | +€786 | +0.2% |
| Amounts payable | 17/49 | €1,963,012 | €70,576 | -€1.9m | -96.4% |
| Amounts payable within one year | 42/48 | €1,963,012 | €70,576 | -€1.9m | -96.4% |
| Trade debts | 44 | €383,012 | €507 | -€382,505 | -99.9% |
| Suppliers | 440/4 | €383,012 | €507 | -€382,505 | -99.9% |
| Taxes, remuneration and social security | 45 | - | €70,069 | +€70,069 | |
| Taxes | 450/3 | - | €70,069 | +€70,069 | |
| Other amounts payable | 47/48 | €1,580,000 | - | -€1.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €746 | - | -€746 | |
| Other operating charges | 640/8 | €9,743 | €1,232 | -€8,511 | -87.4% |
| Gross operating margin | 9900 | €1,376,602 | €1,992,450 | +€615,848 | +44.7% |
| Operating profit (loss) | 9901 | €1,366,113 | €1,991,218 | +€625,105 | +45.8% |
| Financial income | 75/76B | €3 | €4,716 | +€4,713 | +157,100% |
| Recurring financial income | 75 | €3 | €4,716 | +€4,713 | +157,100% |
| Non-recurring financial income | 76B | €3 | - | -€3 | |
| Financial charges | 65/66B | €68 | €218 | +€150 | +221% |
| Recurring financial charges | 65 | €68 | €218 | +€150 | +221% |
| Non-recurring financial charges | 66B | €68 | €218 | +€150 | +221% |
| Profit (loss) for the period before taxes | 9903 | €1,366,048 | €1,995,716 | +€629,668 | +46.1% |
| Income taxes | 67/77 | €353,109 | €634,930 | +€281,821 | +79.8% |
| Profit (loss) for the period | 9904 | €1,012,939 | €1,360,786 | +€347,847 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,012,939 | €1,360,786 | +€347,847 | +34.3% |
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.