ACTIZEL: 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.
ACTIZEL
Largest movements
- Receivables within one year +€11,895
up €11,895 (+96.0%), from €12,395 to €24,290
- Deferred charges and accrued income +€3,125
up €3,125 (+24.9%), from €12,539 to €15,664
- Tangible fixed assets -€2,250
down €2,250 (-20.0%), from €11,250 to €9,000
- Profit (loss) carried forward +€6,354
up €6,354 (+18.2%), from €34,992 to €41,346
- Other debts +€3,500
new in 2025: €3,500
- Tax, wage and social debts +€2,540
up €2,540 (+153.3%), from €1,657 to €4,197
- Purchases and services +€142,091
new in 2025: €142,091
- Staff costs +€13,443
up €13,443 (+118.0%), from €11,392 to €24,835
- Taxes +€3,169
up €3,169 (+123.5%), from €2,567 to €5,736
- Gross operating margin -€2,184
down €2,184 (-1.9%), from €112,363 to €110,179
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 | €42,883 | €55,243 | +€12,360 | +28.8% |
| Fixed assets | 21/28 | €17,949 | €15,259 | -€2,690 | -15.0% |
| Intangible fixed assets | 21 | €2,199 | €1,759 | -€440 | -20.0% |
| Tangible fixed assets | 22/27 | €11,250 | €9,000 | -€2,250 | -20.0% |
| Furniture and vehicles | 24 | €11,250 | €9,000 | -€2,250 | -20.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €24,934 | €39,984 | +€15,050 | +60.4% |
| Amounts receivable within one year | 40/41 | €12,395 | €24,290 | +€11,895 | +96.0% |
| Other amounts receivable | 41 | €12,395 | €24,290 | +€11,895 | +96.0% |
| Cash at bank and in hand | 54/58 | - | €30 | +€30 | |
| Deferred charges and accrued income | 490/1 | €12,539 | €15,664 | +€3,125 | +24.9% |
| Total equity and liabilities | 10/49 | €42,883 | €55,243 | +€12,360 | +28.8% |
| Equity | 10/15 | €41,192 | €47,546 | +€6,354 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,992 | €41,346 | +€6,354 | +18.2% |
| Amounts payable | 17/49 | €1,691 | €7,697 | +€6,006 | +355.2% |
| Amounts payable within one year | 42/48 | €1,691 | €7,697 | +€6,006 | +355.2% |
| Financial debts | 43 | €34 | - | -€34 | |
| Credit institutions | 430/8 | €34 | - | -€34 | |
| Taxes, remuneration and social security | 45 | €1,657 | €4,197 | +€2,540 | +153.3% |
| Remuneration and social security | 454/9 | €1,657 | €4,197 | +€2,540 | +153.3% |
| Other amounts payable | 47/48 | - | €3,500 | +€3,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €142,091 | +€142,091 | |
| Remuneration, social security and pensions | 62 | €11,392 | €24,835 | +€13,443 | +118.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,390 | €2,690 | +€300 | +12.6% |
| Other operating charges | 640/8 | €500 | - | -€500 | |
| Gross operating margin | 9900 | €112,363 | €110,179 | -€2,184 | -1.9% |
| Operating profit (loss) | 9901 | €98,081 | €82,654 | -€15,427 | -15.7% |
| Financial charges | 65/66B | €669 | €414 | -€255 | -38.1% |
| Recurring financial charges | 65 | €669 | €414 | -€255 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €97,412 | €82,240 | -€15,172 | -15.6% |
| Income taxes | 67/77 | €2,567 | €5,736 | +€3,169 | +123.5% |
| Profit (loss) for the period | 9904 | €94,845 | €76,504 | -€18,341 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €94,845 | €76,504 | -€18,341 | -19.3% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.