ACTM: 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.
ACTM
Largest movements
- Cash +€83,516
up €83,516 (+31.7%), from €263,846 to €347,362
mainly Net result for the year (+€97,386) and Other debts (+€25,379)
- Deferred charges and accrued income +€17,594
up €17,594 (+724.5%), from €2,429 to €20,023
- Tangible fixed assets -€12,122
down €12,122 (-62.1%), from €19,533 to €7,411
- Reserves +€97,386
up €97,386 (+59.8%), from €162,962 to €260,348
- Profit (loss) carried forward -€40,000
down €40,000 (-78.0%), from €51,274 to €11,274
- Other debts +€25,379
up €25,379 (+175.5%), from €14,462 to €39,842
- Tax, wage and social debts +€5,112
up €5,112 (+8.1%), from €63,268 to €68,380
of which Taxes: +€3,897
- Trade debts +€4,316
up €4,316 (+1169.2%), from €369 to €4,686
- Depreciation -€5,529
down €5,529 (-68.0%), from €8,128 to €2,599
- Taxes +€5,149
up €5,149 (+12.3%), from €41,782 to €46,931
- Gross operating margin -€3,316
down €3,316 (-1.8%), from €188,556 to €185,240
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 | €301,044 | €390,032 | +€88,989 | +29.6% |
| Fixed assets | 21/28 | €19,769 | €7,647 | -€12,122 | -61.3% |
| Tangible fixed assets | 22/27 | €19,533 | €7,411 | -€12,122 | -62.1% |
| Furniture and vehicles | 24 | €19,533 | €7,411 | -€12,122 | -62.1% |
| Financial fixed assets | 28 | €235 | €235 | = | 0.0% |
| Current assets | 29/58 | €281,275 | €382,385 | +€101,110 | +35.9% |
| Amounts receivable within one year | 40/41 | €15,000 | €15,000 | = | 0.0% |
| Trade receivables | 40 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €263,846 | €347,362 | +€83,516 | +31.7% |
| Deferred charges and accrued income | 490/1 | €2,429 | €20,023 | +€17,594 | +724.5% |
| Total equity and liabilities | 10/49 | €301,044 | €390,032 | +€88,989 | +29.6% |
| Equity | 10/15 | €219,236 | €276,622 | +€57,386 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,962 | €260,348 | +€97,386 | +59.8% |
| Distributable reserves | 133 | €162,962 | €260,348 | +€97,386 | +59.8% |
| Profit (loss) carried forward | 14 | €51,274 | €11,274 | -€40,000 | -78.0% |
| Amounts payable | 17/49 | €81,808 | €113,410 | +€31,603 | +38.6% |
| Amounts payable within one year | 42/48 | €80,932 | €112,907 | +€31,976 | +39.5% |
| Financial debts | 43 | €2,832 | - | -€2,832 | |
| Credit institutions | 430/8 | €2,832 | - | -€2,832 | |
| Trade debts | 44 | €369 | €4,686 | +€4,316 | +1169.2% |
| Suppliers | 440/4 | €369 | €4,686 | +€4,316 | +1169.2% |
| Taxes, remuneration and social security | 45 | €63,268 | €68,380 | +€5,112 | +8.1% |
| Taxes | 450/3 | €56,961 | €60,858 | +€3,897 | +6.8% |
| Remuneration and social security | 454/9 | €6,307 | €7,522 | +€1,215 | +19.3% |
| Other amounts payable | 47/48 | €14,462 | €39,842 | +€25,379 | +175.5% |
| Accrued charges and deferred income | 492/3 | €876 | €503 | -€373 | -42.6% |
| Remuneration, social security and pensions | 62 | €36,229 | €36,582 | +€352 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,128 | €2,599 | -€5,529 | -68.0% |
| Other operating charges | 640/8 | €1,037 | €928 | -€109 | -10.5% |
| Gross operating margin | 9900 | €188,556 | €185,240 | -€3,316 | -1.8% |
| Operating profit (loss) | 9901 | €143,162 | €145,131 | +€1,970 | +1.4% |
| Financial charges | 65/66B | €1,347 | €814 | -€533 | -39.5% |
| Recurring financial charges | 65 | €1,347 | €814 | -€533 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €141,815 | €144,317 | +€2,502 | +1.8% |
| Income taxes | 67/77 | €41,782 | €46,931 | +€5,149 | +12.3% |
| Profit (loss) for the period | 9904 | €100,033 | €97,386 | -€2,647 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,033 | €97,386 | -€2,647 | -2.6% |
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 28 September 2026 via checked.be.