ACTRADO: 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.
ACTRADO
Largest movements
- Cash +€23,288
up €23,288 (+117.5%), from €19,824 to €43,112
mainly Other debts (+€30,000) and Net result for the year (+€19,732)
- Tangible fixed assets -€13,919
down €13,919 (-30.8%), from €45,217 to €31,298
of which Furniture and vehicles: -€11,807
- Receivables within one year +€1,162
up €1,162 (+10.1%), from €11,543 to €12,705
of which Trade receivables: +€1,162
- Other debts +€30,000
up €30,000 (+30000.0%), from €100 to €30,100
- Reserves -€9,000
down €9,000 (-25.7%), from €35,000 to €26,000
- Debts after one year -€8,060
down €8,060 (-35.3%), from €22,860 to €14,800
- Trade debts -€1,735
down €1,735 (-95.4%), from €1,818 to €84
- Profit (loss) carried forward -€1,268
down €1,268 (-79.0%), from €1,605 to €337
- Gross operating margin -€2,689
down €2,689 (-6.1%), from €43,799 to €41,110
- Taxes -€448
down €448 (-7.6%), from €5,911 to €5,464
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 | €78,502 | €89,068 | +€10,566 | +13.5% |
| Fixed assets | 21/28 | €45,217 | €31,298 | -€13,919 | -30.8% |
| Tangible fixed assets | 22/27 | €45,217 | €31,298 | -€13,919 | -30.8% |
| Plant, machinery and equipment | 23 | €2,958 | €845 | -€2,112 | -71.4% |
| Furniture and vehicles | 24 | €42,260 | €30,453 | -€11,807 | -27.9% |
| Current assets | 29/58 | €33,285 | €57,770 | +€24,486 | +73.6% |
| Amounts receivable within one year | 40/41 | €11,543 | €12,705 | +€1,162 | +10.1% |
| Trade receivables | 40 | €10,454 | €11,616 | +€1,162 | +11.1% |
| Other amounts receivable | 41 | €1,089 | €1,089 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,824 | €43,112 | +€23,288 | +117.5% |
| Deferred charges and accrued income | 490/1 | €1,918 | €1,954 | +€36 | +1.9% |
| Total equity and liabilities | 10/49 | €78,502 | €89,068 | +€10,566 | +13.5% |
| Equity | 10/15 | €42,805 | €32,537 | -€10,268 | -24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,000 | €26,000 | -€9,000 | -25.7% |
| Distributable reserves | 133 | €35,000 | €26,000 | -€9,000 | -25.7% |
| Profit (loss) carried forward | 14 | €1,605 | €337 | -€1,268 | -79.0% |
| Amounts payable | 17/49 | €35,697 | €56,531 | +€20,835 | +58.4% |
| Amounts payable after more than one year | 17 | €22,860 | €14,800 | -€8,060 | -35.3% |
| Financial debts | 170/4 | €22,860 | €14,800 | -€8,060 | -35.3% |
| Amounts payable within one year | 42/48 | €12,836 | €41,731 | +€28,895 | +225.1% |
| Current portion of amounts payable after more than one year | 42 | €7,784 | €8,060 | +€276 | +3.6% |
| Trade debts | 44 | €1,818 | €84 | -€1,735 | -95.4% |
| Suppliers | 440/4 | €1,818 | €84 | -€1,735 | -95.4% |
| Taxes, remuneration and social security | 45 | €3,134 | €3,487 | +€353 | +11.3% |
| Taxes | 450/3 | €3,134 | €3,487 | +€353 | +11.3% |
| Other amounts payable | 47/48 | €100 | €30,100 | +€30,000 | +30000.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,934 | €13,919 | -€14 | -0.1% |
| Other operating charges | 640/8 | €1,148 | €992 | -€156 | -13.6% |
| Gross operating margin | 9900 | €43,799 | €41,110 | -€2,689 | -6.1% |
| Operating profit (loss) | 9901 | €28,717 | €26,198 | -€2,519 | -8.8% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €1,278 | €1,011 | -€267 | -20.9% |
| Recurring financial charges | 65 | €1,278 | €1,011 | -€267 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €27,439 | €25,195 | -€2,244 | -8.2% |
| Income taxes | 67/77 | €5,911 | €5,464 | -€448 | -7.6% |
| Profit (loss) for the period | 9904 | €21,528 | €19,732 | -€1,796 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,528 | €19,732 | -€1,796 | -8.3% |
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 5 October 2026 via checked.be.