ACTRON: what changed
ACTRON
Largest movements
- Receivables within one year -€22,663
down €22,663 (-14.8%), from €152,874 to €130,211
of which Trade receivables: -€39,736
- Cash -€6,424
down €6,424 (-7.9%), from €80,841 to €74,417
mainly Trade debts (-€29,495) and Investment in fixed assets (net) (-€19,773)
- Trade debts -€29,495
down €29,495 (-16.9%), from €174,582 to €145,087
- Reserves +€5,024
up €5,024 (+5.4%), from €93,886 to €98,910
- Tax, wage and social debts -€3,588
down €3,588 (-70.3%), from €5,101 to €1,513
- Staff costs +€13,769
new in 2025: €13,769
- Gross operating margin +€12,265
up €12,265 (+35.5%), from €34,586 to €46,851
- Depreciation +€5,686
up €5,686 (+41.8%), from €13,617 to €19,303
- Financial charges +€4,352
up €4,352 (+577%), from €754 to €5,106
of which Financial charges: +€4,495
- Other operating charges -€2,030
down €2,030 (-35.4%), from €5,731 to €3,701
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,009 | €266,628 | -€28,381 | -9.6% |
| Fixed assets | 21/28 | €52,944 | €53,414 | +€470 | +0.9% |
| Tangible fixed assets | 22/27 | €47,544 | €48,014 | +€470 | +1.0% |
| Plant, machinery and equipment | 23 | €17,626 | €13,541 | -€4,085 | -23.2% |
| Furniture and vehicles | 24 | €15,913 | €8,158 | -€7,755 | -48.7% |
| Other tangible fixed assets | 26 | €14,005 | €26,315 | +€12,310 | +87.9% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €242,065 | €213,214 | -€28,851 | -11.9% |
| Stocks and contracts in progress | 3 | €4,848 | €4,364 | -€484 | -10.0% |
| Stocks | 30/36 | €4,848 | €4,364 | -€484 | -10.0% |
| Amounts receivable within one year | 40/41 | €152,874 | €130,211 | -€22,663 | -14.8% |
| Trade receivables | 40 | €87,384 | €47,648 | -€39,736 | -45.5% |
| Other amounts receivable | 41 | €65,490 | €82,563 | +€17,073 | +26.1% |
| Cash at bank and in hand | 54/58 | €80,841 | €74,417 | -€6,424 | -7.9% |
| Deferred charges and accrued income | 490/1 | €3,502 | €4,222 | +€720 | +20.5% |
| Total equity and liabilities | 10/49 | €295,009 | €266,628 | -€28,381 | -9.6% |
| Equity | 10/15 | €112,486 | €117,510 | +€5,024 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,886 | €98,910 | +€5,024 | +5.4% |
| Distributable reserves | 133 | €93,886 | €98,910 | +€5,024 | +5.4% |
| Amounts payable | 17/49 | €182,522 | €149,118 | -€33,405 | -18.3% |
| Amounts payable within one year | 42/48 | €182,522 | €149,118 | -€33,405 | -18.3% |
| Financial debts | 43 | €2,839 | €2,517 | -€322 | -11.3% |
| Credit institutions | 430/8 | €2,839 | €2,517 | -€322 | -11.3% |
| Trade debts | 44 | €174,582 | €145,087 | -€29,495 | -16.9% |
| Suppliers | 440/4 | €174,582 | €145,087 | -€29,495 | -16.9% |
| Taxes, remuneration and social security | 45 | €5,101 | €1,513 | -€3,588 | -70.3% |
| Taxes | 450/3 | €5,101 | €1,513 | -€3,588 | -70.3% |
| Remuneration, social security and pensions | 62 | - | €13,769 | +€13,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,617 | €19,303 | +€5,686 | +41.8% |
| Other operating charges | 640/8 | €5,731 | €3,701 | -€2,030 | -35.4% |
| Gross operating margin | 9900 | €34,586 | €46,851 | +€12,265 | +35.5% |
| Operating profit (loss) | 9901 | €15,238 | €10,079 | -€5,160 | -33.9% |
| Financial income | 75/76B | €4,721 | €4,704 | -€17 | -0.4% |
| Recurring financial income | 75 | €4,721 | €4,704 | -€17 | -0.4% |
| Financial charges | 65/66B | €754 | €5,106 | +€4,352 | +577% |
| Recurring financial charges | 65 | €611 | €5,106 | +€4,495 | +736% |
| Non-recurring financial charges | 66B | €143 | €0 | -€143 | -100% |
| Profit (loss) for the period before taxes | 9903 | €19,205 | €9,676 | -€9,529 | -49.6% |
| Income taxes | 67/77 | €3,224 | €4,653 | +€1,429 | +44.3% |
| Profit (loss) for the period | 9904 | €15,981 | €5,024 | -€10,958 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,981 | €5,024 | -€10,958 | -68.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.