ACTs: 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.
ACTs
Largest movements
- Receivables within one year +€31,176
up €31,176 (+74.6%), from €41,786 to €72,962
of which Other amounts receivable: +€16,539
- Formation expenses -€3,813
down €3,813 (-29.7%), from €12,848 to €9,036
- Cash -€1,392
down €1,392 (-13.5%), from €10,318 to €8,925
mainly Receivables within one year (-€31,176) and Tax, wage and social debts (-€4,498)
- Tangible fixed assets -€1,388
down €1,388 (-17.6%), from €7,908 to €6,520
- Profit (loss) carried forward +€25,697
up €25,697 (+50.2%), from €51,219 to €76,916
- Tax, wage and social debts -€4,498
down €4,498 (-23.3%), from €19,266 to €14,767
of which Taxes: -€7,098
- Trade debts +€3,385
up €3,385 (+902.3%), from €375 to €3,760
- Gross operating margin -€462
down €462 (-1.2%), from €37,670 to €37,208
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 | €72,859 | €97,443 | +€24,583 | +33.7% |
| Formation expenses | 20 | €12,848 | €9,036 | -€3,813 | -29.7% |
| Fixed assets | 21/28 | €7,908 | €6,520 | -€1,388 | -17.6% |
| Tangible fixed assets | 22/27 | €7,908 | €6,520 | -€1,388 | -17.6% |
| Other tangible fixed assets | 26 | €7,908 | €6,520 | -€1,388 | -17.6% |
| Current assets | 29/58 | €52,103 | €81,887 | +€29,784 | +57.2% |
| Amounts receivable within one year | 40/41 | €41,786 | €72,962 | +€31,176 | +74.6% |
| Trade receivables | 40 | €10,514 | €25,151 | +€14,637 | +139.2% |
| Other amounts receivable | 41 | €31,272 | €47,811 | +€16,539 | +52.9% |
| Cash at bank and in hand | 54/58 | €10,318 | €8,925 | -€1,392 | -13.5% |
| Total equity and liabilities | 10/49 | €72,859 | €97,443 | +€24,583 | +33.7% |
| Equity | 10/15 | €53,219 | €78,916 | +€25,697 | +48.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,219 | €76,916 | +€25,697 | +50.2% |
| Amounts payable | 17/49 | €19,641 | €18,527 | -€1,114 | -5.7% |
| Amounts payable within one year | 42/48 | €19,641 | €18,527 | -€1,114 | -5.7% |
| Trade debts | 44 | €375 | €3,760 | +€3,385 | +902.3% |
| Suppliers | 440/4 | €375 | €3,760 | +€3,385 | +902.3% |
| Taxes, remuneration and social security | 45 | €19,266 | €14,767 | -€4,498 | -23.3% |
| Taxes | 450/3 | €19,266 | €12,167 | -€7,098 | -36.8% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,201 | €5,201 | = | 0.0% |
| Other operating charges | 640/8 | €116 | €63 | -€53 | -45.3% |
| Gross operating margin | 9900 | €37,670 | €37,208 | -€462 | -1.2% |
| Operating profit (loss) | 9901 | €32,353 | €31,944 | -€409 | -1.3% |
| Financial income | 75/76B | €959 | €1,300 | +€341 | +35.6% |
| Recurring financial income | 75 | €959 | €1,300 | +€341 | +35.6% |
| Financial charges | 65/66B | €117 | €273 | +€156 | +133.2% |
| Recurring financial charges | 65 | €117 | €273 | +€156 | +133.2% |
| Profit (loss) for the period before taxes | 9903 | €33,195 | €32,971 | -€224 | -0.7% |
| Income taxes | 67/77 | €7,118 | €7,274 | +€155 | +2.2% |
| Profit (loss) for the period | 9904 | €26,076 | €25,697 | -€380 | -1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,076 | €25,697 | -€380 | -1.5% |
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 7 October 2026 via checked.be.