ActuarialFocus: 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.
ActuarialFocus
Largest movements
- Current investments +€250,000
up €250,000 (+50.0%), from €500,000 to €750,000
- Cash -€69,649
down €69,649 (-23.9%), from €291,756 to €222,107
mainly Contributions, distributions and other (-€700,000) and Current investments (-€250,000)
- Other debts +€702,731
up €702,731 (+32,369%), from €2,171 to €704,902
- Profit (loss) carried forward -€527,670
down €527,670 (-68.7%), from €768,077 to €240,407
- Gross operating margin +€27,908
up €27,908 (+14.0%), from €198,676 to €226,584
- Financial income +€5,551
up €5,551 (+155%), from €3,579 to €9,130
- Taxes +€5,000
up €5,000 (+10.4%), from €48,000 to €53,000
- Depreciation -€2,925
down €2,925 (-38.6%), from €7,574 to €4,650
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.
Derived cash bridge
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 | €796,406 | €972,506 | +€176,101 | +22.1% |
| Fixed assets | 21/28 | €4,650 | - | -€4,650 | |
| Tangible fixed assets | 22/27 | €4,650 | - | -€4,650 | |
| Furniture and vehicles | 24 | €4,650 | - | -€4,650 | |
| Current assets | 29/58 | €791,756 | €972,506 | +€180,750 | +22.8% |
| Amounts receivable within one year | 40/41 | - | €399 | +€399 | |
| Trade receivables | 40 | - | €399 | +€399 | |
| Current investments | 50/53 | €500,000 | €750,000 | +€250,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €291,756 | €222,107 | -€69,649 | -23.9% |
| Total equity and liabilities | 10/49 | €796,406 | €972,506 | +€176,101 | +22.1% |
| Equity | 10/15 | €776,577 | €248,907 | -€527,670 | -67.9% |
| Contributions | 10/11 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €768,077 | €240,407 | -€527,670 | -68.7% |
| Amounts payable | 17/49 | €19,828 | €723,599 | +€703,771 | +3,549% |
| Amounts payable within one year | 42/48 | €19,828 | €723,599 | +€703,771 | +3,549% |
| Trade debts | 44 | €295 | €685 | +€390 | +132% |
| Suppliers | 440/4 | €295 | €685 | +€390 | +132% |
| Taxes, remuneration and social security | 45 | €17,362 | €18,012 | +€650 | +3.7% |
| Taxes | 450/3 | €17,362 | €18,012 | +€650 | +3.7% |
| Other amounts payable | 47/48 | €2,171 | €704,902 | +€702,731 | +32,369% |
| Remuneration, social security and pensions | 62 | €2,170 | €2,290 | +€120 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,574 | €4,650 | -€2,925 | -38.6% |
| Other operating charges | 640/8 | €1,913 | €3,276 | +€1,363 | +71.3% |
| Gross operating margin | 9900 | €198,676 | €226,584 | +€27,908 | +14.0% |
| Operating profit (loss) | 9901 | €187,019 | €216,368 | +€29,350 | +15.7% |
| Financial income | 75/76B | €3,579 | €9,130 | +€5,551 | +155% |
| Recurring financial income | 75 | €3,579 | €9,130 | +€5,551 | +155% |
| Financial charges | 65/66B | €46 | €168 | +€122 | +263% |
| Recurring financial charges | 65 | €46 | €168 | +€122 | +263% |
| Profit (loss) for the period before taxes | 9903 | €190,551 | €225,330 | +€34,779 | +18.3% |
| Income taxes | 67/77 | €48,000 | €53,000 | +€5,000 | +10.4% |
| Profit (loss) for the period | 9904 | €142,551 | €172,330 | +€29,779 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €142,551 | €172,330 | +€29,779 | +20.9% |
Source: filed annual accounts (NBB), financial 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 October 2026 via checked.be.