ACTUBEL: 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.
ACTUBEL
Largest movements
- Cash +€14,256
up €14,256 (+733.3%), from €1,944 to €16,200
mainly Receivables within one year (+€10,586) and Depreciation (+€6,311)
- Receivables within one year -€10,586
down €10,586 (-43.6%), from €24,271 to €13,685
of which Trade receivables: -€10,636
- Tangible fixed assets -€4,927
down €4,927 (-17.2%), from €28,648 to €23,721
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€27,853
down €27,853 (-72.8%), from €38,271 to €10,418
- Taxes -€10,843
down €10,843 (-83.7%), from €12,954 to €2,111
- Depreciation +€5,060
up €5,060 (+404.5%), from €1,251 to €6,311
- Financial charges +€714
up €714 (+620.9%), from €115 to €829
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 | €149,314 | €149,070 | -€244 | -0.2% |
| Fixed assets | 21/28 | €121,648 | €116,721 | -€4,927 | -4.1% |
| Tangible fixed assets | 22/27 | €28,648 | €23,721 | -€4,927 | -17.2% |
| Furniture and vehicles | 24 | €28,648 | €23,721 | -€4,927 | -17.2% |
| Financial fixed assets | 28 | €93,000 | €93,000 | = | 0.0% |
| Current assets | 29/58 | €27,666 | €32,349 | +€4,683 | +16.9% |
| Amounts receivable within one year | 40/41 | €24,271 | €13,685 | -€10,586 | -43.6% |
| Trade receivables | 40 | €24,179 | €13,543 | -€10,636 | -44.0% |
| Other amounts receivable | 41 | €92 | €142 | +€50 | +54.3% |
| Current investments | 50/53 | €1,438 | €1,668 | +€230 | +16.0% |
| Cash at bank and in hand | 54/58 | €1,944 | €16,200 | +€14,256 | +733.3% |
| Deferred charges and accrued income | 490/1 | €13 | €796 | +€783 | +6023.1% |
| Total equity and liabilities | 10/49 | €149,314 | €149,070 | -€244 | -0.2% |
| Equity | 10/15 | €134,089 | €134,134 | +€45 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €121,689 | €121,734 | +€45 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €119,829 | €119,874 | +€45 | 0.0% |
| Amounts payable | 17/49 | €15,225 | €14,936 | -€289 | -1.9% |
| Amounts payable within one year | 42/48 | €15,225 | €14,936 | -€289 | -1.9% |
| Trade debts | 44 | €300 | €218 | -€82 | -27.3% |
| Suppliers | 440/4 | €300 | €218 | -€82 | -27.3% |
| Taxes, remuneration and social security | 45 | €14,419 | €14,339 | -€80 | -0.6% |
| Taxes | 450/3 | €14,419 | €14,339 | -€80 | -0.6% |
| Other amounts payable | 47/48 | €506 | €379 | -€127 | -25.1% |
| Non-recurring operating income | 76A | €3,011 | €3,340 | +€329 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | €6,311 | +€5,060 | +404.5% |
| Other operating charges | 640/8 | €925 | €1,133 | +€208 | +22.5% |
| Gross operating margin | 9900 | €38,271 | €10,418 | -€27,853 | -72.8% |
| Operating profit (loss) | 9901 | €36,095 | €2,974 | -€33,121 | -91.8% |
| Financial income | 75/76B | €372 | €11 | -€361 | -97.0% |
| Recurring financial income | 75 | €372 | €11 | -€361 | -97.0% |
| Financial charges | 65/66B | €115 | €829 | +€714 | +620.9% |
| Recurring financial charges | 65 | €115 | €829 | +€714 | +620.9% |
| Profit (loss) for the period before taxes | 9903 | €36,352 | €2,156 | -€34,196 | -94.1% |
| Income taxes | 67/77 | €12,954 | €2,111 | -€10,843 | -83.7% |
| Profit (loss) for the period | 9904 | €23,398 | €45 | -€23,353 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,398 | €45 | -€23,353 | -99.8% |
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 4 October 2026 via checked.be.