ACTUEL-BE: 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.
ACTUEL-BE
Largest movements
- Stocks and contracts +€140,628
up €140,628 (+48.9%), from €287,496 to €428,124
- Cash +€116,274
up €116,274 (+373%), from €31,137 to €147,411
mainly Trade debts (+€200,219) and Contributions, distributions and other (+€180,629)
- Trade debts +€200,219
up €200,219 (+640%), from €31,308 to €231,527
- Profit (loss) carried forward -€186,058
down €186,058 (-147%), from -€126,603 to -€312,661
- Investment grants +€180,629
new in 2025: €180,629
- Debts after one year +€98,623
up €98,623 (+3.3%), from €3.0m to €3.1m
of which Other amounts payable: +€180,000
- Other debts -€65,936
down €65,936 (-47.1%), from €139,888 to €73,953
- Depreciation +€62,674
up €62,674 (+55.3%), from €113,386 to €176,060
- Gross operating margin +€37,567
up €37,567 (+144%), from €26,042 to €63,609
- Staff costs +€31,733
up €31,733, from €0 to €31,733
- Financial income -€15,833
down €15,833 (-36.9%), from €42,899 to €27,066
- Financial charges +€15,396
up €15,396 (+29.1%), from €52,942 to €68,337
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 | €3,632,506 | €3,868,744 | +€236,238 | +6.5% |
| Formation expenses | 20 | €1,769 | €1,126 | -€643 | -36.4% |
| Fixed assets | 21/28 | €3,241,757 | €3,225,392 | -€16,365 | -0.5% |
| Tangible fixed assets | 22/27 | €3,232,757 | €3,216,392 | -€16,365 | -0.5% |
| Land and buildings | 22 | €2,953,727 | €2,951,177 | -€2,549 | -0.1% |
| Plant, machinery and equipment | 23 | €145,497 | €143,118 | -€2,379 | -1.6% |
| Furniture and vehicles | 24 | €133,534 | €122,097 | -€11,437 | -8.6% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €388,980 | €642,227 | +€253,246 | +65.1% |
| Stocks and contracts in progress | 3 | €287,496 | €428,124 | +€140,628 | +48.9% |
| Stocks | 30/36 | €287,496 | €428,124 | +€140,628 | +48.9% |
| Amounts receivable within one year | 40/41 | €70,006 | €63,048 | -€6,958 | -9.9% |
| Trade receivables | 40 | €48,360 | €54,004 | +€5,644 | +11.7% |
| Other amounts receivable | 41 | €21,646 | €9,044 | -€12,602 | -58.2% |
| Cash at bank and in hand | 54/58 | €31,137 | €147,411 | +€116,274 | +373% |
| Deferred charges and accrued income | 490/1 | €342 | €3,644 | +€3,303 | +966% |
| Total equity and liabilities | 10/49 | €3,632,506 | €3,868,744 | +€236,238 | +6.5% |
| Equity | 10/15 | €373,397 | €367,968 | -€5,429 | -1.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,603 | -€312,661 | -€186,058 | -147% |
| Investment grants | 15 | - | €180,629 | +€180,629 | |
| Amounts payable | 17/49 | €3,259,110 | €3,500,776 | +€241,667 | +7.4% |
| Amounts payable after more than one year | 17 | €3,009,607 | €3,108,230 | +€98,623 | +3.3% |
| Financial debts | 170/4 | €1,389,607 | €1,308,230 | -€81,377 | -5.9% |
| Other amounts payable | 178/9 | €1,620,000 | €1,800,000 | +€180,000 | +11.1% |
| Amounts payable within one year | 42/48 | €249,503 | €392,546 | +€143,044 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €78,306 | €81,377 | +€3,071 | +3.9% |
| Trade debts | 44 | €31,308 | €231,527 | +€200,219 | +640% |
| Suppliers | 440/4 | €31,308 | €231,527 | +€200,219 | +640% |
| Taxes, remuneration and social security | 45 | €0 | €5,690 | +€5,690 | |
| Taxes | 450/3 | €0 | €356 | +€356 | |
| Remuneration and social security | 454/9 | - | €5,333 | +€5,333 | |
| Other amounts payable | 47/48 | €139,888 | €73,953 | -€65,936 | -47.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €31,733 | +€31,733 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,386 | €176,060 | +€62,674 | +55.3% |
| Other operating charges | 640/8 | €215 | €602 | +€387 | +180% |
| Gross operating margin | 9900 | €26,042 | €63,609 | +€37,567 | +144% |
| Operating profit (loss) | 9901 | -€87,559 | -€144,787 | -€57,228 | -65.4% |
| Financial income | 75/76B | €42,899 | €27,066 | -€15,833 | -36.9% |
| Recurring financial income | 75 | €42,899 | €27,066 | -€15,833 | -36.9% |
| Financial charges | 65/66B | €52,942 | €68,337 | +€15,396 | +29.1% |
| Recurring financial charges | 65 | €52,942 | €68,337 | +€15,396 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | -€97,602 | -€186,058 | -€88,457 | -90.6% |
| Profit (loss) for the period | 9904 | -€97,602 | -€186,058 | -€88,457 | -90.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€97,602 | -€186,058 | -€88,457 | -90.6% |
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 13 October 2026 via checked.be.