ACTUEL SYSTEM: 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.
ACTUEL SYSTEM
Largest movements
- Receivables within one year -€353,856
down €353,856 (-54.8%), from €645,875 to €292,018
of which Other amounts receivable: -€420,696
- Deferred charges and accrued income -€53,117
down €53,117 (-84.3%), from €63,015 to €9,899
- Tangible fixed assets +€12,166
up €12,166 (+78.1%), from €15,572 to €27,738
of which Plant, machinery and equipment: +€12,892
- Other debts -€157,622
down €157,622 (-67.3%), from €234,310 to €76,688
- Trade debts -€90,768
down €90,768 (-26.5%), from €342,302 to €251,534
- Short-term financial debts -€73,032
down €73,032 (-75.1%), from €97,185 to €24,153
- Accrued charges and deferred income -€44,347
down €44,347 (-92.9%), from €47,736 to €3,389
- Tax, wage and social debts -€18,528
down €18,528 (-17.7%), from €104,482 to €85,954
of which Taxes: -€23,127
- Financial income -€58,191
down €58,191 (-80.3%), from €72,460 to €14,269
- Gross operating margin +€57,416
up €57,416 (+8.5%), from €671,637 to €729,053
- Financial charges -€46,179
down €46,179 (-87.8%), from €52,617 to €6,438
- Staff costs +€27,919
up €27,919 (+3.9%), from €707,078 to €734,997
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 | €752,672 | €359,351 | -€393,322 | -52.3% |
| Fixed assets | 21/28 | €16,072 | €28,238 | +€12,166 | +75.7% |
| Tangible fixed assets | 22/27 | €15,572 | €27,738 | +€12,166 | +78.1% |
| Plant, machinery and equipment | 23 | €14,847 | €27,738 | +€12,892 | +86.8% |
| Other tangible fixed assets | 26 | €726 | - | -€726 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €736,600 | €331,112 | -€405,488 | -55.0% |
| Stocks and contracts in progress | 3 | €17,851 | €19,410 | +€1,558 | +8.7% |
| Stocks | 30/36 | €17,851 | €19,410 | +€1,558 | +8.7% |
| Amounts receivable within one year | 40/41 | €645,875 | €292,018 | -€353,856 | -54.8% |
| Trade receivables | 40 | €208,178 | €275,018 | +€66,840 | +32.1% |
| Other amounts receivable | 41 | €437,696 | €17,000 | -€420,696 | -96.1% |
| Cash at bank and in hand | 54/58 | €9,858 | €9,785 | -€73 | -0.7% |
| Deferred charges and accrued income | 490/1 | €63,015 | €9,899 | -€53,117 | -84.3% |
| Total equity and liabilities | 10/49 | €752,672 | €359,351 | -€393,322 | -52.3% |
| Equity | 10/15 | -€73,342 | -€82,367 | -€9,025 | -12.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,342 | -€144,367 | -€9,025 | -6.7% |
| Amounts payable | 17/49 | €826,014 | €441,718 | -€384,297 | -46.5% |
| Amounts payable within one year | 42/48 | €778,278 | €438,328 | -€339,949 | -43.7% |
| Financial debts | 43 | €97,185 | €24,153 | -€73,032 | -75.1% |
| Credit institutions | 430/8 | €97,185 | €24,153 | -€73,032 | -75.1% |
| Trade debts | 44 | €342,302 | €251,534 | -€90,768 | -26.5% |
| Suppliers | 440/4 | €342,302 | €251,534 | -€90,768 | -26.5% |
| Taxes, remuneration and social security | 45 | €104,482 | €85,954 | -€18,528 | -17.7% |
| Taxes | 450/3 | €40,763 | €17,636 | -€23,127 | -56.7% |
| Remuneration and social security | 454/9 | €63,719 | €68,318 | +€4,599 | +7.2% |
| Other amounts payable | 47/48 | €234,310 | €76,688 | -€157,622 | -67.3% |
| Accrued charges and deferred income | 492/3 | €47,736 | €3,389 | -€44,347 | -92.9% |
| Remuneration, social security and pensions | 62 | €707,078 | €734,997 | +€27,919 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,113 | €5,218 | +€1,105 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€517 | - | +€517 | |
| Other operating charges | 640/8 | €6,866 | €5,694 | -€1,172 | -17.1% |
| Gross operating margin | 9900 | €671,637 | €729,053 | +€57,416 | +8.5% |
| Operating profit (loss) | 9901 | -€45,903 | -€16,855 | +€29,048 | +63.3% |
| Financial income | 75/76B | €72,460 | €14,269 | -€58,191 | -80.3% |
| Recurring financial income | 75 | €72,460 | €14,269 | -€58,191 | -80.3% |
| Financial charges | 65/66B | €52,617 | €6,438 | -€46,179 | -87.8% |
| Recurring financial charges | 65 | €52,617 | €6,438 | -€46,179 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,061 | -€9,025 | +€17,036 | +65.4% |
| Income taxes | 67/77 | -€1 | - | +€1 | |
| Profit (loss) for the period | 9904 | -€26,060 | -€9,025 | +€17,034 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,060 | -€9,025 | +€17,034 | +65.4% |
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.