ACTUMANAGEMENT: 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.
ACTUMANAGEMENT
Largest movements
- Tangible fixed assets -€18,352
down €18,352 (-31.7%), from €57,951 to €39,599
- Cash -€10,766
down €10,766 (-57.5%), from €18,732 to €7,966
mainly Contributions, distributions and other (-€58,878) and Debts after one year (-€12,843)
- Deferred charges and accrued income +€5,206
up €5,206 (+227%), from €2,293 to €7,499
- Debts after one year -€12,843
down €12,843 (-45.0%), from €28,568 to €15,725
- Tax, wage and social debts -€7,443
down €7,443 (-36.1%), from €20,624 to €13,181
- Reserves -€6,272
down €6,272 (-3.3%), from €190,000 to €183,729
- Gross operating margin +€62,411
up €62,411 (+227%), from €27,452 to €89,863
- Taxes +€17,973
up €17,973 (+481%), from €3,740 to €21,714
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 | €264,768 | €238,471 | -€26,296 | -9.9% |
| Fixed assets | 21/28 | €147,883 | €129,531 | -€18,352 | -12.4% |
| Tangible fixed assets | 22/27 | €57,951 | €39,599 | -€18,352 | -31.7% |
| Furniture and vehicles | 24 | €57,951 | €39,599 | -€18,352 | -31.7% |
| Financial fixed assets | 28 | €89,932 | €89,932 | = | 0.0% |
| Current assets | 29/58 | €116,884 | €108,940 | -€7,944 | -6.8% |
| Amounts receivable after more than one year | 29 | €73,000 | €73,000 | = | 0.0% |
| Other amounts receivable | 291 | €73,000 | €73,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,859 | €20,475 | -€2,384 | -10.4% |
| Trade receivables | 40 | €18,150 | €18,800 | +€650 | +3.6% |
| Other amounts receivable | 41 | €4,709 | €1,675 | -€3,034 | -64.4% |
| Cash at bank and in hand | 54/58 | €18,732 | €7,966 | -€10,766 | -57.5% |
| Deferred charges and accrued income | 490/1 | €2,293 | €7,499 | +€5,206 | +227% |
| Total equity and liabilities | 10/49 | €264,768 | €238,471 | -€26,296 | -9.9% |
| Equity | 10/15 | €196,200 | €189,929 | -€6,272 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,000 | €183,729 | -€6,272 | -3.3% |
| Distributable reserves | 133 | €190,000 | €183,729 | -€6,272 | -3.3% |
| Amounts payable | 17/49 | €68,567 | €48,543 | -€20,025 | -29.2% |
| Amounts payable after more than one year | 17 | €28,568 | €15,725 | -€12,843 | -45.0% |
| Financial debts | 170/4 | €28,568 | €15,725 | -€12,843 | -45.0% |
| Amounts payable within one year | 42/48 | €40,000 | €32,818 | -€7,181 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €12,284 | €12,843 | +€559 | +4.6% |
| Trade debts | 44 | €7,091 | €6,794 | -€297 | -4.2% |
| Suppliers | 440/4 | €7,091 | €6,794 | -€297 | -4.2% |
| Taxes, remuneration and social security | 45 | €20,624 | €13,181 | -€7,443 | -36.1% |
| Taxes | 450/3 | €20,624 | €13,181 | -€7,443 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,692 | €18,352 | -€340 | -1.8% |
| Other operating charges | 640/8 | €667 | €580 | -€88 | -13.1% |
| Gross operating margin | 9900 | €27,452 | €89,863 | +€62,411 | +227% |
| Operating profit (loss) | 9901 | €8,093 | €70,931 | +€62,838 | +776% |
| Financial income | 75/76B | €4,335 | €5,188 | +€853 | +19.7% |
| Recurring financial income | 75 | €4,335 | €5,188 | +€853 | +19.7% |
| Financial charges | 65/66B | €2,389 | €1,799 | -€590 | -24.7% |
| Recurring financial charges | 65 | €2,389 | €1,799 | -€590 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €10,039 | €74,320 | +€64,281 | +640% |
| Income taxes | 67/77 | €3,740 | €21,714 | +€17,973 | +481% |
| Profit (loss) for the period | 9904 | €6,299 | €52,606 | +€46,307 | +735% |
| Profit (loss) for the period to be appropriated | 9905 | €6,299 | €52,606 | +€46,307 | +735% |
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 18 October 2026 via checked.be.