ActuWarGiSa: 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.
ActuWarGiSa
Largest movements
- Cash +€108,026
up €108,026 (+170%), from €63,447 to €171,473
mainly Other debts (+€209,394) and Net result for the year (+€110,385)
- Receivables within one year +€11,863
up €11,863 (+33.9%), from €34,997 to €46,861
of which Trade receivables: +€7,579
- Tangible fixed assets -€7,733
down €7,733 (-1.8%), from €436,741 to €429,008
of which Assets under construction and advance payments: -€152,543
- Other debts +€209,394
up €209,394 (+41,227%), from €508 to €209,902
- Reserves -€132,710
down €132,710 (-26.1%), from €509,040 to €376,330
- Tax, wage and social debts +€35,457
up €35,457 (+184%), from €19,299 to €54,756
- Gross operating margin +€31,772
up €31,772 (+23.5%), from €135,394 to €167,166
- Depreciation +€5,137
up €5,137 (+27.8%), from €18,506 to €23,642
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 | €540,121 | €652,619 | +€112,498 | +20.8% |
| Fixed assets | 21/28 | €436,741 | €429,008 | -€7,733 | -1.8% |
| Tangible fixed assets | 22/27 | €436,741 | €429,008 | -€7,733 | -1.8% |
| Land and buildings | 22 | €248,593 | €406,774 | +€158,181 | +63.6% |
| Plant, machinery and equipment | 23 | €1,141 | €709 | -€431 | -37.8% |
| Furniture and vehicles | 24 | €29,742 | €18,558 | -€11,185 | -37.6% |
| Other tangible fixed assets | 26 | €4,721 | €2,967 | -€1,755 | -37.2% |
| Assets under construction and advance payments | 27 | €152,543 | €0 | -€152,543 | -100% |
| Current assets | 29/58 | €103,379 | €223,611 | +€120,232 | +116% |
| Amounts receivable within one year | 40/41 | €34,997 | €46,861 | +€11,863 | +33.9% |
| Trade receivables | 40 | €34,997 | €42,577 | +€7,579 | +21.7% |
| Other amounts receivable | 41 | €0 | €4,284 | +€4,284 | |
| Cash at bank and in hand | 54/58 | €63,447 | €171,473 | +€108,026 | +170% |
| Deferred charges and accrued income | 490/1 | €4,935 | €5,277 | +€342 | +6.9% |
| Total equity and liabilities | 10/49 | €540,121 | €652,619 | +€112,498 | +20.8% |
| Equity | 10/15 | €515,240 | €382,530 | -€132,710 | -25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €509,040 | €376,330 | -€132,710 | -26.1% |
| Distributable reserves | 133 | €509,040 | €376,330 | -€132,710 | -26.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,881 | €270,089 | +€245,208 | +986% |
| Amounts payable after more than one year | 17 | - | €2,550 | +€2,550 | |
| Other amounts payable | 178/9 | - | €2,550 | +€2,550 | |
| Amounts payable within one year | 42/48 | €24,881 | €267,539 | +€242,658 | +975% |
| Trade debts | 44 | €5,074 | €2,881 | -€2,193 | -43.2% |
| Suppliers | 440/4 | €5,074 | €2,881 | -€2,193 | -43.2% |
| Taxes, remuneration and social security | 45 | €19,299 | €54,756 | +€35,457 | +184% |
| Taxes | 450/3 | €19,299 | €54,756 | +€35,457 | +184% |
| Other amounts payable | 47/48 | €508 | €209,902 | +€209,394 | +41,227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,506 | €23,642 | +€5,137 | +27.8% |
| Other operating charges | 640/8 | €1,840 | €1,634 | -€206 | -11.2% |
| Gross operating margin | 9900 | €135,394 | €167,166 | +€31,772 | +23.5% |
| Operating profit (loss) | 9901 | €115,049 | €141,891 | +€26,842 | +23.3% |
| Financial income | 75/76B | €1,184 | €601 | -€583 | -49.3% |
| Recurring financial income | 75 | €1,184 | €601 | -€583 | -49.3% |
| Financial charges | 65/66B | €560 | €218 | -€341 | -61.0% |
| Recurring financial charges | 65 | €560 | €218 | -€341 | -61.0% |
| Profit (loss) for the period before taxes | 9903 | €115,673 | €142,273 | +€26,600 | +23.0% |
| Income taxes | 67/77 | €32,807 | €31,888 | -€919 | -2.8% |
| Profit (loss) for the period | 9904 | €82,867 | €110,385 | +€27,518 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,867 | €110,385 | +€27,518 | +33.2% |
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 19 October 2026 via checked.be.