ACTVICTORY: 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.
ACTVICTORY
Largest movements
- Stocks and contracts -€15,593
down €15,593 (-75.7%), from €20,593 to €5,000
- Tangible fixed assets -€2,648
down €2,648 (-9.6%), from €27,683 to €25,035
of which Land and buildings: -€1,648
- Receivables within one year +€2,018
up €2,018 (+138.2%), from €1,460 to €3,478
of which Trade receivables: +€3,426
- Cash -€1,484
down €1,484 (-34.7%), from €4,280 to €2,796
mainly Net result for the year (-€22,812) and Short-term financial debts (-€6,148)
- Profit (loss) carried forward -€22,579
down €22,579 (-61.1%), from -€36,982 to -€59,561
- Other debts +€13,016
up €13,016 (+36.5%), from €35,668 to €48,684
- Short-term financial debts -€6,148
down €6,148 (-44.2%), from €13,922 to €7,774
- Trade debts -€2,638
down €2,638 (-13.5%), from €19,593 to €16,955
- Tax, wage and social debts +€627
up €627 (+120.6%), from €520 to €1,147
- Gross operating margin -€24,376
down €24,376, from €11,146 to -€13,230
- Other operating charges +€3,359
up €3,359 (+159.1%), from €2,111 to €5,470
- Depreciation -€1,812
down €1,812 (-40.6%), from €4,460 to €2,648
- Write-downs -€870
new in 2023: -€870
- Financial charges -€526
down €526 (-21.6%), from €2,432 to €1,906
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,266 | €37,373 | -€17,893 | -32.4% |
| Fixed assets | 21/28 | €27,683 | €25,035 | -€2,648 | -9.6% |
| Tangible fixed assets | 22/27 | €27,683 | €25,035 | -€2,648 | -9.6% |
| Land and buildings | 22 | €26,683 | €25,035 | -€1,648 | -6.2% |
| Plant, machinery and equipment | 23 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €27,583 | €12,338 | -€15,245 | -55.3% |
| Stocks and contracts in progress | 3 | €20,593 | €5,000 | -€15,593 | -75.7% |
| Stocks | 30/36 | €20,593 | €5,000 | -€15,593 | -75.7% |
| Amounts receivable within one year | 40/41 | €1,460 | €3,478 | +€2,018 | +138.2% |
| Trade receivables | 40 | €52 | €3,478 | +€3,426 | +6588.5% |
| Other amounts receivable | 41 | €1,408 | - | -€1,408 | |
| Current investments | 50/53 | €541 | €541 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,280 | €2,796 | -€1,484 | -34.7% |
| Deferred charges and accrued income | 490/1 | €709 | €523 | -€186 | -26.2% |
| Total equity and liabilities | 10/49 | €55,266 | €37,373 | -€17,893 | -32.4% |
| Equity | 10/15 | -€14,856 | -€37,668 | -€22,812 | -153.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,534 | €3,301 | -€233 | -6.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,675 | €1,442 | -€233 | -13.9% |
| Profit (loss) carried forward | 14 | -€36,982 | -€59,561 | -€22,579 | -61.1% |
| Provisions and deferred taxes | 16 | €419 | €481 | +€62 | +14.8% |
| Deferred taxes | 168 | €419 | €481 | +€62 | +14.8% |
| Amounts payable | 17/49 | €69,703 | €74,560 | +€4,857 | +7.0% |
| Amounts payable within one year | 42/48 | €69,703 | €74,560 | +€4,857 | +7.0% |
| Financial debts | 43 | €13,922 | €7,774 | -€6,148 | -44.2% |
| Credit institutions | 430/8 | €13,922 | €7,774 | -€6,148 | -44.2% |
| Trade debts | 44 | €19,593 | €16,955 | -€2,638 | -13.5% |
| Suppliers | 440/4 | €19,593 | €16,955 | -€2,638 | -13.5% |
| Taxes, remuneration and social security | 45 | €520 | €1,147 | +€627 | +120.6% |
| Taxes | 450/3 | €520 | €1,147 | +€627 | +120.6% |
| Other amounts payable | 47/48 | €35,668 | €48,684 | +€13,016 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,460 | €2,648 | -€1,812 | -40.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€870 | -€870 | |
| Other operating charges | 640/8 | €2,111 | €5,470 | +€3,359 | +159.1% |
| Non-recurring operating charges | 66A | - | €251 | +€251 | |
| Gross operating margin | 9900 | €11,146 | -€13,230 | -€24,376 | |
| Operating profit (loss) | 9901 | €4,575 | -€20,729 | -€25,304 | |
| Financial income | 75/76B | €199 | €16 | -€183 | -92.0% |
| Recurring financial income | 75 | €199 | €16 | -€183 | -92.0% |
| Financial charges | 65/66B | €2,432 | €1,906 | -€526 | -21.6% |
| Recurring financial charges | 65 | €2,432 | €1,906 | -€526 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €2,342 | -€22,619 | -€24,961 | |
| Transfer from deferred taxes | 780 | €35 | - | -€35 | |
| Transfer to deferred taxes | 680 | - | €62 | +€62 | |
| Income taxes | 67/77 | €184 | €131 | -€53 | -28.8% |
| Profit (loss) for the period | 9904 | €2,193 | -€22,812 | -€25,005 | |
| Transfer from tax-exempt reserves | 789 | €162 | €233 | +€71 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,355 | -€22,579 | -€24,934 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.