ACTVISE: 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.
ACTVISE
Largest movements
- Tangible fixed assets -€29,907
down €29,907 (-9.4%), from €318,948 to €289,041
of which Land and buildings: -€14,965
- Receivables within one year -€22,990
down €22,990 (-36.2%), from €63,505 to €40,515
of which Trade receivables: -€26,123
- Cash -€16,458
down €16,458 (-80.6%), from €20,416 to €3,958
mainly Other debts (-€62,761) and Tax, wage and social debts (-€15,806)
- Other debts -€62,761
down €62,761 (-80.5%), from €77,928 to €15,168
- Reserves +€22,433
up €22,433 (+26.8%), from €83,807 to €106,240
of which Distributable reserves: +€22,433
- Tax, wage and social debts -€15,806
down €15,806 (-57.5%), from €27,486 to €11,679
of which Taxes: -€15,806
- Debts after one year -€13,064
down €13,064 (-7.3%), from €179,149 to €166,085
- Gross operating margin -€18,052
down €18,052 (-21.5%), from €83,865 to €65,813
- Depreciation +€5,900
up €5,900 (+24.6%), from €24,007 to €29,907
- Taxes -€3,494
down €3,494 (-33.7%), from €10,360 to €6,866
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 | €407,644 | €335,290 | -€72,354 | -17.7% |
| Fixed assets | 21/28 | €319,643 | €289,736 | -€29,907 | -9.4% |
| Tangible fixed assets | 22/27 | €318,948 | €289,041 | -€29,907 | -9.4% |
| Land and buildings | 22 | €275,035 | €260,070 | -€14,965 | -5.4% |
| Plant, machinery and equipment | 23 | €13,967 | €10,523 | -€3,444 | -24.7% |
| Furniture and vehicles | 24 | €29,945 | €18,448 | -€11,497 | -38.4% |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €88,001 | €45,554 | -€42,447 | -48.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €63,505 | €40,515 | -€22,990 | -36.2% |
| Trade receivables | 40 | €63,505 | €37,381 | -€26,123 | -41.1% |
| Other amounts receivable | 41 | €0 | €3,134 | +€3,134 | |
| Cash at bank and in hand | 54/58 | €20,416 | €3,958 | -€16,458 | -80.6% |
| Deferred charges and accrued income | 490/1 | €4,080 | €1,080 | -€3,000 | -73.5% |
| Total equity and liabilities | 10/49 | €407,644 | €335,290 | -€72,354 | -17.7% |
| Equity | 10/15 | €102,407 | €124,840 | +€22,433 | +21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,807 | €106,240 | +€22,433 | +26.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,947 | €104,380 | +€22,433 | +27.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €305,237 | €210,450 | -€94,787 | -31.1% |
| Amounts payable after more than one year | 17 | €179,149 | €166,085 | -€13,064 | -7.3% |
| Financial debts | 170/4 | €179,149 | €166,085 | -€13,064 | -7.3% |
| Amounts payable within one year | 42/48 | €125,498 | €43,828 | -€81,670 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €12,685 | €13,064 | +€379 | +3.0% |
| Trade debts | 44 | €7,399 | €3,917 | -€3,481 | -47.1% |
| Suppliers | 440/4 | €7,399 | €3,917 | -€3,481 | -47.1% |
| Taxes, remuneration and social security | 45 | €27,486 | €11,679 | -€15,806 | -57.5% |
| Taxes | 450/3 | €23,486 | €7,679 | -€15,806 | -67.3% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €77,928 | €15,168 | -€62,761 | -80.5% |
| Accrued charges and deferred income | 492/3 | €590 | €537 | -€53 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,007 | €29,907 | +€5,900 | +24.6% |
| Other operating charges | 640/8 | €817 | €416 | -€401 | -49.1% |
| Gross operating margin | 9900 | €83,865 | €65,813 | -€18,052 | -21.5% |
| Operating profit (loss) | 9901 | €59,041 | €35,491 | -€23,551 | -39.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €6,678 | €6,192 | -€487 | -7.3% |
| Recurring financial charges | 65 | €6,678 | €6,192 | -€487 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €52,363 | €29,299 | -€23,064 | -44.0% |
| Income taxes | 67/77 | €10,360 | €6,866 | -€3,494 | -33.7% |
| Profit (loss) for the period | 9904 | €42,003 | €22,433 | -€19,570 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,003 | €22,433 | -€19,570 | -46.6% |
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 8 October 2026 via checked.be.