acTVty: 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.
acTVty
Largest movements
- Receivables within one year -€168,731
down €168,731 (-31.4%), from €537,845 to €369,114
of which Other amounts receivable: -€97,033
- Financial fixed assets -€28,344
no longer reported in 2025 (was €28,344)
- Cash -€23,896
down €23,896 (-16.4%), from €146,112 to €122,216
mainly Net result for the year (-€278,742)
- Reserves -€278,027
down €278,027 (-52.6%), from €529,000 to €250,973
of which Distributable reserves: -€278,027
- Trade debts +€24,389
up €24,389 (+32.2%), from €75,727 to €100,116
- Accrued charges and deferred income +€23,596
up €23,596 (+75,292%), from €31 to €23,628
- Tax, wage and social debts +€11,919
up €11,919 (+45.9%), from €25,968 to €37,887
of which Taxes: +€19,400
- Gross operating margin -€196,353
down €196,353, from €196,181 to -€171
- Financial charges +€152,820
up €152,820 (+2,310%), from €6,617 to €159,437
of which Non-recurring financial charges: +€155,138
- Taxes -€5,143
down €5,143 (-85.0%), from €6,049 to €906
- Financial income -€3,538
down €3,538 (-44.3%), from €7,983 to €4,445
- Other operating charges -€2,999
down €2,999 (-61.6%), from €4,870 to €1,871
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 | €756,753 | €537,947 | -€218,806 | -28.9% |
| Fixed assets | 21/28 | €56,310 | €32,424 | -€23,885 | -42.4% |
| Tangible fixed assets | 22/27 | €27,966 | €32,424 | +€4,459 | +15.9% |
| Plant, machinery and equipment | 23 | €1,325 | €1,026 | -€299 | -22.6% |
| Furniture and vehicles | 24 | €15,300 | €21,660 | +€6,360 | +41.6% |
| Other tangible fixed assets | 26 | €11,341 | €9,739 | -€1,603 | -14.1% |
| Financial fixed assets | 28 | €28,344 | - | -€28,344 | |
| Current assets | 29/58 | €700,443 | €505,523 | -€194,921 | -27.8% |
| Amounts receivable within one year | 40/41 | €537,845 | €369,114 | -€168,731 | -31.4% |
| Trade receivables | 40 | €226,196 | €154,499 | -€71,698 | -31.7% |
| Other amounts receivable | 41 | €311,648 | €214,615 | -€97,033 | -31.1% |
| Cash at bank and in hand | 54/58 | €146,112 | €122,216 | -€23,896 | -16.4% |
| Deferred charges and accrued income | 490/1 | €16,486 | €14,193 | -€2,294 | -13.9% |
| Total equity and liabilities | 10/49 | €756,753 | €537,947 | -€218,806 | -28.9% |
| Equity | 10/15 | €591,215 | €312,473 | -€278,742 | -47.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €529,000 | €250,973 | -€278,027 | -52.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €522,850 | €244,823 | -€278,027 | -53.2% |
| Profit (loss) carried forward | 14 | €715 | - | -€715 | |
| Amounts payable | 17/49 | €165,538 | €225,474 | +€59,936 | +36.2% |
| Amounts payable within one year | 42/48 | €165,507 | €201,846 | +€36,339 | +22.0% |
| Trade debts | 44 | €75,727 | €100,116 | +€24,389 | +32.2% |
| Suppliers | 440/4 | €75,727 | €100,116 | +€24,389 | +32.2% |
| Taxes, remuneration and social security | 45 | €25,968 | €37,887 | +€11,919 | +45.9% |
| Taxes | 450/3 | €3,560 | €22,960 | +€19,400 | +545% |
| Remuneration and social security | 454/9 | €22,408 | €14,927 | -€7,481 | -33.4% |
| Other amounts payable | 47/48 | €63,811 | €63,843 | +€31 | 0.0% |
| Accrued charges and deferred income | 492/3 | €31 | €23,628 | +€23,596 | +75,292% |
| Remuneration, social security and pensions | 62 | €107,873 | €109,622 | +€1,748 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,863 | €11,079 | -€783 | -6.6% |
| Other operating charges | 640/8 | €4,870 | €1,871 | -€2,999 | -61.6% |
| Non-recurring operating charges | 66A | €171 | €100 | -€71 | -41.5% |
| Gross operating margin | 9900 | €196,181 | -€171 | -€196,353 | |
| Operating profit (loss) | 9901 | €71,404 | -€122,844 | -€194,248 | |
| Financial income | 75/76B | €7,983 | €4,445 | -€3,538 | -44.3% |
| Recurring financial income | 75 | €7,983 | €4,445 | -€3,538 | -44.3% |
| Financial charges | 65/66B | €6,617 | €159,437 | +€152,820 | +2,310% |
| Recurring financial charges | 65 | €6,617 | €4,299 | -€2,318 | -35.0% |
| Non-recurring financial charges | 66B | - | €155,138 | +€155,138 | |
| Profit (loss) for the period before taxes | 9903 | €72,770 | -€277,836 | -€350,606 | |
| Income taxes | 67/77 | €6,049 | €906 | -€5,143 | -85.0% |
| Profit (loss) for the period | 9904 | €66,721 | -€278,742 | -€345,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,721 | -€278,742 | -€345,463 |
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 21 October 2026 via checked.be.