ACTWISE: 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.
ACTWISE
Largest movements
- Receivables within one year -€103,050
down €103,050 (-27.7%), from €372,165 to €269,115
of which Trade receivables: -€89,345
- Cash -€42,247
down €42,247 (-62.2%), from €67,971 to €25,725
mainly Contributions, distributions and other (-€85,000) and Investment in fixed assets (net) (-€67,677)
- Intangible fixed assets +€23,684
up €23,684 (+196.1%), from €12,075 to €35,760
- Tangible fixed assets -€8,934
down €8,934 (-2.3%), from €391,536 to €382,602
of which Furniture and vehicles: -€17,575
- Contributions -€85,000
down €85,000 (-48.7%), from €174,715 to €89,715
- Debts after one year -€42,916
down €42,916 (-16.9%), from €253,494 to €210,578
- Trade debts +€26,749
up €26,749 (+30.2%), from €88,580 to €115,329
- Current portion of long-term debt -€26,579
down €26,579 (-38.2%), from €69,495 to €42,916
- Reserves +€24,089
up €24,089 (+34.3%), from €70,270 to €94,359
- Gross operating margin -€174,978
down €174,978 (-26.5%), from €660,201 to €485,223
- Staff costs -€61,310
down €61,310 (-14.5%), from €424,016 to €362,706
- Taxes -€19,737
down €19,737 (-56.5%), from €34,905 to €15,169
- Depreciation -€12,449
down €12,449 (-19.0%), from €65,376 to €52,927
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 | €868,375 | €742,170 | -€126,205 | -14.5% |
| Fixed assets | 21/28 | €403,611 | €418,362 | +€14,750 | +3.7% |
| Intangible fixed assets | 21 | €12,075 | €35,760 | +€23,684 | +196.1% |
| Tangible fixed assets | 22/27 | €391,536 | €382,602 | -€8,934 | -2.3% |
| Land and buildings | 22 | €322,520 | €305,184 | -€17,336 | -5.4% |
| Plant, machinery and equipment | 23 | €8,084 | €16,090 | +€8,005 | +99.0% |
| Furniture and vehicles | 24 | €49,500 | €31,926 | -€17,575 | -35.5% |
| Other tangible fixed assets | 26 | €11,431 | €29,402 | +€17,971 | +157.2% |
| Current assets | 29/58 | €464,763 | €323,809 | -€140,955 | -30.3% |
| Amounts receivable after more than one year | 29 | €9,550 | €9,550 | = | 0.0% |
| Other amounts receivable | 291 | €9,550 | €9,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €372,165 | €269,115 | -€103,050 | -27.7% |
| Trade receivables | 40 | €310,207 | €220,862 | -€89,345 | -28.8% |
| Other amounts receivable | 41 | €61,958 | €48,253 | -€13,705 | -22.1% |
| Cash at bank and in hand | 54/58 | €67,971 | €25,725 | -€42,247 | -62.2% |
| Deferred charges and accrued income | 490/1 | €15,077 | €19,419 | +€4,342 | +28.8% |
| Total equity and liabilities | 10/49 | €868,375 | €742,170 | -€126,205 | -14.5% |
| Equity | 10/15 | €244,986 | €184,075 | -€60,911 | -24.9% |
| Contributions | 10/11 | €174,715 | €89,715 | -€85,000 | -48.7% |
| Reserves | 13 | €70,270 | €94,359 | +€24,089 | +34.3% |
| Distributable reserves | 133 | €70,270 | €94,359 | +€24,089 | +34.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €623,389 | €558,096 | -€65,293 | -10.5% |
| Amounts payable after more than one year | 17 | €253,494 | €210,578 | -€42,916 | -16.9% |
| Financial debts | 170/4 | €253,494 | €210,578 | -€42,916 | -16.9% |
| Amounts payable within one year | 42/48 | €353,551 | €336,870 | -€16,680 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €69,495 | €42,916 | -€26,579 | -38.2% |
| Trade debts | 44 | €88,580 | €115,329 | +€26,749 | +30.2% |
| Suppliers | 440/4 | €88,580 | €115,329 | +€26,749 | +30.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €194,273 | €178,625 | -€15,648 | -8.1% |
| Taxes | 450/3 | €129,144 | €112,469 | -€16,675 | -12.9% |
| Remuneration and social security | 454/9 | €65,129 | €66,156 | +€1,027 | +1.6% |
| Other amounts payable | 47/48 | €1,203 | €0 | -€1,203 | -100.0% |
| Accrued charges and deferred income | 492/3 | €16,345 | €10,648 | -€5,697 | -34.9% |
| Non-recurring operating income | 76A | €4,183 | €20,972 | +€16,789 | +401.3% |
| Remuneration, social security and pensions | 62 | €424,016 | €362,706 | -€61,310 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,376 | €52,927 | -€12,449 | -19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €221 | +€221 | |
| Other operating charges | 640/8 | €15,696 | €14,768 | -€928 | -5.9% |
| Non-recurring operating charges | 66A | €0 | €860 | +€860 | |
| Gross operating margin | 9900 | €660,201 | €485,223 | -€174,978 | -26.5% |
| Operating profit (loss) | 9901 | €155,113 | €53,741 | -€101,372 | -65.4% |
| Financial income | 75/76B | €3,112 | €2,157 | -€955 | -30.7% |
| Recurring financial income | 75 | €3,112 | €2,157 | -€955 | -30.7% |
| Financial charges | 65/66B | €21,585 | €16,640 | -€4,945 | -22.9% |
| Recurring financial charges | 65 | €21,585 | €16,640 | -€4,945 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | €136,640 | €39,258 | -€97,382 | -71.3% |
| Income taxes | 67/77 | €34,905 | €15,169 | -€19,737 | -56.5% |
| Profit (loss) for the period | 9904 | €101,734 | €24,089 | -€77,646 | -76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,734 | €24,089 | -€77,646 | -76.3% |
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 29 September 2026 via checked.be.