AKTIV: 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.
AKTIV
Largest movements
- Tangible fixed assets -€39,561
down €39,561 (-2.0%), from €2.0m to €1.9m
of which Land and buildings: -€41,221
- Trade debts -€35,187
down €35,187 (-97.6%), from €36,051 to €864
- Depreciation +€33,865
up €33,865 (+106%), from €32,030 to €65,896
- Gross operating margin +€31,525
up €31,525 (+46.2%), from €68,236 to €99,761
- Financial income +€5,553
up €5,553 (+244%), from €2,276 to €7,828
- Financial charges +€1,056
up €1,056 (+4.0%), from €26,473 to €27,530
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 | €1,995,121 | €1,954,662 | -€40,459 | -2.0% |
| Fixed assets | 21/28 | €1,980,362 | €1,941,638 | -€38,724 | -2.0% |
| Intangible fixed assets | 21 | - | €3,397 | +€3,397 | |
| Tangible fixed assets | 22/27 | €1,977,602 | €1,938,041 | -€39,561 | -2.0% |
| Land and buildings | 22 | €1,977,602 | €1,936,380 | -€41,221 | -2.1% |
| Furniture and vehicles | 24 | - | €1,661 | +€1,661 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €2,760 | €200 | -€2,560 | -92.8% |
| Current assets | 29/58 | €14,759 | €13,024 | -€1,735 | -11.8% |
| Amounts receivable within one year | 40/41 | €3,256 | €1,789 | -€1,467 | -45.0% |
| Trade receivables | 40 | €3,256 | €1,789 | -€1,467 | -45.0% |
| Cash at bank and in hand | 54/58 | €10,084 | €10,313 | +€228 | +2.3% |
| Deferred charges and accrued income | 490/1 | €1,419 | €922 | -€497 | -35.0% |
| Total equity and liabilities | 10/49 | €1,995,121 | €1,954,662 | -€40,459 | -2.0% |
| Equity | 10/15 | €291,386 | €319,395 | +€28,009 | +9.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,340 | -€20,503 | +€10,837 | +34.6% |
| Investment grants | 15 | €222,726 | €239,898 | +€17,172 | +7.7% |
| Amounts payable | 17/49 | €1,703,735 | €1,635,267 | -€68,468 | -4.0% |
| Amounts payable after more than one year | 17 | €1,559,996 | €1,550,939 | -€9,057 | -0.6% |
| Financial debts | 170/4 | €1,559,996 | €1,550,939 | -€9,057 | -0.6% |
| Amounts payable within one year | 42/48 | €125,484 | €78,776 | -€46,708 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €64,335 | €68,875 | +€4,540 | +7.1% |
| Trade debts | 44 | €36,051 | €864 | -€35,187 | -97.6% |
| Suppliers | 440/4 | €36,051 | €864 | -€35,187 | -97.6% |
| Other amounts payable | 47/48 | €25,098 | €9,037 | -€16,061 | -64.0% |
| Accrued charges and deferred income | 492/3 | €18,255 | €5,552 | -€12,704 | -69.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,030 | €65,896 | +€33,865 | +106% |
| Other operating charges | 640/8 | €3,256 | €3,326 | +€70 | +2.2% |
| Gross operating margin | 9900 | €68,236 | €99,761 | +€31,525 | +46.2% |
| Operating profit (loss) | 9901 | €32,950 | €30,539 | -€2,411 | -7.3% |
| Financial income | 75/76B | €2,276 | €7,828 | +€5,553 | +244% |
| Recurring financial income | 75 | €2,276 | €7,828 | +€5,553 | +244% |
| Financial charges | 65/66B | €26,473 | €27,530 | +€1,056 | +4.0% |
| Recurring financial charges | 65 | €26,473 | €27,530 | +€1,056 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €8,752 | €10,837 | +€2,085 | +23.8% |
| Profit (loss) for the period | 9904 | €8,752 | €10,837 | +€2,085 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,752 | €10,837 | +€2,085 | +23.8% |
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 20 October 2026 via checked.be.