PASSAGE A L'ACTE: 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.
PASSAGE A L'ACTE
Largest movements
- Tangible fixed assets +€24,066
up €24,066 (+23.5%), from €102,216 to €126,281
of which Furniture and vehicles: +€36,393
- Deferred charges and accrued income -€6,342
down €6,342 (-96.6%), from €6,564 to €222
- Cash -€4,925
down €4,925 (-8.2%), from €60,289 to €55,365
mainly Investment in fixed assets (net) (-€36,936) and Net result for the year (-€15,840)
- Receivables within one year +€2,487
up €2,487 (+19.6%), from €12,693 to €15,180
of which Other amounts receivable: +€8,141
- Trade debts +€39,779
up €39,779 (+1,108,051%), from €4 to €39,783
- Profit (loss) carried forward -€15,840
down €15,840 (-11.7%), from €135,822 to €119,982
- Tax, wage and social debts -€9,309
down €9,309 (-83.8%), from €11,103 to €1,794
- Gross operating margin -€38,825
down €38,825, from €36,444 to -€2,380
- Financial charges -€5,071
down €5,071 (-97.1%), from €5,221 to €150
- Other operating charges +€512
up €512 (+123%), from €417 to €928
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 | €181,762 | €197,048 | +€15,286 | +8.4% |
| Fixed assets | 21/28 | €102,216 | €126,281 | +€24,066 | +23.5% |
| Tangible fixed assets | 22/27 | €102,216 | €126,281 | +€24,066 | +23.5% |
| Land and buildings | 22 | €101,780 | €89,453 | -€12,327 | -12.1% |
| Furniture and vehicles | 24 | €435 | €36,828 | +€36,393 | +8,359% |
| Current assets | 29/58 | €79,547 | €70,767 | -€8,780 | -11.0% |
| Amounts receivable within one year | 40/41 | €12,693 | €15,180 | +€2,487 | +19.6% |
| Trade receivables | 40 | €5,655 | €0 | -€5,655 | -100% |
| Other amounts receivable | 41 | €7,039 | €15,180 | +€8,141 | +116% |
| Cash at bank and in hand | 54/58 | €60,289 | €55,365 | -€4,925 | -8.2% |
| Deferred charges and accrued income | 490/1 | €6,564 | €222 | -€6,342 | -96.6% |
| Total equity and liabilities | 10/49 | €181,762 | €197,048 | +€15,286 | +8.4% |
| Equity | 10/15 | €164,273 | €148,433 | -€15,840 | -9.6% |
| Contributions | 10/11 | €6,592 | €6,592 | = | 0.0% |
| Reserves | 13 | €21,859 | €21,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,859 | €21,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,859 | €21,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,822 | €119,982 | -€15,840 | -11.7% |
| Amounts payable | 17/49 | €17,489 | €48,615 | +€31,126 | +178% |
| Amounts payable within one year | 42/48 | €17,489 | €48,615 | +€31,126 | +178% |
| Trade debts | 44 | €4 | €39,783 | +€39,779 | +1,108,051% |
| Suppliers | 440/4 | €4 | €39,783 | +€39,779 | +1,108,051% |
| Taxes, remuneration and social security | 45 | €11,103 | €1,794 | -€9,309 | -83.8% |
| Taxes | 450/3 | €11,103 | €1,794 | -€9,309 | -83.8% |
| Other amounts payable | 47/48 | €6,383 | €7,039 | +€656 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,644 | €12,870 | +€227 | +1.8% |
| Other operating charges | 640/8 | €417 | €928 | +€512 | +123% |
| Gross operating margin | 9900 | €36,444 | -€2,380 | -€38,825 | |
| Operating profit (loss) | 9901 | €23,384 | -€16,179 | -€39,563 | |
| Financial income | 75/76B | €528 | €623 | +€95 | +17.9% |
| Recurring financial income | 75 | €528 | €623 | +€95 | +17.9% |
| Financial charges | 65/66B | €5,221 | €150 | -€5,071 | -97.1% |
| Recurring financial charges | 65 | €5,221 | €150 | -€5,071 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €18,692 | -€15,706 | -€34,398 | |
| Income taxes | 67/77 | €174 | €135 | -€40 | -22.8% |
| Profit (loss) for the period | 9904 | €18,518 | -€15,840 | -€34,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,518 | -€15,840 | -€34,358 |
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 28 October 2026 via checked.be.