ACTEL: 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.
ACTEL
Largest movements
- Tangible fixed assets -€30,874
down €30,874 (-8.6%), from €359,805 to €328,931
- Profit (loss) carried forward -€17,214
down €17,214 (-16.9%), from -€102,102 to -€119,316
- Debts after one year -€9,454
down €9,454 (-5.0%), from €188,392 to €178,938
of which Financial debts: -€9,454
- Reserves -€4,932
down €4,932 (-11.8%), from €41,696 to €36,764
of which Tax-exempt reserves: -€4,932
- Gross operating margin -€561
down €561 (-3.9%), from €14,285 to €13,724
- Other operating charges +€364
up €364 (+11.9%), from €3,048 to €3,412
- Financial charges -€292
down €292 (-15.1%), from €1,940 to €1,648
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 | €389,214 | €360,803 | -€28,411 | -7.3% |
| Fixed assets | 21/28 | €359,805 | €328,931 | -€30,874 | -8.6% |
| Tangible fixed assets | 22/27 | €359,805 | €328,931 | -€30,874 | -8.6% |
| Land and buildings | 22 | €359,805 | €328,931 | -€30,874 | -8.6% |
| Current assets | 29/58 | €29,409 | €31,872 | +€2,463 | +8.4% |
| Cash at bank and in hand | 54/58 | €28,687 | €31,145 | +€2,458 | +8.6% |
| Deferred charges and accrued income | 490/1 | €722 | €727 | +€5 | +0.7% |
| Total equity and liabilities | 10/49 | €389,214 | €360,803 | -€28,411 | -7.3% |
| Equity | 10/15 | €97,094 | €74,948 | -€22,146 | -22.8% |
| Contributions | 10/11 | €157,500 | €157,500 | = | 0.0% |
| Reserves | 13 | €41,696 | €36,764 | -€4,932 | -11.8% |
| Non-distributable reserves | 130/1 | €11,970 | €11,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,970 | €11,970 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,864 | €4,932 | -€4,932 | -50.0% |
| Distributable reserves | 133 | €19,862 | €19,862 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,102 | -€119,316 | -€17,214 | -16.9% |
| Amounts payable | 17/49 | €292,120 | €285,855 | -€6,265 | -2.1% |
| Amounts payable after more than one year | 17 | €188,392 | €178,938 | -€9,454 | -5.0% |
| Financial debts | 170/4 | €30,892 | €21,438 | -€9,454 | -30.6% |
| Other amounts payable | 178/9 | €157,500 | €157,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €103,375 | €106,614 | +€3,239 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €7,729 | €11,118 | +€3,389 | +43.8% |
| Other amounts payable | 47/48 | €95,646 | €95,496 | -€150 | -0.2% |
| Accrued charges and deferred income | 492/3 | €353 | €303 | -€50 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,874 | €30,874 | = | 0.0% |
| Other operating charges | 640/8 | €3,048 | €3,412 | +€364 | +11.9% |
| Gross operating margin | 9900 | €14,285 | €13,724 | -€561 | -3.9% |
| Operating profit (loss) | 9901 | -€19,637 | -€20,562 | -€925 | -4.7% |
| Financial income | 75/76B | €60 | €91 | +€31 | +51.7% |
| Recurring financial income | 75 | €60 | €91 | +€31 | +51.7% |
| Financial charges | 65/66B | €1,940 | €1,648 | -€292 | -15.1% |
| Recurring financial charges | 65 | €1,940 | €1,648 | -€292 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,517 | -€22,119 | -€602 | -2.8% |
| Income taxes | 67/77 | €18 | €27 | +€9 | +50.0% |
| Profit (loss) for the period | 9904 | -€21,535 | -€22,146 | -€611 | -2.8% |
| Transfer from tax-exempt reserves | 789 | €4,933 | €4,932 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,602 | -€17,214 | -€612 | -3.7% |
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 25 October 2026 via checked.be.