ACTARUS: 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.
ACTARUS
Largest movements
- Receivables after one year -€747,390
down €747,390 (-24.3%), from €3.1m to €2.3m
- Financial fixed assets -€300,000
down €300,000 (-21.8%), from €1.4m to €1.1m
- Receivables within one year +€107,814
up €107,814 (+54.3%), from €198,463 to €306,277
of which Trade receivables: +€96,429
- Profit (loss) carried forward -€711,600
down €711,600, from €495,476 to -€216,124
- Reserves -€96,306
down €96,306 (-2.3%), from €4.2m to €4.1m
- Tax, wage and social debts -€78,359
down €78,359 (-89.5%), from €87,586 to €9,226
of which Taxes: -€68,522
- Staff costs -€90,119
down €90,119 (-43.4%), from €207,723 to €117,604
- Gross operating margin -€51,235
down €51,235 (-33.7%), from €151,859 to €100,624
- Financial income +€47,777
up €47,777 (+228%), from €20,988 to €68,765
- Other operating charges +€4,639
up €4,639 (+110%), from €4,226 to €8,865
- Financial charges +€4,580
up €4,580 (+192%), from €2,383 to €6,963
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 | €4,806,660 | €3,904,784 | -€901,876 | -18.8% |
| Fixed assets | 21/28 | €1,421,100 | €1,108,374 | -€312,726 | -22.0% |
| Tangible fixed assets | 22/27 | €45,914 | €33,188 | -€12,726 | -27.7% |
| Furniture and vehicles | 24 | €42,817 | €30,748 | -€12,068 | -28.2% |
| Other tangible fixed assets | 26 | €3,098 | €2,440 | -€658 | -21.2% |
| Financial fixed assets | 28 | €1,375,186 | €1,075,186 | -€300,000 | -21.8% |
| Current assets | 29/58 | €3,385,560 | €2,796,409 | -€589,150 | -17.4% |
| Amounts receivable after more than one year | 29 | €3,075,000 | €2,327,610 | -€747,390 | -24.3% |
| Other amounts receivable | 291 | €3,075,000 | €2,327,610 | -€747,390 | -24.3% |
| Amounts receivable within one year | 40/41 | €198,463 | €306,277 | +€107,814 | +54.3% |
| Trade receivables | 40 | €163,490 | €259,919 | +€96,429 | +59.0% |
| Other amounts receivable | 41 | €34,973 | €46,358 | +€11,385 | +32.6% |
| Cash at bank and in hand | 54/58 | €111,470 | €157,006 | +€45,535 | +40.8% |
| Deferred charges and accrued income | 490/1 | €626 | €5,516 | +€4,891 | +782% |
| Total equity and liabilities | 10/49 | €4,806,660 | €3,904,784 | -€901,876 | -18.8% |
| Equity | 10/15 | €4,672,676 | €3,864,770 | -€807,906 | -17.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,158,599 | €4,062,293 | -€96,306 | -2.3% |
| Distributable reserves | 133 | €4,158,599 | €4,062,293 | -€96,306 | -2.3% |
| Profit (loss) carried forward | 14 | €495,476 | -€216,124 | -€711,600 | |
| Amounts payable | 17/49 | €133,984 | €40,014 | -€93,970 | -70.1% |
| Amounts payable after more than one year | 17 | €8,673 | - | -€8,673 | |
| Financial debts | 170/4 | €8,673 | - | -€8,673 | |
| Amounts payable within one year | 42/48 | €125,312 | €40,014 | -€85,297 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €15,685 | €8,673 | -€7,012 | -44.7% |
| Trade debts | 44 | €12,418 | €9,341 | -€3,077 | -24.8% |
| Suppliers | 440/4 | €12,418 | €9,341 | -€3,077 | -24.8% |
| Taxes, remuneration and social security | 45 | €87,586 | €9,226 | -€78,359 | -89.5% |
| Taxes | 450/3 | €76,807 | €8,285 | -€68,522 | -89.2% |
| Remuneration and social security | 454/9 | €10,778 | €941 | -€9,837 | -91.3% |
| Other amounts payable | 47/48 | €9,624 | €12,775 | +€3,151 | +32.7% |
| Non-recurring operating income | 76A | - | €2,667 | +€2,667 | |
| Remuneration, social security and pensions | 62 | €207,723 | €117,604 | -€90,119 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,961 | €21,885 | +€3,923 | +21.8% |
| Other operating charges | 640/8 | €4,226 | €8,865 | +€4,639 | +110% |
| Non-recurring operating charges | 66A | - | €725,292 | +€725,292 | |
| Gross operating margin | 9900 | €151,859 | €100,624 | -€51,235 | -33.7% |
| Operating profit (loss) | 9901 | -€78,052 | -€773,022 | -€694,970 | -890% |
| Financial income | 75/76B | €20,988 | €68,765 | +€47,777 | +228% |
| Recurring financial income | 75 | €20,988 | €68,765 | +€47,777 | +228% |
| Financial charges | 65/66B | €2,383 | €6,963 | +€4,580 | +192% |
| Recurring financial charges | 65 | €2,383 | €6,963 | +€4,580 | +192% |
| Profit (loss) for the period before taxes | 9903 | -€59,448 | -€711,221 | -€651,773 | -1,096% |
| Income taxes | 67/77 | €821 | €379 | -€441 | -53.8% |
| Profit (loss) for the period | 9904 | -€60,269 | -€711,600 | -€651,331 | -1,081% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,269 | -€711,600 | -€651,331 | -1,081% |
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 30 October 2026 via checked.be.