ACTIMABEL: 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.
ACTIMABEL
Largest movements
- Financial fixed assets +€660,184
new in 2025: €660,184
- Cash -€94,288
down €94,288 (-94.3%), from €100,000 to €5,712
mainly Investment in fixed assets (net) (-€694,855) and Receivables within one year (-€7,533)
- Tangible fixed assets +€30,373
new in 2025: €30,373
- Receivables within one year +€7,533
new in 2025: €7,533
- Other debts +€486,416
up €486,416 (+608%), from €80,000 to €566,416
- Debts after one year +€90,977
new in 2025: €90,977
- Current portion of long-term debt +€25,446
new in 2025: €25,446
- Gross operating margin +€29,058
new in 2025: €29,058
- Staff costs +€18,750
new in 2025: €18,750
- Depreciation +€4,298
new in 2025: €4,298
- Financial charges +€2,925
new in 2025: €2,925
- Other operating charges +€1,413
new in 2025: €1,413
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €100,000 | €709,641 | +€609,641 | +610% |
| Fixed assets | 21/28 | - | €690,557 | +€690,557 | |
| Tangible fixed assets | 22/27 | - | €30,373 | +€30,373 | |
| Leasing and similar rights | 25 | - | €30,373 | +€30,373 | |
| Financial fixed assets | 28 | - | €660,184 | +€660,184 | |
| Current assets | 29/58 | €100,000 | €19,083 | -€80,917 | -80.9% |
| Amounts receivable within one year | 40/41 | - | €7,533 | +€7,533 | |
| Trade receivables | 40 | - | €7,533 | +€7,533 | |
| Cash at bank and in hand | 54/58 | €100,000 | €5,712 | -€94,288 | -94.3% |
| Deferred charges and accrued income | 490/1 | - | €5,838 | +€5,838 | |
| Total equity and liabilities | 10/49 | €100,000 | €709,641 | +€609,641 | +610% |
| Equity | 10/15 | €20,000 | €21,181 | +€1,181 | +5.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €1,181 | +€1,181 | |
| Amounts payable | 17/49 | €80,000 | €688,460 | +€608,460 | +761% |
| Amounts payable after more than one year | 17 | - | €90,977 | +€90,977 | |
| Financial debts | 170/4 | - | €90,977 | +€90,977 | |
| Amounts payable within one year | 42/48 | €80,000 | €597,483 | +€517,483 | +647% |
| Current portion of amounts payable after more than one year | 42 | - | €25,446 | +€25,446 | |
| Trade debts | 44 | - | €2,779 | +€2,779 | |
| Suppliers | 440/4 | - | €2,779 | +€2,779 | |
| Taxes, remuneration and social security | 45 | - | €2,841 | +€2,841 | |
| Taxes | 450/3 | - | €1,516 | +€1,516 | |
| Remuneration and social security | 454/9 | - | €1,325 | +€1,325 | |
| Other amounts payable | 47/48 | €80,000 | €566,416 | +€486,416 | +608% |
| Remuneration, social security and pensions | 62 | - | €18,750 | +€18,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,298 | +€4,298 | |
| Other operating charges | 640/8 | - | €1,413 | +€1,413 | |
| Gross operating margin | 9900 | - | €29,058 | +€29,058 | |
| Operating profit (loss) | 9901 | - | €4,598 | +€4,598 | |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | - | €2,925 | +€2,925 | |
| Recurring financial charges | 65 | - | €2,925 | +€2,925 | |
| Profit (loss) for the period before taxes | 9903 | - | €1,729 | +€1,729 | |
| Income taxes | 67/77 | - | €548 | +€548 | |
| Profit (loss) for the period | 9904 | - | €1,181 | +€1,181 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €1,181 | +€1,181 |
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 22 October 2026 via checked.be.