B-FAES: what changed
Two fiscal 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.
B-FAES
Largest movements
- Cash +€14,053
up €14,053 (+20.5%), from €68,564 to €82,618
mainly Other debts (+€82,227) and Net result for the year (+€41,151)
- Tangible fixed assets -€13,641
down €13,641 (-23.6%), from €57,808 to €44,167
of which Furniture and vehicles: -€11,145
- Deferred charges and accrued income -€11,007
down €11,007 (-60.2%), from €18,294 to €7,287
- Receivables within one year +€10,602
up €10,602 (+72.6%), from €14,593 to €25,195
of which Other amounts receivable: +€7,881
- Other debts +€82,227
up €82,227 (+13503.7%), from €609 to €82,836
- Reserves -€58,222
down €58,222 (-59.1%), from €98,573 to €40,351
- Tax, wage and social debts -€10,675
down €10,675 (-62.3%), from €17,134 to €6,459
of which Taxes: -€12,429
- Debts after one year -€8,915
down €8,915 (-32.9%), from €27,071 to €18,156
- Trade debts -€4,769
down €4,769 (-99.0%), from €4,819 to €50
- Gross operating margin +€4,752
up €4,752 (+7.0%), from €68,021 to €72,773
- Financial charges -€4,028
down €4,028 (-72.2%), from €5,583 to €1,555
- Depreciation -€1,131
down €1,131 (-5.9%), from €19,323 to €18,193
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.
Cash bridge derived
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 | €159,259 | €159,266 | +€7 | 0.0% |
| Fixed assets | 21/28 | €57,808 | €44,167 | -€13,641 | -23.6% |
| Tangible fixed assets | 22/27 | €57,808 | €44,167 | -€13,641 | -23.6% |
| Land and buildings | 22 | €3,085 | €2,735 | -€350 | -11.3% |
| Plant, machinery and equipment | 23 | €2,146 | - | -€2,146 | |
| Furniture and vehicles | 24 | €52,577 | €41,432 | -€11,145 | -21.2% |
| Current assets | 29/58 | €101,452 | €115,100 | +€13,648 | +13.5% |
| Amounts receivable within one year | 40/41 | €14,593 | €25,195 | +€10,602 | +72.6% |
| Trade receivables | 40 | €14,593 | €17,315 | +€2,721 | +18.6% |
| Other amounts receivable | 41 | €0 | €7,881 | +€7,881 | |
| Cash at bank and in hand | 54/58 | €68,564 | €82,618 | +€14,053 | +20.5% |
| Deferred charges and accrued income | 490/1 | €18,294 | €7,287 | -€11,007 | -60.2% |
| Total equity and liabilities | 10/49 | €159,259 | €159,266 | +€7 | 0.0% |
| Equity | 10/15 | €101,073 | €42,851 | -€58,222 | -57.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €98,573 | €40,351 | -€58,222 | -59.1% |
| Distributable reserves | 133 | €98,573 | €40,351 | -€58,222 | -59.1% |
| Amounts payable | 17/49 | €58,187 | €116,416 | +€58,229 | +100.1% |
| Amounts payable after more than one year | 17 | €27,071 | €18,156 | -€8,915 | -32.9% |
| Financial debts | 170/4 | €27,071 | €18,156 | -€8,915 | -32.9% |
| Amounts payable within one year | 42/48 | €31,116 | €98,260 | +€67,145 | +215.8% |
| Current portion of amounts payable after more than one year | 42 | €8,554 | €8,915 | +€362 | +4.2% |
| Trade debts | 44 | €4,819 | €50 | -€4,769 | -99.0% |
| Suppliers | 440/4 | €4,819 | €50 | -€4,769 | -99.0% |
| Taxes, remuneration and social security | 45 | €17,134 | €6,459 | -€10,675 | -62.3% |
| Taxes | 450/3 | €17,134 | €4,705 | -€12,429 | -72.5% |
| Remuneration and social security | 454/9 | - | €1,754 | +€1,754 | |
| Other amounts payable | 47/48 | €609 | €82,836 | +€82,227 | +13503.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €2,384 | +€2,384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,323 | €18,193 | -€1,131 | -5.9% |
| Other operating charges | 640/8 | €576 | €756 | +€180 | +31.2% |
| Gross operating margin | 9900 | €68,021 | €72,773 | +€4,752 | +7.0% |
| Operating profit (loss) | 9901 | €48,122 | €53,825 | +€5,703 | +11.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,583 | €1,555 | -€4,028 | -72.2% |
| Recurring financial charges | 65 | €5,583 | €1,555 | -€4,028 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €42,539 | €52,270 | +€9,731 | +22.9% |
| Income taxes | 67/77 | €11,797 | €11,119 | -€678 | -5.7% |
| Profit (loss) for the period | 9904 | €30,742 | €41,151 | +€10,409 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,742 | €41,151 | +€10,409 | +33.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.