B-FAK: 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.
B-FAK
Largest movements
- Current investments +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Deferred charges and accrued income +€6,516
up €6,516 (+66.0%), from €9,867 to €16,383
- Cash -€6,203
down €6,203 (-13.8%), from €44,996 to €38,792
mainly Current investments (-€30,000) and Deferred charges and accrued income (-€6,516)
- Receivables within one year +€4,403
up €4,403 (+141%), from €3,119 to €7,523
of which Trade receivables: +€4,379
- Reserves +€34,837
up €34,837 (+40.6%), from €85,830 to €120,666
- Gross operating margin -€3,890
down €3,890 (-7.1%), from €54,946 to €51,056
- Taxes -€986
down €986 (-6.5%), from €15,227 to €14,242
- Depreciation -€769
down €769 (-28.2%), from €2,725 to €1,956
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 | €112,859 | €146,534 | +€33,675 | +29.8% |
| Fixed assets | 21/28 | €4,877 | €3,836 | -€1,041 | -21.3% |
| Tangible fixed assets | 22/27 | €4,877 | €3,836 | -€1,041 | -21.3% |
| Plant, machinery and equipment | 23 | €4,877 | €3,836 | -€1,041 | -21.3% |
| Current assets | 29/58 | €107,982 | €142,698 | +€34,716 | +32.1% |
| Amounts receivable within one year | 40/41 | €3,119 | €7,523 | +€4,403 | +141% |
| Trade receivables | 40 | €3,119 | €7,499 | +€4,379 | +140% |
| Other amounts receivable | 41 | - | €24 | +€24 | |
| Current investments | 50/53 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €44,996 | €38,792 | -€6,203 | -13.8% |
| Deferred charges and accrued income | 490/1 | €9,867 | €16,383 | +€6,516 | +66.0% |
| Total equity and liabilities | 10/49 | €112,859 | €146,534 | +€33,675 | +29.8% |
| Equity | 10/15 | €86,880 | €121,716 | +€34,837 | +40.1% |
| Contributions | 10/11 | €1,050 | €1,050 | = | 0.0% |
| Reserves | 13 | €85,830 | €120,666 | +€34,837 | +40.6% |
| Distributable reserves | 133 | €85,830 | €120,666 | +€34,837 | +40.6% |
| Amounts payable | 17/49 | €25,979 | €24,818 | -€1,162 | -4.5% |
| Amounts payable within one year | 42/48 | €25,979 | €24,818 | -€1,162 | -4.5% |
| Trade debts | 44 | €1,769 | €1,904 | +€134 | +7.6% |
| Suppliers | 440/4 | €1,769 | €1,904 | +€134 | +7.6% |
| Advances received on contracts in progress | 46 | €487 | - | -€487 | |
| Taxes, remuneration and social security | 45 | €19,872 | €19,506 | -€367 | -1.8% |
| Taxes | 450/3 | €15,334 | €13,133 | -€2,201 | -14.4% |
| Remuneration and social security | 454/9 | €4,538 | €6,373 | +€1,835 | +40.4% |
| Other amounts payable | 47/48 | €3,851 | €3,408 | -€443 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,725 | €1,956 | -€769 | -28.2% |
| Other operating charges | 640/8 | €736 | €838 | +€103 | +14.0% |
| Non-recurring operating charges | 66A | - | €200 | +€200 | |
| Gross operating margin | 9900 | €54,946 | €51,056 | -€3,890 | -7.1% |
| Operating profit (loss) | 9901 | €51,485 | €48,062 | -€3,424 | -6.7% |
| Financial income | 75/76B | €678 | €1,202 | +€524 | +77.2% |
| Recurring financial income | 75 | €678 | €1,202 | +€524 | +77.2% |
| Financial charges | 65/66B | €118 | €185 | +€67 | +56.7% |
| Recurring financial charges | 65 | €118 | €185 | +€67 | +56.7% |
| Profit (loss) for the period before taxes | 9903 | €52,045 | €49,078 | -€2,967 | -5.7% |
| Income taxes | 67/77 | €15,227 | €14,242 | -€986 | -6.5% |
| Profit (loss) for the period | 9904 | €36,818 | €34,837 | -€1,981 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,818 | €34,837 | -€1,981 | -5.4% |
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 29 October 2026 via checked.be.