De Facq: 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.
De Facq
Largest movements
- Current investments +€35,000
new in 2025: €35,000
- Reserves +€53,973
up €53,973 (+128%), from €42,144 to €96,117
- Other debts -€21,926
down €21,926 (-92.6%), from €23,681 to €1,755
- Tax, wage and social debts +€2,542
up €2,542 (+29.6%), from €8,591 to €11,133
- Gross operating margin +€14,253
up €14,253 (+24.7%), from €57,752 to €72,005
- Taxes +€3,545
up €3,545 (+28.2%), from €12,549 to €16,094
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 | €75,634 | €111,220 | +€35,585 | +47.0% |
| Formation expenses | 20 | €50 | €0 | -€50 | -100% |
| Fixed assets | 21/28 | €2,815 | €2,459 | -€356 | -12.6% |
| Tangible fixed assets | 22/27 | €2,815 | €2,459 | -€356 | -12.6% |
| Furniture and vehicles | 24 | €700 | €812 | +€111 | +15.9% |
| Other tangible fixed assets | 26 | €2,114 | €1,647 | -€467 | -22.1% |
| Current assets | 29/58 | €72,769 | €108,761 | +€35,992 | +49.5% |
| Amounts receivable within one year | 40/41 | €13,265 | €14,253 | +€988 | +7.4% |
| Trade receivables | 40 | €11,798 | €13,976 | +€2,178 | +18.5% |
| Other amounts receivable | 41 | €1,468 | €277 | -€1,190 | -81.1% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €39,868 | €40,230 | +€362 | +0.9% |
| Deferred charges and accrued income | 490/1 | €19,636 | €19,278 | -€358 | -1.8% |
| Total equity and liabilities | 10/49 | €75,634 | €111,220 | +€35,585 | +47.0% |
| Equity | 10/15 | €43,144 | €97,117 | +€53,973 | +125% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,144 | €96,117 | +€53,973 | +128% |
| Distributable reserves | 133 | €42,144 | €96,117 | +€53,973 | +128% |
| Amounts payable | 17/49 | €32,491 | €14,103 | -€18,387 | -56.6% |
| Amounts payable within one year | 42/48 | €32,491 | €14,103 | -€18,387 | -56.6% |
| Trade debts | 44 | €218 | €1,216 | +€997 | +457% |
| Suppliers | 440/4 | €218 | €1,216 | +€997 | +457% |
| Taxes, remuneration and social security | 45 | €8,591 | €11,133 | +€2,542 | +29.6% |
| Taxes | 450/3 | €8,591 | €11,133 | +€2,542 | +29.6% |
| Other amounts payable | 47/48 | €23,681 | €1,755 | -€21,926 | -92.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,480 | €979 | -€501 | -33.8% |
| Other operating charges | 640/8 | €780 | €586 | -€194 | -24.9% |
| Gross operating margin | 9900 | €57,752 | €72,005 | +€14,253 | +24.7% |
| Operating profit (loss) | 9901 | €55,492 | €70,440 | +€14,947 | +26.9% |
| Financial income | 75/76B | €64 | €193 | +€130 | +204% |
| Recurring financial income | 75 | €64 | €193 | +€130 | +204% |
| Financial charges | 65/66B | €863 | €566 | -€297 | -34.4% |
| Recurring financial charges | 65 | €863 | €566 | -€297 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €54,693 | €70,067 | +€15,374 | +28.1% |
| Income taxes | 67/77 | €12,549 | €16,094 | +€3,545 | +28.2% |
| Profit (loss) for the period | 9904 | €42,144 | €53,973 | +€11,829 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,144 | €53,973 | +€11,829 | +28.1% |
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 15 October 2026 via checked.be.