F.A.A.D.: 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.
F.A.A.D.
Largest movements
- Tangible fixed assets +€7,734
up €7,734 (+73.1%), from €10,584 to €18,318
- Receivables after one year +€636
new in 2025: €636
- Other debts +€7,389
up €7,389 (+241.7%), from €3,057 to €10,447
- Tax, wage and social debts +€1,051
new in 2025: €1,051
- Short-term financial debts -€476
no longer reported in 2025 (was €476)
- Gross operating margin +€26,365
up €26,365 (+592.6%), from €4,449 to €30,814
- Staff costs +€23,148
new in 2025: €23,148
- Depreciation +€3,697
up €3,697 (+104.8%), from €3,528 to €7,225
- Other operating charges -€560
down €560 (-58.3%), from €959 to €400
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,762 | €21,125 | +€8,363 | +65.5% |
| Fixed assets | 21/28 | €12,699 | €20,433 | +€7,734 | +60.9% |
| Tangible fixed assets | 22/27 | €10,584 | €18,318 | +€7,734 | +73.1% |
| Furniture and vehicles | 24 | €10,584 | €18,318 | +€7,734 | +73.1% |
| Financial fixed assets | 28 | €2,115 | €2,115 | = | 0.0% |
| Current assets | 29/58 | €63 | €692 | +€629 | +1005.3% |
| Amounts receivable after more than one year | 29 | - | €636 | +€636 | |
| Other amounts receivable | 291 | - | €636 | +€636 | |
| Amounts receivable within one year | 40/41 | €63 | - | -€63 | |
| Other amounts receivable | 41 | €63 | - | -€63 | |
| Cash at bank and in hand | 54/58 | - | €56 | +€56 | |
| Total equity and liabilities | 10/49 | €12,762 | €21,125 | +€8,363 | +65.5% |
| Equity | 10/15 | €8,690 | €8,883 | +€192 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €723 | €723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €723 | - | -€723 | |
| Reserves not available under the articles | 1311 | €723 | - | -€723 | |
| Distributable reserves | 133 | - | €723 | +€723 | |
| Profit (loss) carried forward | 14 | -€10,633 | -€10,440 | +€192 | +1.8% |
| Amounts payable | 17/49 | €4,072 | €12,242 | +€8,170 | +200.6% |
| Amounts payable within one year | 42/48 | €4,072 | €12,242 | +€8,170 | +200.6% |
| Financial debts | 43 | €476 | - | -€476 | |
| Credit institutions | 430/8 | €476 | - | -€476 | |
| Trade debts | 44 | €538 | €744 | +€206 | +38.2% |
| Suppliers | 440/4 | €538 | €744 | +€206 | +38.2% |
| Taxes, remuneration and social security | 45 | - | €1,051 | +€1,051 | |
| Taxes | 450/3 | - | €1,051 | +€1,051 | |
| Other amounts payable | 47/48 | €3,057 | €10,447 | +€7,389 | +241.7% |
| Remuneration, social security and pensions | 62 | - | €23,148 | +€23,148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,528 | €7,225 | +€3,697 | +104.8% |
| Other operating charges | 640/8 | €959 | €400 | -€560 | -58.3% |
| Gross operating margin | 9900 | €4,449 | €30,814 | +€26,365 | +592.6% |
| Operating profit (loss) | 9901 | -€38 | €41 | +€80 | |
| Profit (loss) for the period before taxes | 9903 | -€38 | €41 | +€80 | |
| Profit (loss) for the period | 9904 | -€38 | €41 | +€80 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38 | €41 | +€80 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.