F.A.BART CELEN: 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.BART CELEN
Largest movements
- Intangible fixed assets -€40,500
down €40,500 (-12.2%), from €331,101 to €290,601
- Cash +€8,682
up €8,682 (+14.2%), from €61,191 to €69,873
mainly Depreciation (+€47,408) and Net result for the year (+€8,391)
- Debts after one year -€41,266
down €41,266 (-13.2%), from €311,962 to €270,696
- Reserves +€8,391
up €8,391 (+3.6%), from €233,845 to €242,236
of which Distributable reserves: +€8,391
- Gross operating margin -€62,821
down €62,821 (-37.8%), from €166,347 to €103,526
- Taxes -€16,098
down €16,098 (-68.5%), from €23,492 to €7,394
- Financial income -€6,519
down €6,519 (-99.8%), from €6,532 to €13
of which Non-recurring financial income: -€4,864
- Staff costs -€3,607
down €3,607 (-13.8%), from €26,162 to €22,556
- Financial charges -€2,145
down €2,145 (-11.8%), from €18,235 to €16,091
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 | €616,361 | €582,697 | -€33,665 | -5.5% |
| Fixed assets | 21/28 | €348,556 | €303,520 | -€45,036 | -12.9% |
| Intangible fixed assets | 21 | €331,101 | €290,601 | -€40,500 | -12.2% |
| Tangible fixed assets | 22/27 | €17,454 | €12,918 | -€4,536 | -26.0% |
| Land and buildings | 22 | €1,349 | €1,011 | -€337 | -25.0% |
| Plant, machinery and equipment | 23 | €1,673 | €2,814 | +€1,141 | +68.2% |
| Furniture and vehicles | 24 | €14,433 | €9,093 | -€5,340 | -37.0% |
| Current assets | 29/58 | €267,805 | €279,177 | +€11,371 | +4.2% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €183,536 | €186,116 | +€2,580 | +1.4% |
| Other amounts receivable | 41 | €183,536 | €186,116 | +€2,580 | +1.4% |
| Cash at bank and in hand | 54/58 | €61,191 | €69,873 | +€8,682 | +14.2% |
| Deferred charges and accrued income | 490/1 | €3,078 | €3,187 | +€109 | +3.5% |
| Total equity and liabilities | 10/49 | €616,361 | €582,697 | -€33,665 | -5.5% |
| Equity | 10/15 | €250,342 | €258,733 | +€8,391 | +3.4% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €233,845 | €242,236 | +€8,391 | +3.6% |
| Tax-exempt reserves | 132 | €350 | €350 | = | 0.0% |
| Distributable reserves | 133 | €233,495 | €241,886 | +€8,391 | +3.6% |
| Profit (loss) carried forward | 14 | €2,297 | €2,297 | = | 0.0% |
| Amounts payable | 17/49 | €366,020 | €323,964 | -€42,056 | -11.5% |
| Amounts payable after more than one year | 17 | €311,962 | €270,696 | -€41,266 | -13.2% |
| Financial debts | 170/4 | €311,962 | €270,696 | -€41,266 | -13.2% |
| Amounts payable within one year | 42/48 | €54,058 | €53,268 | -€790 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €39,371 | €41,266 | +€1,895 | +4.8% |
| Financial debts | 43 | €5,000 | €5,000 | = | 0.0% |
| Credit institutions | 430/8 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €6,003 | €3,493 | -€2,510 | -41.8% |
| Suppliers | 440/4 | €6,003 | €3,493 | -€2,510 | -41.8% |
| Taxes, remuneration and social security | 45 | €3,683 | €3,509 | -€175 | -4.7% |
| Remuneration and social security | 454/9 | €3,683 | €3,509 | -€175 | -4.7% |
| Remuneration, social security and pensions | 62 | €26,162 | €22,556 | -€3,607 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,154 | €47,408 | -€746 | -1.5% |
| Other operating charges | 640/8 | €1,603 | €1,700 | +€97 | +6.0% |
| Gross operating margin | 9900 | €166,347 | €103,526 | -€62,821 | -37.8% |
| Operating profit (loss) | 9901 | €90,429 | €31,863 | -€58,565 | -64.8% |
| Financial income | 75/76B | €6,532 | €13 | -€6,519 | -99.8% |
| Recurring financial income | 75 | €1,668 | €13 | -€1,655 | -99.2% |
| Non-recurring financial income | 76B | €4,864 | - | -€4,864 | |
| Financial charges | 65/66B | €18,235 | €16,091 | -€2,145 | -11.8% |
| Recurring financial charges | 65 | €18,235 | €16,091 | -€2,145 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €78,725 | €15,786 | -€62,940 | -79.9% |
| Income taxes | 67/77 | €23,492 | €7,394 | -€16,098 | -68.5% |
| Profit (loss) for the period | 9904 | €55,233 | €8,391 | -€46,842 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,233 | €8,391 | -€46,842 | -84.8% |
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 25 October 2026 via checked.be.