F.A.C.C.: 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.
F.A.C.C.
Largest movements
- Current investments +€149,068
up €149,068 (+101.4%), from €146,970 to €296,038
- Intangible fixed assets -€64,000
down €64,000 (-10.9%), from €589,156 to €525,156
- Cash -€43,299
down €43,299 (-53.3%), from €81,309 to €38,010
mainly Contributions, distributions and other (-€258,089) and Debts after one year (-€178,324)
- Receivables within one year -€34,919
down €34,919 (-58.2%), from €59,973 to €25,054
of which Trade receivables: -€34,061
- Tangible fixed assets -€27,899
down €27,899 (-8.1%), from €345,840 to €317,942
of which Plant, machinery and equipment: -€15,639
- Debts after one year -€178,324
down €178,324 (-32.9%), from €542,702 to €364,379
- Other debts +€146,553
up €146,553 (+69.7%), from €210,175 to €356,728
- Trade debts +€32,668
up €32,668 (+50.3%), from €64,987 to €97,655
- Contributions -€16,740
down €16,740 (-90.0%), from €18,600 to €1,860
- Gross operating margin +€82,313
up €82,313 (+17.7%), from €464,940 to €547,253
- Taxes +€16,887
up €16,887 (+26.2%), from €64,485 to €81,372
- Depreciation +€7,069
up €7,069 (+7.7%), from €92,058 to €99,127
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 | €1,229,714 | €1,219,925 | -€9,789 | -0.8% |
| Fixed assets | 21/28 | €934,996 | €843,098 | -€91,899 | -9.8% |
| Intangible fixed assets | 21 | €589,156 | €525,156 | -€64,000 | -10.9% |
| Tangible fixed assets | 22/27 | €345,840 | €317,942 | -€27,899 | -8.1% |
| Land and buildings | 22 | €273,027 | €263,525 | -€9,502 | -3.5% |
| Plant, machinery and equipment | 23 | €56,541 | €40,901 | -€15,639 | -27.7% |
| Furniture and vehicles | 24 | €16,273 | €13,515 | -€2,757 | -16.9% |
| Current assets | 29/58 | €294,717 | €376,827 | +€82,110 | +27.9% |
| Amounts receivable within one year | 40/41 | €59,973 | €25,054 | -€34,919 | -58.2% |
| Trade receivables | 40 | €58,983 | €24,922 | -€34,061 | -57.7% |
| Other amounts receivable | 41 | €989 | €131 | -€858 | -86.7% |
| Current investments | 50/53 | €146,970 | €296,038 | +€149,068 | +101.4% |
| Cash at bank and in hand | 54/58 | €81,309 | €38,010 | -€43,299 | -53.3% |
| Deferred charges and accrued income | 490/1 | €6,465 | €17,725 | +€11,260 | +174.2% |
| Total equity and liabilities | 10/49 | €1,229,714 | €1,219,925 | -€9,789 | -0.8% |
| Equity | 10/15 | €135,255 | €118,515 | -€16,740 | -12.4% |
| Contributions | 10/11 | €18,600 | €1,860 | -€16,740 | -90.0% |
| Reserves | 13 | €116,655 | €116,655 | = | 0.0% |
| Distributable reserves | 133 | €116,655 | €116,655 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,094,459 | €1,101,410 | +€6,951 | +0.6% |
| Amounts payable after more than one year | 17 | €542,702 | €364,379 | -€178,324 | -32.9% |
| Financial debts | 170/4 | €542,702 | €364,379 | -€178,324 | -32.9% |
| Amounts payable within one year | 42/48 | €551,756 | €737,031 | +€185,275 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €155,000 | €150,000 | -€5,000 | -3.2% |
| Financial debts | 43 | €61,476 | €73,355 | +€11,879 | +19.3% |
| Credit institutions | 430/8 | €61,476 | €73,355 | +€11,879 | +19.3% |
| Trade debts | 44 | €64,987 | €97,655 | +€32,668 | +50.3% |
| Suppliers | 440/4 | €64,987 | €97,655 | +€32,668 | +50.3% |
| Taxes, remuneration and social security | 45 | €60,118 | €59,293 | -€825 | -1.4% |
| Taxes | 450/3 | €56,237 | €56,517 | +€280 | +0.5% |
| Remuneration and social security | 454/9 | €3,882 | €2,776 | -€1,106 | -28.5% |
| Other amounts payable | 47/48 | €210,175 | €356,728 | +€146,553 | +69.7% |
| Non-recurring operating income | 76A | €1,607 | €0 | -€1,607 | -100.0% |
| Remuneration, social security and pensions | 62 | €106,919 | €104,339 | -€2,580 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,058 | €99,127 | +€7,069 | +7.7% |
| Other operating charges | 640/8 | €1,817 | €2,694 | +€877 | +48.3% |
| Non-recurring operating charges | 66A | - | €246 | +€246 | |
| Gross operating margin | 9900 | €464,940 | €547,253 | +€82,313 | +17.7% |
| Operating profit (loss) | 9901 | €264,146 | €340,847 | +€76,701 | +29.0% |
| Financial income | 75/76B | €2,116 | €6,115 | +€3,999 | +189.0% |
| Recurring financial income | 75 | €2,116 | €6,115 | +€3,999 | +189.0% |
| Financial charges | 65/66B | €23,991 | €24,241 | +€249 | +1.0% |
| Recurring financial charges | 65 | €23,991 | €24,241 | +€249 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €242,271 | €322,721 | +€80,451 | +33.2% |
| Income taxes | 67/77 | €64,485 | €81,372 | +€16,887 | +26.2% |
| Profit (loss) for the period | 9904 | €177,785 | €241,349 | +€63,564 | +35.8% |
| Transfer from tax-exempt reserves | 789 | €296 | €0 | -€296 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €178,082 | €241,349 | +€63,268 | +35.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.