F.A.D.S.: 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.D.S.
Largest movements
- Cash -€33,131
down €33,131 (-25.9%), from €128,099 to €94,967
mainly Investment in fixed assets (net) (-€41,121) and Receivables within one year (-€10,364)
- Tangible fixed assets +€23,220
up €23,220 (+16.2%), from €143,621 to €166,841
of which Land and buildings: +€15,658
- Receivables within one year +€10,364
up €10,364 (+136%), from €7,624 to €17,987
of which Other amounts receivable: +€10,665
- Profit (loss) carried forward -€4,629
new in 2025: -€4,629
- Gross operating margin -€13,877
down €13,877 (-33.9%), from €40,931 to €27,054
- Taxes -€5,539
down €5,539 (-94.4%), from €5,870 to €331
- Depreciation +€4,751
up €4,751 (+36.1%), from €13,150 to €17,902
- Other operating charges +€2,813
up €2,813 (+24.2%), from €11,617 to €14,429
- Financial income +€1,082
new in 2025: €1,082
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 | €279,968 | €279,795 | -€173 | -0.1% |
| Fixed assets | 21/28 | €143,621 | €166,841 | +€23,220 | +16.2% |
| Tangible fixed assets | 22/27 | €143,621 | €166,841 | +€23,220 | +16.2% |
| Land and buildings | 22 | €140,687 | €156,345 | +€15,658 | +11.1% |
| Furniture and vehicles | 24 | €2,934 | €10,496 | +€7,561 | +258% |
| Current assets | 29/58 | €136,347 | €112,955 | -€23,393 | -17.2% |
| Amounts receivable within one year | 40/41 | €7,624 | €17,987 | +€10,364 | +136% |
| Trade receivables | 40 | €1,114 | €813 | -€301 | -27.0% |
| Other amounts receivable | 41 | €6,510 | €17,174 | +€10,665 | +164% |
| Cash at bank and in hand | 54/58 | €128,099 | €94,967 | -€33,131 | -25.9% |
| Deferred charges and accrued income | 490/1 | €625 | - | -€625 | |
| Total equity and liabilities | 10/49 | €279,968 | €279,795 | -€173 | -0.1% |
| Equity | 10/15 | €260,379 | €255,750 | -€4,629 | -1.8% |
| Contributions | 10/11 | €80,592 | €80,592 | = | 0.0% |
| Capital | 10 | €68,171 | €68,171 | = | 0.0% |
| Issued capital | 100 | €68,171 | €68,171 | = | 0.0% |
| Contributions outside capital | 11 | €12,421 | €12,421 | = | 0.0% |
| Share premium | 1100/10 | €12,421 | €12,421 | = | 0.0% |
| Reserves | 13 | €179,787 | €179,787 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,059 | €8,059 | = | 0.0% |
| Legal reserve | 130 | €8,059 | €8,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,489 | €40,489 | = | 0.0% |
| Distributable reserves | 133 | €131,238 | €131,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,629 | -€4,629 | |
| Amounts payable | 17/49 | €19,589 | €24,045 | +€4,456 | +22.7% |
| Amounts payable within one year | 42/48 | €18,709 | €24,045 | +€5,336 | +28.5% |
| Trade debts | 44 | €7,072 | €9,828 | +€2,755 | +39.0% |
| Suppliers | 440/4 | €7,072 | €9,828 | +€2,755 | +39.0% |
| Taxes, remuneration and social security | 45 | €1,970 | €4,250 | +€2,280 | +116% |
| Taxes | 450/3 | €1,970 | - | -€1,970 | |
| Remuneration and social security | 454/9 | - | €4,250 | +€4,250 | |
| Other amounts payable | 47/48 | €9,668 | €9,968 | +€300 | +3.1% |
| Accrued charges and deferred income | 492/3 | €880 | - | -€880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,150 | €17,902 | +€4,751 | +36.1% |
| Other operating charges | 640/8 | €11,617 | €14,429 | +€2,813 | +24.2% |
| Gross operating margin | 9900 | €40,931 | €27,054 | -€13,877 | -33.9% |
| Operating profit (loss) | 9901 | €16,164 | -€5,277 | -€21,441 | |
| Financial income | 75/76B | - | €1,082 | +€1,082 | |
| Recurring financial income | 75 | - | €1,082 | +€1,082 | |
| Financial charges | 65/66B | €85 | €102 | +€17 | +19.9% |
| Recurring financial charges | 65 | €85 | €102 | +€17 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €16,078 | -€4,297 | -€20,376 | |
| Income taxes | 67/77 | €5,870 | €331 | -€5,539 | -94.4% |
| Profit (loss) for the period | 9904 | €10,208 | -€4,629 | -€14,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,208 | -€4,629 | -€14,837 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.