F.A.E. Consulting: 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.E. Consulting
Largest movements
- Cash -€53,201
down €53,201 (-64.2%), from €82,858 to €29,657
mainly Trade debts (-€155,403) and Debts after one year (-€120,831)
- Receivables within one year +€42,165
up €42,165 (+18.1%), from €232,548 to €274,713
of which Other amounts receivable: +€138,888
- Reserves +€230,349
up €230,349 (+25.0%), from €922,887 to €1.2m
of which Distributable reserves: +€221,929
- Trade debts -€155,403
down €155,403 (-96.1%), from €161,786 to €6,382
- Debts after one year -€120,831
down €120,831 (-13.0%), from €932,972 to €812,141
- Gross operating margin +€89,454
up €89,454 (+27.1%), from €330,134 to €419,588
- Taxes +€41,683
up €41,683 (+59.6%), from €69,937 to €111,620
- Other operating charges -€12,622
down €12,622 (-35.8%), from €35,279 to €22,657
- Depreciation +€8,339
up €8,339 (+11.5%), from €72,644 to €80,983
- Financial income +€7,800
up €7,800 (+19.5%), from €40,011 to €47,811
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 | €2,334,889 | €2,314,590 | -€20,299 | -0.9% |
| Fixed assets | 21/28 | €1,493,793 | €1,501,977 | +€8,184 | +0.5% |
| Tangible fixed assets | 22/27 | €903,889 | €912,073 | +€8,184 | +0.9% |
| Land and buildings | 22 | €523,637 | €832,782 | +€309,145 | +59.0% |
| Plant, machinery and equipment | 23 | €99 | - | -€99 | |
| Furniture and vehicles | 24 | €66,314 | €79,291 | +€12,978 | +19.6% |
| Assets under construction and advance payments | 27 | €313,839 | - | -€313,839 | |
| Financial fixed assets | 28 | €589,904 | €589,904 | = | 0.0% |
| Current assets | 29/58 | €841,096 | €812,612 | -€28,484 | -3.4% |
| Amounts receivable after more than one year | 29 | €486,000 | €486,000 | = | 0.0% |
| Other amounts receivable | 291 | €486,000 | €486,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €232,548 | €274,713 | +€42,165 | +18.1% |
| Trade receivables | 40 | €154,651 | €57,927 | -€96,723 | -62.5% |
| Other amounts receivable | 41 | €77,897 | €216,786 | +€138,888 | +178.3% |
| Current investments | 50/53 | €12,500 | €3,584 | -€8,916 | -71.3% |
| Cash at bank and in hand | 54/58 | €82,858 | €29,657 | -€53,201 | -64.2% |
| Deferred charges and accrued income | 490/1 | €27,190 | €18,658 | -€8,532 | -31.4% |
| Total equity and liabilities | 10/49 | €2,334,889 | €2,314,590 | -€20,299 | -0.9% |
| Equity | 10/15 | €972,897 | €1,202,836 | +€229,939 | +23.6% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €922,887 | €1,153,236 | +€230,349 | +25.0% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €365,880 | €374,300 | +€8,420 | +2.3% |
| Distributable reserves | 133 | €549,567 | €771,496 | +€221,929 | +40.4% |
| Profit (loss) carried forward | 14 | €410 | - | -€410 | |
| Amounts payable | 17/49 | €1,361,992 | €1,111,754 | -€250,238 | -18.4% |
| Amounts payable after more than one year | 17 | €932,972 | €812,141 | -€120,831 | -13.0% |
| Financial debts | 170/4 | €932,972 | €812,141 | -€120,831 | -13.0% |
| Amounts payable within one year | 42/48 | €428,295 | €299,613 | -€128,682 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €206,860 | €210,794 | +€3,934 | +1.9% |
| Trade debts | 44 | €161,786 | €6,382 | -€155,403 | -96.1% |
| Suppliers | 440/4 | €161,786 | €6,382 | -€155,403 | -96.1% |
| Taxes, remuneration and social security | 45 | €39,649 | €62,436 | +€22,787 | +57.5% |
| Taxes | 450/3 | €39,649 | €62,436 | +€22,787 | +57.5% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €726 | - | -€726 | |
| Non-recurring operating income | 76A | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,644 | €80,983 | +€8,339 | +11.5% |
| Other operating charges | 640/8 | €35,279 | €22,657 | -€12,622 | -35.8% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €330,134 | €419,588 | +€89,454 | +27.1% |
| Operating profit (loss) | 9901 | €222,211 | €315,922 | +€93,711 | +42.2% |
| Financial income | 75/76B | €40,011 | €47,811 | +€7,800 | +19.5% |
| Recurring financial income | 75 | €40,011 | €47,811 | +€7,800 | +19.5% |
| Financial charges | 65/66B | €25,940 | €22,174 | -€3,767 | -14.5% |
| Recurring financial charges | 65 | €25,940 | €22,174 | -€3,767 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €236,282 | €341,559 | +€105,278 | +44.6% |
| Income taxes | 67/77 | €69,937 | €111,620 | +€41,683 | +59.6% |
| Profit (loss) for the period | 9904 | €166,344 | €229,939 | +€63,595 | +38.2% |
| Transfer to tax-exempt reserves | 689 | €79,990 | €92,620 | +€12,630 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,354 | €137,319 | +€50,965 | +59.0% |
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 3 October 2026 via checked.be.