F.A. Invest: what changed
F.A. Invest
Largest movements
- Stocks and contracts +€252,619
up €252,619 (+33.8%), from €746,904 to €999,523
- Receivables within one year -€199,461
down €199,461 (-100%), from €199,461 to €0
- Cash +€14,016
up €14,016 (+21.7%), from €64,523 to €78,539
mainly Short-term financial debts (+€436,800) and Receivables within one year (+€199,461)
- Short-term financial debts +€436,800
up €436,800 (+194%), from €225,000 to €661,800
- Other debts -€353,000
down €353,000 (-52.1%), from €677,616 to €324,616
- Profit (loss) carried forward -€16,391
new in 2025: -€16,391
- Gross operating margin -€125,317
down €125,317, from €118,965 to -€6,352
- Financial charges -€41,091
down €41,091 (-83.0%), from €49,497 to €8,406
- Taxes -€18,456
down €18,456 (-100%), from €18,456 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,010,888 | €1,078,062 | +€67,174 | +6.6% |
| Current assets | 29/58 | €1,010,888 | €1,078,062 | +€67,174 | +6.6% |
| Stocks and contracts in progress | 3 | €746,904 | €999,523 | +€252,619 | +33.8% |
| Stocks | 30/36 | €746,904 | €999,523 | +€252,619 | +33.8% |
| Amounts receivable within one year | 40/41 | €199,461 | €0 | -€199,461 | -100% |
| Trade receivables | 40 | €199,461 | €0 | -€199,461 | -100% |
| Cash at bank and in hand | 54/58 | €64,523 | €78,539 | +€14,016 | +21.7% |
| Total equity and liabilities | 10/49 | €1,010,888 | €1,078,062 | +€67,174 | +6.6% |
| Equity | 10/15 | €89,216 | €72,825 | -€16,391 | -18.4% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €49,216 | €49,216 | = | 0.0% |
| Distributable reserves | 133 | €49,216 | €49,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,391 | -€16,391 | |
| Amounts payable | 17/49 | €921,672 | €1,005,237 | +€83,565 | +9.1% |
| Amounts payable within one year | 42/48 | €921,672 | €1,005,237 | +€83,565 | +9.1% |
| Financial debts | 43 | €225,000 | €661,800 | +€436,800 | +194% |
| Credit institutions | 430/8 | €225,000 | €661,800 | +€436,800 | +194% |
| Trade debts | 44 | €600 | €365 | -€235 | -39.2% |
| Suppliers | 440/4 | €600 | €365 | -€235 | -39.2% |
| Taxes, remuneration and social security | 45 | €18,456 | €18,456 | = | 0.0% |
| Taxes | 450/3 | €18,456 | €18,456 | = | 0.0% |
| Other amounts payable | 47/48 | €677,616 | €324,616 | -€353,000 | -52.1% |
| Other operating charges | 640/8 | €1,796 | €1,634 | -€162 | -9.0% |
| Gross operating margin | 9900 | €118,965 | -€6,352 | -€125,317 | |
| Operating profit (loss) | 9901 | €117,169 | -€7,986 | -€125,155 | |
| Financial charges | 65/66B | €49,497 | €8,406 | -€41,091 | -83.0% |
| Recurring financial charges | 65 | €49,497 | €8,406 | -€41,091 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €67,672 | -€16,391 | -€84,063 | |
| Income taxes | 67/77 | €18,456 | €0 | -€18,456 | -100% |
| Profit (loss) for the period | 9904 | €49,216 | -€16,391 | -€65,607 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,216 | -€16,391 | -€65,607 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.