F.C.A.: 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.C.A.
Largest movements
- Tangible fixed assets -€94,867
down €94,867 (-38.0%), from €249,785 to €154,918
of which Plant, machinery and equipment: -€86,551
- Receivables within one year +€27,011
up €27,011 (+8.6%), from €315,823 to €342,834
of which Trade receivables: +€21,937
- Stocks and contracts +€9,040
up €9,040 (+565.0%), from €1,600 to €10,640
- Other debts -€39,448
down €39,448 (-11.6%), from €340,060 to €300,612
- Debts after one year -€18,716
no longer reported in 2025 (was €18,716)
- Profit (loss) carried forward +€14,771
up €14,771 (+9.6%), from €154,296 to €169,067
- Investment grants -€11,160
down €11,160 (-34.8%), from €32,065 to €20,905
- Financial income -€4,994
down €4,994 (-30.9%), from €16,154 to €11,160
- Staff costs +€4,817
up €4,817 (+9.4%), from €51,323 to €56,140
- Gross operating margin -€4,019
down €4,019 (-2.8%), from €142,719 to €138,701
- Depreciation -€3,891
down €3,891 (-4.8%), from €80,502 to €76,612
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 | €626,140 | €564,092 | -€62,048 | -9.9% |
| Fixed assets | 21/28 | €249,785 | €154,918 | -€94,867 | -38.0% |
| Tangible fixed assets | 22/27 | €249,785 | €154,918 | -€94,867 | -38.0% |
| Plant, machinery and equipment | 23 | €226,426 | €139,875 | -€86,551 | -38.2% |
| Furniture and vehicles | 24 | €23,359 | €15,043 | -€8,317 | -35.6% |
| Current assets | 29/58 | €376,354 | €409,174 | +€32,819 | +8.7% |
| Stocks and contracts in progress | 3 | €1,600 | €10,640 | +€9,040 | +565.0% |
| Stocks | 30/36 | €1,600 | €10,640 | +€9,040 | +565.0% |
| Amounts receivable within one year | 40/41 | €315,823 | €342,834 | +€27,011 | +8.6% |
| Trade receivables | 40 | €311,105 | €333,043 | +€21,937 | +7.1% |
| Other amounts receivable | 41 | €4,718 | €9,791 | +€5,074 | +107.5% |
| Cash at bank and in hand | 54/58 | €57,406 | €54,135 | -€3,271 | -5.7% |
| Deferred charges and accrued income | 490/1 | €1,525 | €1,565 | +€40 | +2.6% |
| Total equity and liabilities | 10/49 | €626,140 | €564,092 | -€62,048 | -9.9% |
| Equity | 10/15 | €231,861 | €235,472 | +€3,611 | +1.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €15,500 | €15,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,296 | €169,067 | +€14,771 | +9.6% |
| Investment grants | 15 | €32,065 | €20,905 | -€11,160 | -34.8% |
| Provisions and deferred taxes | 16 | €1,688 | €1,100 | -€587 | -34.8% |
| Deferred taxes | 168 | €1,688 | €1,100 | -€587 | -34.8% |
| Amounts payable | 17/49 | €392,591 | €327,519 | -€65,071 | -16.6% |
| Amounts payable after more than one year | 17 | €18,716 | - | -€18,716 | |
| Financial debts | 170/4 | €18,716 | - | -€18,716 | |
| Amounts payable within one year | 42/48 | €373,875 | €327,519 | -€46,355 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €18,714 | €18,716 | +€2 | 0.0% |
| Trade debts | 44 | €6,493 | €479 | -€6,014 | -92.6% |
| Suppliers | 440/4 | €6,493 | €479 | -€6,014 | -92.6% |
| Taxes, remuneration and social security | 45 | €8,608 | €7,712 | -€896 | -10.4% |
| Taxes | 450/3 | €2,838 | €1,132 | -€1,706 | -60.1% |
| Remuneration and social security | 454/9 | €5,770 | €6,580 | +€810 | +14.0% |
| Other amounts payable | 47/48 | €340,060 | €300,612 | -€39,448 | -11.6% |
| Remuneration, social security and pensions | 62 | €51,323 | €56,140 | +€4,817 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,502 | €76,612 | -€3,891 | -4.8% |
| Other operating charges | 640/8 | €579 | €913 | +€334 | +57.7% |
| Gross operating margin | 9900 | €142,719 | €138,701 | -€4,019 | -2.8% |
| Operating profit (loss) | 9901 | €10,315 | €5,036 | -€5,279 | -51.2% |
| Financial income | 75/76B | €16,154 | €11,160 | -€4,994 | -30.9% |
| Recurring financial income | 75 | €16,154 | €11,160 | -€4,994 | -30.9% |
| Financial charges | 65/66B | €647 | €497 | -€150 | -23.2% |
| Recurring financial charges | 65 | €647 | €497 | -€150 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €25,822 | €15,699 | -€10,122 | -39.2% |
| Transfer from deferred taxes | 780 | €850 | €587 | -€263 | -30.9% |
| Income taxes | 67/77 | €2,843 | €1,516 | -€1,328 | -46.7% |
| Profit (loss) for the period | 9904 | €23,829 | €14,771 | -€9,058 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,829 | €14,771 | -€9,058 | -38.0% |
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 11 October 2026 via checked.be.