F²ct: 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.
F²ct
Largest movements
- Tangible fixed assets +€4,006
up €4,006 (+290.5%), from €1,379 to €5,385
of which Furniture and vehicles: +€3,894
- Cash +€1,698
up €1,698 (+7.7%), from €22,056 to €23,754
mainly Net result for the year (+€30,426) and Current portion of long-term debt (+€4,040)
- Profit (loss) carried forward +€5,426
up €5,426 (+4.9%), from €109,712 to €115,138
- Trade debts -€4,626
down €4,626 (-64.1%), from €7,215 to €2,589
- Current portion of long-term debt +€4,040
new in 2025: €4,040
- Taxes -€6,587
down €6,587 (-74.9%), from €8,796 to €2,209
- Financial income -€4,158
down €4,158 (-100.0%), from €4,158 to €0
- Gross operating margin +€2,637
up €2,637 (+7.9%), from €33,543 to €36,180
- Depreciation +€939
up €939 (+109.6%), from €857 to €1,796
- Staff costs +€396
new in 2025: €396
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 | €130,435 | €135,767 | +€5,332 | +4.1% |
| Fixed assets | 21/28 | €1,379 | €5,385 | +€4,006 | +290.5% |
| Tangible fixed assets | 22/27 | €1,379 | €5,385 | +€4,006 | +290.5% |
| Plant, machinery and equipment | 23 | €1,379 | €1,491 | +€112 | +8.1% |
| Furniture and vehicles | 24 | - | €3,894 | +€3,894 | |
| Current assets | 29/58 | €129,056 | €130,382 | +€1,326 | +1.0% |
| Amounts receivable after more than one year | 29 | €54,590 | €54,590 | +€0 | 0.0% |
| Trade receivables | 290 | - | €54,590 | +€54,590 | |
| Other amounts receivable | 291 | €54,590 | - | -€54,590 | |
| Amounts receivable within one year | 40/41 | €52,173 | €51,679 | -€494 | -0.9% |
| Trade receivables | 40 | €8,219 | €8,291 | +€72 | +0.9% |
| Other amounts receivable | 41 | €43,954 | €43,388 | -€566 | -1.3% |
| Cash at bank and in hand | 54/58 | €22,056 | €23,754 | +€1,698 | +7.7% |
| Deferred charges and accrued income | 490/1 | €237 | €359 | +€122 | +51.6% |
| Total equity and liabilities | 10/49 | €130,435 | €135,767 | +€5,332 | +4.1% |
| Equity | 10/15 | €112,712 | €118,138 | +€5,426 | +4.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,712 | €115,138 | +€5,426 | +4.9% |
| Amounts payable | 17/49 | €17,723 | €17,629 | -€94 | -0.5% |
| Amounts payable within one year | 42/48 | €17,723 | €17,629 | -€94 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,040 | +€4,040 | |
| Financial debts | 43 | - | €418 | +€418 | |
| Credit institutions | 430/8 | - | €418 | +€418 | |
| Trade debts | 44 | €7,215 | €2,589 | -€4,626 | -64.1% |
| Suppliers | 440/4 | €7,215 | €2,589 | -€4,626 | -64.1% |
| Taxes, remuneration and social security | 45 | €9,550 | €10,244 | +€694 | +7.3% |
| Taxes | 450/3 | €9,550 | €10,244 | +€694 | +7.3% |
| Other amounts payable | 47/48 | €958 | €338 | -€620 | -64.7% |
| Remuneration, social security and pensions | 62 | - | €396 | +€396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €857 | €1,796 | +€939 | +109.6% |
| Other operating charges | 640/8 | €623 | €659 | +€36 | +5.8% |
| Gross operating margin | 9900 | €33,543 | €36,180 | +€2,637 | +7.9% |
| Operating profit (loss) | 9901 | €32,063 | €33,329 | +€1,266 | +3.9% |
| Financial income | 75/76B | €4,158 | €0 | -€4,158 | -100.0% |
| Recurring financial income | 75 | €4,158 | €0 | -€4,158 | -100.0% |
| Financial charges | 65/66B | €946 | €694 | -€252 | -26.7% |
| Recurring financial charges | 65 | €946 | €694 | -€252 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €35,275 | €32,635 | -€2,640 | -7.5% |
| Income taxes | 67/77 | €8,796 | €2,209 | -€6,587 | -74.9% |
| Profit (loss) for the period | 9904 | €26,479 | €30,426 | +€3,947 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,479 | €30,426 | +€3,947 | +14.9% |
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 12 October 2026 via checked.be.