F[in]aaS: 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[in]aaS
Largest movements
- Current investments -€28,802
down €28,802 (-36.5%), from €78,895 to €50,093
- Tangible fixed assets +€15,286
up €15,286 (+1,340%), from €1,140 to €16,426
of which Furniture and vehicles: +€15,503
- Cash +€7,168
up €7,168 (+27.2%), from €26,320 to €33,488
mainly Current investments (+€28,802) and Other debts (+€8,316)
- Profit (loss) carried forward -€9,746
down €9,746 (-90.0%), from €10,829 to €1,082
- Other debts +€8,316
up €8,316 (+8.6%), from €96,386 to €104,703
- Trade debts -€2,316
no longer reported in 2025 (was €2,316)
- Accrued charges and deferred income -€1,963
no longer reported in 2025 (was €1,963)
- Financial charges -€102,494
down €102,494 (-99.9%), from €102,606 to €111
of which Non-recurring financial charges: -€102,462
- Gross operating margin +€3,506
up €3,506 (+681%), from €515 to €4,021
- Depreciation +€1,469
up €1,469 (+130%), from €1,128 to €2,597
- Financial income -€929
down €929 (-80.9%), from €1,148 to €219
- Taxes -€646
down €646, from €522 to -€124
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 | €115,750 | €109,326 | -€6,424 | -5.5% |
| Fixed assets | 21/28 | €1,140 | €16,426 | +€15,286 | +1,340% |
| Tangible fixed assets | 22/27 | €1,140 | €16,426 | +€15,286 | +1,340% |
| Plant, machinery and equipment | 23 | €218 | - | -€218 | |
| Furniture and vehicles | 24 | €923 | €16,426 | +€15,503 | +1,680% |
| Current assets | 29/58 | €114,610 | €92,900 | -€21,710 | -18.9% |
| Amounts receivable within one year | 40/41 | €8,369 | €8,237 | -€132 | -1.6% |
| Trade receivables | 40 | €5,369 | €8,237 | +€2,868 | +53.4% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Current investments | 50/53 | €78,895 | €50,093 | -€28,802 | -36.5% |
| Cash at bank and in hand | 54/58 | €26,320 | €33,488 | +€7,168 | +27.2% |
| Deferred charges and accrued income | 490/1 | €1,026 | €1,082 | +€56 | +5.5% |
| Total equity and liabilities | 10/49 | €115,750 | €109,326 | -€6,424 | -5.5% |
| Equity | 10/15 | €13,829 | €4,082 | -€9,746 | -70.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,829 | €1,082 | -€9,746 | -90.0% |
| Amounts payable | 17/49 | €101,921 | €105,244 | +€3,322 | +3.3% |
| Amounts payable within one year | 42/48 | €99,959 | €105,244 | +€5,285 | +5.3% |
| Trade debts | 44 | €2,316 | - | -€2,316 | |
| Suppliers | 440/4 | €2,316 | - | -€2,316 | |
| Taxes, remuneration and social security | 45 | €1,256 | €541 | -€715 | -56.9% |
| Taxes | 450/3 | €1,256 | €541 | -€715 | -56.9% |
| Other amounts payable | 47/48 | €96,386 | €104,703 | +€8,316 | +8.6% |
| Accrued charges and deferred income | 492/3 | €1,963 | - | -€1,963 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,128 | €2,597 | +€1,469 | +130% |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | €515 | €4,021 | +€3,506 | +681% |
| Operating profit (loss) | 9901 | -€1,118 | €851 | +€1,969 | |
| Financial income | 75/76B | €1,148 | €219 | -€929 | -80.9% |
| Recurring financial income | 75 | €1,148 | €219 | -€929 | -80.9% |
| Financial charges | 65/66B | €102,606 | €111 | -€102,494 | -99.9% |
| Recurring financial charges | 65 | €144 | €111 | -€32 | -22.5% |
| Non-recurring financial charges | 66B | €102,462 | - | -€102,462 | |
| Profit (loss) for the period before taxes | 9903 | -€102,576 | €959 | +€103,534 | |
| Income taxes | 67/77 | €522 | -€124 | -€646 | |
| Profit (loss) for the period | 9904 | -€103,098 | €1,082 | +€104,180 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,098 | €1,082 | +€104,180 |
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 19 October 2026 via checked.be.