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FA Belgium: 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.

What changed

FA Belgium

BE 1003.985.632
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€2,484
2024 · -€7,175+€4,691
Equity
€11,954
2024 · €14,437-€2,484
Cash
€12,004
2024 · €15,119-€3,115
Balance sheet total
€12,198
2024 · €15,446-€3,248

Largest movements

2024 to 2025
Assets
  • Cash -€3,115

    down €3,115 (-20.6%), from €15,119 to €12,004

    mainly Net result for the year (-€2,484) and Trade debts (-€765)

Equity and liabilities
  • Profit (loss) carried forward -€2,484

    down €2,484 (-34.6%), from -€7,175 to -€9,658

  • Trade debts -€765

    down €765 (-75.8%), from €1,009 to €244

Income statement
  • Gross operating margin +€3,604

    up €3,604 (+70.9%), from -€5,086 to -€1,482

  • Other operating charges -€839

    down €839 (-46.9%), from €1,788 to €948

  • Financial charges -€248

    down €248 (-82.4%), from €301 to €53

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€7,175
Gross operating margin +€3,604
Other operating charges +€839
Financial charges +€248
Result 2025 -€2,484
raises the result

Derived cash bridge

cash 2024 to 2025

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.

From operations -€3,115
Investment €0
Financing €0
Cash 2024 €15,119
Net result for the year -€2,484
Receivables within one year +€134
Trade debts -€765
Cash 2025 €12,004
brings cash intakes cash out
Every line side by side 21 lines
Line Code 2024 2025 Change %
Total assets 20/58 €15,446 €12,198 -€3,248 -21.0%
Current assets 29/58 €15,446 €12,198 -€3,248 -21.0%
Amounts receivable within one year 40/41 €327 €193 -€134 -40.9%
Other amounts receivable 41 €327 €193 -€134 -40.9%
Cash at bank and in hand 54/58 €15,119 €12,004 -€3,115 -20.6%
Total equity and liabilities 10/49 €15,446 €12,198 -€3,248 -21.0%
Equity 10/15 €14,437 €11,954 -€2,484 -17.2%
Contributions 10/11 €21,612 €21,612 = 0.0%
Profit (loss) carried forward 14 -€7,175 -€9,658 -€2,484 -34.6%
Amounts payable 17/49 €1,009 €244 -€765 -75.8%
Amounts payable within one year 42/48 €1,009 €244 -€765 -75.8%
Trade debts 44 €1,009 €244 -€765 -75.8%
Suppliers 440/4 €1,009 €244 -€765 -75.8%
Other operating charges 640/8 €1,788 €948 -€839 -46.9%
Gross operating margin 9900 -€5,086 -€1,482 +€3,604 +70.9%
Operating profit (loss) 9901 -€6,874 -€2,431 +€4,443 +64.6%
Financial charges 65/66B €301 €53 -€248 -82.4%
Recurring financial charges 65 €301 €53 -€248 -82.4%
Profit (loss) for the period before taxes 9903 -€7,175 -€2,484 +€4,691 +65.4%
Profit (loss) for the period 9904 -€7,175 -€2,484 +€4,691 +65.4%
Profit (loss) for the period to be appropriated 9905 -€7,175 -€2,484 +€4,691 +65.4%

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 14 October 2026 via checked.be.