Fa&ma: what changed
Two fiscal 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.
Fa&ma
Largest movements
- Financial fixed assets +€9,028
up €9,028 (+895.7%), from €1,008 to €10,037
- Tangible fixed assets +€3,163
new in 2025: €3,163
of which Furniture and vehicles: +€2,128
- Stocks and contracts -€1,070
down €1,070 (-10.0%), from €10,697 to €9,627
- Receivables within one year -€825
down €825 (-9.1%), from €9,075 to €8,250
- Cash -€689
down €689 (-11.3%), from €6,118 to €5,429
mainly Investment in fixed assets (net) (-€12,317) and Tax, wage and social debts (-€2,431)
- Other debts +€7,512
up €7,512 (+69.1%), from €10,864 to €18,376
- Trade debts +€2,723
up €2,723 (+147.1%), from €1,851 to €4,574
- Tax, wage and social debts -€2,431
down €2,431 (-30.7%), from €7,918 to €5,488
of which Taxes: -€2,431
- Profit (loss) carried forward +€2,053
up €2,053 (+6.3%), from -€32,336 to -€30,283
- Gross operating margin -€3,100
down €3,100 (-31.1%), from €9,978 to €6,878
- Write-downs -€1,963
down €1,963 (-64.7%), from €3,033 to €1,070
- Other operating charges +€982
up €982 (+745.6%), from €132 to €1,114
- Financial charges +€787
up €787 (+42.2%), from €1,863 to €2,650
- Financial income +€134
new in 2025: €134
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 | €26,898 | €36,756 | +€9,858 | +36.6% |
| Fixed assets | 21/28 | €1,008 | €13,200 | +€12,192 | +1209.5% |
| Tangible fixed assets | 22/27 | - | €3,163 | +€3,163 | |
| Plant, machinery and equipment | 23 | - | €1,035 | +€1,035 | |
| Furniture and vehicles | 24 | - | €2,128 | +€2,128 | |
| Financial fixed assets | 28 | €1,008 | €10,037 | +€9,028 | +895.7% |
| Current assets | 29/58 | €25,890 | €23,556 | -€2,334 | -9.0% |
| Stocks and contracts in progress | 3 | €10,697 | €9,627 | -€1,070 | -10.0% |
| Stocks | 30/36 | €10,697 | €9,627 | -€1,070 | -10.0% |
| Amounts receivable within one year | 40/41 | €9,075 | €8,250 | -€825 | -9.1% |
| Trade receivables | 40 | €9,075 | €8,250 | -€825 | -9.1% |
| Current investments | 50/53 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €6,118 | €5,429 | -€689 | -11.3% |
| Total equity and liabilities | 10/49 | €26,898 | €36,756 | +€9,858 | +36.6% |
| Equity | 10/15 | -€13,736 | -€11,683 | +€2,053 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,336 | -€30,283 | +€2,053 | +6.3% |
| Amounts payable | 17/49 | €40,634 | €48,439 | +€7,805 | +19.2% |
| Amounts payable after more than one year | 17 | €20,000 | €20,000 | = | 0.0% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,634 | €28,439 | +€7,805 | +37.8% |
| Trade debts | 44 | €1,851 | €4,574 | +€2,723 | +147.1% |
| Suppliers | 440/4 | €1,851 | €4,574 | +€2,723 | +147.1% |
| Taxes, remuneration and social security | 45 | €7,918 | €5,488 | -€2,431 | -30.7% |
| Taxes | 450/3 | €4,869 | €2,438 | -€2,431 | -49.9% |
| Remuneration and social security | 454/9 | €3,050 | €3,050 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €10,864 | €18,376 | +€7,512 | +69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €125 | +€125 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,033 | €1,070 | -€1,963 | -64.7% |
| Other operating charges | 640/8 | €132 | €1,114 | +€982 | +745.6% |
| Gross operating margin | 9900 | €9,978 | €6,878 | -€3,100 | -31.1% |
| Operating profit (loss) | 9901 | €6,813 | €4,570 | -€2,243 | -32.9% |
| Financial income | 75/76B | - | €134 | +€134 | |
| Recurring financial income | 75 | - | €134 | +€134 | |
| Financial charges | 65/66B | €1,863 | €2,650 | +€787 | +42.2% |
| Recurring financial charges | 65 | €1,863 | €2,650 | +€787 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €4,950 | €2,053 | -€2,897 | -58.5% |
| Profit (loss) for the period | 9904 | €4,950 | €2,053 | -€2,897 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,950 | €2,053 | -€2,897 | -58.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.