FA89 Invest: what changed
What changed
FA89 Invest
filed annual accounts (NBB)
Net result for the year
-€19,481
2024 · -€63,507+€44,026
Equity
-€63,017
2024 · -€43,537-€19,481
Cash
€2,790
2024 · €9,828-€7,038
Balance sheet total
€2.0m
2024 · €2.1m-€92,452
Largest movements
Assets
- Tangible fixed assets -€84,928
down €84,928 (-4.0%), from €2.1m to €2.0m
Equity and liabilities
- Debts after one year -€74,623
down €74,623 (-4.6%), from €1.6m to €1.5m
- Other debts -€26,687
down €26,687 (-5.3%), from €500,861 to €474,174
Income statement
- Gross operating margin +€65,660
up €65,660 (+82.3%), from €79,800 to €145,460
- Financial charges +€16,004
up €16,004 (+28.0%), from €57,257 to €73,261
- Depreciation +€5,335
up €5,335 (+6.7%), from €79,593 to €84,928
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€63,507
Gross operating margin
+€65,660
Depreciation
-€5,335
Other operating charges
+€455
Financial income
-€219
Financial charges
-€16,004
Taxes
-€532
Result 2025
-€19,481
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€46,441
Investment
€0
Financing
-€53,479
Cash 2024
€9,828
From operations (derived)
+€46,441
Net result for the year
-€19,481
Depreciation
+€84,928
Deferred charges and accrued income
+€487
Trade debts
+€5,786
Tax, wage and social debts
+€532
Other debts
-€26,687
Accrued charges and deferred income
+€876
Financing
-€53,479
Debts after one year
-€74,623
Current portion of long-term debt
+€21,144
Cash 2025
€2,790
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,115,830 | €2,023,378 | -€92,452 | -4.4% |
| Fixed assets | 21/28 | €2,105,516 | €2,020,588 | -€84,928 | -4.0% |
| Tangible fixed assets | 22/27 | €2,105,516 | €2,020,588 | -€84,928 | -4.0% |
| Land and buildings | 22 | €2,105,516 | €2,020,588 | -€84,928 | -4.0% |
| Current assets | 29/58 | €10,314 | €2,790 | -€7,524 | -72.9% |
| Cash at bank and in hand | 54/58 | €9,828 | €2,790 | -€7,038 | -71.6% |
| Deferred charges and accrued income | 490/1 | €487 | - | -€487 | |
| Total equity and liabilities | 10/49 | €2,115,830 | €2,023,378 | -€92,452 | -4.4% |
| Equity | 10/15 | -€43,537 | -€63,017 | -€19,481 | -44.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,537 | -€93,017 | -€19,481 | -26.5% |
| Amounts payable | 17/49 | €2,159,367 | €2,086,396 | -€72,971 | -3.4% |
| Amounts payable after more than one year | 17 | €1,609,036 | €1,534,413 | -€74,623 | -4.6% |
| Financial debts | 170/4 | €1,609,036 | €1,534,413 | -€74,623 | -4.6% |
| Amounts payable within one year | 42/48 | €543,697 | €544,472 | +€775 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €39,477 | €60,621 | +€21,144 | +53.6% |
| Trade debts | 44 | €3,359 | €9,145 | +€5,786 | +172% |
| Suppliers | 440/4 | €3,359 | €9,145 | +€5,786 | +172% |
| Taxes, remuneration and social security | 45 | - | €532 | +€532 | |
| Taxes | 450/3 | - | €532 | +€532 | |
| Other amounts payable | 47/48 | €500,861 | €474,174 | -€26,687 | -5.3% |
| Accrued charges and deferred income | 492/3 | €6,634 | €7,511 | +€876 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,593 | €84,928 | +€5,335 | +6.7% |
| Other operating charges | 640/8 | €6,675 | €6,220 | -€455 | -6.8% |
| Gross operating margin | 9900 | €79,800 | €145,460 | +€65,660 | +82.3% |
| Operating profit (loss) | 9901 | -€6,468 | €54,312 | +€60,781 | |
| Financial income | 75/76B | €219 | - | -€219 | |
| Recurring financial income | 75 | €219 | - | -€219 | |
| Financial charges | 65/66B | €57,257 | €73,261 | +€16,004 | +28.0% |
| Recurring financial charges | 65 | €57,257 | €73,261 | +€16,004 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,507 | -€18,948 | +€44,558 | +70.2% |
| Income taxes | 67/77 | - | €532 | +€532 | |
| Profit (loss) for the period | 9904 | -€63,507 | -€19,481 | +€44,026 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,507 | -€19,481 | +€44,026 | +69.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.