FAAN CONSULT: 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.
FAAN CONSULT
Largest movements
- Cash +€125,256
up €125,256 (+8.7%), from €1.4m to €1.6m
mainly Net result for the year (+€512,764) and Other debts (+€451,410)
- Receivables within one year +€71,322
up €71,322 (+5.9%), from €1.2m to €1.3m
- Current investments +€50,563
new in 2025: €50,563
- Other debts +€451,410
up €451,410 (+216%), from €208,536 to €659,947
- Reserves -€137,236
down €137,236 (-4.6%), from €3.0m to €2.8m
- Financial income +€179,766
up €179,766 (+68.6%), from €262,230 to €441,996
- Gross operating margin +€53,361
up €53,361 (+41.9%), from €127,405 to €180,766
- Taxes +€29,209
up €29,209 (+41.5%), from €70,324 to €99,533
- Depreciation -€3,280
down €3,280 (-29.5%), from €11,126 to €7,846
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 | €3,447,037 | €3,742,577 | +€295,540 | +8.6% |
| Fixed assets | 21/28 | €644,308 | €670,088 | +€25,780 | +4.0% |
| Tangible fixed assets | 22/27 | €7,308 | €33,088 | +€25,780 | +353% |
| Plant, machinery and equipment | 23 | - | €1,139 | +€1,139 | |
| Furniture and vehicles | 24 | €7,308 | €31,949 | +€24,641 | +337% |
| Financial fixed assets | 28 | €637,000 | €637,000 | = | 0.0% |
| Current assets | 29/58 | €2,802,729 | €3,072,489 | +€269,760 | +9.6% |
| Amounts receivable within one year | 40/41 | €1,204,201 | €1,275,523 | +€71,322 | +5.9% |
| Other amounts receivable | 41 | €1,204,201 | €1,275,523 | +€71,322 | +5.9% |
| Current investments | 50/53 | - | €50,563 | +€50,563 | |
| Cash at bank and in hand | 54/58 | €1,441,649 | €1,566,905 | +€125,256 | +8.7% |
| Deferred charges and accrued income | 490/1 | €156,878 | €179,497 | +€22,619 | +14.4% |
| Total equity and liabilities | 10/49 | €3,447,037 | €3,742,577 | +€295,540 | +8.6% |
| Equity | 10/15 | €3,124,062 | €2,986,826 | -€137,236 | -4.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,974,062 | €2,836,826 | -€137,236 | -4.6% |
| Distributable reserves | 133 | €2,974,062 | €2,836,826 | -€137,236 | -4.6% |
| Amounts payable | 17/49 | €322,975 | €755,751 | +€432,776 | +134% |
| Amounts payable after more than one year | 17 | €25,805 | - | -€25,805 | |
| Financial debts | 170/4 | €25,805 | - | -€25,805 | |
| Amounts payable within one year | 42/48 | €297,137 | €755,705 | +€458,568 | +154% |
| Current portion of amounts payable after more than one year | 42 | €51,065 | €25,805 | -€25,260 | -49.5% |
| Trade debts | 44 | €740 | €4,048 | +€3,308 | +447% |
| Suppliers | 440/4 | €740 | €4,048 | +€3,308 | +447% |
| Taxes, remuneration and social security | 45 | €36,796 | €65,905 | +€29,109 | +79.1% |
| Taxes | 450/3 | €36,796 | €65,905 | +€29,109 | +79.1% |
| Other amounts payable | 47/48 | €208,536 | €659,947 | +€451,410 | +216% |
| Accrued charges and deferred income | 492/3 | €33 | €46 | +€13 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,126 | €7,846 | -€3,280 | -29.5% |
| Other operating charges | 640/8 | €1,540 | €1,470 | -€70 | -4.6% |
| Gross operating margin | 9900 | €127,405 | €180,766 | +€53,361 | +41.9% |
| Operating profit (loss) | 9901 | €114,740 | €171,450 | +€56,711 | +49.4% |
| Financial income | 75/76B | €262,230 | €441,996 | +€179,766 | +68.6% |
| Recurring financial income | 75 | €262,230 | €441,996 | +€179,766 | +68.6% |
| Financial charges | 65/66B | €1,671 | €1,150 | -€522 | -31.2% |
| Recurring financial charges | 65 | €1,671 | €1,150 | -€522 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €375,299 | €612,297 | +€236,998 | +63.1% |
| Income taxes | 67/77 | €70,324 | €99,533 | +€29,209 | +41.5% |
| Profit (loss) for the period | 9904 | €304,974 | €512,764 | +€207,789 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €304,974 | €512,764 | +€207,789 | +68.1% |
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 15 October 2026 via checked.be.