FAAP: 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.
FAAP
Largest movements
- Cash -€99,572
down €99,572 (-50.5%), from €197,164 to €97,592
mainly Contributions, distributions and other (-€162,501) and Net result for the year (-€14,690)
- Receivables within one year -€14,400
no longer reported in 2025 (was €14,400)
- Tangible fixed assets -€7,657
down €7,657 (-10.7%), from €71,343 to €63,686
of which Land and buildings: -€6,662
- Reserves -€162,501
down €162,501 (-64.0%), from €253,764 to €91,263
of which Distributable reserves: -€162,501
- Other debts +€57,563
up €57,563 (+1537.9%), from €3,743 to €61,306
- Profit (loss) carried forward -€14,690
new in 2025: -€14,690
- Gross operating margin -€44,333
down €44,333 (-88.3%), from €50,219 to €5,886
- Taxes +€8,089
up €8,089 (+320.1%), from €2,527 to €10,616
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 | €282,907 | €161,278 | -€121,629 | -43.0% |
| Fixed assets | 21/28 | €71,343 | €63,686 | -€7,657 | -10.7% |
| Tangible fixed assets | 22/27 | €71,343 | €63,686 | -€7,657 | -10.7% |
| Land and buildings | 22 | €68,359 | €61,697 | -€6,662 | -9.7% |
| Plant, machinery and equipment | 23 | €2,984 | €1,989 | -€995 | -33.3% |
| Current assets | 29/58 | €211,564 | €97,592 | -€113,972 | -53.9% |
| Amounts receivable within one year | 40/41 | €14,400 | - | -€14,400 | |
| Other amounts receivable | 41 | €14,400 | - | -€14,400 | |
| Cash at bank and in hand | 54/58 | €197,164 | €97,592 | -€99,572 | -50.5% |
| Total equity and liabilities | 10/49 | €282,907 | €161,278 | -€121,629 | -43.0% |
| Equity | 10/15 | €277,164 | €99,973 | -€177,191 | -63.9% |
| Contributions | 10/11 | €23,400 | €23,400 | = | 0.0% |
| Reserves | 13 | €253,764 | €91,263 | -€162,501 | -64.0% |
| Non-distributable reserves | 130/1 | €9,248 | €9,248 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €9,248 | €9,248 | -€0 | 0.0% |
| Distributable reserves | 133 | €244,516 | €82,015 | -€162,501 | -66.5% |
| Profit (loss) carried forward | 14 | - | -€14,690 | -€14,690 | |
| Amounts payable | 17/49 | €5,743 | €61,306 | +€55,563 | +967.5% |
| Amounts payable within one year | 42/48 | €5,743 | €61,306 | +€55,563 | +967.5% |
| Taxes, remuneration and social security | 45 | €2,000 | - | -€2,000 | |
| Taxes | 450/3 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €3,743 | €61,306 | +€57,563 | +1537.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,657 | €7,657 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,739 | €2,258 | -€481 | -17.6% |
| Gross operating margin | 9900 | €50,219 | €5,886 | -€44,333 | -88.3% |
| Operating profit (loss) | 9901 | €39,823 | -€4,029 | -€43,852 | |
| Financial charges | 65/66B | €44 | €45 | +€1 | +2.3% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €39,779 | -€4,074 | -€43,853 | |
| Income taxes | 67/77 | €2,527 | €10,616 | +€8,089 | +320.1% |
| Profit (loss) for the period | 9904 | €37,252 | -€14,690 | -€51,942 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,252 | -€14,690 | -€51,942 |
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 1 October 2026 via checked.be.