FABULA RASA: 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.
FABULA RASA
Largest movements
- Tangible fixed assets -€19,488
down €19,488 (-99.8%), from €19,519 to €31
of which Other tangible fixed assets: -€18,584
- Cash -€16,420
down €16,420 (-58.2%), from €28,232 to €11,812
mainly Tax, wage and social debts (-€34,421) and Trade debts (-€33,685)
- Receivables within one year -€6,770
down €6,770 (-70.0%), from €9,669 to €2,899
of which Other amounts receivable: -€5,613
- Stocks and contracts -€6,195
down €6,195 (-100.0%), from €6,195 to €0
- Deferred charges and accrued income -€2,498
down €2,498 (-82.8%), from €3,017 to €519
- Profit (loss) carried forward +€43,035
up €43,035 (+26.1%), from -€164,709 to -€121,674
- Tax, wage and social debts -€34,421
down €34,421 (-95.2%), from €36,141 to €1,720
of which Taxes: -€19,626
- Trade debts -€33,685
down €33,685 (-84.6%), from €39,817 to €6,133
- Current portion of long-term debt -€27,440
down €27,440 (-100.0%), from €27,440 to €0
- Staff costs -€103,292
down €103,292 (-68.9%), from €149,990 to €46,698
- Gross operating margin -€49,324
down €49,324 (-33.3%), from €147,912 to €98,588
- Depreciation -€17,627
down €17,627 (-97.3%), from €18,121 to €494
- Other operating charges -€2,001
down €2,001 (-50.4%), from €3,967 to €1,967
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 | €67,051 | €15,261 | -€51,791 | -77.2% |
| Fixed assets | 21/28 | €19,939 | €31 | -€19,908 | -99.8% |
| Tangible fixed assets | 22/27 | €19,519 | €31 | -€19,488 | -99.8% |
| Plant, machinery and equipment | 23 | €374 | €0 | -€374 | -100.0% |
| Furniture and vehicles | 24 | €561 | €31 | -€530 | -94.5% |
| Other tangible fixed assets | 26 | €18,584 | €0 | -€18,584 | -100.0% |
| Financial fixed assets | 28 | €420 | €0 | -€420 | -100.0% |
| Current assets | 29/58 | €47,113 | €15,230 | -€31,883 | -67.7% |
| Stocks and contracts in progress | 3 | €6,195 | €0 | -€6,195 | -100.0% |
| Stocks | 30/36 | €6,195 | €0 | -€6,195 | -100.0% |
| Amounts receivable within one year | 40/41 | €9,669 | €2,899 | -€6,770 | -70.0% |
| Trade receivables | 40 | €1,157 | €0 | -€1,157 | -100.0% |
| Other amounts receivable | 41 | €8,512 | €2,899 | -€5,613 | -65.9% |
| Cash at bank and in hand | 54/58 | €28,232 | €11,812 | -€16,420 | -58.2% |
| Deferred charges and accrued income | 490/1 | €3,017 | €519 | -€2,498 | -82.8% |
| Total equity and liabilities | 10/49 | €67,051 | €15,261 | -€51,791 | -77.2% |
| Equity | 10/15 | -€50,829 | -€7,794 | +€43,035 | +84.7% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €51,480 | €51,480 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €49,620 | €51,480 | +€1,860 | +3.7% |
| Profit (loss) carried forward | 14 | -€164,709 | -€121,674 | +€43,035 | +26.1% |
| Amounts payable | 17/49 | €117,880 | €23,055 | -€94,825 | -80.4% |
| Amounts payable within one year | 42/48 | €117,880 | €22,566 | -€95,315 | -80.9% |
| Current portion of amounts payable after more than one year | 42 | €27,440 | €0 | -€27,440 | -100.0% |
| Trade debts | 44 | €39,817 | €6,133 | -€33,685 | -84.6% |
| Suppliers | 440/4 | €39,817 | €6,133 | -€33,685 | -84.6% |
| Taxes, remuneration and social security | 45 | €36,141 | €1,720 | -€34,421 | -95.2% |
| Taxes | 450/3 | €21,346 | €1,720 | -€19,626 | -91.9% |
| Remuneration and social security | 454/9 | €14,795 | €0 | -€14,795 | -100.0% |
| Other amounts payable | 47/48 | €14,482 | €14,713 | +€231 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €489 | +€489 | |
| Remuneration, social security and pensions | 62 | €149,990 | €46,698 | -€103,292 | -68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,121 | €494 | -€17,627 | -97.3% |
| Other operating charges | 640/8 | €3,967 | €1,967 | -€2,001 | -50.4% |
| Gross operating margin | 9900 | €147,912 | €98,588 | -€49,324 | -33.3% |
| Operating profit (loss) | 9901 | -€24,166 | €49,429 | +€73,595 | |
| Financial income | 75/76B | €15 | €172 | +€157 | +1038.3% |
| Recurring financial income | 75 | €15 | €172 | +€157 | +1038.3% |
| Financial charges | 65/66B | €6,239 | €6,566 | +€327 | +5.2% |
| Recurring financial charges | 65 | €6,239 | €6,566 | +€327 | +5.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€30,390 | €43,035 | +€73,425 | |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€30,392 | €43,035 | +€73,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,392 | €43,035 | +€73,427 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.