FAC: 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.
FAC
Largest movements
- Tangible fixed assets +€20,248
up €20,248 (+35.6%), from €56,810 to €77,058
of which Land and buildings: +€37,771
- Cash +€6,167
up €6,167 (+13.6%), from €45,378 to €51,545
mainly Net result for the year (+€33,589) and Depreciation (+€17,893)
- Receivables within one year +€2,829
up €2,829 (+7.5%), from €37,606 to €40,436
of which Other amounts receivable: +€6,208
- Reserves +€33,589
up €33,589 (+33.5%), from €100,179 to €133,768
- Tax, wage and social debts -€4,870
down €4,870 (-42.9%), from €11,343 to €6,473
- Gross operating margin +€9,131
up €9,131 (+17.7%), from €51,653 to €60,785
- Financial income -€1,162
down €1,162 (-100.0%), from €1,162 to €0
- Taxes +€642
up €642 (+7.9%), from €8,150 to €8,792
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 | €141,357 | €170,646 | +€29,289 | +20.7% |
| Fixed assets | 21/28 | €56,810 | €77,058 | +€20,248 | +35.6% |
| Tangible fixed assets | 22/27 | €56,810 | €77,058 | +€20,248 | +35.6% |
| Land and buildings | 22 | - | €37,771 | +€37,771 | |
| Plant, machinery and equipment | 23 | €464 | €23 | -€441 | -95.1% |
| Furniture and vehicles | 24 | €56,346 | €39,264 | -€17,082 | -30.3% |
| Current assets | 29/58 | €84,547 | €93,588 | +€9,041 | +10.7% |
| Amounts receivable within one year | 40/41 | €37,606 | €40,436 | +€2,829 | +7.5% |
| Trade receivables | 40 | €30,407 | €27,028 | -€3,379 | -11.1% |
| Other amounts receivable | 41 | €7,199 | €13,407 | +€6,208 | +86.2% |
| Cash at bank and in hand | 54/58 | €45,378 | €51,545 | +€6,167 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,563 | €1,607 | +€44 | +2.8% |
| Total equity and liabilities | 10/49 | €141,357 | €170,646 | +€29,289 | +20.7% |
| Equity | 10/15 | €118,779 | €152,368 | +€33,589 | +28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,179 | €133,768 | +€33,589 | +33.5% |
| Distributable reserves | 133 | €100,179 | €133,768 | +€33,589 | +33.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,578 | €18,278 | -€4,300 | -19.0% |
| Amounts payable within one year | 42/48 | €22,578 | €18,278 | -€4,300 | -19.0% |
| Trade debts | 44 | €3,884 | €4,302 | +€419 | +10.8% |
| Suppliers | 440/4 | €3,884 | €4,302 | +€419 | +10.8% |
| Taxes, remuneration and social security | 45 | €11,343 | €6,473 | -€4,870 | -42.9% |
| Taxes | 450/3 | €11,343 | €6,473 | -€4,870 | -42.9% |
| Other amounts payable | 47/48 | €7,351 | €7,503 | +€151 | +2.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,523 | €17,893 | +€371 | +2.1% |
| Other operating charges | 640/8 | €910 | €397 | -€512 | -56.3% |
| Gross operating margin | 9900 | €51,653 | €60,785 | +€9,131 | +17.7% |
| Operating profit (loss) | 9901 | €33,221 | €42,494 | +€9,273 | +27.9% |
| Financial income | 75/76B | €1,162 | €0 | -€1,162 | -100.0% |
| Recurring financial income | 75 | €1,162 | €0 | -€1,162 | -100.0% |
| Financial charges | 65/66B | €111 | €113 | +€2 | +1.5% |
| Recurring financial charges | 65 | €111 | €113 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €34,271 | €42,381 | +€8,110 | +23.7% |
| Income taxes | 67/77 | €8,150 | €8,792 | +€642 | +7.9% |
| Profit (loss) for the period | 9904 | €26,122 | €33,589 | +€7,468 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,122 | €33,589 | +€7,468 | +28.6% |
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 13 October 2026 via checked.be.