FAC MANANGEMENT: 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 MANANGEMENT
Largest movements
- Receivables within one year +€77,110
up €77,110 (+208%), from €37,105 to €114,215
of which Trade receivables: +€42,609
- Cash -€29,618
down €29,618 (-59.3%), from €49,950 to €20,331
mainly Receivables within one year (-€77,110) and Contributions, distributions and other (-€11,000)
- Stocks and contracts -€8,644
down €8,644 (-17.6%), from €49,207 to €40,562
- Tax, wage and social debts +€18,743
up €18,743 (+723%), from €2,592 to €21,335
of which Taxes: +€11,757
- Other debts +€11,000
new in 2025: €11,000
- Reserves +€6,898
up €6,898 (+19.1%), from €36,053 to €42,951
of which Distributable reserves: +€6,000
- Purchases and services -€20,939
no longer reported in 2025 (was €20,939)
- Gross operating margin +€9,378
up €9,378 (+45.0%), from €20,834 to €30,213
- Write-downs +€7,144
new in 2025: €7,144
- Depreciation -€2,663
down €2,663 (-75.1%), from €3,545 to €882
- Taxes +€976
up €976 (+37.7%), from €2,592 to €3,568
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 | €139,117 | €177,676 | +€38,559 | +27.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,855 | €2,567 | -€288 | -10.1% |
| Tangible fixed assets | 22/27 | €1,755 | €1,467 | -€288 | -16.4% |
| Plant, machinery and equipment | 23 | €647 | €465 | -€182 | -28.2% |
| Furniture and vehicles | 24 | €1,108 | €1,003 | -€106 | -9.5% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €136,262 | €175,109 | +€38,847 | +28.5% |
| Stocks and contracts in progress | 3 | €49,207 | €40,562 | -€8,644 | -17.6% |
| Stocks | 30/36 | €49,207 | €40,562 | -€8,644 | -17.6% |
| Amounts receivable within one year | 40/41 | €37,105 | €114,215 | +€77,110 | +208% |
| Trade receivables | 40 | €24,015 | €66,624 | +€42,609 | +177% |
| Other amounts receivable | 41 | €13,090 | €47,591 | +€34,501 | +264% |
| Cash at bank and in hand | 54/58 | €49,950 | €20,331 | -€29,618 | -59.3% |
| Total equity and liabilities | 10/49 | €139,117 | €177,676 | +€38,559 | +27.7% |
| Equity | 10/15 | €134,882 | €143,010 | +€8,128 | +6.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €36,053 | €42,951 | +€6,898 | +19.1% |
| Non-distributable reserves | 130/1 | €2,303 | €3,201 | +€898 | +39.0% |
| Legal reserve | 130 | €2,303 | €3,201 | +€898 | +39.0% |
| Distributable reserves | 133 | €33,750 | €39,750 | +€6,000 | +17.8% |
| Profit (loss) carried forward | 14 | -€1,170 | €60 | +€1,230 | |
| Amounts payable | 17/49 | €4,235 | €34,666 | +€30,431 | +719% |
| Amounts payable within one year | 42/48 | €4,235 | €34,666 | +€30,431 | +719% |
| Trade debts | 44 | €1,643 | €2,331 | +€688 | +41.9% |
| Suppliers | 440/4 | €1,643 | €2,331 | +€688 | +41.9% |
| Taxes, remuneration and social security | 45 | €2,592 | €21,335 | +€18,743 | +723% |
| Taxes | 450/3 | €2,592 | €14,349 | +€11,757 | +454% |
| Remuneration and social security | 454/9 | - | €6,986 | +€6,986 | |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €20,939 | - | -€20,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,545 | €882 | -€2,663 | -75.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,144 | +€7,144 | |
| Other operating charges | 640/8 | €1,415 | €944 | -€471 | -33.3% |
| Gross operating margin | 9900 | €20,834 | €30,213 | +€9,378 | +45.0% |
| Operating profit (loss) | 9901 | €15,874 | €21,242 | +€5,368 | +33.8% |
| Financial income | 75/76B | €2,422 | €1,588 | -€834 | -34.4% |
| Recurring financial income | 75 | €2,422 | €1,588 | -€834 | -34.4% |
| Financial charges | 65/66B | €132 | €134 | +€2 | +1.5% |
| Recurring financial charges | 65 | €132 | €134 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €18,163 | €22,696 | +€4,532 | +25.0% |
| Income taxes | 67/77 | €2,592 | €3,568 | +€976 | +37.7% |
| Profit (loss) for the period | 9904 | €15,571 | €19,128 | +€3,556 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,571 | €19,128 | +€3,556 | +22.8% |
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 26 October 2026 via checked.be.