FAC plus M: 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 plus M
Largest movements
- Tangible fixed assets -€16,292
down €16,292 (-6.7%), from €243,588 to €227,296
- Cash +€5,001
up €5,001 (+34.6%), from €14,464 to €19,465
mainly Depreciation (+€16,292) and Receivables within one year (+€1,237)
- Profit (loss) carried forward -€6,707
down €6,707 (-3.2%), from -€210,764 to -€217,471
- Other debts -€5,560
down €5,560 (-1.7%), from €329,313 to €323,753
- Other operating charges -€1,514
down €1,514 (-26.9%), from €5,632 to €4,118
- Gross operating margin +€556
up €556 (+4.2%), from €13,186 to €13,742
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 | €261,805 | €249,282 | -€12,523 | -4.8% |
| Fixed assets | 21/28 | €243,588 | €227,296 | -€16,292 | -6.7% |
| Tangible fixed assets | 22/27 | €243,588 | €227,296 | -€16,292 | -6.7% |
| Land and buildings | 22 | €243,588 | €227,296 | -€16,292 | -6.7% |
| Current assets | 29/58 | €18,217 | €21,986 | +€3,770 | +20.7% |
| Amounts receivable within one year | 40/41 | €2,742 | €1,505 | -€1,237 | -45.1% |
| Trade receivables | 40 | €1,467 | €1,235 | -€232 | -15.8% |
| Other amounts receivable | 41 | €1,275 | €270 | -€1,005 | -78.8% |
| Current investments | 50/53 | €1,011 | €1,017 | +€5 | +0.5% |
| Cash at bank and in hand | 54/58 | €14,464 | €19,465 | +€5,001 | +34.6% |
| Total equity and liabilities | 10/49 | €261,805 | €249,282 | -€12,523 | -4.8% |
| Equity | 10/15 | -€139,764 | -€146,471 | -€6,707 | -4.8% |
| Contributions | 10/11 | €71,000 | €71,000 | = | 0.0% |
| Capital | 10 | €71,000 | €71,000 | = | 0.0% |
| Issued capital | 100 | €71,000 | €71,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,764 | -€217,471 | -€6,707 | -3.2% |
| Amounts payable | 17/49 | €401,569 | €395,753 | -€5,815 | -1.4% |
| Amounts payable after more than one year | 17 | €71,000 | €71,000 | = | 0.0% |
| Other amounts payable | 178/9 | €71,000 | €71,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €329,569 | €323,753 | -€5,815 | -1.8% |
| Trade debts | 44 | €256 | - | -€256 | |
| Suppliers | 440/4 | €256 | - | -€256 | |
| Other amounts payable | 47/48 | €329,313 | €323,753 | -€5,560 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,292 | €16,292 | = | 0.0% |
| Other operating charges | 640/8 | €5,632 | €4,118 | -€1,514 | -26.9% |
| Gross operating margin | 9900 | €13,186 | €13,742 | +€556 | +4.2% |
| Operating profit (loss) | 9901 | -€8,738 | -€6,669 | +€2,070 | +23.7% |
| Financial income | 75/76B | €14 | €8 | -€6 | -43.6% |
| Recurring financial income | 75 | €14 | €8 | -€6 | -43.6% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,771 | -€6,707 | +€2,064 | +23.5% |
| Profit (loss) for the period | 9904 | -€8,771 | -€6,707 | +€2,064 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,771 | -€6,707 | +€2,064 | +23.5% |
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 10 October 2026 via checked.be.