FACE: 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.
FACE
Largest movements
- Cash -€22,985
down €22,985 (-55.0%), from €41,766 to €18,781
mainly Contributions, distributions and other (-€23,251) and Other debts (-€21,584)
- Receivables within one year +€7,618
up €7,618 (+76.9%), from €9,904 to €17,522
of which Other amounts receivable: +€7,644
- Tangible fixed assets -€6,200
down €6,200 (-21.1%), from €29,432 to €23,232
of which Furniture and vehicles: -€3,971
- Deferred charges and accrued income -€3,174
down €3,174 (-34.0%), from €9,343 to €6,169
- Other debts -€21,584
down €21,584 (-35.1%), from €61,544 to €39,960
- Tax, wage and social debts -€8,174
down €8,174 (-47.7%), from €17,151 to €8,977
- Trade debts +€5,017
new in 2025: €5,017
- Gross operating margin -€80,972
down €80,972 (-65.7%), from €123,161 to €42,189
- Taxes -€15,718
down €15,718 (-66.9%), from €23,511 to €7,793
- Financial charges -€4,413
down €4,413 (-56.8%), from €7,765 to €3,352
- Other operating charges -€2,871
down €2,871 (-92.1%), from €3,116 to €245
- Write-downs -€1,500
no longer reported in 2025 (was €1,500)
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 | €91,694 | €66,954 | -€24,741 | -27.0% |
| Fixed assets | 21/28 | €30,682 | €24,482 | -€6,200 | -20.2% |
| Tangible fixed assets | 22/27 | €29,432 | €23,232 | -€6,200 | -21.1% |
| Furniture and vehicles | 24 | €10,501 | €6,530 | -€3,971 | -37.8% |
| Other tangible fixed assets | 26 | €18,931 | €16,703 | -€2,228 | -11.8% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €61,013 | €42,472 | -€18,541 | -30.4% |
| Amounts receivable within one year | 40/41 | €9,904 | €17,522 | +€7,618 | +76.9% |
| Trade receivables | 40 | €341 | €315 | -€26 | -7.6% |
| Other amounts receivable | 41 | €9,563 | €17,207 | +€7,644 | +79.9% |
| Cash at bank and in hand | 54/58 | €41,766 | €18,781 | -€22,985 | -55.0% |
| Deferred charges and accrued income | 490/1 | €9,343 | €6,169 | -€3,174 | -34.0% |
| Total equity and liabilities | 10/49 | €91,694 | €66,954 | -€24,741 | -27.0% |
| Equity | 10/15 | €13,000 | €13,000 | = | 0.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable | 17/49 | €78,694 | €53,954 | -€24,741 | -31.4% |
| Amounts payable within one year | 42/48 | €78,694 | €53,954 | -€24,741 | -31.4% |
| Trade debts | 44 | - | €5,017 | +€5,017 | |
| Suppliers | 440/4 | - | €5,017 | +€5,017 | |
| Taxes, remuneration and social security | 45 | €17,151 | €8,977 | -€8,174 | -47.7% |
| Taxes | 450/3 | €17,151 | €8,977 | -€8,174 | -47.7% |
| Other amounts payable | 47/48 | €61,544 | €39,960 | -€21,584 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,006 | €7,547 | +€540 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €3,116 | €245 | -€2,871 | -92.1% |
| Gross operating margin | 9900 | €123,161 | €42,189 | -€80,972 | -65.7% |
| Operating profit (loss) | 9901 | €111,539 | €34,397 | -€77,142 | -69.2% |
| Financial charges | 65/66B | €7,765 | €3,352 | -€4,413 | -56.8% |
| Recurring financial charges | 65 | €7,765 | €3,352 | -€4,413 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €103,773 | €31,044 | -€72,729 | -70.1% |
| Income taxes | 67/77 | €23,511 | €7,793 | -€15,718 | -66.9% |
| Profit (loss) for the period | 9904 | €80,262 | €23,251 | -€57,011 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,262 | €23,251 | -€57,011 | -71.0% |
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 30 September 2026 via checked.be.