FACE PRODUCTION: 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 PRODUCTION
Largest movements
- Tangible fixed assets +€242,340
up €242,340 (+1479.8%), from €16,376 to €258,716
of which Other tangible fixed assets: +€248,021
- Receivables within one year +€6,994
up €6,994 (+11.0%), from €63,337 to €70,330
of which Other amounts receivable: +€32,141
- Deferred charges and accrued income +€5,400
new in 2025: €5,400
- Debts after one year +€233,612
new in 2025: €233,612
- Profit (loss) carried forward -€28,940
down €28,940 (-49.3%), from €58,690 to €29,750
- Other debts +€23,844
up €23,844 (+411.6%), from €5,793 to €29,637
- Advances received +€21,500
up €21,500 (+2986.1%), from €720 to €22,220
- Accrued charges and deferred income +€3,880
new in 2025: €3,880
- Depreciation +€33,601
up €33,601 (+300.9%), from €11,165 to €44,767
- Gross operating margin +€23,760
up €23,760 (+169.3%), from €14,033 to €37,793
- Financial charges +€9,173
up €9,173 (+408.7%), from €2,244 to €11,417
- Taxes +€2,805
up €2,805 (+1864.2%), from €150 to €2,956
- Other operating charges -€2,164
down €2,164 (-23.4%), from €9,265 to €7,101
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 | €94,775 | €347,807 | +€253,032 | +267.0% |
| Fixed assets | 21/28 | €16,376 | €258,716 | +€242,340 | +1479.8% |
| Tangible fixed assets | 22/27 | €16,376 | €258,716 | +€242,340 | +1479.8% |
| Plant, machinery and equipment | 23 | €2,199 | €962 | -€1,237 | -56.3% |
| Furniture and vehicles | 24 | €12,808 | €9,434 | -€3,374 | -26.3% |
| Leasing and similar rights | 25 | €1,369 | €299 | -€1,070 | -78.2% |
| Other tangible fixed assets | 26 | - | €248,021 | +€248,021 | |
| Current assets | 29/58 | €78,399 | €89,091 | +€10,692 | +13.6% |
| Amounts receivable within one year | 40/41 | €63,337 | €70,330 | +€6,994 | +11.0% |
| Trade receivables | 40 | €51,638 | €26,491 | -€25,147 | -48.7% |
| Other amounts receivable | 41 | €11,699 | €43,840 | +€32,141 | +274.7% |
| Cash at bank and in hand | 54/58 | €15,062 | €13,361 | -€1,701 | -11.3% |
| Deferred charges and accrued income | 490/1 | - | €5,400 | +€5,400 | |
| Total equity and liabilities | 10/49 | €94,775 | €347,807 | +€253,032 | +267.0% |
| Equity | 10/15 | €60,690 | €31,750 | -€28,940 | -47.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,690 | €29,750 | -€28,940 | -49.3% |
| Amounts payable | 17/49 | €34,085 | €316,057 | +€281,973 | +827.3% |
| Amounts payable after more than one year | 17 | - | €233,612 | +€233,612 | |
| Financial debts | 170/4 | - | €233,612 | +€233,612 | |
| Amounts payable within one year | 42/48 | €34,085 | €78,565 | +€44,480 | +130.5% |
| Current portion of amounts payable after more than one year | 42 | €4,497 | €730 | -€3,768 | -83.8% |
| Trade debts | 44 | €14,531 | €15,060 | +€530 | +3.6% |
| Suppliers | 440/4 | €14,531 | €15,060 | +€530 | +3.6% |
| Advances received on contracts in progress | 46 | €720 | €22,220 | +€21,500 | +2986.1% |
| Taxes, remuneration and social security | 45 | €8,544 | €10,917 | +€2,374 | +27.8% |
| Taxes | 450/3 | €8,544 | €10,917 | +€2,374 | +27.8% |
| Other amounts payable | 47/48 | €5,793 | €29,637 | +€23,844 | +411.6% |
| Accrued charges and deferred income | 492/3 | - | €3,880 | +€3,880 | |
| Non-recurring operating income | 76A | €111 | €2,872 | +€2,761 | +2484.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,165 | €44,767 | +€33,601 | +300.9% |
| Other operating charges | 640/8 | €9,265 | €7,101 | -€2,164 | -23.4% |
| Non-recurring operating charges | 66A | - | €635 | +€635 | |
| Gross operating margin | 9900 | €14,033 | €37,793 | +€23,760 | +169.3% |
| Operating profit (loss) | 9901 | -€6,397 | -€14,710 | -€8,313 | -130.0% |
| Financial income | 75/76B | €19 | €143 | +€123 | +641.5% |
| Recurring financial income | 75 | €19 | €143 | +€123 | +641.5% |
| Financial charges | 65/66B | €2,244 | €11,417 | +€9,173 | +408.7% |
| Recurring financial charges | 65 | €2,244 | €11,417 | +€9,173 | +408.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,622 | -€25,985 | -€17,363 | -201.4% |
| Income taxes | 67/77 | €150 | €2,956 | +€2,805 | +1864.2% |
| Profit (loss) for the period | 9904 | -€8,772 | -€28,940 | -€20,168 | -229.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,772 | -€28,940 | -€20,168 | -229.9% |
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 7 October 2026 via checked.be.