FACE44: 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.
FACE44
Largest movements
- Receivables within one year +€51,704
up €51,704 (+766%), from €6,753 to €58,457
of which Trade receivables: +€51,851
- Cash +€20,734
up €20,734 (+46.6%), from €44,448 to €65,182
mainly Trade debts (+€56,776) and Net result for the year (+€8,175)
- Trade debts +€56,776
up €56,776 (+258%), from €22,031 to €78,806
- Reserves +€8,175
up €8,175 (+153%), from €5,331 to €13,507
- Other debts +€4,800
new in 2025: €4,800
- Tax, wage and social debts +€2,687
up €2,687 (+201%), from €1,339 to €4,026
- Gross operating margin +€4,659
up €4,659 (+62.3%), from €7,483 to €12,142
- Financial charges +€1,308
up €1,308 (+3,156%), from €41 to €1,350
- Taxes +€896
up €896 (+66.9%), from €1,339 to €2,235
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
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 | €51,201 | €123,639 | +€72,439 | +141% |
| Current assets | 29/58 | €51,201 | €123,639 | +€72,439 | +141% |
| Amounts receivable within one year | 40/41 | €6,753 | €58,457 | +€51,704 | +766% |
| Trade receivables | 40 | €6,606 | €58,457 | +€51,851 | +785% |
| Other amounts receivable | 41 | €146 | - | -€146 | |
| Cash at bank and in hand | 54/58 | €44,448 | €65,182 | +€20,734 | +46.6% |
| Total equity and liabilities | 10/49 | €51,201 | €123,639 | +€72,439 | +141% |
| Equity | 10/15 | €27,831 | €36,007 | +€8,175 | +29.4% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Reserves | 13 | €5,331 | €13,507 | +€8,175 | +153% |
| Distributable reserves | 133 | €5,331 | €13,507 | +€8,175 | +153% |
| Amounts payable | 17/49 | €23,369 | €87,633 | +€64,263 | +275% |
| Amounts payable within one year | 42/48 | €23,369 | €87,633 | +€64,263 | +275% |
| Trade debts | 44 | €22,031 | €78,806 | +€56,776 | +258% |
| Suppliers | 440/4 | €22,031 | €78,806 | +€56,776 | +258% |
| Taxes, remuneration and social security | 45 | €1,339 | €4,026 | +€2,687 | +201% |
| Taxes | 450/3 | €1,339 | €4,026 | +€2,687 | +201% |
| Other amounts payable | 47/48 | - | €4,800 | +€4,800 | |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €7,483 | €12,142 | +€4,659 | +62.3% |
| Operating profit (loss) | 9901 | €6,712 | €11,743 | +€5,031 | +75.0% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €41 | €1,350 | +€1,308 | +3,156% |
| Recurring financial charges | 65 | €41 | €1,350 | +€1,308 | +3,156% |
| Profit (loss) for the period before taxes | 9903 | €6,670 | €10,410 | +€3,740 | +56.1% |
| Income taxes | 67/77 | €1,339 | €2,235 | +€896 | +66.9% |
| Profit (loss) for the period | 9904 | €5,331 | €8,175 | +€2,844 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,331 | €8,175 | +€2,844 | +53.3% |
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.