FACEL: 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.
FACEL
Largest movements
- Cash -€167,979
down €167,979 (-68.8%), from €244,245 to €76,266
mainly Contributions, distributions and other (-€200,000) and Receivables within one year (-€26,424)
- Receivables within one year +€26,424
up €26,424 (+143.0%), from €18,479 to €44,903
of which Other amounts receivable: +€23,536
- Reserves -€126,490
down €126,490 (-61.7%), from €205,056 to €78,566
- Other debts -€19,693
down €19,693 (-39.6%), from €49,693 to €30,000
- Tax, wage and social debts +€4,681
up €4,681 (+67.1%), from €6,981 to €11,662
- Taxes +€5,540
up €5,540 (+27.4%), from €20,184 to €25,724
- Gross operating margin +€2,183
up €2,183 (+2.3%), from €96,023 to €98,206
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 | €264,017 | €122,515 | -€141,502 | -53.6% |
| Fixed assets | 21/28 | €1,293 | €1,346 | +€53 | +4.1% |
| Tangible fixed assets | 22/27 | €1,293 | €1,346 | +€53 | +4.1% |
| Plant, machinery and equipment | 23 | €793 | €489 | -€304 | -38.3% |
| Furniture and vehicles | 24 | €48 | €476 | +€428 | +891.7% |
| Other tangible fixed assets | 26 | €452 | €381 | -€71 | -15.7% |
| Current assets | 29/58 | €262,724 | €121,169 | -€141,555 | -53.9% |
| Amounts receivable within one year | 40/41 | €18,479 | €44,903 | +€26,424 | +143.0% |
| Trade receivables | 40 | €11,313 | €14,201 | +€2,888 | +25.5% |
| Other amounts receivable | 41 | €7,166 | €30,702 | +€23,536 | +328.4% |
| Cash at bank and in hand | 54/58 | €244,245 | €76,266 | -€167,979 | -68.8% |
| Total equity and liabilities | 10/49 | €264,017 | €122,515 | -€141,502 | -53.6% |
| Equity | 10/15 | €207,056 | €80,566 | -€126,490 | -61.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €205,056 | €78,566 | -€126,490 | -61.7% |
| Distributable reserves | 133 | €205,056 | €78,566 | -€126,490 | -61.7% |
| Amounts payable | 17/49 | €56,961 | €41,949 | -€15,012 | -26.4% |
| Amounts payable within one year | 42/48 | €56,961 | €41,949 | -€15,012 | -26.4% |
| Trade debts | 44 | €287 | €287 | = | 0.0% |
| Suppliers | 440/4 | €287 | €287 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,981 | €11,662 | +€4,681 | +67.1% |
| Taxes | 450/3 | €6,981 | €11,662 | +€4,681 | +67.1% |
| Other amounts payable | 47/48 | €49,693 | €30,000 | -€19,693 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €256 | €491 | +€235 | +91.8% |
| Other operating charges | 640/8 | €63 | €58 | -€5 | -7.9% |
| Gross operating margin | 9900 | €96,023 | €98,206 | +€2,183 | +2.3% |
| Operating profit (loss) | 9901 | €95,704 | €97,657 | +€1,953 | +2.0% |
| Financial income | 75/76B | €1,184 | €1,620 | +€436 | +36.8% |
| Recurring financial income | 75 | €1,184 | €1,620 | +€436 | +36.8% |
| Financial charges | 65/66B | €70 | €43 | -€27 | -38.6% |
| Recurring financial charges | 65 | €70 | €43 | -€27 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €96,818 | €99,234 | +€2,416 | +2.5% |
| Income taxes | 67/77 | €20,184 | €25,724 | +€5,540 | +27.4% |
| Profit (loss) for the period | 9904 | €76,634 | €73,510 | -€3,124 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,634 | €73,510 | -€3,124 | -4.1% |
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 29 September 2026 via checked.be.