FACER: 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.
FACER
Largest movements
- Tangible fixed assets +€410,303
up €410,303 (+46.4%), from €883,687 to €1.3m
of which Land and buildings: +€404,288
- Stocks and contracts -€190,806
down €190,806 (-43.7%), from €436,869 to €246,062
of which Contracts in progress: -€175,806
- Cash -€144,444
down €144,444 (-76.9%), from €187,924 to €43,480
mainly Investment in fixed assets (net) (-€478,544) and Trade debts (-€155,523)
- Receivables within one year +€69,516
up €69,516 (+11.1%), from €625,004 to €694,520
of which Trade receivables: +€37,780
- Receivables after one year -€28,092
down €28,092 (-18.4%), from €152,270 to €124,178
- Debts after one year +€274,523
up €274,523 (+31.1%), from €883,484 to €1.2m
- Trade debts -€155,523
down €155,523 (-33.5%), from €463,718 to €308,194
- Reserves +€133,363
up €133,363 (+18.8%), from €710,752 to €844,115
of which Distributable reserves: +€133,363
- Profit (loss) carried forward -€117,366
no longer reported in 2025 (was €117,366)
- Tax, wage and social debts -€36,354
down €36,354 (-85.0%), from €42,764 to €6,410
of which Remuneration and social security: -€31,850
- Gross operating margin -€71,345
down €71,345 (-10.0%), from €716,630 to €645,284
- Financial charges +€19,479
up €19,479 (+42.0%), from €46,386 to €65,865
- Staff costs +€17,959
up €17,959 (+4.1%), from €433,941 to €451,900
- Taxes -€9,293
down €9,293 (-23.2%), from €40,101 to €30,808
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 | €2,560,754 | €2,677,230 | +€116,476 | +4.5% |
| Fixed assets | 21/28 | €1,158,687 | €1,568,990 | +€410,303 | +35.4% |
| Tangible fixed assets | 22/27 | €883,687 | €1,293,990 | +€410,303 | +46.4% |
| Land and buildings | 22 | €864,218 | €1,268,506 | +€404,288 | +46.8% |
| Plant, machinery and equipment | 23 | €3,984 | €3,182 | -€801 | -20.1% |
| Furniture and vehicles | 24 | €15,485 | €22,302 | +€6,817 | +44.0% |
| Financial fixed assets | 28 | €275,000 | €275,000 | = | 0.0% |
| Current assets | 29/58 | €1,402,067 | €1,108,240 | -€293,827 | -21.0% |
| Amounts receivable after more than one year | 29 | €152,270 | €124,178 | -€28,092 | -18.4% |
| Other amounts receivable | 291 | €152,270 | €124,178 | -€28,092 | -18.4% |
| Stocks and contracts in progress | 3 | €436,869 | €246,062 | -€190,806 | -43.7% |
| Stocks | 30/36 | €78,830 | €63,830 | -€15,000 | -19.0% |
| Contracts in progress | 37 | €358,038 | €182,232 | -€175,806 | -49.1% |
| Amounts receivable within one year | 40/41 | €625,004 | €694,520 | +€69,516 | +11.1% |
| Trade receivables | 40 | €444,888 | €482,668 | +€37,780 | +8.5% |
| Other amounts receivable | 41 | €180,116 | €211,852 | +€31,736 | +17.6% |
| Cash at bank and in hand | 54/58 | €187,924 | €43,480 | -€144,444 | -76.9% |
| Total equity and liabilities | 10/49 | €2,560,754 | €2,677,230 | +€116,476 | +4.5% |
| Equity | 10/15 | €846,710 | €862,707 | +€15,997 | +1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €710,752 | €844,115 | +€133,363 | +18.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,528 | €11,528 | = | 0.0% |
| Distributable reserves | 133 | €697,365 | €830,729 | +€133,363 | +19.1% |
| Profit (loss) carried forward | 14 | €117,366 | - | -€117,366 | |
| Amounts payable | 17/49 | €1,714,044 | €1,814,522 | +€100,479 | +5.9% |
| Amounts payable after more than one year | 17 | €883,484 | €1,158,007 | +€274,523 | +31.1% |
| Financial debts | 170/4 | €883,484 | €1,158,007 | +€274,523 | +31.1% |
| Amounts payable within one year | 42/48 | €830,560 | €656,516 | -€174,045 | -21.0% |
| Current portion of amounts payable after more than one year | 42 | €90,594 | €108,698 | +€18,105 | +20.0% |
| Financial debts | 43 | €233,485 | €233,213 | -€272 | -0.1% |
| Credit institutions | 430/8 | €233,485 | €233,213 | -€272 | -0.1% |
| Trade debts | 44 | €463,718 | €308,194 | -€155,523 | -33.5% |
| Suppliers | 440/4 | €463,718 | €308,194 | -€155,523 | -33.5% |
| Taxes, remuneration and social security | 45 | €42,764 | €6,410 | -€36,354 | -85.0% |
| Taxes | 450/3 | €5,043 | €538 | -€4,504 | -89.3% |
| Remuneration and social security | 454/9 | €37,722 | €5,872 | -€31,850 | -84.4% |
| Remuneration, social security and pensions | 62 | €433,941 | €451,900 | +€17,959 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,311 | €68,240 | +€1,929 | +2.9% |
| Other operating charges | 640/8 | €13,589 | €12,477 | -€1,112 | -8.2% |
| Gross operating margin | 9900 | €716,630 | €645,284 | -€71,345 | -10.0% |
| Operating profit (loss) | 9901 | €202,788 | €112,667 | -€90,121 | -44.4% |
| Financial income | 75/76B | €1,065 | €4 | -€1,061 | -99.7% |
| Recurring financial income | 75 | €1,065 | €4 | -€1,061 | -99.7% |
| Financial charges | 65/66B | €46,386 | €65,865 | +€19,479 | +42.0% |
| Recurring financial charges | 65 | €46,386 | €65,865 | +€19,479 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €157,467 | €46,805 | -€110,662 | -70.3% |
| Income taxes | 67/77 | €40,101 | €30,808 | -€9,293 | -23.2% |
| Profit (loss) for the period | 9904 | €117,366 | €15,997 | -€101,369 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €117,366 | €15,997 | -€101,369 | -86.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.