FACES: 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.
FACES
Largest movements
- Receivables within one year +€21,948
up €21,948 (+175.2%), from €12,526 to €34,474
of which Trade receivables: +€17,966
- Cash +€9,259
up €9,259 (+13.7%), from €67,486 to €76,744
mainly Net result for the year (+€41,273) and Depreciation (+€2,335)
- Reserves +€41,273
up €41,273 (+43.3%), from €95,367 to €136,640
- Tax, wage and social debts -€12,452
down €12,452 (-35.8%), from €34,786 to €22,334
of which Taxes: -€15,452
- Gross operating margin +€16,473
up €16,473 (+47.4%), from €34,769 to €51,242
- Financial income +€5,446
new in 2025: €5,446
- Taxes +€1,957
up €1,957 (+19.8%), from €9,905 to €11,862
- Financial charges -€588
down €588 (-91.4%), from €643 to €55
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 | €134,678 | €165,774 | +€31,095 | +23.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €15,277 | €15,474 | +€197 | +1.3% |
| Tangible fixed assets | 22/27 | €15,277 | €15,474 | +€197 | +1.3% |
| Plant, machinery and equipment | 23 | €912 | €645 | -€267 | -29.2% |
| Furniture and vehicles | 24 | €1,813 | €1,017 | -€796 | -43.9% |
| Other tangible fixed assets | 26 | €12,553 | €13,813 | +€1,260 | +10.0% |
| Current assets | 29/58 | €119,401 | €150,299 | +€30,898 | +25.9% |
| Amounts receivable within one year | 40/41 | €12,526 | €34,474 | +€21,948 | +175.2% |
| Trade receivables | 40 | €12,526 | €30,492 | +€17,966 | +143.4% |
| Other amounts receivable | 41 | - | €3,982 | +€3,982 | |
| Current investments | 50/53 | €39,081 | €39,081 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,486 | €76,744 | +€9,259 | +13.7% |
| Deferred charges and accrued income | 490/1 | €308 | - | -€308 | |
| Total equity and liabilities | 10/49 | €134,678 | €165,774 | +€31,095 | +23.1% |
| Equity | 10/15 | €98,367 | €139,640 | +€41,273 | +42.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €95,367 | €136,640 | +€41,273 | +43.3% |
| Distributable reserves | 133 | €95,367 | €136,640 | +€41,273 | +43.3% |
| Amounts payable | 17/49 | €36,312 | €26,134 | -€10,178 | -28.0% |
| Amounts payable within one year | 42/48 | €35,782 | €25,785 | -€9,997 | -27.9% |
| Trade debts | 44 | €997 | €2,590 | +€1,594 | +159.9% |
| Suppliers | 440/4 | €997 | €2,590 | +€1,594 | +159.9% |
| Taxes, remuneration and social security | 45 | €34,786 | €22,334 | -€12,452 | -35.8% |
| Taxes | 450/3 | €33,489 | €18,037 | -€15,452 | -46.1% |
| Remuneration and social security | 454/9 | €1,297 | €4,297 | +€3,000 | +231.3% |
| Other amounts payable | 47/48 | - | €861 | +€861 | |
| Accrued charges and deferred income | 492/3 | €529 | €349 | -€180 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €2,335 | +€99 | +4.4% |
| Other operating charges | 640/8 | €802 | €1,163 | +€361 | +45.0% |
| Gross operating margin | 9900 | €34,769 | €51,242 | +€16,473 | +47.4% |
| Operating profit (loss) | 9901 | €31,732 | €47,744 | +€16,012 | +50.5% |
| Financial income | 75/76B | - | €5,446 | +€5,446 | |
| Recurring financial income | 75 | - | €5,446 | +€5,446 | |
| Financial charges | 65/66B | €643 | €55 | -€588 | -91.4% |
| Recurring financial charges | 65 | €643 | €55 | -€588 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €31,089 | €53,135 | +€22,046 | +70.9% |
| Income taxes | 67/77 | €9,905 | €11,862 | +€1,957 | +19.8% |
| Profit (loss) for the period | 9904 | €21,184 | €41,273 | +€20,089 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,184 | €41,273 | +€20,089 | +94.8% |
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 11 October 2026 via checked.be.