FACETO: 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.
What changed
FACETO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,731
2024 · €73,319-€24,589
Equity
€10.9m
2024 · €10.9m+€48,731
Cash
€414,929
2024 · €228,742+€186,187
Balance sheet total
€13.3m
2024 · €13.2m+€105,668
Largest movements
Assets
- Cash +€186,187
up €186,187 (+81.4%), from €228,742 to €414,929
mainly Depreciation (+€101,699) and Tax, wage and social debts (+€52,474)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Staff costs +€49,432
up €49,432 (+29.3%), from €168,885 to €218,318
- Gross operating margin +€18,259
up €18,259 (+4.7%), from €390,784 to €409,043
- Depreciation -€7,581
down €7,581 (-6.9%), from €109,280 to €101,699
- Taxes -€7,578
down €7,578 (-27.6%), from €27,502 to €19,924
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.
Result 2024
€73,319
Gross operating margin
+€18,259
Staff costs
-€49,432
Depreciation
+€7,581
Other operating charges
+€279
Other operating items
-€9,415
Financial income
+€894
Financial charges
-€331
Taxes
+€7,578
Result 2025
€48,731
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€202,079
Investment
-€15,892
Financing
€0
Cash 2024
€228,742
From operations (derived)
+€202,079
Net result for the year
+€48,731
Depreciation
+€101,699
Stocks and contracts
-€10,331
Receivables within one year
+€3,942
Deferred charges and accrued income
+€1,100
Provisions
-€13,110
Trade debts
-€8,202
Tax, wage and social debts
+€52,474
Other debts
+€25,775
Investment (derived)
-€15,892
Investment in fixed assets (net)
-€15,892
Cash 2025
€414,929
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,170,190 | €13,275,858 | +€105,668 | +0.8% |
| Fixed assets | 21/28 | €5,341,683 | €5,255,876 | -€85,807 | -1.6% |
| Tangible fixed assets | 22/27 | €1,841,804 | €1,755,997 | -€85,807 | -4.7% |
| Land and buildings | 22 | €1,591,241 | €1,553,890 | -€37,351 | -2.3% |
| Plant, machinery and equipment | 23 | €86,167 | €82,466 | -€3,701 | -4.3% |
| Furniture and vehicles | 24 | €97,714 | €71,959 | -€25,755 | -26.4% |
| Other tangible fixed assets | 26 | €66,682 | €47,682 | -€19,000 | -28.5% |
| Financial fixed assets | 28 | €3,499,879 | €3,499,879 | = | 0.0% |
| Current assets | 29/58 | €7,828,507 | €8,019,982 | +€191,475 | +2.4% |
| Stocks and contracts in progress | 3 | €43,000 | €53,331 | +€10,331 | +24.0% |
| Stocks | 30/36 | €43,000 | €53,331 | +€10,331 | +24.0% |
| Amounts receivable within one year | 40/41 | €6,898,128 | €6,894,186 | -€3,942 | -0.1% |
| Trade receivables | 40 | €133,395 | €101,284 | -€32,112 | -24.1% |
| Other amounts receivable | 41 | €6,764,732 | €6,792,902 | +€28,170 | +0.4% |
| Current investments | 50/53 | €648,551 | €648,551 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228,742 | €414,929 | +€186,187 | +81.4% |
| Deferred charges and accrued income | 490/1 | €10,086 | €8,986 | -€1,100 | -10.9% |
| Total equity and liabilities | 10/49 | €13,170,190 | €13,275,858 | +€105,668 | +0.8% |
| Equity | 10/15 | €10,878,000 | €10,926,731 | +€48,731 | +0.4% |
| Contributions | 10/11 | €1,460,000 | €1,460,000 | = | 0.0% |
| Reserves | 13 | €9,418,000 | €9,466,731 | +€48,731 | +0.5% |
| Distributable reserves | 133 | €9,418,000 | €9,466,731 | +€48,731 | +0.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €13,110 | €0 | -€13,110 | -100% |
| Provisions for liabilities and charges | 160/5 | €13,110 | €0 | -€13,110 | -100% |
| Other liabilities and charges | 164/5 | €13,110 | €0 | -€13,110 | -100% |
| Amounts payable | 17/49 | €2,279,080 | €2,349,127 | +€70,048 | +3.1% |
| Amounts payable within one year | 42/48 | €2,279,080 | €2,349,127 | +€70,048 | +3.1% |
| Trade debts | 44 | €72,148 | €63,945 | -€8,202 | -11.4% |
| Suppliers | 440/4 | €72,148 | €63,945 | -€8,202 | -11.4% |
| Taxes, remuneration and social security | 45 | €25,345 | €77,820 | +€52,474 | +207% |
| Taxes | 450/3 | €7,282 | €53,795 | +€46,514 | +639% |
| Remuneration and social security | 454/9 | €18,063 | €24,024 | +€5,961 | +33.0% |
| Other amounts payable | 47/48 | €2,181,587 | €2,207,362 | +€25,775 | +1.2% |
| Remuneration, social security and pensions | 62 | €168,885 | €218,318 | +€49,432 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,280 | €101,699 | -€7,581 | -6.9% |
| Other operating charges | 640/8 | €11,881 | €11,603 | -€279 | -2.3% |
| Non-recurring operating charges | 66A | - | €9,415 | +€9,415 | |
| Gross operating margin | 9900 | €390,784 | €409,043 | +€18,259 | +4.7% |
| Operating profit (loss) | 9901 | €100,738 | €68,008 | -€32,729 | -32.5% |
| Financial income | 75/76B | €473 | €1,367 | +€894 | +189% |
| Recurring financial income | 75 | €473 | €1,367 | +€894 | +189% |
| Financial charges | 65/66B | €389 | €721 | +€331 | +85.2% |
| Recurring financial charges | 65 | €74 | €721 | +€646 | +867% |
| Non-recurring financial charges | 66B | €315 | €0 | -€315 | -100% |
| Profit (loss) for the period before taxes | 9903 | €100,821 | €68,654 | -€32,167 | -31.9% |
| Income taxes | 67/77 | €27,502 | €19,924 | -€7,578 | -27.6% |
| Profit (loss) for the period | 9904 | €73,319 | €48,731 | -€24,589 | -33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,319 | €48,731 | -€24,589 | -33.5% |
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.