FACIBEL: 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.
FACIBEL
Largest movements
- Cash -€47,212
down €47,212 (-80.3%), from €58,828 to €11,616
mainly Investment in fixed assets (net) (-€252,000) and Trade debts (-€115,195)
- Tangible fixed assets +€44,752
up €44,752 (+11.3%), from €396,539 to €441,292
of which Furniture and vehicles: +€43,495
- Intangible fixed assets +€41,754
up €41,754 (+89.2%), from €46,795 to €88,549
- Deferred charges and accrued income +€24,146
up €24,146 (+206.7%), from €11,682 to €35,828
- Receivables within one year +€16,129
up €16,129 (+6.2%), from €260,962 to €277,091
of which Trade receivables: +€30,558
- Profit (loss) carried forward +€280,791
up €280,791, from -€221,475 to €59,316
- Trade debts -€115,195
down €115,195 (-61.3%), from €187,980 to €72,785
- Contributions +€100,000
up €100,000 (+2000.0%), from €5,000 to €105,000
- Reserves -€88,477
down €88,477 (-100.0%), from €88,477 to €0
- Advances received -€76,221
down €76,221 (-50.4%), from €151,325 to €75,104
- Gross operating margin +€642,054
up €642,054 (+132.6%), from €484,201 to €1.1m
- Staff costs +€178,233
up €178,233 (+33.2%), from €536,182 to €714,414
- Depreciation +€38,627
up €38,627 (+31.0%), from €124,530 to €163,157
- Other operating charges +€21,295
up €21,295 (+307.3%), from €6,929 to €28,224
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 | €802,478 | €892,001 | +€89,523 | +11.2% |
| Formation expenses | 20 | - | €1,836 | +€1,836 | |
| Fixed assets | 21/28 | €443,335 | €530,341 | +€87,006 | +19.6% |
| Intangible fixed assets | 21 | €46,795 | €88,549 | +€41,754 | +89.2% |
| Tangible fixed assets | 22/27 | €396,539 | €441,292 | +€44,752 | +11.3% |
| Plant, machinery and equipment | 23 | €138,526 | €137,682 | -€845 | -0.6% |
| Furniture and vehicles | 24 | €219,056 | €262,551 | +€43,495 | +19.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €38,957 | €41,059 | +€2,102 | +5.4% |
| Financial fixed assets | 28 | €0 | €500 | +€500 | |
| Current assets | 29/58 | €359,143 | €359,824 | +€681 | +0.2% |
| Stocks and contracts in progress | 3 | €27,671 | €35,288 | +€7,617 | +27.5% |
| Stocks | 30/36 | €27,671 | €35,288 | +€7,617 | +27.5% |
| Amounts receivable within one year | 40/41 | €260,962 | €277,091 | +€16,129 | +6.2% |
| Trade receivables | 40 | €232,152 | €262,710 | +€30,558 | +13.2% |
| Other amounts receivable | 41 | €28,809 | €14,381 | -€14,428 | -50.1% |
| Cash at bank and in hand | 54/58 | €58,828 | €11,616 | -€47,212 | -80.3% |
| Deferred charges and accrued income | 490/1 | €11,682 | €35,828 | +€24,146 | +206.7% |
| Total equity and liabilities | 10/49 | €802,478 | €892,001 | +€89,523 | +11.2% |
| Equity | 10/15 | -€127,999 | €164,316 | +€292,315 | |
| Contributions | 10/11 | €5,000 | €105,000 | +€100,000 | +2000.0% |
| Reserves | 13 | €88,477 | €0 | -€88,477 | -100.0% |
| Distributable reserves | 133 | €88,477 | €0 | -€88,477 | -100.0% |
| Profit (loss) carried forward | 14 | -€221,475 | €59,316 | +€280,791 | |
| Amounts payable | 17/49 | €930,476 | €727,685 | -€202,792 | -21.8% |
| Amounts payable after more than one year | 17 | €297,847 | €222,053 | -€75,794 | -25.4% |
| Financial debts | 170/4 | €297,847 | €222,053 | -€75,794 | -25.4% |
| Amounts payable within one year | 42/48 | €620,872 | €501,090 | -€119,782 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €127,354 | €153,415 | +€26,061 | +20.5% |
| Financial debts | 43 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Other loans | 439 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Trade debts | 44 | €187,980 | €72,785 | -€115,195 | -61.3% |
| Suppliers | 440/4 | €187,980 | €72,785 | -€115,195 | -61.3% |
| Advances received on contracts in progress | 46 | €151,325 | €75,104 | -€76,221 | -50.4% |
| Taxes, remuneration and social security | 45 | €54,213 | €79,381 | +€25,168 | +46.4% |
| Taxes | 450/3 | €3,196 | €3,744 | +€548 | +17.1% |
| Remuneration and social security | 454/9 | €51,017 | €75,637 | +€24,620 | +48.3% |
| Other amounts payable | 47/48 | €0 | €405 | +€405 | |
| Accrued charges and deferred income | 492/3 | €11,757 | €4,541 | -€7,216 | -61.4% |
| Non-recurring operating income | 76A | - | €30,962 | +€30,962 | |
| Remuneration, social security and pensions | 62 | €536,182 | €714,414 | +€178,233 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,530 | €163,157 | +€38,627 | +31.0% |
| Other operating charges | 640/8 | €6,929 | €28,224 | +€21,295 | +307.3% |
| Non-recurring operating charges | 66A | €4,705 | €2,171 | -€2,534 | -53.9% |
| Gross operating margin | 9900 | €484,201 | €1,126,255 | +€642,054 | +132.6% |
| Operating profit (loss) | 9901 | -€188,144 | €218,288 | +€406,432 | |
| Financial income | 75/76B | €1,990 | €1,344 | -€645 | -32.4% |
| Recurring financial income | 75 | €1,990 | €1,344 | -€645 | -32.4% |
| Financial charges | 65/66B | €35,075 | €28,993 | -€6,081 | -17.3% |
| Recurring financial charges | 65 | €35,075 | €28,993 | -€6,081 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€221,229 | €190,639 | +€411,868 | |
| Income taxes | 67/77 | €246 | -€1,675 | -€1,922 | |
| Profit (loss) for the period | 9904 | -€221,475 | €192,315 | +€413,790 | |
| Profit (loss) for the period to be appropriated | 9905 | -€221,475 | €192,315 | +€413,790 |
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 10 October 2026 via checked.be.