FACQ: 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.
What changed
FACQ
NACE 46.842, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.6m
2024 · €10.5m-€7.9m
Equity
€217.1m
2024 · €214.5m+€2.6m
Cash
€1.5m
2024 · €1.4m+€166,148
Balance sheet total
€307.6m
2024 · €310.5m-€3.0m
Largest movements
Assets
- Receivables within one year -€13.6m
down €13.6m (-9.6%), from €141.1m to €127.6m
of which Other amounts receivable: -€8.8m
- Receivables after one year +€6.5m
new in 2025: €6.5m
- Intangible fixed assets +€6.1m
up €6.1m (+44.2%), from €13.8m to €19.9m
- Tangible fixed assets -€4.8m
down €4.8m (-9.3%), from €51.2m to €46.4m
Equity and liabilities
- Trade debts -€8.4m
down €8.4m (-54.4%), from €15.4m to €7.0m
- Short-term financial debts +€4.3m
up €4.3m (+7.0%), from €61.2m to €65.5m
Income statement
- Goods and materials +€16.0m
up €16.0m (+6.1%), from €263.4m to €279.4m
of which Purchases: +€13.6m
- Turnover +€12.3m
up €12.3m (+3.2%), from €383.9m to €396.1m
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
€10.5m
Turnover
+€12.3m
Other operating income
-€1.3m
Goods and materials
-€16.0m
Services and other goods
-€3.1m
Staff costs
-€2.3m
Depreciation
+€815,268
Write-downs
+€67,087
Other operating charges
-€9,488
Financial income
-€689,570
Financial charges
+€120,557
Taxes
+€2.3m
Result 2025
€2.6m
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.
From operations
+€12.2m
Investment
-€14.6m
Financing
+€2.5m
Cash 2024
€1.4m
From operations (derived)
+€12.2m
Net result for the year
+€2.6m
Depreciation
+€12.9m
Receivables after one year
-€6.5m
Stocks and contracts
-€2.2m
Receivables within one year
+€13.6m
Deferred charges and accrued income
-€47,518
Trade debts
-€8.4m
Tax, wage and social debts
+€1.1m
Advances received
-€467,734
Other debts
-€363,260
Accrued charges and deferred income
-€15,597
Investment (derived)
-€14.6m
Investment in fixed assets (net)
-€14.6m
Financing
+€2.5m
Debts after one year
-€1.5m
Current portion of long-term debt
-€257,743
Short-term financial debts
+€4.3m
Cash 2025
€1.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,546,892 | €307,550,245 | -€3.0m | -1.0% |
| Fixed assets | 21/28 | €67,028,196 | €68,695,925 | +€1.7m | +2.5% |
| Intangible fixed assets | 21 | €13,823,159 | €19,936,335 | +€6.1m | +44.2% |
| Tangible fixed assets | 22/27 | €51,186,947 | €46,429,082 | -€4.8m | -9.3% |
| Land and buildings | 22 | €35,153,263 | €32,849,977 | -€2.3m | -6.6% |
| Plant, machinery and equipment | 23 | €3,992,309 | €3,912,175 | -€80,134 | -2.0% |
| Furniture and vehicles | 24 | €1,845,263 | €1,255,078 | -€590,185 | -32.0% |
| Leasing and similar rights | 25 | €10,196,112 | €8,411,853 | -€1.8m | -17.5% |
| Financial fixed assets | 28 | €2,018,091 | €2,330,508 | +€312,417 | +15.5% |
| Affiliated companies | 280/1 | €2,000,000 | €2,313,092 | +€313,092 | +15.7% |
| Participating interests | 280 | €2,000,000 | €2,313,092 | +€313,092 | +15.7% |
| Other financial fixed assets | 284/8 | €18,091 | €17,416 | -€675 | -3.7% |
| Amounts receivable and cash guarantees | 285/8 | €18,091 | €17,416 | -€675 | -3.7% |
| Current assets | 29/58 | €243,518,695 | €238,854,320 | -€4.7m | -1.9% |
| Amounts receivable after more than one year | 29 | - | €6,510,774 | +€6.5m | |
| Other amounts receivable | 291 | - | €6,510,774 | +€6.5m | |
| Stocks and contracts in progress | 3 | €99,281,994 | €101,447,677 | +€2.2m | +2.2% |
| Stocks | 30/36 | €99,281,994 | €101,447,677 | +€2.2m | +2.2% |
| Goods purchased for resale | 34 | €99,281,994 | €101,447,677 | +€2.2m | +2.2% |
| Amounts receivable within one year | 40/41 | €141,109,986 | €127,555,486 | -€13.6m | -9.6% |
| Trade receivables | 40 | €59,425,595 | €54,639,845 | -€4.8m | -8.1% |
| Other amounts receivable | 41 | €81,684,391 | €72,915,641 | -€8.8m | -10.7% |
| Cash at bank and in hand | 54/58 | €1,377,368 | €1,543,516 | +€166,148 | +12.1% |
| Deferred charges and accrued income | 490/1 | €1,749,348 | €1,796,866 | +€47,518 | +2.7% |
| Total equity and liabilities | 10/49 | €310,546,892 | €307,550,245 | -€3.0m | -1.0% |
| Equity | 10/15 | €214,536,370 | €217,107,459 | +€2.6m | +1.2% |
| Contributions | 10/11 | €1,041,662 | €1,041,662 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Outside capital | 11 | €41,662 | €41,662 | = | 0.0% |
| Share premium | 1100/10 | €41,662 | €41,662 | = | 0.0% |
| Reserves | 13 | €213,487,738 | €216,058,362 | +€2.6m | +1.2% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,537,738 | €3,748,362 | -€1.8m | -32.3% |
| Distributable reserves | 133 | €207,850,000 | €212,210,000 | +€4.4m | +2.1% |
| Profit (loss) carried forward | 14 | €6,969 | €7,434 | +€465 | +6.7% |
| Amounts payable | 17/49 | €96,010,522 | €90,442,786 | -€5.6m | -5.8% |
| Amounts payable after more than one year | 17 | €8,411,870 | €6,885,354 | -€1.5m | -18.1% |
| Financial debts | 170/4 | €8,411,870 | €6,885,354 | -€1.5m | -18.1% |
| Leasing and similar obligations | 172 | €8,411,870 | €6,885,354 | -€1.5m | -18.1% |
| Amounts payable within one year | 42/48 | €87,583,055 | €83,557,432 | -€4.0m | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €1,784,260 | €1,526,516 | -€257,743 | -14.4% |
| Financial debts | 43 | €61,216,697 | €65,521,540 | +€4.3m | +7.0% |
| Credit institutions | 430/8 | €61,216,697 | €65,521,540 | +€4.3m | +7.0% |
| Trade debts | 44 | €15,360,360 | €6,997,074 | -€8.4m | -54.4% |
| Suppliers | 440/4 | €15,360,360 | €6,997,074 | -€8.4m | -54.4% |
| Advances received on contracts in progress | 46 | €1,992,690 | €1,524,956 | -€467,734 | -23.5% |
| Taxes, remuneration and social security | 45 | €6,819,743 | €7,941,299 | +€1.1m | +16.4% |
| Taxes | 450/3 | €360,099 | €1,477,684 | +€1.1m | +310.4% |
| Remuneration and social security | 454/9 | €6,459,644 | €6,463,615 | +€3,971 | +0.1% |
| Other amounts payable | 47/48 | €409,306 | €46,046 | -€363,260 | -88.8% |
| Accrued charges and deferred income | 492/3 | €15,597 | - | -€15,597 | |
| Operating income | 70/76A | €389,719,456 | €400,636,689 | +€10.9m | +2.8% |
| Turnover | 70 | €383,866,528 | €396,123,551 | +€12.3m | +3.2% |
| Other operating income | 74 | €5,852,928 | €4,513,138 | -€1.3m | -22.9% |
| Operating charges | 60/66A | €385,250,752 | €405,818,384 | +€20.6m | +5.3% |
| Goods for resale, raw materials and consumables | 60 | €263,433,634 | €279,446,252 | +€16.0m | +6.1% |
| Purchases | 600/8 | €268,016,848 | €281,611,935 | +€13.6m | +5.1% |
| Change in stocks: decrease (increase) | 609 | -€4,583,214 | -€2,165,683 | +€2.4m | +52.7% |
| Services and other goods | 61 | €51,637,055 | €54,756,390 | +€3.1m | +6.0% |
| Remuneration, social security and pensions | 62 | €54,741,590 | €57,050,136 | +€2.3m | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,750,590 | €12,935,323 | -€815,268 | -5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,181,306 | €1,114,219 | -€67,087 | -5.7% |
| Other operating charges | 640/8 | €506,576 | €516,064 | +€9,488 | +1.9% |
| Operating profit (loss) | 9901 | €4,468,704 | -€5,181,695 | -€9.7m | |
| Financial income | 75/76B | €13,459,438 | €12,769,868 | -€689,570 | -5.1% |
| Recurring financial income | 75 | €13,459,438 | €12,769,868 | -€689,570 | -5.1% |
| Income from financial fixed assets | 750 | €2,000,000 | €360,000 | -€1.6m | -82.0% |
| Income from current assets | 751 | €1,914,785 | €2,884,789 | +€970,003 | +50.7% |
| Other financial income | 752/9 | €9,544,653 | €9,525,080 | -€19,573 | -0.2% |
| Financial charges | 65/66B | €3,832,842 | €3,712,285 | -€120,557 | -3.1% |
| Recurring financial charges | 65 | €3,832,842 | €3,712,285 | -€120,557 | -3.1% |
| Debt charges | 650 | €2,076,582 | €2,264,045 | +€187,464 | +9.0% |
| Other financial charges | 652/9 | €1,756,260 | €1,448,240 | -€308,020 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €14,095,300 | €3,875,889 | -€10.2m | -72.5% |
| Income taxes | 67/77 | €3,595,990 | €1,304,800 | -€2.3m | -63.7% |
| Taxes | 670/3 | €3,609,559 | €1,366,620 | -€2.2m | -62.1% |
| Tax adjustments and reversals of tax provisions | 77 | €13,569 | €61,820 | +€48,250 | +355.6% |
| Profit (loss) for the period | 9904 | €10,499,310 | €2,571,089 | -€7.9m | -75.5% |
| Transfer from tax-exempt reserves | 789 | €1,408,493 | €2,789,373 | +€1.4m | +98.0% |
| Transfer to tax-exempt reserves | 689 | €999,997 | €999,997 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,907,807 | €4,360,465 | -€6.5m | -60.0% |
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 7 October 2026 via checked.be.