FACRO INVEST: 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.
FACRO INVEST
Largest movements
- Receivables after one year -€1.1m
down €1.1m (-52.5%), from €2.1m to €1.0m
of which Trade receivables: -€1.1m
- Current investments +€636,963
up €636,963 (+9.7%), from €6.6m to €7.2m
- Cash +€420,679
up €420,679 (+662%), from €63,500 to €484,179
mainly Receivables after one year (+€1.1m) and Net result for the year (+€107,234)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.9m
down €1.9m (-86.9%), from €2.2m to €291,458
of which Financial income: -€1.9m
- Taxes -€511,038
down €511,038 (-92.8%), from €550,729 to €39,691
- Gross operating margin +€10,843
up €10,843 (+14.3%), from -€76,018 to -€65,175
- Financial charges +€3,608
up €3,608 (+6.2%), from €58,409 to €62,017
- Depreciation +€1,300
up €1,300 (+9.6%), from €13,484 to €14,784
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,555,980 | €11,625,983 | +€70,003 | +0.6% |
| Fixed assets | 21/28 | €2,755,258 | €2,842,885 | +€87,627 | +3.2% |
| Tangible fixed assets | 22/27 | €26,996 | €14,611 | -€12,385 | -45.9% |
| Plant, machinery and equipment | 23 | €3,242 | €3,206 | -€36 | -1.1% |
| Furniture and vehicles | 24 | €14,954 | €2,605 | -€12,349 | -82.6% |
| Other tangible fixed assets | 26 | €8,800 | €8,800 | = | 0.0% |
| Financial fixed assets | 28 | €2,728,262 | €2,828,274 | +€100,012 | +3.7% |
| Current assets | 29/58 | €8,800,722 | €8,783,098 | -€17,624 | -0.2% |
| Amounts receivable after more than one year | 29 | €2,105,940 | €1,000,940 | -€1.1m | -52.5% |
| Trade receivables | 290 | €1,871,770 | €766,770 | -€1.1m | -59.0% |
| Other amounts receivable | 291 | €234,170 | €234,170 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,465 | €50,603 | +€49,138 | +3,355% |
| Other amounts receivable | 41 | €1,465 | €50,603 | +€49,138 | +3,355% |
| Current investments | 50/53 | €6,557,277 | €7,194,240 | +€636,963 | +9.7% |
| Cash at bank and in hand | 54/58 | €63,500 | €484,179 | +€420,679 | +662% |
| Deferred charges and accrued income | 490/1 | €72,540 | €53,136 | -€19,404 | -26.7% |
| Total equity and liabilities | 10/49 | €11,555,980 | €11,625,983 | +€70,003 | +0.6% |
| Equity | 10/15 | €11,514,535 | €11,621,769 | +€107,234 | +0.9% |
| Contributions | 10/11 | €4,933,000 | €4,933,000 | = | 0.0% |
| Reserves | 13 | €612,645 | €612,645 | = | 0.0% |
| Distributable reserves | 133 | €612,645 | €612,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,968,890 | €6,076,123 | +€107,234 | +1.8% |
| Amounts payable | 17/49 | €41,445 | €4,214 | -€37,230 | -89.8% |
| Amounts payable within one year | 42/48 | €12,163 | €3,817 | -€8,346 | -68.6% |
| Trade debts | 44 | €9,405 | €2,292 | -€7,113 | -75.6% |
| Suppliers | 440/4 | €9,405 | €2,292 | -€7,113 | -75.6% |
| Taxes, remuneration and social security | 45 | €1,525 | €1,525 | = | 0.0% |
| Taxes | 450/3 | €1,525 | €1,525 | = | 0.0% |
| Other amounts payable | 47/48 | €1,233 | - | -€1,233 | |
| Accrued charges and deferred income | 492/3 | €29,281 | €397 | -€28,884 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,484 | €14,784 | +€1,300 | +9.6% |
| Other operating charges | 640/8 | €1,974 | €2,558 | +€584 | +29.6% |
| Non-recurring operating charges | 66A | €9,312 | - | -€9,312 | |
| Gross operating margin | 9900 | -€76,018 | -€65,175 | +€10,843 | +14.3% |
| Operating profit (loss) | 9901 | -€100,788 | -€82,518 | +€18,270 | +18.1% |
| Financial income | 75/76B | €2,232,010 | €291,458 | -€1.9m | -86.9% |
| Recurring financial income | 75 | €2,222,010 | €291,458 | -€1.9m | -86.9% |
| Non-recurring financial income | 76B | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €58,409 | €62,017 | +€3,608 | +6.2% |
| Recurring financial charges | 65 | €58,409 | €62,017 | +€3,608 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €2,072,814 | €146,924 | -€1.9m | -92.9% |
| Income taxes | 67/77 | €550,729 | €39,691 | -€511,038 | -92.8% |
| Profit (loss) for the period | 9904 | €1,522,085 | €107,234 | -€1.4m | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,522,085 | €107,234 | -€1.4m | -93.0% |
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.