FACRO SA: 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 SA
Largest movements
- Tangible fixed assets -€1.7m
down €1.7m (-72.8%), from €2.3m to €620,620
- Cash +€1.1m
up €1.1m (+1888.4%), from €56,510 to €1.1m
mainly Investment in fixed assets (net) (+€1.6m) and Net result for the year (+€1.3m)
- Deferred charges and accrued income -€703,651
down €703,651 (-100.0%), from €703,651 to €0
- Revaluation surpluses -€1.4m
down €1.4m (-92.3%), from €1.5m to €118,003
- Profit (loss) carried forward +€1.2m
up €1.2m, from -€988,469 to €258,880
- Other debts -€434,026
down €434,026 (-100.0%), from €434,026 to €0
- Debts after one year -€293,486
down €293,486 (-80.4%), from €365,057 to €71,570
of which Financial debts: -€293,486
- Accrued charges and deferred income -€270,000
down €270,000 (-100.0%), from €270,000 to €0
- Gross operating margin +€883,141
up €883,141 (+114.1%), from €774,206 to €1.7m
- Taxes +€195,861
new in 2025: €195,861
- Write-downs +€108,944
up €108,944 (+344.2%), from €31,656 to €140,599
- Depreciation -€61,850
down €61,850 (-63.6%), from €97,291 to €35,440
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 | €3,051,028 | €1,763,841 | -€1.3m | -42.2% |
| Fixed assets | 21/28 | €2,281,858 | €620,620 | -€1.7m | -72.8% |
| Tangible fixed assets | 22/27 | €2,280,614 | €620,620 | -€1.7m | -72.8% |
| Land and buildings | 22 | €2,280,614 | €620,620 | -€1.7m | -72.8% |
| Financial fixed assets | 28 | €1,244 | €0 | -€1,244 | -100.0% |
| Current assets | 29/58 | €769,170 | €1,143,221 | +€374,050 | +48.6% |
| Amounts receivable within one year | 40/41 | €9,009 | €19,569 | +€10,560 | +117.2% |
| Trade receivables | 40 | €7,604 | €0 | -€7,604 | -100.0% |
| Other amounts receivable | 41 | €1,405 | €19,569 | +€18,164 | +1293.1% |
| Cash at bank and in hand | 54/58 | €56,510 | €1,123,651 | +€1.1m | +1888.4% |
| Deferred charges and accrued income | 490/1 | €703,651 | €0 | -€703,651 | -100.0% |
| Total equity and liabilities | 10/49 | €3,051,028 | €1,763,841 | -€1.3m | -42.2% |
| Equity | 10/15 | €1,664,767 | €1,517,711 | -€147,056 | -8.8% |
| Contributions | 10/11 | €743,681 | €743,681 | = | 0.0% |
| Capital | 10 | €743,681 | €743,681 | = | 0.0% |
| Issued capital | 100 | €743,681 | €743,681 | = | 0.0% |
| Revaluation surpluses | 12 | €1,526,408 | €118,003 | -€1.4m | -92.3% |
| Reserves | 13 | €383,148 | €397,148 | +€14,000 | +3.7% |
| Non-distributable reserves | 130/1 | - | €14,000 | +€14,000 | |
| Legal reserve | 130 | - | €14,000 | +€14,000 | |
| Tax-exempt reserves | 132 | €383,148 | €383,148 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€988,469 | €258,880 | +€1.2m | |
| Provisions and deferred taxes | 16 | €150,836 | €150,836 | = | 0.0% |
| Deferred taxes | 168 | €150,836 | €150,836 | = | 0.0% |
| Amounts payable | 17/49 | €1,235,425 | €95,294 | -€1.1m | -92.3% |
| Amounts payable after more than one year | 17 | €365,057 | €71,570 | -€293,486 | -80.4% |
| Financial debts | 170/4 | €365,057 | €71,570 | -€293,486 | -80.4% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €600,368 | €23,724 | -€576,644 | -96.0% |
| Current portion of amounts payable after more than one year | 42 | €83,430 | €20,295 | -€63,135 | -75.7% |
| Trade debts | 44 | €82,912 | €3,429 | -€79,483 | -95.9% |
| Suppliers | 440/4 | €82,912 | €3,429 | -€79,483 | -95.9% |
| Other amounts payable | 47/48 | €434,026 | €0 | -€434,026 | -100.0% |
| Accrued charges and deferred income | 492/3 | €270,000 | €0 | -€270,000 | -100.0% |
| Non-recurring operating income | 76A | €703,651 | €1,546,249 | +€842,598 | +119.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,291 | €35,440 | -€61,850 | -63.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,656 | €140,599 | +€108,944 | +344.2% |
| Other operating charges | 640/8 | €22,593 | €18,839 | -€3,755 | -16.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €774,206 | €1,657,347 | +€883,141 | +114.1% |
| Operating profit (loss) | 9901 | €622,666 | €1,462,469 | +€839,803 | +134.9% |
| Financial income | 75/76B | €100 | €100 | = | 0.0% |
| Recurring financial income | 75 | €100 | €100 | = | 0.0% |
| Financial charges | 65/66B | -€3,162 | €5,360 | +€8,522 | |
| Recurring financial charges | 65 | -€3,162 | €5,360 | +€8,522 | |
| Profit (loss) for the period before taxes | 9903 | €625,929 | €1,457,210 | +€831,281 | +132.8% |
| Income taxes | 67/77 | - | €195,861 | +€195,861 | |
| Profit (loss) for the period | 9904 | €625,929 | €1,261,349 | +€635,420 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €625,929 | €1,261,349 | +€635,420 | +101.5% |
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 11 October 2026 via checked.be.