FACS: 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.
FACS
Largest movements
- Cash +€141,718
up €141,718 (+276.0%), from €51,354 to €193,072
mainly Other debts (+€394,507) and Net result for the year (+€192,909)
- Current investments -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Tangible fixed assets +€35,146
up €35,146 (+7.8%), from €450,147 to €485,293
of which Furniture and vehicles: +€45,887
- Other debts +€394,507
new in 2025: €394,507
- Reserves -€271,387
down €271,387 (-100.0%), from €271,387 to €0
- Trade debts -€23,783
down €23,783 (-69.2%), from €34,362 to €10,579
- Current portion of long-term debt +€13,487
up €13,487 (+29.5%), from €45,773 to €59,260
- Debts after one year -€11,230
down €11,230 (-6.2%), from €180,870 to €169,641
- Depreciation -€73,525
down €73,525 (-75.2%), from €97,762 to €24,237
- Gross operating margin +€29,146
up €29,146 (+11.4%), from €256,573 to €285,719
- Taxes +€24,113
up €24,113 (+67.3%), from €35,835 to €59,948
- Financial charges +€6,174
up €6,174 (+529.6%), from €1,166 to €7,339
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 | €579,049 | €680,912 | +€101,863 | +17.6% |
| Fixed assets | 21/28 | €450,147 | €485,293 | +€35,146 | +7.8% |
| Tangible fixed assets | 22/27 | €450,147 | €485,293 | +€35,146 | +7.8% |
| Land and buildings | 22 | €416,237 | €405,496 | -€10,741 | -2.6% |
| Furniture and vehicles | 24 | €33,910 | €79,797 | +€45,887 | +135.3% |
| Current assets | 29/58 | €128,902 | €195,619 | +€66,717 | +51.8% |
| Amounts receivable within one year | 40/41 | €6,277 | €0 | -€6,277 | -100.0% |
| Trade receivables | 40 | €6,277 | €0 | -€6,277 | -100.0% |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €51,354 | €193,072 | +€141,718 | +276.0% |
| Deferred charges and accrued income | 490/1 | €1,271 | €2,547 | +€1,276 | +100.4% |
| Total equity and liabilities | 10/49 | €579,049 | €680,912 | +€101,863 | +17.6% |
| Equity | 10/15 | €272,387 | €1,000 | -€271,387 | -99.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €271,387 | €0 | -€271,387 | -100.0% |
| Distributable reserves | 133 | €271,387 | €0 | -€271,387 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €306,663 | €679,912 | +€373,249 | +121.7% |
| Amounts payable after more than one year | 17 | €180,870 | €169,641 | -€11,230 | -6.2% |
| Financial debts | 170/4 | €180,870 | €169,641 | -€11,230 | -6.2% |
| Amounts payable within one year | 42/48 | €125,792 | €510,271 | +€384,479 | +305.6% |
| Current portion of amounts payable after more than one year | 42 | €45,773 | €59,260 | +€13,487 | +29.5% |
| Trade debts | 44 | €34,362 | €10,579 | -€23,783 | -69.2% |
| Suppliers | 440/4 | €34,362 | €10,579 | -€23,783 | -69.2% |
| Taxes, remuneration and social security | 45 | €45,657 | €45,925 | +€268 | +0.6% |
| Taxes | 450/3 | €45,657 | €43,350 | -€2,307 | -5.1% |
| Remuneration and social security | 454/9 | - | €2,574 | +€2,574 | |
| Other amounts payable | 47/48 | - | €394,507 | +€394,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,762 | €24,237 | -€73,525 | -75.2% |
| Other operating charges | 640/8 | €809 | €2,289 | +€1,480 | +182.9% |
| Gross operating margin | 9900 | €256,573 | €285,719 | +€29,146 | +11.4% |
| Operating profit (loss) | 9901 | €158,002 | €259,193 | +€101,191 | +64.0% |
| Financial income | 75/76B | €1,454 | €1,003 | -€451 | -31.0% |
| Recurring financial income | 75 | €1,454 | €1,003 | -€451 | -31.0% |
| Financial charges | 65/66B | €1,166 | €7,339 | +€6,174 | +529.6% |
| Recurring financial charges | 65 | €1,166 | €7,339 | +€6,174 | +529.6% |
| Profit (loss) for the period before taxes | 9903 | €158,290 | €252,857 | +€94,567 | +59.7% |
| Income taxes | 67/77 | €35,835 | €59,948 | +€24,113 | +67.3% |
| Profit (loss) for the period | 9904 | €122,455 | €192,909 | +€70,453 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,455 | €192,909 | +€70,453 | +57.5% |
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 30 September 2026 via checked.be.