FACT-IS: 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.
FACT-IS
Largest movements
- Current investments +€45,000
up €45,000 (+59.2%), from €76,000 to €121,000
- Receivables within one year +€42,201
up €42,201 (+21.1%), from €199,949 to €242,150
of which Other amounts receivable: +€22,247
- Reserves +€48,000
up €48,000 (+38.1%), from €125,860 to €173,860
of which Distributable reserves: +€48,000
- Trade debts +€40,356
up €40,356 (+110%), from €36,592 to €76,948
- Tax, wage and social debts -€14,325
down €14,325 (-20.8%), from €68,943 to €54,618
of which Taxes: -€15,093
- Short-term financial debts +€14,295
up €14,295 (+732%), from €1,952 to €16,247
- Debts after one year -€10,558
down €10,558 (-25.0%), from €42,170 to €31,612
- Gross operating margin +€17,985
up €17,985 (+6.3%), from €286,671 to €304,656
- Taxes +€6,220
up €6,220 (+29.7%), from €20,957 to €27,177
- Staff costs -€4,321
down €4,321 (-2.1%), from €208,699 to €204,378
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 | €356,548 | €442,475 | +€85,927 | +24.1% |
| Fixed assets | 21/28 | €65,487 | €62,561 | -€2,926 | -4.5% |
| Intangible fixed assets | 21 | €4,267 | €2,699 | -€1,568 | -36.7% |
| Tangible fixed assets | 22/27 | €59,795 | €58,436 | -€1,359 | -2.3% |
| Plant, machinery and equipment | 23 | €7,422 | €4,585 | -€2,837 | -38.2% |
| Furniture and vehicles | 24 | €8,639 | €6,292 | -€2,347 | -27.2% |
| Other tangible fixed assets | 26 | €43,734 | €47,560 | +€3,825 | +8.7% |
| Financial fixed assets | 28 | €1,425 | €1,425 | = | 0.0% |
| Current assets | 29/58 | €291,061 | €379,914 | +€88,853 | +30.5% |
| Amounts receivable within one year | 40/41 | €199,949 | €242,150 | +€42,201 | +21.1% |
| Trade receivables | 40 | €164,286 | €184,240 | +€19,954 | +12.1% |
| Other amounts receivable | 41 | €35,663 | €57,910 | +€22,247 | +62.4% |
| Current investments | 50/53 | €76,000 | €121,000 | +€45,000 | +59.2% |
| Cash at bank and in hand | 54/58 | €6,539 | €4,413 | -€2,127 | -32.5% |
| Deferred charges and accrued income | 490/1 | €8,573 | €12,352 | +€3,779 | +44.1% |
| Total equity and liabilities | 10/49 | €356,548 | €442,475 | +€85,927 | +24.1% |
| Equity | 10/15 | €191,018 | €240,459 | +€49,441 | +25.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €125,860 | €173,860 | +€48,000 | +38.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,000 | €172,000 | +€48,000 | +38.7% |
| Profit (loss) carried forward | 14 | €58,958 | €60,399 | +€1,441 | +2.4% |
| Amounts payable | 17/49 | €165,530 | €202,016 | +€36,486 | +22.0% |
| Amounts payable after more than one year | 17 | €42,170 | €31,612 | -€10,558 | -25.0% |
| Financial debts | 170/4 | €42,170 | €31,612 | -€10,558 | -25.0% |
| Amounts payable within one year | 42/48 | €123,360 | €170,404 | +€47,044 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €15,872 | €22,590 | +€6,718 | +42.3% |
| Financial debts | 43 | €1,952 | €16,247 | +€14,295 | +732% |
| Credit institutions | 430/8 | €1,952 | €16,247 | +€14,295 | +732% |
| Trade debts | 44 | €36,592 | €76,948 | +€40,356 | +110% |
| Suppliers | 440/4 | €36,592 | €76,948 | +€40,356 | +110% |
| Taxes, remuneration and social security | 45 | €68,943 | €54,618 | -€14,325 | -20.8% |
| Taxes | 450/3 | €38,365 | €23,272 | -€15,093 | -39.3% |
| Remuneration and social security | 454/9 | €30,577 | €31,346 | +€769 | +2.5% |
| Non-recurring operating income | 76A | €0 | €444 | +€444 | |
| Remuneration, social security and pensions | 62 | €208,699 | €204,378 | -€4,321 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,000 | €16,253 | -€747 | -4.4% |
| Other operating charges | 640/8 | €1,870 | €2,122 | +€252 | +13.5% |
| Non-recurring operating charges | 66A | €1,144 | €0 | -€1,144 | -100% |
| Gross operating margin | 9900 | €286,671 | €304,656 | +€17,985 | +6.3% |
| Operating profit (loss) | 9901 | €57,958 | €81,903 | +€23,945 | +41.3% |
| Financial income | 75/76B | €2,836 | €2,321 | -€515 | -18.2% |
| Recurring financial income | 75 | €2,836 | €2,321 | -€515 | -18.2% |
| Financial charges | 65/66B | €5,017 | €7,607 | +€2,590 | +51.6% |
| Recurring financial charges | 65 | €5,017 | €7,607 | +€2,590 | +51.6% |
| Profit (loss) for the period before taxes | 9903 | €55,777 | €76,618 | +€20,840 | +37.4% |
| Income taxes | 67/77 | €20,957 | €27,177 | +€6,220 | +29.7% |
| Profit (loss) for the period | 9904 | €34,820 | €49,441 | +€14,620 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,820 | €49,441 | +€14,620 | +42.0% |
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 17 October 2026 via checked.be.