FACT21: 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.
FACT21
Largest movements
- Tangible fixed assets +€156,648
up €156,648 (+27585.3%), from €568 to €157,216
of which Land and buildings: +€157,195
- Cash -€56,442
down €56,442 (-66.0%), from €85,497 to €29,056
mainly Investment in fixed assets (net) (-€180,000) and Contributions, distributions and other (-€79,853)
- Receivables within one year +€5,828
up €5,828 (+43.3%), from €13,455 to €19,282
of which Other amounts receivable: +€8,380
- Debts after one year +€114,716
new in 2025: €114,716
- Profit (loss) carried forward -€78,952
no longer reported in 2025 (was €78,952)
- Other debts +€59,949
up €59,949 (+341396.3%), from €18 to €59,967
- Current portion of long-term debt +€6,284
new in 2025: €6,284
- Tax, wage and social debts +€5,917
up €5,917 (+35.0%), from €16,907 to €22,823
of which Taxes: +€3,962
- Depreciation +€22,226
up €22,226 (+1975.3%), from €1,125 to €23,352
- Gross operating margin -€9,223
down €9,223 (-23.7%), from €38,994 to €29,772
- Taxes -€7,399
down €7,399 (-82.0%), from €9,027 to €1,628
- Financial charges +€2,810
up €2,810 (+1772.4%), from €159 to €2,969
- Other operating charges +€560
up €560 (+144.7%), from €387 to €948
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 | €99,537 | €206,723 | +€107,186 | +107.7% |
| Fixed assets | 21/28 | €568 | €157,216 | +€156,648 | +27585.3% |
| Tangible fixed assets | 22/27 | €568 | €157,216 | +€156,648 | +27585.3% |
| Land and buildings | 22 | - | €157,195 | +€157,195 | |
| Plant, machinery and equipment | 23 | €568 | €22 | -€546 | -96.2% |
| Current assets | 29/58 | €98,969 | €49,506 | -€49,462 | -50.0% |
| Amounts receivable within one year | 40/41 | €13,455 | €19,282 | +€5,828 | +43.3% |
| Trade receivables | 40 | €13,455 | €10,902 | -€2,553 | -19.0% |
| Other amounts receivable | 41 | - | €8,380 | +€8,380 | |
| Cash at bank and in hand | 54/58 | €85,497 | €29,056 | -€56,442 | -66.0% |
| Deferred charges and accrued income | 490/1 | €17 | €1,168 | +€1,152 | +6899.9% |
| Total equity and liabilities | 10/49 | €99,537 | €206,723 | +€107,186 | +107.7% |
| Equity | 10/15 | €80,452 | €1,500 | -€78,952 | -98.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,952 | - | -€78,952 | |
| Amounts payable | 17/49 | €19,085 | €205,223 | +€186,138 | +975.3% |
| Amounts payable after more than one year | 17 | - | €114,716 | +€114,716 | |
| Financial debts | 170/4 | - | €114,716 | +€114,716 | |
| Amounts payable within one year | 42/48 | €19,082 | €90,229 | +€71,148 | +372.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,284 | +€6,284 | |
| Trade debts | 44 | €2,158 | €1,155 | -€1,002 | -46.5% |
| Suppliers | 440/4 | €2,158 | €1,155 | -€1,002 | -46.5% |
| Taxes, remuneration and social security | 45 | €16,907 | €22,823 | +€5,917 | +35.0% |
| Taxes | 450/3 | €16,907 | €20,868 | +€3,962 | +23.4% |
| Remuneration and social security | 454/9 | - | €1,955 | +€1,955 | |
| Other amounts payable | 47/48 | €18 | €59,967 | +€59,949 | +341396.3% |
| Accrued charges and deferred income | 492/3 | €3 | €278 | +€274 | +8603.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €23,352 | +€22,226 | +1975.3% |
| Other operating charges | 640/8 | €387 | €948 | +€560 | +144.7% |
| Gross operating margin | 9900 | €38,994 | €29,772 | -€9,223 | -23.7% |
| Operating profit (loss) | 9901 | €37,482 | €5,472 | -€32,009 | -85.4% |
| Financial income | 75/76B | €315 | €26 | -€290 | -91.9% |
| Recurring financial income | 75 | €315 | €26 | -€290 | -91.9% |
| Financial charges | 65/66B | €159 | €2,969 | +€2,810 | +1772.4% |
| Recurring financial charges | 65 | €159 | €2,969 | +€2,810 | +1772.4% |
| Profit (loss) for the period before taxes | 9903 | €37,638 | €2,529 | -€35,109 | -93.3% |
| Income taxes | 67/77 | €9,027 | €1,628 | -€7,399 | -82.0% |
| Profit (loss) for the period | 9904 | €28,611 | €901 | -€27,710 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,611 | €901 | -€27,710 | -96.8% |
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.