FACTER: 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.
FACTER
Largest movements
- Cash +€186,595
up €186,595 (+214.3%), from €87,056 to €273,651
mainly Other debts (+€119,537) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€13,316
down €13,316 (-43.8%), from €30,395 to €17,079
of which Trade receivables: -€13,455
- Tangible fixed assets +€3,967
up €3,967 (+120.4%), from €3,296 to €7,262
of which Furniture and vehicles: +€2,113
- Other debts +€119,537
up €119,537 (+2157.0%), from €5,542 to €125,079
- Reserves -€33,076
down €33,076 (-17.2%), from €192,756 to €159,680
- Tax, wage and social debts -€10,849
down €10,849 (-56.0%), from €19,388 to €8,538
of which Taxes: -€9,792
- Gross operating margin -€26,738
down €26,738 (-19.6%), from €136,655 to €109,917
- Taxes -€6,380
down €6,380 (-21.6%), from €29,541 to €23,161
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 | €222,540 | €299,298 | +€76,758 | +34.5% |
| Fixed assets | 21/28 | €3,296 | €7,262 | +€3,967 | +120.4% |
| Tangible fixed assets | 22/27 | €3,296 | €7,262 | +€3,967 | +120.4% |
| Furniture and vehicles | 24 | €2,203 | €4,316 | +€2,113 | +95.9% |
| Other tangible fixed assets | 26 | €1,093 | €2,946 | +€1,853 | +169.6% |
| Current assets | 29/58 | €219,245 | €292,036 | +€72,791 | +33.2% |
| Amounts receivable within one year | 40/41 | €30,395 | €17,079 | -€13,316 | -43.8% |
| Trade receivables | 40 | €30,395 | €16,940 | -€13,455 | -44.3% |
| Other amounts receivable | 41 | - | €139 | +€139 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €87,056 | €273,651 | +€186,595 | +214.3% |
| Deferred charges and accrued income | 490/1 | €1,794 | €1,306 | -€487 | -27.2% |
| Total equity and liabilities | 10/49 | €222,540 | €299,298 | +€76,758 | +34.5% |
| Equity | 10/15 | €195,256 | €162,180 | -€33,076 | -16.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €192,756 | €159,680 | -€33,076 | -17.2% |
| Distributable reserves | 133 | €192,756 | €159,680 | -€33,076 | -17.2% |
| Amounts payable | 17/49 | €27,284 | €137,118 | +€109,834 | +402.6% |
| Amounts payable within one year | 42/48 | €27,096 | €136,905 | +€109,809 | +405.3% |
| Financial debts | 43 | €37 | €38 | +€1 | +1.6% |
| Credit institutions | 430/8 | €37 | €38 | +€1 | +1.6% |
| Trade debts | 44 | €2,129 | €3,249 | +€1,120 | +52.6% |
| Suppliers | 440/4 | €2,129 | €3,249 | +€1,120 | +52.6% |
| Taxes, remuneration and social security | 45 | €19,388 | €8,538 | -€10,849 | -56.0% |
| Taxes | 450/3 | €18,330 | €8,538 | -€9,792 | -53.4% |
| Remuneration and social security | 454/9 | €1,057 | - | -€1,057 | |
| Other amounts payable | 47/48 | €5,542 | €125,079 | +€119,537 | +2157.0% |
| Accrued charges and deferred income | 492/3 | €188 | €213 | +€25 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,257 | €1,814 | -€443 | -19.6% |
| Other operating charges | 640/8 | €391 | €804 | +€412 | +105.3% |
| Non-recurring operating charges | 66A | - | €173 | +€173 | |
| Gross operating margin | 9900 | €136,655 | €109,917 | -€26,738 | -19.6% |
| Operating profit (loss) | 9901 | €134,007 | €107,126 | -€26,880 | -20.1% |
| Financial income | 75/76B | €715 | €1,388 | +€673 | +94.2% |
| Recurring financial income | 75 | €715 | €1,388 | +€673 | +94.2% |
| Financial charges | 65/66B | €986 | €782 | -€203 | -20.6% |
| Recurring financial charges | 65 | €986 | €782 | -€203 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €133,736 | €107,732 | -€26,004 | -19.4% |
| Income taxes | 67/77 | €29,541 | €23,161 | -€6,380 | -21.6% |
| Profit (loss) for the period | 9904 | €104,195 | €84,571 | -€19,624 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €104,195 | €84,571 | -€19,624 | -18.8% |
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 8 October 2026 via checked.be.