FACTFUL: 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.
FACTFUL
Largest movements
- Tangible fixed assets +€53,509
up €53,509 (+2766.9%), from €1,934 to €55,443
- Cash -€37,431
down €37,431 (-84.7%), from €44,202 to €6,771
mainly Investment in fixed assets (net) (-€54,793) and Receivables within one year (-€31,326)
- Receivables within one year +€31,326
up €31,326 (+191.9%), from €16,323 to €47,649
of which Other amounts receivable: +€28,004
- Deferred charges and accrued income -€2,560
down €2,560 (-98.2%), from €2,606 to €46
- Debts after one year +€35,956
new in 2025: €35,956
- Current portion of long-term debt +€13,630
new in 2025: €13,630
- Tax, wage and social debts -€8,782
down €8,782 (-76.8%), from €11,433 to €2,651
of which Taxes: -€8,889
- Reserves +€7,293
up €7,293 (+16.6%), from €43,825 to €51,118
- Trade debts -€2,267
down €2,267 (-54.5%), from €4,156 to €1,890
- Gross operating margin -€43,434
down €43,434 (-74.5%), from €58,297 to €14,864
- Taxes -€8,086
down €8,086 (-66.6%), from €12,139 to €4,053
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 | €65,458 | €110,302 | +€44,844 | +68.5% |
| Fixed assets | 21/28 | €2,327 | €55,836 | +€53,509 | +2299.3% |
| Tangible fixed assets | 22/27 | €1,934 | €55,443 | +€53,509 | +2766.9% |
| Furniture and vehicles | 24 | €1,934 | €55,443 | +€53,509 | +2766.9% |
| Financial fixed assets | 28 | €393 | €393 | = | 0.0% |
| Current assets | 29/58 | €63,131 | €54,466 | -€8,665 | -13.7% |
| Amounts receivable within one year | 40/41 | €16,323 | €47,649 | +€31,326 | +191.9% |
| Trade receivables | 40 | €15,833 | €19,155 | +€3,322 | +21.0% |
| Other amounts receivable | 41 | €490 | €28,494 | +€28,004 | +5716.3% |
| Cash at bank and in hand | 54/58 | €44,202 | €6,771 | -€37,431 | -84.7% |
| Deferred charges and accrued income | 490/1 | €2,606 | €46 | -€2,560 | -98.2% |
| Total equity and liabilities | 10/49 | €65,458 | €110,302 | +€44,844 | +68.5% |
| Equity | 10/15 | €48,825 | €56,118 | +€7,293 | +14.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,825 | €51,118 | +€7,293 | +16.6% |
| Distributable reserves | 133 | €43,825 | €51,118 | +€7,293 | +16.6% |
| Amounts payable | 17/49 | €16,633 | €54,185 | +€37,551 | +225.8% |
| Amounts payable after more than one year | 17 | - | €35,956 | +€35,956 | |
| Financial debts | 170/4 | - | €35,956 | +€35,956 | |
| Amounts payable within one year | 42/48 | €16,621 | €18,171 | +€1,550 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,630 | +€13,630 | |
| Trade debts | 44 | €4,156 | €1,890 | -€2,267 | -54.5% |
| Suppliers | 440/4 | €4,156 | €1,890 | -€2,267 | -54.5% |
| Taxes, remuneration and social security | 45 | €11,433 | €2,651 | -€8,782 | -76.8% |
| Taxes | 450/3 | €8,889 | - | -€8,889 | |
| Remuneration and social security | 454/9 | €2,545 | €2,651 | +€106 | +4.2% |
| Other amounts payable | 47/48 | €1,032 | - | -€1,032 | |
| Accrued charges and deferred income | 492/3 | €12 | €57 | +€45 | +387.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €1,285 | +€535 | +71.4% |
| Other operating charges | 640/8 | €1,385 | €1,820 | +€435 | +31.4% |
| Gross operating margin | 9900 | €58,297 | €14,864 | -€43,434 | -74.5% |
| Operating profit (loss) | 9901 | €56,163 | €11,759 | -€44,404 | -79.1% |
| Financial charges | 65/66B | €200 | €414 | +€214 | +107.1% |
| Recurring financial charges | 65 | €200 | €414 | +€214 | +107.1% |
| Profit (loss) for the period before taxes | 9903 | €55,964 | €11,345 | -€44,618 | -79.7% |
| Income taxes | 67/77 | €12,139 | €4,053 | -€8,086 | -66.6% |
| Profit (loss) for the period | 9904 | €43,825 | €7,293 | -€36,532 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,825 | €7,293 | -€36,532 | -83.4% |
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.