Faction: 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.
Faction
Largest movements
- Cash +€17,650
up €17,650 (+27.0%), from €65,381 to €83,031
mainly Net result for the year (+€31,000) and Other debts (+€17,847)
- Tangible fixed assets -€2,750
down €2,750 (-4.4%), from €62,182 to €59,432
of which Land and buildings: -€2,582
- Receivables within one year -€2,420
down €2,420 (-13.2%), from €18,277 to €15,857
of which Trade receivables: -€2,420
- Deferred charges and accrued income -€1,777
down €1,777 (-72.6%), from €2,449 to €671
- Other debts +€17,847
up €17,847 (+20.3%), from €88,074 to €105,921
- Debts after one year -€8,167
down €8,167 (-27.8%), from €29,350 to €21,183
of which Financial debts: -€8,167
- Tax, wage and social debts +€1,670
up €1,670 (+54.8%), from €3,047 to €4,716
- Gross operating margin +€41,236
up €41,236 (+789%), from €5,226 to €46,463
- Taxes +€9,492
up €9,492 (+764%), from €1,243 to €10,735
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 | €149,095 | €159,202 | +€10,107 | +6.8% |
| Fixed assets | 21/28 | €62,988 | €59,642 | -€3,346 | -5.3% |
| Intangible fixed assets | 21 | €806 | €211 | -€596 | -73.9% |
| Tangible fixed assets | 22/27 | €62,182 | €59,432 | -€2,750 | -4.4% |
| Land and buildings | 22 | €62,007 | €59,425 | -€2,582 | -4.2% |
| Plant, machinery and equipment | 23 | €175 | €7 | -€168 | -96.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €86,107 | €99,559 | +€13,452 | +15.6% |
| Amounts receivable within one year | 40/41 | €18,277 | €15,857 | -€2,420 | -13.2% |
| Trade receivables | 40 | €14,520 | €12,100 | -€2,420 | -16.7% |
| Other amounts receivable | 41 | €3,757 | €3,757 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,381 | €83,031 | +€17,650 | +27.0% |
| Deferred charges and accrued income | 490/1 | €2,449 | €671 | -€1,777 | -72.6% |
| Total equity and liabilities | 10/49 | €149,095 | €159,202 | +€10,107 | +6.8% |
| Equity | 10/15 | €19,521 | €19,021 | -€500 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €921 | €421 | -€500 | -54.3% |
| Distributable reserves | 133 | €921 | €421 | -€500 | -54.3% |
| Amounts payable | 17/49 | €129,574 | €140,181 | +€10,607 | +8.2% |
| Amounts payable after more than one year | 17 | €29,350 | €21,183 | -€8,167 | -27.8% |
| Financial debts | 170/4 | €28,250 | €20,083 | -€8,167 | -28.9% |
| Other amounts payable | 178/9 | €1,100 | €1,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €100,224 | €118,998 | +€18,774 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €8,085 | €8,167 | +€82 | +1.0% |
| Trade debts | 44 | €1,018 | €194 | -€824 | -81.0% |
| Suppliers | 440/4 | €1,018 | €194 | -€824 | -81.0% |
| Taxes, remuneration and social security | 45 | €3,047 | €4,716 | +€1,670 | +54.8% |
| Taxes | 450/3 | €3,047 | €4,716 | +€1,670 | +54.8% |
| Other amounts payable | 47/48 | €88,074 | €105,921 | +€17,847 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,390 | €3,346 | -€44 | -1.3% |
| Other operating charges | 640/8 | €1,081 | €1,111 | +€30 | +2.7% |
| Gross operating margin | 9900 | €5,226 | €46,463 | +€41,236 | +789% |
| Operating profit (loss) | 9901 | €755 | €42,006 | +€41,251 | +5,464% |
| Financial income | 75/76B | - | €299 | +€299 | |
| Recurring financial income | 75 | - | €299 | +€299 | |
| Financial charges | 65/66B | €623 | €571 | -€52 | -8.3% |
| Recurring financial charges | 65 | €623 | €571 | -€52 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €132 | €41,734 | +€41,602 | +31,474% |
| Income taxes | 67/77 | €1,243 | €10,735 | +€9,492 | +764% |
| Profit (loss) for the period | 9904 | -€1,111 | €31,000 | +€32,110 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,111 | €31,000 | +€32,110 |
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 16 October 2026 via checked.be.