FACTORI: 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.
FACTORI
Largest movements
- Cash +€3,732
up €3,732 (+4.4%), from €85,427 to €89,158
mainly Depreciation (+€5,929) and Other debts (+€4,058)
- Tangible fixed assets -€3,492
down €3,492 (-61.4%), from €5,687 to €2,194
of which Furniture and vehicles: -€3,269
- Receivables within one year -€2,513
down €2,513 (-17.8%), from €14,087 to €11,574
of which Trade receivables: -€3,406
- Other debts +€4,058
up €4,058 (+130%), from €3,125 to €7,183
- Profit (loss) carried forward -€3,462
down €3,462 (-11.3%), from €30,639 to €27,176
- Reserves -€2,721
down €2,721 (-5.5%), from €49,397 to €46,676
of which Distributable reserves: -€2,721
- Gross operating margin -€6,787
down €6,787 (-70.1%), from €9,682 to €2,895
- Depreciation -€974
down €974 (-14.1%), from €6,903 to €5,929
- Taxes -€724
down €724 (-100.0%), from €724 to €0
- Financial charges +€204
up €204 (+59.2%), from €346 to €550
- Financial income -€141
down €141 (-16.6%), from €851 to €709
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 | €129,599 | €126,218 | -€3,381 | -2.6% |
| Fixed assets | 21/28 | €5,687 | €2,194 | -€3,492 | -61.4% |
| Tangible fixed assets | 22/27 | €5,687 | €2,194 | -€3,492 | -61.4% |
| Plant, machinery and equipment | 23 | €479 | €257 | -€223 | -46.5% |
| Furniture and vehicles | 24 | €5,207 | €1,938 | -€3,269 | -62.8% |
| Current assets | 29/58 | €123,912 | €124,023 | +€111 | +0.1% |
| Stocks and contracts in progress | 3 | €23,407 | €23,200 | -€207 | -0.9% |
| Stocks | 30/36 | €23,407 | €23,200 | -€207 | -0.9% |
| Amounts receivable within one year | 40/41 | €14,087 | €11,574 | -€2,513 | -17.8% |
| Trade receivables | 40 | €9,243 | €5,838 | -€3,406 | -36.8% |
| Other amounts receivable | 41 | €4,844 | €5,736 | +€892 | +18.4% |
| Cash at bank and in hand | 54/58 | €85,427 | €89,158 | +€3,732 | +4.4% |
| Deferred charges and accrued income | 490/1 | €991 | €91 | -€900 | -90.8% |
| Total equity and liabilities | 10/49 | €129,599 | €126,218 | -€3,381 | -2.6% |
| Equity | 10/15 | €117,536 | €111,352 | -€6,184 | -5.3% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Reserves | 13 | €49,397 | €46,676 | -€2,721 | -5.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €49,397 | €46,676 | -€2,721 | -5.5% |
| Profit (loss) carried forward | 14 | €30,639 | €27,176 | -€3,462 | -11.3% |
| Amounts payable | 17/49 | €12,063 | €14,866 | +€2,802 | +23.2% |
| Amounts payable within one year | 42/48 | €12,063 | €14,866 | +€2,802 | +23.2% |
| Trade debts | 44 | €4,199 | €3,679 | -€520 | -12.4% |
| Suppliers | 440/4 | €4,199 | €3,679 | -€520 | -12.4% |
| Taxes, remuneration and social security | 45 | €4,739 | €4,003 | -€736 | -15.5% |
| Taxes | 450/3 | €2,739 | €2,003 | -€736 | -26.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €3,125 | €7,183 | +€4,058 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,903 | €5,929 | -€974 | -14.1% |
| Other operating charges | 640/8 | €678 | €587 | -€91 | -13.5% |
| Gross operating margin | 9900 | €9,682 | €2,895 | -€6,787 | -70.1% |
| Operating profit (loss) | 9901 | €2,101 | -€3,621 | -€5,722 | |
| Financial income | 75/76B | €851 | €709 | -€141 | -16.6% |
| Recurring financial income | 75 | €851 | €709 | -€141 | -16.6% |
| Financial charges | 65/66B | €346 | €550 | +€204 | +59.2% |
| Recurring financial charges | 65 | €346 | €550 | +€204 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €2,606 | -€3,462 | -€6,068 | |
| Income taxes | 67/77 | €724 | €0 | -€724 | -100.0% |
| Profit (loss) for the period | 9904 | €1,882 | -€3,462 | -€5,345 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,882 | -€3,462 | -€5,345 |
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 25 October 2026 via checked.be.