FACTORY: 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.
FACTORY
Largest movements
- Receivables within one year +€610,294
up €610,294 (+93.7%), from €651,312 to €1.3m
of which Trade receivables: +€448,028
- Cash -€99,873
down €99,873 (-78.1%), from €127,959 to €28,085
mainly Receivables within one year (-€610,294) and Other debts (-€84,037)
- Tangible fixed assets -€23,473
down €23,473 (-35.2%), from €66,688 to €43,215
of which Furniture and vehicles: -€15,156
- Trade debts +€388,905
up €388,905 (+85676.9%), from €454 to €389,359
- Profit (loss) carried forward +€97,770
up €97,770 (+55.8%), from €175,349 to €273,119
- Other debts -€84,037
down €84,037 (-12.6%), from €666,289 to €582,251
- Debts after one year +€43,328
up €43,328 (+180.8%), from €23,968 to €67,296
- Tax, wage and social debts +€32,252
up €32,252 (+44.3%), from €72,814 to €105,066
- Gross operating margin -€110,693
down €110,693 (-34.2%), from €323,908 to €213,216
- Staff costs +€43,526
new in 2025: €43,526
- Taxes -€40,765
down €40,765 (-49.9%), from €81,723 to €40,958
- Financial charges -€20,517
down €20,517 (-92.7%), from €22,125 to €1,608
of which Non-recurring financial charges: -€14,874
- Depreciation +€9,834
up €9,834 (+72.1%), from €13,639 to €23,473
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 | €1,002,366 | €1,493,276 | +€490,910 | +49.0% |
| Fixed assets | 21/28 | €87,879 | €67,355 | -€20,523 | -23.4% |
| Tangible fixed assets | 22/27 | €66,688 | €43,215 | -€23,473 | -35.2% |
| Plant, machinery and equipment | 23 | €22,880 | €14,563 | -€8,317 | -36.4% |
| Furniture and vehicles | 24 | €43,808 | €28,652 | -€15,156 | -34.6% |
| Financial fixed assets | 28 | €21,190 | €24,140 | +€2,950 | +13.9% |
| Current assets | 29/58 | €914,488 | €1,425,921 | +€511,433 | +55.9% |
| Stocks and contracts in progress | 3 | €135,218 | €136,230 | +€1,012 | +0.7% |
| Stocks | 30/36 | €135,218 | €136,230 | +€1,012 | +0.7% |
| Amounts receivable within one year | 40/41 | €651,312 | €1,261,606 | +€610,294 | +93.7% |
| Trade receivables | 40 | €236,016 | €684,045 | +€448,028 | +189.8% |
| Other amounts receivable | 41 | €415,295 | €577,561 | +€162,266 | +39.1% |
| Cash at bank and in hand | 54/58 | €127,959 | €28,085 | -€99,873 | -78.1% |
| Total equity and liabilities | 10/49 | €1,002,366 | €1,493,276 | +€490,910 | +49.0% |
| Equity | 10/15 | €216,635 | €314,404 | +€97,770 | +45.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €22,735 | €22,735 | = | 0.0% |
| Distributable reserves | 133 | €22,735 | €22,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,349 | €273,119 | +€97,770 | +55.8% |
| Amounts payable | 17/49 | €785,732 | €1,178,872 | +€393,140 | +50.0% |
| Amounts payable after more than one year | 17 | €23,968 | €67,296 | +€43,328 | +180.8% |
| Financial debts | 170/4 | €23,968 | €67,296 | +€43,328 | +180.8% |
| Amounts payable within one year | 42/48 | €761,764 | €1,111,576 | +€349,812 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €22,206 | €34,900 | +€12,693 | +57.2% |
| Trade debts | 44 | €454 | €389,359 | +€388,905 | +85676.9% |
| Suppliers | 440/4 | €454 | €389,359 | +€388,905 | +85676.9% |
| Taxes, remuneration and social security | 45 | €72,814 | €105,066 | +€32,252 | +44.3% |
| Taxes | 450/3 | €72,814 | €105,066 | +€32,252 | +44.3% |
| Other amounts payable | 47/48 | €666,289 | €582,251 | -€84,037 | -12.6% |
| Remuneration, social security and pensions | 62 | - | €43,526 | +€43,526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,639 | €23,473 | +€9,834 | +72.1% |
| Other operating charges | 640/8 | €3,950 | €6,129 | +€2,179 | +55.2% |
| Gross operating margin | 9900 | €323,908 | €213,216 | -€110,693 | -34.2% |
| Operating profit (loss) | 9901 | €306,319 | €140,088 | -€166,232 | -54.3% |
| Financial income | 75/76B | €3,652 | €248 | -€3,404 | -93.2% |
| Recurring financial income | 75 | €8 | €248 | +€240 | +2843.2% |
| Non-recurring financial income | 76B | €3,644 | - | -€3,644 | |
| Financial charges | 65/66B | €22,125 | €1,608 | -€20,517 | -92.7% |
| Recurring financial charges | 65 | €6,951 | €1,308 | -€5,643 | -81.2% |
| Non-recurring financial charges | 66B | €15,174 | €300 | -€14,874 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €287,847 | €138,728 | -€149,119 | -51.8% |
| Income taxes | 67/77 | €81,723 | €40,958 | -€40,765 | -49.9% |
| Profit (loss) for the period | 9904 | €206,123 | €97,770 | -€108,354 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €206,123 | €97,770 | -€108,354 | -52.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.