FACTORY 1938: 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.
FACTORY 1938
Largest movements
- Receivables within one year -€29,696
down €29,696 (-100%), from €29,696 to €0
of which Other amounts receivable: -€29,696
- Receivables after one year +€28,802
up €28,802 (+36.0%), from €79,900 to €108,702
- Deferred charges and accrued income +€4,351
up €4,351 (+20,067%), from €22 to €4,372
- Cash -€3,054
down €3,054 (-53.7%), from €5,683 to €2,629
mainly Receivables after one year (-€28,802) and Investment in fixed assets (net) (-€6,318)
- Reserves +€3,586
up €3,586 (+2.5%), from €144,542 to €148,128
of which Distributable reserves: +€3,586
- Tax, wage and social debts -€3,454
down €3,454 (-84.4%), from €4,094 to €640
- Gross operating margin +€6,276
up €6,276 (+355%), from €1,767 to €8,042
- Depreciation +€1,106
up €1,106 (+20.7%), from €5,346 to €6,453
- Taxes +€640
up €640, from €0 to €640
- Other operating charges -€637
down €637 (-29.0%), from €2,199 to €1,562
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 | €168,057 | €168,324 | +€267 | +0.2% |
| Fixed assets | 21/28 | €52,756 | €52,621 | -€135 | -0.3% |
| Tangible fixed assets | 22/27 | €52,756 | €52,621 | -€135 | -0.3% |
| Land and buildings | 22 | €52,756 | €52,621 | -€135 | -0.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €115,301 | €115,703 | +€402 | +0.3% |
| Amounts receivable after more than one year | 29 | €79,900 | €108,702 | +€28,802 | +36.0% |
| Other amounts receivable | 291 | €79,900 | €108,702 | +€28,802 | +36.0% |
| Amounts receivable within one year | 40/41 | €29,696 | €0 | -€29,696 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €29,696 | €0 | -€29,696 | -100% |
| Cash at bank and in hand | 54/58 | €5,683 | €2,629 | -€3,054 | -53.7% |
| Deferred charges and accrued income | 490/1 | €22 | €4,372 | +€4,351 | +20,067% |
| Total equity and liabilities | 10/49 | €168,057 | €168,324 | +€267 | +0.2% |
| Equity | 10/15 | €163,134 | €166,720 | +€3,586 | +2.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €144,542 | €148,128 | +€3,586 | +2.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €142,683 | €146,269 | +€3,586 | +2.5% |
| Amounts payable | 17/49 | €4,923 | €1,604 | -€3,319 | -67.4% |
| Amounts payable within one year | 42/48 | €4,923 | €1,604 | -€3,319 | -67.4% |
| Financial debts | 43 | €29 | - | -€29 | |
| Credit institutions | 430/8 | €29 | - | -€29 | |
| Trade debts | 44 | €0 | €164 | +€164 | |
| Suppliers | 440/4 | €0 | €164 | +€164 | |
| Taxes, remuneration and social security | 45 | €4,094 | €640 | -€3,454 | -84.4% |
| Taxes | 450/3 | €4,094 | €640 | -€3,454 | -84.4% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,346 | €6,453 | +€1,106 | +20.7% |
| Other operating charges | 640/8 | €2,199 | €1,562 | -€637 | -29.0% |
| Non-recurring operating charges | 66A | €1,661 | €0 | -€1,661 | -100% |
| Gross operating margin | 9900 | €1,767 | €8,042 | +€6,276 | +355% |
| Operating profit (loss) | 9901 | -€7,440 | €28 | +€7,468 | |
| Financial income | 75/76B | €4,366 | €4,348 | -€18 | -0.4% |
| Recurring financial income | 75 | €4,366 | €4,348 | -€18 | -0.4% |
| Financial charges | 65/66B | €92 | €150 | +€58 | +62.7% |
| Recurring financial charges | 65 | €92 | €150 | +€58 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,166 | €4,226 | +€7,392 | |
| Income taxes | 67/77 | €0 | €640 | +€640 | |
| Profit (loss) for the period | 9904 | -€3,166 | €3,586 | +€6,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,166 | €3,586 | +€6,752 |
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 15 October 2026 via checked.be.