FACTORY & FRIENDS: 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 & FRIENDS
Largest movements
- Receivables within one year -€16,157
down €16,157 (-49.7%), from €32,487 to €16,329
of which Trade receivables: -€20,635
- Cash -€9,898
down €9,898 (-20.9%), from €47,318 to €37,420
mainly Net result for the year (-€16,464) and Trade debts (-€6,291)
- Tangible fixed assets -€1,529
down €1,529 (-30.6%), from €4,995 to €3,466
- Profit (loss) carried forward -€16,464
down €16,464 (-87.5%), from €18,807 to €2,343
- Trade debts -€6,291
down €6,291 (-44.7%), from €14,084 to €7,793
- Tax, wage and social debts -€6,138
down €6,138 (-35.3%), from €17,402 to €11,263
- Other debts +€1,256
up €1,256, from €0 to €1,256
- Gross operating margin -€59,518
down €59,518, from €47,370 to -€12,148
- Taxes -€13,373
no longer reported in 2025 (was €13,373)
- Other operating charges -€1,842
down €1,842 (-82.2%), from €2,241 to €400
- Staff costs +€1,060
new in 2025: €1,060
- Depreciation -€502
down €502 (-19.2%), from €2,620 to €2,118
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 | €84,853 | €57,216 | -€27,637 | -32.6% |
| Fixed assets | 21/28 | €4,995 | €3,466 | -€1,529 | -30.6% |
| Tangible fixed assets | 22/27 | €4,995 | €3,466 | -€1,529 | -30.6% |
| Plant, machinery and equipment | 23 | €4,995 | €3,466 | -€1,529 | -30.6% |
| Current assets | 29/58 | €79,857 | €53,750 | -€26,108 | -32.7% |
| Amounts receivable within one year | 40/41 | €32,487 | €16,329 | -€16,157 | -49.7% |
| Trade receivables | 40 | €20,956 | €320 | -€20,635 | -98.5% |
| Other amounts receivable | 41 | €11,531 | €16,009 | +€4,478 | +38.8% |
| Current investments | 50/53 | €52 | - | -€52 | |
| Cash at bank and in hand | 54/58 | €47,318 | €37,420 | -€9,898 | -20.9% |
| Total equity and liabilities | 10/49 | €84,853 | €57,216 | -€27,637 | -32.6% |
| Equity | 10/15 | €53,367 | €36,903 | -€16,464 | -30.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,360 | €28,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €26,500 | €26,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,807 | €2,343 | -€16,464 | -87.5% |
| Amounts payable | 17/49 | €31,486 | €20,313 | -€11,173 | -35.5% |
| Amounts payable within one year | 42/48 | €31,486 | €20,313 | -€11,173 | -35.5% |
| Trade debts | 44 | €14,084 | €7,793 | -€6,291 | -44.7% |
| Suppliers | 440/4 | €14,084 | €7,793 | -€6,291 | -44.7% |
| Taxes, remuneration and social security | 45 | €17,402 | €11,263 | -€6,138 | -35.3% |
| Taxes | 450/3 | €17,402 | €11,263 | -€6,138 | -35.3% |
| Other amounts payable | 47/48 | €0 | €1,256 | +€1,256 | |
| Non-recurring operating income | 76A | €4,120 | - | -€4,120 | |
| Remuneration, social security and pensions | 62 | - | €1,060 | +€1,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,620 | €2,118 | -€502 | -19.2% |
| Other operating charges | 640/8 | €2,241 | €400 | -€1,842 | -82.2% |
| Gross operating margin | 9900 | €47,370 | -€12,148 | -€59,518 | |
| Operating profit (loss) | 9901 | €42,509 | -€15,726 | -€58,234 | |
| Financial income | 75/76B | €53 | - | -€53 | |
| Recurring financial income | 75 | €53 | - | -€53 | |
| Financial charges | 65/66B | €705 | €738 | +€33 | +4.7% |
| Recurring financial charges | 65 | €705 | €738 | +€33 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €41,856 | -€16,464 | -€58,320 | |
| Transfer to deferred taxes | 680 | €26,500 | - | -€26,500 | |
| Income taxes | 67/77 | €13,373 | - | -€13,373 | |
| Profit (loss) for the period | 9904 | €1,984 | -€16,464 | -€18,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,984 | -€16,464 | -€18,447 |
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 6 October 2026 via checked.be.