FACTORY ONE: 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 ONE
Largest movements
- Receivables within one year +€64,607
up €64,607 (+25.5%), from €253,113 to €317,721
of which Other amounts receivable: +€81,432
- Cash -€63,987
down €63,987 (-31.1%), from €205,848 to €141,862
mainly Receivables within one year (-€64,607) and Net result for the year (-€44,060)
- Tangible fixed assets -€61,529
down €61,529 (-6.0%), from €1.0m to €966,893
of which Land and buildings: -€53,070
- Profit (loss) carried forward -€44,060
down €44,060 (-3.6%), from €1.2m to €1.2m
- Debts after one year -€14,955
down €14,955 (-6.9%), from €217,273 to €202,318
- Gross operating margin -€50,499
down €50,499 (-39.2%), from €128,661 to €78,162
- Taxes -€38,667
down €38,667 (-98.7%), from €39,184 to €518
- Financial income +€17,675
up €17,675 (+214%), from €8,244 to €25,919
- Staff costs +€6,103
up €6,103 (+11.7%), from €52,134 to €58,237
- Other operating charges -€6,083
down €6,083 (-48.2%), from €12,624 to €6,541
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 | €1,489,384 | €1,426,475 | -€62,909 | -4.2% |
| Fixed assets | 21/28 | €1,028,423 | €966,893 | -€61,529 | -6.0% |
| Tangible fixed assets | 22/27 | €1,028,423 | €966,893 | -€61,529 | -6.0% |
| Land and buildings | 22 | €941,560 | €888,490 | -€53,070 | -5.6% |
| Plant, machinery and equipment | 23 | €7,246 | €6,460 | -€786 | -10.8% |
| Furniture and vehicles | 24 | €79,617 | €71,943 | -€7,674 | -9.6% |
| Current assets | 29/58 | €460,962 | €459,582 | -€1,380 | -0.3% |
| Amounts receivable within one year | 40/41 | €253,113 | €317,721 | +€64,607 | +25.5% |
| Trade receivables | 40 | €52,990 | €36,165 | -€16,825 | -31.8% |
| Other amounts receivable | 41 | €200,123 | €281,555 | +€81,432 | +40.7% |
| Cash at bank and in hand | 54/58 | €205,848 | €141,862 | -€63,987 | -31.1% |
| Deferred charges and accrued income | 490/1 | €2,000 | - | -€2,000 | |
| Total equity and liabilities | 10/49 | €1,489,384 | €1,426,475 | -€62,909 | -4.2% |
| Equity | 10/15 | €1,255,432 | €1,211,372 | -€44,060 | -3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €1,234,972 | €1,190,912 | -€44,060 | -3.6% |
| Amounts payable | 17/49 | €233,952 | €215,103 | -€18,849 | -8.1% |
| Amounts payable after more than one year | 17 | €217,273 | €202,318 | -€14,955 | -6.9% |
| Financial debts | 170/4 | €217,273 | €202,318 | -€14,955 | -6.9% |
| Amounts payable within one year | 42/48 | €15,790 | €11,895 | -€3,894 | -24.7% |
| Trade debts | 44 | - | €105 | +€105 | |
| Suppliers | 440/4 | - | €105 | +€105 | |
| Taxes, remuneration and social security | 45 | €15,790 | €11,723 | -€4,066 | -25.8% |
| Taxes | 450/3 | €15,790 | €9,810 | -€5,979 | -37.9% |
| Remuneration and social security | 454/9 | - | €1,913 | +€1,913 | |
| Other amounts payable | 47/48 | - | €67 | +€67 | |
| Accrued charges and deferred income | 492/3 | €890 | €890 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €52,134 | €58,237 | +€6,103 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,525 | €73,732 | +€4,207 | +6.1% |
| Other operating charges | 640/8 | €12,624 | €6,541 | -€6,083 | -48.2% |
| Gross operating margin | 9900 | €128,661 | €78,162 | -€50,499 | -39.2% |
| Operating profit (loss) | 9901 | -€5,621 | -€60,347 | -€54,726 | -974% |
| Financial income | 75/76B | €8,244 | €25,919 | +€17,675 | +214% |
| Recurring financial income | 75 | €8,244 | €25,919 | +€17,675 | +214% |
| Financial charges | 65/66B | €7,063 | €9,114 | +€2,050 | +29.0% |
| Recurring financial charges | 65 | €7,063 | €9,114 | +€2,050 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,441 | -€43,542 | -€39,101 | -880% |
| Income taxes | 67/77 | €39,184 | €518 | -€38,667 | -98.7% |
| Profit (loss) for the period | 9904 | -€43,625 | -€44,060 | -€435 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,625 | -€44,060 | -€435 | -1.0% |
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.