Factory37: 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.
Factory37
Largest movements
- Receivables within one year -€156,086
down €156,086 (-98.8%), from €157,986 to €1,900
- Tangible fixed assets -€26,370
down €26,370 (-3.4%), from €786,225 to €759,855
of which Other tangible fixed assets: -€26,370
- Cash -€25,368
down €25,368 (-46.0%), from €55,136 to €29,767
mainly Other debts (-€150,000) and Debts after one year (-€71,643)
- Other debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Debts after one year -€71,643
down €71,643 (-14.1%), from €508,011 to €436,368
- Profit (loss) carried forward +€31,215
up €31,215 (+966.7%), from €3,229 to €34,443
- Tax, wage and social debts -€20,783
down €20,783 (-100.0%), from €20,783 to €0
- Gross operating margin +€25,676
up €25,676 (+42.8%), from €59,991 to €85,667
- Depreciation +€14,130
up €14,130 (+59.3%), from €23,832 to €37,962
- Other operating charges -€1,100
down €1,100 (-37.3%), from €2,951 to €1,851
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 | €999,799 | €791,522 | -€208,277 | -20.8% |
| Fixed assets | 21/28 | €786,225 | €759,855 | -€26,370 | -3.4% |
| Tangible fixed assets | 22/27 | €786,225 | €759,855 | -€26,370 | -3.4% |
| Other tangible fixed assets | 26 | €786,225 | €759,855 | -€26,370 | -3.4% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €213,574 | €31,667 | -€181,907 | -85.2% |
| Amounts receivable within one year | 40/41 | €157,986 | €1,900 | -€156,086 | -98.8% |
| Other amounts receivable | 41 | €157,986 | €1,900 | -€156,086 | -98.8% |
| Cash at bank and in hand | 54/58 | €55,136 | €29,767 | -€25,368 | -46.0% |
| Deferred charges and accrued income | 490/1 | €452 | €0 | -€452 | -100.0% |
| Total equity and liabilities | 10/49 | €999,799 | €791,522 | -€208,277 | -20.8% |
| Equity | 10/15 | €216,629 | €247,843 | +€31,215 | +14.4% |
| Contributions | 10/11 | €213,400 | €213,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,229 | €34,443 | +€31,215 | +966.7% |
| Amounts payable | 17/49 | €783,170 | €543,679 | -€239,491 | -30.6% |
| Amounts payable after more than one year | 17 | €508,011 | €436,368 | -€71,643 | -14.1% |
| Financial debts | 170/4 | €508,011 | €436,368 | -€71,643 | -14.1% |
| Amounts payable within one year | 42/48 | €275,159 | €105,911 | -€169,248 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €69,792 | €71,643 | +€1,851 | +2.7% |
| Trade debts | 44 | €34,585 | €34,268 | -€316 | -0.9% |
| Suppliers | 440/4 | €34,585 | €34,268 | -€316 | -0.9% |
| Taxes, remuneration and social security | 45 | €20,783 | €0 | -€20,783 | -100.0% |
| Taxes | 450/3 | €20,783 | €0 | -€20,783 | -100.0% |
| Other amounts payable | 47/48 | €150,000 | €0 | -€150,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €1,399 | +€1,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,832 | €37,962 | +€14,130 | +59.3% |
| Other operating charges | 640/8 | €2,951 | €1,851 | -€1,100 | -37.3% |
| Gross operating margin | 9900 | €59,991 | €85,667 | +€25,676 | +42.8% |
| Operating profit (loss) | 9901 | €33,208 | €45,854 | +€12,646 | +38.1% |
| Financial charges | 65/66B | €15,183 | €14,639 | -€544 | -3.6% |
| Recurring financial charges | 65 | €15,183 | €14,639 | -€544 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €18,024 | €31,215 | +€13,190 | +73.2% |
| Profit (loss) for the period | 9904 | €18,024 | €31,215 | +€13,190 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,024 | €31,215 | +€13,190 | +73.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.