FACTUM: 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.
FACTUM
Largest movements
- Cash +€44,079
up €44,079 (+137.0%), from €32,184 to €76,263
mainly Net result for the year (+€48,826) and Depreciation (+€10,212)
- Tangible fixed assets -€8,515
down €8,515 (-22.5%), from €37,812 to €29,297
of which Leasing and similar rights: -€8,770
- Receivables within one year -€6,737
down €6,737 (-99.9%), from €6,745 to €8
of which Trade receivables: -€5,712
- Profit (loss) carried forward +€48,826
up €48,826 (+908.2%), from €5,376 to €54,202
- Debts after one year -€8,785
down €8,785 (-32.7%), from €26,838 to €18,053
- Trade debts -€6,602
down €6,602 (-76.1%), from €8,674 to €2,072
- Other debts -€5,108
down €5,108 (-40.2%), from €12,720 to €7,612
- Gross operating margin +€52,265
up €52,265 (+219.2%), from €23,847 to €76,112
- Taxes +€10,724
up €10,724 (+538.4%), from €1,992 to €12,716
- Financial charges -€1,053
down €1,053 (-30.1%), from €3,492 to €2,439
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 | €78,878 | €107,919 | +€29,041 | +36.8% |
| Fixed assets | 21/28 | €37,812 | €29,297 | -€8,515 | -22.5% |
| Tangible fixed assets | 22/27 | €37,812 | €29,297 | -€8,515 | -22.5% |
| Plant, machinery and equipment | 23 | €1,667 | €1,232 | -€436 | -26.1% |
| Furniture and vehicles | 24 | €1,544 | €2,235 | +€690 | +44.7% |
| Leasing and similar rights | 25 | €34,601 | €25,831 | -€8,770 | -25.3% |
| Current assets | 29/58 | €41,066 | €78,621 | +€37,556 | +91.5% |
| Amounts receivable within one year | 40/41 | €6,745 | €8 | -€6,737 | -99.9% |
| Trade receivables | 40 | €5,712 | - | -€5,712 | |
| Other amounts receivable | 41 | €1,033 | €8 | -€1,025 | -99.2% |
| Cash at bank and in hand | 54/58 | €32,184 | €76,263 | +€44,079 | +137.0% |
| Deferred charges and accrued income | 490/1 | €2,136 | €2,350 | +€214 | +10.0% |
| Total equity and liabilities | 10/49 | €78,878 | €107,919 | +€29,041 | +36.8% |
| Equity | 10/15 | €10,376 | €59,202 | +€48,826 | +470.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,376 | €54,202 | +€48,826 | +908.2% |
| Amounts payable | 17/49 | €68,502 | €48,716 | -€19,785 | -28.9% |
| Amounts payable after more than one year | 17 | €26,838 | €18,053 | -€8,785 | -32.7% |
| Financial debts | 170/4 | €26,838 | €18,053 | -€8,785 | -32.7% |
| Amounts payable within one year | 42/48 | €41,664 | €30,663 | -€11,000 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €8,377 | €8,785 | +€408 | +4.9% |
| Trade debts | 44 | €8,674 | €2,072 | -€6,602 | -76.1% |
| Suppliers | 440/4 | €8,674 | €2,072 | -€6,602 | -76.1% |
| Advances received on contracts in progress | 46 | €10,000 | €10,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,893 | €2,194 | +€301 | +15.9% |
| Taxes | 450/3 | €1,893 | €2,194 | +€301 | +15.9% |
| Other amounts payable | 47/48 | €12,720 | €7,612 | -€5,108 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,566 | €10,212 | -€354 | -3.4% |
| Other operating charges | 640/8 | €2,486 | €2,127 | -€359 | -14.4% |
| Gross operating margin | 9900 | €23,847 | €76,112 | +€52,265 | +219.2% |
| Operating profit (loss) | 9901 | €10,795 | €63,773 | +€52,978 | +490.8% |
| Financial income | 75/76B | €65 | €208 | +€143 | +219.6% |
| Recurring financial income | 75 | €65 | €208 | +€143 | +219.6% |
| Financial charges | 65/66B | €3,492 | €2,439 | -€1,053 | -30.1% |
| Recurring financial charges | 65 | €3,492 | €2,439 | -€1,053 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €7,368 | €61,542 | +€54,173 | +735.2% |
| Income taxes | 67/77 | €1,992 | €12,716 | +€10,724 | +538.4% |
| Profit (loss) for the period | 9904 | €5,376 | €48,826 | +€43,450 | +808.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,376 | €48,826 | +€43,450 | +808.2% |
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 3 October 2026 via checked.be.