fad: 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.
fad
Largest movements
- Cash +€2,827
up €2,827 (+30.1%), from €9,391 to €12,219
mainly Stocks and contracts (+€2,196) and Other debts (+€600)
- Stocks and contracts -€2,196
down €2,196 (-20.5%), from €10,690 to €8,494
- Other debts +€600
up €600 (+12.5%), from €4,800 to €5,400
- Gross operating margin +€621
up €621 (+112%), from €552 to €1,173
- Other operating charges +€604
up €604 (+465%), from €130 to €734
- Taxes -€214
no longer reported in 2025 (was €214)
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 | €22,090 | €22,802 | +€712 | +3.2% |
| Current assets | 29/58 | €22,090 | €22,802 | +€712 | +3.2% |
| Stocks and contracts in progress | 3 | €10,690 | €8,494 | -€2,196 | -20.5% |
| Stocks | 30/36 | €10,690 | €8,494 | -€2,196 | -20.5% |
| Amounts receivable within one year | 40/41 | €1,878 | €1,928 | +€50 | +2.6% |
| Other amounts receivable | 41 | €1,878 | €1,928 | +€50 | +2.6% |
| Cash at bank and in hand | 54/58 | €9,391 | €12,219 | +€2,827 | +30.1% |
| Deferred charges and accrued income | 490/1 | €130 | €161 | +€31 | +24.2% |
| Total equity and liabilities | 10/49 | €22,090 | €22,802 | +€712 | +3.2% |
| Equity | 10/15 | €16,938 | €17,143 | +€205 | +1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,467 | -€3,262 | +€205 | +5.9% |
| Amounts payable | 17/49 | €5,152 | €5,659 | +€508 | +9.9% |
| Amounts payable within one year | 42/48 | €5,152 | €5,659 | +€508 | +9.9% |
| Trade debts | 44 | €352 | €259 | -€92 | -26.2% |
| Suppliers | 440/4 | €352 | €259 | -€92 | -26.2% |
| Other amounts payable | 47/48 | €4,800 | €5,400 | +€600 | +12.5% |
| Other operating charges | 640/8 | €130 | €734 | +€604 | +465% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €552 | €1,173 | +€621 | +112% |
| Operating profit (loss) | 9901 | €422 | €310 | -€112 | -26.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €104 | €106 | +€2 | +1.5% |
| Recurring financial charges | 65 | €104 | €106 | +€2 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €318 | €205 | -€113 | -35.6% |
| Income taxes | 67/77 | €214 | - | -€214 | |
| Profit (loss) for the period | 9904 | €103 | €205 | +€101 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103 | €205 | +€101 | +98.3% |
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 17 October 2026 via checked.be.