FADAM: 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.
FADAM
Largest movements
- Cash +€14,885
up €14,885 (+133.9%), from €11,120 to €26,005
mainly Depreciation (+€14,672) and Trade debts (+€11,309)
- Tangible fixed assets -€10,828
down €10,828 (-3.4%), from €320,511 to €309,683
of which Land and buildings: -€5,917
- Trade debts +€11,309
up €11,309 (+46.2%), from €24,483 to €35,792
- Profit (loss) carried forward -€8,448
down €8,448 (-15.4%), from -€54,993 to -€63,441
- Gross operating margin +€40,770
up €40,770 (+6057.9%), from €673 to €41,443
- Staff costs -€6,095
down €6,095 (-15.8%), from €38,565 to €32,470
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 | €351,637 | €357,132 | +€5,496 | +1.6% |
| Fixed assets | 21/28 | €320,511 | €309,683 | -€10,828 | -3.4% |
| Tangible fixed assets | 22/27 | €320,511 | €309,683 | -€10,828 | -3.4% |
| Land and buildings | 22 | €300,837 | €294,920 | -€5,917 | -2.0% |
| Plant, machinery and equipment | 23 | €19,674 | €14,764 | -€4,911 | -25.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €31,126 | €47,449 | +€16,323 | +52.4% |
| Stocks and contracts in progress | 3 | €17,920 | €18,398 | +€478 | +2.7% |
| Stocks | 30/36 | €17,920 | €18,398 | +€478 | +2.7% |
| Amounts receivable within one year | 40/41 | €1,707 | €2,725 | +€1,018 | +59.7% |
| Trade receivables | 40 | €0 | €2,296 | +€2,296 | |
| Other amounts receivable | 41 | €1,707 | €430 | -€1,277 | -74.8% |
| Cash at bank and in hand | 54/58 | €11,120 | €26,005 | +€14,885 | +133.9% |
| Deferred charges and accrued income | 490/1 | €379 | €321 | -€58 | -15.3% |
| Total equity and liabilities | 10/49 | €351,637 | €357,132 | +€5,496 | +1.6% |
| Equity | 10/15 | -€39,993 | -€48,441 | -€8,448 | -21.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,993 | -€63,441 | -€8,448 | -15.4% |
| Amounts payable | 17/49 | €391,630 | €405,574 | +€13,944 | +3.6% |
| Amounts payable within one year | 42/48 | €391,630 | €405,574 | +€13,944 | +3.6% |
| Trade debts | 44 | €24,483 | €35,792 | +€11,309 | +46.2% |
| Suppliers | 440/4 | €24,483 | €35,792 | +€11,309 | +46.2% |
| Taxes, remuneration and social security | 45 | €6,101 | €9,374 | +€3,273 | +53.6% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €6,101 | €9,374 | +€3,273 | +53.6% |
| Other amounts payable | 47/48 | €361,046 | €360,408 | -€638 | -0.2% |
| Remuneration, social security and pensions | 62 | €38,565 | €32,470 | -€6,095 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,542 | €14,672 | +€130 | +0.9% |
| Other operating charges | 640/8 | €1,399 | €1,789 | +€390 | +27.9% |
| Gross operating margin | 9900 | €673 | €41,443 | +€40,770 | +6057.9% |
| Operating profit (loss) | 9901 | -€53,833 | -€7,487 | +€46,346 | +86.1% |
| Financial income | 75/76B | - | €28 | +€28 | |
| Recurring financial income | 75 | - | €28 | +€28 | |
| Financial charges | 65/66B | €1,160 | €989 | -€170 | -14.7% |
| Recurring financial charges | 65 | €1,160 | €989 | -€170 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,993 | -€8,448 | +€46,545 | +84.6% |
| Profit (loss) for the period | 9904 | -€54,993 | -€8,448 | +€46,545 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,993 | -€8,448 | +€46,545 | +84.6% |
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 5 October 2026 via checked.be.