FADAN: 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.
FADAN
Largest movements
- Current investments -€1.8m
down €1.8m (-49.1%), from €3.7m to €1.9m
- Tangible fixed assets -€1.2m
down €1.2m (-47.1%), from €2.5m to €1.3m
of which Land and buildings: -€693,700
- Receivables within one year +€1.0m
up €1.0m (+1648.4%), from €63,453 to €1.1m
of which Other amounts receivable: +€1.1m
- Debts after one year -€1.0m
down €1.0m (-26.8%), from €3.9m to €2.8m
- Other debts -€963,684
down €963,684 (-81.0%), from €1.2m to €226,249
- Reserves +€619,263
up €619,263 (+150.8%), from €410,611 to €1.0m
- Tax, wage and social debts -€586,456
down €586,456 (-79.5%), from €737,485 to €151,030
- Taxes -€397,809
down €397,809 (-53.8%), from €739,418 to €341,609
- Financial income +€205,192
up €205,192 (+732.0%), from €28,033 to €233,225
- Financial charges +€137,004
up €137,004 (+81.5%), from €168,117 to €305,121
- Gross operating margin -€108,312
down €108,312 (-8.6%), from €1.3m to €1.2m
- Depreciation -€48,307
down €48,307 (-39.3%), from €122,844 to €74,537
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 | €6,362,890 | €4,373,734 | -€2.0m | -31.3% |
| Fixed assets | 21/28 | €2,548,548 | €1,348,180 | -€1.2m | -47.1% |
| Tangible fixed assets | 22/27 | €2,548,548 | €1,348,180 | -€1.2m | -47.1% |
| Land and buildings | 22 | €1,752,201 | €1,058,501 | -€693,700 | -39.6% |
| Plant, machinery and equipment | 23 | €64,090 | €37,167 | -€26,924 | -42.0% |
| Furniture and vehicles | 24 | €68,657 | €52,512 | -€16,145 | -23.5% |
| Leasing and similar rights | 25 | €663,600 | €200,000 | -€463,600 | -69.9% |
| Current assets | 29/58 | €3,814,342 | €3,025,554 | -€788,788 | -20.7% |
| Amounts receivable within one year | 40/41 | €63,453 | €1,109,447 | +€1.0m | +1648.4% |
| Trade receivables | 40 | €63,453 | €52,222 | -€11,231 | -17.7% |
| Other amounts receivable | 41 | - | €1,057,225 | +€1.1m | |
| Current investments | 50/53 | €3,717,577 | €1,893,562 | -€1.8m | -49.1% |
| Cash at bank and in hand | 54/58 | €15,863 | €16,603 | +€740 | +4.7% |
| Deferred charges and accrued income | 490/1 | €17,449 | €5,942 | -€11,506 | -65.9% |
| Total equity and liabilities | 10/49 | €6,362,890 | €4,373,734 | -€2.0m | -31.3% |
| Equity | 10/15 | €429,211 | €1,048,473 | +€619,263 | +144.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410,611 | €1,029,873 | +€619,263 | +150.8% |
| Distributable reserves | 133 | €410,611 | €1,029,873 | +€619,263 | +150.8% |
| Amounts payable | 17/49 | €5,933,679 | €3,325,261 | -€2.6m | -44.0% |
| Amounts payable after more than one year | 17 | €3,884,284 | €2,842,193 | -€1.0m | -26.8% |
| Financial debts | 170/4 | €3,884,284 | €2,842,193 | -€1.0m | -26.8% |
| Amounts payable within one year | 42/48 | €2,033,922 | €478,821 | -€1.6m | -76.5% |
| Current portion of amounts payable after more than one year | 42 | €102,592 | €99,572 | -€3,020 | -2.9% |
| Trade debts | 44 | €3,912 | €1,970 | -€1,942 | -49.6% |
| Suppliers | 440/4 | €3,912 | €1,970 | -€1,942 | -49.6% |
| Taxes, remuneration and social security | 45 | €737,485 | €151,030 | -€586,456 | -79.5% |
| Taxes | 450/3 | €737,485 | €151,030 | -€586,456 | -79.5% |
| Other amounts payable | 47/48 | €1,189,932 | €226,249 | -€963,684 | -81.0% |
| Accrued charges and deferred income | 492/3 | €15,473 | €4,247 | -€11,226 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,844 | €74,537 | -€48,307 | -39.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,064 | €9,442 | +€20,506 | |
| Other operating charges | 640/8 | €46,372 | €35,249 | -€11,123 | -24.0% |
| Non-recurring operating charges | 66A | €20,397 | - | -€20,397 | |
| Gross operating margin | 9900 | €1,260,307 | €1,151,995 | -€108,312 | -8.6% |
| Operating profit (loss) | 9901 | €1,081,758 | €1,032,767 | -€48,991 | -4.5% |
| Financial income | 75/76B | €28,033 | €233,225 | +€205,192 | +732.0% |
| Recurring financial income | 75 | €28,033 | €233,225 | +€205,192 | +732.0% |
| Financial charges | 65/66B | €168,117 | €305,121 | +€137,004 | +81.5% |
| Recurring financial charges | 65 | €168,117 | €305,121 | +€137,004 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | €941,674 | €960,871 | +€19,197 | +2.0% |
| Transfer from deferred taxes | 780 | €483,083 | - | -€483,083 | |
| Income taxes | 67/77 | €739,418 | €341,609 | -€397,809 | -53.8% |
| Profit (loss) for the period | 9904 | €685,339 | €619,263 | -€66,076 | -9.6% |
| Transfer from tax-exempt reserves | 789 | €1,449,248 | - | -€1.4m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,134,587 | €619,263 | -€1.5m | -71.0% |
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 4 October 2026 via checked.be.