FADE: 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.
FADE
Largest movements
- Cash +€65,048
up €65,048 (+24.4%), from €266,876 to €331,924
mainly Net result for the year (+€83,904) and Other debts (+€75,490)
- Other debts +€75,490
up €75,490 (+897.1%), from €8,415 to €83,904
- Tax, wage and social debts -€5,082
down €5,082 (-34.1%), from €14,892 to €9,810
of which Taxes: -€3,782
- Taxes +€6,459
up €6,459 (+27.9%), from €23,164 to €29,623
- Gross operating margin +€5,046
up €5,046 (+4.6%), from €110,397 to €115,442
- Depreciation -€1,310
down €1,310 (-56.3%), from €2,325 to €1,015
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 | €285,291 | €352,843 | +€67,552 | +23.7% |
| Fixed assets | 21/28 | €1,671 | €655 | -€1,015 | -60.8% |
| Tangible fixed assets | 22/27 | €1,421 | €405 | -€1,015 | -71.5% |
| Plant, machinery and equipment | 23 | €1,421 | €405 | -€1,015 | -71.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €283,621 | €352,187 | +€68,567 | +24.2% |
| Amounts receivable within one year | 40/41 | €15,828 | €19,323 | +€3,495 | +22.1% |
| Trade receivables | 40 | €15,828 | €18,512 | +€2,684 | +17.0% |
| Other amounts receivable | 41 | - | €811 | +€811 | |
| Cash at bank and in hand | 54/58 | €266,876 | €331,924 | +€65,048 | +24.4% |
| Deferred charges and accrued income | 490/1 | €917 | €941 | +€24 | +2.6% |
| Total equity and liabilities | 10/49 | €285,291 | €352,843 | +€67,552 | +23.7% |
| Equity | 10/15 | €258,217 | €258,217 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €256,217 | €256,217 | = | 0.0% |
| Distributable reserves | 133 | €256,217 | €256,217 | = | 0.0% |
| Amounts payable | 17/49 | €27,074 | €94,626 | +€67,552 | +249.5% |
| Amounts payable within one year | 42/48 | €27,074 | €94,626 | +€67,552 | +249.5% |
| Trade debts | 44 | €3,768 | €912 | -€2,857 | -75.8% |
| Suppliers | 440/4 | €3,768 | €912 | -€2,857 | -75.8% |
| Taxes, remuneration and social security | 45 | €14,892 | €9,810 | -€5,082 | -34.1% |
| Taxes | 450/3 | €13,592 | €9,810 | -€3,782 | -27.8% |
| Remuneration and social security | 454/9 | €1,300 | - | -€1,300 | |
| Other amounts payable | 47/48 | €8,415 | €83,904 | +€75,490 | +897.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,325 | €1,015 | -€1,310 | -56.3% |
| Other operating charges | 640/8 | €1,126 | €1,161 | +€36 | +3.2% |
| Gross operating margin | 9900 | €110,397 | €115,442 | +€5,046 | +4.6% |
| Operating profit (loss) | 9901 | €106,946 | €113,266 | +€6,319 | +5.9% |
| Financial income | 75/76B | €17 | €475 | +€457 | +2657.5% |
| Recurring financial income | 75 | €17 | €475 | +€457 | +2657.5% |
| Financial charges | 65/66B | €145 | €213 | +€68 | +47.0% |
| Recurring financial charges | 65 | €145 | €213 | +€68 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €106,819 | €113,527 | +€6,709 | +6.3% |
| Income taxes | 67/77 | €23,164 | €29,623 | +€6,459 | +27.9% |
| Profit (loss) for the period | 9904 | €83,655 | €83,904 | +€250 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,655 | €83,904 | +€250 | +0.3% |
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 10 October 2026 via checked.be.