FADEPAR: 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.
FADEPAR
Largest movements
- Cash -€121,993
down €121,993 (-41.3%), from €295,545 to €173,552
mainly Receivables within one year (-€53,073) and Other debts (-€48,423)
- Receivables within one year +€53,073
up €53,073 (+1382.1%), from €3,840 to €56,913
of which Other amounts receivable: +€52,738
- Tangible fixed assets -€13,499
down €13,499 (-2.4%), from €558,711 to €545,212
of which Land and buildings: -€13,895
- Other debts -€48,423
down €48,423 (-33.4%), from €144,946 to €96,523
- Debts after one year -€34,641
down €34,641 (-5.3%), from €658,170 to €623,529
- Profit (loss) carried forward -€22,162
down €22,162 (-6.2%), from -€354,976 to -€377,137
- Accrued charges and deferred income +€20,476
up €20,476 (+56.4%), from €36,329 to €56,805
- Gross operating margin -€228,847
down €228,847 (-90.9%), from €251,843 to €22,996
- Financial charges -€4,313
down €4,313 (-17.3%), from €24,998 to €20,685
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €858,097 | €776,358 | -€81,739 | -9.5% |
| Fixed assets | 21/28 | €558,711 | €545,212 | -€13,499 | -2.4% |
| Tangible fixed assets | 22/27 | €558,711 | €545,212 | -€13,499 | -2.4% |
| Land and buildings | 22 | €554,063 | €540,168 | -€13,895 | -2.5% |
| Plant, machinery and equipment | 23 | €553 | €318 | -€235 | -42.5% |
| Furniture and vehicles | 24 | €760 | €380 | -€380 | -50.0% |
| Other tangible fixed assets | 26 | €3,335 | €4,346 | +€1,011 | +30.3% |
| Current assets | 29/58 | €299,385 | €231,146 | -€68,239 | -22.8% |
| Amounts receivable within one year | 40/41 | €3,840 | €56,913 | +€53,073 | +1382.1% |
| Trade receivables | 40 | €3,840 | €4,176 | +€336 | +8.7% |
| Other amounts receivable | 41 | €0 | €52,738 | +€52,738 | |
| Cash at bank and in hand | 54/58 | €295,545 | €173,552 | -€121,993 | -41.3% |
| Deferred charges and accrued income | 490/1 | - | €680 | +€680 | |
| Total equity and liabilities | 10/49 | €858,097 | €776,358 | -€81,739 | -9.5% |
| Equity | 10/15 | €12,943 | -€9,219 | -€22,162 | |
| Contributions | 10/11 | €323,379 | €323,379 | = | 0.0% |
| Capital | 10 | €323,379 | €323,379 | = | 0.0% |
| Issued capital | 100 | €323,379 | €323,379 | = | 0.0% |
| Reserves | 13 | €44,540 | €44,540 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,338 | €32,338 | = | 0.0% |
| Legal reserve | 130 | €32,338 | €32,338 | = | 0.0% |
| Distributable reserves | 133 | €12,202 | €12,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,976 | -€377,137 | -€22,162 | -6.2% |
| Amounts payable | 17/49 | €845,154 | €785,577 | -€59,577 | -7.0% |
| Amounts payable after more than one year | 17 | €658,170 | €623,529 | -€34,641 | -5.3% |
| Financial debts | 170/4 | €658,170 | €623,529 | -€34,641 | -5.3% |
| Amounts payable within one year | 42/48 | €150,655 | €105,242 | -€45,413 | -30.1% |
| Trade debts | 44 | €5,709 | €8,719 | +€3,010 | +52.7% |
| Suppliers | 440/4 | €5,709 | €8,719 | +€3,010 | +52.7% |
| Other amounts payable | 47/48 | €144,946 | €96,523 | -€48,423 | -33.4% |
| Accrued charges and deferred income | 492/3 | €36,329 | €56,805 | +€20,476 | +56.4% |
| Non-recurring operating income | 76A | €221,034 | €0 | -€221,034 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,766 | €15,239 | -€527 | -3.3% |
| Other operating charges | 640/8 | €10,881 | €9,913 | -€968 | -8.9% |
| Gross operating margin | 9900 | €251,843 | €22,996 | -€228,847 | -90.9% |
| Operating profit (loss) | 9901 | €225,196 | -€2,157 | -€227,352 | |
| Financial income | 75/76B | - | €680 | +€680 | |
| Recurring financial income | 75 | - | €680 | +€680 | |
| Financial charges | 65/66B | €24,998 | €20,685 | -€4,313 | -17.3% |
| Recurring financial charges | 65 | €24,998 | €20,685 | -€4,313 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €200,197 | -€22,162 | -€222,359 | |
| Profit (loss) for the period | 9904 | €200,197 | -€22,162 | -€222,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €200,197 | -€22,162 | -€222,359 |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.