FADI EXPORT: 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.
FADI EXPORT
Largest movements
- Stocks and contracts +€60,100
up €60,100 (+30.5%), from €196,780 to €256,880
- Deferred charges and accrued income +€41,367
up €41,367 (+483.1%), from €8,563 to €49,930
- Tangible fixed assets -€39,785
down €39,785 (-7.0%), from €568,982 to €529,197
of which Land and buildings: -€38,393
- Cash -€10,030
down €10,030 (-74.5%), from €13,470 to €3,440
mainly Stocks and contracts (-€60,100) and Deferred charges and accrued income (-€41,367)
- Trade debts +€50,166
up €50,166 (+23.4%), from €214,365 to €264,531
- Debts after one year -€39,551
down €39,551 (-13.2%), from €298,806 to €259,255
- Profit (loss) carried forward +€36,340
up €36,340 (+64.3%), from -€56,510 to -€20,170
- Tax, wage and social debts +€19,454
up €19,454 (+239.3%), from €8,130 to €27,584
of which Taxes: +€14,447
- Reserves -€19,160
down €19,160 (-6.7%), from €284,308 to €265,148
- Gross operating margin +€77,432
up €77,432 (+77.0%), from €100,548 to €177,980
- Taxes +€12,912
up €12,912 (+3187.4%), from €405 to €13,317
- Staff costs +€3,269
up €3,269 (+8.1%), from €40,335 to €43,604
- Financial income -€3,191
down €3,191 (-93.8%), from €3,403 to €211
- Financial charges -€1,949
down €1,949 (-23.7%), from €8,210 to €6,261
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 | €820,933 | €872,863 | +€51,930 | +6.3% |
| Fixed assets | 21/28 | €598,317 | €558,532 | -€39,785 | -6.6% |
| Tangible fixed assets | 22/27 | €568,982 | €529,197 | -€39,785 | -7.0% |
| Land and buildings | 22 | €549,534 | €511,141 | -€38,393 | -7.0% |
| Plant, machinery and equipment | 23 | €2,553 | €8,898 | +€6,345 | +248.5% |
| Furniture and vehicles | 24 | €16,896 | €9,158 | -€7,738 | -45.8% |
| Financial fixed assets | 28 | €29,335 | €29,335 | = | 0.0% |
| Current assets | 29/58 | €222,616 | €314,331 | +€91,715 | +41.2% |
| Stocks and contracts in progress | 3 | €196,780 | €256,880 | +€60,100 | +30.5% |
| Stocks | 30/36 | €196,780 | €256,880 | +€60,100 | +30.5% |
| Amounts receivable within one year | 40/41 | €3,803 | €4,081 | +€278 | +7.3% |
| Other amounts receivable | 41 | €3,803 | €4,081 | +€278 | +7.3% |
| Cash at bank and in hand | 54/58 | €13,470 | €3,440 | -€10,030 | -74.5% |
| Deferred charges and accrued income | 490/1 | €8,563 | €49,930 | +€41,367 | +483.1% |
| Total equity and liabilities | 10/49 | €820,933 | €872,863 | +€51,930 | +6.3% |
| Equity | 10/15 | €277,377 | €294,557 | +€17,180 | +6.2% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Outside capital | 11 | €49,579 | €49,579 | = | 0.0% |
| Share premium | 1100/10 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €284,308 | €265,148 | -€19,160 | -6.7% |
| Tax-exempt reserves | 132 | €284,308 | €265,148 | -€19,160 | -6.7% |
| Profit (loss) carried forward | 14 | -€56,510 | -€20,170 | +€36,340 | +64.3% |
| Amounts payable | 17/49 | €543,556 | €578,306 | +€34,750 | +6.4% |
| Amounts payable after more than one year | 17 | €298,806 | €259,255 | -€39,551 | -13.2% |
| Financial debts | 170/4 | €298,806 | €259,255 | -€39,551 | -13.2% |
| Amounts payable within one year | 42/48 | €244,750 | €319,051 | +€74,301 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €21,576 | €22,006 | +€430 | +2.0% |
| Financial debts | 43 | €53 | - | -€53 | |
| Credit institutions | 430/8 | €53 | - | -€53 | |
| Trade debts | 44 | €214,365 | €264,531 | +€50,166 | +23.4% |
| Suppliers | 440/4 | €214,365 | €264,531 | +€50,166 | +23.4% |
| Taxes, remuneration and social security | 45 | €8,130 | €27,584 | +€19,454 | +239.3% |
| Taxes | 450/3 | €676 | €15,123 | +€14,447 | +2137.9% |
| Remuneration and social security | 454/9 | €7,454 | €12,462 | +€5,007 | +67.2% |
| Other amounts payable | 47/48 | €626 | €4,930 | +€4,304 | +687.5% |
| Remuneration, social security and pensions | 62 | €40,335 | €43,604 | +€3,269 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,919 | €46,695 | -€224 | -0.5% |
| Other operating charges | 640/8 | €45,990 | €47,334 | +€1,345 | +2.9% |
| Non-recurring operating charges | 66A | €600 | €3,800 | +€3,200 | +533.3% |
| Gross operating margin | 9900 | €100,548 | €177,980 | +€77,432 | +77.0% |
| Operating profit (loss) | 9901 | -€33,295 | €36,547 | +€69,842 | |
| Financial income | 75/76B | €3,403 | €211 | -€3,191 | -93.8% |
| Recurring financial income | 75 | €3,403 | €211 | -€3,191 | -93.8% |
| Financial charges | 65/66B | €8,210 | €6,261 | -€1,949 | -23.7% |
| Recurring financial charges | 65 | €8,210 | €6,261 | -€1,949 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,103 | €30,497 | +€68,600 | |
| Income taxes | 67/77 | €405 | €13,317 | +€12,912 | +3187.4% |
| Profit (loss) for the period | 9904 | -€38,508 | €17,180 | +€55,688 | |
| Transfer from tax-exempt reserves | 789 | €21,394 | €19,160 | -€2,234 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,114 | €36,340 | +€53,454 |
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 30 September 2026 via checked.be.