FADIE: 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.
FADIE
Largest movements
- Stocks and contracts +€553,053
new in 2025: €553,053
- Intangible fixed assets +€518,128
new in 2025: €518,128
- Receivables within one year +€377,766
up €377,766 (+1,283%), from €29,434 to €407,200
of which Other amounts receivable: +€374,399
- Tangible fixed assets +€202,852
up €202,852 (+3,729%), from €5,440 to €208,292
of which Other tangible fixed assets: +€106,369
- Cash +€99,940
up €99,940 (+99.4%), from €100,547 to €200,488
mainly Trade debts (+€1.5m) and Net result for the year (+€289,519)
- Trade debts +€1.5m
up €1.5m (+865%), from €171,336 to €1.7m
- Profit (loss) carried forward +€239,519
up €239,519 (+9.4%), from -€2.5m to -€2.3m
- Other debts +€44,140
up €44,140 (+688%), from €6,413 to €50,553
- Gross operating margin +€488,467
up €488,467, from -€113,744 to €374,723
- Depreciation +€53,627
up €53,627 (+503%), from €10,669 to €64,295
- Staff costs -€48,026
down €48,026 (-85.6%), from €56,100 to €8,074
- Financial charges -€21,511
down €21,511 (-70.2%), from €30,637 to €9,126
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.
Derived cash bridge
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 | €139,790 | €1,902,096 | +€1.8m | +1,261% |
| Fixed assets | 21/28 | €5,440 | €726,420 | +€720,979 | +13,252% |
| Intangible fixed assets | 21 | - | €518,128 | +€518,128 | |
| Tangible fixed assets | 22/27 | €5,440 | €208,292 | +€202,852 | +3,729% |
| Plant, machinery and equipment | 23 | €3,386 | €97,193 | +€93,807 | +2,770% |
| Furniture and vehicles | 24 | - | €2,676 | +€2,676 | |
| Other tangible fixed assets | 26 | €2,054 | €108,423 | +€106,369 | +5,178% |
| Current assets | 29/58 | €134,350 | €1,175,676 | +€1.0m | +775% |
| Stocks and contracts in progress | 3 | - | €553,053 | +€553,053 | |
| Stocks | 30/36 | - | €553,053 | +€553,053 | |
| Amounts receivable within one year | 40/41 | €29,434 | €407,200 | +€377,766 | +1,283% |
| Trade receivables | 40 | €27,829 | €31,196 | +€3,367 | +12.1% |
| Other amounts receivable | 41 | €1,605 | €376,004 | +€374,399 | +23,332% |
| Cash at bank and in hand | 54/58 | €100,547 | €200,488 | +€99,940 | +99.4% |
| Deferred charges and accrued income | 490/1 | €4,369 | €14,936 | +€10,567 | +242% |
| Total equity and liabilities | 10/49 | €139,790 | €1,902,096 | +€1.8m | +1,261% |
| Equity | 10/15 | -€40,670 | €198,849 | +€239,519 | |
| Contributions | 10/11 | €2,497,533 | €2,497,533 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,538,202 | -€2,298,683 | +€239,519 | +9.4% |
| Amounts payable | 17/49 | €180,460 | €1,703,247 | +€1.5m | +844% |
| Amounts payable within one year | 42/48 | €180,460 | €1,703,247 | +€1.5m | +844% |
| Trade debts | 44 | €171,336 | €1,652,621 | +€1.5m | +865% |
| Suppliers | 440/4 | €171,336 | €1,652,621 | +€1.5m | +865% |
| Taxes, remuneration and social security | 45 | €2,711 | €73 | -€2,638 | -97.3% |
| Taxes | 450/3 | €27 | €27 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,684 | €46 | -€2,638 | -98.3% |
| Other amounts payable | 47/48 | €6,413 | €50,553 | +€44,140 | +688% |
| Non-recurring operating income | 76A | €107,713 | €79,204 | -€28,509 | -26.5% |
| Remuneration, social security and pensions | 62 | €56,100 | €8,074 | -€48,026 | -85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,669 | €64,295 | +€53,627 | +503% |
| Other operating charges | 640/8 | €4,724 | €3,997 | -€727 | -15.4% |
| Gross operating margin | 9900 | -€113,744 | €374,723 | +€488,467 | |
| Operating profit (loss) | 9901 | -€185,237 | €298,357 | +€483,594 | |
| Financial income | 75/76B | €544 | €288 | -€256 | -47.1% |
| Recurring financial income | 75 | €544 | €288 | -€256 | -47.1% |
| Financial charges | 65/66B | €30,637 | €9,126 | -€21,511 | -70.2% |
| Recurring financial charges | 65 | €30,637 | €9,126 | -€21,511 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€215,330 | €289,519 | +€504,849 | |
| Income taxes | 67/77 | €27 | €0 | -€27 | -100% |
| Profit (loss) for the period | 9904 | -€215,357 | €289,519 | +€504,876 | |
| Profit (loss) for the period to be appropriated | 9905 | -€215,357 | €289,519 | +€504,876 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.