FADO: what changed
What changed
FADO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€4,165
2024 · -€12,633+€16,798
Equity
€200,136
2024 · €195,970+€4,165
Cash
€9,301
2024 · €7,827+€1,475
Balance sheet total
€263,009
2024 · €195,970+€67,039
Largest movements
Assets
- Financial fixed assets +€90,000
up €90,000 (+60.0%), from €150,000 to €240,000
- Receivables after one year -€30,973
no longer reported in 2025 (was €30,973)
of which Trade receivables: -€27,126
- Receivables within one year +€9,273
new in 2025: €9,273
of which Trade receivables: +€6,050
Equity and liabilities
- Other debts +€62,874
new in 2025: €62,874
- Profit (loss) carried forward +€4,165
up €4,165 (+24.5%), from -€17,008 to -€12,842
Income statement
- Gross operating margin +€16,590
up €16,590, from -€9,160 to €7,429
- Depreciation -€830
down €830 (-32.5%), from €2,550 to €1,721
- Financial charges +€332
up €332 (+62.0%), from €535 to €867
- Other operating charges +€290
up €290 (+74.7%), from €387 to €677
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€12,633
Gross operating margin
+€16,590
Depreciation
+€830
Other operating charges
-€290
Financial charges
-€332
Result 2025
€4,165
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€91,475
Investment
-€90,000
Financing
€0
Cash 2024
€7,827
From operations (derived)
+€91,475
Net result for the year
+€4,165
Depreciation
+€1,721
Receivables after one year
+€30,973
Receivables within one year
-€9,273
Deferred charges and accrued income
+€1,014
Other debts
+€62,874
Investment (derived)
-€90,000
Investment in fixed assets (net)
-€90,000
Cash 2025
€9,301
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €195,970 | €263,009 | +€67,039 | +34.2% |
| Fixed assets | 21/28 | €154,266 | €242,545 | +€88,279 | +57.2% |
| Tangible fixed assets | 22/27 | €4,266 | €2,545 | -€1,721 | -40.3% |
| Plant, machinery and equipment | 23 | €4,100 | €2,545 | -€1,555 | -37.9% |
| Furniture and vehicles | 24 | €166 | €0 | -€166 | -100% |
| Financial fixed assets | 28 | €150,000 | €240,000 | +€90,000 | +60.0% |
| Current assets | 29/58 | €41,704 | €20,464 | -€21,240 | -50.9% |
| Amounts receivable after more than one year | 29 | €30,973 | - | -€30,973 | |
| Trade receivables | 290 | €27,126 | - | -€27,126 | |
| Other amounts receivable | 291 | €3,847 | - | -€3,847 | |
| Amounts receivable within one year | 40/41 | - | €9,273 | +€9,273 | |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | - | €3,223 | +€3,223 | |
| Cash at bank and in hand | 54/58 | €7,827 | €9,301 | +€1,475 | +18.8% |
| Deferred charges and accrued income | 490/1 | €2,904 | €1,890 | -€1,014 | -34.9% |
| Total equity and liabilities | 10/49 | €195,970 | €263,009 | +€67,039 | +34.2% |
| Equity | 10/15 | €195,970 | €200,136 | +€4,165 | +2.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €207,978 | €207,978 | = | 0.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €207,478 | €207,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,008 | -€12,842 | +€4,165 | +24.5% |
| Amounts payable | 17/49 | - | €62,874 | +€62,874 | |
| Amounts payable within one year | 42/48 | - | €62,874 | +€62,874 | |
| Other amounts payable | 47/48 | - | €62,874 | +€62,874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,550 | €1,721 | -€830 | -32.5% |
| Other operating charges | 640/8 | €387 | €677 | +€290 | +74.7% |
| Gross operating margin | 9900 | -€9,160 | €7,429 | +€16,590 | |
| Operating profit (loss) | 9901 | -€12,098 | €5,032 | +€17,130 | |
| Financial charges | 65/66B | €535 | €867 | +€332 | +62.0% |
| Recurring financial charges | 65 | €535 | €867 | +€332 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,633 | €4,165 | +€16,798 | |
| Profit (loss) for the period | 9904 | -€12,633 | €4,165 | +€16,798 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,633 | €4,165 | +€16,798 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.