FADOS: 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.
FADOS
Largest movements
- Receivables after one year -€24,050
down €24,050 (-87.3%), from €27,550 to €3,500
- Tangible fixed assets -€3,255
down €3,255 (-4.3%), from €75,814 to €72,559
- Other debts -€21,517
down €21,517 (-75.4%), from €28,521 to €7,004
- Current portion of long-term debt -€6,219
no longer reported in 2024 (was €6,219)
- Profit (loss) carried forward +€4,952
up €4,952, from -€4,894 to €58
- Short-term financial debts -€2,624
down €2,624 (-63.8%), from €4,116 to €1,492
- Reserves -€2,200
down €2,200 (-16.7%), from €13,197 to €10,997
of which Distributable reserves: -€2,200
- Depreciation -€10,800
down €10,800 (-76.8%), from €14,055 to €3,255
- Gross operating margin +€9,420
up €9,420 (+73.3%), from €12,858 to €22,278
- Write-downs +€3,204
new in 2024: €3,204
- Financial income -€551
down €551 (-74.8%), from €737 to €186
- Taxes +€536
up €536 (+108.3%), from €495 to €1,031
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,560 | €84,148 | -€26,412 | -23.9% |
| Fixed assets | 21/28 | €75,814 | €72,559 | -€3,255 | -4.3% |
| Tangible fixed assets | 22/27 | €75,814 | €72,559 | -€3,255 | -4.3% |
| Land and buildings | 22 | €75,814 | €72,559 | -€3,255 | -4.3% |
| Current assets | 29/58 | €34,745 | €11,589 | -€23,156 | -66.6% |
| Amounts receivable after more than one year | 29 | €27,550 | €3,500 | -€24,050 | -87.3% |
| Other amounts receivable | 291 | €27,550 | €3,500 | -€24,050 | -87.3% |
| Amounts receivable within one year | 40/41 | €5,707 | €6,476 | +€769 | +13.5% |
| Trade receivables | 40 | €4,693 | €664 | -€4,028 | -85.8% |
| Other amounts receivable | 41 | €1,014 | €5,812 | +€4,798 | +473.2% |
| Deferred charges and accrued income | 490/1 | €1,489 | €1,613 | +€124 | +8.3% |
| Total equity and liabilities | 10/49 | €110,560 | €84,148 | -€26,412 | -23.9% |
| Equity | 10/15 | €70,277 | €73,028 | +€2,752 | +3.9% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €13,197 | €10,997 | -€2,200 | -16.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €7,000 | €4,800 | -€2,200 | -31.4% |
| Profit (loss) carried forward | 14 | -€4,894 | €58 | +€4,952 | |
| Amounts payable | 17/49 | €40,283 | €11,119 | -€29,163 | -72.4% |
| Amounts payable within one year | 42/48 | €40,283 | €10,732 | -€29,551 | -73.4% |
| Current portion of amounts payable after more than one year | 42 | €6,219 | - | -€6,219 | |
| Financial debts | 43 | €4,116 | €1,492 | -€2,624 | -63.8% |
| Credit institutions | 430/8 | €4,116 | €1,492 | -€2,624 | -63.8% |
| Trade debts | 44 | €384 | €965 | +€580 | +150.9% |
| Suppliers | 440/4 | €384 | €965 | +€580 | +150.9% |
| Taxes, remuneration and social security | 45 | €1,042 | €1,272 | +€229 | +22.0% |
| Taxes | 450/3 | €1,042 | €1,272 | +€229 | +22.0% |
| Other amounts payable | 47/48 | €28,521 | €7,004 | -€21,517 | -75.4% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,055 | €3,255 | -€10,800 | -76.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,204 | +€3,204 | |
| Other operating charges | 640/8 | €4,904 | €4,439 | -€465 | -9.5% |
| Gross operating margin | 9900 | €12,858 | €22,278 | +€9,420 | +73.3% |
| Operating profit (loss) | 9901 | -€6,101 | €11,380 | +€17,481 | |
| Financial income | 75/76B | €737 | €186 | -€551 | -74.8% |
| Recurring financial income | 75 | €737 | €186 | -€551 | -74.8% |
| Financial charges | 65/66B | €938 | €783 | -€155 | -16.6% |
| Recurring financial charges | 65 | €938 | €783 | -€155 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,302 | €10,783 | +€17,085 | |
| Income taxes | 67/77 | €495 | €1,031 | +€536 | +108.3% |
| Profit (loss) for the period | 9904 | -€6,797 | €9,752 | +€16,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,797 | €9,752 | +€16,549 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.