FADOS: 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.
FADOS
Largest movements
- Tangible fixed assets +€78,090
up €78,090 (+1029.0%), from €7,589 to €85,679
of which Furniture and vehicles: +€76,585
- Receivables within one year +€7,180
up €7,180 (+78.8%), from €9,113 to €16,293
of which Trade receivables: +€6,468
- Cash +€3,053
up €3,053 (+51.9%), from €5,885 to €8,938
mainly Debts after one year (+€67,954) and Net result for the year (+€11,594)
- Deferred charges and accrued income +€2,462
up €2,462 (+235.6%), from €1,045 to €3,507
- Debts after one year +€67,954
up €67,954 (+1132.6%), from €6,000 to €73,954
of which Other amounts payable: +€40,000
- Profit (loss) carried forward +€11,594
up €11,594, from -€3,663 to €7,931
- Current portion of long-term debt +€7,877
up €7,877 (+283.3%), from €2,781 to €10,658
- Other debts +€3,120
up €3,120 (+131.9%), from €2,366 to €5,486
- Gross operating margin +€4,670
up €4,670 (+33.3%), from €14,030 to €18,700
- Depreciation -€3,574
down €3,574 (-44.2%), from €8,082 to €4,509
- Financial charges -€1,506
down €1,506 (-74.2%), from €2,029 to €523
- Taxes +€1,115
new in 2025: €1,115
- Other operating charges -€1,022
down €1,022 (-49.5%), from €2,066 to €1,043
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 | €24,934 | €115,592 | +€90,659 | +363.6% |
| Fixed assets | 21/28 | €7,589 | €85,679 | +€78,090 | +1029.0% |
| Tangible fixed assets | 22/27 | €7,589 | €85,679 | +€78,090 | +1029.0% |
| Plant, machinery and equipment | 23 | €2,738 | €4,243 | +€1,505 | +55.0% |
| Furniture and vehicles | 24 | €4,851 | €81,436 | +€76,585 | +1578.8% |
| Current assets | 29/58 | €17,345 | €29,913 | +€12,568 | +72.5% |
| Stocks and contracts in progress | 3 | €1,302 | €1,175 | -€127 | -9.8% |
| Stocks | 30/36 | €1,302 | €1,175 | -€127 | -9.8% |
| Amounts receivable within one year | 40/41 | €9,113 | €16,293 | +€7,180 | +78.8% |
| Trade receivables | 40 | €5,990 | €12,458 | +€6,468 | +108.0% |
| Other amounts receivable | 41 | €3,123 | €3,836 | +€713 | +22.8% |
| Cash at bank and in hand | 54/58 | €5,885 | €8,938 | +€3,053 | +51.9% |
| Deferred charges and accrued income | 490/1 | €1,045 | €3,507 | +€2,462 | +235.6% |
| Total equity and liabilities | 10/49 | €24,934 | €115,592 | +€90,659 | +363.6% |
| Equity | 10/15 | €11,437 | €23,031 | +€11,594 | +101.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,100 | €12,100 | = | 0.0% |
| Distributable reserves | 133 | €12,100 | €12,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,663 | €7,931 | +€11,594 | |
| Amounts payable | 17/49 | €13,497 | €92,561 | +€79,065 | +585.8% |
| Amounts payable after more than one year | 17 | €6,000 | €73,954 | +€67,954 | +1132.6% |
| Financial debts | 170/4 | €6,000 | €33,954 | +€27,954 | +465.9% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €7,497 | €18,607 | +€11,110 | +148.2% |
| Current portion of amounts payable after more than one year | 42 | €2,781 | €10,658 | +€7,877 | +283.3% |
| Trade debts | 44 | €775 | €1,029 | +€255 | +32.9% |
| Suppliers | 440/4 | €775 | €1,029 | +€255 | +32.9% |
| Advances received on contracts in progress | 46 | €426 | - | -€426 | |
| Taxes, remuneration and social security | 45 | €1,149 | €1,433 | +€284 | +24.8% |
| Taxes | 450/3 | €1,149 | €1,433 | +€284 | +24.8% |
| Other amounts payable | 47/48 | €2,366 | €5,486 | +€3,120 | +131.9% |
| Non-recurring operating income | 76A | - | €6,520 | +€6,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,082 | €4,509 | -€3,574 | -44.2% |
| Other operating charges | 640/8 | €2,066 | €1,043 | -€1,022 | -49.5% |
| Gross operating margin | 9900 | €14,030 | €18,700 | +€4,670 | +33.3% |
| Operating profit (loss) | 9901 | €3,882 | €13,148 | +€9,266 | +238.7% |
| Financial income | 75/76B | €128 | €84 | -€44 | -34.1% |
| Recurring financial income | 75 | €128 | €84 | -€44 | -34.1% |
| Financial charges | 65/66B | €2,029 | €523 | -€1,506 | -74.2% |
| Recurring financial charges | 65 | €2,029 | €523 | -€1,506 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €1,981 | €12,709 | +€10,729 | +541.7% |
| Income taxes | 67/77 | - | €1,115 | +€1,115 | |
| Profit (loss) for the period | 9904 | €1,981 | €11,594 | +€9,614 | +485.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,981 | €11,594 | +€9,614 | +485.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.