FAEXE: 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.
FAEXE
Largest movements
- Receivables within one year +€51,658
up €51,658 (+89.2%), from €57,890 to €109,548
of which Trade receivables: +€60,990
- Cash +€5,847
up €5,847 (+1559.1%), from €375 to €6,222
mainly Net result for the year (+€38,836) and Tax, wage and social debts (+€11,083)
- Profit (loss) carried forward +€38,003
up €38,003 (+47.6%), from €79,903 to €117,906
- Tax, wage and social debts +€11,083
up €11,083 (+50.8%), from €21,802 to €32,885
of which Taxes: +€9,259
- Other debts +€5,468
up €5,468 (+1542.5%), from €355 to €5,823
- Trade debts +€2,106
up €2,106 (+135.2%), from €1,557 to €3,664
- Gross operating margin -€53,528
down €53,528 (-51.2%), from €104,447 to €50,919
- Taxes -€9,833
down €9,833 (-48.1%), from €20,447 to €10,614
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 | €106,617 | €163,278 | +€56,660 | +53.1% |
| Fixed assets | 21/28 | €3,352 | €2,508 | -€844 | -25.2% |
| Tangible fixed assets | 22/27 | €3,352 | €2,508 | -€844 | -25.2% |
| Furniture and vehicles | 24 | €3,352 | €2,508 | -€844 | -25.2% |
| Current assets | 29/58 | €103,265 | €160,770 | +€57,505 | +55.7% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,890 | €109,548 | +€51,658 | +89.2% |
| Trade receivables | 40 | €47,111 | €108,101 | +€60,990 | +129.5% |
| Other amounts receivable | 41 | €10,779 | €1,447 | -€9,332 | -86.6% |
| Cash at bank and in hand | 54/58 | €375 | €6,222 | +€5,847 | +1559.1% |
| Total equity and liabilities | 10/49 | €106,617 | €163,278 | +€56,660 | +53.1% |
| Equity | 10/15 | €82,903 | €120,906 | +€38,003 | +45.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,903 | €117,906 | +€38,003 | +47.6% |
| Amounts payable | 17/49 | €23,714 | €42,371 | +€18,657 | +78.7% |
| Amounts payable within one year | 42/48 | €23,714 | €42,371 | +€18,657 | +78.7% |
| Trade debts | 44 | €1,557 | €3,664 | +€2,106 | +135.2% |
| Suppliers | 440/4 | €1,557 | €3,664 | +€2,106 | +135.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €21,802 | €32,885 | +€11,083 | +50.8% |
| Taxes | 450/3 | €21,802 | €31,061 | +€9,259 | +42.5% |
| Remuneration and social security | 454/9 | - | €1,824 | +€1,824 | |
| Other amounts payable | 47/48 | €355 | €5,823 | +€5,468 | +1542.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €844 | €844 | = | 0.0% |
| Other operating charges | 640/8 | €645 | €515 | -€130 | -20.1% |
| Non-recurring operating charges | 66A | - | €210 | +€210 | |
| Gross operating margin | 9900 | €104,447 | €50,919 | -€53,528 | -51.2% |
| Operating profit (loss) | 9901 | €102,958 | €49,349 | -€53,609 | -52.1% |
| Financial income | 75/76B | €54 | €301 | +€247 | +455.0% |
| Recurring financial income | 75 | €54 | €301 | +€247 | +455.0% |
| Financial charges | 65/66B | €27 | €200 | +€173 | +641.1% |
| Recurring financial charges | 65 | €27 | €200 | +€173 | +641.1% |
| Profit (loss) for the period before taxes | 9903 | €102,985 | €49,450 | -€53,535 | -52.0% |
| Income taxes | 67/77 | €20,447 | €10,614 | -€9,833 | -48.1% |
| Profit (loss) for the period | 9904 | €82,538 | €38,836 | -€43,701 | -52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,538 | €38,836 | -€43,701 | -52.9% |
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 28 September 2026 via checked.be.