FAFICO: 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.
FAFICO
Largest movements
- Tangible fixed assets +€29,754
up €29,754 (+108.5%), from €27,434 to €57,188
of which Furniture and vehicles: +€45,874
- Cash +€5,634
up €5,634 (+8.5%), from €66,213 to €71,847
mainly Net result for the year (+€159,495) and Other debts (+€66,875)
- Receivables within one year +€4,359
up €4,359 (+19.8%), from €21,972 to €26,332
- Financial fixed assets -€4,000
down €4,000 (-15.2%), from €26,300 to €22,300
- Other debts +€66,875
up €66,875 (+122.4%), from €54,625 to €121,500
- Profit (loss) carried forward -€29,680
down €29,680 (-99.4%), from €29,869 to €190
- Current portion of long-term debt -€13,260
no longer reported in 2025 (was €13,260)
- Tax, wage and social debts +€10,730
up €10,730 (+28.9%), from €37,092 to €47,822
- Gross operating margin +€22,834
up €22,834 (+11.0%), from €207,697 to €230,532
- Taxes +€7,544
up €7,544 (+18.5%), from €40,732 to €48,276
- Depreciation -€2,334
down €2,334 (-9.8%), from €23,722 to €21,388
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 | €141,919 | €177,667 | +€35,748 | +25.2% |
| Fixed assets | 21/28 | €53,734 | €79,488 | +€25,754 | +47.9% |
| Tangible fixed assets | 22/27 | €27,434 | €57,188 | +€29,754 | +108.5% |
| Plant, machinery and equipment | 23 | €3,576 | €1,920 | -€1,656 | -46.3% |
| Furniture and vehicles | 24 | €9,395 | €55,268 | +€45,874 | +488.3% |
| Leasing and similar rights | 25 | €14,463 | - | -€14,463 | |
| Financial fixed assets | 28 | €26,300 | €22,300 | -€4,000 | -15.2% |
| Current assets | 29/58 | €88,185 | €98,179 | +€9,994 | +11.3% |
| Amounts receivable within one year | 40/41 | €21,972 | €26,332 | +€4,359 | +19.8% |
| Trade receivables | 40 | €21,972 | €26,332 | +€4,359 | +19.8% |
| Cash at bank and in hand | 54/58 | €66,213 | €71,847 | +€5,634 | +8.5% |
| Total equity and liabilities | 10/49 | €141,919 | €177,667 | +€35,748 | +25.2% |
| Equity | 10/15 | €36,644 | €6,964 | -€29,680 | -81.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €575 | €575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29 | €29 | = | 0.0% |
| Legal reserve | 130 | €29 | €29 | = | 0.0% |
| Distributable reserves | 133 | €546 | €546 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,869 | €190 | -€29,680 | -99.4% |
| Amounts payable | 17/49 | €105,275 | €170,703 | +€65,427 | +62.1% |
| Amounts payable within one year | 42/48 | €105,275 | €170,703 | +€65,427 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €13,260 | - | -€13,260 | |
| Trade debts | 44 | €298 | €1,381 | +€1,082 | +362.7% |
| Suppliers | 440/4 | €298 | €1,381 | +€1,082 | +362.7% |
| Taxes, remuneration and social security | 45 | €37,092 | €47,822 | +€10,730 | +28.9% |
| Taxes | 450/3 | €37,092 | €47,822 | +€10,730 | +28.9% |
| Other amounts payable | 47/48 | €54,625 | €121,500 | +€66,875 | +122.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,722 | €21,388 | -€2,334 | -9.8% |
| Other operating charges | 640/8 | €3,380 | €1,153 | -€2,227 | -65.9% |
| Gross operating margin | 9900 | €207,697 | €230,532 | +€22,834 | +11.0% |
| Operating profit (loss) | 9901 | €180,596 | €207,991 | +€27,395 | +15.2% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €405 | €219 | -€186 | -45.9% |
| Recurring financial charges | 65 | €405 | €219 | -€186 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €180,201 | €207,772 | +€27,571 | +15.3% |
| Income taxes | 67/77 | €40,732 | €48,276 | +€7,544 | +18.5% |
| Profit (loss) for the period | 9904 | €139,469 | €159,495 | +€20,026 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €139,469 | €159,495 | +€20,026 | +14.4% |
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 11 October 2026 via checked.be.