FAHCCO: 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.
FAHCCO
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Tangible fixed assets -€16,392
down €16,392 (-7.9%), from €207,176 to €190,784
- Receivables within one year -€9,733
down €9,733 (-86.2%), from €11,293 to €1,560
of which Trade receivables: -€9,748
- Cash -€4,520
down €4,520 (-3.1%), from €146,891 to €142,371
mainly Current investments (-€80,000) and Contributions, distributions and other (-€30,000)
- Other debts +€29,190
up €29,190 (+58.4%), from €50,000 to €79,190
- Tax, wage and social debts +€16,548
up €16,548 (+89.8%), from €18,431 to €34,979
of which Taxes: +€16,548
- Reserves +€9,908
up €9,908 (+3.5%), from €283,588 to €293,497
of which Distributable reserves: +€9,908
- Profit (loss) carried forward -€4,680
down €4,680 (-95.4%), from €4,908 to €228
- Gross operating margin +€3,817
up €3,817 (+5.6%), from €68,743 to €72,560
- Taxes +€2,067
up €2,067 (+12.5%), from €16,506 to €18,573
- Depreciation +€1,751
up €1,751 (+12.0%), from €14,641 to €16,392
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 | €366,938 | €416,302 | +€49,364 | +13.5% |
| Fixed assets | 21/28 | €207,176 | €190,784 | -€16,392 | -7.9% |
| Tangible fixed assets | 22/27 | €207,176 | €190,784 | -€16,392 | -7.9% |
| Land and buildings | 22 | €148,200 | €142,080 | -€6,120 | -4.1% |
| Plant, machinery and equipment | 23 | €41,607 | €35,937 | -€5,671 | -13.6% |
| Furniture and vehicles | 24 | €17,369 | €12,767 | -€4,602 | -26.5% |
| Current assets | 29/58 | €159,762 | €225,518 | +€65,756 | +41.2% |
| Amounts receivable within one year | 40/41 | €11,293 | €1,560 | -€9,733 | -86.2% |
| Trade receivables | 40 | €11,257 | €1,509 | -€9,748 | -86.6% |
| Other amounts receivable | 41 | €37 | €51 | +€15 | +40.2% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €146,891 | €142,371 | -€4,520 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,578 | €1,587 | +€9 | +0.6% |
| Total equity and liabilities | 10/49 | €366,938 | €416,302 | +€49,364 | +13.5% |
| Equity | 10/15 | €296,557 | €301,785 | +€5,228 | +1.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €283,588 | €293,497 | +€9,908 | +3.5% |
| Tax-exempt reserves | 132 | €61,057 | €61,057 | = | 0.0% |
| Distributable reserves | 133 | €222,531 | €232,440 | +€9,908 | +4.5% |
| Profit (loss) carried forward | 14 | €4,908 | €228 | -€4,680 | -95.4% |
| Amounts payable | 17/49 | €70,381 | €114,517 | +€44,136 | +62.7% |
| Amounts payable within one year | 42/48 | €70,344 | €114,491 | +€44,147 | +62.8% |
| Trade debts | 44 | €1,913 | €323 | -€1,591 | -83.1% |
| Suppliers | 440/4 | €1,913 | €323 | -€1,591 | -83.1% |
| Taxes, remuneration and social security | 45 | €18,431 | €34,979 | +€16,548 | +89.8% |
| Taxes | 450/3 | €14,981 | €31,529 | +€16,548 | +110.5% |
| Remuneration and social security | 454/9 | €3,450 | €3,450 | = | 0.0% |
| Other amounts payable | 47/48 | €50,000 | €79,190 | +€29,190 | +58.4% |
| Accrued charges and deferred income | 492/3 | €37 | €25 | -€12 | -31.3% |
| Remuneration, social security and pensions | 62 | €80 | -€122 | -€203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,641 | €16,392 | +€1,751 | +12.0% |
| Other operating charges | 640/8 | €2,586 | €2,446 | -€139 | -5.4% |
| Gross operating margin | 9900 | €68,743 | €72,560 | +€3,817 | +5.6% |
| Operating profit (loss) | 9901 | €51,436 | €53,844 | +€2,408 | +4.7% |
| Financial income | 75/76B | €264 | €224 | -€40 | -15.1% |
| Recurring financial income | 75 | €264 | €224 | -€40 | -15.1% |
| Financial charges | 65/66B | €285 | €266 | -€19 | -6.7% |
| Recurring financial charges | 65 | €285 | €266 | -€19 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €51,415 | €53,802 | +€2,387 | +4.6% |
| Income taxes | 67/77 | €16,506 | €18,573 | +€2,067 | +12.5% |
| Profit (loss) for the period | 9904 | €34,908 | €35,228 | +€320 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,908 | €35,228 | +€320 | +0.9% |
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 6 October 2026 via checked.be.