Fairy Tale: 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.
Fairy Tale
Largest movements
- Cash +€450,352
up €450,352 (+440%), from €102,363 to €552,716
mainly Investment in fixed assets (net) (+€402,058) and Other debts (+€275,842)
- Financial fixed assets -€415,008
down €415,008 (-96.8%), from €428,833 to €13,825
- Current investments +€175,000
new in 2025: €175,000
- Tangible fixed assets +€9,519
up €9,519 (+1,984%), from €480 to €9,998
- Receivables within one year +€8,301
up €8,301 (+45.7%), from €18,162 to €26,463
of which Other amounts receivable: +€5,216
- Other debts +€275,842
up €275,842 (+63,833%), from €432 to €276,274
- Reserves -€70,000
down €70,000 (-52.6%), from €133,150 to €63,150
- Profit (loss) carried forward +€48,415
up €48,415 (+48.5%), from €99,889 to €148,305
- Debts after one year -€36,632
down €36,632 (-13.7%), from €268,343 to €231,711
- Provisions +€15,000
new in 2025: €15,000
- Financial income +€178,613
up €178,613 (+536%), from €33,333 to €211,946
of which Financial income: +€106,946
- Financial charges +€14,489
up €14,489 (+268%), from €5,411 to €19,901
- Gross operating margin +€5,816
up €5,816 (+7.5%), from €77,979 to €83,796
- Taxes +€3,988
up €3,988 (+30.0%), from €13,284 to €17,272
- Depreciation +€3,109
up €3,109 (+964%), from €323 to €3,431
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.
Derived cash bridge
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 | €551,013 | €782,263 | +€231,250 | +42.0% |
| Fixed assets | 21/28 | €429,313 | €23,823 | -€405,490 | -94.5% |
| Tangible fixed assets | 22/27 | €480 | €9,998 | +€9,519 | +1,984% |
| Furniture and vehicles | 24 | €480 | €9,998 | +€9,519 | +1,984% |
| Financial fixed assets | 28 | €428,833 | €13,825 | -€415,008 | -96.8% |
| Current assets | 29/58 | €121,700 | €758,440 | +€636,740 | +523% |
| Amounts receivable within one year | 40/41 | €18,162 | €26,463 | +€8,301 | +45.7% |
| Trade receivables | 40 | €18,150 | €21,235 | +€3,085 | +17.0% |
| Other amounts receivable | 41 | €12 | €5,228 | +€5,216 | +43,431% |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €102,363 | €552,716 | +€450,352 | +440% |
| Deferred charges and accrued income | 490/1 | €1,175 | €4,261 | +€3,087 | +263% |
| Total equity and liabilities | 10/49 | €551,013 | €782,263 | +€231,250 | +42.0% |
| Equity | 10/15 | €239,239 | €217,654 | -€21,585 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,150 | €63,150 | -€70,000 | -52.6% |
| Distributable reserves | 133 | €133,150 | €63,150 | -€70,000 | -52.6% |
| Profit (loss) carried forward | 14 | €99,889 | €148,305 | +€48,415 | +48.5% |
| Provisions and deferred taxes | 16 | - | €15,000 | +€15,000 | |
| Provisions for liabilities and charges | 160/5 | - | €15,000 | +€15,000 | |
| Other liabilities and charges | 164/5 | - | €15,000 | +€15,000 | |
| Amounts payable | 17/49 | €311,774 | €549,609 | +€237,835 | +76.3% |
| Amounts payable after more than one year | 17 | €268,343 | €231,711 | -€36,632 | -13.7% |
| Financial debts | 170/4 | €268,343 | €231,711 | -€36,632 | -13.7% |
| Amounts payable within one year | 42/48 | €43,432 | €317,898 | +€274,467 | +632% |
| Current portion of amounts payable after more than one year | 42 | €36,087 | €36,632 | +€545 | +1.5% |
| Financial debts | 43 | €89 | €397 | +€308 | +345% |
| Credit institutions | 430/8 | €89 | €397 | +€308 | +345% |
| Trade debts | 44 | €1,004 | €755 | -€249 | -24.8% |
| Suppliers | 440/4 | €1,004 | €755 | -€249 | -24.8% |
| Taxes, remuneration and social security | 45 | €5,819 | €3,840 | -€1,979 | -34.0% |
| Taxes | 450/3 | €5,819 | €3,840 | -€1,979 | -34.0% |
| Other amounts payable | 47/48 | €432 | €276,274 | +€275,842 | +63,833% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €323 | €3,431 | +€3,109 | +964% |
| Other operating charges | 640/8 | €427 | €723 | +€295 | +69.1% |
| Non-recurring operating charges | 66A | €264 | €0 | -€264 | -100% |
| Gross operating margin | 9900 | €77,979 | €83,796 | +€5,816 | +7.5% |
| Operating profit (loss) | 9901 | €76,966 | €79,642 | +€2,676 | +3.5% |
| Financial income | 75/76B | €33,333 | €211,946 | +€178,613 | +536% |
| Recurring financial income | 75 | €33,333 | €140,279 | +€106,946 | +321% |
| Non-recurring financial income | 76B | - | €71,667 | +€71,667 | |
| Financial charges | 65/66B | €5,411 | €19,901 | +€14,489 | +268% |
| Recurring financial charges | 65 | €5,411 | €19,901 | +€14,489 | +268% |
| Profit (loss) for the period before taxes | 9903 | €104,888 | €271,687 | +€166,800 | +159% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €13,284 | €17,272 | +€3,988 | +30.0% |
| Profit (loss) for the period | 9904 | €91,603 | €254,415 | +€162,812 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €91,603 | €254,415 | +€162,812 | +178% |
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 18 October 2026 via checked.be.