FAKANE: 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.
FAKANE
Largest movements
- Stocks and contracts +€348,375
new in 2025: €348,375
- Receivables within one year +€207,200
up €207,200 (+28.0%), from €740,338 to €947,538
of which Trade receivables: +€522,810
- Cash -€52,235
down €52,235 (-43.3%), from €120,555 to €68,321
mainly Stocks and contracts (-€348,375) and Receivables within one year (-€207,200)
- Advances received +€390,000
new in 2025: €390,000
- Reserves +€68,967
up €68,967 (+14.6%), from €472,868 to €541,835
of which Distributable reserves: +€68,967
- Other debts +€38,865
new in 2025: €38,865
- Short-term financial debts +€30,000
new in 2025: €30,000
- Trade debts -€29,905
down €29,905 (-8.6%), from €348,298 to €318,393
- Staff costs +€103,318
up €103,318 (+54.0%), from €191,219 to €294,537
- Gross operating margin +€26,893
up €26,893 (+6.5%), from €413,055 to €439,948
- Taxes -€22,843
down €22,843 (-42.5%), from €53,789 to €30,946
- Depreciation -€11,879
down €11,879 (-26.7%), from €44,447 to €32,568
- Other operating charges +€5,103
up €5,103 (+51.6%), from €9,887 to €14,990
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 | €1,100,703 | €1,601,572 | +€500,869 | +45.5% |
| Fixed assets | 21/28 | €58,876 | €60,785 | +€1,910 | +3.2% |
| Intangible fixed assets | 21 | €5,624 | €4,217 | -€1,407 | -25.0% |
| Tangible fixed assets | 22/27 | €52,877 | €56,568 | +€3,691 | +7.0% |
| Land and buildings | 22 | €10,000 | €10,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,877 | €5,132 | -€2,745 | -34.9% |
| Furniture and vehicles | 24 | €35,000 | €41,437 | +€6,436 | +18.4% |
| Financial fixed assets | 28 | €374 | - | -€374 | |
| Current assets | 29/58 | €1,041,827 | €1,540,786 | +€498,959 | +47.9% |
| Amounts receivable after more than one year | 29 | €154,687 | €154,687 | = | 0.0% |
| Other amounts receivable | 291 | €154,687 | €154,687 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €348,375 | +€348,375 | |
| Stocks | 30/36 | - | €348,375 | +€348,375 | |
| Amounts receivable within one year | 40/41 | €740,338 | €947,538 | +€207,200 | +28.0% |
| Trade receivables | 40 | €346,039 | €868,848 | +€522,810 | +151% |
| Other amounts receivable | 41 | €394,299 | €78,690 | -€315,609 | -80.0% |
| Cash at bank and in hand | 54/58 | €120,555 | €68,321 | -€52,235 | -43.3% |
| Deferred charges and accrued income | 490/1 | €26,247 | €21,866 | -€4,381 | -16.7% |
| Total equity and liabilities | 10/49 | €1,100,703 | €1,601,572 | +€500,869 | +45.5% |
| Equity | 10/15 | €606,883 | €675,850 | +€68,967 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €472,868 | €541,835 | +€68,967 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €471,008 | €539,975 | +€68,967 | +14.6% |
| Profit (loss) carried forward | 14 | €121,615 | €121,615 | = | 0.0% |
| Amounts payable | 17/49 | €493,819 | €925,721 | +€431,902 | +87.5% |
| Amounts payable after more than one year | 17 | - | €10,646 | +€10,646 | |
| Financial debts | 170/4 | - | €10,646 | +€10,646 | |
| Amounts payable within one year | 42/48 | €476,757 | €909,061 | +€432,304 | +90.7% |
| Current portion of amounts payable after more than one year | 42 | €37,811 | €40,332 | +€2,521 | +6.7% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €348,298 | €318,393 | -€29,905 | -8.6% |
| Suppliers | 440/4 | €348,298 | €318,393 | -€29,905 | -8.6% |
| Advances received on contracts in progress | 46 | - | €390,000 | +€390,000 | |
| Taxes, remuneration and social security | 45 | €90,649 | €91,472 | +€824 | +0.9% |
| Taxes | 450/3 | €61,994 | €63,198 | +€1,204 | +1.9% |
| Remuneration and social security | 454/9 | €28,654 | €28,274 | -€380 | -1.3% |
| Other amounts payable | 47/48 | - | €38,865 | +€38,865 | |
| Accrued charges and deferred income | 492/3 | €17,062 | €6,014 | -€11,049 | -64.8% |
| Non-recurring operating income | 76A | - | €219 | +€219 | |
| Remuneration, social security and pensions | 62 | €191,219 | €294,537 | +€103,318 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,447 | €32,568 | -€11,879 | -26.7% |
| Other operating charges | 640/8 | €9,887 | €14,990 | +€5,103 | +51.6% |
| Gross operating margin | 9900 | €413,055 | €439,948 | +€26,893 | +6.5% |
| Operating profit (loss) | 9901 | €167,503 | €97,854 | -€69,649 | -41.6% |
| Financial income | 75/76B | €7,394 | €5,692 | -€1,701 | -23.0% |
| Recurring financial income | 75 | €7,394 | €5,692 | -€1,701 | -23.0% |
| Financial charges | 65/66B | €4,339 | €3,633 | -€706 | -16.3% |
| Recurring financial charges | 65 | €4,339 | €3,633 | -€706 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €170,558 | €99,912 | -€70,645 | -41.4% |
| Income taxes | 67/77 | €53,789 | €30,946 | -€22,843 | -42.5% |
| Profit (loss) for the period | 9904 | €116,769 | €68,967 | -€47,802 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,769 | €68,967 | -€47,802 | -40.9% |
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 27 October 2026 via checked.be.