FAKAPAPA: 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.
FAKAPAPA
Largest movements
- Stocks and contracts +€84,340
up €84,340 (+27.4%), from €307,750 to €392,090
- Deferred charges and accrued income +€7,974
new in 2025: €7,974
- Cash +€7,722
up €7,722 (+25.8%), from €29,981 to €37,702
mainly Net result for the year (+€112,031) and Tax, wage and social debts (+€11,986)
- Profit (loss) carried forward +€112,031
up €112,031 (+72.8%), from €153,798 to €265,828
- Tax, wage and social debts +€11,986
up €11,986 (+59.6%), from €20,104 to €32,090
- Other debts -€11,791
down €11,791 (-10.3%), from €114,325 to €102,535
- Accrued charges and deferred income -€8,919
down €8,919 (-95.2%), from €9,368 to €449
- Taxes +€14,149
up €14,149 (+56.9%), from €24,870 to €39,019
- Gross operating margin +€13,623
up €13,623 (+9.2%), from €148,009 to €161,631
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 | €356,594 | €455,991 | +€99,397 | +27.9% |
| Fixed assets | 21/28 | €1,871 | €2,930 | +€1,059 | +56.6% |
| Tangible fixed assets | 22/27 | €1,846 | €2,905 | +€1,059 | +57.4% |
| Plant, machinery and equipment | 23 | €1,488 | €1,051 | -€437 | -29.4% |
| Furniture and vehicles | 24 | €358 | €1,853 | +€1,496 | +418% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €354,723 | €453,061 | +€98,339 | +27.7% |
| Stocks and contracts in progress | 3 | €307,750 | €392,090 | +€84,340 | +27.4% |
| Stocks | 30/36 | €307,750 | €392,090 | +€84,340 | +27.4% |
| Amounts receivable within one year | 40/41 | €16,992 | €15,295 | -€1,697 | -10.0% |
| Trade receivables | 40 | €16,861 | €15,165 | -€1,697 | -10.1% |
| Other amounts receivable | 41 | €130 | €130 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €29,981 | €37,702 | +€7,722 | +25.8% |
| Deferred charges and accrued income | 490/1 | - | €7,974 | +€7,974 | |
| Total equity and liabilities | 10/49 | €356,594 | €455,991 | +€99,397 | +27.9% |
| Equity | 10/15 | €204,798 | €316,828 | +€112,031 | +54.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €153,798 | €265,828 | +€112,031 | +72.8% |
| Amounts payable | 17/49 | €151,796 | €139,162 | -€12,633 | -8.3% |
| Amounts payable within one year | 42/48 | €142,428 | €138,714 | -€3,714 | -2.6% |
| Trade debts | 44 | €7,998 | €4,090 | -€3,909 | -48.9% |
| Suppliers | 440/4 | €7,998 | €4,090 | -€3,909 | -48.9% |
| Taxes, remuneration and social security | 45 | €20,104 | €32,090 | +€11,986 | +59.6% |
| Taxes | 450/3 | €20,104 | €32,090 | +€11,986 | +59.6% |
| Other amounts payable | 47/48 | €114,325 | €102,535 | -€11,791 | -10.3% |
| Accrued charges and deferred income | 492/3 | €9,368 | €449 | -€8,919 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375 | €677 | +€302 | +80.6% |
| Other operating charges | 640/8 | €249 | €843 | +€593 | +238% |
| Non-recurring operating charges | 66A | €19,988 | €0 | -€19,988 | -100% |
| Gross operating margin | 9900 | €148,009 | €161,631 | +€13,623 | +9.2% |
| Operating profit (loss) | 9901 | €127,396 | €160,111 | +€32,715 | +25.7% |
| Financial income | 75/76B | €17 | €2 | -€15 | -87.4% |
| Recurring financial income | 75 | €17 | €2 | -€15 | -87.4% |
| Financial charges | 65/66B | €9,588 | €9,064 | -€523 | -5.5% |
| Recurring financial charges | 65 | €9,588 | €9,064 | -€523 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €117,825 | €151,049 | +€33,224 | +28.2% |
| Income taxes | 67/77 | €24,870 | €39,019 | +€14,149 | +56.9% |
| Profit (loss) for the period | 9904 | €92,956 | €112,031 | +€19,075 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €92,956 | €112,031 | +€19,075 | +20.5% |
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 22 October 2026 via checked.be.