FAKKEL: 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.
FAKKEL
Largest movements
- Tangible fixed assets -€18,309
down €18,309 (-7.6%), from €241,328 to €223,019
of which Furniture and vehicles: -€10,664
- Cash +€15,344
up €15,344 (+38.2%), from €40,119 to €55,462
mainly Depreciation (+€18,309) and Receivables within one year (+€11,702)
- Receivables within one year -€11,702
down €11,702 (-47.2%), from €24,812 to €13,110
of which Other amounts receivable: -€8,939
- Profit (loss) carried forward -€11,491
down €11,491 (-51.3%), from -€22,388 to -€33,879
- Gross operating margin -€3,163
down €3,163 (-25.9%), from €12,235 to €9,072
- Other operating charges -€2,734
down €2,734 (-56.1%), from €4,873 to €2,140
- Depreciation +€619
up €619 (+3.5%), from €17,689 to €18,309
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 | €307,865 | €292,463 | -€15,402 | -5.0% |
| Fixed assets | 21/28 | €241,328 | €223,019 | -€18,309 | -7.6% |
| Tangible fixed assets | 22/27 | €241,328 | €223,019 | -€18,309 | -7.6% |
| Land and buildings | 22 | €180,909 | €175,455 | -€5,455 | -3.0% |
| Plant, machinery and equipment | 23 | €4,383 | €3,914 | -€469 | -10.7% |
| Furniture and vehicles | 24 | €50,590 | €39,926 | -€10,664 | -21.1% |
| Other tangible fixed assets | 26 | €5,446 | €3,725 | -€1,721 | -31.6% |
| Current assets | 29/58 | €66,538 | €69,444 | +€2,907 | +4.4% |
| Amounts receivable within one year | 40/41 | €24,812 | €13,110 | -€11,702 | -47.2% |
| Trade receivables | 40 | €4,743 | €1,979 | -€2,764 | -58.3% |
| Other amounts receivable | 41 | €20,069 | €11,131 | -€8,939 | -44.5% |
| Cash at bank and in hand | 54/58 | €40,119 | €55,462 | +€15,344 | +38.2% |
| Deferred charges and accrued income | 490/1 | €1,607 | €872 | -€735 | -45.7% |
| Total equity and liabilities | 10/49 | €307,865 | €292,463 | -€15,402 | -5.0% |
| Equity | 10/15 | €290,542 | €279,051 | -€11,491 | -4.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €292,930 | €292,930 | = | 0.0% |
| Distributable reserves | 133 | €292,930 | €292,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,388 | -€33,879 | -€11,491 | -51.3% |
| Amounts payable | 17/49 | €17,323 | €13,412 | -€3,911 | -22.6% |
| Amounts payable within one year | 42/48 | €17,323 | €13,412 | -€3,911 | -22.6% |
| Financial debts | 43 | €1,250 | €1,250 | = | 0.0% |
| Credit institutions | 430/8 | €1,250 | €1,250 | = | 0.0% |
| Trade debts | 44 | €3,679 | €1,214 | -€2,465 | -67.0% |
| Suppliers | 440/4 | €3,679 | €1,214 | -€2,465 | -67.0% |
| Other amounts payable | 47/48 | €12,394 | €10,948 | -€1,446 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,689 | €18,309 | +€619 | +3.5% |
| Other operating charges | 640/8 | €4,873 | €2,140 | -€2,734 | -56.1% |
| Gross operating margin | 9900 | €12,235 | €9,072 | -€3,163 | -25.9% |
| Operating profit (loss) | 9901 | -€10,327 | -€11,376 | -€1,049 | -10.2% |
| Financial income | 75/76B | €219 | €276 | +€57 | +26.1% |
| Recurring financial income | 75 | €219 | €276 | +€57 | +26.1% |
| Financial charges | 65/66B | €371 | €391 | +€20 | +5.4% |
| Recurring financial charges | 65 | €371 | €391 | +€20 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,480 | -€11,491 | -€1,012 | -9.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,480 | -€11,491 | -€1,012 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,480 | -€11,491 | -€1,012 | -9.7% |
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.