FAKO 2: 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.
FAKO 2
Largest movements
- Receivables within one year -€55,822
down €55,822 (-49.1%), from €113,706 to €57,883
of which Trade receivables: -€35,904
- Deferred charges and accrued income +€24,714
up €24,714 (+109.0%), from €22,667 to €47,381
- Tangible fixed assets -€23,988
down €23,988 (-6.4%), from €372,021 to €348,033
of which Land and buildings: -€28,107
- Tax, wage and social debts -€127,680
down €127,680 (-87.1%), from €146,509 to €18,830
- Reserves +€79,234
up €79,234 (+5.3%), from €1.5m to €1.6m
- Other debts +€39,318
up €39,318 (+16460.7%), from €239 to €39,557
- Trade debts -€33,978
down €33,978 (-82.5%), from €41,185 to €7,207
- Gross operating margin -€30,420
down €30,420 (-15.7%), from €194,346 to €163,926
- Financial income -€11,547
down €11,547 (-10.9%), from €106,317 to €94,770
of which Financial income: -€11,547
- Depreciation +€4,499
up €4,499 (+11.0%), from €40,760 to €45,260
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 | €1,862,421 | €1,804,351 | -€58,070 | -3.1% |
| Fixed assets | 21/28 | €372,021 | €348,033 | -€23,988 | -6.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €372,021 | €348,033 | -€23,988 | -6.4% |
| Land and buildings | 22 | €350,803 | €322,696 | -€28,107 | -8.0% |
| Plant, machinery and equipment | 23 | €19,854 | €19,832 | -€22 | -0.1% |
| Furniture and vehicles | 24 | €1,364 | €5,506 | +€4,142 | +303.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,490,400 | €1,456,318 | -€34,083 | -2.3% |
| Amounts receivable after more than one year | 29 | €380,000 | €377,573 | -€2,427 | -0.6% |
| Trade receivables | 290 | €5,000 | €2,573 | -€2,427 | -48.5% |
| Other amounts receivable | 291 | €375,000 | €375,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €113,706 | €57,883 | -€55,822 | -49.1% |
| Trade receivables | 40 | €89,206 | €53,302 | -€35,904 | -40.2% |
| Other amounts receivable | 41 | €24,500 | €4,582 | -€19,918 | -81.3% |
| Current investments | 50/53 | €954,139 | €961,202 | +€7,063 | +0.7% |
| Cash at bank and in hand | 54/58 | €19,889 | €12,279 | -€7,610 | -38.3% |
| Deferred charges and accrued income | 490/1 | €22,667 | €47,381 | +€24,714 | +109.0% |
| Total equity and liabilities | 10/49 | €1,862,421 | €1,804,351 | -€58,070 | -3.1% |
| Equity | 10/15 | €1,507,292 | €1,586,526 | +€79,234 | +5.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,500,792 | €1,580,026 | +€79,234 | +5.3% |
| Distributable reserves | 133 | €1,500,792 | €1,580,026 | +€79,234 | +5.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €355,129 | €217,825 | -€137,304 | -38.7% |
| Amounts payable after more than one year | 17 | €152,231 | €137,019 | -€15,213 | -10.0% |
| Financial debts | 170/4 | €152,231 | €137,019 | -€15,213 | -10.0% |
| Amounts payable within one year | 42/48 | €202,898 | €80,807 | -€122,091 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €14,964 | €15,213 | +€249 | +1.7% |
| Trade debts | 44 | €41,185 | €7,207 | -€33,978 | -82.5% |
| Suppliers | 440/4 | €41,185 | €7,207 | -€33,978 | -82.5% |
| Taxes, remuneration and social security | 45 | €146,509 | €18,830 | -€127,680 | -87.1% |
| Taxes | 450/3 | €146,509 | €18,830 | -€127,680 | -87.1% |
| Other amounts payable | 47/48 | €239 | €39,557 | +€39,318 | +16460.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,760 | €45,260 | +€4,499 | +11.0% |
| Other operating charges | 640/8 | €4,709 | €4,854 | +€144 | +3.1% |
| Gross operating margin | 9900 | €194,346 | €163,926 | -€30,420 | -15.7% |
| Operating profit (loss) | 9901 | €148,876 | €113,813 | -€35,064 | -23.6% |
| Financial income | 75/76B | €106,317 | €94,770 | -€11,547 | -10.9% |
| Recurring financial income | 75 | €106,317 | €94,770 | -€11,547 | -10.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,883 | €6,487 | +€1,604 | +32.9% |
| Recurring financial charges | 65 | €4,883 | €6,487 | +€1,604 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €250,311 | €202,096 | -€48,215 | -19.3% |
| Income taxes | 67/77 | €57,438 | €56,358 | -€1,080 | -1.9% |
| Profit (loss) for the period | 9904 | €192,873 | €145,738 | -€47,135 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €192,873 | €145,738 | -€47,135 | -24.4% |
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 5 October 2026 via checked.be.