FAKS: 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.
FAKS
Largest movements
- Cash +€50,548
up €50,548 (+56.4%), from €89,656 to €140,205
mainly Net result for the year (+€161,960) and Other debts (+€70,104)
- Receivables within one year +€43,078
up €43,078 (+61.8%), from €69,753 to €112,831
of which Trade receivables: +€39,243
- Tangible fixed assets +€6,580
up €6,580 (+13,413%), from €49 to €6,629
of which Furniture and vehicles: +€6,629
- Other debts +€70,104
up €70,104 (+44.1%), from €158,828 to €228,931
- Profit (loss) carried forward +€32,806
up €32,806, from €0 to €32,806
- Tax, wage and social debts +€5,543
up €5,543 (+27.3%), from €20,337 to €25,880
of which Taxes: +€7,385
- Current portion of long-term debt -€5,217
down €5,217 (-100%), from €5,217 to €0
- Gross operating margin +€77,128
up €77,128 (+52.7%), from €146,221 to €223,349
- Taxes +€20,713
up €20,713 (+55.8%), from €37,100 to €57,813
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 | €311,074 | €413,960 | +€102,886 | +33.1% |
| Fixed assets | 21/28 | €150,049 | €156,629 | +€6,580 | +4.4% |
| Tangible fixed assets | 22/27 | €49 | €6,629 | +€6,580 | +13,413% |
| Plant, machinery and equipment | 23 | €49 | €0 | -€49 | -100% |
| Furniture and vehicles | 24 | - | €6,629 | +€6,629 | |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €161,025 | €257,331 | +€96,306 | +59.8% |
| Amounts receivable within one year | 40/41 | €69,753 | €112,831 | +€43,078 | +61.8% |
| Trade receivables | 40 | €64,853 | €104,096 | +€39,243 | +60.5% |
| Other amounts receivable | 41 | €4,900 | €8,735 | +€3,835 | +78.3% |
| Cash at bank and in hand | 54/58 | €89,656 | €140,205 | +€50,548 | +56.4% |
| Deferred charges and accrued income | 490/1 | €1,616 | €4,296 | +€2,680 | +166% |
| Total equity and liabilities | 10/49 | €311,074 | €413,960 | +€102,886 | +33.1% |
| Equity | 10/15 | €125,794 | €158,600 | +€32,806 | +26.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,194 | €107,194 | = | 0.0% |
| Distributable reserves | 133 | €107,194 | €107,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €32,806 | +€32,806 | |
| Amounts payable | 17/49 | €185,280 | €255,360 | +€70,080 | +37.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €185,280 | €255,360 | +€70,080 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €5,217 | €0 | -€5,217 | -100% |
| Financial debts | 43 | €2 | €47 | +€45 | +2,260% |
| Credit institutions | 430/8 | €2 | €47 | +€45 | +2,260% |
| Trade debts | 44 | €897 | €502 | -€395 | -44.0% |
| Suppliers | 440/4 | €897 | €502 | -€395 | -44.0% |
| Taxes, remuneration and social security | 45 | €20,337 | €25,880 | +€5,543 | +27.3% |
| Taxes | 450/3 | €18,495 | €25,880 | +€7,385 | +39.9% |
| Remuneration and social security | 454/9 | €1,842 | €0 | -€1,842 | -100% |
| Other amounts payable | 47/48 | €158,828 | €228,931 | +€70,104 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437 | €320 | -€117 | -26.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €146,221 | €223,349 | +€77,128 | +52.7% |
| Operating profit (loss) | 9901 | €145,279 | €222,509 | +€77,231 | +53.2% |
| Financial income | 75/76B | €0 | €18 | +€18 | |
| Recurring financial income | 75 | €0 | €18 | +€18 | |
| Financial charges | 65/66B | €985 | €2,754 | +€1,769 | +180% |
| Recurring financial charges | 65 | €985 | €2,754 | +€1,769 | +180% |
| Profit (loss) for the period before taxes | 9903 | €144,294 | €219,773 | +€75,479 | +52.3% |
| Income taxes | 67/77 | €37,100 | €57,813 | +€20,713 | +55.8% |
| Profit (loss) for the period | 9904 | €107,194 | €161,960 | +€54,766 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,194 | €161,960 | +€54,766 | +51.1% |
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 25 October 2026 via checked.be.