Faktion: 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.
Faktion
Largest movements
- Cash +€213,763
up €213,763 (+87.2%), from €245,030 to €458,792
mainly Net result for the year (+€161,108) and Trade debts (+€114,656)
- Deferred charges and accrued income +€81,678
up €81,678 (+201.1%), from €40,619 to €122,297
- Receivables within one year +€25,141
up €25,141 (+3.4%), from €746,823 to €771,964
of which Other amounts receivable: +€82,335
- Profit (loss) carried forward +€161,108
up €161,108 (+57.8%), from -€278,503 to -€117,396
- Trade debts +€114,656
up €114,656 (+80.9%), from €141,774 to €256,430
- Contributions +€75,000
up €75,000 (+14.0%), from €536,861 to €611,861
- Accrued charges and deferred income -€73,962
down €73,962 (-28.4%), from €260,356 to €186,394
- Debts after one year +€21,687
up €21,687 (+9.7%), from €222,828 to €244,515
- Staff costs +€423,709
up €423,709 (+23.2%), from €1.8m to €2.3m
- Gross operating margin +€324,084
up €324,084 (+14.4%), from €2.2m to €2.6m
- Other operating charges +€35,771
up €35,771 (+236.1%), from €15,153 to €50,924
- Depreciation -€29,328
down €29,328 (-31.7%), from €92,448 to €63,120
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 | €1,154,113 | €1,468,634 | +€314,521 | +27.3% |
| Fixed assets | 21/28 | €121,641 | €115,580 | -€6,061 | -5.0% |
| Intangible fixed assets | 21 | €74,864 | €66,365 | -€8,499 | -11.4% |
| Tangible fixed assets | 22/27 | €39,248 | €41,315 | +€2,067 | +5.3% |
| Land and buildings | 22 | €8,216 | €6,916 | -€1,301 | -15.8% |
| Plant, machinery and equipment | 23 | €714 | €440 | -€274 | -38.4% |
| Furniture and vehicles | 24 | €30,318 | €33,960 | +€3,642 | +12.0% |
| Financial fixed assets | 28 | €7,529 | €7,900 | +€371 | +4.9% |
| Current assets | 29/58 | €1,032,472 | €1,353,054 | +€320,582 | +31.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €746,823 | €771,964 | +€25,141 | +3.4% |
| Trade receivables | 40 | €742,350 | €685,156 | -€57,194 | -7.7% |
| Other amounts receivable | 41 | €4,473 | €86,808 | +€82,335 | +1840.7% |
| Cash at bank and in hand | 54/58 | €245,030 | €458,792 | +€213,763 | +87.2% |
| Deferred charges and accrued income | 490/1 | €40,619 | €122,297 | +€81,678 | +201.1% |
| Total equity and liabilities | 10/49 | €1,154,113 | €1,468,634 | +€314,521 | +27.3% |
| Equity | 10/15 | €307,527 | €543,635 | +€236,108 | +76.8% |
| Contributions | 10/11 | €536,861 | €611,861 | +€75,000 | +14.0% |
| Reserves | 13 | €49,169 | €49,169 | = | 0.0% |
| Tax-exempt reserves | 132 | €8 | €8 | = | 0.0% |
| Distributable reserves | 133 | €49,161 | €49,161 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,503 | -€117,396 | +€161,108 | +57.8% |
| Amounts payable | 17/49 | €846,586 | €924,999 | +€78,413 | +9.3% |
| Amounts payable after more than one year | 17 | €222,828 | €244,515 | +€21,687 | +9.7% |
| Other amounts payable | 178/9 | €222,828 | €244,515 | +€21,687 | +9.7% |
| Amounts payable within one year | 42/48 | €363,401 | €494,090 | +€130,689 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,696 | +€4,696 | |
| Trade debts | 44 | €141,774 | €256,430 | +€114,656 | +80.9% |
| Suppliers | 440/4 | €141,774 | €256,430 | +€114,656 | +80.9% |
| Taxes, remuneration and social security | 45 | €221,627 | €232,964 | +€11,337 | +5.1% |
| Taxes | 450/3 | €38,242 | €29,616 | -€8,626 | -22.6% |
| Remuneration and social security | 454/9 | €183,385 | €203,349 | +€19,963 | +10.9% |
| Accrued charges and deferred income | 492/3 | €260,356 | €186,394 | -€73,962 | -28.4% |
| Non-recurring operating income | 76A | €285,945 | €0 | -€285,945 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,828,275 | €2,251,985 | +€423,709 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,448 | €63,120 | -€29,328 | -31.7% |
| Other operating charges | 640/8 | €15,153 | €50,924 | +€35,771 | +236.1% |
| Non-recurring operating charges | 66A | €1,721 | €0 | -€1,721 | -100.0% |
| Gross operating margin | 9900 | €2,247,278 | €2,571,362 | +€324,084 | +14.4% |
| Operating profit (loss) | 9901 | €309,681 | €205,334 | -€104,348 | -33.7% |
| Financial income | 75/76B | €734 | €324 | -€410 | -55.8% |
| Recurring financial income | 75 | €734 | €324 | -€410 | -55.8% |
| Financial charges | 65/66B | €42,801 | €41,871 | -€931 | -2.2% |
| Recurring financial charges | 65 | €42,801 | €41,871 | -€931 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €267,614 | €163,787 | -€103,827 | -38.8% |
| Income taxes | 67/77 | €2,944 | €2,680 | -€265 | -9.0% |
| Profit (loss) for the period | 9904 | €264,670 | €161,108 | -€103,562 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €264,670 | €161,108 | -€103,562 | -39.1% |
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 9 October 2026 via checked.be.