FAKTOR: 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.
FAKTOR
Largest movements
- Current investments +€250,744
new in 2025: €250,744
- Receivables within one year -€139,270
down €139,270 (-29.1%), from €478,579 to €339,309
of which Trade receivables: -€140,377
- Cash -€44,102
down €44,102 (-14.9%), from €295,121 to €251,019
- Other debts -€216,261
down €216,261 (-100%), from €216,261 to €0
- Reserves +€193,799
up €193,799 (+102%), from €190,000 to €383,799
- Trade debts +€65,099
up €65,099 (+27.3%), from €238,458 to €303,557
- Tax, wage and social debts +€30,536
up €30,536 (+26.6%), from €114,793 to €145,329
of which Taxes: +€19,099
- Staff costs +€235,818
up €235,818 (+335%), from €70,324 to €306,143
- Gross operating margin +€78,463
up €78,463 (+16.0%), from €489,916 to €568,379
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €779,728 | €852,685 | +€72,956 | +9.4% |
| Fixed assets | 21/28 | €5,401 | €7,875 | +€2,473 | +45.8% |
| Intangible fixed assets | 21 | €5,401 | €2,681 | -€2,720 | -50.4% |
| Tangible fixed assets | 22/27 | - | €5,193 | +€5,193 | |
| Furniture and vehicles | 24 | - | €5,193 | +€5,193 | |
| Current assets | 29/58 | €774,327 | €844,810 | +€70,483 | +9.1% |
| Amounts receivable within one year | 40/41 | €478,579 | €339,309 | -€139,270 | -29.1% |
| Trade receivables | 40 | €478,579 | €338,201 | -€140,377 | -29.3% |
| Other amounts receivable | 41 | - | €1,107 | +€1,107 | |
| Current investments | 50/53 | - | €250,744 | +€250,744 | |
| Cash at bank and in hand | 54/58 | €295,121 | €251,019 | -€44,102 | -14.9% |
| Deferred charges and accrued income | 490/1 | €628 | €3,739 | +€3,111 | +495% |
| Total equity and liabilities | 10/49 | €779,728 | €852,685 | +€72,956 | +9.4% |
| Equity | 10/15 | €210,216 | €403,799 | +€193,583 | +92.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €190,000 | €383,799 | +€193,799 | +102% |
| Distributable reserves | 133 | €190,000 | €383,799 | +€193,799 | +102% |
| Profit (loss) carried forward | 14 | €216 | €0 | -€216 | -100% |
| Amounts payable | 17/49 | €569,512 | €448,886 | -€120,626 | -21.2% |
| Amounts payable within one year | 42/48 | €569,512 | €448,886 | -€120,626 | -21.2% |
| Trade debts | 44 | €238,458 | €303,557 | +€65,099 | +27.3% |
| Suppliers | 440/4 | €238,458 | €303,557 | +€65,099 | +27.3% |
| Taxes, remuneration and social security | 45 | €114,793 | €145,329 | +€30,536 | +26.6% |
| Taxes | 450/3 | €105,168 | €124,268 | +€19,099 | +18.2% |
| Remuneration and social security | 454/9 | €9,625 | €21,061 | +€11,436 | +119% |
| Other amounts payable | 47/48 | €216,261 | €0 | -€216,261 | -100% |
| Remuneration, social security and pensions | 62 | €70,324 | €306,143 | +€235,818 | +335% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,760 | €3,992 | +€232 | +6.2% |
| Other operating charges | 640/8 | €179 | €597 | +€418 | +233% |
| Gross operating margin | 9900 | €489,916 | €568,379 | +€78,463 | +16.0% |
| Operating profit (loss) | 9901 | €415,653 | €257,648 | -€158,005 | -38.0% |
| Financial income | 75/76B | - | €2,413 | +€2,413 | |
| Recurring financial income | 75 | - | €2,413 | +€2,413 | |
| Financial charges | 65/66B | €344 | €3,054 | +€2,709 | +787% |
| Recurring financial charges | 65 | €344 | €3,054 | +€2,709 | +787% |
| Profit (loss) for the period before taxes | 9903 | €415,309 | €257,007 | -€158,302 | -38.1% |
| Income taxes | 67/77 | €58,831 | €63,424 | +€4,593 | +7.8% |
| Profit (loss) for the period | 9904 | €356,478 | €193,583 | -€162,895 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €356,478 | €193,583 | -€162,895 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.