Faktor 50: 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 50
Largest movements
- Receivables within one year +€10,000
new in 2025: €10,000
- Cash +€4,547
up €4,547 (+17.3%), from €26,346 to €30,892
mainly Net result for the year (+€12,869) and Other debts (+€3,870)
- Tangible fixed assets +€2,373
new in 2025: €2,373
- Reserves +€12,869
up €12,869 (+115%), from €11,234 to €24,103
- Other debts +€3,870
up €3,870 (+145%), from €2,663 to €6,533
- Gross operating margin +€5,629
up €5,629 (+43.0%), from €13,105 to €18,734
- Taxes +€883
up €883 (+24.2%), from €3,647 to €4,531
- Staff costs +€740
new in 2025: €740
- Other operating charges -€499
down €499 (-70.7%), from €706 to €207
- Depreciation +€264
new in 2025: €264
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 | €26,346 | €43,265 | +€16,920 | +64.2% |
| Fixed assets | 21/28 | - | €2,373 | +€2,373 | |
| Tangible fixed assets | 22/27 | - | €2,373 | +€2,373 | |
| Furniture and vehicles | 24 | - | €2,373 | +€2,373 | |
| Current assets | 29/58 | €26,346 | €40,892 | +€14,547 | +55.2% |
| Amounts receivable within one year | 40/41 | - | €10,000 | +€10,000 | |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €26,346 | €30,892 | +€4,547 | +17.3% |
| Total equity and liabilities | 10/49 | €26,346 | €43,265 | +€16,920 | +64.2% |
| Equity | 10/15 | €18,734 | €31,603 | +€12,869 | +68.7% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €11,234 | €24,103 | +€12,869 | +115% |
| Distributable reserves | 133 | €11,234 | €24,103 | +€12,869 | +115% |
| Amounts payable | 17/49 | €7,612 | €11,662 | +€4,051 | +53.2% |
| Amounts payable within one year | 42/48 | €7,612 | €11,662 | +€4,051 | +53.2% |
| Trade debts | 44 | €27 | €27 | +€1 | +2.4% |
| Suppliers | 440/4 | €27 | €27 | +€1 | +2.4% |
| Taxes, remuneration and social security | 45 | €4,922 | €5,102 | +€180 | +3.7% |
| Taxes | 450/3 | €4,922 | €5,102 | +€180 | +3.7% |
| Other amounts payable | 47/48 | €2,663 | €6,533 | +€3,870 | +145% |
| Remuneration, social security and pensions | 62 | - | €740 | +€740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €264 | +€264 | |
| Other operating charges | 640/8 | €706 | €207 | -€499 | -70.7% |
| Gross operating margin | 9900 | €13,105 | €18,734 | +€5,629 | +43.0% |
| Operating profit (loss) | 9901 | €12,400 | €17,524 | +€5,124 | +41.3% |
| Financial income | 75/76B | €4 | €1 | -€3 | -77.3% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -77.3% |
| Financial charges | 65/66B | €39 | €125 | +€86 | +219% |
| Recurring financial charges | 65 | €39 | €125 | +€86 | +219% |
| Profit (loss) for the period before taxes | 9903 | €12,364 | €17,400 | +€5,036 | +40.7% |
| Income taxes | 67/77 | €3,647 | €4,531 | +€883 | +24.2% |
| Profit (loss) for the period | 9904 | €8,717 | €12,869 | +€4,152 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,717 | €12,869 | +€4,152 | +47.6% |
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 16 October 2026 via checked.be.