Fama Construct: 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.
Fama Construct
Largest movements
- Receivables within one year +€17,161
up €17,161 (+53.7%), from €31,984 to €49,146
of which Trade receivables: +€11,301
- Tangible fixed assets -€14,437
down €14,437 (-37.3%), from €38,718 to €24,282
of which Plant, machinery and equipment: -€9,592
- Cash +€13,954
up €13,954 (+116.0%), from €12,029 to €25,983
mainly Trade debts (+€31,364) and Depreciation (+€15,178)
- Stocks and contracts +€3,000
up €3,000 (+66.7%), from €4,500 to €7,500
- Deferred charges and accrued income +€2,803
up €2,803 (+104.2%), from €2,689 to €5,493
- Trade debts +€31,364
up €31,364 (+520.4%), from €6,026 to €37,391
- Other debts -€5,680
down €5,680 (-22.8%), from €24,888 to €19,208
- Debts after one year -€3,810
down €3,810 (-51.1%), from €7,449 to €3,640
- Write-downs -€27,946
down €27,946, from €13,973 to -€13,973
- Staff costs +€23,541
up €23,541 (+507.8%), from €4,636 to €28,178
- Financial charges +€6,330
up €6,330 (+441.5%), from €1,434 to €7,764
of which Non-recurring financial charges: +€5,000
- Depreciation +€2,136
up €2,136 (+16.4%), from €13,042 to €15,178
- Gross operating margin -€685
down €685 (-1.6%), from €41,964 to €41,279
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 | €89,921 | €112,403 | +€22,482 | +25.0% |
| Fixed assets | 21/28 | €38,718 | €24,282 | -€14,437 | -37.3% |
| Tangible fixed assets | 22/27 | €38,718 | €24,282 | -€14,437 | -37.3% |
| Plant, machinery and equipment | 23 | €20,714 | €11,121 | -€9,592 | -46.3% |
| Furniture and vehicles | 24 | €18,004 | €13,160 | -€4,844 | -26.9% |
| Current assets | 29/58 | €51,203 | €88,121 | +€36,918 | +72.1% |
| Stocks and contracts in progress | 3 | €4,500 | €7,500 | +€3,000 | +66.7% |
| Stocks | 30/36 | €4,500 | €7,500 | +€3,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €31,984 | €49,146 | +€17,161 | +53.7% |
| Trade receivables | 40 | €28,101 | €39,402 | +€11,301 | +40.2% |
| Other amounts receivable | 41 | €3,884 | €9,744 | +€5,860 | +150.9% |
| Cash at bank and in hand | 54/58 | €12,029 | €25,983 | +€13,954 | +116.0% |
| Deferred charges and accrued income | 490/1 | €2,689 | €5,493 | +€2,803 | +104.2% |
| Total equity and liabilities | 10/49 | €89,921 | €112,403 | +€22,482 | +25.0% |
| Equity | 10/15 | €37,551 | €38,160 | +€610 | +1.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,551 | €35,160 | +€610 | +1.8% |
| Amounts payable | 17/49 | €52,370 | €74,242 | +€21,872 | +41.8% |
| Amounts payable after more than one year | 17 | €7,449 | €3,640 | -€3,810 | -51.1% |
| Financial debts | 170/4 | €7,449 | €3,640 | -€3,810 | -51.1% |
| Amounts payable within one year | 42/48 | €44,921 | €70,603 | +€25,682 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | €3,648 | €3,810 | +€161 | +4.4% |
| Trade debts | 44 | €6,026 | €37,391 | +€31,364 | +520.4% |
| Suppliers | 440/4 | €6,026 | €37,391 | +€31,364 | +520.4% |
| Taxes, remuneration and social security | 45 | €10,359 | €10,195 | -€164 | -1.6% |
| Taxes | 450/3 | €8,494 | €3,104 | -€5,390 | -63.5% |
| Remuneration and social security | 454/9 | €1,864 | €7,090 | +€5,226 | +280.3% |
| Other amounts payable | 47/48 | €24,888 | €19,208 | -€5,680 | -22.8% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €4,636 | €28,178 | +€23,541 | +507.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,042 | €15,178 | +€2,136 | +16.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,973 | -€13,973 | -€27,946 | |
| Other operating charges | 640/8 | €525 | €709 | +€184 | +35.0% |
| Gross operating margin | 9900 | €41,964 | €41,279 | -€685 | -1.6% |
| Operating profit (loss) | 9901 | €9,787 | €11,188 | +€1,400 | +14.3% |
| Financial income | 75/76B | €5 | €5 | +€1 | +11.0% |
| Recurring financial income | 75 | €5 | €5 | +€1 | +11.0% |
| Financial charges | 65/66B | €1,434 | €7,764 | +€6,330 | +441.5% |
| Recurring financial charges | 65 | €1,434 | €2,764 | +€1,330 | +92.8% |
| Non-recurring financial charges | 66B | - | €5,000 | +€5,000 | |
| Profit (loss) for the period before taxes | 9903 | €8,358 | €3,429 | -€4,929 | -59.0% |
| Income taxes | 67/77 | €1,776 | €1,153 | -€623 | -35.1% |
| Profit (loss) for the period | 9904 | €6,582 | €2,276 | -€4,306 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,582 | €2,276 | -€4,306 | -65.4% |
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 12 October 2026 via checked.be.