FAMERKA: 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.
FAMERKA
Largest movements
- Cash -€140,520
down €140,520 (-54.1%), from €259,538 to €119,018
mainly Net result for the year (-€99,130) and Investment in fixed assets (net) (-€56,482)
- Reserves -€99,130
down €99,130 (-24.1%), from €411,228 to €312,099
of which Distributable reserves: -€93,401
- Other debts -€38,317
down €38,317 (-10.3%), from €372,573 to €334,255
- Tax, wage and social debts -€10,034
down €10,034 (-90.7%), from €11,061 to €1,027
of which Remuneration and social security: -€7,842
- Gross operating margin -€342,530
down €342,530, from €326,154 to -€16,376
- Staff costs -€15,544
down €15,544 (-44.4%), from €34,999 to €19,456
- Depreciation +€9,431
up €9,431 (+18.3%), from €51,541 to €60,972
- Taxes -€5,029
down €5,029 (-91.0%), from €5,528 to €499
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 | €964,019 | €816,930 | -€147,089 | -15.3% |
| Fixed assets | 21/28 | €693,307 | €688,817 | -€4,490 | -0.6% |
| Tangible fixed assets | 22/27 | €693,307 | €688,817 | -€4,490 | -0.6% |
| Land and buildings | 22 | €641,123 | €608,996 | -€32,127 | -5.0% |
| Plant, machinery and equipment | 23 | €17,285 | €15,074 | -€2,211 | -12.8% |
| Furniture and vehicles | 24 | €34,899 | €64,746 | +€29,847 | +85.5% |
| Current assets | 29/58 | €270,712 | €128,113 | -€142,599 | -52.7% |
| Amounts receivable within one year | 40/41 | €8,881 | €6,466 | -€2,415 | -27.2% |
| Trade receivables | 40 | €8,881 | €4,441 | -€4,440 | -50.0% |
| Other amounts receivable | 41 | - | €2,025 | +€2,025 | |
| Cash at bank and in hand | 54/58 | €259,538 | €119,018 | -€140,520 | -54.1% |
| Deferred charges and accrued income | 490/1 | €2,293 | €2,629 | +€335 | +14.6% |
| Total equity and liabilities | 10/49 | €964,019 | €816,930 | -€147,089 | -15.3% |
| Equity | 10/15 | €524,263 | €425,133 | -€99,130 | -18.9% |
| Contributions | 10/11 | €113,035 | €113,035 | = | 0.0% |
| Reserves | 13 | €411,228 | €312,099 | -€99,130 | -24.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €157,840 | €152,112 | -€5,729 | -3.6% |
| Distributable reserves | 133 | €253,388 | €159,987 | -€93,401 | -36.9% |
| Provisions and deferred taxes | 16 | €51,374 | €49,464 | -€1,910 | -3.7% |
| Deferred taxes | 168 | €51,374 | €49,464 | -€1,910 | -3.7% |
| Amounts payable | 17/49 | €388,382 | €342,333 | -€46,050 | -11.9% |
| Amounts payable within one year | 42/48 | €388,256 | €342,333 | -€45,924 | -11.8% |
| Trade debts | 44 | €4,623 | €7,050 | +€2,427 | +52.5% |
| Suppliers | 440/4 | €4,623 | €7,050 | +€2,427 | +52.5% |
| Taxes, remuneration and social security | 45 | €11,061 | €1,027 | -€10,034 | -90.7% |
| Taxes | 450/3 | €3,219 | €1,027 | -€2,191 | -68.1% |
| Remuneration and social security | 454/9 | €7,842 | €0 | -€7,842 | -100.0% |
| Other amounts payable | 47/48 | €372,573 | €334,255 | -€38,317 | -10.3% |
| Accrued charges and deferred income | 492/3 | €126 | €0 | -€126 | -100.0% |
| Non-recurring operating income | 76A | €205,302 | €0 | -€205,302 | -100.0% |
| Remuneration, social security and pensions | 62 | €34,999 | €19,456 | -€15,544 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,541 | €60,972 | +€9,431 | +18.3% |
| Other operating charges | 640/8 | €3,528 | €4,142 | +€614 | +17.4% |
| Gross operating margin | 9900 | €326,154 | -€16,376 | -€342,530 | |
| Operating profit (loss) | 9901 | €236,086 | -€100,946 | -€337,032 | |
| Financial income | 75/76B | €1,155 | €857 | -€298 | -25.8% |
| Recurring financial income | 75 | €1,155 | €857 | -€298 | -25.8% |
| Financial charges | 65/66B | €386 | €451 | +€65 | +16.9% |
| Recurring financial charges | 65 | €386 | €451 | +€65 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €236,855 | -€100,540 | -€337,395 | |
| Transfer from deferred taxes | 780 | €2,270 | €1,910 | -€360 | -15.9% |
| Transfer to deferred taxes | 680 | €51,325 | €0 | -€51,325 | -100.0% |
| Income taxes | 67/77 | €5,528 | €499 | -€5,029 | -91.0% |
| Profit (loss) for the period | 9904 | €182,271 | -€99,130 | -€281,401 | |
| Transfer from tax-exempt reserves | 789 | €6,809 | €5,729 | -€1,081 | -15.9% |
| Transfer to tax-exempt reserves | 689 | €153,976 | €0 | -€153,976 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,104 | -€93,401 | -€128,505 |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.