FAPA: 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.
FAPA
Largest movements
- Cash -€12,197
down €12,197 (-44.8%), from €27,246 to €15,050
mainly Net result for the year (-€21,544) and Tax, wage and social debts (-€4,459)
- Tangible fixed assets -€3,621
down €3,621 (-31.0%), from €11,670 to €8,049
of which Plant, machinery and equipment: -€2,130
- Stocks and contracts +€682
up €682 (+8.0%), from €8,568 to €9,250
- Profit (loss) carried forward -€21,544
down €21,544 (-120%), from -€17,989 to -€39,533
- Other debts +€5,929
up €5,929 (+154%), from €3,847 to €9,776
- Trade debts +€4,657
up €4,657 (+19.1%), from €24,431 to €29,087
- Tax, wage and social debts -€4,459
down €4,459 (-23.7%), from €18,783 to €14,324
of which Remuneration and social security: -€7,919
- Gross operating margin -€33,264
down €33,264 (-29.9%), from €111,289 to €78,026
- Staff costs +€8,787
up €8,787 (+10.5%), from €83,974 to €92,761
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 | €51,072 | €35,655 | -€15,417 | -30.2% |
| Fixed assets | 21/28 | €11,770 | €8,149 | -€3,621 | -30.8% |
| Tangible fixed assets | 22/27 | €11,670 | €8,049 | -€3,621 | -31.0% |
| Plant, machinery and equipment | 23 | €7,877 | €5,748 | -€2,130 | -27.0% |
| Other tangible fixed assets | 26 | €3,792 | €2,301 | -€1,491 | -39.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €39,302 | €27,506 | -€11,796 | -30.0% |
| Stocks and contracts in progress | 3 | €8,568 | €9,250 | +€682 | +8.0% |
| Stocks | 30/36 | €8,568 | €9,250 | +€682 | +8.0% |
| Amounts receivable within one year | 40/41 | €1,347 | €1,504 | +€158 | +11.7% |
| Trade receivables | 40 | €1,084 | €1,504 | +€421 | +38.8% |
| Other amounts receivable | 41 | €263 | €0 | -€263 | -100% |
| Cash at bank and in hand | 54/58 | €27,246 | €15,050 | -€12,197 | -44.8% |
| Deferred charges and accrued income | 490/1 | €2,141 | €1,702 | -€438 | -20.5% |
| Total equity and liabilities | 10/49 | €51,072 | €35,655 | -€15,417 | -30.2% |
| Equity | 10/15 | €4,011 | -€17,533 | -€21,544 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,989 | -€39,533 | -€21,544 | -120% |
| Amounts payable | 17/49 | €47,061 | €53,188 | +€6,127 | +13.0% |
| Amounts payable within one year | 42/48 | €47,061 | €53,188 | +€6,127 | +13.0% |
| Trade debts | 44 | €24,431 | €29,087 | +€4,657 | +19.1% |
| Suppliers | 440/4 | €24,431 | €29,087 | +€4,657 | +19.1% |
| Taxes, remuneration and social security | 45 | €18,783 | €14,324 | -€4,459 | -23.7% |
| Taxes | 450/3 | €3,293 | €6,753 | +€3,460 | +105% |
| Remuneration and social security | 454/9 | €15,490 | €7,571 | -€7,919 | -51.1% |
| Other amounts payable | 47/48 | €3,847 | €9,776 | +€5,929 | +154% |
| Remuneration, social security and pensions | 62 | €83,974 | €92,761 | +€8,787 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,789 | €3,621 | -€168 | -4.4% |
| Other operating charges | 640/8 | €1,941 | €860 | -€1,081 | -55.7% |
| Gross operating margin | 9900 | €111,289 | €78,026 | -€33,264 | -29.9% |
| Operating profit (loss) | 9901 | €21,586 | -€19,217 | -€40,802 | |
| Financial income | 75/76B | €370 | €54 | -€316 | -85.3% |
| Recurring financial income | 75 | €370 | €54 | -€316 | -85.3% |
| Financial charges | 65/66B | €2,222 | €2,322 | +€100 | +4.5% |
| Recurring financial charges | 65 | €2,222 | €2,322 | +€100 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €19,734 | -€21,484 | -€41,218 | |
| Income taxes | 67/77 | €174 | €60 | -€115 | -65.7% |
| Profit (loss) for the period | 9904 | €19,560 | -€21,544 | -€41,103 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,560 | -€21,544 | -€41,103 |
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 15 October 2026 via checked.be.