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FAPI: what changed

Two fiscal 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.

What changed

FAPI

BE 0875.134.889
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€132,972
2024 · €618,613-€751,585
Equity
€325,502
2024 · €458,474-€132,972
Cash
€609,386
2024 · €761,096-€151,710
Balance sheet total
€617,036
2024 · €770,008-€152,972

Largest movements

2024 to 2025
Assets
  • Cash -€151,710

    down €151,710 (-19.9%), from €761,096 to €609,386

    mainly Net result for the year (-€132,972) and Other debts (-€20,000)

Equity and liabilities
  • Profit (loss) carried forward -€132,972

    down €132,972 (-40.5%), from €328,474 to €195,502

  • Other debts -€20,000

    down €20,000 (-6.6%), from €302,434 to €282,434

Income statement
  • Gross operating margin -€624,009

    down €624,009, from €616,733 to -€7,275

  • Taxes +€126,307

    up €126,307, from -€2,000 to €124,307

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €618,613
Gross operating margin -€624,009
Other operating charges -€1,293
Financial income +€51
Financial charges -€27
Taxes -€126,307
Result 2025 -€132,972

Cash bridge derived

cash 2024 to 2025

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.

From operations -€151,710
Investment €0
Financing €0
Cash 2024 €761,096
Net result for the year -€132,972
Deferred charges and accrued income +€1,262
Other debts -€20,000
Cash 2025 €609,386
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €770,008 €617,036 -€152,972 -19.9%
Fixed assets 21/28 €5,800 €5,800 = 0.0%
Tangible fixed assets 22/27 €5,800 €5,800 = 0.0%
Furniture and vehicles 24 €5,800 €5,800 = 0.0%
Current assets 29/58 €764,208 €611,236 -€152,972 -20.0%
Amounts receivable within one year 40/41 €1,850 €1,850 = 0.0%
Other amounts receivable 41 €1,850 €1,850 = 0.0%
Cash at bank and in hand 54/58 €761,096 €609,386 -€151,710 -19.9%
Deferred charges and accrued income 490/1 €1,262 - -€1,262
Total equity and liabilities 10/49 €770,008 €617,036 -€152,972 -19.9%
Equity 10/15 €458,474 €325,502 -€132,972 -29.0%
Contributions 10/11 €100,000 €100,000 = 0.0%
Capital 10 €100,000 €100,000 = 0.0%
Issued capital 100 €100,000 €100,000 = 0.0%
Reserves 13 €30,000 €30,000 = 0.0%
Non-distributable reserves 130/1 €10,000 €10,000 = 0.0%
Legal reserve 130 €10,000 €10,000 = 0.0%
Distributable reserves 133 €20,000 €20,000 = 0.0%
Profit (loss) carried forward 14 €328,474 €195,502 -€132,972 -40.5%
Amounts payable 17/49 €311,534 €291,534 -€20,000 -6.4%
Amounts payable within one year 42/48 €302,434 €282,434 -€20,000 -6.6%
Other amounts payable 47/48 €302,434 €282,434 -€20,000 -6.6%
Accrued charges and deferred income 492/3 €9,100 €9,100 = 0.0%
Non-recurring operating income 76A €671,576 - -€671,576
Other operating charges 640/8 - €1,293 +€1,293
Gross operating margin 9900 €616,733 -€7,275 -€624,009
Operating profit (loss) 9901 €616,733 -€8,569 -€625,302
Financial income 75/76B - €51 +€51
Recurring financial income 75 - €51 +€51
Financial charges 65/66B €120 €147 +€27 +22.8%
Recurring financial charges 65 €120 €147 +€27 +22.8%
Profit (loss) for the period before taxes 9903 €616,613 -€8,665 -€625,278
Income taxes 67/77 -€2,000 €124,307 +€126,307
Profit (loss) for the period 9904 €618,613 -€132,972 -€751,585
Profit (loss) for the period to be appropriated 9905 €618,613 -€132,972 -€751,585

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.