FAPROM: 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.
FAPROM
Largest movements
- Deferred charges and accrued income -€39,622
down €39,622 (-91.9%), from €43,132 to €3,510
- Cash +€19,663
up €19,663 (+657%), from €2,994 to €22,657
mainly Net result for the year (+€50,125) and Deferred charges and accrued income (+€39,622)
- Tangible fixed assets +€12,849
up €12,849 (+5.3%), from €244,527 to €257,376
of which Furniture and vehicles: +€18,813
- Receivables within one year +€4,394
up €4,394 (+15.4%), from €28,539 to €32,933
- Debts after one year -€50,275
down €50,275 (-25.2%), from €199,506 to €149,232
- Reserves +€50,125
up €50,125 (+45.1%), from €111,084 to €161,209
- Tax, wage and social debts +€9,027
up €9,027 (+82.1%), from €10,996 to €20,022
- Current portion of long-term debt -€7,232
down €7,232 (-29.0%), from €24,938 to €17,706
- Gross operating margin +€31,706
up €31,706 (+52.4%), from €60,482 to €92,187
- Taxes +€7,692
up €7,692 (+56.3%), from €13,658 to €21,351
- Financial income +€3,404
up €3,404 (+2,985%), from €114 to €3,518
- Depreciation +€2,469
up €2,469 (+33.9%), from €7,282 to €9,751
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 | €359,204 | €356,487 | -€2,717 | -0.8% |
| Fixed assets | 21/28 | €244,777 | €257,626 | +€12,849 | +5.2% |
| Tangible fixed assets | 22/27 | €244,527 | €257,376 | +€12,849 | +5.3% |
| Land and buildings | 22 | €240,266 | €234,517 | -€5,749 | -2.4% |
| Furniture and vehicles | 24 | €2,599 | €21,413 | +€18,813 | +724% |
| Other tangible fixed assets | 26 | €1,662 | €1,446 | -€216 | -13.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €114,427 | €98,861 | -€15,566 | -13.6% |
| Amounts receivable within one year | 40/41 | €28,539 | €32,933 | +€4,394 | +15.4% |
| Trade receivables | 40 | €28,539 | €32,933 | +€4,394 | +15.4% |
| Current investments | 50/53 | €39,761 | €39,761 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,994 | €22,657 | +€19,663 | +657% |
| Deferred charges and accrued income | 490/1 | €43,132 | €3,510 | -€39,622 | -91.9% |
| Total equity and liabilities | 10/49 | €359,204 | €356,487 | -€2,717 | -0.8% |
| Equity | 10/15 | €118,797 | €168,922 | +€50,125 | +42.2% |
| Reserves | 13 | €111,084 | €161,209 | +€50,125 | +45.1% |
| Distributable reserves | 133 | €111,084 | €161,209 | +€50,125 | +45.1% |
| Profit (loss) carried forward | 14 | €7,713 | €7,713 | = | 0.0% |
| Amounts payable | 17/49 | €240,407 | €187,565 | -€52,842 | -22.0% |
| Amounts payable after more than one year | 17 | €199,506 | €149,232 | -€50,275 | -25.2% |
| Financial debts | 170/4 | €199,506 | €149,232 | -€50,275 | -25.2% |
| Amounts payable within one year | 42/48 | €40,765 | €37,812 | -€2,953 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €24,938 | €17,706 | -€7,232 | -29.0% |
| Financial debts | 43 | €3,411 | - | -€3,411 | |
| Other loans | 439 | €3,411 | - | -€3,411 | |
| Trade debts | 44 | €1,215 | €66 | -€1,148 | -94.5% |
| Suppliers | 440/4 | €1,215 | €66 | -€1,148 | -94.5% |
| Taxes, remuneration and social security | 45 | €10,996 | €20,022 | +€9,027 | +82.1% |
| Taxes | 450/3 | €10,996 | €20,022 | +€9,027 | +82.1% |
| Other amounts payable | 47/48 | €206 | €18 | -€188 | -91.5% |
| Accrued charges and deferred income | 492/3 | €136 | €522 | +€386 | +284% |
| Non-recurring operating income | 76A | - | €455 | +€455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,282 | €9,751 | +€2,469 | +33.9% |
| Other operating charges | 640/8 | €2,019 | €2,788 | +€769 | +38.1% |
| Gross operating margin | 9900 | €60,482 | €92,187 | +€31,706 | +52.4% |
| Operating profit (loss) | 9901 | €51,181 | €79,649 | +€28,468 | +55.6% |
| Financial income | 75/76B | €114 | €3,518 | +€3,404 | +2,985% |
| Recurring financial income | 75 | €114 | €3,518 | +€3,404 | +2,985% |
| Financial charges | 65/66B | €12,238 | €11,691 | -€547 | -4.5% |
| Recurring financial charges | 65 | €12,238 | €11,691 | -€547 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €39,057 | €71,476 | +€32,418 | +83.0% |
| Income taxes | 67/77 | €13,658 | €21,351 | +€7,692 | +56.3% |
| Profit (loss) for the period | 9904 | €25,399 | €50,125 | +€24,726 | +97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,399 | €50,125 | +€24,726 | +97.3% |
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.