FAPS: 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.
FAPS
Largest movements
- Receivables within one year +€5,527
up €5,527 (+17.9%), from €30,961 to €36,488
of which Trade receivables: +€5,527
- Stocks and contracts +€3,329
up €3,329 (+27.8%), from €11,956 to €15,285
- Cash -€1,962
down €1,962 (-87.4%), from €2,247 to €284
mainly Receivables within one year (-€5,527) and Accrued charges and deferred income (-€5,488)
- Tangible fixed assets -€740
down €740 (-25.9%), from €2,859 to €2,119
of which Other tangible fixed assets: -€438
- Profit (loss) carried forward +€10,100
up €10,100 (+57.6%), from -€17,536 to -€7,436
- Short-term financial debts +€5,832
new in 2025: €5,832
- Accrued charges and deferred income -€5,488
down €5,488 (-93.3%), from €5,881 to €393
- Other debts -€3,748
down €3,748 (-58.4%), from €6,413 to €2,666
- Tax, wage and social debts -€636
down €636 (-7.7%), from €8,264 to €7,629
- Taxes -€24,046
down €24,046, from €12,203 to -€11,843
- Gross operating margin -€11,314
down €11,314 (-91.5%), from €12,365 to €1,051
- Depreciation -€866
down €866 (-53.9%), from €1,606 to €740
- Financial charges +€419
up €419 (+83.5%), from €501 to €920
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 | €48,511 | €54,551 | +€6,040 | +12.5% |
| Fixed assets | 21/28 | €2,859 | €2,119 | -€740 | -25.9% |
| Tangible fixed assets | 22/27 | €2,859 | €2,119 | -€740 | -25.9% |
| Plant, machinery and equipment | 23 | €390 | €88 | -€302 | -77.3% |
| Other tangible fixed assets | 26 | €2,468 | €2,031 | -€438 | -17.7% |
| Current assets | 29/58 | €45,652 | €52,433 | +€6,780 | +14.9% |
| Stocks and contracts in progress | 3 | €11,956 | €15,285 | +€3,329 | +27.8% |
| Stocks | 30/36 | €11,956 | €15,285 | +€3,329 | +27.8% |
| Amounts receivable within one year | 40/41 | €30,961 | €36,488 | +€5,527 | +17.9% |
| Trade receivables | 40 | €30,961 | €36,488 | +€5,527 | +17.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €2,247 | €284 | -€1,962 | -87.4% |
| Deferred charges and accrued income | 490/1 | €489 | €376 | -€113 | -23.2% |
| Total equity and liabilities | 10/49 | €48,511 | €54,551 | +€6,040 | +12.5% |
| Equity | 10/15 | €27,552 | €37,651 | +€10,100 | +36.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €26,087 | €26,087 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,761 | €1,761 | = | 0.0% |
| Distributable reserves | 133 | €22,426 | €22,426 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,536 | -€7,436 | +€10,100 | +57.6% |
| Amounts payable | 17/49 | €20,960 | €16,900 | -€4,060 | -19.4% |
| Amounts payable within one year | 42/48 | €15,079 | €16,507 | +€1,428 | +9.5% |
| Financial debts | 43 | - | €5,832 | +€5,832 | |
| Credit institutions | 430/8 | - | €5,832 | +€5,832 | |
| Trade debts | 44 | €401 | €381 | -€21 | -5.1% |
| Suppliers | 440/4 | €401 | €381 | -€21 | -5.1% |
| Taxes, remuneration and social security | 45 | €8,264 | €7,629 | -€636 | -7.7% |
| Taxes | 450/3 | €8,264 | €7,629 | -€636 | -7.7% |
| Other amounts payable | 47/48 | €6,413 | €2,666 | -€3,748 | -58.4% |
| Accrued charges and deferred income | 492/3 | €5,881 | €393 | -€5,488 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | €740 | -€866 | -53.9% |
| Other operating charges | 640/8 | €1,132 | €1,134 | +€2 | +0.2% |
| Gross operating margin | 9900 | €12,365 | €1,051 | -€11,314 | -91.5% |
| Operating profit (loss) | 9901 | €9,627 | -€823 | -€10,450 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €501 | €920 | +€419 | +83.5% |
| Recurring financial charges | 65 | €501 | €920 | +€419 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €9,126 | -€1,743 | -€10,869 | |
| Income taxes | 67/77 | €12,203 | -€11,843 | -€24,046 | |
| Profit (loss) for the period | 9904 | -€3,077 | €10,100 | +€13,177 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,077 | €10,100 | +€13,177 |
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 28 September 2026 via checked.be.