FAQREW: 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.
FAQREW
Largest movements
- Cash +€38,422
up €38,422 (+46.2%), from €83,220 to €121,643
mainly Net result for the year (+€18,127) and Depreciation (+€13,935)
- Tangible fixed assets -€13,935
down €13,935 (-30.0%), from €46,440 to €32,505
of which Furniture and vehicles: -€12,386
- Receivables within one year -€3,325
down €3,325 (-6.6%), from €50,413 to €47,087
of which Other amounts receivable: -€4,173
- Reserves +€18,127
up €18,127 (+10.5%), from €173,131 to €191,259
of which Distributable reserves: +€18,127
- Gross operating margin +€8,241
up €8,241 (+24.0%), from €34,310 to €42,551
- Taxes +€3,585
up €3,585 (+53.7%), from €6,680 to €10,265
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 | €186,134 | €207,363 | +€21,229 | +11.4% |
| Fixed assets | 21/28 | €48,040 | €34,105 | -€13,935 | -29.0% |
| Tangible fixed assets | 22/27 | €46,440 | €32,505 | -€13,935 | -30.0% |
| Land and buildings | 22 | €7,783 | €7,184 | -€599 | -7.7% |
| Plant, machinery and equipment | 23 | €2,550 | €1,599 | -€950 | -37.3% |
| Furniture and vehicles | 24 | €36,107 | €23,721 | -€12,386 | -34.3% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €138,095 | €173,258 | +€35,163 | +25.5% |
| Amounts receivable within one year | 40/41 | €50,413 | €47,087 | -€3,325 | -6.6% |
| Trade receivables | 40 | €9,849 | €10,697 | +€847 | +8.6% |
| Other amounts receivable | 41 | €40,563 | €36,390 | -€4,173 | -10.3% |
| Cash at bank and in hand | 54/58 | €83,220 | €121,643 | +€38,422 | +46.2% |
| Deferred charges and accrued income | 490/1 | €4,462 | €4,528 | +€66 | +1.5% |
| Total equity and liabilities | 10/49 | €186,134 | €207,363 | +€21,229 | +11.4% |
| Equity | 10/15 | €173,631 | €191,759 | +€18,127 | +10.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €173,131 | €191,259 | +€18,127 | +10.5% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €173,081 | €191,209 | +€18,127 | +10.5% |
| Amounts payable | 17/49 | €12,503 | €15,604 | +€3,101 | +24.8% |
| Amounts payable within one year | 42/48 | €12,503 | €15,604 | +€3,101 | +24.8% |
| Trade debts | 44 | €4,863 | €6,291 | +€1,429 | +29.4% |
| Suppliers | 440/4 | €4,863 | €6,291 | +€1,429 | +29.4% |
| Taxes, remuneration and social security | 45 | €7,640 | €9,313 | +€1,673 | +21.9% |
| Taxes | 450/3 | €6,146 | €7,424 | +€1,277 | +20.8% |
| Remuneration and social security | 454/9 | €1,494 | €1,889 | +€395 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,882 | €13,935 | +€52 | +0.4% |
| Other operating charges | 640/8 | €118 | €173 | +€55 | +46.6% |
| Gross operating margin | 9900 | €34,310 | €42,551 | +€8,241 | +24.0% |
| Operating profit (loss) | 9901 | €20,309 | €28,443 | +€8,134 | +40.0% |
| Financial income | 75/76B | €2 | €3 | +€1 | +68.5% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +68.5% |
| Financial charges | 65/66B | €27 | €54 | +€27 | +100.0% |
| Recurring financial charges | 65 | €27 | €54 | +€27 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €20,284 | €28,393 | +€8,108 | +40.0% |
| Income taxes | 67/77 | €6,680 | €10,265 | +€3,585 | +53.7% |
| Profit (loss) for the period | 9904 | €13,604 | €18,127 | +€4,523 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,604 | €18,127 | +€4,523 | +33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.