FAS Management: 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.
FAS Management
Largest movements
- Tangible fixed assets +€25,798
up €25,798 (+81.8%), from €31,545 to €57,343
of which Furniture and vehicles: +€32,219
- Cash +€23,735
up €23,735 (+28.8%), from €82,297 to €106,032
mainly Other debts (+€95,000) and Net result for the year (+€35,458)
- Other debts +€95,000
new in 2025: €95,000
- Profit (loss) carried forward -€59,542
down €59,542 (-68.3%), from €87,147 to €27,605
- Debts after one year +€14,565
new in 2025: €14,565
- Short-term financial debts +€9,849
new in 2025: €9,849
- Tax, wage and social debts -€9,494
down €9,494 (-34.5%), from €27,509 to €18,015
- Gross operating margin +€14,270
up €14,270 (+27.7%), from €51,472 to €65,742
- Depreciation +€3,522
up €3,522 (+24.4%), from €14,405 to €17,927
- Taxes +€1,863
up €1,863 (+23.4%), from €7,948 to €9,811
- Other operating charges +€1,479
up €1,479 (+1,465%), from €101 to €1,580
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 | €115,656 | €166,034 | +€50,378 | +43.6% |
| Fixed assets | 21/28 | €31,545 | €57,343 | +€25,798 | +81.8% |
| Tangible fixed assets | 22/27 | €31,545 | €57,343 | +€25,798 | +81.8% |
| Furniture and vehicles | 24 | €9,511 | €41,730 | +€32,219 | +339% |
| Other tangible fixed assets | 26 | €22,034 | €15,613 | -€6,421 | -29.1% |
| Current assets | 29/58 | €84,111 | €108,691 | +€24,580 | +29.2% |
| Amounts receivable within one year | 40/41 | €1,109 | €898 | -€211 | -19.0% |
| Other amounts receivable | 41 | €1,109 | €898 | -€211 | -19.0% |
| Cash at bank and in hand | 54/58 | €82,297 | €106,032 | +€23,735 | +28.8% |
| Deferred charges and accrued income | 490/1 | €706 | €1,762 | +€1,056 | +150% |
| Total equity and liabilities | 10/49 | €115,656 | €166,034 | +€50,378 | +43.6% |
| Equity | 10/15 | €88,147 | €28,605 | -€59,542 | -67.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,147 | €27,605 | -€59,542 | -68.3% |
| Amounts payable | 17/49 | €27,509 | €137,429 | +€109,920 | +400% |
| Amounts payable after more than one year | 17 | - | €14,565 | +€14,565 | |
| Financial debts | 170/4 | - | €14,565 | +€14,565 | |
| Amounts payable within one year | 42/48 | €27,509 | €122,864 | +€95,355 | +347% |
| Financial debts | 43 | - | €9,849 | +€9,849 | |
| Credit institutions | 430/8 | - | €9,849 | +€9,849 | |
| Taxes, remuneration and social security | 45 | €27,509 | €18,015 | -€9,494 | -34.5% |
| Taxes | 450/3 | €27,509 | €18,015 | -€9,494 | -34.5% |
| Other amounts payable | 47/48 | - | €95,000 | +€95,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,405 | €17,927 | +€3,522 | +24.4% |
| Other operating charges | 640/8 | €101 | €1,580 | +€1,479 | +1,465% |
| Gross operating margin | 9900 | €51,472 | €65,742 | +€14,270 | +27.7% |
| Operating profit (loss) | 9901 | €36,966 | €46,235 | +€9,269 | +25.1% |
| Financial charges | 65/66B | €423 | €967 | +€543 | +128% |
| Recurring financial charges | 65 | €423 | €967 | +€543 | +128% |
| Profit (loss) for the period before taxes | 9903 | €36,543 | €45,269 | +€8,726 | +23.9% |
| Income taxes | 67/77 | €7,948 | €9,811 | +€1,863 | +23.4% |
| Profit (loss) for the period | 9904 | €28,595 | €35,458 | +€6,862 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,595 | €35,458 | +€6,862 | +24.0% |
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.