FASEO: 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.
FASEO
Largest movements
- Cash -€104,487
down €104,487 (-81.4%), from €128,387 to €23,900
mainly Other debts (-€91,053) and Contributions, distributions and other (-€73,000)
- Financial fixed assets -€44,105
down €44,105 (-94.8%), from €46,505 to €2,400
- Receivables within one year +€17,172
up €17,172 (+101.5%), from €16,918 to €34,090
of which Trade receivables: +€15,643
- Tangible fixed assets -€8,769
down €8,769 (-17.1%), from €51,155 to €42,386
- Other debts -€91,053
down €91,053 (-55.8%), from €163,225 to €72,172
- Tax, wage and social debts -€39,933
down €39,933 (-78.2%), from €51,078 to €11,145
- Debts after one year -€10,411
down €10,411 (-66.0%), from €15,779 to €5,369
- Gross operating margin -€3,281
down €3,281 (-2.9%), from €113,507 to €110,226
- Taxes +€3,187
up €3,187 (+21.0%), from €15,183 to €18,370
- Depreciation +€1,440
up €1,440 (+9.0%), from €15,968 to €17,409
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 | €245,411 | €105,546 | -€139,865 | -57.0% |
| Fixed assets | 21/28 | €97,660 | €44,786 | -€52,874 | -54.1% |
| Tangible fixed assets | 22/27 | €51,155 | €42,386 | -€8,769 | -17.1% |
| Furniture and vehicles | 24 | €51,155 | €42,386 | -€8,769 | -17.1% |
| Financial fixed assets | 28 | €46,505 | €2,400 | -€44,105 | -94.8% |
| Current assets | 29/58 | €147,751 | €60,759 | -€86,991 | -58.9% |
| Amounts receivable within one year | 40/41 | €16,918 | €34,090 | +€17,172 | +101.5% |
| Trade receivables | 40 | €16,757 | €32,400 | +€15,643 | +93.4% |
| Other amounts receivable | 41 | €161 | €1,690 | +€1,529 | +950.7% |
| Cash at bank and in hand | 54/58 | €128,387 | €23,900 | -€104,487 | -81.4% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,769 | +€323 | +13.2% |
| Total equity and liabilities | 10/49 | €245,411 | €105,546 | -€139,865 | -57.0% |
| Equity | 10/15 | €5,131 | €5,180 | +€50 | +1.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131 | €180 | +€50 | +37.9% |
| Amounts payable | 17/49 | €240,280 | €100,366 | -€139,914 | -58.2% |
| Amounts payable after more than one year | 17 | €15,779 | €5,369 | -€10,411 | -66.0% |
| Financial debts | 170/4 | €15,779 | €5,369 | -€10,411 | -66.0% |
| Amounts payable within one year | 42/48 | €224,501 | €94,323 | -€130,178 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €9,989 | €10,411 | +€421 | +4.2% |
| Trade debts | 44 | €209 | €595 | +€386 | +184.9% |
| Suppliers | 440/4 | €209 | €595 | +€386 | +184.9% |
| Taxes, remuneration and social security | 45 | €51,078 | €11,145 | -€39,933 | -78.2% |
| Taxes | 450/3 | €51,078 | €11,145 | -€39,933 | -78.2% |
| Other amounts payable | 47/48 | €163,225 | €72,172 | -€91,053 | -55.8% |
| Accrued charges and deferred income | 492/3 | - | €674 | +€674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,968 | €17,409 | +€1,440 | +9.0% |
| Other operating charges | 640/8 | €87 | €486 | +€400 | +460.9% |
| Gross operating margin | 9900 | €113,507 | €110,226 | -€3,281 | -2.9% |
| Operating profit (loss) | 9901 | €97,452 | €92,331 | -€5,120 | -5.3% |
| Financial income | 75/76B | €799 | €757 | -€42 | -5.3% |
| Recurring financial income | 75 | €799 | €757 | -€42 | -5.3% |
| Financial charges | 65/66B | €2,038 | €1,669 | -€369 | -18.1% |
| Recurring financial charges | 65 | €2,038 | €1,669 | -€369 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €96,213 | €91,420 | -€4,794 | -5.0% |
| Income taxes | 67/77 | €15,183 | €18,370 | +€3,187 | +21.0% |
| Profit (loss) for the period | 9904 | €81,030 | €73,050 | -€7,981 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,030 | €73,050 | -€7,981 | -9.8% |
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 8 October 2026 via checked.be.