FASIL: 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.
FASIL
Largest movements
- Tangible fixed assets -€9,452
down €9,452 (-6.9%), from €137,723 to €128,271
of which Land and buildings: -€8,362
- Cash +€2,207
up €2,207 (+4.1%), from €54,313 to €56,520
mainly Net result for the year (+€20,126) and Depreciation (+€9,452)
- Reserves +€20,126
up €20,126 (+14.7%), from €137,287 to €157,413
- Current portion of long-term debt -€16,278
no longer reported in 2025 (was €16,278)
- Tax, wage and social debts -€11,441
no longer reported in 2025 (was €11,441)
- Gross operating margin -€7,635
down €7,635 (-15.6%), from €49,036 to €41,401
- Depreciation -€2,716
down €2,716 (-22.3%), from €12,168 to €9,452
- Taxes -€1,499
down €1,499 (-13.8%), from €10,891 to €9,392
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 | €192,953 | €186,399 | -€6,553 | -3.4% |
| Fixed assets | 21/28 | €137,723 | €128,271 | -€9,452 | -6.9% |
| Tangible fixed assets | 22/27 | €137,723 | €128,271 | -€9,452 | -6.9% |
| Land and buildings | 22 | €136,634 | €128,271 | -€8,362 | -6.1% |
| Plant, machinery and equipment | 23 | €1,090 | €0 | -€1,090 | -100.0% |
| Current assets | 29/58 | €55,229 | €58,128 | +€2,898 | +5.2% |
| Amounts receivable within one year | 40/41 | - | €1,608 | +€1,608 | |
| Other amounts receivable | 41 | - | €1,608 | +€1,608 | |
| Cash at bank and in hand | 54/58 | €54,313 | €56,520 | +€2,207 | +4.1% |
| Deferred charges and accrued income | 490/1 | €916 | - | -€916 | |
| Total equity and liabilities | 10/49 | €192,953 | €186,399 | -€6,553 | -3.4% |
| Equity | 10/15 | €158,187 | €178,313 | +€20,126 | +12.7% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Contributions outside capital | 11 | €20,900 | €20,900 | = | 0.0% |
| Other | 1109/19 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €137,287 | €157,413 | +€20,126 | +14.7% |
| Distributable reserves | 133 | €137,287 | €157,413 | +€20,126 | +14.7% |
| Amounts payable | 17/49 | €34,766 | €8,086 | -€26,680 | -76.7% |
| Amounts payable after more than one year | 17 | €4,200 | €4,200 | = | 0.0% |
| Other amounts payable | 178/9 | €4,200 | €4,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €30,566 | €3,886 | -€26,680 | -87.3% |
| Current portion of amounts payable after more than one year | 42 | €16,278 | - | -€16,278 | |
| Trade debts | 44 | €2,840 | €3,886 | +€1,046 | +36.8% |
| Suppliers | 440/4 | €2,840 | €3,886 | +€1,046 | +36.8% |
| Taxes, remuneration and social security | 45 | €11,441 | - | -€11,441 | |
| Taxes | 450/3 | €11,441 | - | -€11,441 | |
| Other amounts payable | 47/48 | €7 | - | -€7 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,168 | €9,452 | -€2,716 | -22.3% |
| Other operating charges | 640/8 | €2,107 | €2,168 | +€61 | +2.9% |
| Gross operating margin | 9900 | €49,036 | €41,401 | -€7,635 | -15.6% |
| Operating profit (loss) | 9901 | €34,762 | €29,782 | -€4,980 | -14.3% |
| Financial charges | 65/66B | €528 | €263 | -€264 | -50.1% |
| Recurring financial charges | 65 | €528 | €263 | -€264 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €34,234 | €29,518 | -€4,716 | -13.8% |
| Income taxes | 67/77 | €10,891 | €9,392 | -€1,499 | -13.8% |
| Profit (loss) for the period | 9904 | €23,343 | €20,126 | -€3,217 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,343 | €20,126 | -€3,217 | -13.8% |
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 9 October 2026 via checked.be.