FASIL: 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.
FASIL
Largest movements
- Cash +€8,915
up €8,915 (+172.2%), from €5,177 to €14,092
mainly Net result for the year (+€17,551) and Depreciation (+€17,158)
- Receivables within one year +€8,271
up €8,271 (+84.5%), from €9,792 to €18,064
of which Other amounts receivable: +€8,804
- Tangible fixed assets +€6,461
up €6,461 (+29.5%), from €21,897 to €28,358
of which Plant, machinery and equipment: +€4,473
- Deferred charges and accrued income +€4,481
up €4,481 (+72.8%), from €6,158 to €10,639
- Reserves +€17,551
up €17,551 (+69.5%), from €25,267 to €42,818
- Tax, wage and social debts +€4,959
up €4,959 (+853.8%), from €581 to €5,540
- Debts after one year +€3,974
up €3,974 (+65.3%), from €6,083 to €10,057
- Trade debts +€1,392
up €1,392 (+208.7%), from €667 to €2,059
- Gross operating margin +€12,923
up €12,923 (+41.1%), from €31,435 to €44,358
- Depreciation +€3,385
up €3,385 (+24.6%), from €13,773 to €17,158
- Taxes +€2,589
up €2,589 (+50.9%), from €5,081 to €7,669
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 | €43,024 | €71,152 | +€28,128 | +65.4% |
| Fixed assets | 21/28 | €21,897 | €28,358 | +€6,461 | +29.5% |
| Tangible fixed assets | 22/27 | €21,897 | €28,358 | +€6,461 | +29.5% |
| Plant, machinery and equipment | 23 | - | €4,473 | +€4,473 | |
| Furniture and vehicles | 24 | €21,897 | €23,884 | +€1,988 | +9.1% |
| Current assets | 29/58 | €21,127 | €42,795 | +€21,667 | +102.6% |
| Amounts receivable within one year | 40/41 | €9,792 | €18,064 | +€8,271 | +84.5% |
| Trade receivables | 40 | €533 | - | -€533 | |
| Other amounts receivable | 41 | €9,260 | €18,064 | +€8,804 | +95.1% |
| Cash at bank and in hand | 54/58 | €5,177 | €14,092 | +€8,915 | +172.2% |
| Deferred charges and accrued income | 490/1 | €6,158 | €10,639 | +€4,481 | +72.8% |
| Total equity and liabilities | 10/49 | €43,024 | €71,152 | +€28,128 | +65.4% |
| Equity | 10/15 | €25,467 | €43,018 | +€17,551 | +68.9% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €25,267 | €42,818 | +€17,551 | +69.5% |
| Distributable reserves | 133 | €25,267 | €42,818 | +€17,551 | +69.5% |
| Amounts payable | 17/49 | €17,557 | €28,134 | +€10,577 | +60.2% |
| Amounts payable after more than one year | 17 | €6,083 | €10,057 | +€3,974 | +65.3% |
| Financial debts | 170/4 | €6,083 | €10,057 | +€3,974 | +65.3% |
| Amounts payable within one year | 42/48 | €11,474 | €18,077 | +€6,603 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €10,226 | €10,478 | +€252 | +2.5% |
| Trade debts | 44 | €667 | €2,059 | +€1,392 | +208.7% |
| Suppliers | 440/4 | €667 | €2,059 | +€1,392 | +208.7% |
| Taxes, remuneration and social security | 45 | €581 | €5,540 | +€4,959 | +853.8% |
| Taxes | 450/3 | €581 | €5,540 | +€4,959 | +853.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,773 | €17,158 | +€3,385 | +24.6% |
| Other operating charges | 640/8 | €682 | €945 | +€263 | +38.5% |
| Gross operating margin | 9900 | €31,435 | €44,358 | +€12,923 | +41.1% |
| Operating profit (loss) | 9901 | €16,979 | €26,255 | +€9,275 | +54.6% |
| Financial income | 75/76B | €1 | €1 | +€0 | +17.1% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +17.1% |
| Financial charges | 65/66B | €756 | €1,035 | +€279 | +36.8% |
| Recurring financial charges | 65 | €756 | €1,035 | +€279 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €16,224 | €25,221 | +€8,997 | +55.5% |
| Income taxes | 67/77 | €5,081 | €7,669 | +€2,589 | +50.9% |
| Profit (loss) for the period | 9904 | €11,143 | €17,551 | +€6,408 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,143 | €17,551 | +€6,408 | +57.5% |
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 29 September 2026 via checked.be.