Fasman: 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.
Fasman
Largest movements
- Cash +€114,604
up €114,604 (+35.2%), from €325,259 to €439,863
mainly Net result for the year (+€174,655) and Other debts (+€151,131)
- Other debts +€151,131
up €151,131 (+61.0%), from €247,857 to €398,988
- Reserves -€29,470
down €29,470 (-32.3%), from €91,115 to €61,645
of which Tax-exempt reserves: -€29,470
- Gross operating margin +€22,248
up €22,248 (+11.3%), from €197,602 to €219,850
- Financial income +€7,609
up €7,609 (+367.8%), from €2,069 to €9,678
- Taxes +€7,361
up €7,361 (+16.0%), from €46,019 to €53,380
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 | €356,477 | €476,370 | +€119,893 | +33.6% |
| Fixed assets | 21/28 | €2,951 | €6,387 | +€3,436 | +116.4% |
| Tangible fixed assets | 22/27 | €2,951 | €6,387 | +€3,436 | +116.4% |
| Furniture and vehicles | 24 | €2,951 | €2,311 | -€640 | -21.7% |
| Other tangible fixed assets | 26 | - | €4,076 | +€4,076 | |
| Current assets | 29/58 | €353,526 | €469,983 | +€116,457 | +32.9% |
| Amounts receivable within one year | 40/41 | €27,209 | €29,522 | +€2,313 | +8.5% |
| Trade receivables | 40 | €21,544 | €19,537 | -€2,007 | -9.3% |
| Other amounts receivable | 41 | €5,665 | €9,986 | +€4,321 | +76.3% |
| Cash at bank and in hand | 54/58 | €325,259 | €439,863 | +€114,604 | +35.2% |
| Deferred charges and accrued income | 490/1 | €1,059 | €598 | -€461 | -43.5% |
| Total equity and liabilities | 10/49 | €356,477 | €476,370 | +€119,893 | +33.6% |
| Equity | 10/15 | €101,115 | €71,645 | -€29,470 | -29.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €91,115 | €61,645 | -€29,470 | -32.3% |
| Tax-exempt reserves | 132 | €88,410 | €58,940 | -€29,470 | -33.3% |
| Distributable reserves | 133 | €2,705 | €2,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €255,362 | €404,725 | +€149,363 | +58.5% |
| Amounts payable within one year | 42/48 | €255,362 | €404,561 | +€149,199 | +58.4% |
| Trade debts | 44 | €1,854 | €2,371 | +€517 | +27.9% |
| Suppliers | 440/4 | €1,854 | €2,371 | +€517 | +27.9% |
| Taxes, remuneration and social security | 45 | €5,651 | €3,202 | -€2,449 | -43.3% |
| Taxes | 450/3 | €5,651 | €2,602 | -€3,049 | -54.0% |
| Remuneration and social security | 454/9 | - | €600 | +€600 | |
| Other amounts payable | 47/48 | €247,857 | €398,988 | +€151,131 | +61.0% |
| Accrued charges and deferred income | 492/3 | €0 | €164 | +€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | €752 | +€63 | +9.2% |
| Other operating charges | 640/8 | €502 | €463 | -€39 | -7.8% |
| Gross operating margin | 9900 | €197,602 | €219,850 | +€22,248 | +11.3% |
| Operating profit (loss) | 9901 | €196,411 | €218,635 | +€22,224 | +11.3% |
| Financial income | 75/76B | €2,069 | €9,678 | +€7,609 | +367.8% |
| Recurring financial income | 75 | €2,069 | €9,678 | +€7,609 | +367.8% |
| Financial charges | 65/66B | €306 | €278 | -€28 | -9.1% |
| Recurring financial charges | 65 | €306 | €278 | -€28 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €198,174 | €228,034 | +€29,861 | +15.1% |
| Income taxes | 67/77 | €46,019 | €53,380 | +€7,361 | +16.0% |
| Profit (loss) for the period | 9904 | €152,155 | €174,655 | +€22,500 | +14.8% |
| Transfer from tax-exempt reserves | 789 | - | €29,470 | +€29,470 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €152,155 | €204,125 | +€51,970 | +34.2% |
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.