Fassaade: 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.
Fassaade
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Cash -€76,386
down €76,386 (-54.3%), from €140,703 to €64,317
mainly Current investments (-€180,000) and Current portion of long-term debt (-€7,701)
- Tangible fixed assets -€6,835
down €6,835 (-50.4%), from €13,564 to €6,729
- Receivables within one year +€3,630
up €3,630 (+25.0%), from €14,520 to €18,150
- Reserves +€93,520
up €93,520 (+81.5%), from €114,810 to €208,330
- Tax, wage and social debts +€14,524
up €14,524 (+37.0%), from €39,243 to €53,768
- Current portion of long-term debt -€7,701
down €7,701 (-91.5%), from €8,416 to €715
- Gross operating margin +€28,623
up €28,623 (+29.6%), from €96,773 to €125,396
- Taxes +€7,412
up €7,412 (+39.5%), from €18,751 to €26,163
- Financial income +€2,701
up €2,701 (+982%), from €275 to €2,976
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 | €168,786 | €269,196 | +€100,409 | +59.5% |
| Fixed assets | 21/28 | €13,564 | €6,729 | -€6,835 | -50.4% |
| Tangible fixed assets | 22/27 | €13,564 | €6,729 | -€6,835 | -50.4% |
| Furniture and vehicles | 24 | €13,564 | €6,729 | -€6,835 | -50.4% |
| Current assets | 29/58 | €155,223 | €262,467 | +€107,244 | +69.1% |
| Amounts receivable within one year | 40/41 | €14,520 | €18,150 | +€3,630 | +25.0% |
| Trade receivables | 40 | €14,520 | €18,150 | +€3,630 | +25.0% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €140,703 | €64,317 | -€76,386 | -54.3% |
| Total equity and liabilities | 10/49 | €168,786 | €269,196 | +€100,409 | +59.5% |
| Equity | 10/15 | €119,810 | €213,330 | +€93,520 | +78.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,810 | €208,330 | +€93,520 | +81.5% |
| Distributable reserves | 133 | €114,810 | €208,330 | +€93,520 | +81.5% |
| Amounts payable | 17/49 | €48,976 | €55,865 | +€6,889 | +14.1% |
| Amounts payable after more than one year | 17 | €715 | €0 | -€715 | -100% |
| Financial debts | 170/4 | €715 | €0 | -€715 | -100% |
| Amounts payable within one year | 42/48 | €48,261 | €55,865 | +€7,604 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €8,416 | €715 | -€7,701 | -91.5% |
| Trade debts | 44 | €570 | €1,351 | +€781 | +137% |
| Suppliers | 440/4 | €570 | €1,351 | +€781 | +137% |
| Taxes, remuneration and social security | 45 | €39,243 | €53,768 | +€14,524 | +37.0% |
| Taxes | 450/3 | €39,243 | €53,768 | +€14,524 | +37.0% |
| Other amounts payable | 47/48 | €31 | €31 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,835 | €6,835 | = | 0.0% |
| Other operating charges | 640/8 | €1,124 | €1,548 | +€424 | +37.7% |
| Gross operating margin | 9900 | €96,773 | €125,396 | +€28,623 | +29.6% |
| Operating profit (loss) | 9901 | €88,814 | €117,014 | +€28,199 | +31.8% |
| Financial income | 75/76B | €275 | €2,976 | +€2,701 | +982% |
| Recurring financial income | 75 | €275 | €2,976 | +€2,701 | +982% |
| Financial charges | 65/66B | €517 | €306 | -€211 | -40.8% |
| Recurring financial charges | 65 | €517 | €306 | -€211 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €88,572 | €119,683 | +€31,111 | +35.1% |
| Income taxes | 67/77 | €18,751 | €26,163 | +€7,412 | +39.5% |
| Profit (loss) for the period | 9904 | €69,821 | €93,520 | +€23,699 | +33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €69,821 | €93,520 | +€23,699 | +33.9% |
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 13 October 2026 via checked.be.