Fassada Systems: 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.
Fassada Systems
Largest movements
- Cash +€988,492
up €988,492 (+358.3%), from €275,870 to €1.3m
mainly Short-term financial debts (+€1.7m) and Depreciation (+€645,253)
- Tangible fixed assets +€928,476
up €928,476 (+450.8%), from €205,964 to €1.1m
of which Land and buildings: +€984,265
- Receivables within one year +€857,932
up €857,932 (+25.9%), from €3.3m to €4.2m
of which Trade receivables: +€870,455
- Intangible fixed assets -€443,767
down €443,767 (-34.9%), from €1.3m to €828,991
- Short-term financial debts +€1.7m
up €1.7m (+285.0%), from €600,000 to €2.3m
- Profit (loss) carried forward +€268,067
up €268,067, from -€118,052 to €150,016
- Other debts +€235,641
up €235,641 (+25.5%), from €925,667 to €1.2m
- Trade debts +€213,232
up €213,232 (+86.0%), from €247,947 to €461,179
- Current portion of long-term debt -€186,468
no longer reported in 2025 (was €186,468)
- Financial charges -€353,342
down €353,342 (-61.3%), from €576,122 to €222,781
of which Non-recurring financial charges: -€458,140
- Gross operating margin +€184,931
up €184,931 (+15.1%), from €1.2m to €1.4m
- Taxes +€83,528
new in 2025: €83,528
- Depreciation -€21,670
down €21,670 (-3.2%), from €666,923 to €645,253
- Staff costs +€18,088
up €18,088 (+19.2%), from €94,374 to €112,462
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 | €5,081,861 | €7,412,931 | +€2.3m | +45.9% |
| Fixed assets | 21/28 | €1,478,723 | €1,963,431 | +€484,709 | +32.8% |
| Intangible fixed assets | 21 | €1,272,758 | €828,991 | -€443,767 | -34.9% |
| Tangible fixed assets | 22/27 | €205,964 | €1,134,440 | +€928,476 | +450.8% |
| Land and buildings | 22 | - | €984,265 | +€984,265 | |
| Plant, machinery and equipment | 23 | €175,463 | €140,895 | -€34,568 | -19.7% |
| Furniture and vehicles | 24 | €30,501 | €9,280 | -€21,220 | -69.6% |
| Financial fixed assets | 28 | €1 | - | -€1 | |
| Current assets | 29/58 | €3,603,138 | €5,449,500 | +€1.8m | +51.2% |
| Stocks and contracts in progress | 3 | €17,000 | €17,000 | = | 0.0% |
| Stocks | 30/36 | €17,000 | €17,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,310,206 | €4,168,138 | +€857,932 | +25.9% |
| Trade receivables | 40 | €3,000,312 | €3,870,767 | +€870,455 | +29.0% |
| Other amounts receivable | 41 | €309,894 | €297,371 | -€12,523 | -4.0% |
| Cash at bank and in hand | 54/58 | €275,870 | €1,264,362 | +€988,492 | +358.3% |
| Deferred charges and accrued income | 490/1 | €62 | - | -€62 | |
| Total equity and liabilities | 10/49 | €5,081,861 | €7,412,931 | +€2.3m | +45.9% |
| Equity | 10/15 | €2,797,981 | €3,066,049 | +€268,067 | +9.6% |
| Contributions | 10/11 | €1,764,706 | €1,764,706 | = | 0.0% |
| Reserves | 13 | €1,151,327 | €1,151,327 | = | 0.0% |
| Non-distributable reserves | 130/1 | €600 | €600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €600 | €600 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,150,727 | €1,150,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,052 | €150,016 | +€268,067 | |
| Amounts payable | 17/49 | €2,283,879 | €4,346,883 | +€2.1m | +90.3% |
| Amounts payable after more than one year | 17 | €318,124 | €289,924 | -€28,200 | -8.9% |
| Financial debts | 170/4 | €318,124 | €289,924 | -€28,200 | -8.9% |
| Amounts payable within one year | 42/48 | €1,965,756 | €4,032,769 | +€2.1m | +105.2% |
| Current portion of amounts payable after more than one year | 42 | €186,468 | - | -€186,468 | |
| Financial debts | 43 | €600,000 | €2,310,000 | +€1.7m | +285.0% |
| Credit institutions | 430/8 | €600,000 | €2,310,000 | +€1.7m | +285.0% |
| Trade debts | 44 | €247,947 | €461,179 | +€213,232 | +86.0% |
| Suppliers | 440/4 | €247,947 | €461,179 | +€213,232 | +86.0% |
| Taxes, remuneration and social security | 45 | €5,673 | €100,282 | +€94,608 | +1667.6% |
| Taxes | 450/3 | - | €84,748 | +€84,748 | |
| Remuneration and social security | 454/9 | €5,673 | €15,534 | +€9,860 | +173.8% |
| Other amounts payable | 47/48 | €925,667 | €1,161,308 | +€235,641 | +25.5% |
| Accrued charges and deferred income | 492/3 | - | €24,190 | +€24,190 | |
| Remuneration, social security and pensions | 62 | €94,374 | €112,462 | +€18,088 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666,923 | €645,253 | -€21,670 | -3.2% |
| Other operating charges | 640/8 | €88,393 | €77,260 | -€11,133 | -12.6% |
| Gross operating margin | 9900 | €1,223,957 | €1,408,888 | +€184,931 | +15.1% |
| Operating profit (loss) | 9901 | €374,267 | €573,913 | +€199,646 | +53.3% |
| Financial income | 75/76B | €460 | €464 | +€4 | +0.8% |
| Recurring financial income | 75 | €233 | €464 | +€231 | +98.9% |
| Non-recurring financial income | 76B | €227 | - | -€227 | |
| Financial charges | 65/66B | €576,122 | €222,781 | -€353,342 | -61.3% |
| Recurring financial charges | 65 | €66,123 | €170,922 | +€104,799 | +158.5% |
| Non-recurring financial charges | 66B | €509,999 | €51,859 | -€458,140 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | -€201,395 | €351,596 | +€552,991 | |
| Income taxes | 67/77 | - | €83,528 | +€83,528 | |
| Profit (loss) for the period | 9904 | -€201,395 | €268,067 | +€469,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€201,395 | €268,067 | +€469,463 |
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 10 October 2026 via checked.be.