FASSADE: 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.
FASSADE
Largest movements
- Tangible fixed assets +€100,369
up €100,369 (+62.2%), from €161,493 to €261,863
- Stocks and contracts +€35,025
up €35,025 (+82.9%), from €42,268 to €77,293
- Cash -€14,306
down €14,306 (-18.7%), from €76,637 to €62,331
mainly Investment in fixed assets (net) (-€150,615) and Stocks and contracts (-€35,025)
- Receivables within one year +€13,181
up €13,181 (+3.9%), from €334,785 to €347,966
of which Trade receivables: +€41,765
- Profit (loss) carried forward +€63,316
up €63,316 (+135.2%), from €46,844 to €110,160
- Debts after one year +€40,011
up €40,011 (+40.8%), from €98,001 to €138,012
- Trade debts +€32,078
up €32,078 (+13.8%), from €233,107 to €265,185
- Short-term financial debts -€25,000
down €25,000 (-29.4%), from €85,000 to €60,000
- Tax, wage and social debts +€18,099
up €18,099 (+57.4%), from €31,550 to €49,649
of which Taxes: +€11,798
- Gross operating margin +€151,612
up €151,612 (+85.4%), from €177,434 to €329,045
- Staff costs +€88,694
up €88,694 (+106.9%), from €82,946 to €171,640
- Depreciation +€20,876
up €20,876 (+71.1%), from €29,369 to €50,245
- Other operating charges +€10,244
up €10,244 (+353.2%), from €2,900 to €13,144
- Financial charges +€7,528
up €7,528 (+157.0%), from €4,794 to €12,323
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 | €621,551 | €753,073 | +€131,523 | +21.2% |
| Fixed assets | 21/28 | €161,493 | €261,863 | +€100,369 | +62.2% |
| Tangible fixed assets | 22/27 | €161,493 | €261,863 | +€100,369 | +62.2% |
| Plant, machinery and equipment | 23 | €62,222 | €104,750 | +€42,528 | +68.3% |
| Furniture and vehicles | 24 | €57,189 | €94,679 | +€37,491 | +65.6% |
| Leasing and similar rights | 25 | €42,083 | €62,434 | +€20,351 | +48.4% |
| Current assets | 29/58 | €460,057 | €491,210 | +€31,153 | +6.8% |
| Stocks and contracts in progress | 3 | €42,268 | €77,293 | +€35,025 | +82.9% |
| Stocks | 30/36 | €42,268 | €77,293 | +€35,025 | +82.9% |
| Amounts receivable within one year | 40/41 | €334,785 | €347,966 | +€13,181 | +3.9% |
| Trade receivables | 40 | €269,709 | €311,474 | +€41,765 | +15.5% |
| Other amounts receivable | 41 | €65,076 | €36,492 | -€28,585 | -43.9% |
| Cash at bank and in hand | 54/58 | €76,637 | €62,331 | -€14,306 | -18.7% |
| Deferred charges and accrued income | 490/1 | €6,366 | €3,620 | -€2,746 | -43.1% |
| Total equity and liabilities | 10/49 | €621,551 | €753,073 | +€131,523 | +21.2% |
| Equity | 10/15 | €136,867 | €200,183 | +€63,316 | +46.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €86,024 | €86,024 | = | 0.0% |
| Distributable reserves | 133 | €86,024 | €86,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,844 | €110,160 | +€63,316 | +135.2% |
| Amounts payable | 17/49 | €484,683 | €552,890 | +€68,207 | +14.1% |
| Amounts payable after more than one year | 17 | €98,001 | €138,012 | +€40,011 | +40.8% |
| Financial debts | 170/4 | €98,001 | €138,012 | +€40,011 | +40.8% |
| Amounts payable within one year | 42/48 | €386,683 | €414,878 | +€28,196 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €24,437 | €40,043 | +€15,606 | +63.9% |
| Financial debts | 43 | €85,000 | €60,000 | -€25,000 | -29.4% |
| Credit institutions | 430/8 | €85,000 | €60,000 | -€25,000 | -29.4% |
| Trade debts | 44 | €233,107 | €265,185 | +€32,078 | +13.8% |
| Suppliers | 440/4 | €233,107 | €265,185 | +€32,078 | +13.8% |
| Taxes, remuneration and social security | 45 | €31,550 | €49,649 | +€18,099 | +57.4% |
| Taxes | 450/3 | €15,844 | €27,643 | +€11,798 | +74.5% |
| Remuneration and social security | 454/9 | €15,706 | €22,007 | +€6,301 | +40.1% |
| Other amounts payable | 47/48 | €12,588 | - | -€12,588 | |
| Remuneration, social security and pensions | 62 | €82,946 | €171,640 | +€88,694 | +106.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,369 | €50,245 | +€20,876 | +71.1% |
| Other operating charges | 640/8 | €2,900 | €13,144 | +€10,244 | +353.2% |
| Gross operating margin | 9900 | €177,434 | €329,045 | +€151,612 | +85.4% |
| Operating profit (loss) | 9901 | €62,219 | €94,016 | +€31,798 | +51.1% |
| Financial income | 75/76B | €3,706 | €1,708 | -€1,999 | -53.9% |
| Recurring financial income | 75 | €3,706 | €1,708 | -€1,999 | -53.9% |
| Financial charges | 65/66B | €4,794 | €12,323 | +€7,528 | +157.0% |
| Recurring financial charges | 65 | €4,794 | €12,323 | +€7,528 | +157.0% |
| Profit (loss) for the period before taxes | 9903 | €61,130 | €83,401 | +€22,271 | +36.4% |
| Income taxes | 67/77 | €14,286 | €20,085 | +€5,799 | +40.6% |
| Profit (loss) for the period | 9904 | €46,844 | €63,316 | +€16,472 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,844 | €63,316 | +€16,472 | +35.2% |
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 11 October 2026 via checked.be.