Fassado: 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.
Fassado
Largest movements
- Receivables within one year +€188,945
up €188,945 (+87.3%), from €216,400 to €405,345
of which Other amounts receivable: +€150,224
- Cash -€48,616
down €48,616 (-89.1%), from €54,540 to €5,924
mainly Receivables within one year (-€188,945) and Net result for the year (-€16,154)
- Stocks and contracts -€13,860
down €13,860 (-38.2%), from €36,275 to €22,415
of which Stocks: -€8,450
- Tangible fixed assets -€10,122
down €10,122 (-41.3%), from €24,526 to €14,405
of which Leasing and similar rights: -€9,882
- Deferred charges and accrued income +€5,650
up €5,650, from €0 to €5,650
- Trade debts +€156,732
up €156,732 (+73.2%), from €214,119 to €370,850
- Profit (loss) carried forward -€16,154
down €16,154 (-426.1%), from -€3,791 to -€19,945
- Other debts -€15,666
down €15,666 (-22.3%), from €70,348 to €54,682
- Tax, wage and social debts +€11,988
up €11,988 (+67.3%), from €17,806 to €29,793
of which Remuneration and social security: +€6,031
- Debts after one year -€6,153
down €6,153 (-50.6%), from €12,158 to €6,005
- Gross operating margin -€96,901
down €96,901 (-42.8%), from €226,657 to €129,756
- Staff costs -€12,484
down €12,484 (-9.0%), from €139,034 to €126,551
- Taxes -€9,323
down €9,323 (-98.1%), from €9,499 to €176
- Other operating charges -€3,752
down €3,752 (-52.8%), from €7,111 to €3,359
- Depreciation -€3,190
down €3,190 (-17.9%), from €17,812 to €14,623
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 | €331,741 | €453,738 | +€121,997 | +36.8% |
| Fixed assets | 21/28 | €24,526 | €14,405 | -€10,122 | -41.3% |
| Tangible fixed assets | 22/27 | €24,526 | €14,405 | -€10,122 | -41.3% |
| Plant, machinery and equipment | 23 | €2,874 | €1,502 | -€1,372 | -47.7% |
| Furniture and vehicles | 24 | €1,401 | €2,534 | +€1,133 | +80.8% |
| Leasing and similar rights | 25 | €20,251 | €10,368 | -€9,882 | -48.8% |
| Current assets | 29/58 | €307,215 | €439,334 | +€132,119 | +43.0% |
| Stocks and contracts in progress | 3 | €36,275 | €22,415 | -€13,860 | -38.2% |
| Stocks | 30/36 | €15,520 | €7,070 | -€8,450 | -54.4% |
| Contracts in progress | 37 | €20,755 | €15,345 | -€5,410 | -26.1% |
| Amounts receivable within one year | 40/41 | €216,400 | €405,345 | +€188,945 | +87.3% |
| Trade receivables | 40 | €207,745 | €246,466 | +€38,721 | +18.6% |
| Other amounts receivable | 41 | €8,655 | €158,879 | +€150,224 | +1735.6% |
| Cash at bank and in hand | 54/58 | €54,540 | €5,924 | -€48,616 | -89.1% |
| Deferred charges and accrued income | 490/1 | €0 | €5,650 | +€5,650 | |
| Total equity and liabilities | 10/49 | €331,741 | €453,738 | +€121,997 | +36.8% |
| Equity | 10/15 | €2,409 | -€13,745 | -€16,154 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,791 | -€19,945 | -€16,154 | -426.1% |
| Amounts payable | 17/49 | €329,332 | €467,484 | +€138,151 | +41.9% |
| Amounts payable after more than one year | 17 | €12,158 | €6,005 | -€6,153 | -50.6% |
| Financial debts | 170/4 | €12,158 | €6,005 | -€6,153 | -50.6% |
| Amounts payable within one year | 42/48 | €313,174 | €461,478 | +€148,305 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €10,901 | €6,153 | -€4,748 | -43.6% |
| Trade debts | 44 | €214,119 | €370,850 | +€156,732 | +73.2% |
| Suppliers | 440/4 | €214,119 | €370,850 | +€156,732 | +73.2% |
| Taxes, remuneration and social security | 45 | €17,806 | €29,793 | +€11,988 | +67.3% |
| Taxes | 450/3 | €13,354 | €19,311 | +€5,957 | +44.6% |
| Remuneration and social security | 454/9 | €4,452 | €10,483 | +€6,031 | +135.5% |
| Other amounts payable | 47/48 | €70,348 | €54,682 | -€15,666 | -22.3% |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €139,034 | €126,551 | -€12,484 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,812 | €14,623 | -€3,190 | -17.9% |
| Other operating charges | 640/8 | €7,111 | €3,359 | -€3,752 | -52.8% |
| Gross operating margin | 9900 | €226,657 | €129,756 | -€96,901 | -42.8% |
| Operating profit (loss) | 9901 | €62,699 | -€14,776 | -€77,475 | |
| Financial income | 75/76B | €917 | €0 | -€917 | -100.0% |
| Recurring financial income | 75 | €917 | €0 | -€917 | -100.0% |
| Financial charges | 65/66B | €1,977 | €1,202 | -€775 | -39.2% |
| Recurring financial charges | 65 | €1,977 | €1,202 | -€775 | -39.2% |
| Profit (loss) for the period before taxes | 9903 | €61,639 | -€15,978 | -€77,617 | |
| Income taxes | 67/77 | €9,499 | €176 | -€9,323 | -98.1% |
| Profit (loss) for the period | 9904 | €52,140 | -€16,154 | -€68,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,140 | -€16,154 | -€68,295 |
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 7 October 2026 via checked.be.