FASTELEC: 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.
FASTELEC
Largest movements
- Cash -€50,215
down €50,215 (-56.7%), from €88,587 to €38,372
mainly Debts after one year (-€48,078) and Investment in fixed assets (net) (-€19,037)
- Receivables after one year -€15,000
no longer reported in 2025 (was €15,000)
- Deferred charges and accrued income +€11,312
up €11,312 (+386.5%), from €2,927 to €14,239
- Tangible fixed assets +€9,596
up €9,596 (+77.5%), from €12,380 to €21,976
of which Furniture and vehicles: +€9,392
- Debts after one year -€48,078
down €48,078 (-18.8%), from €255,751 to €207,673
- Profit (loss) carried forward +€14,285
up €14,285 (+3.2%), from €443,018 to €457,303
- Gross operating margin -€39,291
down €39,291 (-26.6%), from €147,811 to €108,520
- Taxes -€4,135
down €4,135 (-35.6%), from €11,612 to €7,477
- Depreciation +€3,179
up €3,179 (+49.6%), from €6,412 to €9,591
- Staff costs -€2,018
down €2,018 (-3.1%), from €66,046 to €64,028
- Financial charges -€1,940
down €1,940 (-13.9%), from €13,945 to €12,005
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 | €819,263 | €774,662 | -€44,601 | -5.4% |
| Fixed assets | 21/28 | €569,646 | €579,092 | +€9,446 | +1.7% |
| Intangible fixed assets | 21 | €278 | €128 | -€150 | -54.0% |
| Tangible fixed assets | 22/27 | €12,380 | €21,976 | +€9,596 | +77.5% |
| Plant, machinery and equipment | 23 | €5,366 | €5,570 | +€204 | +3.8% |
| Furniture and vehicles | 24 | €7,014 | €16,406 | +€9,392 | +133.9% |
| Financial fixed assets | 28 | €556,988 | €556,988 | = | 0.0% |
| Current assets | 29/58 | €249,617 | €195,570 | -€54,047 | -21.7% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 291 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €143,103 | €142,959 | -€144 | -0.1% |
| Trade receivables | 40 | €65,222 | €66,758 | +€1,536 | +2.4% |
| Other amounts receivable | 41 | €77,881 | €76,201 | -€1,680 | -2.2% |
| Cash at bank and in hand | 54/58 | €88,587 | €38,372 | -€50,215 | -56.7% |
| Deferred charges and accrued income | 490/1 | €2,927 | €14,239 | +€11,312 | +386.5% |
| Total equity and liabilities | 10/49 | €819,263 | €774,662 | -€44,601 | -5.4% |
| Equity | 10/15 | €455,518 | €469,803 | +€14,285 | +3.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,018 | €457,303 | +€14,285 | +3.2% |
| Amounts payable | 17/49 | €363,745 | €304,859 | -€58,886 | -16.2% |
| Amounts payable after more than one year | 17 | €255,751 | €207,673 | -€48,078 | -18.8% |
| Financial debts | 170/4 | €255,751 | €207,673 | -€48,078 | -18.8% |
| Amounts payable within one year | 42/48 | €107,994 | €97,186 | -€10,808 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €49,692 | €48,078 | -€1,614 | -3.2% |
| Trade debts | 44 | €35,054 | €32,205 | -€2,849 | -8.1% |
| Suppliers | 440/4 | €35,054 | €32,205 | -€2,849 | -8.1% |
| Taxes, remuneration and social security | 45 | €23,248 | €16,617 | -€6,631 | -28.5% |
| Taxes | 450/3 | €15,505 | €9,737 | -€5,768 | -37.2% |
| Remuneration and social security | 454/9 | €7,743 | €6,880 | -€863 | -11.1% |
| Other amounts payable | 47/48 | - | €286 | +€286 | |
| Non-recurring operating income | 76A | €3,388 | €1,654 | -€1,734 | -51.2% |
| Remuneration, social security and pensions | 62 | €66,046 | €64,028 | -€2,018 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,412 | €9,591 | +€3,179 | +49.6% |
| Other operating charges | 640/8 | €1,858 | €1,453 | -€405 | -21.8% |
| Gross operating margin | 9900 | €147,811 | €108,520 | -€39,291 | -26.6% |
| Operating profit (loss) | 9901 | €73,495 | €33,448 | -€40,047 | -54.5% |
| Financial income | 75/76B | €24 | €319 | +€295 | +1229.2% |
| Recurring financial income | 75 | €24 | €319 | +€295 | +1229.2% |
| Financial charges | 65/66B | €13,945 | €12,005 | -€1,940 | -13.9% |
| Recurring financial charges | 65 | €13,945 | €12,005 | -€1,940 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €59,574 | €21,762 | -€37,812 | -63.5% |
| Income taxes | 67/77 | €11,612 | €7,477 | -€4,135 | -35.6% |
| Profit (loss) for the period | 9904 | €47,962 | €14,285 | -€33,677 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,962 | €14,285 | -€33,677 | -70.2% |
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 10 October 2026 via checked.be.