FASTNET: 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.
FASTNET
Largest movements
- Receivables within one year +€774,469
up €774,469 (+37.1%), from €2.1m to €2.9m
of which Other amounts receivable: +€777,434
- Cash -€280,586
down €280,586 (-27.1%), from €1.0m to €755,097
mainly Receivables within one year (-€774,469) and Trade debts (-€160,353)
- Intangible fixed assets -€264,293
down €264,293 (-41.8%), from €632,865 to €368,571
- Tax, wage and social debts +€234,044
up €234,044 (+35.3%), from €662,080 to €896,124
of which Remuneration and social security: +€172,586
- Reserves +€173,892
up €173,892 (+7.2%), from €2.4m to €2.6m
- Trade debts -€160,353
down €160,353 (-24.3%), from €660,266 to €499,913
- Staff costs +€544,467
up €544,467 (+14.7%), from €3.7m to €4.2m
- Gross operating margin +€522,863
up €522,863 (+12.1%), from €4.3m to €4.8m
- Taxes +€61,647
up €61,647 (+89.1%), from €69,166 to €130,813
- Depreciation -€48,816
down €48,816 (-14.9%), from €326,836 to €278,020
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 | €3,772,261 | €4,019,918 | +€247,657 | +6.6% |
| Fixed assets | 21/28 | €651,258 | €392,321 | -€258,937 | -39.8% |
| Intangible fixed assets | 21 | €632,865 | €368,571 | -€264,293 | -41.8% |
| Tangible fixed assets | 22/27 | €18,394 | €23,750 | +€5,357 | +29.1% |
| Plant, machinery and equipment | 23 | €17,641 | €23,190 | +€5,549 | +31.5% |
| Furniture and vehicles | 24 | €753 | €561 | -€192 | -25.5% |
| Current assets | 29/58 | €3,121,003 | €3,627,597 | +€506,594 | +16.2% |
| Amounts receivable within one year | 40/41 | €2,085,320 | €2,859,789 | +€774,469 | +37.1% |
| Trade receivables | 40 | €7,139 | €4,175 | -€2,965 | -41.5% |
| Other amounts receivable | 41 | €2,078,181 | €2,855,615 | +€777,434 | +37.4% |
| Cash at bank and in hand | 54/58 | €1,035,683 | €755,097 | -€280,586 | -27.1% |
| Deferred charges and accrued income | 490/1 | - | €12,711 | +€12,711 | |
| Total equity and liabilities | 10/49 | €3,772,261 | €4,019,918 | +€247,657 | +6.6% |
| Equity | 10/15 | €2,449,915 | €2,623,808 | +€173,892 | +7.1% |
| Contributions | 10/11 | €41,890 | €41,890 | = | 0.0% |
| Reserves | 13 | €2,408,025 | €2,581,917 | +€173,892 | +7.2% |
| Distributable reserves | 133 | €2,408,025 | €2,581,917 | +€173,892 | +7.2% |
| Amounts payable | 17/49 | €1,322,346 | €1,396,111 | +€73,765 | +5.6% |
| Amounts payable within one year | 42/48 | €1,322,346 | €1,396,111 | +€73,765 | +5.6% |
| Trade debts | 44 | €660,266 | €499,913 | -€160,353 | -24.3% |
| Suppliers | 440/4 | €660,266 | €499,913 | -€160,353 | -24.3% |
| Taxes, remuneration and social security | 45 | €662,080 | €896,124 | +€234,044 | +35.3% |
| Taxes | 450/3 | €82,349 | €143,807 | +€61,457 | +74.6% |
| Remuneration and social security | 454/9 | €579,730 | €752,317 | +€172,586 | +29.8% |
| Other amounts payable | 47/48 | €0 | €74 | +€74 | |
| Remuneration, social security and pensions | 62 | €3,699,629 | €4,244,096 | +€544,467 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326,836 | €278,020 | -€48,816 | -14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,404 | €11,642 | -€762 | -6.1% |
| Gross operating margin | 9900 | €4,316,786 | €4,839,649 | +€522,863 | +12.1% |
| Operating profit (loss) | 9901 | €277,918 | €305,892 | +€27,974 | +10.1% |
| Financial charges | 65/66B | €1,257 | €1,186 | -€70 | -5.6% |
| Recurring financial charges | 65 | €1,257 | €1,186 | -€70 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €276,661 | €304,706 | +€28,045 | +10.1% |
| Income taxes | 67/77 | €69,166 | €130,813 | +€61,647 | +89.1% |
| Profit (loss) for the period | 9904 | €207,495 | €173,892 | -€33,603 | -16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €207,495 | €173,892 | -€33,603 | -16.2% |
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 1 October 2026 via checked.be.