Fastré Geert: 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.
Fastré Geert
Largest movements
- Tangible fixed assets +€108,993
up €108,993 (+18.3%), from €595,549 to €704,542
of which Land and buildings: +€164,125
- Cash +€95,920
up €95,920 (+57.1%), from €167,863 to €263,783
mainly Debts after one year (+€104,283) and Depreciation (+€93,745)
- Receivables within one year -€60,440
down €60,440 (-42.2%), from €143,358 to €82,918
of which Other amounts receivable: -€87,431
- Stocks and contracts +€20,498
up €20,498 (+50.9%), from €40,303 to €60,800
- Debts after one year +€104,283
up €104,283 (+26.2%), from €397,368 to €501,651
- Reserves +€63,641
up €63,641 (+17.1%), from €371,832 to €435,473
- Other debts -€26,297
down €26,297 (-96.1%), from €27,352 to €1,055
- Accrued charges and deferred income -€13,800
down €13,800 (-100%), from €13,800 to €0
- Advances received +€13,202
up €13,202 (+393%), from €3,356 to €16,558
- Staff costs -€85,820
down €85,820 (-20.9%), from €409,970 to €324,151
- Gross operating margin -€70,437
down €70,437 (-11.6%), from €604,760 to €534,323
- Depreciation +€37,730
up €37,730 (+67.4%), from €56,015 to €93,745
- Taxes -€11,431
down €11,431 (-30.7%), from €37,247 to €25,816
- Financial charges +€10,280
up €10,280 (+134%), from €7,677 to €17,957
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.
Derived cash bridge
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 | €973,153 | €1,128,768 | +€155,614 | +16.0% |
| Fixed assets | 21/28 | €595,549 | €704,542 | +€108,993 | +18.3% |
| Tangible fixed assets | 22/27 | €595,549 | €704,542 | +€108,993 | +18.3% |
| Land and buildings | 22 | €396,293 | €560,417 | +€164,125 | +41.4% |
| Plant, machinery and equipment | 23 | €19,917 | €18,660 | -€1,257 | -6.3% |
| Furniture and vehicles | 24 | €120,030 | €69,603 | -€50,427 | -42.0% |
| Other tangible fixed assets | 26 | €59,308 | €55,862 | -€3,447 | -5.8% |
| Current assets | 29/58 | €377,605 | €424,226 | +€46,621 | +12.3% |
| Stocks and contracts in progress | 3 | €40,303 | €60,800 | +€20,498 | +50.9% |
| Stocks | 30/36 | €40,303 | €60,800 | +€20,498 | +50.9% |
| Amounts receivable within one year | 40/41 | €143,358 | €82,918 | -€60,440 | -42.2% |
| Trade receivables | 40 | €51,914 | €78,905 | +€26,990 | +52.0% |
| Other amounts receivable | 41 | €91,444 | €4,013 | -€87,431 | -95.6% |
| Cash at bank and in hand | 54/58 | €167,863 | €263,783 | +€95,920 | +57.1% |
| Deferred charges and accrued income | 490/1 | €26,082 | €16,725 | -€9,356 | -35.9% |
| Total equity and liabilities | 10/49 | €973,153 | €1,128,768 | +€155,614 | +16.0% |
| Equity | 10/15 | €378,032 | €441,673 | +€63,641 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €371,832 | €435,473 | +€63,641 | +17.1% |
| Distributable reserves | 133 | €371,832 | €435,473 | +€63,641 | +17.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €595,122 | €687,095 | +€91,973 | +15.5% |
| Amounts payable after more than one year | 17 | €397,368 | €501,651 | +€104,283 | +26.2% |
| Financial debts | 170/4 | €397,368 | €501,651 | +€104,283 | +26.2% |
| Amounts payable within one year | 42/48 | €183,953 | €185,443 | +€1,490 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €51,687 | €55,717 | +€4,030 | +7.8% |
| Trade debts | 44 | €88,439 | €89,442 | +€1,003 | +1.1% |
| Suppliers | 440/4 | €88,439 | €89,442 | +€1,003 | +1.1% |
| Advances received on contracts in progress | 46 | €3,356 | €16,558 | +€13,202 | +393% |
| Taxes, remuneration and social security | 45 | €13,120 | €22,671 | +€9,551 | +72.8% |
| Taxes | 450/3 | €13,120 | €22,671 | +€9,551 | +72.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €27,352 | €1,055 | -€26,297 | -96.1% |
| Accrued charges and deferred income | 492/3 | €13,800 | €0 | -€13,800 | -100% |
| Non-recurring operating income | 76A | €8,682 | €17,492 | +€8,810 | +101% |
| Remuneration, social security and pensions | 62 | €409,970 | €324,151 | -€85,820 | -20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,015 | €93,745 | +€37,730 | +67.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,352 | €0 | +€1,352 | |
| Other operating charges | 640/8 | €5,730 | €5,194 | -€536 | -9.3% |
| Non-recurring operating charges | 66A | €0 | €6,664 | +€6,664 | |
| Gross operating margin | 9900 | €604,760 | €534,323 | -€70,437 | -11.6% |
| Operating profit (loss) | 9901 | €134,397 | €104,569 | -€29,828 | -22.2% |
| Financial income | 75/76B | €3,865 | €2,845 | -€1,020 | -26.4% |
| Recurring financial income | 75 | €3,865 | €2,845 | -€1,020 | -26.4% |
| Financial charges | 65/66B | €7,677 | €17,957 | +€10,280 | +134% |
| Recurring financial charges | 65 | €7,677 | €17,957 | +€10,280 | +134% |
| Profit (loss) for the period before taxes | 9903 | €130,585 | €89,457 | -€41,128 | -31.5% |
| Income taxes | 67/77 | €37,247 | €25,816 | -€11,431 | -30.7% |
| Profit (loss) for the period | 9904 | €93,338 | €63,641 | -€29,696 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,338 | €63,641 | -€29,696 | -31.8% |
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 21 October 2026 via checked.be.