Fasweco: 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.
Fasweco
Largest movements
- Current investments -€750,000
no longer reported in 2025 (was €750,000)
- Cash +€644,689
up €644,689 (+227%), from €284,353 to €929,042
mainly Current investments (+€750,000) and Depreciation (+€74,269)
- Tangible fixed assets -€21,854
down €21,854 (-7.7%), from €284,252 to €262,398
of which Furniture and vehicles: -€48,744
- Reserves -€132,830
down €132,830 (-10.0%), from €1.3m to €1.2m
- Tax, wage and social debts -€18,532
down €18,532 (-87.0%), from €21,310 to €2,778
of which Taxes: -€17,757
- Gross operating margin -€12,202
down €12,202 (-43.9%), from -€27,781 to -€39,983
- Depreciation +€10,316
up €10,316 (+16.1%), from €63,953 to €74,269
- Staff costs -€2,323
down €2,323 (-5.9%), from €39,108 to €36,785
- Financial income -€1,855
down €1,855 (-8.8%), from €21,117 to €19,262
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 | €1,413,454 | €1,270,429 | -€143,025 | -10.1% |
| Fixed assets | 21/28 | €284,252 | €262,398 | -€21,854 | -7.7% |
| Tangible fixed assets | 22/27 | €284,252 | €262,398 | -€21,854 | -7.7% |
| Plant, machinery and equipment | 23 | €2,642 | €27,837 | +€25,195 | +954% |
| Furniture and vehicles | 24 | €202,112 | €153,368 | -€48,744 | -24.1% |
| Other tangible fixed assets | 26 | €79,498 | €81,192 | +€1,695 | +2.1% |
| Current assets | 29/58 | €1,129,202 | €1,008,031 | -€121,171 | -10.7% |
| Stocks and contracts in progress | 3 | €31,658 | €19,580 | -€12,078 | -38.2% |
| Stocks | 30/36 | €31,658 | €19,580 | -€12,078 | -38.2% |
| Amounts receivable within one year | 40/41 | €62,618 | €59,306 | -€3,312 | -5.3% |
| Trade receivables | 40 | €46,710 | €44,490 | -€2,220 | -4.8% |
| Other amounts receivable | 41 | €15,908 | €14,816 | -€1,092 | -6.9% |
| Current investments | 50/53 | €750,000 | - | -€750,000 | |
| Cash at bank and in hand | 54/58 | €284,353 | €929,042 | +€644,689 | +227% |
| Deferred charges and accrued income | 490/1 | €574 | €104 | -€470 | -81.9% |
| Total equity and liabilities | 10/49 | €1,413,454 | €1,270,429 | -€143,025 | -10.1% |
| Equity | 10/15 | €1,334,362 | €1,201,532 | -€132,830 | -10.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,324,362 | €1,191,532 | -€132,830 | -10.0% |
| Distributable reserves | 133 | €1,324,362 | €1,191,532 | -€132,830 | -10.0% |
| Amounts payable | 17/49 | €79,092 | €68,897 | -€10,195 | -12.9% |
| Amounts payable within one year | 42/48 | €79,092 | €68,897 | -€10,195 | -12.9% |
| Trade debts | 44 | €9,431 | €17,151 | +€7,719 | +81.8% |
| Suppliers | 440/4 | €9,431 | €17,151 | +€7,719 | +81.8% |
| Taxes, remuneration and social security | 45 | €21,310 | €2,778 | -€18,532 | -87.0% |
| Taxes | 450/3 | €18,756 | €998 | -€17,757 | -94.7% |
| Remuneration and social security | 454/9 | €2,554 | €1,780 | -€774 | -30.3% |
| Other amounts payable | 47/48 | €48,350 | €48,968 | +€617 | +1.3% |
| Remuneration, social security and pensions | 62 | €39,108 | €36,785 | -€2,323 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,953 | €74,269 | +€10,316 | +16.1% |
| Other operating charges | 640/8 | €520 | €897 | +€377 | +72.5% |
| Gross operating margin | 9900 | -€27,781 | -€39,983 | -€12,202 | -43.9% |
| Operating profit (loss) | 9901 | -€131,362 | -€151,935 | -€20,572 | -15.7% |
| Financial income | 75/76B | €21,117 | €19,262 | -€1,855 | -8.8% |
| Recurring financial income | 75 | €21,117 | €19,262 | -€1,855 | -8.8% |
| Financial charges | 65/66B | €134 | €75 | -€59 | -44.1% |
| Recurring financial charges | 65 | €134 | €75 | -€59 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | -€110,379 | -€132,748 | -€22,368 | -20.3% |
| Income taxes | 67/77 | €93 | €82 | -€11 | -11.4% |
| Profit (loss) for the period | 9904 | -€110,473 | -€132,830 | -€22,358 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€110,473 | -€132,830 | -€22,358 | -20.2% |
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 16 October 2026 via checked.be.