FAT & CURIOUS: 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.
FAT & CURIOUS
Largest movements
- Receivables within one year -€27,591
down €27,591 (-60.9%), from €45,305 to €17,714
of which Trade receivables: -€25,245
- Tangible fixed assets -€20,917
down €20,917 (-27.3%), from €76,629 to €55,711
of which Plant, machinery and equipment: -€24,063
- Cash +€17,482
up €17,482 (+46.6%), from €37,516 to €54,998
mainly Depreciation (+€28,706) and Receivables within one year (+€27,591)
- Stocks and contracts -€11,874
down €11,874 (-54.8%), from €21,651 to €9,777
- Trade debts -€40,881
down €40,881 (-97.9%), from €41,769 to €888
of which Suppliers: -€41,769
- Reserves +€22,000
up €22,000 (+1100.0%), from €2,000 to €24,000
of which Distributable reserves: +€22,000
- Current portion of long-term debt -€20,251
no longer reported in 2025 (was €20,251)
- Other debts -€15,726
down €15,726 (-64.2%), from €24,483 to €8,757
- Tax, wage and social debts +€13,022
up €13,022 (+58.3%), from €22,353 to €35,375
- Gross operating margin +€26,392
up €26,392 (+14.4%), from €183,295 to €209,687
- Taxes +€15,754
up €15,754, from -€5,501 to €10,253
- Staff costs -€7,775
down €7,775 (-5.2%), from €150,967 to €143,191
- Other operating charges +€2,917
up €2,917 (+471.8%), from €618 to €3,535
- Depreciation +€2,770
up €2,770 (+10.7%), from €25,937 to €28,706
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 | €186,109 | €144,390 | -€41,720 | -22.4% |
| Fixed assets | 21/28 | €76,629 | €55,711 | -€20,917 | -27.3% |
| Tangible fixed assets | 22/27 | €76,629 | €55,711 | -€20,917 | -27.3% |
| Plant, machinery and equipment | 23 | €63,092 | €39,029 | -€24,063 | -38.1% |
| Furniture and vehicles | 24 | €13,537 | €16,683 | +€3,146 | +23.2% |
| Current assets | 29/58 | €109,481 | €88,678 | -€20,802 | -19.0% |
| Stocks and contracts in progress | 3 | €21,651 | €9,777 | -€11,874 | -54.8% |
| Stocks | 30/36 | €21,651 | €9,777 | -€11,874 | -54.8% |
| Amounts receivable within one year | 40/41 | €45,305 | €17,714 | -€27,591 | -60.9% |
| Trade receivables | 40 | €36,739 | €11,494 | -€25,245 | -68.7% |
| Other amounts receivable | 41 | €8,567 | €6,220 | -€2,346 | -27.4% |
| Cash at bank and in hand | 54/58 | €37,516 | €54,998 | +€17,482 | +46.6% |
| Deferred charges and accrued income | 490/1 | €5,008 | €6,189 | +€1,182 | +23.6% |
| Total equity and liabilities | 10/49 | €186,109 | €144,390 | -€41,720 | -22.4% |
| Equity | 10/15 | €77,254 | €99,371 | +€22,117 | +28.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €24,000 | +€22,000 | +1100.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €22,000 | +€22,000 | |
| Profit (loss) carried forward | 14 | €55,254 | €55,371 | +€117 | +0.2% |
| Amounts payable | 17/49 | €108,855 | €45,019 | -€63,836 | -58.6% |
| Amounts payable within one year | 42/48 | €108,855 | €45,019 | -€63,836 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €20,251 | - | -€20,251 | |
| Trade debts | 44 | €41,769 | €888 | -€40,881 | -97.9% |
| Suppliers | 440/4 | €41,769 | - | -€41,769 | |
| Bills of exchange payable | 441 | - | €888 | +€888 | |
| Taxes, remuneration and social security | 45 | €22,353 | €35,375 | +€13,022 | +58.3% |
| Taxes | 450/3 | €22,353 | €35,375 | +€13,022 | +58.3% |
| Other amounts payable | 47/48 | €24,483 | €8,757 | -€15,726 | -64.2% |
| Remuneration, social security and pensions | 62 | €150,967 | €143,191 | -€7,775 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,937 | €28,706 | +€2,770 | +10.7% |
| Other operating charges | 640/8 | €618 | €3,535 | +€2,917 | +471.8% |
| Gross operating margin | 9900 | €183,295 | €209,687 | +€26,392 | +14.4% |
| Operating profit (loss) | 9901 | €5,774 | €34,254 | +€28,480 | +493.3% |
| Financial income | 75/76B | €1,641 | €3,989 | +€2,348 | +143.1% |
| Recurring financial income | 75 | €1,641 | €3,989 | +€2,348 | +143.1% |
| Financial charges | 65/66B | €6,544 | €5,873 | -€670 | -10.2% |
| Recurring financial charges | 65 | €6,544 | €5,873 | -€670 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €871 | €32,370 | +€31,499 | +3615.3% |
| Income taxes | 67/77 | -€5,501 | €10,253 | +€15,754 | |
| Profit (loss) for the period | 9904 | €6,372 | €22,117 | +€15,744 | +247.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,372 | €22,117 | +€15,744 | +247.1% |
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 5 October 2026 via checked.be.