FATEH: 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.
FATEH
Largest movements
- Receivables within one year -€56,753
no longer reported in 2025 (was €56,753)
- Tangible fixed assets -€36,803
down €36,803 (-46.0%), from €80,072 to €43,269
of which Furniture and vehicles: -€35,730
- Stocks and contracts +€23,880
up €23,880 (+147.9%), from €16,148 to €40,027
- Cash -€4,599
down €4,599 (-41.4%), from €11,113 to €6,514
mainly Trade debts (-€62,813) and Stocks and contracts (-€23,880)
- Trade debts -€62,813
down €62,813 (-95.5%), from €65,769 to €2,956
- Profit (loss) carried forward -€5,611
down €5,611 (-11.7%), from €47,781 to €42,170
- Other debts -€5,534
down €5,534 (-88.6%), from €6,245 to €711
- Turnover -€85,780
down €85,780 (-25.2%), from €339,726 to €253,946
- Purchases and services -€48,642
down €48,642 (-16.4%), from €295,892 to €247,250
- Gross operating margin -€21,581
down €21,581 (-41.9%), from €51,475 to €29,894
- Depreciation -€11,410
down €11,410 (-35.7%), from €31,948 to €20,537
- Other operating charges -€4,558
down €4,558 (-56.5%), from €8,067 to €3,509
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 | €164,429 | €90,154 | -€74,275 | -45.2% |
| Fixed assets | 21/28 | €80,072 | €43,269 | -€36,803 | -46.0% |
| Tangible fixed assets | 22/27 | €80,072 | €43,269 | -€36,803 | -46.0% |
| Plant, machinery and equipment | 23 | €934 | €624 | -€310 | -33.2% |
| Furniture and vehicles | 24 | €74,438 | €38,708 | -€35,730 | -48.0% |
| Other tangible fixed assets | 26 | €4,700 | €3,936 | -€764 | -16.2% |
| Current assets | 29/58 | €84,357 | €46,885 | -€37,472 | -44.4% |
| Stocks and contracts in progress | 3 | €16,148 | €40,027 | +€23,880 | +147.9% |
| Stocks | 30/36 | €16,148 | €40,027 | +€23,880 | +147.9% |
| Amounts receivable within one year | 40/41 | €56,753 | - | -€56,753 | |
| Trade receivables | 40 | €56,753 | - | -€56,753 | |
| Cash at bank and in hand | 54/58 | €11,113 | €6,514 | -€4,599 | -41.4% |
| Deferred charges and accrued income | 490/1 | €343 | €343 | = | 0.0% |
| Total equity and liabilities | 10/49 | €164,429 | €90,154 | -€74,275 | -45.2% |
| Equity | 10/15 | €81,543 | €75,932 | -€5,611 | -6.9% |
| Contributions | 10/11 | €32,200 | €32,200 | = | 0.0% |
| Reserves | 13 | €1,562 | €1,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,562 | €1,562 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,562 | €1,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,781 | €42,170 | -€5,611 | -11.7% |
| Amounts payable | 17/49 | €82,886 | €14,222 | -€68,664 | -82.8% |
| Amounts payable within one year | 42/48 | €82,886 | €14,222 | -€68,664 | -82.8% |
| Trade debts | 44 | €65,769 | €2,956 | -€62,813 | -95.5% |
| Suppliers | 440/4 | €65,769 | €2,956 | -€62,813 | -95.5% |
| Taxes, remuneration and social security | 45 | €10,872 | €10,556 | -€317 | -2.9% |
| Taxes | 450/3 | €9,851 | €6,036 | -€3,815 | -38.7% |
| Remuneration and social security | 454/9 | €1,021 | €4,519 | +€3,498 | +342.5% |
| Other amounts payable | 47/48 | €6,245 | €711 | -€5,534 | -88.6% |
| Turnover | 70 | €339,726 | €253,946 | -€85,780 | -25.2% |
| Non-recurring operating income | 76A | €320 | €5,202 | +€4,882 | +1525.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €295,892 | €247,250 | -€48,642 | -16.4% |
| Remuneration, social security and pensions | 62 | €13,682 | €10,991 | -€2,691 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,948 | €20,537 | -€11,410 | -35.7% |
| Other operating charges | 640/8 | €8,067 | €3,509 | -€4,558 | -56.5% |
| Gross operating margin | 9900 | €51,475 | €29,894 | -€21,581 | -41.9% |
| Operating profit (loss) | 9901 | -€2,222 | -€5,143 | -€2,921 | -131.5% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,070 | €478 | -€592 | -55.3% |
| Recurring financial charges | 65 | €1,070 | €478 | -€592 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,292 | -€5,611 | -€2,319 | -70.4% |
| Income taxes | 67/77 | €2,694 | - | -€2,694 | |
| Profit (loss) for the period | 9904 | -€5,986 | -€5,611 | +€375 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,986 | -€5,611 | +€375 | +6.3% |
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 6 October 2026 via checked.be.