FATEMA: 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.
FATEMA
Largest movements
- Cash -€4,013
down €4,013 (-100.0%), from €4,013 to €0
mainly Net result for the year (-€14,396) and Trade debts (-€3,049)
- Receivables within one year -€3,303
down €3,303 (-100.0%), from €3,303 to €0
- Stocks and contracts -€1,546
down €1,546 (-28.7%), from €5,388 to €3,842
- Tangible fixed assets -€569
down €569 (-34.8%), from €1,634 to €1,066
- Profit (loss) carried forward -€14,396
down €14,396 (-165.2%), from -€8,716 to -€23,112
- Short-term financial debts +€3,059
new in 2025: €3,059
- Trade debts -€3,049
down €3,049 (-61.6%), from €4,952 to €1,903
- Other debts +€2,345
new in 2025: €2,345
- Tax, wage and social debts +€1,885
up €1,885 (+72.4%), from €2,603 to €4,488
- Gross operating margin -€19,860
down €19,860 (-24.9%), from €79,878 to €60,018
- Staff costs -€10,085
down €10,085 (-12.7%), from €79,259 to €69,174
- Depreciation -€2,810
down €2,810 (-83.2%), from €3,379 to €569
- Other operating charges -€2,524
down €2,524 (-40.1%), from €6,294 to €3,770
- Taxes -€1,033
down €1,033 (-81.4%), from €1,269 to €236
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 | €18,738 | €9,308 | -€9,430 | -50.3% |
| Fixed assets | 21/28 | €6,034 | €5,466 | -€569 | -9.4% |
| Tangible fixed assets | 22/27 | €1,634 | €1,066 | -€569 | -34.8% |
| Furniture and vehicles | 24 | €1,634 | €1,066 | -€569 | -34.8% |
| Financial fixed assets | 28 | €4,400 | €4,400 | = | 0.0% |
| Current assets | 29/58 | €12,704 | €3,842 | -€8,861 | -69.8% |
| Stocks and contracts in progress | 3 | €5,388 | €3,842 | -€1,546 | -28.7% |
| Stocks | 30/36 | €5,388 | €3,842 | -€1,546 | -28.7% |
| Amounts receivable within one year | 40/41 | €3,303 | €0 | -€3,303 | -100.0% |
| Other amounts receivable | 41 | €3,303 | €0 | -€3,303 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,013 | €0 | -€4,013 | -100.0% |
| Total equity and liabilities | 10/49 | €18,738 | €9,308 | -€9,430 | -50.3% |
| Equity | 10/15 | €5,544 | -€8,852 | -€14,396 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,716 | -€23,112 | -€14,396 | -165.2% |
| Provisions and deferred taxes | 16 | €5,638 | €4,863 | -€775 | -13.7% |
| Provisions for liabilities and charges | 160/5 | €5,638 | €4,863 | -€775 | -13.7% |
| Other liabilities and charges | 164/5 | €5,638 | €4,863 | -€775 | -13.7% |
| Amounts payable | 17/49 | €7,555 | €13,296 | +€5,741 | +76.0% |
| Amounts payable within one year | 42/48 | €7,555 | €11,796 | +€4,241 | +56.1% |
| Financial debts | 43 | - | €3,059 | +€3,059 | |
| Credit institutions | 430/8 | - | €3,059 | +€3,059 | |
| Trade debts | 44 | €4,952 | €1,903 | -€3,049 | -61.6% |
| Suppliers | 440/4 | €4,952 | €1,903 | -€3,049 | -61.6% |
| Taxes, remuneration and social security | 45 | €2,603 | €4,488 | +€1,885 | +72.4% |
| Taxes | 450/3 | €2,603 | €4,488 | +€1,885 | +72.4% |
| Other amounts payable | 47/48 | - | €2,345 | +€2,345 | |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €79,259 | €69,174 | -€10,085 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €569 | -€2,810 | -83.2% |
| Other operating charges | 640/8 | €6,294 | €3,770 | -€2,524 | -40.1% |
| Gross operating margin | 9900 | €79,878 | €60,018 | -€19,860 | -24.9% |
| Operating profit (loss) | 9901 | -€9,054 | -€13,494 | -€4,440 | -49.0% |
| Financial income | 75/76B | €386 | €0 | -€386 | -100.0% |
| Recurring financial income | 75 | €386 | €0 | -€386 | -100.0% |
| Financial charges | 65/66B | €718 | €666 | -€52 | -7.2% |
| Recurring financial charges | 65 | €718 | €666 | -€52 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,386 | -€14,160 | -€4,774 | -50.9% |
| Income taxes | 67/77 | €1,269 | €236 | -€1,033 | -81.4% |
| Profit (loss) for the period | 9904 | -€10,655 | -€14,396 | -€3,741 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,655 | -€14,396 | -€3,741 | -35.1% |
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 12 October 2026 via checked.be.