FATOM: 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.
FATOM
Largest movements
- Stocks and contracts +€130,783
up €130,783 (+46.8%), from €279,618 to €410,401
- Receivables within one year +€36,393
up €36,393 (+68.8%), from €52,881 to €89,274
of which Trade receivables: +€32,778
- Cash +€13,531
up €13,531 (+109.3%), from €12,378 to €25,909
mainly Short-term financial debts (+€272,000) and Trade debts (+€61,289)
- Deferred charges and accrued income +€9,876
up €9,876 (+47.9%), from €20,624 to €30,501
- Tangible fixed assets -€7,288
down €7,288 (-14.5%), from €50,341 to €43,053
- Short-term financial debts +€272,000
new in 2025: €272,000
- Debts after one year -€144,605
down €144,605 (-55.7%), from €259,605 to €115,000
- Trade debts +€61,289
up €61,289 (+681.8%), from €8,990 to €70,279
- Reserves +€21,403
up €21,403 (+44.6%), from €47,939 to €69,342
of which Distributable reserves: +€21,403
- Other debts -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Gross operating margin -€56,274
down €56,274 (-45.9%), from €122,539 to €66,264
- Staff costs -€26,082
down €26,082 (-100.0%), from €26,082 to €0
- Taxes -€10,636
down €10,636 (-57.2%), from €18,604 to €7,968
- Financial charges +€6,671
up €6,671 (+223.7%), from €2,982 to €9,653
- Depreciation -€5,174
down €5,174 (-34.7%), from €14,907 to €9,733
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 | €415,842 | €599,137 | +€183,295 | +44.1% |
| Fixed assets | 21/28 | €50,341 | €43,053 | -€7,288 | -14.5% |
| Tangible fixed assets | 22/27 | €50,341 | €43,053 | -€7,288 | -14.5% |
| Plant, machinery and equipment | 23 | €6,395 | €6,455 | +€60 | +0.9% |
| Furniture and vehicles | 24 | €10,688 | €8,290 | -€2,398 | -22.4% |
| Leasing and similar rights | 25 | €1,969 | €410 | -€1,559 | -79.2% |
| Other tangible fixed assets | 26 | €31,289 | €27,898 | -€3,391 | -10.8% |
| Current assets | 29/58 | €365,501 | €556,084 | +€190,583 | +52.1% |
| Stocks and contracts in progress | 3 | €279,618 | €410,401 | +€130,783 | +46.8% |
| Stocks | 30/36 | €279,618 | €410,401 | +€130,783 | +46.8% |
| Amounts receivable within one year | 40/41 | €52,881 | €89,274 | +€36,393 | +68.8% |
| Trade receivables | 40 | €38,255 | €71,033 | +€32,778 | +85.7% |
| Other amounts receivable | 41 | €14,626 | €18,241 | +€3,615 | +24.7% |
| Cash at bank and in hand | 54/58 | €12,378 | €25,909 | +€13,531 | +109.3% |
| Deferred charges and accrued income | 490/1 | €20,624 | €30,501 | +€9,876 | +47.9% |
| Total equity and liabilities | 10/49 | €415,842 | €599,137 | +€183,295 | +44.1% |
| Equity | 10/15 | €107,939 | €129,342 | +€21,403 | +19.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €47,939 | €69,342 | +€21,403 | +44.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €47,939 | €69,342 | +€21,403 | +44.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,903 | €469,795 | +€161,891 | +52.6% |
| Amounts payable after more than one year | 17 | €259,605 | €115,000 | -€144,605 | -55.7% |
| Financial debts | 170/4 | €259,605 | €115,000 | -€144,605 | -55.7% |
| Amounts payable within one year | 42/48 | €47,748 | €354,795 | +€307,047 | +643.1% |
| Current portion of amounts payable after more than one year | 42 | €9,414 | €605 | -€8,808 | -93.6% |
| Financial debts | 43 | - | €272,000 | +€272,000 | |
| Credit institutions | 430/8 | - | €272,000 | +€272,000 | |
| Trade debts | 44 | €8,990 | €70,279 | +€61,289 | +681.8% |
| Suppliers | 440/4 | €8,990 | €70,279 | +€61,289 | +681.8% |
| Taxes, remuneration and social security | 45 | €14,345 | €11,911 | -€2,434 | -17.0% |
| Taxes | 450/3 | €14,345 | €11,911 | -€2,434 | -17.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €550 | €0 | -€550 | -100.0% |
| Non-recurring operating income | 76A | €0 | €18,621 | +€18,621 | |
| Remuneration, social security and pensions | 62 | €26,082 | €0 | -€26,082 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,907 | €9,733 | -€5,174 | -34.7% |
| Other operating charges | 640/8 | €3,086 | €2,757 | -€329 | -10.7% |
| Non-recurring operating charges | 66A | - | €16,172 | +€16,172 | |
| Gross operating margin | 9900 | €122,539 | €66,264 | -€56,274 | -45.9% |
| Operating profit (loss) | 9901 | €78,464 | €37,603 | -€40,861 | -52.1% |
| Financial income | 75/76B | €104 | €1,422 | +€1,317 | +1261.0% |
| Recurring financial income | 75 | €104 | €1,422 | +€1,317 | +1261.0% |
| Financial charges | 65/66B | €2,982 | €9,653 | +€6,671 | +223.7% |
| Recurring financial charges | 65 | €2,982 | €9,653 | +€6,671 | +223.7% |
| Profit (loss) for the period before taxes | 9903 | €75,586 | €29,371 | -€46,215 | -61.1% |
| Income taxes | 67/77 | €18,604 | €7,968 | -€10,636 | -57.2% |
| Profit (loss) for the period | 9904 | €56,982 | €21,403 | -€35,579 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,982 | €21,403 | -€35,579 | -62.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.