FATUM: 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.
FATUM
Largest movements
- Current investments +€27,552
new in 2025: €27,552
- Cash +€22,298
up €22,298 (+23.5%), from €94,807 to €117,105
mainly Net result for the year (+€59,674) and Depreciation (+€16,541)
- Tangible fixed assets -€16,541
down €16,541 (-35.9%), from €46,059 to €29,518
of which Furniture and vehicles: -€14,497
- Reserves +€59,674
up €59,674 (+45.1%), from €132,186 to €191,860
- Current portion of long-term debt -€11,919
down €11,919 (-79.6%), from €14,981 to €3,063
- Tax, wage and social debts -€7,397
down €7,397 (-41.1%), from €17,991 to €10,593
of which Taxes: -€7,414
- Trade debts -€4,755
down €4,755 (-70.5%), from €6,747 to €1,992
- Debts after one year -€3,063
no longer reported in 2025 (was €3,063)
- Gross operating margin +€15,590
up €15,590 (+18.2%), from €85,616 to €101,206
- Taxes +€4,667
up €4,667 (+23.6%), from €19,766 to €24,433
- Depreciation -€1,503
down €1,503 (-8.3%), from €18,044 to €16,541
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 | €174,969 | €207,509 | +€32,540 | +18.6% |
| Fixed assets | 21/28 | €46,059 | €29,518 | -€16,541 | -35.9% |
| Tangible fixed assets | 22/27 | €46,059 | €29,518 | -€16,541 | -35.9% |
| Land and buildings | 22 | €3,757 | €3,339 | -€418 | -11.1% |
| Plant, machinery and equipment | 23 | €4,480 | €2,855 | -€1,625 | -36.3% |
| Furniture and vehicles | 24 | €37,821 | €23,324 | -€14,497 | -38.3% |
| Current assets | 29/58 | €128,910 | €177,991 | +€49,081 | +38.1% |
| Amounts receivable within one year | 40/41 | €31,287 | €32,074 | +€787 | +2.5% |
| Trade receivables | 40 | €16,456 | €16,262 | -€194 | -1.2% |
| Other amounts receivable | 41 | €14,831 | €15,811 | +€980 | +6.6% |
| Current investments | 50/53 | - | €27,552 | +€27,552 | |
| Cash at bank and in hand | 54/58 | €94,807 | €117,105 | +€22,298 | +23.5% |
| Deferred charges and accrued income | 490/1 | €2,816 | €1,260 | -€1,556 | -55.3% |
| Total equity and liabilities | 10/49 | €174,969 | €207,509 | +€32,540 | +18.6% |
| Equity | 10/15 | €132,187 | €191,861 | +€59,674 | +45.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €132,186 | €191,860 | +€59,674 | +45.1% |
| Distributable reserves | 133 | €132,186 | €191,860 | +€59,674 | +45.1% |
| Amounts payable | 17/49 | €42,782 | €15,648 | -€27,134 | -63.4% |
| Amounts payable after more than one year | 17 | €3,063 | - | -€3,063 | |
| Financial debts | 170/4 | €3,063 | - | -€3,063 | |
| Amounts payable within one year | 42/48 | €39,719 | €15,648 | -€24,071 | -60.6% |
| Current portion of amounts payable after more than one year | 42 | €14,981 | €3,063 | -€11,919 | -79.6% |
| Trade debts | 44 | €6,747 | €1,992 | -€4,755 | -70.5% |
| Suppliers | 440/4 | €6,747 | €1,992 | -€4,755 | -70.5% |
| Taxes, remuneration and social security | 45 | €17,991 | €10,593 | -€7,397 | -41.1% |
| Taxes | 450/3 | €15,404 | €7,990 | -€7,414 | -48.1% |
| Remuneration and social security | 454/9 | €2,586 | €2,603 | +€17 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,044 | €16,541 | -€1,503 | -8.3% |
| Other operating charges | 640/8 | €270 | €262 | -€7 | -2.6% |
| Gross operating margin | 9900 | €85,616 | €101,206 | +€15,590 | +18.2% |
| Operating profit (loss) | 9901 | €67,303 | €84,403 | +€17,100 | +25.4% |
| Financial income | 75/76B | €2 | €830 | +€828 | +52409.5% |
| Recurring financial income | 75 | €2 | €830 | +€828 | +52409.5% |
| Financial charges | 65/66B | €1,345 | €1,126 | -€219 | -16.3% |
| Recurring financial charges | 65 | €1,345 | €1,126 | -€219 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €65,960 | €84,107 | +€18,147 | +27.5% |
| Income taxes | 67/77 | €19,766 | €24,433 | +€4,667 | +23.6% |
| Profit (loss) for the period | 9904 | €46,194 | €59,674 | +€13,480 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,194 | €59,674 | +€13,480 | +29.2% |
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 10 October 2026 via checked.be.