FAXIONS: what changed
FAXIONS
Largest movements
- Cash -€257,887
down €257,887 (-36.8%), from €700,195 to €442,308
- Receivables within one year -€221,993
down €221,993 (-32.5%), from €682,515 to €460,522
of which Trade receivables: -€217,241
- Stocks and contracts +€189,566
new in 2026: €189,566
- Current investments +€150,000
new in 2026: €150,000
- Financial fixed assets -€72,496
down €72,496 (-95.7%), from €75,777 to €3,281
- Profit (loss) carried forward +€288,402
up €288,402 (+111%), from €259,410 to €547,812
- Trade debts -€228,029
down €228,029 (-59.9%), from €380,604 to €152,574
- Advances received +€214,300
up €214,300 (+14,016%), from €1,529 to €215,829
- Accrued charges and deferred income -€184,505
down €184,505 (-99.1%), from €186,241 to €1,735
- Reserves -€128,083
down €128,083 (-99.8%), from €128,391 to €308
- Gross operating margin +€288,800
up €288,800 (+54.1%), from €534,042 to €822,842
- Staff costs +€64,906
up €64,906 (+18.7%), from €347,928 to €412,834
- Taxes +€54,894
up €54,894 (+147%), from €37,311 to €92,205
- Financial income +€35,554
up €35,554 (+1,361%), from €2,612 to €38,166
Change in the result, 2024 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,479,754 | €1,260,908 | -€218,846 | -14.8% |
| Fixed assets | 21/28 | €90,139 | €12,153 | -€77,986 | -86.5% |
| Intangible fixed assets | 21 | - | €1,950 | +€1,950 | |
| Tangible fixed assets | 22/27 | €14,362 | €6,922 | -€7,440 | -51.8% |
| Furniture and vehicles | 24 | €7,820 | €1,210 | -€6,610 | -84.5% |
| Other tangible fixed assets | 26 | €6,542 | €5,712 | -€830 | -12.7% |
| Financial fixed assets | 28 | €75,777 | €3,281 | -€72,496 | -95.7% |
| Current assets | 29/58 | €1,389,615 | €1,248,755 | -€140,860 | -10.1% |
| Stocks and contracts in progress | 3 | - | €189,566 | +€189,566 | |
| Stocks | 30/36 | - | €189,566 | +€189,566 | |
| Amounts receivable within one year | 40/41 | €682,515 | €460,522 | -€221,993 | -32.5% |
| Trade receivables | 40 | €662,522 | €445,281 | -€217,241 | -32.8% |
| Other amounts receivable | 41 | €19,993 | €15,241 | -€4,752 | -23.8% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €700,195 | €442,308 | -€257,887 | -36.8% |
| Deferred charges and accrued income | 490/1 | €6,904 | €6,359 | -€546 | -7.9% |
| Total equity and liabilities | 10/49 | €1,479,754 | €1,260,908 | -€218,846 | -14.8% |
| Equity | 10/15 | €426,401 | €586,720 | +€160,319 | +37.6% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €128,391 | €308 | -€128,083 | -99.8% |
| Distributable reserves | 133 | €128,391 | €308 | -€128,083 | -99.8% |
| Profit (loss) carried forward | 14 | €259,410 | €547,812 | +€288,402 | +111% |
| Amounts payable | 17/49 | €1,053,352 | €674,188 | -€379,164 | -36.0% |
| Amounts payable within one year | 42/48 | €867,111 | €672,453 | -€194,659 | -22.4% |
| Trade debts | 44 | €380,604 | €152,574 | -€228,029 | -59.9% |
| Suppliers | 440/4 | €380,604 | €152,574 | -€228,029 | -59.9% |
| Advances received on contracts in progress | 46 | €1,529 | €215,829 | +€214,300 | +14,016% |
| Taxes, remuneration and social security | 45 | €273,345 | €175,966 | -€97,380 | -35.6% |
| Taxes | 450/3 | €208,471 | €114,322 | -€94,149 | -45.2% |
| Remuneration and social security | 454/9 | €64,875 | €61,644 | -€3,231 | -5.0% |
| Other amounts payable | 47/48 | €211,633 | €128,083 | -€83,550 | -39.5% |
| Accrued charges and deferred income | 492/3 | €186,241 | €1,735 | -€184,505 | -99.1% |
| Remuneration, social security and pensions | 62 | €347,928 | €412,834 | +€64,906 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,422 | €4,427 | +€1,006 | +29.4% |
| Other operating charges | 640/8 | €6,007 | €6,224 | +€216 | +3.6% |
| Non-recurring operating charges | 66A | €0 | €23,230 | +€23,230 | |
| Gross operating margin | 9900 | €534,042 | €822,842 | +€288,800 | +54.1% |
| Operating profit (loss) | 9901 | €176,685 | €376,127 | +€199,442 | +113% |
| Financial income | 75/76B | €2,612 | €38,166 | +€35,554 | +1,361% |
| Recurring financial income | 75 | €2,612 | €38,166 | +€35,554 | +1,361% |
| Financial charges | 65/66B | €30,796 | €33,685 | +€2,889 | +9.4% |
| Recurring financial charges | 65 | €30,796 | €33,685 | +€2,889 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €148,501 | €380,608 | +€232,107 | +156% |
| Income taxes | 67/77 | €37,311 | €92,205 | +€54,894 | +147% |
| Profit (loss) for the period | 9904 | €111,190 | €288,402 | +€177,212 | +159% |
| Profit (loss) for the period to be appropriated | 9905 | €111,190 | €288,402 | +€177,212 | +159% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.