FETACK: 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.
FETACK
Largest movements
- Tangible fixed assets -€15,330
down €15,330 (-3.1%), from €496,349 to €481,019
- Debts after one year -€14,936
down €14,936 (-4.6%), from €322,505 to €307,569
of which Financial debts: -€14,936
- Gross operating margin -€8,000
down €8,000 (-21.6%), from €37,054 to €29,054
- Taxes -€1,082
down €1,082 (-50.5%), from €2,142 to €1,060
- Financial charges -€610
down €610 (-8.1%), from €7,499 to €6,888
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.
Derived cash bridge
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 | €500,593 | €490,158 | -€10,435 | -2.1% |
| Fixed assets | 21/28 | €496,604 | €481,274 | -€15,330 | -3.1% |
| Tangible fixed assets | 22/27 | €496,349 | €481,019 | -€15,330 | -3.1% |
| Land and buildings | 22 | €496,349 | €481,019 | -€15,330 | -3.1% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €3,989 | €8,884 | +€4,895 | +123% |
| Amounts receivable within one year | 40/41 | - | €554 | +€554 | |
| Other amounts receivable | 41 | - | €554 | +€554 | |
| Cash at bank and in hand | 54/58 | €3,989 | €8,330 | +€4,341 | +109% |
| Deferred charges and accrued income | 490/1 | €0 | - | -€0 | |
| Total equity and liabilities | 10/49 | €500,593 | €490,158 | -€10,435 | -2.1% |
| Equity | 10/15 | €100,700 | €102,771 | +€2,070 | +2.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €82,150 | €84,221 | +€2,070 | +2.5% |
| Distributable reserves | 133 | €82,150 | €84,221 | +€2,070 | +2.5% |
| Amounts payable | 17/49 | €399,893 | €387,387 | -€12,506 | -3.1% |
| Amounts payable after more than one year | 17 | €322,505 | €307,569 | -€14,936 | -4.6% |
| Financial debts | 170/4 | €51,505 | €36,569 | -€14,936 | -29.0% |
| Other amounts payable | 178/9 | €271,000 | €271,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,388 | €78,902 | +€1,514 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €14,349 | €15,855 | +€1,506 | +10.5% |
| Trade debts | 44 | €3,076 | €3,076 | = | 0.0% |
| Suppliers | 440/4 | €3,076 | €3,076 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,142 | - | -€2,142 | |
| Taxes | 450/3 | €2,142 | - | -€2,142 | |
| Other amounts payable | 47/48 | €57,821 | €59,971 | +€2,151 | +3.7% |
| Accrued charges and deferred income | 492/3 | - | €916 | +€916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,330 | €15,330 | = | 0.0% |
| Other operating charges | 640/8 | €3,397 | €3,705 | +€308 | +9.1% |
| Gross operating margin | 9900 | €37,054 | €29,054 | -€8,000 | -21.6% |
| Operating profit (loss) | 9901 | €18,327 | €10,019 | -€8,308 | -45.3% |
| Financial charges | 65/66B | €7,499 | €6,888 | -€610 | -8.1% |
| Recurring financial charges | 65 | €7,499 | €6,888 | -€610 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €10,828 | €3,131 | -€7,698 | -71.1% |
| Income taxes | 67/77 | €2,142 | €1,060 | -€1,082 | -50.5% |
| Profit (loss) for the period | 9904 | €8,686 | €2,070 | -€6,616 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,686 | €2,070 | -€6,616 | -76.2% |
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 17 October 2026 via checked.be.