Fets: what changed
Two fiscal 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.
Fets
Largest movements
- Cash +€25,214
up €25,214 (+8608.7%), from €293 to €25,507
mainly Other debts (+€20,642) and Receivables within one year (+€20,641)
- Receivables within one year -€20,641
down €20,641 (-84.8%), from €24,346 to €3,705
- Tangible fixed assets +€15,464
up €15,464 (+95.2%), from €16,252 to €31,715
of which Furniture and vehicles: +€8,743
- Deferred charges and accrued income +€3,131
up €3,131 (+553.2%), from €566 to €3,697
- Other debts +€20,642
up €20,642 (+104.5%), from €19,755 to €40,397
- Reserves -€11,142
down €11,142 (-55.2%), from €20,179 to €9,037
- Tax, wage and social debts +€6,321
up €6,321 (+1207.9%), from €523 to €6,845
- Profit (loss) carried forward +€5,245
up €5,245, from -€4,635 to €610
- Accrued charges and deferred income +€3,442
new in 2025: €3,442
- Gross operating margin +€7,893
up €7,893 (+48.6%), from €16,228 to €24,121
- Depreciation -€2,112
down €2,112 (-21.2%), from €9,962 to €7,850
- Other operating charges +€469
up €469 (+49.0%), from €958 to €1,427
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 | €41,457 | €64,625 | +€23,168 | +55.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,252 | €31,715 | +€15,464 | +95.2% |
| Tangible fixed assets | 22/27 | €16,252 | €31,715 | +€15,464 | +95.2% |
| Plant, machinery and equipment | 23 | €5,692 | €7,012 | +€1,320 | +23.2% |
| Furniture and vehicles | 24 | €10,559 | €19,302 | +€8,743 | +82.8% |
| Other tangible fixed assets | 26 | - | €5,401 | +€5,401 | |
| Current assets | 29/58 | €25,205 | €32,910 | +€7,705 | +30.6% |
| Amounts receivable within one year | 40/41 | €24,346 | €3,705 | -€20,641 | -84.8% |
| Trade receivables | 40 | €24,346 | €3,705 | -€20,641 | -84.8% |
| Cash at bank and in hand | 54/58 | €293 | €25,507 | +€25,214 | +8608.7% |
| Deferred charges and accrued income | 490/1 | €566 | €3,697 | +€3,131 | +553.2% |
| Total equity and liabilities | 10/49 | €41,457 | €64,625 | +€23,168 | +55.9% |
| Equity | 10/15 | €16,544 | €10,647 | -€5,897 | -35.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,179 | €9,037 | -€11,142 | -55.2% |
| Distributable reserves | 133 | €20,179 | €9,037 | -€11,142 | -55.2% |
| Profit (loss) carried forward | 14 | -€4,635 | €610 | +€5,245 | |
| Amounts payable | 17/49 | €24,913 | €53,978 | +€29,065 | +116.7% |
| Amounts payable within one year | 42/48 | €24,913 | €50,536 | +€25,623 | +102.9% |
| Trade debts | 44 | €4,634 | €3,294 | -€1,340 | -28.9% |
| Suppliers | 440/4 | €4,634 | €3,294 | -€1,340 | -28.9% |
| Taxes, remuneration and social security | 45 | €523 | €6,845 | +€6,321 | +1207.9% |
| Taxes | 450/3 | €523 | €6,845 | +€6,321 | +1207.9% |
| Other amounts payable | 47/48 | €19,755 | €40,397 | +€20,642 | +104.5% |
| Accrued charges and deferred income | 492/3 | - | €3,442 | +€3,442 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,962 | €7,850 | -€2,112 | -21.2% |
| Other operating charges | 640/8 | €958 | €1,427 | +€469 | +49.0% |
| Non-recurring operating charges | 66A | €328 | - | -€328 | |
| Gross operating margin | 9900 | €16,228 | €24,121 | +€7,893 | +48.6% |
| Operating profit (loss) | 9901 | €4,980 | €14,844 | +€9,864 | +198.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €54 | €99 | +€45 | +82.5% |
| Recurring financial charges | 65 | €54 | €99 | +€45 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €4,928 | €14,745 | +€9,817 | +199.2% |
| Profit (loss) for the period | 9904 | €4,928 | €14,745 | +€9,817 | +199.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,928 | €14,745 | +€9,817 | +199.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.