FIA: 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.
FIA
Largest movements
- Receivables within one year -€607,427
down €607,427 (-66.2%), from €918,226 to €310,800
of which Other amounts receivable: -€691,694
- Tangible fixed assets -€154,528
down €154,528 (-84.9%), from €181,990 to €27,462
of which Land and buildings: -€149,927
- Cash -€62,379
down €62,379 (-35.9%), from €173,973 to €111,595
mainly Contributions, distributions and other (-€1.1m) and Debts after one year (-€42,778)
- Reserves -€790,363
down €790,363 (-85.6%), from €923,391 to €133,028
- Contributions -€64,195
down €64,195 (-85.6%), from €75,000 to €10,805
- Other debts +€48,372
up €48,372 (+97.5%), from €49,617 to €97,989
- Debts after one year -€42,778
no longer reported in 2025 (was €42,778)
- Trade debts +€25,291
up €25,291 (+93.3%), from €27,098 to €52,389
- Gross operating margin +€100,288
up €100,288 (+35.7%), from €280,944 to €381,232
- Staff costs -€27,381
down €27,381 (-34.1%), from €80,204 to €52,823
- Taxes +€26,898
up €26,898 (+57.7%), from €46,625 to €73,522
- Financial charges -€15,427
down €15,427 (-91.0%), from €16,956 to €1,529
- Other operating charges -€6,907
down €6,907 (-66.6%), from €10,374 to €3,467
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 | €1,280,126 | €450,458 | -€829,669 | -64.8% |
| Fixed assets | 21/28 | €181,990 | €27,462 | -€154,528 | -84.9% |
| Tangible fixed assets | 22/27 | €181,990 | €27,462 | -€154,528 | -84.9% |
| Land and buildings | 22 | €169,768 | €19,841 | -€149,927 | -88.3% |
| Furniture and vehicles | 24 | €12,222 | €7,621 | -€4,601 | -37.6% |
| Current assets | 29/58 | €1,098,137 | €422,995 | -€675,141 | -61.5% |
| Amounts receivable within one year | 40/41 | €918,226 | €310,800 | -€607,427 | -66.2% |
| Trade receivables | 40 | €203,043 | €287,310 | +€84,267 | +41.5% |
| Other amounts receivable | 41 | €715,184 | €23,489 | -€691,694 | -96.7% |
| Cash at bank and in hand | 54/58 | €173,973 | €111,595 | -€62,379 | -35.9% |
| Deferred charges and accrued income | 490/1 | €5,937 | €601 | -€5,336 | -89.9% |
| Total equity and liabilities | 10/49 | €1,280,126 | €450,458 | -€829,669 | -64.8% |
| Equity | 10/15 | €1,082,782 | €239,733 | -€843,049 | -77.9% |
| Contributions | 10/11 | €75,000 | €10,805 | -€64,195 | -85.6% |
| Reserves | 13 | €923,391 | €133,028 | -€790,363 | -85.6% |
| Distributable reserves | 133 | €923,391 | €133,028 | -€790,363 | -85.6% |
| Profit (loss) carried forward | 14 | €84,391 | €95,900 | +€11,509 | +13.6% |
| Amounts payable | 17/49 | €197,344 | €210,725 | +€13,381 | +6.8% |
| Amounts payable after more than one year | 17 | €42,778 | - | -€42,778 | |
| Financial debts | 170/4 | €42,778 | - | -€42,778 | |
| Amounts payable within one year | 42/48 | €134,566 | €210,725 | +€76,159 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €9,514 | - | -€9,514 | |
| Trade debts | 44 | €27,098 | €52,389 | +€25,291 | +93.3% |
| Suppliers | 440/4 | €27,098 | €52,389 | +€25,291 | +93.3% |
| Advances received on contracts in progress | 46 | - | €908 | +€908 | |
| Taxes, remuneration and social security | 45 | €48,336 | €59,439 | +€11,103 | +23.0% |
| Taxes | 450/3 | €37,138 | €50,083 | +€12,945 | +34.9% |
| Remuneration and social security | 454/9 | €11,198 | €9,356 | -€1,841 | -16.4% |
| Other amounts payable | 47/48 | €49,617 | €97,989 | +€48,372 | +97.5% |
| Accrued charges and deferred income | 492/3 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €80,204 | €52,823 | -€27,381 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,687 | €19,203 | -€5,484 | -22.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,321 | €1,052 | +€2,373 | |
| Other operating charges | 640/8 | €10,374 | €3,467 | -€6,907 | -66.6% |
| Non-recurring operating charges | 66A | €144 | - | -€144 | |
| Gross operating margin | 9900 | €280,944 | €381,232 | +€100,288 | +35.7% |
| Operating profit (loss) | 9901 | €166,856 | €304,687 | +€137,831 | +82.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +553.3% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +553.3% |
| Financial charges | 65/66B | €16,956 | €1,529 | -€15,427 | -91.0% |
| Recurring financial charges | 65 | €16,956 | €1,529 | -€15,427 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | €149,900 | €303,159 | +€153,259 | +102.2% |
| Income taxes | 67/77 | €46,625 | €73,522 | +€26,898 | +57.7% |
| Profit (loss) for the period | 9904 | €103,276 | €229,637 | +€126,361 | +122.4% |
| Profit (loss) for the period to be appropriated | 9905 | €103,276 | €229,637 | +€126,361 | +122.4% |
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 11 October 2026 via checked.be.