FILAARD: 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.
FILAARD
Largest movements
- Tangible fixed assets +€26,604
up €26,604 (+38.8%), from €68,498 to €95,102
of which Furniture and vehicles: +€46,287
- Cash -€6,241
down €6,241 (-2.6%), from €241,426 to €235,185
mainly Investment in fixed assets (net) (-€48,250) and Trade debts (-€18,568)
- Other debts +€20,022
up €20,022 (+50.2%), from €39,861 to €59,883
- Trade debts -€18,568
down €18,568 (-13.2%), from €140,414 to €121,845
- Short-term financial debts +€15,000
new in 2025: €15,000
- Tax, wage and social debts -€11,932
down €11,932 (-38.8%), from €30,761 to €18,829
of which Taxes: -€7,775
- Debts after one year +€11,674
up €11,674 (+16.5%), from €70,543 to €82,216
- Gross operating margin -€121,448
down €121,448 (-46.4%), from €261,604 to €140,156
- Staff costs -€46,555
down €46,555 (-34.3%), from €135,726 to €89,171
- Depreciation -€20,646
down €20,646 (-46.1%), from €44,792 to €24,146
- Write-downs -€19,836
down €19,836 (-95.7%), from €20,719 to €884
- Taxes -€9,177
down €9,177 (-66.5%), from €13,790 to €4,613
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 | €469,589 | €485,130 | +€15,540 | +3.3% |
| Fixed assets | 21/28 | €74,137 | €98,241 | +€24,104 | +32.5% |
| Intangible fixed assets | 21 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Tangible fixed assets | 22/27 | €68,498 | €95,102 | +€26,604 | +38.8% |
| Land and buildings | 22 | €27,516 | €22,583 | -€4,932 | -17.9% |
| Plant, machinery and equipment | 23 | €39,099 | €24,349 | -€14,750 | -37.7% |
| Furniture and vehicles | 24 | €1,884 | €48,170 | +€46,287 | +2,457% |
| Financial fixed assets | 28 | €639 | €639 | = | 0.0% |
| Current assets | 29/58 | €395,452 | €386,888 | -€8,564 | -2.2% |
| Amounts receivable within one year | 40/41 | €154,026 | €151,703 | -€2,323 | -1.5% |
| Trade receivables | 40 | €153,871 | €131,211 | -€22,660 | -14.7% |
| Other amounts receivable | 41 | €156 | €20,493 | +€20,337 | +13,062% |
| Cash at bank and in hand | 54/58 | €241,426 | €235,185 | -€6,241 | -2.6% |
| Total equity and liabilities | 10/49 | €469,589 | €485,130 | +€15,540 | +3.3% |
| Equity | 10/15 | €137,957 | €149,593 | +€11,636 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,757 | €143,393 | +€11,636 | +8.8% |
| Tax-exempt reserves | 132 | €14,570 | €14,570 | = | 0.0% |
| Distributable reserves | 133 | €117,187 | €128,824 | +€11,636 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €331,632 | €335,536 | +€3,904 | +1.2% |
| Amounts payable after more than one year | 17 | €70,543 | €82,216 | +€11,674 | +16.5% |
| Financial debts | 170/4 | €70,543 | €82,216 | +€11,674 | +16.5% |
| Amounts payable within one year | 42/48 | €256,806 | €253,320 | -€3,486 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €45,273 | €36,499 | -€8,775 | -19.4% |
| Financial debts | 43 | - | €15,000 | +€15,000 | |
| Credit institutions | 430/8 | - | €15,000 | +€15,000 | |
| Trade debts | 44 | €140,414 | €121,845 | -€18,568 | -13.2% |
| Suppliers | 440/4 | €140,414 | €121,845 | -€18,568 | -13.2% |
| Advances received on contracts in progress | 46 | €497 | €1,264 | +€766 | +154% |
| Taxes, remuneration and social security | 45 | €30,761 | €18,829 | -€11,932 | -38.8% |
| Taxes | 450/3 | €12,982 | €5,207 | -€7,775 | -59.9% |
| Remuneration and social security | 454/9 | €17,779 | €13,622 | -€4,157 | -23.4% |
| Other amounts payable | 47/48 | €39,861 | €59,883 | +€20,022 | +50.2% |
| Accrued charges and deferred income | 492/3 | €4,284 | €0 | -€4,284 | -100% |
| Remuneration, social security and pensions | 62 | €135,726 | €89,171 | -€46,555 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,792 | €24,146 | -€20,646 | -46.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,719 | €884 | -€19,836 | -95.7% |
| Other operating charges | 640/8 | €6,072 | €6,528 | +€456 | +7.5% |
| Gross operating margin | 9900 | €261,604 | €140,156 | -€121,448 | -46.4% |
| Operating profit (loss) | 9901 | €54,295 | €19,428 | -€34,868 | -64.2% |
| Financial income | 75/76B | €1,846 | €2,582 | +€736 | +39.9% |
| Recurring financial income | 75 | €1,846 | €2,582 | +€736 | +39.9% |
| Financial charges | 65/66B | €5,968 | €5,760 | -€209 | -3.5% |
| Recurring financial charges | 65 | €5,968 | €5,760 | -€209 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €50,173 | €16,250 | -€33,923 | -67.6% |
| Income taxes | 67/77 | €13,790 | €4,613 | -€9,177 | -66.5% |
| Profit (loss) for the period | 9904 | €36,383 | €11,636 | -€24,746 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,383 | €11,636 | -€24,746 | -68.0% |
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 15 October 2026 via checked.be.