FILACO: 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.
FILACO
Largest movements
- Current investments +€624,489
up €624,489 (+67.0%), from €932,141 to €1.6m
- Cash -€73,404
down €73,404 (-60.5%), from €121,311 to €47,906
mainly Current investments (-€624,489) and Receivables after one year (-€21,515)
- Reserves +€556,082
up €556,082 (+34.0%), from €1.6m to €2.2m
- Gross operating margin +€85,383
up €85,383 (+86.4%), from €98,853 to €184,236
- Taxes +€19,787
up €19,787 (+11.7%), from €168,567 to €188,354
- Financial income -€6,570
down €6,570 (-1.1%), from €588,125 to €581,555
- Financial charges +€1,919
up €1,919 (+29.1%), from €6,584 to €8,503
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 | €1,958,951 | €2,530,110 | +€571,159 | +29.2% |
| Fixed assets | 21/28 | €886,433 | €881,443 | -€4,991 | -0.6% |
| Intangible fixed assets | 21 | - | €6,536 | +€6,536 | |
| Tangible fixed assets | 22/27 | €298,433 | €286,907 | -€11,527 | -3.9% |
| Land and buildings | 22 | €296,396 | €286,277 | -€10,119 | -3.4% |
| Furniture and vehicles | 24 | €1,495 | €630 | -€865 | -57.9% |
| Other tangible fixed assets | 26 | €543 | €0 | -€543 | -100.0% |
| Financial fixed assets | 28 | €588,000 | €588,000 | = | 0.0% |
| Current assets | 29/58 | €1,072,518 | €1,648,668 | +€576,150 | +53.7% |
| Amounts receivable after more than one year | 29 | - | €21,515 | +€21,515 | |
| Other amounts receivable | 291 | - | €21,515 | +€21,515 | |
| Amounts receivable within one year | 40/41 | €18,651 | €21,784 | +€3,133 | +16.8% |
| Trade receivables | 40 | €18,651 | €21,731 | +€3,080 | +16.5% |
| Other amounts receivable | 41 | - | €52 | +€52 | |
| Current investments | 50/53 | €932,141 | €1,556,630 | +€624,489 | +67.0% |
| Cash at bank and in hand | 54/58 | €121,311 | €47,906 | -€73,404 | -60.5% |
| Deferred charges and accrued income | 490/1 | €415 | €833 | +€418 | +100.6% |
| Total equity and liabilities | 10/49 | €1,958,951 | €2,530,110 | +€571,159 | +29.2% |
| Equity | 10/15 | €1,886,104 | €2,442,186 | +€556,082 | +29.5% |
| Contributions | 10/11 | €250,170 | €250,170 | = | 0.0% |
| Reserves | 13 | €1,635,934 | €2,192,016 | +€556,082 | +34.0% |
| Distributable reserves | 133 | €1,635,934 | €2,192,016 | +€556,082 | +34.0% |
| Amounts payable | 17/49 | €72,847 | €87,924 | +€15,077 | +20.7% |
| Amounts payable after more than one year | 17 | €24,573 | €14,138 | -€10,435 | -42.5% |
| Financial debts | 170/4 | €24,573 | €14,138 | -€10,435 | -42.5% |
| Amounts payable within one year | 42/48 | €48,274 | €72,686 | +€24,412 | +50.6% |
| Current portion of amounts payable after more than one year | 42 | €10,293 | €10,435 | +€142 | +1.4% |
| Trade debts | 44 | €3,767 | €6,926 | +€3,159 | +83.9% |
| Suppliers | 440/4 | €3,767 | €6,926 | +€3,159 | +83.9% |
| Taxes, remuneration and social security | 45 | €29,719 | €49,897 | +€20,178 | +67.9% |
| Taxes | 450/3 | €29,719 | €49,897 | +€20,178 | +67.9% |
| Other amounts payable | 47/48 | €4,496 | €5,429 | +€933 | +20.7% |
| Accrued charges and deferred income | 492/3 | - | €1,100 | +€1,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,541 | €11,711 | +€169 | +1.5% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €98,853 | €184,236 | +€85,383 | +86.4% |
| Operating profit (loss) | 9901 | €86,204 | €171,383 | +€85,179 | +98.8% |
| Financial income | 75/76B | €588,125 | €581,555 | -€6,570 | -1.1% |
| Recurring financial income | 75 | €588,125 | €581,555 | -€6,570 | -1.1% |
| Financial charges | 65/66B | €6,584 | €8,503 | +€1,919 | +29.1% |
| Recurring financial charges | 65 | €6,584 | €8,503 | +€1,919 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €667,745 | €744,436 | +€76,691 | +11.5% |
| Income taxes | 67/77 | €168,567 | €188,354 | +€19,787 | +11.7% |
| Profit (loss) for the period | 9904 | €499,179 | €556,082 | +€56,904 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €499,179 | €556,082 | +€56,904 | +11.4% |
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 2 October 2026 via checked.be.