FINE FACETS: 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.
FINE FACETS
Largest movements
- Cash +€50,042
up €50,042 (+2476.2%), from €2,021 to €52,063
mainly Trade debts (+€67,271) and Receivables within one year (+€32,482)
- Intangible fixed assets +€36,880
new in 2025: €36,880
- Receivables within one year -€32,482
down €32,482 (-7.1%), from €459,799 to €427,317
of which Trade receivables: -€39,252
- Other debts -€69,168
down €69,168 (-98.4%), from €70,258 to €1,090
- Trade debts +€67,271
up €67,271 (+6233.1%), from €1,079 to €68,350
- Debts after one year +€30,173
new in 2025: €30,173
- Tax, wage and social debts +€16,642
up €16,642 (+86.9%), from €19,155 to €35,797
of which Remuneration and social security: +€28,675
- Current portion of long-term debt +€7,046
new in 2025: €7,046
- Gross operating margin +€138,004
up €138,004 (+1660.4%), from €8,312 to €146,316
- Staff costs +€122,747
new in 2025: €122,747
- Other operating charges +€8,942
up €8,942 (+334.2%), from €2,676 to €11,618
- Financial income -€3,961
down €3,961 (-99.5%), from €3,981 to €20
- Financial charges +€2,382
up €2,382 (+93.7%), from €2,542 to €4,923
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 | €461,820 | €519,457 | +€57,638 | +12.5% |
| Fixed assets | 21/28 | - | €40,078 | +€40,078 | |
| Intangible fixed assets | 21 | - | €36,880 | +€36,880 | |
| Tangible fixed assets | 22/27 | - | €3,198 | +€3,198 | |
| Plant, machinery and equipment | 23 | - | €844 | +€844 | |
| Furniture and vehicles | 24 | - | €2,354 | +€2,354 | |
| Current assets | 29/58 | €461,820 | €479,379 | +€17,560 | +3.8% |
| Amounts receivable within one year | 40/41 | €459,799 | €427,317 | -€32,482 | -7.1% |
| Trade receivables | 40 | €459,799 | €420,547 | -€39,252 | -8.5% |
| Other amounts receivable | 41 | - | €6,769 | +€6,769 | |
| Cash at bank and in hand | 54/58 | €2,021 | €52,063 | +€50,042 | +2476.2% |
| Total equity and liabilities | 10/49 | €461,820 | €519,457 | +€57,638 | +12.5% |
| Equity | 10/15 | €371,328 | €377,001 | +€5,674 | +1.5% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €252,728 | €258,401 | +€5,674 | +2.2% |
| Distributable reserves | 133 | €252,728 | €258,401 | +€5,674 | +2.2% |
| Amounts payable | 17/49 | €90,492 | €142,456 | +€51,964 | +57.4% |
| Amounts payable after more than one year | 17 | - | €30,173 | +€30,173 | |
| Financial debts | 170/4 | - | €30,173 | +€30,173 | |
| Amounts payable within one year | 42/48 | €90,492 | €112,282 | +€21,790 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,046 | +€7,046 | |
| Trade debts | 44 | €1,079 | €68,350 | +€67,271 | +6233.1% |
| Suppliers | 440/4 | €1,079 | €68,350 | +€67,271 | +6233.1% |
| Taxes, remuneration and social security | 45 | €19,155 | €35,797 | +€16,642 | +86.9% |
| Taxes | 450/3 | €19,155 | €7,122 | -€12,034 | -62.8% |
| Remuneration and social security | 454/9 | - | €28,675 | +€28,675 | |
| Other amounts payable | 47/48 | €70,258 | €1,090 | -€69,168 | -98.4% |
| Remuneration, social security and pensions | 62 | - | €122,747 | +€122,747 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €470 | +€470 | |
| Other operating charges | 640/8 | €2,676 | €11,618 | +€8,942 | +334.2% |
| Gross operating margin | 9900 | €8,312 | €146,316 | +€138,004 | +1660.4% |
| Operating profit (loss) | 9901 | €5,636 | €11,482 | +€5,846 | +103.7% |
| Financial income | 75/76B | €3,981 | €20 | -€3,961 | -99.5% |
| Recurring financial income | 75 | €3,981 | €20 | -€3,961 | -99.5% |
| Financial charges | 65/66B | €2,542 | €4,923 | +€2,382 | +93.7% |
| Recurring financial charges | 65 | €2,542 | €4,923 | +€2,382 | +93.7% |
| Profit (loss) for the period before taxes | 9903 | €7,075 | €6,579 | -€497 | -7.0% |
| Income taxes | 67/77 | €2,216 | €905 | -€1,312 | -59.2% |
| Profit (loss) for the period | 9904 | €4,859 | €5,674 | +€815 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,859 | €5,674 | +€815 | +16.8% |
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 8 October 2026 via checked.be.