Gilles FASTRE: 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.
Gilles FASTRE
Largest movements
- Tangible fixed assets -€42,883
down €42,883 (-4.3%), from €990,660 to €947,777
of which Leasing and similar rights: -€119,619
- Cash +€22,289
up €22,289 (+357%), from €6,239 to €28,528
mainly Depreciation (+€272,278) and Debts after one year (+€156,687)
- Current portion of long-term debt -€217,668
down €217,668 (-53.6%), from €405,981 to €188,313
- Debts after one year +€156,687
up €156,687 (+40.3%), from €389,236 to €545,923
- Profit (loss) carried forward -€123,670
down €123,670 (-67.0%), from €184,462 to €60,792
- Trade debts +€121,204
up €121,204 (+14.4%), from €841,108 to €962,312
- Short-term financial debts +€75,000
up €75,000 (+150%), from €49,927 to €124,927
- Gross operating margin -€204,283
down €204,283 (-12.1%), from €1.7m to €1.5m
- Depreciation +€30,761
up €30,761 (+12.7%), from €241,518 to €272,278
- Staff costs -€28,020
down €28,020 (-2.3%), from €1.2m to €1.2m
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 | €2,084,914 | €2,077,346 | -€7,568 | -0.4% |
| Fixed assets | 21/28 | €991,440 | €948,557 | -€42,883 | -4.3% |
| Tangible fixed assets | 22/27 | €990,660 | €947,777 | -€42,883 | -4.3% |
| Land and buildings | 22 | €252,456 | €411,495 | +€159,040 | +63.0% |
| Plant, machinery and equipment | 23 | €12,409 | €25,823 | +€13,414 | +108% |
| Furniture and vehicles | 24 | €236,541 | €149,946 | -€86,595 | -36.6% |
| Leasing and similar rights | 25 | €431,407 | €311,788 | -€119,619 | -27.7% |
| Other tangible fixed assets | 26 | €57,847 | €48,725 | -€9,122 | -15.8% |
| Financial fixed assets | 28 | €780 | €780 | = | 0.0% |
| Current assets | 29/58 | €1,093,475 | €1,128,789 | +€35,315 | +3.2% |
| Amounts receivable within one year | 40/41 | €913,744 | €929,903 | +€16,159 | +1.8% |
| Trade receivables | 40 | €808,226 | €801,851 | -€6,375 | -0.8% |
| Other amounts receivable | 41 | €105,518 | €128,052 | +€22,533 | +21.4% |
| Cash at bank and in hand | 54/58 | €6,239 | €28,528 | +€22,289 | +357% |
| Deferred charges and accrued income | 490/1 | €173,491 | €170,358 | -€3,133 | -1.8% |
| Total equity and liabilities | 10/49 | €2,084,914 | €2,077,346 | -€7,568 | -0.4% |
| Equity | 10/15 | €209,478 | €82,296 | -€127,182 | -60.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,462 | €60,792 | -€123,670 | -67.0% |
| Investment grants | 15 | €6,016 | €2,504 | -€3,512 | -58.4% |
| Amounts payable | 17/49 | €1,875,437 | €1,995,050 | +€119,613 | +6.4% |
| Amounts payable after more than one year | 17 | €389,236 | €545,923 | +€156,687 | +40.3% |
| Financial debts | 170/4 | €389,236 | €545,923 | +€156,687 | +40.3% |
| Amounts payable within one year | 42/48 | €1,486,200 | €1,449,127 | -€37,073 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €405,981 | €188,313 | -€217,668 | -53.6% |
| Financial debts | 43 | €49,927 | €124,927 | +€75,000 | +150% |
| Credit institutions | 430/8 | €49,927 | €124,927 | +€75,000 | +150% |
| Trade debts | 44 | €841,108 | €962,312 | +€121,204 | +14.4% |
| Suppliers | 440/4 | €841,108 | €962,312 | +€121,204 | +14.4% |
| Taxes, remuneration and social security | 45 | €189,184 | €173,574 | -€15,610 | -8.3% |
| Taxes | 450/3 | €16,608 | €19,093 | +€2,485 | +15.0% |
| Remuneration and social security | 454/9 | €172,576 | €154,481 | -€18,095 | -10.5% |
| Non-recurring operating income | 76A | €6,189 | €0 | -€6,189 | -100% |
| Remuneration, social security and pensions | 62 | €1,234,469 | €1,206,449 | -€28,020 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,518 | €272,278 | +€30,761 | +12.7% |
| Other operating charges | 640/8 | €12,949 | €22,882 | +€9,932 | +76.7% |
| Non-recurring operating charges | 66A | - | €8,630 | +€8,630 | |
| Gross operating margin | 9900 | €1,692,259 | €1,487,976 | -€204,283 | -12.1% |
| Operating profit (loss) | 9901 | €203,323 | -€22,263 | -€225,586 | |
| Financial income | 75/76B | €7,029 | €5,522 | -€1,507 | -21.4% |
| Recurring financial income | 75 | €7,029 | €3,528 | -€3,500 | -49.8% |
| Non-recurring financial income | 76B | €0 | €1,994 | +€1,994 | |
| Financial charges | 65/66B | €107,720 | €106,580 | -€1,139 | -1.1% |
| Recurring financial charges | 65 | €107,720 | €106,580 | -€1,139 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €102,632 | -€123,321 | -€225,953 | |
| Income taxes | 67/77 | €344 | €349 | +€5 | +1.5% |
| Profit (loss) for the period | 9904 | €102,288 | -€123,670 | -€225,958 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,288 | -€123,670 | -€225,958 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.