LA FABRIQUE: 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.
LA FABRIQUE
Largest movements
- Tangible fixed assets -€25,730
down €25,730 (-12.9%), from €199,302 to €173,572
of which Other tangible fixed assets: -€21,591
- Deferred charges and accrued income +€21,139
up €21,139 (+67.8%), from €31,160 to €52,299
- Cash -€14,216
down €14,216 (-12.1%), from €117,231 to €103,015
mainly Accrued charges and deferred income (-€50,585) and Debts after one year (-€23,388)
- Receivables within one year +€4,834
up €4,834 (+290%), from €1,665 to €6,499
- Reserves +€51,550
up €51,550 (+12,422%), from €415 to €51,965
- Accrued charges and deferred income -€50,585
no longer reported in 2025 (was €50,585)
- Debts after one year -€23,388
down €23,388 (-22.7%), from €102,829 to €79,441
- Trade debts +€4,331
up €4,331 (+6.0%), from €71,929 to €76,260
- Tax, wage and social debts +€3,676
up €3,676 (+5.0%), from €73,376 to €77,052
of which Taxes: +€5,478
- Gross operating margin +€73,313
up €73,313 (+19.8%), from €370,862 to €444,175
- Staff costs +€22,230
up €22,230 (+7.2%), from €307,175 to €329,405
- Taxes +€12,868
up €12,868 (+493%), from €2,611 to €15,479
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 | €358,609 | €347,065 | -€11,544 | -3.2% |
| Fixed assets | 21/28 | €202,982 | €177,252 | -€25,730 | -12.7% |
| Tangible fixed assets | 22/27 | €199,302 | €173,572 | -€25,730 | -12.9% |
| Plant, machinery and equipment | 23 | €27,061 | €23,165 | -€3,896 | -14.4% |
| Furniture and vehicles | 24 | €1,775 | €1,532 | -€243 | -13.7% |
| Other tangible fixed assets | 26 | €170,466 | €148,875 | -€21,591 | -12.7% |
| Financial fixed assets | 28 | €3,680 | €3,680 | = | 0.0% |
| Current assets | 29/58 | €155,627 | €169,813 | +€14,186 | +9.1% |
| Stocks and contracts in progress | 3 | €5,571 | €8,000 | +€2,429 | +43.6% |
| Stocks | 30/36 | €5,571 | €8,000 | +€2,429 | +43.6% |
| Amounts receivable within one year | 40/41 | €1,665 | €6,499 | +€4,834 | +290% |
| Other amounts receivable | 41 | €1,665 | €6,499 | +€4,834 | +290% |
| Cash at bank and in hand | 54/58 | €117,231 | €103,015 | -€14,216 | -12.1% |
| Deferred charges and accrued income | 490/1 | €31,160 | €52,299 | +€21,139 | +67.8% |
| Total equity and liabilities | 10/49 | €358,609 | €347,065 | -€11,544 | -3.2% |
| Equity | 10/15 | €19,947 | €71,497 | +€51,550 | +258% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €415 | €51,965 | +€51,550 | +12,422% |
| Distributable reserves | 133 | €415 | €51,965 | +€51,550 | +12,422% |
| Profit (loss) carried forward | 14 | €932 | €932 | = | 0.0% |
| Amounts payable | 17/49 | €338,662 | €275,568 | -€63,094 | -18.6% |
| Amounts payable after more than one year | 17 | €102,829 | €79,441 | -€23,388 | -22.7% |
| Financial debts | 170/4 | €102,829 | €79,441 | -€23,388 | -22.7% |
| Amounts payable within one year | 42/48 | €185,248 | €196,127 | +€10,879 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €22,619 | €23,388 | +€769 | +3.4% |
| Trade debts | 44 | €71,929 | €76,260 | +€4,331 | +6.0% |
| Suppliers | 440/4 | €71,929 | €76,260 | +€4,331 | +6.0% |
| Taxes, remuneration and social security | 45 | €73,376 | €77,052 | +€3,676 | +5.0% |
| Taxes | 450/3 | €23,245 | €28,723 | +€5,478 | +23.6% |
| Remuneration and social security | 454/9 | €50,131 | €48,329 | -€1,802 | -3.6% |
| Other amounts payable | 47/48 | €17,324 | €19,427 | +€2,103 | +12.1% |
| Accrued charges and deferred income | 492/3 | €50,585 | - | -€50,585 | |
| Remuneration, social security and pensions | 62 | €307,175 | €329,405 | +€22,230 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,482 | €31,965 | +€1,483 | +4.9% |
| Other operating charges | 640/8 | €2,195 | €1,758 | -€437 | -19.9% |
| Non-recurring operating charges | 66A | €3,049 | - | -€3,049 | |
| Gross operating margin | 9900 | €370,862 | €444,175 | +€73,313 | +19.8% |
| Operating profit (loss) | 9901 | €27,961 | €81,047 | +€53,086 | +190% |
| Financial income | 75/76B | €80 | €458 | +€378 | +473% |
| Recurring financial income | 75 | €80 | €458 | +€378 | +473% |
| Financial charges | 65/66B | €14,833 | €14,476 | -€357 | -2.4% |
| Recurring financial charges | 65 | €14,833 | €14,476 | -€357 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €13,208 | €67,029 | +€53,821 | +407% |
| Income taxes | 67/77 | €2,611 | €15,479 | +€12,868 | +493% |
| Profit (loss) for the period | 9904 | €10,597 | €51,550 | +€40,953 | +386% |
| Profit (loss) for the period to be appropriated | 9905 | €10,597 | €51,550 | +€40,953 | +386% |
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 19 October 2026 via checked.be.