Rob Faassen: 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.
Rob Faassen
Largest movements
- Cash +€11,651
up €11,651 (+97.9%), from €11,897 to €23,549
mainly Depreciation (+€10,091) and Net result for the year (+€7,622)
- Tangible fixed assets -€7,471
down €7,471 (-32.3%), from €23,163 to €15,691
of which Leasing and similar rights: -€8,400
- Receivables within one year -€2,601
down €2,601 (-76.8%), from €3,388 to €787
of which Other amounts receivable: -€1,837
- Deferred charges and accrued income +€424
up €424 (+201.4%), from €210 to €634
- Profit (loss) carried forward +€18,159
up €18,159, from -€18,159 to €0
- Reserves -€10,537
down €10,537 (-52.7%), from €19,991 to €9,454
- Debts after one year -€7,374
down €7,374 (-61.6%), from €11,971 to €4,597
- Other debts +€3,353
up €3,353 (+43.0%), from €7,795 to €11,148
- Trade debts -€2,437
down €2,437 (-84.1%), from €2,898 to €461
- Gross operating margin +€10,257
up €10,257 (+96.1%), from €10,672 to €20,929
- Taxes +€760
up €760 (+463.0%), from €164 to €925
- Depreciation +€524
up €524 (+5.5%), from €9,567 to €10,091
- Financial charges -€222
down €222 (-17.4%), from €1,272 to €1,050
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 | €39,859 | €41,862 | +€2,003 | +5.0% |
| Fixed assets | 21/28 | €24,363 | €16,891 | -€7,471 | -30.7% |
| Tangible fixed assets | 22/27 | €23,163 | €15,691 | -€7,471 | -32.3% |
| Plant, machinery and equipment | 23 | €255 | €2,131 | +€1,876 | +736.3% |
| Leasing and similar rights | 25 | €19,447 | €11,047 | -€8,400 | -43.2% |
| Other tangible fixed assets | 26 | €3,461 | €2,514 | -€947 | -27.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €15,496 | €24,970 | +€9,475 | +61.1% |
| Amounts receivable within one year | 40/41 | €3,388 | €787 | -€2,601 | -76.8% |
| Trade receivables | 40 | €764 | €0 | -€764 | -100.0% |
| Other amounts receivable | 41 | €2,624 | €787 | -€1,837 | -70.0% |
| Cash at bank and in hand | 54/58 | €11,897 | €23,549 | +€11,651 | +97.9% |
| Deferred charges and accrued income | 490/1 | €210 | €634 | +€424 | +201.4% |
| Total equity and liabilities | 10/49 | €39,859 | €41,862 | +€2,003 | +5.0% |
| Equity | 10/15 | €8,032 | €15,654 | +€7,622 | +94.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,991 | €9,454 | -€10,537 | -52.7% |
| Distributable reserves | 133 | €19,991 | €9,454 | -€10,537 | -52.7% |
| Profit (loss) carried forward | 14 | -€18,159 | €0 | +€18,159 | |
| Amounts payable | 17/49 | €31,827 | €26,208 | -€5,618 | -17.7% |
| Amounts payable after more than one year | 17 | €11,971 | €4,597 | -€7,374 | -61.6% |
| Financial debts | 170/4 | €11,971 | €4,597 | -€7,374 | -61.6% |
| Amounts payable within one year | 42/48 | €19,380 | €21,228 | +€1,849 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €7,201 | €7,374 | +€173 | +2.4% |
| Trade debts | 44 | €2,898 | €461 | -€2,437 | -84.1% |
| Suppliers | 440/4 | €2,898 | €461 | -€2,437 | -84.1% |
| Taxes, remuneration and social security | 45 | €1,486 | €2,246 | +€759 | +51.1% |
| Taxes | 450/3 | €1,486 | €2,246 | +€759 | +51.1% |
| Other amounts payable | 47/48 | €7,795 | €11,148 | +€3,353 | +43.0% |
| Accrued charges and deferred income | 492/3 | €476 | €383 | -€93 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,567 | €10,091 | +€524 | +5.5% |
| Other operating charges | 640/8 | €1,274 | €1,254 | -€19 | -1.5% |
| Non-recurring operating charges | 66A | €53 | €0 | -€53 | -100.0% |
| Gross operating margin | 9900 | €10,672 | €20,929 | +€10,257 | +96.1% |
| Operating profit (loss) | 9901 | -€222 | €9,584 | +€9,806 | |
| Financial income | 75/76B | €1 | €12 | +€11 | +951.7% |
| Recurring financial income | 75 | €1 | €12 | +€11 | +951.7% |
| Financial charges | 65/66B | €1,272 | €1,050 | -€222 | -17.4% |
| Recurring financial charges | 65 | €1,272 | €1,050 | -€222 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,492 | €8,546 | +€10,039 | |
| Income taxes | 67/77 | €164 | €925 | +€760 | +463.0% |
| Profit (loss) for the period | 9904 | -€1,657 | €7,622 | +€9,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,657 | €7,622 | +€9,278 |
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.