SUCCESS FACTORY: 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.
SUCCESS FACTORY
Largest movements
- Tangible fixed assets +€64,107
up €64,107 (+181%), from €35,496 to €99,603
of which Furniture and vehicles: +€37,306
- Receivables within one year -€14,350
down €14,350 (-49.1%), from €29,250 to €14,900
of which Trade receivables: -€15,439
- Cash -€7,708
down €7,708 (-34.1%), from €22,604 to €14,897
mainly Investment in fixed assets (net) (-€79,016) and Trade debts (-€6,152)
- Debts after one year +€24,025
new in 2025: €24,025
- Reserves +€10,163
up €10,163 (+29.1%), from €34,916 to €45,078
- Other debts +€9,641
up €9,641 (+58.1%), from €16,608 to €26,249
- Trade debts -€6,152
down €6,152 (-40.3%), from €15,264 to €9,111
- Current portion of long-term debt +€4,482
up €4,482 (+85.9%), from €5,217 to €9,699
- Gross operating margin -€16,252
down €16,252 (-33.4%), from €48,683 to €32,431
- Depreciation +€7,977
up €7,977 (+115%), from €6,932 to €14,909
- Financial charges +€733
up €733 (+121%), from €604 to €1,337
- Taxes +€585
up €585 (+13.1%), from €4,471 to €5,056
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 | €87,350 | €129,399 | +€42,049 | +48.1% |
| Fixed assets | 21/28 | €35,496 | €99,603 | +€64,107 | +181% |
| Tangible fixed assets | 22/27 | €35,496 | €99,603 | +€64,107 | +181% |
| Furniture and vehicles | 24 | €35,496 | €72,802 | +€37,306 | +105% |
| Other tangible fixed assets | 26 | - | €26,800 | +€26,800 | |
| Current assets | 29/58 | €51,854 | €29,796 | -€22,058 | -42.5% |
| Amounts receivable within one year | 40/41 | €29,250 | €14,900 | -€14,350 | -49.1% |
| Trade receivables | 40 | €15,439 | - | -€15,439 | |
| Other amounts receivable | 41 | €13,811 | €14,900 | +€1,089 | +7.9% |
| Cash at bank and in hand | 54/58 | €22,604 | €14,897 | -€7,708 | -34.1% |
| Total equity and liabilities | 10/49 | €87,350 | €129,399 | +€42,049 | +48.1% |
| Equity | 10/15 | €41,116 | €51,278 | +€10,163 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,916 | €45,078 | +€10,163 | +29.1% |
| Distributable reserves | 133 | €34,916 | €45,078 | +€10,163 | +29.1% |
| Amounts payable | 17/49 | €46,235 | €78,121 | +€31,886 | +69.0% |
| Amounts payable after more than one year | 17 | - | €24,025 | +€24,025 | |
| Financial debts | 170/4 | - | €24,025 | +€24,025 | |
| Amounts payable within one year | 42/48 | €46,235 | €54,096 | +€7,861 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €5,217 | €9,699 | +€4,482 | +85.9% |
| Trade debts | 44 | €15,264 | €9,111 | -€6,152 | -40.3% |
| Suppliers | 440/4 | €15,264 | €9,111 | -€6,152 | -40.3% |
| Taxes, remuneration and social security | 45 | €9,146 | €9,036 | -€110 | -1.2% |
| Taxes | 450/3 | €146 | €36 | -€110 | -75.4% |
| Remuneration and social security | 454/9 | €9,000 | €9,000 | = | 0.0% |
| Other amounts payable | 47/48 | €16,608 | €26,249 | +€9,641 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,932 | €14,909 | +€7,977 | +115% |
| Other operating charges | 640/8 | €898 | €966 | +€68 | +7.6% |
| Gross operating margin | 9900 | €48,683 | €32,431 | -€16,252 | -33.4% |
| Operating profit (loss) | 9901 | €40,853 | €16,555 | -€24,298 | -59.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €604 | €1,337 | +€733 | +121% |
| Recurring financial charges | 65 | €604 | €1,337 | +€733 | +121% |
| Profit (loss) for the period before taxes | 9903 | €40,250 | €15,219 | -€25,032 | -62.2% |
| Income taxes | 67/77 | €4,471 | €5,056 | +€585 | +13.1% |
| Profit (loss) for the period | 9904 | €35,779 | €10,163 | -€25,616 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,779 | €10,163 | -€25,616 | -71.6% |
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 24 October 2026 via checked.be.