FADOS: 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.
FADOS
Largest movements
- Cash +€10,144
new in 2025: €10,144
mainly Net result for the year (+€8,732) and Receivables after one year (+€3,500)
- Receivables after one year -€3,500
no longer reported in 2025 (was €3,500)
- Tangible fixed assets -€3,255
down €3,255 (-4.5%), from €72,559 to €69,304
- Receivables within one year +€3,119
up €3,119 (+48.2%), from €6,476 to €9,595
of which Other amounts receivable: +€3,335
- Deferred charges and accrued income -€1,103
down €1,103 (-68.4%), from €1,613 to €510
- Reserves +€8,500
up €8,500 (+77.3%), from €10,997 to €19,497
of which Distributable reserves: +€8,500
- Other debts -€3,830
down €3,830 (-54.7%), from €7,004 to €3,174
- Tax, wage and social debts +€2,937
up €2,937 (+231%), from €1,272 to €4,209
- Short-term financial debts -€1,492
no longer reported in 2025 (was €1,492)
- Trade debts -€965
no longer reported in 2025 (was €965)
- Taxes +€2,317
up €2,317 (+225%), from €1,031 to €3,348
- Write-downs -€1,602
down €1,602 (-50.0%), from €3,204 to €1,602
- Other operating charges +€362
up €362 (+8.2%), from €4,439 to €4,801
- Financial charges -€256
down €256 (-32.7%), from €783 to €527
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 | €84,148 | €89,553 | +€5,405 | +6.4% |
| Fixed assets | 21/28 | €72,559 | €69,304 | -€3,255 | -4.5% |
| Tangible fixed assets | 22/27 | €72,559 | €69,304 | -€3,255 | -4.5% |
| Land and buildings | 22 | €72,559 | €69,304 | -€3,255 | -4.5% |
| Current assets | 29/58 | €11,589 | €20,249 | +€8,660 | +74.7% |
| Amounts receivable after more than one year | 29 | €3,500 | - | -€3,500 | |
| Other amounts receivable | 291 | €3,500 | - | -€3,500 | |
| Amounts receivable within one year | 40/41 | €6,476 | €9,595 | +€3,119 | +48.2% |
| Trade receivables | 40 | €664 | €448 | -€216 | -32.5% |
| Other amounts receivable | 41 | €5,812 | €9,147 | +€3,335 | +57.4% |
| Cash at bank and in hand | 54/58 | - | €10,144 | +€10,144 | |
| Deferred charges and accrued income | 490/1 | €1,613 | €510 | -€1,103 | -68.4% |
| Total equity and liabilities | 10/49 | €84,148 | €89,553 | +€5,405 | +6.4% |
| Equity | 10/15 | €73,028 | €81,760 | +€8,732 | +12.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €10,997 | €19,497 | +€8,500 | +77.3% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €4,800 | €13,300 | +€8,500 | +177% |
| Profit (loss) carried forward | 14 | €58 | €290 | +€232 | +402% |
| Amounts payable | 17/49 | €11,119 | €7,792 | -€3,327 | -29.9% |
| Amounts payable within one year | 42/48 | €10,732 | €7,383 | -€3,349 | -31.2% |
| Financial debts | 43 | €1,492 | - | -€1,492 | |
| Credit institutions | 430/8 | €1,492 | - | -€1,492 | |
| Trade debts | 44 | €965 | - | -€965 | |
| Suppliers | 440/4 | €965 | - | -€965 | |
| Taxes, remuneration and social security | 45 | €1,272 | €4,209 | +€2,937 | +231% |
| Taxes | 450/3 | €1,272 | €4,209 | +€2,937 | +231% |
| Other amounts payable | 47/48 | €7,004 | €3,174 | -€3,830 | -54.7% |
| Accrued charges and deferred income | 492/3 | €387 | €410 | +€22 | +5.7% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,255 | €3,255 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,204 | €1,602 | -€1,602 | -50.0% |
| Other operating charges | 640/8 | €4,439 | €4,801 | +€362 | +8.2% |
| Gross operating margin | 9900 | €22,278 | €22,265 | -€13 | -0.1% |
| Operating profit (loss) | 9901 | €11,380 | €12,607 | +€1,227 | +10.8% |
| Financial income | 75/76B | €186 | €0 | -€186 | -100.0% |
| Recurring financial income | 75 | €186 | €0 | -€186 | -100.0% |
| Financial charges | 65/66B | €783 | €527 | -€256 | -32.7% |
| Recurring financial charges | 65 | €783 | €527 | -€256 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €10,783 | €12,080 | +€1,297 | +12.0% |
| Income taxes | 67/77 | €1,031 | €3,348 | +€2,317 | +225% |
| Profit (loss) for the period | 9904 | €9,752 | €8,732 | -€1,020 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,752 | €8,732 | -€1,020 | -10.5% |
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 18 October 2026 via checked.be.