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.
FCC
Largest movements
- Tangible fixed assets +€481,725
up €481,725 (+41224.2%), from €1,169 to €482,893
of which Land and buildings: +€480,499
- Debts after one year +€306,915
up €306,915 (+211.7%), from €145,000 to €451,915
- Other debts +€145,701
up €145,701 (+1227.7%), from €11,868 to €157,569
- Profit (loss) carried forward +€21,863
up €21,863 (+14.5%), from -€150,670 to -€128,806
- Current portion of long-term debt +€8,667
new in 2025: €8,667
- Gross operating margin +€46,631
up €46,631, from -€9,338 to €37,293
- Depreciation +€9,324
up €9,324 (+19638.0%), from €47 to €9,372
- Financial charges +€3,450
up €3,450 (+600.8%), from €574 to €4,024
- Other operating charges +€1,218
up €1,218 (+318.5%), from €382 to €1,601
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 | €30,276 | €514,615 | +€484,339 | +1599.8% |
| Fixed assets | 21/28 | €3,999 | €485,723 | +€481,725 | +12047.5% |
| Tangible fixed assets | 22/27 | €1,169 | €482,893 | +€481,725 | +41224.2% |
| Land and buildings | 22 | - | €480,499 | +€480,499 | |
| Plant, machinery and equipment | 23 | €1,169 | €925 | -€243 | -20.8% |
| Furniture and vehicles | 24 | - | €1,469 | +€1,469 | |
| Financial fixed assets | 28 | €2,830 | €2,830 | = | 0.0% |
| Current assets | 29/58 | €26,277 | €28,891 | +€2,614 | +9.9% |
| Amounts receivable within one year | 40/41 | €17,684 | €20,782 | +€3,098 | +17.5% |
| Trade receivables | 40 | €16,171 | €19,938 | +€3,766 | +23.3% |
| Other amounts receivable | 41 | €1,513 | €844 | -€669 | -44.2% |
| Cash at bank and in hand | 54/58 | €8,593 | €8,029 | -€564 | -6.6% |
| Deferred charges and accrued income | 490/1 | - | €80 | +€80 | |
| Total equity and liabilities | 10/49 | €30,276 | €514,615 | +€484,339 | +1599.8% |
| Equity | 10/15 | -€132,070 | -€110,206 | +€21,863 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,670 | -€128,806 | +€21,863 | +14.5% |
| Amounts payable | 17/49 | €162,345 | €624,821 | +€462,476 | +284.9% |
| Amounts payable after more than one year | 17 | €145,000 | €451,915 | +€306,915 | +211.7% |
| Financial debts | 170/4 | €145,000 | €451,915 | +€306,915 | +211.7% |
| Amounts payable within one year | 42/48 | €16,165 | €170,807 | +€154,642 | +956.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,667 | +€8,667 | |
| Trade debts | 44 | €1,346 | €431 | -€915 | -67.9% |
| Suppliers | 440/4 | €1,346 | €431 | -€915 | -67.9% |
| Advances received on contracts in progress | 46 | €2,340 | €0 | -€2,340 | -100.0% |
| Taxes, remuneration and social security | 45 | €611 | €4,140 | +€3,529 | +577.7% |
| Taxes | 450/3 | €611 | €4,140 | +€3,529 | +577.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,868 | €157,569 | +€145,701 | +1227.7% |
| Accrued charges and deferred income | 492/3 | €1,180 | €2,099 | +€918 | +77.8% |
| Non-recurring operating income | 76A | €493 | €0 | -€493 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €9,372 | +€9,324 | +19638.0% |
| Other operating charges | 640/8 | €382 | €1,601 | +€1,218 | +318.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€9,338 | €37,293 | +€46,631 | |
| Operating profit (loss) | 9901 | -€9,768 | €26,321 | +€36,088 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €574 | €4,024 | +€3,450 | +600.8% |
| Recurring financial charges | 65 | €574 | €4,024 | +€3,450 | +600.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,342 | €22,310 | +€32,652 | |
| Income taxes | 67/77 | €435 | €447 | +€12 | +2.8% |
| Profit (loss) for the period | 9904 | -€10,777 | €21,863 | +€32,640 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,777 | €21,863 | +€32,640 |
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 28 September 2026 via checked.be.