EL FARO: 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.
EL FARO
Largest movements
- Receivables within one year +€12,000
up €12,000 (+63.0%), from €19,056 to €31,056
of which Trade receivables: +€12,000
- Cash -€4,463
down €4,463 (-22.3%), from €20,020 to €15,557
mainly Receivables within one year (-€12,000) and Trade debts (-€647)
- Profit (loss) carried forward +€8,200
up €8,200 (+3.4%), from -€238,925 to -€230,725
- Gross operating margin -€610
down €610 (-6.5%), from €9,338 to €8,728
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,176 | €419,713 | +€7,537 | +1.8% |
| Fixed assets | 21/28 | €373,100 | €373,100 | = | 0.0% |
| Tangible fixed assets | 22/27 | €373,100 | €373,100 | = | 0.0% |
| Land and buildings | 22 | €373,100 | €373,100 | = | 0.0% |
| Current assets | 29/58 | €39,076 | €46,613 | +€7,537 | +19.3% |
| Amounts receivable within one year | 40/41 | €19,056 | €31,056 | +€12,000 | +63.0% |
| Trade receivables | 40 | €872 | €12,872 | +€12,000 | +1,377% |
| Other amounts receivable | 41 | €18,185 | €18,185 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,020 | €15,557 | -€4,463 | -22.3% |
| Total equity and liabilities | 10/49 | €412,176 | €419,713 | +€7,537 | +1.8% |
| Equity | 10/15 | €411,075 | €419,275 | +€8,200 | +2.0% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€238,925 | -€230,725 | +€8,200 | +3.4% |
| Amounts payable | 17/49 | €1,101 | €439 | -€663 | -60.2% |
| Amounts payable within one year | 42/48 | €1,101 | €439 | -€663 | -60.2% |
| Trade debts | 44 | €1,085 | €439 | -€647 | -59.6% |
| Suppliers | 440/4 | €1,085 | €439 | -€647 | -59.6% |
| Other amounts payable | 47/48 | €16 | €0 | -€16 | -100% |
| Other operating charges | 640/8 | €516 | €528 | +€12 | +2.3% |
| Gross operating margin | 9900 | €9,338 | €8,728 | -€610 | -6.5% |
| Operating profit (loss) | 9901 | €8,822 | €8,200 | -€622 | -7.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €8,822 | €8,200 | -€622 | -7.0% |
| Profit (loss) for the period | 9904 | €8,822 | €8,200 | -€622 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,822 | €8,200 | -€622 | -7.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.