F.A.I.R.: 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.
F.A.I.R.
Largest movements
- Receivables within one year -€23,931
down €23,931 (-65.5%), from €36,529 to €12,599
of which Other amounts receivable: -€22,721
- Cash +€13,722
up €13,722 (+78.2%), from €17,557 to €31,280
mainly Receivables within one year (+€23,931) and Depreciation (+€5,909)
- Tangible fixed assets -€5,909
down €5,909 (-10.1%), from €58,617 to €52,709
of which Furniture and vehicles: -€5,909
- Profit (loss) carried forward -€16,875
down €16,875, from €7,499 to -€9,376
- Gross operating margin -€12,882
down €12,882, from €2,926 to -€9,956
- Financial income -€832
down €832 (-48.1%), from €1,729 to €897
- Other operating charges -€118
down €118 (-14.0%), from €846 to €728
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 | €114,349 | €97,962 | -€16,387 | -14.3% |
| Fixed assets | 21/28 | €59,367 | €53,459 | -€5,909 | -10.0% |
| Tangible fixed assets | 22/27 | €58,617 | €52,709 | -€5,909 | -10.1% |
| Furniture and vehicles | 24 | €17,692 | €11,784 | -€5,909 | -33.4% |
| Other tangible fixed assets | 26 | €40,925 | €40,925 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €54,982 | €44,503 | -€10,478 | -19.1% |
| Amounts receivable within one year | 40/41 | €36,529 | €12,599 | -€23,931 | -65.5% |
| Trade receivables | 40 | €1,210 | - | -€1,210 | |
| Other amounts receivable | 41 | €35,319 | €12,599 | -€22,721 | -64.3% |
| Cash at bank and in hand | 54/58 | €17,557 | €31,280 | +€13,722 | +78.2% |
| Deferred charges and accrued income | 490/1 | €895 | €625 | -€270 | -30.1% |
| Total equity and liabilities | 10/49 | €114,349 | €97,962 | -€16,387 | -14.3% |
| Equity | 10/15 | €81,655 | €64,780 | -€16,875 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,556 | €55,556 | = | 0.0% |
| Distributable reserves | 133 | €55,556 | €55,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,499 | -€9,376 | -€16,875 | |
| Amounts payable | 17/49 | €32,694 | €33,182 | +€488 | +1.5% |
| Amounts payable after more than one year | 17 | €31,519 | €32,307 | +€788 | +2.5% |
| Other amounts payable | 178/9 | €31,519 | €32,307 | +€788 | +2.5% |
| Amounts payable within one year | 42/48 | €1,175 | €876 | -€300 | -25.5% |
| Trade debts | 44 | - | €622 | +€622 | |
| Suppliers | 440/4 | - | €622 | +€622 | |
| Taxes, remuneration and social security | 45 | €1,175 | €253 | -€922 | -78.5% |
| Taxes | 450/3 | €1,175 | €253 | -€922 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,909 | €5,909 | -€0 | 0.0% |
| Other operating charges | 640/8 | €846 | €728 | -€118 | -14.0% |
| Gross operating margin | 9900 | €2,926 | -€9,956 | -€12,882 | |
| Operating profit (loss) | 9901 | -€3,830 | -€16,593 | -€12,763 | -333% |
| Financial income | 75/76B | €1,729 | €897 | -€832 | -48.1% |
| Recurring financial income | 75 | €1,729 | €897 | -€832 | -48.1% |
| Financial charges | 65/66B | €912 | €959 | +€47 | +5.1% |
| Recurring financial charges | 65 | €912 | €959 | +€47 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,013 | -€16,655 | -€13,642 | -453% |
| Income taxes | 67/77 | €269 | €221 | -€48 | -17.9% |
| Profit (loss) for the period | 9904 | -€3,281 | -€16,875 | -€13,594 | -414% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,281 | -€16,875 | -€13,594 | -414% |
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 27 October 2026 via checked.be.