FA-WAY: 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.
FA-WAY
Largest movements
- Cash -€89,282
down €89,282 (-40.8%), from €219,053 to €129,772
mainly Net result for the year (-€138,832) and Receivables within one year (-€71,669)
- Receivables within one year +€71,669
up €71,669 (+29.6%), from €242,287 to €313,956
of which Trade receivables: +€55,466
- Stocks and contracts -€66,242
down €66,242 (-57.4%), from €115,473 to €49,231
- Intangible fixed assets -€46,035
down €46,035 (-7.7%), from €600,116 to €554,082
- Tangible fixed assets -€34,154
down €34,154 (-47.1%), from €72,514 to €38,360
of which Furniture and vehicles: -€36,426
- Profit (loss) carried forward -€138,832
down €138,832, from €116,734 to -€22,098
- Tax, wage and social debts -€39,463
down €39,463 (-41.1%), from €96,045 to €56,583
of which Remuneration and social security: -€33,193
- Other debts +€16,057
up €16,057 (+2383.9%), from €674 to €16,730
- Gross operating margin +€77,420
up €77,420 (+9.1%), from €847,351 to €924,772
- Staff costs -€68,303
down €68,303 (-6.9%), from €991,119 to €922,816
- Financial charges -€58,269
down €58,269 (-95.2%), from €61,210 to €2,941
- Turnover +€49,381
up €49,381 (+1.4%), from €3.5m to €3.5m
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 | €1,252,621 | €1,091,723 | -€160,899 | -12.8% |
| Fixed assets | 21/28 | €672,901 | €592,712 | -€80,189 | -11.9% |
| Intangible fixed assets | 21 | €600,116 | €554,082 | -€46,035 | -7.7% |
| Tangible fixed assets | 22/27 | €72,514 | €38,360 | -€34,154 | -47.1% |
| Plant, machinery and equipment | 23 | - | €2,272 | +€2,272 | |
| Furniture and vehicles | 24 | €72,514 | €36,088 | -€36,426 | -50.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €579,720 | €499,010 | -€80,710 | -13.9% |
| Stocks and contracts in progress | 3 | €115,473 | €49,231 | -€66,242 | -57.4% |
| Stocks | 30/36 | €115,473 | €49,231 | -€66,242 | -57.4% |
| Amounts receivable within one year | 40/41 | €242,287 | €313,956 | +€71,669 | +29.6% |
| Trade receivables | 40 | €209,089 | €264,555 | +€55,466 | +26.5% |
| Other amounts receivable | 41 | €33,197 | €49,401 | +€16,204 | +48.8% |
| Cash at bank and in hand | 54/58 | €219,053 | €129,772 | -€89,282 | -40.8% |
| Deferred charges and accrued income | 490/1 | €2,907 | €6,052 | +€3,144 | +108.1% |
| Total equity and liabilities | 10/49 | €1,252,621 | €1,091,723 | -€160,899 | -12.8% |
| Equity | 10/15 | €184,905 | €46,073 | -€138,832 | -75.1% |
| 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 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,734 | -€22,098 | -€138,832 | |
| Amounts payable | 17/49 | €1,067,717 | €1,045,650 | -€22,067 | -2.1% |
| Amounts payable within one year | 42/48 | €1,067,717 | €1,045,650 | -€22,067 | -2.1% |
| Trade debts | 44 | €970,998 | €972,337 | +€1,339 | +0.1% |
| Suppliers | 440/4 | €970,998 | €972,337 | +€1,339 | +0.1% |
| Taxes, remuneration and social security | 45 | €96,045 | €56,583 | -€39,463 | -41.1% |
| Taxes | 450/3 | €9,849 | €3,580 | -€6,269 | -63.7% |
| Remuneration and social security | 454/9 | €86,196 | €53,003 | -€33,193 | -38.5% |
| Other amounts payable | 47/48 | €674 | €16,730 | +€16,057 | +2383.9% |
| Turnover | 70 | €3,468,923 | €3,518,303 | +€49,381 | +1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,621,571 | €2,593,532 | -€28,040 | -1.1% |
| Remuneration, social security and pensions | 62 | €991,119 | €922,816 | -€68,303 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,979 | €103,810 | +€831 | +0.8% |
| Other operating charges | 640/8 | €14,382 | €13,921 | -€460 | -3.2% |
| Gross operating margin | 9900 | €847,351 | €924,772 | +€77,420 | +9.1% |
| Operating profit (loss) | 9901 | -€261,128 | -€115,776 | +€145,352 | +55.7% |
| Financial income | 75/76B | €768 | - | -€768 | |
| Recurring financial income | 75 | €768 | - | -€768 | |
| Financial charges | 65/66B | €61,210 | €2,941 | -€58,269 | -95.2% |
| Recurring financial charges | 65 | €61,210 | €2,941 | -€58,269 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | -€321,570 | -€118,717 | +€202,853 | +63.1% |
| Income taxes | 67/77 | - | €20,115 | +€20,115 | |
| Profit (loss) for the period | 9904 | -€321,570 | -€138,832 | +€182,738 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€321,570 | -€138,832 | +€182,738 | +56.8% |
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 5 October 2026 via checked.be.