FAA GROUP: 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.
FAA GROUP
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+213.3%), from €480,379 to €1.5m
of which Other amounts receivable: +€735,956
- Cash -€612,739
down €612,739 (-73.4%), from €834,979 to €222,241
mainly Receivables within one year (-€1.0m) and Investment in fixed assets (net) (-€181,442)
- Profit (loss) carried forward +€366,306
up €366,306 (+28.3%), from €1.3m to €1.7m
- Trade debts -€107,229
down €107,229 (-24.6%), from €436,005 to €328,775
of which Suppliers: -€107,229
- Tax, wage and social debts +€102,479
up €102,479 (+42.5%), from €241,049 to €343,528
of which Taxes: +€53,798
- Gross operating margin +€281,622
up €281,622 (+27.1%), from €1.0m to €1.3m
- Staff costs +€114,144
up €114,144 (+80.0%), from €142,666 to €256,810
- Taxes +€51,056
up €51,056 (+50.3%), from €101,484 to €152,540
- Financial income +€21,706
up €21,706 (+1142.5%), from €1,900 to €23,606
- Other operating charges -€14,545
down €14,545 (-4.0%), from €363,767 to €349,222
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.
Cash bridge derived
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 | €2,391,019 | €2,748,664 | +€357,646 | +15.0% |
| Fixed assets | 21/28 | €1,048,090 | €1,014,901 | -€33,189 | -3.2% |
| Intangible fixed assets | 21 | €96,689 | €71,373 | -€25,316 | -26.2% |
| Tangible fixed assets | 22/27 | €819,098 | €792,576 | -€26,522 | -3.2% |
| Land and buildings | 22 | €320,953 | €281,218 | -€39,736 | -12.4% |
| Plant, machinery and equipment | 23 | €448,957 | €488,185 | +€39,228 | +8.7% |
| Furniture and vehicles | 24 | €49,188 | €23,174 | -€26,014 | -52.9% |
| Financial fixed assets | 28 | €132,303 | €150,951 | +€18,648 | +14.1% |
| Current assets | 29/58 | €1,342,929 | €1,733,764 | +€390,835 | +29.1% |
| Amounts receivable within one year | 40/41 | €480,379 | €1,504,976 | +€1.0m | +213.3% |
| Trade receivables | 40 | €379,936 | €668,578 | +€288,642 | +76.0% |
| Other amounts receivable | 41 | €100,443 | €836,399 | +€735,956 | +732.7% |
| Cash at bank and in hand | 54/58 | €834,979 | €222,241 | -€612,739 | -73.4% |
| Deferred charges and accrued income | 490/1 | €27,571 | €6,547 | -€21,024 | -76.3% |
| Total equity and liabilities | 10/49 | €2,391,019 | €2,748,664 | +€357,646 | +15.0% |
| Equity | 10/15 | €1,393,383 | €1,759,689 | +€366,306 | +26.3% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Outside capital | 11 | €88,600 | €88,600 | = | 0.0% |
| Other | 1109/19 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €8,860 | €8,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,860 | €8,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,860 | €8,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,295,923 | €1,662,229 | +€366,306 | +28.3% |
| Amounts payable | 17/49 | €997,636 | €988,975 | -€8,660 | -0.9% |
| Amounts payable within one year | 42/48 | €997,636 | €988,975 | -€8,660 | -0.9% |
| Trade debts | 44 | €436,005 | €328,775 | -€107,229 | -24.6% |
| Suppliers | 440/4 | €160,778 | €53,549 | -€107,229 | -66.7% |
| Bills of exchange payable | 441 | €275,226 | €275,226 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €241,049 | €343,528 | +€102,479 | +42.5% |
| Taxes | 450/3 | €181,465 | €235,263 | +€53,798 | +29.6% |
| Remuneration and social security | 454/9 | €59,585 | €108,265 | +€48,680 | +81.7% |
| Other amounts payable | 47/48 | €320,582 | €316,672 | -€3,910 | -1.2% |
| Remuneration, social security and pensions | 62 | €142,666 | €256,810 | +€114,144 | +80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €211,047 | €214,631 | +€3,584 | +1.7% |
| Other operating charges | 640/8 | €363,767 | €349,222 | -€14,545 | -4.0% |
| Gross operating margin | 9900 | €1,037,832 | €1,319,454 | +€281,622 | +27.1% |
| Operating profit (loss) | 9901 | €320,352 | €498,791 | +€178,439 | +55.7% |
| Financial income | 75/76B | €1,900 | €23,606 | +€21,706 | +1142.5% |
| Recurring financial income | 75 | €1,900 | €23,606 | +€21,706 | +1142.5% |
| Financial charges | 65/66B | €3,072 | €3,550 | +€478 | +15.6% |
| Recurring financial charges | 65 | €3,072 | €3,550 | +€478 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €319,179 | €518,846 | +€199,667 | +62.6% |
| Income taxes | 67/77 | €101,484 | €152,540 | +€51,056 | +50.3% |
| Profit (loss) for the period | 9904 | €217,695 | €366,306 | +€148,611 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €217,695 | €366,306 | +€148,611 | +68.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.