Faar: 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.
Faar
Largest movements
- Receivables within one year -€13,662
down €13,662 (-51.7%), from €26,413 to €12,750
of which Trade receivables: -€14,060
- Cash +€9,090
up €9,090 (+24.4%), from €37,248 to €46,338
mainly Net result for the year (+€43,465) and Receivables within one year (+€13,662)
- Tangible fixed assets -€2,002
down €2,002 (-50.4%), from €3,975 to €1,973
of which Plant, machinery and equipment: -€1,632
- Tax, wage and social debts -€5,490
down €5,490 (-49.6%), from €11,076 to €5,586
- Gross operating margin +€7,233
up €7,233 (+13.0%), from €55,616 to €62,848
- Taxes +€1,356
up €1,356 (+9.6%), from €14,195 to €15,551
- Depreciation +€1,104
up €1,104 (+123.0%), from €898 to €2,002
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 | €69,959 | €63,453 | -€6,506 | -9.3% |
| Fixed assets | 21/28 | €3,975 | €1,973 | -€2,002 | -50.4% |
| Tangible fixed assets | 22/27 | €3,975 | €1,973 | -€2,002 | -50.4% |
| Plant, machinery and equipment | 23 | €2,736 | €1,104 | -€1,632 | -59.6% |
| Furniture and vehicles | 24 | €1,239 | €869 | -€370 | -29.9% |
| Current assets | 29/58 | €65,984 | €61,480 | -€4,504 | -6.8% |
| Amounts receivable within one year | 40/41 | €26,413 | €12,750 | -€13,662 | -51.7% |
| Trade receivables | 40 | €25,108 | €11,047 | -€14,060 | -56.0% |
| Other amounts receivable | 41 | €1,305 | €1,703 | +€398 | +30.5% |
| Cash at bank and in hand | 54/58 | €37,248 | €46,338 | +€9,090 | +24.4% |
| Deferred charges and accrued income | 490/1 | €2,323 | €2,392 | +€68 | +2.9% |
| Total equity and liabilities | 10/49 | €69,959 | €63,453 | -€6,506 | -9.3% |
| Equity | 10/15 | €18,578 | €18,550 | -€28 | -0.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €28 | €0 | -€28 | -100.0% |
| Distributable reserves | 133 | €28 | €0 | -€28 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,381 | €44,903 | -€6,478 | -12.6% |
| Amounts payable within one year | 42/48 | €51,381 | €44,903 | -€6,478 | -12.6% |
| Financial debts | 43 | €169 | €111 | -€58 | -34.3% |
| Credit institutions | 430/8 | €169 | €111 | -€58 | -34.3% |
| Trade debts | 44 | €837 | €573 | -€264 | -31.5% |
| Suppliers | 440/4 | €837 | €573 | -€264 | -31.5% |
| Taxes, remuneration and social security | 45 | €11,076 | €5,586 | -€5,490 | -49.6% |
| Taxes | 450/3 | €11,076 | €5,586 | -€5,490 | -49.6% |
| Other amounts payable | 47/48 | €39,299 | €38,633 | -€666 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €898 | €2,002 | +€1,104 | +123.0% |
| Other operating charges | 640/8 | €1,478 | €1,634 | +€156 | +10.6% |
| Gross operating margin | 9900 | €55,616 | €62,848 | +€7,233 | +13.0% |
| Operating profit (loss) | 9901 | €53,241 | €59,213 | +€5,972 | +11.2% |
| Financial charges | 65/66B | €227 | €197 | -€30 | -13.1% |
| Recurring financial charges | 65 | €227 | €197 | -€30 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €53,014 | €59,016 | +€6,002 | +11.3% |
| Income taxes | 67/77 | €14,195 | €15,551 | +€1,356 | +9.6% |
| Profit (loss) for the period | 9904 | €38,819 | €43,465 | +€4,646 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,819 | €43,465 | +€4,646 | +12.0% |
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 4 October 2026 via checked.be.