FAECO: 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.
FAECO
Largest movements
- Current investments +€229,500
up €229,500 (+50.2%), from €457,352 to €686,852
- Receivables within one year +€41,375
up €41,375 (+129%), from €32,141 to €73,517
of which Trade receivables: +€50,000
- Tangible fixed assets -€40,729
down €40,729 (-3.6%), from €1.1m to €1.1m
- Reserves +€339,551
up €339,551 (+31.6%), from €1.1m to €1.4m
- Other debts -€90,232
down €90,232 (-75.3%), from €119,846 to €29,613
- Debts after one year -€77,920
down €77,920 (-21.7%), from €358,361 to €280,441
- Trade debts +€38,103
up €38,103 (+59.6%), from €63,959 to €102,061
- Tax, wage and social debts +€29,381
up €29,381 (+78.9%), from €37,251 to €66,632
- Financial income +€213,135
up €213,135 (+278%), from €76,683 to €289,818
- Financial charges +€85,119
up €85,119 (+511%), from €16,662 to €101,781
- Taxes +€65,956
up €65,956 (+70.2%), from €93,925 to €159,882
- Gross operating margin +€50,354
up €50,354 (+14.7%), from €342,775 to €393,129
- Depreciation +€10,371
up €10,371 (+15.4%), from €67,510 to €77,881
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 | €1,753,007 | €1,974,129 | +€221,122 | +12.6% |
| Fixed assets | 21/28 | €1,143,749 | €1,103,520 | -€40,229 | -3.5% |
| Tangible fixed assets | 22/27 | €1,137,606 | €1,096,877 | -€40,729 | -3.6% |
| Land and buildings | 22 | €1,015,549 | €1,004,042 | -€11,507 | -1.1% |
| Plant, machinery and equipment | 23 | €13,615 | €10,175 | -€3,440 | -25.3% |
| Furniture and vehicles | 24 | €88,632 | €82,661 | -€5,971 | -6.7% |
| Leasing and similar rights | 25 | €19,811 | €0 | -€19,811 | -100% |
| Financial fixed assets | 28 | €6,143 | €6,643 | +€500 | +8.1% |
| Current assets | 29/58 | €609,257 | €870,609 | +€261,351 | +42.9% |
| Amounts receivable after more than one year | 29 | €74,250 | €61,875 | -€12,375 | -16.7% |
| Other amounts receivable | 291 | €74,250 | €61,875 | -€12,375 | -16.7% |
| Amounts receivable within one year | 40/41 | €32,141 | €73,517 | +€41,375 | +129% |
| Trade receivables | 40 | €0 | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €32,141 | €23,517 | -€8,625 | -26.8% |
| Current investments | 50/53 | €457,352 | €686,852 | +€229,500 | +50.2% |
| Cash at bank and in hand | 54/58 | €39,396 | €43,820 | +€4,424 | +11.2% |
| Deferred charges and accrued income | 490/1 | €6,118 | €4,546 | -€1,572 | -25.7% |
| Total equity and liabilities | 10/49 | €1,753,007 | €1,974,129 | +€221,122 | +12.6% |
| Equity | 10/15 | €1,080,057 | €1,419,608 | +€339,551 | +31.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,073,857 | €1,413,408 | +€339,551 | +31.6% |
| Distributable reserves | 133 | €1,073,857 | €1,413,408 | +€339,551 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €672,950 | €554,520 | -€118,429 | -17.6% |
| Amounts payable after more than one year | 17 | €358,361 | €280,441 | -€77,920 | -21.7% |
| Financial debts | 170/4 | €358,361 | €280,441 | -€77,920 | -21.7% |
| Amounts payable within one year | 42/48 | €314,588 | €274,079 | -€40,509 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €93,533 | €75,773 | -€17,760 | -19.0% |
| Trade debts | 44 | €63,959 | €102,061 | +€38,103 | +59.6% |
| Suppliers | 440/4 | €63,959 | €102,061 | +€38,103 | +59.6% |
| Taxes, remuneration and social security | 45 | €37,251 | €66,632 | +€29,381 | +78.9% |
| Taxes | 450/3 | €37,251 | €66,632 | +€29,381 | +78.9% |
| Other amounts payable | 47/48 | €119,846 | €29,613 | -€90,232 | -75.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,510 | €77,881 | +€10,371 | +15.4% |
| Other operating charges | 640/8 | €3,129 | €3,852 | +€724 | +23.1% |
| Gross operating margin | 9900 | €342,775 | €393,129 | +€50,354 | +14.7% |
| Operating profit (loss) | 9901 | €272,136 | €311,395 | +€39,259 | +14.4% |
| Financial income | 75/76B | €76,683 | €289,818 | +€213,135 | +278% |
| Recurring financial income | 75 | €76,683 | €289,818 | +€213,135 | +278% |
| Financial charges | 65/66B | €16,662 | €101,781 | +€85,119 | +511% |
| Recurring financial charges | 65 | €16,662 | €101,781 | +€85,119 | +511% |
| Profit (loss) for the period before taxes | 9903 | €332,158 | €499,433 | +€167,274 | +50.4% |
| Income taxes | 67/77 | €93,925 | €159,882 | +€65,956 | +70.2% |
| Profit (loss) for the period | 9904 | €238,233 | €339,551 | +€101,318 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €238,233 | €339,551 | +€101,318 | +42.5% |
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 25 October 2026 via checked.be.