Faes Cars: what changed
Faes Cars
Largest movements
- Stocks and contracts +€101,772
up €101,772 (+36.0%), from €282,582 to €384,354
- Cash -€55,924
down €55,924 (-36.3%), from €154,155 to €98,231
mainly Stocks and contracts (-€101,772) and Investment in fixed assets (net) (-€36,572)
- Receivables within one year +€35,283
up €35,283 (+152%), from €23,243 to €58,526
of which Trade receivables: +€30,831
- Tangible fixed assets +€21,117
up €21,117 (+54.6%), from €38,644 to €59,760
of which Furniture and vehicles: +€21,170
- Reserves +€36,612
up €36,612 (+911%), from €4,017 to €40,629
of which Distributable reserves: +€38,472
- Profit (loss) carried forward +€35,233
no longer reported in 2025 (was -€35,233)
- Trade debts +€21,833
up €21,833 (+920%), from €2,373 to €24,206
- Gross operating margin +€71,124
up €71,124 (+259%), from €27,419 to €98,543
- Depreciation -€9,297
down €9,297 (-37.6%), from €24,752 to €15,455
- Other operating charges +€2,656
up €2,656 (+69.1%), from €3,846 to €6,502
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,184 | €601,512 | +€102,328 | +20.5% |
| Fixed assets | 21/28 | €39,144 | €60,260 | +€21,117 | +53.9% |
| Tangible fixed assets | 22/27 | €38,644 | €59,760 | +€21,117 | +54.6% |
| Land and buildings | 22 | €8,688 | €5,529 | -€3,159 | -36.4% |
| Plant, machinery and equipment | 23 | €3,204 | €6,310 | +€3,106 | +96.9% |
| Furniture and vehicles | 24 | €26,751 | €47,921 | +€21,170 | +79.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €460,040 | €541,251 | +€81,211 | +17.7% |
| Stocks and contracts in progress | 3 | €282,582 | €384,354 | +€101,772 | +36.0% |
| Stocks | 30/36 | €282,582 | €384,354 | +€101,772 | +36.0% |
| Amounts receivable within one year | 40/41 | €23,243 | €58,526 | +€35,283 | +152% |
| Trade receivables | 40 | €16,000 | €46,831 | +€30,831 | +193% |
| Other amounts receivable | 41 | €7,243 | €11,695 | +€4,452 | +61.5% |
| Cash at bank and in hand | 54/58 | €154,155 | €98,231 | -€55,924 | -36.3% |
| Deferred charges and accrued income | 490/1 | €60 | €140 | +€80 | +133% |
| Total equity and liabilities | 10/49 | €499,184 | €601,512 | +€102,328 | +20.5% |
| Equity | 10/15 | -€12,616 | €59,229 | +€71,844 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,017 | €40,629 | +€36,612 | +911% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €2,157 | €2,157 | = | 0.0% |
| Distributable reserves | 133 | - | €38,472 | +€38,472 | |
| Profit (loss) carried forward | 14 | -€35,233 | - | +€35,233 | |
| Amounts payable | 17/49 | €511,800 | €542,283 | +€30,483 | +6.0% |
| Amounts payable after more than one year | 17 | €489,758 | €491,938 | +€2,179 | +0.4% |
| Financial debts | 170/4 | €44,258 | €47,738 | +€3,479 | +7.9% |
| Other amounts payable | 178/9 | €445,500 | €444,200 | -€1,300 | -0.3% |
| Amounts payable within one year | 42/48 | €22,041 | €50,345 | +€28,304 | +128% |
| Current portion of amounts payable after more than one year | 42 | €19,668 | €25,139 | +€5,471 | +27.8% |
| Trade debts | 44 | €2,373 | €24,206 | +€21,833 | +920% |
| Suppliers | 440/4 | €2,373 | €24,206 | +€21,833 | +920% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Non-recurring operating income | 76A | - | €11,172 | +€11,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,752 | €15,455 | -€9,297 | -37.6% |
| Other operating charges | 640/8 | €3,846 | €6,502 | +€2,656 | +69.1% |
| Non-recurring operating charges | 66A | - | €1,427 | +€1,427 | |
| Gross operating margin | 9900 | €27,419 | €98,543 | +€71,124 | +259% |
| Operating profit (loss) | 9901 | -€1,179 | €75,159 | +€76,338 | |
| Financial income | 75/76B | €609 | €163 | -€446 | -73.2% |
| Recurring financial income | 75 | €609 | €163 | -€446 | -73.2% |
| Financial charges | 65/66B | €3,268 | €3,478 | +€210 | +6.4% |
| Recurring financial charges | 65 | €3,268 | €3,478 | +€210 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,838 | €71,844 | +€75,682 | |
| Profit (loss) for the period | 9904 | -€3,838 | €71,844 | +€75,682 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,838 | €71,844 | +€75,682 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.