FAES & CO: 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.
FAES & CO
Largest movements
- Tangible fixed assets -€186,248
down €186,248 (-3.1%), from €6.0m to €5.8m
of which Land and buildings: -€147,311
- Reserves -€324,935
down €324,935 (-16.2%), from €2.0m to €1.7m
of which Tax-exempt reserves: -€324,935
- Debts after one year -€284,063
down €284,063 (-35.3%), from €805,265 to €521,203
- Profit (loss) carried forward +€236,225
up €236,225 (+94.5%), from -€250,046 to -€13,822
- Other debts +€208,147
up €208,147 (+17.9%), from €1.2m to €1.4m
- Provisions -€112,969
down €112,969 (-14.9%), from €756,561 to €643,592
- Gross operating margin +€135,519
up €135,519 (+508.3%), from €26,661 to €162,180
- Financial income -€71,134
down €71,134 (-99.8%), from €71,298 to €164
- Taxes -€58,277
down €58,277, from €22,489 to -€35,788
- Financial charges +€40,592
up €40,592 (+51.1%), from €79,484 to €120,077
- Depreciation +€2,464
up €2,464 (+0.9%), from €261,977 to €264,441
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 | €6,143,289 | €5,902,474 | -€240,815 | -3.9% |
| Fixed assets | 21/28 | €6,035,779 | €5,849,531 | -€186,248 | -3.1% |
| Tangible fixed assets | 22/27 | €6,035,779 | €5,849,531 | -€186,248 | -3.1% |
| Land and buildings | 22 | €5,870,170 | €5,722,859 | -€147,311 | -2.5% |
| Plant, machinery and equipment | 23 | €6,713 | €5,424 | -€1,289 | -19.2% |
| Furniture and vehicles | 24 | €158,897 | €121,248 | -€37,648 | -23.7% |
| Current assets | 29/58 | €107,510 | €52,943 | -€54,567 | -50.8% |
| Cash at bank and in hand | 54/58 | €98,619 | €44,376 | -€54,243 | -55.0% |
| Deferred charges and accrued income | 490/1 | €8,891 | €8,567 | -€324 | -3.6% |
| Total equity and liabilities | 10/49 | €6,143,289 | €5,902,474 | -€240,815 | -3.9% |
| Equity | 10/15 | €3,049,975 | €2,961,265 | -€88,710 | -2.9% |
| Contributions | 10/11 | €1,292,765 | €1,292,765 | = | 0.0% |
| Capital | 10 | €1,292,765 | €1,292,765 | = | 0.0% |
| Issued capital | 100 | €1,292,765 | €1,292,765 | = | 0.0% |
| Reserves | 13 | €2,007,257 | €1,682,322 | -€324,935 | -16.2% |
| Non-distributable reserves | 130/1 | €129,277 | €129,277 | = | 0.0% |
| Legal reserve | 130 | €129,277 | €129,277 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,877,980 | €1,553,045 | -€324,935 | -17.3% |
| Profit (loss) carried forward | 14 | -€250,046 | -€13,822 | +€236,225 | +94.5% |
| Provisions and deferred taxes | 16 | €756,561 | €643,592 | -€112,969 | -14.9% |
| Deferred taxes | 168 | €756,561 | €643,592 | -€112,969 | -14.9% |
| Amounts payable | 17/49 | €2,336,753 | €2,297,617 | -€39,136 | -1.7% |
| Amounts payable after more than one year | 17 | €805,265 | €521,203 | -€284,063 | -35.3% |
| Financial debts | 170/4 | €805,265 | €521,203 | -€284,063 | -35.3% |
| Amounts payable within one year | 42/48 | €1,467,899 | €1,665,550 | +€197,651 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €279,093 | €284,063 | +€4,970 | +1.8% |
| Trade debts | 44 | €23,513 | €8,047 | -€15,467 | -65.8% |
| Suppliers | 440/4 | €23,513 | €8,047 | -€15,467 | -65.8% |
| Other amounts payable | 47/48 | €1,165,294 | €1,373,441 | +€208,147 | +17.9% |
| Accrued charges and deferred income | 492/3 | €63,589 | €110,865 | +€47,276 | +74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,977 | €264,441 | +€2,464 | +0.9% |
| Other operating charges | 640/8 | €13,332 | €15,293 | +€1,962 | +14.7% |
| Gross operating margin | 9900 | €26,661 | €162,180 | +€135,519 | +508.3% |
| Operating profit (loss) | 9901 | -€248,648 | -€117,555 | +€131,093 | +52.7% |
| Financial income | 75/76B | €71,298 | €164 | -€71,134 | -99.8% |
| Recurring financial income | 75 | €71,298 | €164 | -€71,134 | -99.8% |
| Financial charges | 65/66B | €79,484 | €120,077 | +€40,592 | +51.1% |
| Recurring financial charges | 65 | €79,484 | €120,077 | +€40,592 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | -€256,834 | -€237,468 | +€19,367 | +7.5% |
| Transfer from deferred taxes | 780 | €37,442 | €112,969 | +€75,527 | +201.7% |
| Income taxes | 67/77 | €22,489 | -€35,788 | -€58,277 | |
| Profit (loss) for the period | 9904 | -€241,881 | -€88,710 | +€153,171 | +63.3% |
| Transfer from tax-exempt reserves | 789 | €88,841 | €324,935 | +€236,094 | +265.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€153,040 | €236,225 | +€389,265 |
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 1 October 2026 via checked.be.