Faes & Co: 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.
Faes & Co
Largest movements
- Receivables within one year +€77,215
up €77,215 (+1712.8%), from €4,508 to €81,723
of which Trade receivables: +€73,304
- Cash -€55,203
down €55,203 (-78.9%), from €69,990 to €14,787
mainly Receivables within one year (-€77,215) and Debts after one year (-€4,541)
- Tangible fixed assets -€14,576
down €14,576 (-22.3%), from €65,491 to €50,916
of which Furniture and vehicles: -€16,802
- Deferred charges and accrued income -€14,098
down €14,098 (-95.3%), from €14,800 to €702
- Debts after one year -€4,541
down €4,541 (-10.2%), from €44,347 to €39,805
- Profit (loss) carried forward -€2,178
down €2,178 (-6.3%), from €34,304 to €32,127
- Staff costs +€32,432
up €32,432 (+44.8%), from €72,439 to €104,871
- Gross operating margin +€13,836
up €13,836 (+12.1%), from €113,994 to €127,830
- Taxes -€5,217
down €5,217 (-86.1%), from €6,063 to €846
- Other operating charges -€3,938
down €3,938 (-58.7%), from €6,710 to €2,772
- Depreciation +€2,808
up €2,808 (+17.7%), from €15,899 to €18,707
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 | €158,626 | €150,733 | -€7,892 | -5.0% |
| Fixed assets | 21/28 | €65,491 | €50,916 | -€14,576 | -22.3% |
| Tangible fixed assets | 22/27 | €65,491 | €50,916 | -€14,576 | -22.3% |
| Plant, machinery and equipment | 23 | €4,552 | €6,778 | +€2,226 | +48.9% |
| Furniture and vehicles | 24 | €60,940 | €44,138 | -€16,802 | -27.6% |
| Current assets | 29/58 | €93,134 | €99,818 | +€6,683 | +7.2% |
| Stocks and contracts in progress | 3 | €3,836 | €2,605 | -€1,231 | -32.1% |
| Stocks | 30/36 | €3,836 | €2,605 | -€1,231 | -32.1% |
| Amounts receivable within one year | 40/41 | €4,508 | €81,723 | +€77,215 | +1712.8% |
| Trade receivables | 40 | €1,155 | €74,459 | +€73,304 | +6345.6% |
| Other amounts receivable | 41 | €3,353 | €7,264 | +€3,911 | +116.6% |
| Cash at bank and in hand | 54/58 | €69,990 | €14,787 | -€55,203 | -78.9% |
| Deferred charges and accrued income | 490/1 | €14,800 | €702 | -€14,098 | -95.3% |
| Total equity and liabilities | 10/49 | €158,626 | €150,733 | -€7,892 | -5.0% |
| Equity | 10/15 | €92,684 | €90,506 | -€2,178 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,780 | €39,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,920 | €37,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,304 | €32,127 | -€2,178 | -6.3% |
| Amounts payable | 17/49 | €65,942 | €60,227 | -€5,715 | -8.7% |
| Amounts payable after more than one year | 17 | €44,347 | €39,805 | -€4,541 | -10.2% |
| Financial debts | 170/4 | €44,347 | €39,805 | -€4,541 | -10.2% |
| Amounts payable within one year | 42/48 | €21,595 | €20,422 | -€1,173 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €4,285 | €4,541 | +€257 | +6.0% |
| Financial debts | 43 | €4,203 | €3,565 | -€638 | -15.2% |
| Credit institutions | 430/8 | €4,203 | €3,565 | -€638 | -15.2% |
| Trade debts | 44 | €5,028 | €4,840 | -€188 | -3.7% |
| Suppliers | 440/4 | €5,028 | €4,840 | -€188 | -3.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,080 | €7,476 | -€604 | -7.5% |
| Remuneration, social security and pensions | 62 | €72,439 | €104,871 | +€32,432 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,899 | €18,707 | +€2,808 | +17.7% |
| Other operating charges | 640/8 | €6,710 | €2,772 | -€3,938 | -58.7% |
| Gross operating margin | 9900 | €113,994 | €127,830 | +€13,836 | +12.1% |
| Operating profit (loss) | 9901 | €18,947 | €1,480 | -€17,467 | -92.2% |
| Financial income | 75/76B | €728 | €288 | -€440 | -60.4% |
| Recurring financial income | 75 | €728 | €288 | -€440 | -60.4% |
| Financial charges | 65/66B | €3,414 | €3,100 | -€313 | -9.2% |
| Recurring financial charges | 65 | €3,414 | €3,100 | -€313 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €16,261 | -€1,332 | -€17,593 | |
| Income taxes | 67/77 | €6,063 | €846 | -€5,217 | -86.1% |
| Profit (loss) for the period | 9904 | €10,199 | -€2,178 | -€12,376 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,199 | -€2,178 | -€12,376 |
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 11 October 2026 via checked.be.