FAES CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets +€105,399
up €105,399 (+2,698%), from €3,907 to €109,306
of which Furniture and vehicles: +€106,749
- Receivables within one year -€9,599
down €9,599 (-20.8%), from €46,107 to €36,508
of which Other amounts receivable: -€13,358
- Cash +€7,627
up €7,627 (+46.6%), from €16,350 to €23,976
mainly Debts after one year (+€80,114) and Net result for the year (+€32,354)
- Debts after one year +€80,114
new in 2025: €80,114
- Current portion of long-term debt +€21,084
new in 2025: €21,084
- Tax, wage and social debts +€14,343
up €14,343 (+357%), from €4,023 to €18,366
- Other debts -€9,000
down €9,000 (-21.2%), from €42,500 to €33,500
- Gross operating margin +€50,062
up €50,062 (+816%), from €6,137 to €56,199
- Taxes +€9,673
up €9,673 (+835%), from €1,159 to €10,832
- Depreciation +€4,118
up €4,118 (+116%), from €3,551 to €7,669
- Financial charges +€1,346
up €1,346 (+115%), from €1,166 to €2,511
- Other operating charges +€903
up €903 (+65.6%), from €1,377 to €2,281
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 | €66,956 | €171,106 | +€104,151 | +156% |
| Fixed assets | 21/28 | €3,907 | €109,306 | +€105,399 | +2,698% |
| Tangible fixed assets | 22/27 | €3,907 | €109,306 | +€105,399 | +2,698% |
| Plant, machinery and equipment | 23 | €1,652 | €302 | -€1,350 | -81.7% |
| Furniture and vehicles | 24 | €2,255 | €109,004 | +€106,749 | +4,733% |
| Current assets | 29/58 | €63,049 | €61,800 | -€1,248 | -2.0% |
| Amounts receivable within one year | 40/41 | €46,107 | €36,508 | -€9,599 | -20.8% |
| Trade receivables | 40 | €4,664 | €8,423 | +€3,759 | +80.6% |
| Other amounts receivable | 41 | €41,443 | €28,085 | -€13,358 | -32.2% |
| Cash at bank and in hand | 54/58 | €16,350 | €23,976 | +€7,627 | +46.6% |
| Deferred charges and accrued income | 490/1 | €592 | €1,316 | +€724 | +122% |
| Total equity and liabilities | 10/49 | €66,956 | €171,106 | +€104,151 | +156% |
| Equity | 10/15 | €4,262 | €3,116 | -€1,146 | -26.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,262 | €116 | -€1,146 | -90.8% |
| Amounts payable | 17/49 | €62,694 | €167,990 | +€105,296 | +168% |
| Amounts payable after more than one year | 17 | - | €80,114 | +€80,114 | |
| Financial debts | 170/4 | - | €80,114 | +€80,114 | |
| Amounts payable within one year | 42/48 | €62,694 | €87,877 | +€25,183 | +40.2% |
| Current portion of amounts payable after more than one year | 42 | - | €21,084 | +€21,084 | |
| Trade debts | 44 | €16,171 | €14,927 | -€1,244 | -7.7% |
| Suppliers | 440/4 | €16,171 | €14,927 | -€1,244 | -7.7% |
| Taxes, remuneration and social security | 45 | €4,023 | €18,366 | +€14,343 | +357% |
| Taxes | 450/3 | €4,023 | €18,366 | +€14,343 | +357% |
| Other amounts payable | 47/48 | €42,500 | €33,500 | -€9,000 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,551 | €7,669 | +€4,118 | +116% |
| Other operating charges | 640/8 | €1,377 | €2,281 | +€903 | +65.6% |
| Non-recurring operating charges | 66A | - | €2,255 | +€2,255 | |
| Gross operating margin | 9900 | €6,137 | €56,199 | +€50,062 | +816% |
| Operating profit (loss) | 9901 | €1,209 | €43,994 | +€42,786 | +3,540% |
| Financial income | 75/76B | €1,891 | €1,703 | -€188 | -9.9% |
| Recurring financial income | 75 | €1,891 | €1,703 | -€188 | -9.9% |
| Financial charges | 65/66B | €1,166 | €2,511 | +€1,346 | +115% |
| Recurring financial charges | 65 | €1,166 | €2,511 | +€1,346 | +115% |
| Profit (loss) for the period before taxes | 9903 | €1,934 | €43,186 | +€41,252 | +2,133% |
| Income taxes | 67/77 | €1,159 | €10,832 | +€9,673 | +835% |
| Profit (loss) for the period | 9904 | €775 | €32,354 | +€31,580 | +4,076% |
| Profit (loss) for the period to be appropriated | 9905 | €775 | €32,354 | +€31,580 | +4,076% |
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 31 October 2026 via checked.be.