FAES GEBR.: 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 GEBR.
Largest movements
- Receivables within one year +€164,135
up €164,135 (+114.3%), from €143,594 to €307,728
of which Trade receivables: +€170,482
- Cash -€68,856
down €68,856 (-78.2%), from €88,058 to €19,201
mainly Receivables within one year (-€164,135) and Deferred charges and accrued income (-€1,225)
- Tangible fixed assets -€11,301
down €11,301 (-96.2%), from €11,748 to €446
of which Furniture and vehicles: -€9,531
- Other debts +€38,633
up €38,633 (+18.1%), from €213,850 to €252,483
- Trade debts +€28,654
up €28,654 (+19.7%), from €145,208 to €173,862
- Reserves +€10,661
up €10,661 (+25.3%), from €42,075 to €52,736
- Depreciation -€11,225
down €11,225 (-49.8%), from €22,526 to €11,301
- Taxes +€3,710
up €3,710 (+238.8%), from €1,554 to €5,263
- Other operating charges -€1,188
down €1,188 (-17.5%), from €6,785 to €5,598
- Financial charges -€1,178
down €1,178 (-9.3%), from €12,702 to €11,523
- Gross operating margin -€456
down €456 (-1.0%), from €44,741 to €44,285
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 | €599,209 | €682,401 | +€83,192 | +13.9% |
| Fixed assets | 21/28 | €11,748 | €446 | -€11,301 | -96.2% |
| Tangible fixed assets | 22/27 | €11,748 | €446 | -€11,301 | -96.2% |
| Plant, machinery and equipment | 23 | €2,216 | €446 | -€1,770 | -79.9% |
| Furniture and vehicles | 24 | €9,531 | €0 | -€9,531 | -100.0% |
| Current assets | 29/58 | €587,461 | €681,955 | +€94,494 | +16.1% |
| Stocks and contracts in progress | 3 | €355,810 | €353,800 | -€2,010 | -0.6% |
| Stocks | 30/36 | €355,810 | €353,800 | -€2,010 | -0.6% |
| Amounts receivable within one year | 40/41 | €143,594 | €307,728 | +€164,135 | +114.3% |
| Trade receivables | 40 | €137,247 | €307,728 | +€170,482 | +124.2% |
| Other amounts receivable | 41 | €6,347 | €0 | -€6,347 | -100.0% |
| Cash at bank and in hand | 54/58 | €88,058 | €19,201 | -€68,856 | -78.2% |
| Deferred charges and accrued income | 490/1 | - | €1,225 | +€1,225 | |
| Total equity and liabilities | 10/49 | €599,209 | €682,401 | +€83,192 | +13.9% |
| Equity | 10/15 | €64,385 | €75,047 | +€10,661 | +16.6% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €42,075 | €52,736 | +€10,661 | +25.3% |
| Distributable reserves | 133 | €42,075 | €52,736 | +€10,661 | +25.3% |
| Amounts payable | 17/49 | €534,824 | €607,354 | +€72,531 | +13.6% |
| Amounts payable within one year | 42/48 | €534,762 | €607,354 | +€72,593 | +13.6% |
| Financial debts | 43 | €173,525 | €174,102 | +€576 | +0.3% |
| Credit institutions | 430/8 | €173,525 | €174,102 | +€576 | +0.3% |
| Trade debts | 44 | €145,208 | €173,862 | +€28,654 | +19.7% |
| Suppliers | 440/4 | €145,208 | €173,862 | +€28,654 | +19.7% |
| Taxes, remuneration and social security | 45 | €2,179 | €6,908 | +€4,729 | +217.1% |
| Taxes | 450/3 | €2,179 | €6,908 | +€4,729 | +217.1% |
| Other amounts payable | 47/48 | €213,850 | €252,483 | +€38,633 | +18.1% |
| Accrued charges and deferred income | 492/3 | €62 | €0 | -€62 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,526 | €11,301 | -€11,225 | -49.8% |
| Other operating charges | 640/8 | €6,785 | €5,598 | -€1,188 | -17.5% |
| Gross operating margin | 9900 | €44,741 | €44,285 | -€456 | -1.0% |
| Operating profit (loss) | 9901 | €15,430 | €27,385 | +€11,956 | +77.5% |
| Financial income | 75/76B | €0 | €63 | +€62 | +24960.0% |
| Recurring financial income | 75 | €0 | €63 | +€62 | +24960.0% |
| Financial charges | 65/66B | €12,702 | €11,523 | -€1,178 | -9.3% |
| Recurring financial charges | 65 | €12,702 | €11,523 | -€1,178 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €2,728 | €15,925 | +€13,197 | +483.7% |
| Income taxes | 67/77 | €1,554 | €5,263 | +€3,710 | +238.8% |
| Profit (loss) for the period | 9904 | €1,175 | €10,661 | +€9,487 | +807.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,175 | €10,661 | +€9,487 | +807.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.