FAES VERHUIZINGEN: 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 VERHUIZINGEN
Largest movements
- Tangible fixed assets +€519,184
up €519,184 (+65.6%), from €791,099 to €1.3m
of which Land and buildings: +€659,259
- Cash +€144,306
up €144,306 (+235%), from €61,292 to €205,598
mainly Other debts (+€312,067) and Trade debts (+€279,546)
- Receivables within one year +€119,887
up €119,887 (+85.9%), from €139,506 to €259,392
of which Trade receivables: +€130,587
- Receivables after one year -€85,500
down €85,500 (-100%), from €85,500 to €0
- Other debts +€312,067
new in 2025: €312,067
- Trade debts +€279,546
up €279,546 (+196%), from €142,463 to €422,009
- Reserves +€88,819
up €88,819 (+9.7%), from €915,569 to €1.0m
of which Distributable reserves: +€88,819
- Staff costs +€86,414
up €86,414 (+32.5%), from €265,788 to €352,202
- Other operating charges -€80,879
down €80,879 (-91.7%), from €88,194 to €7,314
- Gross operating margin +€62,781
up €62,781 (+10.9%), from €576,723 to €639,503
- Depreciation +€35,155
up €35,155 (+28.9%), from €121,816 to €156,972
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 | €1,115,411 | €1,813,288 | +€697,877 | +62.6% |
| Fixed assets | 21/28 | €829,113 | €1,348,298 | +€519,184 | +62.6% |
| Tangible fixed assets | 22/27 | €791,099 | €1,310,284 | +€519,184 | +65.6% |
| Land and buildings | 22 | €324,935 | €984,193 | +€659,259 | +203% |
| Plant, machinery and equipment | 23 | €15,693 | €11,219 | -€4,474 | -28.5% |
| Furniture and vehicles | 24 | €450,472 | €314,872 | -€135,600 | -30.1% |
| Financial fixed assets | 28 | €38,014 | €38,014 | = | 0.0% |
| Current assets | 29/58 | €286,298 | €464,990 | +€178,692 | +62.4% |
| Amounts receivable after more than one year | 29 | €85,500 | €0 | -€85,500 | -100% |
| Other amounts receivable | 291 | €85,500 | €0 | -€85,500 | -100% |
| Amounts receivable within one year | 40/41 | €139,506 | €259,392 | +€119,887 | +85.9% |
| Trade receivables | 40 | €128,805 | €259,392 | +€130,587 | +101% |
| Other amounts receivable | 41 | €10,700 | €0 | -€10,700 | -100% |
| Cash at bank and in hand | 54/58 | €61,292 | €205,598 | +€144,306 | +235% |
| Total equity and liabilities | 10/49 | €1,115,411 | €1,813,288 | +€697,877 | +62.6% |
| Equity | 10/15 | €934,161 | €1,022,980 | +€88,819 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €915,569 | €1,004,388 | +€88,819 | +9.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €913,710 | €1,002,529 | +€88,819 | +9.7% |
| Amounts payable | 17/49 | €181,250 | €790,308 | +€609,058 | +336% |
| Amounts payable within one year | 42/48 | €181,250 | €790,308 | +€609,058 | +336% |
| Trade debts | 44 | €142,463 | €422,009 | +€279,546 | +196% |
| Suppliers | 440/4 | €142,463 | €422,009 | +€279,546 | +196% |
| Taxes, remuneration and social security | 45 | €38,787 | €56,232 | +€17,445 | +45.0% |
| Taxes | 450/3 | €10,289 | €19,816 | +€9,527 | +92.6% |
| Remuneration and social security | 454/9 | €28,498 | €36,416 | +€7,918 | +27.8% |
| Other amounts payable | 47/48 | - | €312,067 | +€312,067 | |
| Non-recurring operating income | 76A | €47,431 | €44,149 | -€3,282 | -6.9% |
| Remuneration, social security and pensions | 62 | €265,788 | €352,202 | +€86,414 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,816 | €156,972 | +€35,155 | +28.9% |
| Other operating charges | 640/8 | €88,194 | €7,314 | -€80,879 | -91.7% |
| Gross operating margin | 9900 | €576,723 | €639,503 | +€62,781 | +10.9% |
| Operating profit (loss) | 9901 | €100,925 | €123,016 | +€22,090 | +21.9% |
| Financial income | 75/76B | €2,308 | €1,598 | -€710 | -30.7% |
| Recurring financial income | 75 | €2,308 | €1,598 | -€710 | -30.7% |
| Financial charges | 65/66B | €217 | -€96 | -€312 | |
| Recurring financial charges | 65 | €217 | -€96 | -€312 | |
| Profit (loss) for the period before taxes | 9903 | €103,016 | €124,709 | +€21,693 | +21.1% |
| Income taxes | 67/77 | €41,268 | €35,890 | -€5,378 | -13.0% |
| Profit (loss) for the period | 9904 | €61,749 | €88,819 | +€27,070 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,749 | €88,819 | +€27,070 | +43.8% |
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 18 October 2026 via checked.be.