FAES WORKS: 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 WORKS
Largest movements
- Tangible fixed assets -€4,126
down €4,126 (-32.7%), from €12,610 to €8,484
- Receivables within one year -€3,508
down €3,508 (-10.7%), from €32,758 to €29,249
of which Trade receivables: -€8,617
- Deferred charges and accrued income +€1,471
up €1,471 (+353%), from €416 to €1,888
- Cash +€1,254
up €1,254 (+12.4%), from €10,115 to €11,369
mainly Other debts (+€11,576) and Depreciation (+€4,126)
- Reserves -€12,836
down €12,836 (-100%), from €12,836 to €0
- Other debts +€11,576
up €11,576 (+61.5%), from €18,835 to €30,411
- Tax, wage and social debts -€1,782
down €1,782 (-84.2%), from €2,117 to €335
- Current portion of long-term debt -€1,690
down €1,690 (-100%), from €1,690 to €0
- Gross operating margin +€21,651
up €21,651, from -€15,879 to €5,772
- Financial charges -€407
down €407 (-22.9%), from €1,778 to €1,371
- Financial income -€315
down €315 (-18.8%), from €1,680 to €1,365
of which Financial income: -€315
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 | €55,899 | €50,990 | -€4,909 | -8.8% |
| Fixed assets | 21/28 | €12,610 | €8,484 | -€4,126 | -32.7% |
| Tangible fixed assets | 22/27 | €12,610 | €8,484 | -€4,126 | -32.7% |
| Furniture and vehicles | 24 | €12,610 | €8,484 | -€4,126 | -32.7% |
| Current assets | 29/58 | €43,289 | €42,506 | -€783 | -1.8% |
| Amounts receivable within one year | 40/41 | €32,758 | €29,249 | -€3,508 | -10.7% |
| Trade receivables | 40 | €8,617 | €0 | -€8,617 | -100% |
| Other amounts receivable | 41 | €24,141 | €29,249 | +€5,109 | +21.2% |
| Cash at bank and in hand | 54/58 | €10,115 | €11,369 | +€1,254 | +12.4% |
| Deferred charges and accrued income | 490/1 | €416 | €1,888 | +€1,471 | +353% |
| Total equity and liabilities | 10/49 | €55,899 | €50,990 | -€4,909 | -8.8% |
| Equity | 10/15 | €31,436 | €18,600 | -€12,836 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,836 | €0 | -€12,836 | -100% |
| Distributable reserves | 133 | €12,836 | €0 | -€12,836 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,463 | €32,390 | +€7,927 | +32.4% |
| Amounts payable within one year | 42/48 | €23,003 | €31,123 | +€8,120 | +35.3% |
| Current portion of amounts payable after more than one year | 42 | €1,690 | €0 | -€1,690 | -100% |
| Trade debts | 44 | €361 | €376 | +€15 | +4.3% |
| Suppliers | 440/4 | €361 | €376 | +€15 | +4.3% |
| Taxes, remuneration and social security | 45 | €2,117 | €335 | -€1,782 | -84.2% |
| Taxes | 450/3 | €2,117 | €335 | -€1,782 | -84.2% |
| Other amounts payable | 47/48 | €18,835 | €30,411 | +€11,576 | +61.5% |
| Accrued charges and deferred income | 492/3 | €1,460 | €1,268 | -€193 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,253 | €4,126 | -€127 | -3.0% |
| Other operating charges | 640/8 | €845 | €868 | +€23 | +2.7% |
| Non-recurring operating charges | 66A | €896 | €0 | -€896 | -100% |
| Gross operating margin | 9900 | -€15,879 | €5,772 | +€21,651 | |
| Operating profit (loss) | 9901 | -€21,873 | €778 | +€22,651 | |
| Financial income | 75/76B | €1,680 | €1,365 | -€315 | -18.8% |
| Recurring financial income | 75 | €1,680 | €1,365 | -€315 | -18.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,778 | €1,371 | -€407 | -22.9% |
| Recurring financial charges | 65 | €1,778 | €1,371 | -€407 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,971 | €771 | +€22,742 | |
| Income taxes | 67/77 | €198 | €170 | -€28 | -14.2% |
| Profit (loss) for the period | 9904 | -€22,170 | €601 | +€22,771 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,170 | €601 | +€22,771 |
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 26 October 2026 via checked.be.