Faigin: 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.
Faigin
Largest movements
- Cash -€86,437
down €86,437 (-83.1%), from €104,001 to €17,564
mainly Other debts (-€53,185) and Contributions, distributions and other (-€17,749)
- Tangible fixed assets -€21,470
down €21,470 (-17.0%), from €126,623 to €105,153
- Receivables within one year +€3,739
up €3,739 (+62.7%), from €5,966 to €9,705
of which Trade receivables: +€3,739
- Other debts -€53,185
down €53,185 (-74.7%), from €71,176 to €17,991
- Reserves -€23,694
down €23,694 (-21.8%), from €108,895 to €85,201
- Debts after one year -€14,778
no longer reported in 2025 (was €14,778)
- Current portion of long-term debt -€10,555
down €10,555 (-41.7%), from €25,333 to €14,778
- Gross operating margin -€2,396
down €2,396 (-10.0%), from €24,018 to €21,622
- Financial charges -€1,434
down €1,434 (-55.6%), from €2,581 to €1,147
- Other operating charges -€375
down €375 (-7.0%), from €5,326 to €4,950
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 | €246,464 | €142,308 | -€104,156 | -42.3% |
| Fixed assets | 21/28 | €136,088 | €114,618 | -€21,470 | -15.8% |
| Tangible fixed assets | 22/27 | €126,623 | €105,153 | -€21,470 | -17.0% |
| Land and buildings | 22 | €126,623 | €105,153 | -€21,470 | -17.0% |
| Financial fixed assets | 28 | €9,465 | €9,465 | = | 0.0% |
| Current assets | 29/58 | €110,376 | €27,690 | -€82,686 | -74.9% |
| Amounts receivable within one year | 40/41 | €5,966 | €9,705 | +€3,739 | +62.7% |
| Trade receivables | 40 | - | €3,739 | +€3,739 | |
| Other amounts receivable | 41 | €5,966 | €5,966 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,001 | €17,564 | -€86,437 | -83.1% |
| Deferred charges and accrued income | 490/1 | €409 | €422 | +€12 | +3.0% |
| Total equity and liabilities | 10/49 | €246,464 | €142,308 | -€104,156 | -42.3% |
| Equity | 10/15 | €127,495 | €103,801 | -€23,694 | -18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €108,895 | €85,201 | -€23,694 | -21.8% |
| Distributable reserves | 133 | €108,895 | €85,201 | -€23,694 | -21.8% |
| Amounts payable | 17/49 | €118,969 | €38,507 | -€80,462 | -67.6% |
| Amounts payable after more than one year | 17 | €14,778 | - | -€14,778 | |
| Financial debts | 170/4 | €14,778 | - | -€14,778 | |
| Amounts payable within one year | 42/48 | €101,177 | €35,417 | -€65,760 | -65.0% |
| Current portion of amounts payable after more than one year | 42 | €25,333 | €14,778 | -€10,555 | -41.7% |
| Trade debts | 44 | €1,151 | €1,216 | +€65 | +5.6% |
| Suppliers | 440/4 | €1,151 | €1,216 | +€65 | +5.6% |
| Taxes, remuneration and social security | 45 | €3,516 | €1,431 | -€2,085 | -59.3% |
| Taxes | 450/3 | €3,516 | €1,431 | -€2,085 | -59.3% |
| Other amounts payable | 47/48 | €71,176 | €17,991 | -€53,185 | -74.7% |
| Accrued charges and deferred income | 492/3 | €3,014 | €3,090 | +€76 | +2.5% |
| Non-recurring operating income | 76A | €8,561 | - | -€8,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,470 | €21,470 | = | 0.0% |
| Other operating charges | 640/8 | €5,326 | €4,950 | -€375 | -7.0% |
| Gross operating margin | 9900 | €24,018 | €21,622 | -€2,396 | -10.0% |
| Operating profit (loss) | 9901 | -€2,777 | -€4,798 | -€2,021 | -72.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,581 | €1,147 | -€1,434 | -55.6% |
| Recurring financial charges | 65 | €2,581 | €1,147 | -€1,434 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,355 | -€5,945 | -€590 | -11.0% |
| Income taxes | 67/77 | €34 | - | -€34 | |
| Profit (loss) for the period | 9904 | -€5,389 | -€5,945 | -€555 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,389 | -€5,945 | -€555 | -10.3% |
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 19 October 2026 via checked.be.