FAIMINE: 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.
FAIMINE
Largest movements
- Cash -€272,018
down €272,018 (-70.5%), from €385,829 to €113,811
mainly Net result for the year (-€561,839) and Trade debts (-€219,426)
- Tangible fixed assets -€208,029
down €208,029 (-20.3%), from €1.0m to €818,413
of which Land and buildings: -€107,060
- Stocks and contracts -€196,600
down €196,600 (-28.6%), from €686,955 to €490,355
- Receivables within one year -€84,064
down €84,064 (-20.4%), from €412,816 to €328,753
of which Trade receivables: -€178,390
- Profit (loss) carried forward -€561,839
down €561,839, from €498,863 to -€62,976
- Trade debts -€219,426
down €219,426 (-21.5%), from €1.0m to €801,793
- Current portion of long-term debt +€54,009
up €54,009 (+31.2%), from €172,869 to €226,878
- Debts after one year -€40,141
down €40,141 (-8.3%), from €480,818 to €440,677
of which Financial debts: -€40,141
- Turnover -€2.8m
down €2.8m (-23.7%), from €11.8m to €9.0m
- Purchases and services -€2.5m
down €2.5m (-22.3%), from €11.2m to €8.7m
- Gross operating margin -€454,546
down €454,546 (-50.2%), from €905,065 to €450,519
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 | €2,559,588 | €1,797,412 | -€762,177 | -29.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,060,902 | €839,622 | -€221,280 | -20.9% |
| Intangible fixed assets | 21 | €1,332 | €511 | -€821 | -61.6% |
| Tangible fixed assets | 22/27 | €1,026,442 | €818,413 | -€208,029 | -20.3% |
| Land and buildings | 22 | €594,765 | €487,704 | -€107,060 | -18.0% |
| Plant, machinery and equipment | 23 | €324,016 | €231,643 | -€92,374 | -28.5% |
| Furniture and vehicles | 24 | €107,661 | €99,066 | -€8,595 | -8.0% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €33,128 | €20,698 | -€12,430 | -37.5% |
| Current assets | 29/58 | €1,498,686 | €957,790 | -€540,897 | -36.1% |
| Stocks and contracts in progress | 3 | €686,955 | €490,355 | -€196,600 | -28.6% |
| Stocks | 30/36 | €686,955 | €490,355 | -€196,600 | -28.6% |
| Amounts receivable within one year | 40/41 | €412,816 | €328,753 | -€84,064 | -20.4% |
| Trade receivables | 40 | €293,884 | €115,494 | -€178,390 | -60.7% |
| Other amounts receivable | 41 | €118,932 | €213,258 | +€94,327 | +79.3% |
| Cash at bank and in hand | 54/58 | €385,829 | €113,811 | -€272,018 | -70.5% |
| Deferred charges and accrued income | 490/1 | €13,086 | €24,871 | +€11,785 | +90.1% |
| Total equity and liabilities | 10/49 | €2,559,588 | €1,797,412 | -€762,177 | -29.8% |
| Equity | 10/15 | €608,863 | €47,024 | -€561,839 | -92.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €498,863 | -€62,976 | -€561,839 | |
| Amounts payable | 17/49 | €1,950,725 | €1,750,387 | -€200,338 | -10.3% |
| Amounts payable after more than one year | 17 | €480,818 | €440,677 | -€40,141 | -8.3% |
| Financial debts | 170/4 | €477,018 | €436,877 | -€40,141 | -8.4% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,469,907 | €1,309,130 | -€160,777 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €172,869 | €226,878 | +€54,009 | +31.2% |
| Trade debts | 44 | €1,021,219 | €801,793 | -€219,426 | -21.5% |
| Suppliers | 440/4 | €1,021,219 | €801,793 | -€219,426 | -21.5% |
| Taxes, remuneration and social security | 45 | €63,820 | €70,460 | +€6,640 | +10.4% |
| Taxes | 450/3 | - | €0 | = | |
| Remuneration and social security | 454/9 | €63,820 | €70,460 | +€6,640 | +10.4% |
| Other amounts payable | 47/48 | €212,000 | €210,000 | -€2,000 | -0.9% |
| Accrued charges and deferred income | 492/3 | - | €580 | +€580 | |
| Turnover | 70 | €11,771,364 | €8,985,134 | -€2.8m | -23.7% |
| Non-recurring operating income | 76A | €4,414 | €31,143 | +€26,729 | +605.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,243,151 | €8,730,811 | -€2.5m | -22.3% |
| Remuneration, social security and pensions | 62 | €606,000 | €661,201 | +€55,201 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255,978 | €261,576 | +€5,598 | +2.2% |
| Other operating charges | 640/8 | €52,667 | €40,860 | -€11,807 | -22.4% |
| Non-recurring operating charges | 66A | €3,552 | - | -€3,552 | |
| Gross operating margin | 9900 | €905,065 | €450,519 | -€454,546 | -50.2% |
| Operating profit (loss) | 9901 | -€13,132 | -€513,118 | -€499,986 | -3807.4% |
| Financial income | 75/76B | €3,394 | €7,380 | +€3,986 | +117.4% |
| Recurring financial income | 75 | €3,394 | €7,380 | +€3,986 | +117.4% |
| Financial charges | 65/66B | €76,533 | €56,101 | -€20,433 | -26.7% |
| Recurring financial charges | 65 | €57,176 | €51,856 | -€5,320 | -9.3% |
| Non-recurring financial charges | 66B | €19,357 | €4,244 | -€15,113 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | -€86,272 | -€561,839 | -€475,567 | -551.2% |
| Income taxes | 67/77 | €8,320 | €0 | -€8,320 | -100.0% |
| Profit (loss) for the period | 9904 | -€94,591 | -€561,839 | -€467,247 | -494.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€94,591 | -€561,839 | -€467,247 | -494.0% |
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 11 October 2026 via checked.be.