FAIRAMA: 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.
FAIRAMA
Largest movements
- Cash +€332,548
up €332,548 (+671.2%), from €49,544 to €382,092
mainly Trade debts (+€448,131) and Other debts (+€109,220)
- Receivables within one year +€104,661
up €104,661 (+213.8%), from €48,945 to €153,606
of which Other amounts receivable: +€64,374
- Tangible fixed assets +€21,680
up €21,680 (+188.3%), from €11,515 to €33,195
of which Furniture and vehicles: +€20,125
- Trade debts +€448,131
up €448,131 (+168.4%), from €266,091 to €714,223
- Other debts +€109,220
up €109,220 (+34.9%), from €312,819 to €422,039
- Profit (loss) carried forward -€86,483
down €86,483 (-66.3%), from -€130,388 to -€216,872
- Tax, wage and social debts -€28,689
down €28,689 (-30.6%), from €93,723 to €65,034
of which Remuneration and social security: -€16,944
- Turnover +€2.5m
new in 2025: €2.5m
- Goods and materials +€1.5m
new in 2025: €1.5m
of which Purchases: +€1.5m
- Services and other goods +€544,130
new in 2025: €544,130
- Gross operating margin -€499,968
no longer reported in 2025 (was €499,968)
- Staff costs -€82,106
down €82,106 (-14.5%), from €565,937 to €483,830
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 | €971,250 | €1,414,753 | +€443,503 | +45.7% |
| Fixed assets | 21/28 | €40,836 | €52,883 | +€12,047 | +29.5% |
| Intangible fixed assets | 21 | €29,321 | €19,688 | -€9,633 | -32.9% |
| Tangible fixed assets | 22/27 | €11,515 | €33,195 | +€21,680 | +188.3% |
| Plant, machinery and equipment | 23 | €357 | €1,913 | +€1,555 | +435.0% |
| Furniture and vehicles | 24 | €11,157 | €31,282 | +€20,125 | +180.4% |
| Current assets | 29/58 | €930,414 | €1,361,870 | +€431,456 | +46.4% |
| Stocks and contracts in progress | 3 | €816,280 | €806,347 | -€9,933 | -1.2% |
| Stocks | 30/36 | €816,280 | €806,347 | -€9,933 | -1.2% |
| Goods purchased for resale | 34 | - | €806,347 | +€806,347 | |
| Amounts receivable within one year | 40/41 | €48,945 | €153,606 | +€104,661 | +213.8% |
| Trade receivables | 40 | €35,540 | €75,826 | +€40,287 | +113.4% |
| Other amounts receivable | 41 | €13,405 | €77,780 | +€64,374 | +480.2% |
| Cash at bank and in hand | 54/58 | €49,544 | €382,092 | +€332,548 | +671.2% |
| Deferred charges and accrued income | 490/1 | €15,645 | €19,826 | +€4,180 | +26.7% |
| Total equity and liabilities | 10/49 | €971,250 | €1,414,753 | +€443,503 | +45.7% |
| Equity | 10/15 | €289,261 | €202,777 | -€86,483 | -29.9% |
| Contributions | 10/11 | €371,840 | €371,840 | = | 0.0% |
| Capital | 10 | €371,840 | €371,840 | = | 0.0% |
| Issued capital | 100 | €371,840 | €371,840 | = | 0.0% |
| Reserves | 13 | €47,809 | €47,809 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Distributable reserves | 133 | €10,625 | €10,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,388 | -€216,872 | -€86,483 | -66.3% |
| Amounts payable | 17/49 | €681,989 | €1,211,976 | +€529,986 | +77.7% |
| Amounts payable within one year | 42/48 | €681,989 | €1,205,696 | +€523,706 | +76.8% |
| Trade debts | 44 | €266,091 | €714,223 | +€448,131 | +168.4% |
| Suppliers | 440/4 | €266,091 | €714,223 | +€448,131 | +168.4% |
| Advances received on contracts in progress | 46 | €9,356 | €4,400 | -€4,957 | -53.0% |
| Taxes, remuneration and social security | 45 | €93,723 | €65,034 | -€28,689 | -30.6% |
| Taxes | 450/3 | €22,289 | €10,544 | -€11,745 | -52.7% |
| Remuneration and social security | 454/9 | €71,434 | €54,490 | -€16,944 | -23.7% |
| Other amounts payable | 47/48 | €312,819 | €422,039 | +€109,220 | +34.9% |
| Accrued charges and deferred income | 492/3 | - | €6,280 | +€6,280 | |
| Operating income | 70/76A | - | €2,540,416 | +€2.5m | |
| Turnover | 70 | - | €2,477,241 | +€2.5m | |
| Other operating income | 74 | - | €63,175 | +€63,175 | |
| Operating charges | 60/66A | - | €2,623,814 | +€2.6m | |
| Goods for resale, raw materials and consumables | 60 | - | €1,542,369 | +€1.5m | |
| Purchases | 600/8 | - | €1,519,636 | +€1.5m | |
| Change in stocks: decrease (increase) | 609 | - | €22,733 | +€22,733 | |
| Services and other goods | 61 | - | €544,130 | +€544,130 | |
| Remuneration, social security and pensions | 62 | €565,937 | €483,830 | -€82,106 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,649 | €21,673 | -€976 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,428 | -€12,800 | -€39,228 | |
| Other operating charges | 640/8 | €3,166 | €44,612 | +€41,445 | +1309.0% |
| Gross operating margin | 9900 | €499,968 | - | -€499,968 | |
| Operating profit (loss) | 9901 | -€118,212 | -€83,398 | +€34,814 | +29.5% |
| Financial income | 75/76B | €7,896 | €16,899 | +€9,003 | +114.0% |
| Recurring financial income | 75 | €7,896 | €16,899 | +€9,003 | +114.0% |
| Income from current assets | 751 | - | €32 | +€32 | |
| Other financial income | 752/9 | - | €16,867 | +€16,867 | |
| Financial charges | 65/66B | €19,578 | €19,490 | -€88 | -0.4% |
| Recurring financial charges | 65 | €19,578 | €19,490 | -€88 | -0.4% |
| Debt charges | 650 | - | €10,003 | +€10,003 | |
| Other financial charges | 652/9 | - | €9,487 | +€9,487 | |
| Profit (loss) for the period before taxes | 9903 | -€129,894 | -€85,989 | +€43,906 | +33.8% |
| Income taxes | 67/77 | €494 | €495 | +€1 | +0.2% |
| Taxes | 670/3 | - | €495 | +€495 | |
| Profit (loss) for the period | 9904 | -€130,388 | -€86,483 | +€43,905 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,388 | -€86,483 | +€43,905 | +33.7% |
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.