FAIRE 9: 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.
FAIRE 9
Largest movements
- Receivables within one year +€10,691
up €10,691 (+21.4%), from €49,960 to €60,651
of which Trade receivables: +€8,054
- Cash -€10,068
down €10,068 (-82.3%), from €12,240 to €2,172
mainly Tax, wage and social debts (-€13,958) and Receivables within one year (-€10,691)
- Tax, wage and social debts -€13,958
down €13,958 (-58.6%), from €23,818 to €9,860
of which Taxes: -€12,375
- Advances received +€13,020
up €13,020, from €0 to €13,020
- Profit (loss) carried forward +€6,982
up €6,982 (+6.6%), from €105,478 to €112,461
- Current portion of long-term debt -€6,740
down €6,740 (-100.0%), from €6,740 to €0
- Gross operating margin -€67,170
down €67,170 (-81.5%), from €82,396 to €15,227
- Taxes -€5,395
down €5,395 (-51.1%), from €10,555 to €5,159
- Financial charges -€1,170
down €1,170 (-53.9%), from €2,169 to €999
- Other operating charges +€943
up €943 (+98.8%), from €955 to €1,898
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 | €144,996 | €145,750 | +€754 | +0.5% |
| Fixed assets | 21/28 | €82,700 | €82,118 | -€582 | -0.7% |
| Tangible fixed assets | 22/27 | €2,800 | €2,218 | -€582 | -20.8% |
| Furniture and vehicles | 24 | €2,800 | €2,218 | -€582 | -20.8% |
| Financial fixed assets | 28 | €79,900 | €79,900 | = | 0.0% |
| Current assets | 29/58 | €62,296 | €63,632 | +€1,336 | +2.1% |
| Amounts receivable within one year | 40/41 | €49,960 | €60,651 | +€10,691 | +21.4% |
| Trade receivables | 40 | €546 | €8,600 | +€8,054 | +1475.3% |
| Other amounts receivable | 41 | €49,414 | €52,051 | +€2,637 | +5.3% |
| Cash at bank and in hand | 54/58 | €12,240 | €2,172 | -€10,068 | -82.3% |
| Deferred charges and accrued income | 490/1 | €97 | €810 | +€713 | +736.6% |
| Total equity and liabilities | 10/49 | €144,996 | €145,750 | +€754 | +0.5% |
| Equity | 10/15 | €113,538 | €120,521 | +€6,982 | +6.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,478 | €112,461 | +€6,982 | +6.6% |
| Amounts payable | 17/49 | €31,458 | €25,230 | -€6,228 | -19.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €31,458 | €25,230 | -€6,228 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €6,740 | €0 | -€6,740 | -100.0% |
| Trade debts | 44 | €900 | €2,350 | +€1,450 | +161.2% |
| Suppliers | 440/4 | €900 | €2,350 | +€1,450 | +161.2% |
| Advances received on contracts in progress | 46 | €0 | €13,020 | +€13,020 | |
| Taxes, remuneration and social security | 45 | €23,818 | €9,860 | -€13,958 | -58.6% |
| Taxes | 450/3 | €22,235 | €9,860 | -€12,375 | -55.7% |
| Remuneration and social security | 454/9 | €1,583 | €0 | -€1,583 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €19,835 | €0 | -€19,835 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,235 | €1,366 | +€131 | +10.6% |
| Other operating charges | 640/8 | €955 | €1,898 | +€943 | +98.8% |
| Non-recurring operating charges | 66A | €42,102 | €0 | -€42,102 | -100.0% |
| Gross operating margin | 9900 | €82,396 | €15,227 | -€67,170 | -81.5% |
| Operating profit (loss) | 9901 | €38,104 | €11,962 | -€26,142 | -68.6% |
| Financial income | 75/76B | €935 | €1,179 | +€244 | +26.1% |
| Recurring financial income | 75 | €935 | €1,179 | +€244 | +26.1% |
| Financial charges | 65/66B | €2,169 | €999 | -€1,170 | -53.9% |
| Recurring financial charges | 65 | €2,169 | €999 | -€1,170 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €36,870 | €12,142 | -€24,728 | -67.1% |
| Income taxes | 67/77 | €10,555 | €5,159 | -€5,395 | -51.1% |
| Profit (loss) for the period | 9904 | €26,315 | €6,982 | -€19,333 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,315 | €6,982 | -€19,333 | -73.5% |
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 12 October 2026 via checked.be.