FairFin: 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.
FairFin
Largest movements
- Receivables within one year -€43,186
down €43,186 (-58.5%), from €73,811 to €30,625
of which Other amounts receivable: -€43,153
- Deferred charges and accrued income +€25,302
up €25,302 (+218.5%), from €11,581 to €36,883
- Cash -€17,120
down €17,120 (-7.3%), from €234,784 to €217,665
mainly Accrued charges and deferred income (-€35,797) and Deferred charges and accrued income (-€25,302)
- Financial fixed assets -€12,500
no longer reported in 2023 (was €12,500)
- Accrued charges and deferred income -€35,797
no longer reported in 2023 (was €35,797)
- Profit (loss) carried forward -€21,243
down €21,243 (-173.3%), from -€12,255 to -€33,499
- Debts within one year +€8,001
up €8,001 (+16.1%), from €49,602 to €57,602
of which Trade debts: +€11,307
- Gross operating margin -€96,867
down €96,867 (-22.3%), from €435,199 to €338,332
- Staff costs -€85,869
down €85,869 (-19.7%), from €434,998 to €349,129
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €351,658 | €302,619 | -€49,039 | -13.9% |
| Fixed assets | 21/28 | €29,003 | €14,967 | -€14,035 | -48.4% |
| Intangible fixed assets | 21 | €8,074 | €9,154 | +€1,080 | +13.4% |
| Tangible fixed assets | 22/27 | €8,428 | €5,813 | -€2,615 | -31.0% |
| Plant, machinery and equipment | 23 | €2,128 | €300 | -€1,828 | -85.9% |
| Furniture and vehicles | 24 | €6,300 | €5,513 | -€788 | -12.5% |
| Financial fixed assets | 28 | €12,500 | - | -€12,500 | |
| Current assets | 29/58 | €322,655 | €287,651 | -€35,004 | -10.8% |
| Amounts receivable after more than one year | 29 | €2,479 | €2,479 | = | 0.0% |
| Other amounts receivable | 291 | €2,479 | €2,479 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €73,811 | €30,625 | -€43,186 | -58.5% |
| Trade receivables | 40 | €883 | €850 | -€33 | -3.8% |
| Other amounts receivable | 41 | €72,928 | €29,775 | -€43,153 | -59.2% |
| Cash at bank and in hand | 54/58 | €234,784 | €217,665 | -€17,120 | -7.3% |
| Deferred charges and accrued income | 490/1 | €11,581 | €36,883 | +€25,302 | +218.5% |
| Total equity and liabilities | 10/49 | €351,658 | €302,619 | -€49,039 | -13.9% |
| Equity | 10/15 | €266,260 | €245,016 | -€21,243 | -8.0% |
| Reserves | 13 | €278,515 | €278,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,255 | -€33,499 | -€21,243 | -173.3% |
| Amounts payable | 17/49 | €85,398 | €57,602 | -€27,796 | -32.5% |
| Amounts payable within one year | 42/48 | €49,602 | €57,602 | +€8,001 | +16.1% |
| Trade debts | 44 | €5,106 | €16,413 | +€11,307 | +221.4% |
| Suppliers | 440/4 | €5,106 | €16,413 | +€11,307 | +221.4% |
| Taxes, remuneration and social security | 45 | €38,549 | €35,243 | -€3,307 | -8.6% |
| Taxes | 450/3 | €1,395 | €159 | -€1,236 | -88.6% |
| Remuneration and social security | 454/9 | €37,155 | €35,084 | -€2,071 | -5.6% |
| Accrued charges and deferred income | 492/3 | €35,797 | - | -€35,797 | |
| Non-recurring operating income | 76A | - | €22,316 | +€22,316 | |
| Remuneration, social security and pensions | 62 | €434,998 | €349,129 | -€85,869 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,894 | €9,872 | +€978 | +11.0% |
| Other operating charges | 640/8 | €162 | €175 | +€12 | +7.6% |
| Non-recurring operating charges | 66A | €1,481 | €0 | -€1,481 | -100.0% |
| Gross operating margin | 9900 | €435,199 | €338,332 | -€96,867 | -22.3% |
| Operating profit (loss) | 9901 | -€10,337 | -€20,844 | -€10,507 | -101.6% |
| Financial income | 75/76B | €19 | €200 | +€181 | +956.9% |
| Recurring financial income | 75 | €19 | €200 | +€181 | +956.9% |
| Financial charges | 65/66B | €701 | €599 | -€102 | -14.5% |
| Recurring financial charges | 65 | €701 | €599 | -€102 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,019 | -€21,243 | -€10,224 | -92.8% |
| Profit (loss) for the period | 9904 | -€11,019 | -€21,243 | -€10,224 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,019 | -€21,243 | -€10,224 | -92.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.