FairOils: 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.
What changed
FairOils
NACE 10.410, Manufacture of food products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€920,094
2024 · -€247,708-€672,386
Equity
€1.0m
2024 · €2.0m-€928,192
Cash
€153,900
2024 · €248,800-€94,900
Balance sheet total
€6.5m
2024 · €8.2m-€1.7m
Largest movements
Assets
- Receivables within one year -€1.6m
down €1.6m (-54.8%), from €2.9m to €1.3m
of which Trade receivables: -€1.5m
- Cash -€94,900
down €94,900 (-38.1%), from €248,800 to €153,900
mainly Net result for the year (-€920,094) and Debts after one year (-€700,969)
Equity and liabilities
- Profit (loss) carried forward -€920,094
down €920,094 (-53.9%), from €1.7m to €786,070
- Debts after one year -€700,969
down €700,969 (-33.2%), from €2.1m to €1.4m
- Trade debts -€320,885
down €320,885 (-13.4%), from €2.4m to €2.1m
- Short-term financial debts +€259,967
up €259,967 (+15.8%), from €1.6m to €1.9m
Income statement
- Turnover -€2.4m
down €2.4m (-31.6%), from €7.6m to €5.2m
- Goods and materials -€1.4m
down €1.4m (-24.3%), from €5.6m to €4.2m
of which Purchases: -€1.6m
- Staff costs -€157,848
down €157,848 (-19.6%), from €806,903 to €649,055
- Services and other goods -€122,951
down €122,951 (-10.7%), from €1.1m to €1.0m
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.
Result 2024
-€247,708
Turnover
-€2.4m
Other operating income
-€32,799
Goods and materials
+€1.4m
Services and other goods
+€122,951
Staff costs
+€157,848
Depreciation
+€17,375
Other operating charges
-€525
Other operating items
+€1,570
Financial income
+€33,746
Financial charges
+€62,619
Taxes
-€51
Result 2025
-€920,094
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.
From operations
+€387,122
Investment
-€32,921
Financing
-€449,101
Cash 2024
€248,800
From operations (derived)
+€387,122
Net result for the year
-€920,094
Depreciation
+€103,122
Stocks and contracts
-€49,725
Receivables within one year
+€1.6m
Deferred charges and accrued income
+€11,965
Trade debts
-€320,885
Smaller working-capital items
+€891
Investment (derived)
-€32,921
Investment in fixed assets (net)
-€32,921
Financing
-€449,101
Debts after one year
-€700,969
Short-term financial debts
+€259,967
Contributions, distributions and other
-€8,098
Cash 2025
€153,900
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,215,494 | €6,526,306 | -€1.7m | -20.6% |
| Fixed assets | 21/28 | €2,033,948 | €1,963,747 | -€70,201 | -3.5% |
| Tangible fixed assets | 22/27 | €2,025,113 | €1,954,912 | -€70,201 | -3.5% |
| Land and buildings | 22 | €1,956,986 | €1,937,231 | -€19,755 | -1.0% |
| Plant, machinery and equipment | 23 | €65,673 | €17,544 | -€48,129 | -73.3% |
| Furniture and vehicles | 24 | €2,454 | €137 | -€2,317 | -94.4% |
| Financial fixed assets | 28 | €8,835 | €8,835 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,835 | €8,835 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €8,835 | €8,835 | = | 0.0% |
| Current assets | 29/58 | €6,181,546 | €4,562,559 | -€1.6m | -26.2% |
| Stocks and contracts in progress | 3 | €3,038,983 | €3,088,709 | +€49,725 | +1.6% |
| Stocks | 30/36 | €3,038,983 | €3,088,709 | +€49,725 | +1.6% |
| Goods purchased for resale | 34 | €3,038,983 | €3,088,709 | +€49,725 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,850,642 | €1,288,794 | -€1.6m | -54.8% |
| Trade receivables | 40 | €2,836,866 | €1,288,794 | -€1.5m | -54.6% |
| Other amounts receivable | 41 | €13,775 | - | -€13,775 | |
| Cash at bank and in hand | 54/58 | €248,800 | €153,900 | -€94,900 | -38.1% |
| Deferred charges and accrued income | 490/1 | €43,121 | €31,156 | -€11,965 | -27.7% |
| Total equity and liabilities | 10/49 | €8,215,494 | €6,526,306 | -€1.7m | -20.6% |
| Equity | 10/15 | €1,976,473 | €1,048,281 | -€928,192 | -47.0% |
| Contributions | 10/11 | €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% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,706,163 | €786,070 | -€920,094 | -53.9% |
| Investment grants | 15 | €160,310 | €152,211 | -€8,098 | -5.1% |
| Amounts payable | 17/49 | €6,239,021 | €5,478,025 | -€760,996 | -12.2% |
| Amounts payable after more than one year | 17 | €2,109,866 | €1,408,898 | -€700,969 | -33.2% |
| Financial debts | 170/4 | €2,109,866 | €1,408,898 | -€700,969 | -33.2% |
| Other loans | 174 | €2,109,866 | €1,408,898 | -€700,969 | -33.2% |
| Amounts payable within one year | 42/48 | €4,111,712 | €4,048,806 | -€62,906 | -1.5% |
| Financial debts | 43 | €1,641,593 | €1,901,559 | +€259,967 | +15.8% |
| Credit institutions | 430/8 | €1,641,593 | €1,901,559 | +€259,967 | +15.8% |
| Trade debts | 44 | €2,399,081 | €2,078,196 | -€320,885 | -13.4% |
| Suppliers | 440/4 | €2,399,081 | €2,078,196 | -€320,885 | -13.4% |
| Taxes, remuneration and social security | 45 | €71,038 | €69,051 | -€1,987 | -2.8% |
| Taxes | 450/3 | €4,384 | €5,557 | +€1,173 | +26.8% |
| Remuneration and social security | 454/9 | €66,654 | €63,494 | -€3,160 | -4.7% |
| Accrued charges and deferred income | 492/3 | €17,443 | €20,321 | +€2,878 | +16.5% |
| Operating income | 70/76A | €7,643,983 | €5,215,156 | -€2.4m | -31.8% |
| Turnover | 70 | €7,582,770 | €5,186,742 | -€2.4m | -31.6% |
| Other operating income | 74 | €61,213 | €28,414 | -€32,799 | -53.6% |
| Operating charges | 60/66A | €7,681,285 | €6,021,158 | -€1.7m | -21.6% |
| Goods for resale, raw materials and consumables | 60 | €5,603,471 | €4,242,564 | -€1.4m | -24.3% |
| Purchases | 600/8 | €5,858,749 | €4,292,290 | -€1.6m | -26.7% |
| Change in stocks: decrease (increase) | 609 | -€255,278 | -€49,725 | +€205,553 | +80.5% |
| Services and other goods | 61 | €1,146,867 | €1,023,915 | -€122,951 | -10.7% |
| Remuneration, social security and pensions | 62 | €806,903 | €649,055 | -€157,848 | -19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,498 | €103,122 | -€17,375 | -14.4% |
| Other operating charges | 640/8 | €1,976 | €2,501 | +€525 | +26.5% |
| Non-recurring operating charges | 66A | €1,570 | - | -€1,570 | |
| Operating profit (loss) | 9901 | -€37,302 | -€806,002 | -€768,700 | -2060.7% |
| Financial income | 75/76B | €15,024 | €48,770 | +€33,746 | +224.6% |
| Recurring financial income | 75 | €15,024 | €48,770 | +€33,746 | +224.6% |
| Other financial income | 752/9 | €15,024 | €48,770 | +€33,746 | +224.6% |
| Financial charges | 65/66B | €224,121 | €161,501 | -€62,619 | -27.9% |
| Recurring financial charges | 65 | €224,121 | €161,501 | -€62,619 | -27.9% |
| Other financial charges | 652/9 | €224,121 | €161,501 | -€62,619 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€246,399 | -€918,734 | -€672,335 | -272.9% |
| Income taxes | 67/77 | €1,309 | €1,360 | +€51 | +3.9% |
| Taxes | 670/3 | €1,309 | €1,360 | +€51 | +3.9% |
| Profit (loss) for the period | 9904 | -€247,708 | -€920,094 | -€672,386 | -271.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€247,708 | -€920,094 | -€672,386 | -271.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.