FAIRON: 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.
FAIRON
Largest movements
- Stocks and contracts +€60,291
up €60,291 (+45.9%), from €131,255 to €191,546
- Tangible fixed assets +€54,988
up €54,988 (+186%), from €29,635 to €84,624
of which Furniture and vehicles: +€44,391
- Cash -€45,679
down €45,679 (-98.3%), from €46,468 to €789
mainly Investment in fixed assets (net) (-€74,832) and Stocks and contracts (-€60,291)
- Receivables within one year -€3,189
down €3,189 (-16.2%), from €19,745 to €16,556
- Debts after one year +€37,192
new in 2025: €37,192
- Profit (loss) carried forward +€32,393
up €32,393 (+81.7%), from -€39,641 to -€7,247
- Other debts -€19,877
down €19,877 (-8.8%), from €227,014 to €207,136
- Short-term financial debts +€16,821
new in 2025: €16,821
- Tax, wage and social debts -€10,726
down €10,726 (-82.1%), from €13,066 to €2,340
- Gross operating margin +€56,754
up €56,754 (+3,102%), from €1,830 to €58,584
- Write-downs +€33,000
no longer reported in 2025 (was -€33,000)
- Depreciation +€19,740
up €19,740 (+19,069%), from €104 to €19,844
- Financial charges +€2,449
up €2,449 (+201%), from €1,219 to €3,668
- Financial income +€1,302
up €1,302 (+5,699%), from €23 to €1,325
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.
Derived cash bridge
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 | €229,342 | €296,225 | +€66,883 | +29.2% |
| Fixed assets | 21/28 | €29,635 | €84,624 | +€54,988 | +186% |
| Tangible fixed assets | 22/27 | €29,635 | €84,624 | +€54,988 | +186% |
| Plant, machinery and equipment | 23 | €7,985 | €18,583 | +€10,598 | +133% |
| Furniture and vehicles | 24 | €21,650 | €66,041 | +€44,391 | +205% |
| Current assets | 29/58 | €199,706 | €211,602 | +€11,895 | +6.0% |
| Stocks and contracts in progress | 3 | €131,255 | €191,546 | +€60,291 | +45.9% |
| Stocks | 30/36 | €131,255 | €191,546 | +€60,291 | +45.9% |
| Amounts receivable within one year | 40/41 | €19,745 | €16,556 | -€3,189 | -16.2% |
| Trade receivables | 40 | €19,745 | €16,556 | -€3,189 | -16.2% |
| Cash at bank and in hand | 54/58 | €46,468 | €789 | -€45,679 | -98.3% |
| Deferred charges and accrued income | 490/1 | €2,239 | €2,711 | +€472 | +21.1% |
| Total equity and liabilities | 10/49 | €229,342 | €296,225 | +€66,883 | +29.2% |
| Equity | 10/15 | -€19,479 | €12,915 | +€32,393 | |
| Contributions | 10/11 | €20,162 | €20,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,641 | -€7,247 | +€32,393 | +81.7% |
| Amounts payable | 17/49 | €248,820 | €283,311 | +€34,490 | +13.9% |
| Amounts payable after more than one year | 17 | - | €37,192 | +€37,192 | |
| Financial debts | 170/4 | - | €37,192 | +€37,192 | |
| Amounts payable within one year | 42/48 | €248,663 | €245,254 | -€3,410 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,378 | +€10,378 | |
| Financial debts | 43 | - | €16,821 | +€16,821 | |
| Credit institutions | 430/8 | - | €16,821 | +€16,821 | |
| Trade debts | 44 | €8,583 | €7,925 | -€659 | -7.7% |
| Suppliers | 440/4 | €8,583 | €7,925 | -€659 | -7.7% |
| Advances received on contracts in progress | 46 | - | €653 | +€653 | |
| Taxes, remuneration and social security | 45 | €13,066 | €2,340 | -€10,726 | -82.1% |
| Taxes | 450/3 | €13,066 | €2,340 | -€10,726 | -82.1% |
| Other amounts payable | 47/48 | €227,014 | €207,136 | -€19,877 | -8.8% |
| Accrued charges and deferred income | 492/3 | €157 | €865 | +€708 | +451% |
| Remuneration, social security and pensions | 62 | €2,279 | €2,406 | +€126 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €19,844 | +€19,740 | +19,069% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€33,000 | - | +€33,000 | |
| Other operating charges | 640/8 | €2,324 | €1,492 | -€832 | -35.8% |
| Gross operating margin | 9900 | €1,830 | €58,584 | +€56,754 | +3,102% |
| Operating profit (loss) | 9901 | €30,123 | €34,842 | +€4,720 | +15.7% |
| Financial income | 75/76B | €23 | €1,325 | +€1,302 | +5,699% |
| Recurring financial income | 75 | €23 | €1,325 | +€1,302 | +5,699% |
| Financial charges | 65/66B | €1,219 | €3,668 | +€2,449 | +201% |
| Recurring financial charges | 65 | €1,219 | €3,668 | +€2,449 | +201% |
| Profit (loss) for the period before taxes | 9903 | €28,927 | €32,499 | +€3,573 | +12.4% |
| Income taxes | 67/77 | €174 | €106 | -€68 | -39.2% |
| Profit (loss) for the period | 9904 | €28,752 | €32,393 | +€3,641 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,752 | €32,393 | +€3,641 | +12.7% |
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 13 October 2026 via checked.be.