FAIRPAK: 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.
FAIRPAK
Largest movements
- Tangible fixed assets -€50,403
down €50,403 (-6.3%), from €799,637 to €749,234
of which Furniture and vehicles: -€46,614
- Receivables within one year -€38,240
down €38,240 (-7.9%), from €485,862 to €447,621
of which Other amounts receivable: -€32,033
- Accrued charges and deferred income -€389,408
no longer reported in 2025 (was €389,408)
- Trade debts +€263,524
up €263,524 (+82.0%), from €321,205 to €584,728
- Advances received +€63,610
new in 2025: €63,610
- Tax, wage and social debts +€22,531
up €22,531 (+73.0%), from €30,862 to €53,393
of which Remuneration and social security: +€12,118
- Debts after one year -€21,146
down €21,146 (-35.6%), from €59,461 to €38,315
- Gross operating margin +€429,048
up €429,048, from -€106,250 to €322,798
- Staff costs +€46,834
up €46,834 (+30.8%), from €152,264 to €199,098
- Depreciation +€10,195
up €10,195 (+13.1%), from €77,878 to €88,073
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 | €1,372,273 | €1,296,549 | -€75,724 | -5.5% |
| Fixed assets | 21/28 | €799,637 | €749,234 | -€50,403 | -6.3% |
| Tangible fixed assets | 22/27 | €799,637 | €749,234 | -€50,403 | -6.3% |
| Land and buildings | 22 | €500,281 | €500,281 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,071 | €13,060 | +€11,988 | +1118.9% |
| Furniture and vehicles | 24 | €174,966 | €128,352 | -€46,614 | -26.6% |
| Leasing and similar rights | 25 | €1,149 | €33 | -€1,117 | -97.2% |
| Other tangible fixed assets | 26 | €122,169 | €107,508 | -€14,661 | -12.0% |
| Current assets | 29/58 | €572,636 | €547,315 | -€25,321 | -4.4% |
| Amounts receivable within one year | 40/41 | €485,862 | €447,621 | -€38,240 | -7.9% |
| Trade receivables | 40 | €314,736 | €308,529 | -€6,208 | -2.0% |
| Other amounts receivable | 41 | €171,125 | €139,093 | -€32,033 | -18.7% |
| Cash at bank and in hand | 54/58 | €82,794 | €93,126 | +€10,332 | +12.5% |
| Deferred charges and accrued income | 490/1 | €3,980 | €6,567 | +€2,587 | +65.0% |
| Total equity and liabilities | 10/49 | €1,372,273 | €1,296,549 | -€75,724 | -5.5% |
| Equity | 10/15 | €457,872 | €440,062 | -€17,810 | -3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €445,472 | €427,662 | -€17,810 | -4.0% |
| Distributable reserves | 133 | €445,472 | €427,662 | -€17,810 | -4.0% |
| Amounts payable | 17/49 | €914,401 | €856,486 | -€57,915 | -6.3% |
| Amounts payable after more than one year | 17 | €59,461 | €38,315 | -€21,146 | -35.6% |
| Financial debts | 170/4 | €59,461 | €38,315 | -€21,146 | -35.6% |
| Amounts payable within one year | 42/48 | €465,532 | €818,171 | +€352,639 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | €19,865 | €22,840 | +€2,975 | +15.0% |
| Trade debts | 44 | €321,205 | €584,728 | +€263,524 | +82.0% |
| Suppliers | 440/4 | €321,205 | €584,728 | +€263,524 | +82.0% |
| Advances received on contracts in progress | 46 | - | €63,610 | +€63,610 | |
| Taxes, remuneration and social security | 45 | €30,862 | €53,393 | +€22,531 | +73.0% |
| Taxes | 450/3 | €11,473 | €21,886 | +€10,413 | +90.8% |
| Remuneration and social security | 454/9 | €19,389 | €31,507 | +€12,118 | +62.5% |
| Other amounts payable | 47/48 | €93,600 | €93,600 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €389,408 | - | -€389,408 | |
| Remuneration, social security and pensions | 62 | €152,264 | €199,098 | +€46,834 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,878 | €88,073 | +€10,195 | +13.1% |
| Other operating charges | 640/8 | €1,961 | €3,512 | +€1,551 | +79.1% |
| Non-recurring operating charges | 66A | - | €43,230 | +€43,230 | |
| Gross operating margin | 9900 | -€106,250 | €322,798 | +€429,048 | |
| Operating profit (loss) | 9901 | -€338,353 | -€11,115 | +€327,238 | +96.7% |
| Financial income | 75/76B | €3,053 | €0 | -€3,053 | -100.0% |
| Recurring financial income | 75 | €3,053 | €0 | -€3,053 | -100.0% |
| Financial charges | 65/66B | €3,864 | €6,695 | +€2,830 | +73.2% |
| Recurring financial charges | 65 | €3,864 | €6,695 | +€2,830 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | -€339,164 | -€17,810 | +€321,355 | +94.7% |
| Income taxes | 67/77 | €510 | €0 | -€510 | -100.0% |
| Profit (loss) for the period | 9904 | -€339,674 | -€17,810 | +€321,864 | +94.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€339,674 | -€17,810 | +€321,864 | +94.8% |
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.