FAIRTECH: 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.
FAIRTECH
Largest movements
- Cash +€169,907
up €169,907 (+154.0%), from €110,310 to €280,217
mainly Net result for the year (+€144,498) and Trade debts (+€70,778)
- Receivables within one year +€97,527
up €97,527 (+85.0%), from €114,716 to €212,243
of which Trade receivables: +€64,788
- Receivables after one year -€28,634
down €28,634 (-100.0%), from €28,634 to €0
- Tangible fixed assets -€22,295
down €22,295 (-10.6%), from €209,939 to €187,644
- Stocks and contracts -€7,421
down €7,421 (-17.9%), from €41,533 to €34,112
- Reserves +€144,498
up €144,498 (+51.4%), from €281,164 to €425,662
- Trade debts +€70,778
up €70,778 (+371.2%), from €19,067 to €89,844
- Tax, wage and social debts +€23,238
up €23,238 (+109.5%), from €21,223 to €44,462
- Debts after one year -€21,703
down €21,703 (-16.1%), from €134,482 to €112,779
- Gross operating margin -€76,278
down €76,278 (-24.6%), from €309,619 to €233,341
- Write-downs -€15,675
down €15,675 (-100.0%), from €15,675 to €0
- Taxes -€15,283
down €15,283 (-23.6%), from €64,745 to €49,462
- Financial income -€8,658
down €8,658 (-60.9%), from €14,218 to €5,560
- Staff costs +€3,552
up €3,552, from €0 to €3,552
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 | €506,128 | €715,019 | +€208,891 | +41.3% |
| Fixed assets | 21/28 | €210,099 | €187,804 | -€22,295 | -10.6% |
| Tangible fixed assets | 22/27 | €209,939 | €187,644 | -€22,295 | -10.6% |
| Land and buildings | 22 | €181,165 | €170,676 | -€10,488 | -5.8% |
| Plant, machinery and equipment | 23 | €2,899 | €1,928 | -€971 | -33.5% |
| Furniture and vehicles | 24 | €25,876 | €15,040 | -€10,836 | -41.9% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €296,029 | €527,215 | +€231,186 | +78.1% |
| Amounts receivable after more than one year | 29 | €28,634 | €0 | -€28,634 | -100.0% |
| Other amounts receivable | 291 | €28,634 | €0 | -€28,634 | -100.0% |
| Stocks and contracts in progress | 3 | €41,533 | €34,112 | -€7,421 | -17.9% |
| Stocks | 30/36 | €41,533 | €34,112 | -€7,421 | -17.9% |
| Amounts receivable within one year | 40/41 | €114,716 | €212,243 | +€97,527 | +85.0% |
| Trade receivables | 40 | €53,932 | €118,720 | +€64,788 | +120.1% |
| Other amounts receivable | 41 | €60,784 | €93,523 | +€32,739 | +53.9% |
| Cash at bank and in hand | 54/58 | €110,310 | €280,217 | +€169,907 | +154.0% |
| Deferred charges and accrued income | 490/1 | €837 | €643 | -€194 | -23.2% |
| Total equity and liabilities | 10/49 | €506,128 | €715,019 | +€208,891 | +41.3% |
| Equity | 10/15 | €299,764 | €444,262 | +€144,498 | +48.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €281,164 | €425,662 | +€144,498 | +51.4% |
| Distributable reserves | 133 | €281,164 | €425,662 | +€144,498 | +51.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €206,364 | €270,757 | +€64,393 | +31.2% |
| Amounts payable after more than one year | 17 | €134,482 | €112,779 | -€21,703 | -16.1% |
| Financial debts | 170/4 | €134,482 | €112,779 | -€21,703 | -16.1% |
| Amounts payable within one year | 42/48 | €71,882 | €157,978 | +€86,096 | +119.8% |
| Current portion of amounts payable after more than one year | 42 | €23,627 | €21,179 | -€2,448 | -10.4% |
| Trade debts | 44 | €19,067 | €89,844 | +€70,778 | +371.2% |
| Suppliers | 440/4 | €19,067 | €89,844 | +€70,778 | +371.2% |
| Taxes, remuneration and social security | 45 | €21,223 | €44,462 | +€23,238 | +109.5% |
| Taxes | 450/3 | €21,223 | €44,462 | +€23,238 | +109.5% |
| Other amounts payable | 47/48 | €7,965 | €2,492 | -€5,473 | -68.7% |
| Remuneration, social security and pensions | 62 | €0 | €3,552 | +€3,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,853 | €22,295 | +€1,442 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,675 | €0 | -€15,675 | -100.0% |
| Other operating charges | 640/8 | €2,372 | €2,696 | +€324 | +13.7% |
| Non-recurring operating charges | 66A | - | €5,409 | +€5,409 | |
| Gross operating margin | 9900 | €309,619 | €233,341 | -€76,278 | -24.6% |
| Operating profit (loss) | 9901 | €270,719 | €199,389 | -€71,330 | -26.3% |
| Financial income | 75/76B | €14,218 | €5,560 | -€8,658 | -60.9% |
| Recurring financial income | 75 | €14,218 | €5,560 | -€8,658 | -60.9% |
| Financial charges | 65/66B | €11,763 | €10,990 | -€773 | -6.6% |
| Recurring financial charges | 65 | €11,763 | €10,990 | -€773 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €273,174 | €193,960 | -€79,215 | -29.0% |
| Income taxes | 67/77 | €64,745 | €49,462 | -€15,283 | -23.6% |
| Profit (loss) for the period | 9904 | €208,430 | €144,498 | -€63,932 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €208,430 | €144,498 | -€63,932 | -30.7% |
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 9 October 2026 via checked.be.