FAIRWISE: 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.
FAIRWISE
Largest movements
- Cash +€78,877
up €78,877 (+57.3%), from €137,695 to €216,572
mainly Trade debts (+€61,500) and Net result for the year (+€32,358)
- Receivables within one year -€16,996
down €16,996 (-14.6%), from €116,309 to €99,312
of which Trade receivables: -€18,140
- Intangible fixed assets +€15,369
new in 2025: €15,369
- Trade debts +€61,500
up €61,500 (+1145.1%), from €5,371 to €66,871
- Profit (loss) carried forward +€32,358
up €32,358 (+19.0%), from €170,558 to €202,916
- Tax, wage and social debts -€18,621
down €18,621 (-38.5%), from €48,403 to €29,782
of which Remuneration and social security: -€12,671
- Gross operating margin -€32,888
down €32,888 (-12.8%), from €256,902 to €224,014
- Taxes -€11,253
down €11,253 (-48.4%), from €23,273 to €12,020
- Staff costs +€7,442
up €7,442 (+4.4%), from €168,713 to €176,156
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 | €263,592 | €338,859 | +€75,267 | +28.6% |
| Fixed assets | 21/28 | €7,448 | €20,802 | +€13,355 | +179.3% |
| Intangible fixed assets | 21 | - | €15,369 | +€15,369 | |
| Tangible fixed assets | 22/27 | €5,186 | €3,141 | -€2,044 | -39.4% |
| Furniture and vehicles | 24 | €5,186 | €3,141 | -€2,044 | -39.4% |
| Financial fixed assets | 28 | €2,262 | €2,292 | +€30 | +1.3% |
| Current assets | 29/58 | €256,144 | €318,056 | +€61,912 | +24.2% |
| Amounts receivable within one year | 40/41 | €116,309 | €99,312 | -€16,996 | -14.6% |
| Trade receivables | 40 | €75,859 | €57,719 | -€18,140 | -23.9% |
| Other amounts receivable | 41 | €40,450 | €41,594 | +€1,144 | +2.8% |
| Cash at bank and in hand | 54/58 | €137,695 | €216,572 | +€78,877 | +57.3% |
| Deferred charges and accrued income | 490/1 | €2,141 | €2,172 | +€31 | +1.5% |
| Total equity and liabilities | 10/49 | €263,592 | €338,859 | +€75,267 | +28.6% |
| Equity | 10/15 | €209,818 | €242,176 | +€32,358 | +15.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Distributable reserves | 133 | €26,860 | €26,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,558 | €202,916 | +€32,358 | +19.0% |
| Amounts payable | 17/49 | €53,774 | €96,682 | +€42,908 | +79.8% |
| Amounts payable within one year | 42/48 | €53,774 | €96,682 | +€42,908 | +79.8% |
| Trade debts | 44 | €5,371 | €66,871 | +€61,500 | +1145.1% |
| Suppliers | 440/4 | €5,371 | €66,871 | +€61,500 | +1145.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €48,403 | €29,782 | -€18,621 | -38.5% |
| Taxes | 450/3 | €12,296 | €6,346 | -€5,950 | -48.4% |
| Remuneration and social security | 454/9 | €36,107 | €23,436 | -€12,671 | -35.1% |
| Other amounts payable | 47/48 | - | €30 | +€30 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €168,713 | €176,156 | +€7,442 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €698 | €2,653 | +€1,955 | +280.3% |
| Other operating charges | 640/8 | €613 | €632 | +€19 | +3.0% |
| Gross operating margin | 9900 | €256,902 | €224,014 | -€32,888 | -12.8% |
| Operating profit (loss) | 9901 | €86,878 | €44,575 | -€42,304 | -48.7% |
| Financial income | 75/76B | €4 | €59 | +€55 | +1362.8% |
| Recurring financial income | 75 | €4 | €59 | +€55 | +1362.8% |
| Financial charges | 65/66B | €180 | €255 | +€75 | +41.4% |
| Recurring financial charges | 65 | €180 | €255 | +€75 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €86,702 | €44,378 | -€42,324 | -48.8% |
| Income taxes | 67/77 | €23,273 | €12,020 | -€11,253 | -48.4% |
| Profit (loss) for the period | 9904 | €63,429 | €32,358 | -€31,070 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,429 | €32,358 | -€31,070 | -49.0% |
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 29 September 2026 via checked.be.