FAIVE: 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.
FAIVE
Largest movements
- Receivables after one year -€128,200
down €128,200 (-33.6%), from €381,500 to €253,300
- Cash +€109,384
up €109,384 (+984.7%), from €11,108 to €120,492
mainly Receivables after one year (+€128,200) and Other debts (+€18,505)
- Financial fixed assets +€10,500
up €10,500 (+8.2%), from €128,000 to €138,500
- Tangible fixed assets -€6,469
down €6,469 (-34.7%), from €18,640 to €12,171
of which Furniture and vehicles: -€5,347
- Profit (loss) carried forward -€34,372
down €34,372 (-20.6%), from €167,145 to €132,774
- Other debts +€18,505
up €18,505 (+7.5%), from €246,900 to €265,406
- Gross operating margin -€11,210
down €11,210 (-53.4%), from -€20,997 to -€32,207
- Depreciation -€8,597
down €8,597 (-57.1%), from €15,066 to €6,469
- Financial income +€4,203
up €4,203 (+391.9%), from €1,073 to €5,275
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 | €544,150 | €530,215 | -€13,935 | -2.6% |
| Fixed assets | 21/28 | €146,640 | €150,671 | +€4,031 | +2.7% |
| Tangible fixed assets | 22/27 | €18,640 | €12,171 | -€6,469 | -34.7% |
| Plant, machinery and equipment | 23 | €1,793 | €671 | -€1,122 | -62.6% |
| Furniture and vehicles | 24 | €5,347 | €0 | -€5,347 | -100.0% |
| Other tangible fixed assets | 26 | €11,500 | €11,500 | = | 0.0% |
| Financial fixed assets | 28 | €128,000 | €138,500 | +€10,500 | +8.2% |
| Current assets | 29/58 | €397,510 | €379,544 | -€17,966 | -4.5% |
| Amounts receivable after more than one year | 29 | €381,500 | €253,300 | -€128,200 | -33.6% |
| Trade receivables | 290 | €381,500 | €253,300 | -€128,200 | -33.6% |
| Amounts receivable within one year | 40/41 | €3,724 | €3,724 | = | 0.0% |
| Trade receivables | 40 | €3,724 | €3,724 | = | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,108 | €120,492 | +€109,384 | +984.7% |
| Deferred charges and accrued income | 490/1 | €1,178 | €2,028 | +€850 | +72.2% |
| Total equity and liabilities | 10/49 | €544,150 | €530,215 | -€13,935 | -2.6% |
| Equity | 10/15 | €293,145 | €258,774 | -€34,372 | -11.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €106,000 | €106,000 | = | 0.0% |
| Distributable reserves | 133 | €106,000 | €106,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,145 | €132,774 | -€34,372 | -20.6% |
| Amounts payable | 17/49 | €251,004 | €271,441 | +€20,437 | +8.1% |
| Amounts payable within one year | 42/48 | €251,004 | €271,441 | +€20,437 | +8.1% |
| Trade debts | 44 | €1,959 | €3,048 | +€1,089 | +55.6% |
| Suppliers | 440/4 | €1,959 | €3,048 | +€1,089 | +55.6% |
| Taxes, remuneration and social security | 45 | €2,145 | €2,987 | +€843 | +39.3% |
| Taxes | 450/3 | €2,145 | €2,987 | +€843 | +39.3% |
| Other amounts payable | 47/48 | €246,900 | €265,406 | +€18,505 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,066 | €6,469 | -€8,597 | -57.1% |
| Other operating charges | 640/8 | €684 | €572 | -€112 | -16.4% |
| Gross operating margin | 9900 | -€20,997 | -€32,207 | -€11,210 | -53.4% |
| Operating profit (loss) | 9901 | -€36,748 | -€39,249 | -€2,501 | -6.8% |
| Financial income | 75/76B | €1,073 | €5,275 | +€4,203 | +391.9% |
| Recurring financial income | 75 | €1,073 | €5,275 | +€4,203 | +391.9% |
| Financial charges | 65/66B | €111 | €136 | +€25 | +22.5% |
| Recurring financial charges | 65 | €111 | €136 | +€25 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,787 | -€34,109 | +€1,677 | +4.7% |
| Income taxes | 67/77 | €210 | €262 | +€52 | +24.8% |
| Profit (loss) for the period | 9904 | -€35,997 | -€34,372 | +€1,625 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,997 | -€34,372 | +€1,625 | +4.5% |
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 10 October 2026 via checked.be.