FAIZ A23: 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.
FAIZ A23
Largest movements
- Stocks and contracts +€62,060
up €62,060 (+236.7%), from €26,215 to €88,275
- Cash -€22,421
down €22,421 (-42.2%), from €53,081 to €30,660
mainly Stocks and contracts (-€62,060) and Investment in fixed assets (net) (-€27,723)
- Receivables within one year +€20,336
up €20,336 (+419.6%), from €4,847 to €25,183
of which Trade receivables: +€20,619
- Tangible fixed assets +€16,741
up €16,741 (+63.5%), from €26,351 to €43,092
of which Furniture and vehicles: +€12,154
- Financial fixed assets +€2,500
up €2,500 (+104.2%), from €2,400 to €4,900
- Reserves +€79,965
new in 2025: €79,965
- Tax, wage and social debts +€33,155
up €33,155 (+353.7%), from €9,375 to €42,530
of which Taxes: +€27,736
- Other debts -€15,012
down €15,012 (-20.6%), from €72,882 to €57,870
- Profit (loss) carried forward -€14,904
down €14,904 (-100.0%), from €14,904 to €0
- Trade debts -€5,733
down €5,733 (-100.0%), from €5,733 to €0
- Gross operating margin +€89,238
up €89,238 (+302.6%), from €29,491 to €118,728
- Staff costs +€20,171
new in 2025: €20,171
- Taxes +€17,264
up €17,264 (+279.8%), from €6,171 to €23,435
- Depreciation +€7,097
up €7,097 (+512.5%), from €1,385 to €8,481
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 | €112,894 | €192,110 | +€79,217 | +70.2% |
| Fixed assets | 21/28 | €28,751 | €47,992 | +€19,241 | +66.9% |
| Tangible fixed assets | 22/27 | €26,351 | €43,092 | +€16,741 | +63.5% |
| Plant, machinery and equipment | 23 | €26,351 | €21,691 | -€4,660 | -17.7% |
| Furniture and vehicles | 24 | - | €12,154 | +€12,154 | |
| Other tangible fixed assets | 26 | - | €9,247 | +€9,247 | |
| Financial fixed assets | 28 | €2,400 | €4,900 | +€2,500 | +104.2% |
| Current assets | 29/58 | €84,142 | €144,118 | +€59,976 | +71.3% |
| Stocks and contracts in progress | 3 | €26,215 | €88,275 | +€62,060 | +236.7% |
| Stocks | 30/36 | €26,215 | €88,275 | +€62,060 | +236.7% |
| Amounts receivable within one year | 40/41 | €4,847 | €25,183 | +€20,336 | +419.6% |
| Trade receivables | 40 | €4,564 | €25,183 | +€20,619 | +451.8% |
| Other amounts receivable | 41 | €283 | €0 | -€283 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,081 | €30,660 | -€22,421 | -42.2% |
| Total equity and liabilities | 10/49 | €112,894 | €192,110 | +€79,217 | +70.2% |
| Equity | 10/15 | €24,904 | €89,965 | +€65,061 | +261.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €79,965 | +€79,965 | |
| Distributable reserves | 133 | - | €79,965 | +€79,965 | |
| Profit (loss) carried forward | 14 | €14,904 | €0 | -€14,904 | -100.0% |
| Amounts payable | 17/49 | €87,990 | €102,145 | +€14,156 | +16.1% |
| Amounts payable within one year | 42/48 | €87,990 | €100,400 | +€12,410 | +14.1% |
| Trade debts | 44 | €5,733 | €0 | -€5,733 | -100.0% |
| Suppliers | 440/4 | €5,733 | €0 | -€5,733 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,375 | €42,530 | +€33,155 | +353.7% |
| Taxes | 450/3 | €9,375 | €37,111 | +€27,736 | +295.9% |
| Remuneration and social security | 454/9 | - | €5,420 | +€5,420 | |
| Other amounts payable | 47/48 | €72,882 | €57,870 | -€15,012 | -20.6% |
| Accrued charges and deferred income | 492/3 | - | €1,745 | +€1,745 | |
| Remuneration, social security and pensions | 62 | - | €20,171 | +€20,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,385 | €8,481 | +€7,097 | +512.5% |
| Other operating charges | 640/8 | €387 | €611 | +€224 | +57.7% |
| Gross operating margin | 9900 | €29,491 | €118,728 | +€89,238 | +302.6% |
| Operating profit (loss) | 9901 | €27,719 | €89,464 | +€61,746 | +222.8% |
| Financial income | 75/76B | €2 | €15 | +€14 | +861.3% |
| Recurring financial income | 75 | €2 | €15 | +€14 | +861.3% |
| Financial charges | 65/66B | €259 | €983 | +€725 | +280.1% |
| Recurring financial charges | 65 | €259 | €983 | +€725 | +280.1% |
| Profit (loss) for the period before taxes | 9903 | €27,461 | €88,496 | +€61,035 | +222.3% |
| Income taxes | 67/77 | €6,171 | €23,435 | +€17,264 | +279.8% |
| Profit (loss) for the period | 9904 | €21,290 | €65,061 | +€43,771 | +205.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,290 | €65,061 | +€43,771 | +205.6% |
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 11 October 2026 via checked.be.