FAPRO: 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.
What changed
FAPRO
NACE 10.910, Manufacture of food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6.6m
2024 · -€1.5m+€8.0m
Equity
€23.4m
2024 · €15.8m+€7.6m
Cash
€788,270
2024 · €649,214+€139,056
Balance sheet total
€47.4m
2024 · €34.4m+€12.9m
Largest movements
Assets
- Receivables within one year +€12.0m
up €12.0m (+39.8%), from €30.0m to €42.0m
of which Other amounts receivable: +€12.3m
- Tangible fixed assets +€886,479
up €886,479 (+27.9%), from €3.2m to €4.1m
of which Assets under construction and advance payments: +€924,000
Equity and liabilities
- Profit (loss) carried forward +€6.6m
up €6.6m (+57.2%), from €11.5m to €18.1m
- Other debts +€5.5m
up €5.5m (+36.4%), from €15.0m to €20.4m
- Investment grants +€1.0m
new in 2025: €1.0m
Income statement
- Turnover +€6.8m
up €6.8m (+19.4%), from €35.4m to €42.2m
- Goods and materials -€3.4m
down €3.4m (-12.0%), from €28.6m to €25.2m
of which Purchases: -€3.4m
- Taxes +€1.8m
up €1.8m (+214,056%), from €851 to €1.8m
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.
Result 2024
-€1.5m
Turnover
+€6.8m
Other operating income
-€70,129
Goods and materials
+€3.4m
Services and other goods
-€399,646
Staff costs
-€57,944
Depreciation
+€17,206
Other operating charges
-€11,206
Other operating items
+€128,363
Financial income
+€145,795
Financial charges
-€154,308
Taxes
-€1.8m
Deferred taxes and other
-€2,152
Result 2025
€6.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€843,136
Investment
-€1.7m
Financing
+€1.0m
Cash 2024
€649,214
From operations (derived)
+€843,136
Net result for the year
+€6.6m
Depreciation
+€821,491
Stocks and contracts
+€99,783
Receivables within one year
-€12.0m
Deferred charges and accrued income
-€66,965
Smaller working-capital items
-€15,366
Tax, wage and social debts
-€78,982
Other debts
+€5.5m
Investment (derived)
-€1.7m
Investment in fixed assets (net)
-€1.7m
Financing
+€1.0m
Contributions, distributions and other
+€1.0m
Cash 2025
€788,270
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,404,498 | €47,350,277 | +€12.9m | +37.6% |
| Fixed assets | 21/28 | €3,184,726 | €4,067,314 | +€882,588 | +27.7% |
| Intangible fixed assets | 21 | €6,106 | €2,210 | -€3,896 | -63.8% |
| Tangible fixed assets | 22/27 | €3,178,570 | €4,065,049 | +€886,479 | +27.9% |
| Land and buildings | 22 | €556,059 | €507,648 | -€48,412 | -8.7% |
| Plant, machinery and equipment | 23 | €1,257,631 | €1,136,477 | -€121,154 | -9.6% |
| Furniture and vehicles | 24 | €301,827 | €439,049 | +€137,222 | +45.5% |
| Other tangible fixed assets | 26 | €383,053 | €377,876 | -€5,178 | -1.4% |
| Assets under construction and advance payments | 27 | €680,000 | €1,604,000 | +€924,000 | +136% |
| Financial fixed assets | 28 | €50 | €55 | +€5 | +10.0% |
| Other financial fixed assets | 284/8 | €50 | €55 | +€5 | +10.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €55 | +€5 | +10.0% |
| Current assets | 29/58 | €31,219,772 | €43,282,964 | +€12.1m | +38.6% |
| Stocks and contracts in progress | 3 | €498,006 | €398,223 | -€99,783 | -20.0% |
| Stocks | 30/36 | €498,006 | €398,223 | -€99,783 | -20.0% |
| Raw materials and consumables | 30/31 | €11,526 | €26,119 | +€14,593 | +127% |
| Finished goods | 33 | €486,480 | €372,104 | -€114,376 | -23.5% |
| Amounts receivable within one year | 40/41 | €30,031,628 | €41,988,582 | +€12.0m | +39.8% |
| Trade receivables | 40 | €3,321,638 | €2,994,637 | -€327,001 | -9.8% |
| Other amounts receivable | 41 | €26,709,990 | €38,993,945 | +€12.3m | +46.0% |
| Cash at bank and in hand | 54/58 | €649,214 | €788,270 | +€139,056 | +21.4% |
| Deferred charges and accrued income | 490/1 | €40,924 | €107,889 | +€66,965 | +164% |
| Total equity and liabilities | 10/49 | €34,404,498 | €47,350,277 | +€12.9m | +37.6% |
| Equity | 10/15 | €15,778,216 | €23,365,114 | +€7.6m | +48.1% |
| Contributions | 10/11 | €867,894 | €867,894 | = | 0.0% |
| Capital | 10 | €620,000 | €620,000 | = | 0.0% |
| Issued capital | 100 | €620,000 | €620,000 | = | 0.0% |
| Contributions outside capital | 11 | €247,894 | €247,894 | = | 0.0% |
| Share premium | 1100/10 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €3,367,243 | €3,352,352 | -€14,891 | -0.4% |
| Non-distributable reserves | 130/1 | €76,536 | €76,536 | = | 0.0% |
| Legal reserve | 130 | €62,000 | €62,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,536 | €14,536 | = | 0.0% |
| Tax-exempt reserves | 132 | €121,870 | €106,979 | -€14,891 | -12.2% |
| Distributable reserves | 133 | €3,168,837 | €3,168,837 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,543,080 | €18,144,868 | +€6.6m | +57.2% |
| Investment grants | 15 | - | €1,000,000 | +€1.0m | |
| Provisions and deferred taxes | 16 | €4,964 | €0 | -€4,964 | -100% |
| Deferred taxes | 168 | €4,964 | €0 | -€4,964 | -100% |
| Amounts payable | 17/49 | €18,621,318 | €23,985,164 | +€5.4m | +28.8% |
| Amounts payable within one year | 42/48 | €18,613,322 | €23,983,110 | +€5.4m | +28.8% |
| Trade debts | 44 | €3,276,875 | €3,272,415 | -€4,459 | -0.1% |
| Suppliers | 440/4 | €3,276,875 | €3,272,415 | -€4,459 | -0.1% |
| Taxes, remuneration and social security | 45 | €356,508 | €277,526 | -€78,982 | -22.2% |
| Taxes | 450/3 | €48,674 | €10,471 | -€38,202 | -78.5% |
| Remuneration and social security | 454/9 | €307,834 | €267,054 | -€40,780 | -13.2% |
| Other amounts payable | 47/48 | €14,979,939 | €20,433,168 | +€5.5m | +36.4% |
| Accrued charges and deferred income | 492/3 | €7,997 | €2,054 | -€5,943 | -74.3% |
| Operating income | 70/76A | €35,711,368 | €42,617,807 | +€6.9m | +19.3% |
| Turnover | 70 | €35,363,708 | €42,211,912 | +€6.8m | +19.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€117,222 | -€114,376 | +€2,846 | +2.4% |
| Other operating income | 74 | €298,201 | €228,073 | -€70,129 | -23.5% |
| Non-recurring operating income | 76A | €166,682 | €292,198 | +€125,517 | +75.3% |
| Operating charges | 60/66A | €37,528,527 | €34,556,822 | -€3.0m | -7.9% |
| Goods for resale, raw materials and consumables | 60 | €28,579,470 | €25,156,174 | -€3.4m | -12.0% |
| Purchases | 600/8 | €28,573,707 | €25,170,767 | -€3.4m | -11.9% |
| Change in stocks: decrease (increase) | 609 | €5,763 | -€14,593 | -€20,356 | |
| Services and other goods | 61 | €5,952,725 | €6,352,371 | +€399,646 | +6.7% |
| Remuneration, social security and pensions | 62 | €2,080,886 | €2,138,830 | +€57,944 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838,697 | €821,491 | -€17,206 | -2.1% |
| Other operating charges | 640/8 | €76,749 | €87,956 | +€11,206 | +14.6% |
| Operating profit (loss) | 9901 | -€1,817,159 | €8,060,985 | +€9.9m | |
| Financial income | 75/76B | €657,998 | €803,793 | +€145,795 | +22.2% |
| Recurring financial income | 75 | €657,998 | €803,793 | +€145,795 | +22.2% |
| Income from current assets | 751 | €657,998 | €803,793 | +€145,795 | +22.2% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €305,595 | €459,903 | +€154,308 | +50.5% |
| Recurring financial charges | 65 | €305,595 | €459,903 | +€154,308 | +50.5% |
| Debt charges | 650 | €291,173 | €442,384 | +€151,212 | +51.9% |
| Other financial charges | 652/9 | €14,423 | €17,519 | +€3,096 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,464,756 | €8,404,875 | +€9.9m | |
| Transfer from deferred taxes | 780 | €7,116 | €4,964 | -€2,152 | -30.2% |
| Income taxes | 67/77 | €851 | €1,822,940 | +€1.8m | +214,056% |
| Taxes | 670/3 | €851 | €1,822,940 | +€1.8m | +214,056% |
| Profit (loss) for the period | 9904 | -€1,458,492 | €6,586,898 | +€8.0m | |
| Transfer from tax-exempt reserves | 789 | €21,347 | €14,891 | -€6,456 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,437,145 | €6,601,789 | +€8.0m |
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 30 October 2026 via checked.be.