FARAISE: 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
FARAISE
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€93,275
2024 · €139,261-€45,986
Equity
€7.5m
2024 · €7.5m-€23,725
Cash
€169,739
2024 · €408,425-€238,686
Balance sheet total
€11.1m
2024 · €11.0m+€139,275
Largest movements
Assets
- Current investments -€860,000
down €860,000 (-16.7%), from €5.1m to €4.3m
- Tangible fixed assets +€604,362
up €604,362 (+11.2%), from €5.4m to €6.0m
of which Assets under construction and advance payments: +€463,509
- Stocks and contracts +€568,500
new in 2025: €568,500
- Cash -€238,686
down €238,686 (-58.4%), from €408,425 to €169,739
mainly Investment in fixed assets (net) (-€751,488) and Stocks and contracts (-€568,500)
Equity and liabilities
- Trade debts +€127,088
up €127,088 (+33853.1%), from €375 to €127,463
Income statement
- Gross operating margin -€69,156
down €69,156 (-31.1%), from €222,346 to €153,191
- Financial income +€43,863
up €43,863 (+39.2%), from €111,789 to €155,653
- Depreciation +€39,268
up €39,268 (+36.4%), from €107,858 to €147,126
- Taxes -€15,942
down €15,942 (-26.9%), from €59,327 to €43,384
- Financial charges -€4,301
down €4,301 (-48.6%), from €8,844 to €4,543
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
€139,261
Gross operating margin
-€69,156
Depreciation
-€39,268
Other operating charges
-€922
Financial income
+€43,863
Financial charges
+€4,301
Taxes
+€15,942
Deferred taxes and other
-€746
Result 2025
€93,275
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.
From operations
-€278,205
Investment
+€108,512
Financing
-€68,992
Cash 2024
€408,425
From operations (derived)
-€278,205
Net result for the year
+€93,275
Depreciation
+€147,126
Stocks and contracts
-€568,500
Receivables within one year
-€63,647
Smaller working-capital items
-€860
Provisions
-€18,547
Trade debts
+€127,088
Tax, wage and social debts
+€5,859
Investment (derived)
+€108,512
Investment in fixed assets (net)
-€751,488
Current investments
+€860,000
Financing
-€68,992
Debts after one year
+€109,795
Current portion of long-term debt
-€61,788
Contributions, distributions and other
-€117,000
Cash 2025
€169,739
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,970,858 | €11,110,133 | +€139,275 | +1.3% |
| Fixed assets | 21/28 | €5,389,102 | €5,993,464 | +€604,362 | +11.2% |
| Tangible fixed assets | 22/27 | €5,389,102 | €5,993,464 | +€604,362 | +11.2% |
| Land and buildings | 22 | €5,382,411 | €5,523,264 | +€140,853 | +2.6% |
| Assets under construction and advance payments | 27 | €6,691 | €470,200 | +€463,509 | +6927.0% |
| Current assets | 29/58 | €5,581,756 | €5,116,669 | -€465,087 | -8.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | - | €568,500 | +€568,500 | |
| Stocks | 30/36 | - | €568,500 | +€568,500 | |
| Amounts receivable within one year | 40/41 | €24,801 | €88,448 | +€63,647 | +256.6% |
| Trade receivables | 40 | €595 | €5,137 | +€4,542 | +763.9% |
| Other amounts receivable | 41 | €24,207 | €83,311 | +€59,105 | +244.2% |
| Current investments | 50/53 | €5,137,721 | €4,277,720 | -€860,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €408,425 | €169,739 | -€238,686 | -58.4% |
| Deferred charges and accrued income | 490/1 | €10,809 | €12,262 | +€1,453 | +13.4% |
| Total equity and liabilities | 10/49 | €10,970,858 | €11,110,133 | +€139,275 | +1.3% |
| Equity | 10/15 | €7,542,986 | €7,519,262 | -€23,725 | -0.3% |
| Contributions | 10/11 | €2,215,000 | €2,215,000 | = | 0.0% |
| Capital | 10 | €2,215,000 | €2,215,000 | = | 0.0% |
| Issued capital | 100 | €2,215,000 | €2,215,000 | = | 0.0% |
| Reserves | 13 | €819,334 | €783,314 | -€36,020 | -4.4% |
| Non-distributable reserves | 130/1 | €230,397 | €230,397 | = | 0.0% |
| Legal reserve | 130 | €221,500 | €221,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,897 | €8,897 | = | 0.0% |
| Tax-exempt reserves | 132 | €456,937 | €420,917 | -€36,020 | -7.9% |
| Distributable reserves | 133 | €132,000 | €132,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,508,653 | €4,520,948 | +€12,295 | +0.3% |
| Provisions and deferred taxes | 16 | €220,351 | €201,803 | -€18,547 | -8.4% |
| Deferred taxes | 168 | €220,351 | €201,803 | -€18,547 | -8.4% |
| Amounts payable | 17/49 | €3,207,521 | €3,389,068 | +€181,547 | +5.7% |
| Amounts payable after more than one year | 17 | €238,568 | €348,363 | +€109,795 | +46.0% |
| Financial debts | 170/4 | €238,568 | €348,363 | +€109,795 | +46.0% |
| Amounts payable within one year | 42/48 | €2,950,353 | €3,021,512 | +€71,160 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €110,638 | €48,851 | -€61,788 | -55.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €375 | €127,463 | +€127,088 | +33853.1% |
| Suppliers | 440/4 | €375 | €127,463 | +€127,088 | +33853.1% |
| Taxes, remuneration and social security | 45 | €67 | €5,926 | +€5,859 | +8780.3% |
| Taxes | 450/3 | €67 | €5,926 | +€5,859 | +8780.3% |
| Other amounts payable | 47/48 | €2,839,272 | €2,839,272 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,600 | €19,193 | +€592 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,858 | €147,126 | +€39,268 | +36.4% |
| Other operating charges | 640/8 | €38,139 | €39,061 | +€922 | +2.4% |
| Gross operating margin | 9900 | €222,346 | €153,191 | -€69,156 | -31.1% |
| Operating profit (loss) | 9901 | €76,349 | -€32,997 | -€109,346 | |
| Financial income | 75/76B | €111,789 | €155,653 | +€43,863 | +39.2% |
| Recurring financial income | 75 | €111,789 | €155,653 | +€43,863 | +39.2% |
| Financial charges | 65/66B | €8,844 | €4,543 | -€4,301 | -48.6% |
| Recurring financial charges | 65 | €8,844 | €4,543 | -€4,301 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €179,295 | €118,112 | -€61,183 | -34.1% |
| Transfer from deferred taxes | 780 | €19,293 | €18,547 | -€746 | -3.9% |
| Income taxes | 67/77 | €59,327 | €43,384 | -€15,942 | -26.9% |
| Profit (loss) for the period | 9904 | €139,261 | €93,275 | -€45,986 | -33.0% |
| Transfer from tax-exempt reserves | 789 | €37,468 | €36,020 | -€1,449 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €176,730 | €129,295 | -€47,434 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.