FARAO: 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.
FARAO
Largest movements
- Cash +€26,053
up €26,053 (+15.8%), from €165,005 to €191,058
mainly Net result for the year (+€37,950) and Tax, wage and social debts (+€24,727)
- Receivables within one year +€6,989
up €6,989 (+255.4%), from €2,736 to €9,725
of which Other amounts receivable: +€9,725
- Stocks and contracts +€5,437
up €5,437 (+37.9%), from €14,361 to €19,798
- Tax, wage and social debts +€24,727
up €24,727 (+1942.4%), from €1,273 to €26,000
- Profit (loss) carried forward +€19,950
up €19,950 (+13.0%), from €153,095 to €173,045
- Other debts -€7,581
down €7,581 (-49.4%), from €15,349 to €7,768
- Trade debts +€3,647
up €3,647 (+18.9%), from €19,298 to €22,945
- Turnover -€642,325
no longer reported in 2025 (was €642,325)
- Purchases and services -€364,997
no longer reported in 2025 (was €364,997)
- Gross operating margin -€51,701
down €51,701 (-18.6%), from €278,607 to €226,906
- Financial charges -€39,820
down €39,820, from €12,071 to -€27,749
- Taxes +€14,236
up €14,236 (+29.6%), from €48,061 to €62,297
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 | €191,359 | €232,102 | +€40,743 | +21.3% |
| Fixed assets | 21/28 | €9,257 | €11,522 | +€2,265 | +24.5% |
| Tangible fixed assets | 22/27 | €9,257 | €11,522 | +€2,265 | +24.5% |
| Plant, machinery and equipment | 23 | €9,257 | €11,278 | +€2,021 | +21.8% |
| Furniture and vehicles | 24 | - | €245 | +€245 | |
| Current assets | 29/58 | €182,102 | €220,580 | +€38,478 | +21.1% |
| Stocks and contracts in progress | 3 | €14,361 | €19,798 | +€5,437 | +37.9% |
| Stocks | 30/36 | €14,361 | €19,798 | +€5,437 | +37.9% |
| Amounts receivable within one year | 40/41 | €2,736 | €9,725 | +€6,989 | +255.4% |
| Trade receivables | 40 | €2,736 | - | -€2,736 | |
| Other amounts receivable | 41 | - | €9,725 | +€9,725 | |
| Cash at bank and in hand | 54/58 | €165,005 | €191,058 | +€26,053 | +15.8% |
| Total equity and liabilities | 10/49 | €191,359 | €232,102 | +€40,743 | +21.3% |
| Equity | 10/15 | €155,439 | €175,389 | +€19,950 | +12.8% |
| Contributions | 10/11 | - | €1,859 | +€1,859 | |
| Reserves | 13 | €2,344 | €485 | -€1,859 | -79.3% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Tax-exempt reserves | 132 | €485 | €485 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €153,095 | €173,045 | +€19,950 | +13.0% |
| Amounts payable | 17/49 | €35,920 | €56,713 | +€20,793 | +57.9% |
| Amounts payable within one year | 42/48 | €35,920 | €56,713 | +€20,793 | +57.9% |
| Trade debts | 44 | €19,298 | €22,945 | +€3,647 | +18.9% |
| Suppliers | 440/4 | €19,298 | €22,945 | +€3,647 | +18.9% |
| Taxes, remuneration and social security | 45 | €1,273 | €26,000 | +€24,727 | +1942.4% |
| Taxes | 450/3 | €1,273 | €26,000 | +€24,727 | +1942.4% |
| Other amounts payable | 47/48 | €15,349 | €7,768 | -€7,581 | -49.4% |
| Turnover | 70 | €642,325 | - | -€642,325 | |
| Goods, raw materials, services and sundry goods | 60/61 | €364,997 | - | -€364,997 | |
| Remuneration, social security and pensions | 62 | €150,627 | €142,042 | -€8,585 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,874 | €6,335 | +€461 | +7.8% |
| Other operating charges | 640/8 | €2,271 | €6,032 | +€3,761 | +165.6% |
| Gross operating margin | 9900 | €278,607 | €226,906 | -€51,701 | -18.6% |
| Operating profit (loss) | 9901 | €119,835 | €72,498 | -€47,337 | -39.5% |
| Financial income | 75/76B | €36 | - | -€36 | |
| Recurring financial income | 75 | €36 | - | -€36 | |
| Financial charges | 65/66B | €12,071 | -€27,749 | -€39,820 | |
| Recurring financial charges | 65 | €12,071 | -€27,749 | -€39,820 | |
| Profit (loss) for the period before taxes | 9903 | €107,800 | €100,247 | -€7,553 | -7.0% |
| Income taxes | 67/77 | €48,061 | €62,297 | +€14,236 | +29.6% |
| Profit (loss) for the period | 9904 | €59,739 | €37,950 | -€21,789 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,739 | €37,950 | -€21,789 | -36.5% |
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 2 October 2026 via checked.be.