FARATIM: 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.
FARATIM
Largest movements
- Tangible fixed assets -€8,395
down €8,395 (-39.6%), from €21,203 to €12,808
of which Furniture and vehicles: -€6,000
- Receivables within one year +€2,740
up €2,740 (+8.4%), from €32,713 to €35,454
- Cash +€902
up €902 (+24.7%), from €3,648 to €4,550
mainly Depreciation (+€8,395) and Tax, wage and social debts (+€3,093)
- Debts after one year -€6,503
down €6,503 (-40.9%), from €15,910 to €9,407
- Tax, wage and social debts +€3,093
up €3,093 (+44.9%), from €6,891 to €9,985
of which Remuneration and social security: +€2,057
- Short-term financial debts -€1,183
no longer reported in 2025 (was €1,183)
- Gross operating margin +€16,852
up €16,852 (+43.4%), from €38,790 to €55,641
- Staff costs +€9,972
up €9,972 (+25.2%), from €39,643 to €49,615
- Financial income -€4,573
down €4,573 (-38.9%), from €11,750 to €7,177
of which Non-recurring financial income: -€2,423
- Taxes +€2,333
new in 2025: €2,333
- Financial charges +€793
up €793 (+67.3%), from €1,178 to €1,971
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,112 | €63,271 | -€4,841 | -7.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €21,302 | €12,907 | -€8,395 | -39.4% |
| Tangible fixed assets | 22/27 | €21,203 | €12,808 | -€8,395 | -39.6% |
| Plant, machinery and equipment | 23 | €5,071 | €2,676 | -€2,395 | -47.2% |
| Furniture and vehicles | 24 | €16,132 | €10,132 | -€6,000 | -37.2% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €46,810 | €50,364 | +€3,554 | +7.6% |
| Stocks and contracts in progress | 3 | €10,360 | €10,360 | = | 0.0% |
| Stocks | 30/36 | €10,360 | €10,360 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,713 | €35,454 | +€2,740 | +8.4% |
| Other amounts receivable | 41 | €32,713 | €35,454 | +€2,740 | +8.4% |
| Cash at bank and in hand | 54/58 | €3,648 | €4,550 | +€902 | +24.7% |
| Deferred charges and accrued income | 490/1 | €89 | - | -€89 | |
| Total equity and liabilities | 10/49 | €68,112 | €63,271 | -€4,841 | -7.1% |
| Equity | 10/15 | €29,627 | €29,773 | +€146 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €58 | €58 | = | 0.0% |
| Non-distributable reserves | 130/1 | €58 | €58 | = | 0.0% |
| Reserves not available under the articles | 1311 | €58 | €58 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,369 | €23,515 | +€146 | +0.6% |
| Amounts payable | 17/49 | €38,485 | €33,498 | -€4,987 | -13.0% |
| Amounts payable after more than one year | 17 | €15,910 | €9,407 | -€6,503 | -40.9% |
| Financial debts | 170/4 | €15,910 | €9,407 | -€6,503 | -40.9% |
| Amounts payable within one year | 42/48 | €22,575 | €24,090 | +€1,516 | +6.7% |
| Financial debts | 43 | €1,183 | - | -€1,183 | |
| Credit institutions | 430/8 | €1,183 | - | -€1,183 | |
| Trade debts | 44 | €14,500 | €14,106 | -€394 | -2.7% |
| Suppliers | 440/4 | €14,500 | €14,106 | -€394 | -2.7% |
| Taxes, remuneration and social security | 45 | €6,891 | €9,985 | +€3,093 | +44.9% |
| Taxes | 450/3 | €6,891 | €7,927 | +€1,036 | +15.0% |
| Remuneration and social security | 454/9 | €0 | €2,057 | +€2,057 | +1,142,794% |
| Remuneration, social security and pensions | 62 | €39,643 | €49,615 | +€9,972 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,795 | €8,395 | -€400 | -4.5% |
| Other operating charges | 640/8 | €440 | €359 | -€81 | -18.4% |
| Gross operating margin | 9900 | €38,790 | €55,641 | +€16,852 | +43.4% |
| Operating profit (loss) | 9901 | -€10,088 | -€2,727 | +€7,360 | +73.0% |
| Financial income | 75/76B | €11,750 | €7,177 | -€4,573 | -38.9% |
| Recurring financial income | 75 | €2,150 | €7,177 | +€5,027 | +234% |
| Non-recurring financial income | 76B | €9,600 | €7,177 | -€2,423 | -25.2% |
| Financial charges | 65/66B | €1,178 | €1,971 | +€793 | +67.3% |
| Recurring financial charges | 65 | €1,178 | €1,971 | +€793 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €485 | €2,479 | +€1,994 | +411% |
| Income taxes | 67/77 | - | €2,333 | +€2,333 | |
| Profit (loss) for the period | 9904 | €485 | €146 | -€339 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €485 | €146 | -€339 | -69.9% |
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 24 October 2026 via checked.be.