FARD: 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.
FARD
Largest movements
- Tangible fixed assets -€51,495
down €51,495 (-95.8%), from €53,775 to €2,281
of which Furniture and vehicles: -€51,353
- Receivables within one year +€17,349
up €17,349 (+45.4%), from €38,187 to €55,536
of which Other amounts receivable: +€23,506
- Stocks and contracts +€5,029
up €5,029 (+525.8%), from €956 to €5,985
- Cash -€4,391
down €4,391 (-38.4%), from €11,422 to €7,031
mainly Net result for the year (-€33,465) and Receivables within one year (-€17,349)
- Profit (loss) carried forward -€33,465
down €33,465, from €26,792 to -€6,673
- Trade debts +€2,932
up €2,932 (+12.3%), from €23,928 to €26,860
- Current portion of long-term debt -€2,607
down €2,607 (-83.5%), from €3,124 to €517
- Staff costs +€48,731
up €48,731 (+89.5%), from €54,437 to €103,169
- Other operating charges +€26,774
up €26,774 (+495.4%), from €5,404 to €32,178
- Gross operating margin +€26,311
up €26,311 (+29.0%), from €90,575 to €116,886
- Depreciation -€12,284
down €12,284 (-79.3%), from €15,494 to €3,210
- Financial charges +€7,573
up €7,573 (+179.4%), from €4,221 to €11,794
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,067 | €70,924 | -€34,144 | -32.5% |
| Fixed assets | 21/28 | €54,140 | €2,371 | -€51,769 | -95.6% |
| Intangible fixed assets | 21 | €275 | - | -€275 | |
| Tangible fixed assets | 22/27 | €53,775 | €2,281 | -€51,495 | -95.8% |
| Furniture and vehicles | 24 | €53,608 | €2,256 | -€51,353 | -95.8% |
| Other tangible fixed assets | 26 | €167 | €25 | -€142 | -85.0% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €50,927 | €68,553 | +€17,626 | +34.6% |
| Stocks and contracts in progress | 3 | €956 | €5,985 | +€5,029 | +525.8% |
| Stocks | 30/36 | €956 | €5,985 | +€5,029 | +525.8% |
| Amounts receivable within one year | 40/41 | €38,187 | €55,536 | +€17,349 | +45.4% |
| Trade receivables | 40 | €6,157 | - | -€6,157 | |
| Other amounts receivable | 41 | €32,030 | €55,536 | +€23,506 | +73.4% |
| Cash at bank and in hand | 54/58 | €11,422 | €7,031 | -€4,391 | -38.4% |
| Deferred charges and accrued income | 490/1 | €362 | - | -€362 | |
| Total equity and liabilities | 10/49 | €105,067 | €70,924 | -€34,144 | -32.5% |
| Equity | 10/15 | €47,252 | €13,787 | -€33,465 | -70.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,792 | -€6,673 | -€33,465 | |
| Amounts payable | 17/49 | €57,815 | €57,137 | -€679 | -1.2% |
| Amounts payable within one year | 42/48 | €57,815 | €57,137 | -€679 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €3,124 | €517 | -€2,607 | -83.5% |
| Trade debts | 44 | €23,928 | €26,860 | +€2,932 | +12.3% |
| Suppliers | 440/4 | €23,928 | €26,860 | +€2,932 | +12.3% |
| Taxes, remuneration and social security | 45 | €30,763 | €29,760 | -€1,003 | -3.3% |
| Taxes | 450/3 | €18,214 | €13,395 | -€4,819 | -26.5% |
| Remuneration and social security | 454/9 | €12,549 | €16,365 | +€3,815 | +30.4% |
| Remuneration, social security and pensions | 62 | €54,437 | €103,169 | +€48,731 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,494 | €3,210 | -€12,284 | -79.3% |
| Other operating charges | 640/8 | €5,404 | €32,178 | +€26,774 | +495.4% |
| Gross operating margin | 9900 | €90,575 | €116,886 | +€26,311 | +29.0% |
| Operating profit (loss) | 9901 | €15,239 | -€21,672 | -€36,911 | |
| Financial charges | 65/66B | €4,221 | €11,794 | +€7,573 | +179.4% |
| Recurring financial charges | 65 | €4,221 | €11,794 | +€7,573 | +179.4% |
| Profit (loss) for the period before taxes | 9903 | €11,018 | -€33,465 | -€44,483 | |
| Income taxes | 67/77 | €5,886 | - | -€5,886 | |
| Profit (loss) for the period | 9904 | €5,132 | -€33,465 | -€38,597 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,132 | -€33,465 | -€38,597 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.