FARE IT: 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.
FARE IT
Largest movements
- Cash +€23,131
up €23,131 (+108.3%), from €21,350 to €44,481
mainly Net result for the year (+€45,691) and Receivables within one year (+€16,228)
- Receivables within one year -€16,228
down €16,228 (-52.0%), from €31,217 to €14,990
of which Trade receivables: -€16,230
- Reserves +€45,692
new in 2025: €45,692
- Profit (loss) carried forward -€39,668
no longer reported in 2025 (was €39,668)
- Tax, wage and social debts +€708
up €708 (+5.9%), from €12,001 to €12,709
- Gross operating margin -€75,081
down €75,081 (-55.3%), from €135,773 to €60,692
- Taxes -€16,736
down €16,736 (-55.9%), from €29,934 to €13,197
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 | €54,072 | €60,587 | +€6,515 | +12.0% |
| Fixed assets | 21/28 | €1,505 | €1,116 | -€388 | -25.8% |
| Tangible fixed assets | 22/27 | €1,505 | €1,116 | -€388 | -25.8% |
| Plant, machinery and equipment | 23 | €1,505 | €1,116 | -€388 | -25.8% |
| Current assets | 29/58 | €52,567 | €59,471 | +€6,903 | +13.1% |
| Amounts receivable within one year | 40/41 | €31,217 | €14,990 | -€16,228 | -52.0% |
| Trade receivables | 40 | €30,840 | €14,611 | -€16,230 | -52.6% |
| Other amounts receivable | 41 | €377 | €379 | +€2 | +0.5% |
| Cash at bank and in hand | 54/58 | €21,350 | €44,481 | +€23,131 | +108.3% |
| Total equity and liabilities | 10/49 | €54,072 | €60,587 | +€6,515 | +12.0% |
| Equity | 10/15 | €40,668 | €46,692 | +€6,023 | +14.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €45,692 | +€45,692 | |
| Distributable reserves | 133 | - | €45,692 | +€45,692 | |
| Profit (loss) carried forward | 14 | €39,668 | - | -€39,668 | |
| Amounts payable | 17/49 | €13,404 | €13,895 | +€491 | +3.7% |
| Amounts payable within one year | 42/48 | €13,404 | €13,895 | +€491 | +3.7% |
| Trade debts | 44 | €1,403 | €1,186 | -€216 | -15.4% |
| Suppliers | 440/4 | €1,403 | €1,186 | -€216 | -15.4% |
| Taxes, remuneration and social security | 45 | €12,001 | €12,709 | +€708 | +5.9% |
| Taxes | 450/3 | €12,001 | €12,709 | +€708 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €388 | +€116 | +42.6% |
| Other operating charges | 640/8 | €118 | €667 | +€549 | +465.0% |
| Gross operating margin | 9900 | €135,773 | €60,692 | -€75,081 | -55.3% |
| Operating profit (loss) | 9901 | €135,383 | €59,637 | -€75,746 | -55.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €67 | €749 | +€682 | +1020.1% |
| Recurring financial charges | 65 | €67 | €749 | +€682 | +1020.1% |
| Profit (loss) for the period before taxes | 9903 | €135,316 | €58,889 | -€76,428 | -56.5% |
| Income taxes | 67/77 | €29,934 | €13,197 | -€16,736 | -55.9% |
| Profit (loss) for the period | 9904 | €105,383 | €45,691 | -€59,691 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,383 | €45,691 | -€59,691 | -56.6% |
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 5 October 2026 via checked.be.