Faregan: 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.
Faregan
Largest movements
- Cash -€128,601
down €128,601 (-45.6%), from €281,926 to €153,325
mainly Other debts (-€453,565) and Deferred charges and accrued income (-€11,127)
- Financial fixed assets -€67,706
no longer reported in 2024 (was €67,706)
- Tangible fixed assets -€46,567
down €46,567 (-2.5%), from €1.9m to €1.8m
of which Land and buildings: -€46,567
- Other debts -€453,565
down €453,565 (-55.5%), from €816,565 to €363,000
- Profit (loss) carried forward +€234,115
up €234,115 (+46.6%), from €502,642 to €736,757
- Gross operating margin +€399,699
up €399,699, from -€98,963 to €300,735
- Taxes +€44,170
new in 2024: €44,170
- Financial charges +€10,072
up €10,072 (+1032.8%), from €975 to €11,048
- Depreciation -€4,557
down €4,557 (-69.2%), from €6,585 to €2,027
- Other operating charges +€4,060
up €4,060 (+76.2%), from €5,329 to €9,390
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 | €2,334,224 | €2,102,296 | -€231,929 | -9.9% |
| Fixed assets | 21/28 | €1,930,298 | €1,816,024 | -€114,274 | -5.9% |
| Tangible fixed assets | 22/27 | €1,862,592 | €1,816,024 | -€46,567 | -2.5% |
| Land and buildings | 22 | €1,862,592 | €1,816,024 | -€46,567 | -2.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €67,706 | - | -€67,706 | |
| Current assets | 29/58 | €403,926 | €286,272 | -€117,655 | -29.1% |
| Stocks and contracts in progress | 3 | €10,495 | €10,495 | = | 0.0% |
| Stocks | 30/36 | €10,495 | €10,495 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,000 | €99,819 | -€181 | -0.2% |
| Other amounts receivable | 41 | €100,000 | €99,819 | -€181 | -0.2% |
| Current investments | 50/53 | €11,506 | €11,506 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €281,926 | €153,325 | -€128,601 | -45.6% |
| Deferred charges and accrued income | 490/1 | - | €11,127 | +€11,127 | |
| Total equity and liabilities | 10/49 | €2,334,224 | €2,102,296 | -€231,929 | -9.9% |
| Equity | 10/15 | €762,192 | €996,306 | +€234,115 | +30.7% |
| Contributions | 10/11 | €169,197 | €169,197 | = | 0.0% |
| Capital | 10 | €169,197 | €169,197 | = | 0.0% |
| Issued capital | 100 | €169,197 | €169,197 | = | 0.0% |
| Reserves | 13 | €90,353 | €90,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Distributable reserves | 133 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €502,642 | €736,757 | +€234,115 | +46.6% |
| Amounts payable | 17/49 | €1,572,033 | €1,105,990 | -€466,043 | -29.6% |
| Amounts payable after more than one year | 17 | €720,606 | €714,395 | -€6,212 | -0.9% |
| Financial debts | 170/4 | €720,606 | €714,395 | -€6,212 | -0.9% |
| Amounts payable within one year | 42/48 | €851,426 | €391,595 | -€459,831 | -54.0% |
| Trade debts | 44 | €24,070 | €28,595 | +€4,525 | +18.8% |
| Suppliers | 440/4 | €24,070 | €28,595 | +€4,525 | +18.8% |
| Taxes, remuneration and social security | 45 | €10,791 | €0 | -€10,791 | -100.0% |
| Taxes | 450/3 | €5,570 | €0 | -€5,570 | -100.0% |
| Remuneration and social security | 454/9 | €5,222 | €0 | -€5,222 | -100.0% |
| Other amounts payable | 47/48 | €816,565 | €363,000 | -€453,565 | -55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,585 | €2,027 | -€4,557 | -69.2% |
| Other operating charges | 640/8 | €5,329 | €9,390 | +€4,060 | +76.2% |
| Gross operating margin | 9900 | -€98,963 | €300,735 | +€399,699 | |
| Operating profit (loss) | 9901 | -€110,877 | €289,318 | +€400,196 | |
| Financial income | 75/76B | €0 | €13 | +€13 | +14866.7% |
| Recurring financial income | 75 | €0 | €13 | +€13 | +14866.7% |
| Financial charges | 65/66B | €975 | €11,048 | +€10,072 | +1032.8% |
| Recurring financial charges | 65 | €975 | €11,048 | +€10,072 | +1032.8% |
| Profit (loss) for the period before taxes | 9903 | -€111,852 | €278,284 | +€390,137 | |
| Income taxes | 67/77 | - | €44,170 | +€44,170 | |
| Profit (loss) for the period | 9904 | -€111,852 | €234,115 | +€345,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€111,852 | €234,115 | +€345,967 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.