FARENOVATION: 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.
FARENOVATION
Largest movements
- Receivables within one year +€21,435
up €21,435 (+224%), from €9,563 to €30,998
- Cash +€8,229
new in 2025: €8,229
mainly Trade debts (+€14,722) and Tax, wage and social debts (+€10,456)
- Deferred charges and accrued income -€7,970
down €7,970 (-99.8%), from €7,984 to €13
- Tangible fixed assets -€2,959
down €2,959 (-17.5%), from €16,905 to €13,946
of which Furniture and vehicles: -€2,893
- Intangible fixed assets -€1,310
down €1,310 (-20.7%), from €6,319 to €5,009
- Trade debts +€14,722
up €14,722 (+221%), from €6,652 to €21,374
- Tax, wage and social debts +€10,456
up €10,456 (+75.9%), from €13,781 to €24,237
- Short-term financial debts -€5,315
no longer reported in 2025 (was €5,315)
- Debts after one year -€4,710
down €4,710 (-56.8%), from €8,290 to €3,580
- Other debts +€1,205
up €1,205 (+40.3%), from €2,990 to €4,195
- Gross operating margin +€43,508
up €43,508, from -€20,325 to €23,184
- Financial charges +€3,196
up €3,196 (+46.5%), from €6,878 to €10,073
- Staff costs +€2,347
new in 2025: €2,347
- Depreciation +€1,555
up €1,555 (+32.5%), from €4,780 to €6,335
- Other operating charges +€714
up €714 (+30.8%), from €2,320 to €3,034
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 | €42,370 | €59,795 | +€17,425 | +41.1% |
| Fixed assets | 21/28 | €24,824 | €20,555 | -€4,269 | -17.2% |
| Intangible fixed assets | 21 | €6,319 | €5,009 | -€1,310 | -20.7% |
| Tangible fixed assets | 22/27 | €16,905 | €13,946 | -€2,959 | -17.5% |
| Plant, machinery and equipment | 23 | €66 | - | -€66 | |
| Furniture and vehicles | 24 | €16,839 | €13,946 | -€2,893 | -17.2% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €17,546 | €39,240 | +€21,694 | +124% |
| Amounts receivable within one year | 40/41 | €9,563 | €30,998 | +€21,435 | +224% |
| Trade receivables | 40 | €9,563 | €30,998 | +€21,435 | +224% |
| Cash at bank and in hand | 54/58 | - | €8,229 | +€8,229 | |
| Deferred charges and accrued income | 490/1 | €7,984 | €13 | -€7,970 | -99.8% |
| Total equity and liabilities | 10/49 | €42,370 | €59,795 | +€17,425 | +41.1% |
| Equity | 10/15 | €633 | €1,700 | +€1,067 | +169% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,367 | -€3,300 | +€1,067 | +24.4% |
| Amounts payable | 17/49 | €41,737 | €58,095 | +€16,358 | +39.2% |
| Amounts payable after more than one year | 17 | €8,290 | €3,580 | -€4,710 | -56.8% |
| Financial debts | 170/4 | €8,290 | €3,580 | -€4,710 | -56.8% |
| Amounts payable within one year | 42/48 | €33,447 | €54,516 | +€21,068 | +63.0% |
| Current portion of amounts payable after more than one year | 42 | €4,710 | €4,710 | = | 0.0% |
| Financial debts | 43 | €5,315 | - | -€5,315 | |
| Credit institutions | 430/8 | €5,315 | - | -€5,315 | |
| Trade debts | 44 | €6,652 | €21,374 | +€14,722 | +221% |
| Suppliers | 440/4 | €6,652 | €21,374 | +€14,722 | +221% |
| Taxes, remuneration and social security | 45 | €13,781 | €24,237 | +€10,456 | +75.9% |
| Taxes | 450/3 | €13,781 | €24,237 | +€10,456 | +75.9% |
| Other amounts payable | 47/48 | €2,990 | €4,195 | +€1,205 | +40.3% |
| Remuneration, social security and pensions | 62 | - | €2,347 | +€2,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,780 | €6,335 | +€1,555 | +32.5% |
| Other operating charges | 640/8 | €2,320 | €3,034 | +€714 | +30.8% |
| Gross operating margin | 9900 | -€20,325 | €23,184 | +€43,508 | |
| Operating profit (loss) | 9901 | -€27,424 | €11,468 | +€38,892 | |
| Financial income | 75/76B | €724 | €21 | -€703 | -97.1% |
| Recurring financial income | 75 | €724 | €21 | -€703 | -97.1% |
| Financial charges | 65/66B | €6,878 | €10,073 | +€3,196 | +46.5% |
| Recurring financial charges | 65 | €6,878 | €10,073 | +€3,196 | +46.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,578 | €1,416 | +€34,994 | |
| Income taxes | 67/77 | - | €349 | +€349 | |
| Profit (loss) for the period | 9904 | -€33,578 | €1,067 | +€34,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,578 | €1,067 | +€34,645 |
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 27 October 2026 via checked.be.