FARESE: 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.
FARESE
Largest movements
- Cash -€19,684
down €19,684 (-85.0%), from €23,154 to €3,470
mainly Contributions, distributions and other (-€27,000) and Investment in fixed assets (net) (-€6,755)
- Tangible fixed assets +€5,292
new in 2025: €5,292
- Stocks and contracts -€5,000
down €5,000 (-33.3%), from €15,000 to €10,000
- Reserves -€27,000
down €27,000 (-10.7%), from €251,317 to €224,317
of which Distributable reserves: -€27,000
- Tax, wage and social debts +€3,679
up €3,679 (+416.6%), from €883 to €4,562
- Gross operating margin +€15,648
up €15,648, from -€11,943 to €3,705
- Financial income -€2,361
no longer reported in 2025 (was €2,361)
- Other operating charges -€1,817
no longer reported in 2025 (was €1,817)
- Depreciation +€1,323
new in 2025: €1,323
- Financial charges +€284
up €284 (+72.6%), from €391 to €675
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 | €259,054 | €239,802 | -€19,252 | -7.4% |
| Fixed assets | 21/28 | - | €5,432 | +€5,432 | |
| Tangible fixed assets | 22/27 | - | €5,292 | +€5,292 | |
| Land and buildings | 22 | - | €5,292 | +€5,292 | |
| Financial fixed assets | 28 | - | €140 | +€140 | |
| Current assets | 29/58 | €259,054 | €234,370 | -€24,684 | -9.5% |
| Stocks and contracts in progress | 3 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Contracts in progress | 37 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €220,900 | €220,900 | = | 0.0% |
| Other amounts receivable | 41 | €220,900 | €220,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,154 | €3,470 | -€19,684 | -85.0% |
| Total equity and liabilities | 10/49 | €259,054 | €239,802 | -€19,252 | -7.4% |
| Equity | 10/15 | €257,454 | €232,161 | -€25,293 | -9.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €251,317 | €224,317 | -€27,000 | -10.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €249,457 | €222,457 | -€27,000 | -10.8% |
| Profit (loss) carried forward | 14 | -€13,863 | -€12,156 | +€1,707 | +12.3% |
| Amounts payable | 17/49 | €1,600 | €7,641 | +€6,041 | +377.6% |
| Amounts payable within one year | 42/48 | €1,600 | €7,641 | +€6,041 | +377.6% |
| Trade debts | 44 | - | €86 | +€86 | |
| Suppliers | 440/4 | - | €86 | +€86 | |
| Taxes, remuneration and social security | 45 | €883 | €4,562 | +€3,679 | +416.6% |
| Taxes | 450/3 | €883 | €4,562 | +€3,679 | +416.6% |
| Other amounts payable | 47/48 | €717 | €2,993 | +€2,276 | +317.4% |
| Non-recurring operating income | 76A | €3,246 | - | -€3,246 | |
| Remuneration, social security and pensions | 62 | €95 | - | -€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,323 | +€1,323 | |
| Other operating charges | 640/8 | €1,817 | - | -€1,817 | |
| Non-recurring operating charges | 66A | €1,793 | - | -€1,793 | |
| Gross operating margin | 9900 | -€11,943 | €3,705 | +€15,648 | |
| Operating profit (loss) | 9901 | -€15,648 | €2,382 | +€18,030 | |
| Financial income | 75/76B | €2,361 | - | -€2,361 | |
| Recurring financial income | 75 | €2,361 | - | -€2,361 | |
| Financial charges | 65/66B | €391 | €675 | +€284 | +72.6% |
| Recurring financial charges | 65 | €391 | €675 | +€284 | +72.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,678 | €1,707 | +€15,385 | |
| Income taxes | 67/77 | €185 | - | -€185 | |
| Profit (loss) for the period | 9904 | -€13,863 | €1,707 | +€15,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,863 | €1,707 | +€15,570 |
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 9 October 2026 via checked.be.