FARESS: 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.
FARESS
Largest movements
- Receivables within one year +€24,723
up €24,723 (+487.0%), from €5,076 to €29,800
- Cash +€19,302
up €19,302 (+42.5%), from €45,384 to €64,686
mainly Net result for the year (+€60,380) and Tax, wage and social debts (+€17,002)
- Tangible fixed assets +€2,023
up €2,023 (+180.3%), from €1,122 to €3,145
- Profit (loss) carried forward +€30,380
up €30,380 (+58.1%), from €52,327 to €82,707
- Tax, wage and social debts +€17,002
up €17,002 (+115.6%), from €14,706 to €31,708
- Gross operating margin +€31,670
up €31,670 (+52.0%), from €60,861 to €92,530
- Taxes +€12,802
up €12,802 (+88.9%), from €14,406 to €27,208
- Other operating charges +€2,867
up €2,867 (+258.8%), from €1,108 to €3,974
- Depreciation -€1,607
down €1,607 (-66.5%), from €2,418 to €811
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 | €71,556 | €118,738 | +€47,182 | +65.9% |
| Fixed assets | 21/28 | €1,122 | €3,145 | +€2,023 | +180.3% |
| Tangible fixed assets | 22/27 | €1,122 | €3,145 | +€2,023 | +180.3% |
| Furniture and vehicles | 24 | €1,122 | €3,145 | +€2,023 | +180.3% |
| Current assets | 29/58 | €70,434 | €115,593 | +€45,159 | +64.1% |
| Amounts receivable within one year | 40/41 | €5,076 | €29,800 | +€24,723 | +487.0% |
| Other amounts receivable | 41 | €5,076 | €29,800 | +€24,723 | +487.0% |
| Cash at bank and in hand | 54/58 | €45,384 | €64,686 | +€19,302 | +42.5% |
| Deferred charges and accrued income | 490/1 | €19,974 | €21,107 | +€1,133 | +5.7% |
| Total equity and liabilities | 10/49 | €71,556 | €118,738 | +€47,182 | +65.9% |
| Equity | 10/15 | €55,327 | €85,707 | +€30,380 | +54.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,327 | €82,707 | +€30,380 | +58.1% |
| Amounts payable | 17/49 | €16,229 | €33,032 | +€16,802 | +103.5% |
| Amounts payable within one year | 42/48 | €16,166 | €32,632 | +€16,467 | +101.9% |
| Trade debts | 44 | €1,459 | €924 | -€535 | -36.7% |
| Suppliers | 440/4 | €1,459 | €924 | -€535 | -36.7% |
| Taxes, remuneration and social security | 45 | €14,706 | €31,708 | +€17,002 | +115.6% |
| Taxes | 450/3 | €14,706 | €31,708 | +€17,002 | +115.6% |
| Accrued charges and deferred income | 492/3 | €64 | €400 | +€336 | +526.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,418 | €811 | -€1,607 | -66.5% |
| Other operating charges | 640/8 | €1,108 | €3,974 | +€2,867 | +258.8% |
| Gross operating margin | 9900 | €60,861 | €92,530 | +€31,670 | +52.0% |
| Operating profit (loss) | 9901 | €57,336 | €87,745 | +€30,410 | +53.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €259 | €158 | -€101 | -38.9% |
| Recurring financial charges | 65 | €259 | €158 | -€101 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €57,077 | €87,587 | +€30,510 | +53.5% |
| Income taxes | 67/77 | €14,406 | €27,208 | +€12,802 | +88.9% |
| Profit (loss) for the period | 9904 | €42,671 | €60,380 | +€17,709 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,671 | €60,380 | +€17,709 | +41.5% |
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 29 September 2026 via checked.be.