FAREVE: 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.
FAREVE
Largest movements
- Stocks and contracts +€4,010
up €4,010 (+15.6%), from €25,631 to €29,641
- Receivables within one year -€2,398
down €2,398 (-18.0%), from €13,350 to €10,952
of which Trade receivables: -€3,044
- Cash +€1,761
new in 2023: €1,761
mainly Current portion of long-term debt (+€18,148) and Tax, wage and social debts (+€9,174)
- Tangible fixed assets -€1,414
down €1,414 (-20.0%), from €7,070 to €5,656
of which Plant, machinery and equipment: -€814
- Debts after one year -€18,148
down €18,148 (-15.7%), from €115,418 to €97,270
- Current portion of long-term debt +€18,148
new in 2023: €18,148
- Other debts -€10,184
down €10,184 (-51.7%), from €19,710 to €9,526
- Tax, wage and social debts +€9,174
up €9,174 (+253.0%), from €3,625 to €12,799
- Trade debts -€6,249
down €6,249 (-64.6%), from €9,672 to €3,422
- Gross operating margin +€31,218
up €31,218 (+301.8%), from €10,345 to €41,563
- Financial charges +€16,170
up €16,170 (+85.2%), from €18,981 to €35,152
- Depreciation -€2,905
down €2,905 (-67.3%), from €4,319 to €1,414
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,051 | €48,010 | +€1,959 | +4.3% |
| Fixed assets | 21/28 | €7,070 | €5,656 | -€1,414 | -20.0% |
| Tangible fixed assets | 22/27 | €7,070 | €5,656 | -€1,414 | -20.0% |
| Plant, machinery and equipment | 23 | €4,070 | €3,256 | -€814 | -20.0% |
| Furniture and vehicles | 24 | €3,000 | €2,400 | -€600 | -20.0% |
| Current assets | 29/58 | €38,981 | €42,354 | +€3,373 | +8.7% |
| Stocks and contracts in progress | 3 | €25,631 | €29,641 | +€4,010 | +15.6% |
| Stocks | 30/36 | €25,631 | €29,641 | +€4,010 | +15.6% |
| Amounts receivable within one year | 40/41 | €13,350 | €10,952 | -€2,398 | -18.0% |
| Trade receivables | 40 | €11,502 | €8,458 | -€3,044 | -26.5% |
| Other amounts receivable | 41 | €1,847 | €2,494 | +€646 | +35.0% |
| Cash at bank and in hand | 54/58 | - | €1,761 | +€1,761 | |
| Total equity and liabilities | 10/49 | €46,051 | €48,010 | +€1,959 | +4.3% |
| Equity | 10/15 | -€144,994 | -€139,872 | +€5,122 | +3.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €18,718 | €18,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,718 | €18,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,718 | €18,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,713 | -€183,591 | +€5,122 | +2.7% |
| Amounts payable | 17/49 | €191,045 | €187,883 | -€3,163 | -1.7% |
| Amounts payable after more than one year | 17 | €115,418 | €97,270 | -€18,148 | -15.7% |
| Financial debts | 170/4 | €115,418 | €97,270 | -€18,148 | -15.7% |
| Amounts payable within one year | 42/48 | €75,628 | €90,613 | +€14,985 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,148 | +€18,148 | |
| Financial debts | 43 | €42,620 | €46,717 | +€4,097 | +9.6% |
| Credit institutions | 430/8 | €42,620 | €46,717 | +€4,097 | +9.6% |
| Trade debts | 44 | €9,672 | €3,422 | -€6,249 | -64.6% |
| Suppliers | 440/4 | €9,672 | €3,422 | -€6,249 | -64.6% |
| Taxes, remuneration and social security | 45 | €3,625 | €12,799 | +€9,174 | +253.0% |
| Taxes | 450/3 | €3,625 | €12,799 | +€9,174 | +253.0% |
| Other amounts payable | 47/48 | €19,710 | €9,526 | -€10,184 | -51.7% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,319 | €1,414 | -€2,905 | -67.3% |
| Gross operating margin | 9900 | €10,345 | €41,563 | +€31,218 | +301.8% |
| Operating profit (loss) | 9901 | €6,025 | €40,149 | +€34,123 | +566.3% |
| Financial income | 75/76B | €22 | €125 | +€103 | +473.4% |
| Recurring financial income | 75 | €22 | €125 | +€103 | +473.4% |
| Financial charges | 65/66B | €18,981 | €35,152 | +€16,170 | +85.2% |
| Recurring financial charges | 65 | €18,981 | €35,152 | +€16,170 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,934 | €5,122 | +€18,056 | |
| Profit (loss) for the period | 9904 | -€12,934 | €5,122 | +€18,056 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,934 | €5,122 | +€18,056 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.