FARHAT GR.: 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.
FARHAT GR.
Largest movements
- Cash +€50,889
up €50,889 (+190.0%), from €26,778 to €77,668
mainly Net result for the year (+€51,391) and Tax, wage and social debts (+€43,859)
- Receivables within one year +€12,686
up €12,686 (+107.3%), from €11,824 to €24,510
of which Other amounts receivable: +€7,259
- Tangible fixed assets -€2,106
down €2,106 (-53.4%), from €3,945 to €1,839
of which Furniture and vehicles: -€1,446
- Deferred charges and accrued income -€1,770
no longer reported in 2024 (was €1,770)
- Profit (loss) carried forward +€51,391
up €51,391, from -€39,357 to €12,034
- Tax, wage and social debts +€43,859
up €43,859 (+215.7%), from €20,333 to €64,192
of which Taxes: +€43,859
- Trade debts -€18,593
down €18,593 (-43.6%), from €42,631 to €24,037
- Accrued charges and deferred income -€15,089
no longer reported in 2024 (was €15,089)
- Other debts -€1,989
down €1,989 (-61.9%), from €3,211 to €1,222
- Gross operating margin +€53,646
up €53,646 (+105.7%), from €50,756 to €104,401
- Staff costs -€46,032
down €46,032 (-54.8%), from €83,986 to €37,953
- Other operating charges +€8,514
up €8,514 (+262.1%), from €3,249 to €11,763
- Taxes +€3,551
new in 2024: €3,551
- Financial income +€2,532
new in 2024: €2,532
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 | €56,167 | €115,606 | +€59,440 | +105.8% |
| Fixed assets | 21/28 | €3,945 | €1,839 | -€2,106 | -53.4% |
| Tangible fixed assets | 22/27 | €3,945 | €1,839 | -€2,106 | -53.4% |
| Plant, machinery and equipment | 23 | €1,595 | €935 | -€660 | -41.4% |
| Furniture and vehicles | 24 | €2,350 | €904 | -€1,446 | -61.5% |
| Current assets | 29/58 | €52,222 | €113,768 | +€61,546 | +117.9% |
| Stocks and contracts in progress | 3 | €11,850 | €11,590 | -€260 | -2.2% |
| Stocks | 30/36 | €11,850 | €11,590 | -€260 | -2.2% |
| Amounts receivable within one year | 40/41 | €11,824 | €24,510 | +€12,686 | +107.3% |
| Trade receivables | 40 | €11,824 | €17,251 | +€5,427 | +45.9% |
| Other amounts receivable | 41 | - | €7,259 | +€7,259 | |
| Cash at bank and in hand | 54/58 | €26,778 | €77,668 | +€50,889 | +190.0% |
| Deferred charges and accrued income | 490/1 | €1,770 | - | -€1,770 | |
| Total equity and liabilities | 10/49 | €56,167 | €115,606 | +€59,440 | +105.8% |
| Equity | 10/15 | -€25,097 | €26,155 | +€51,252 | |
| Contributions | 10/11 | €12,400 | €14,121 | +€1,721 | +13.9% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€39,357 | €12,034 | +€51,391 | |
| Amounts payable | 17/49 | €81,264 | €89,451 | +€8,188 | +10.1% |
| Amounts payable within one year | 42/48 | €66,175 | €89,451 | +€23,277 | +35.2% |
| Trade debts | 44 | €42,631 | €24,037 | -€18,593 | -43.6% |
| Suppliers | 440/4 | €42,631 | €24,037 | -€18,593 | -43.6% |
| Taxes, remuneration and social security | 45 | €20,333 | €64,192 | +€43,859 | +215.7% |
| Taxes | 450/3 | €10,231 | €54,090 | +€43,859 | +428.7% |
| Remuneration and social security | 454/9 | €10,102 | €10,102 | = | 0.0% |
| Other amounts payable | 47/48 | €3,211 | €1,222 | -€1,989 | -61.9% |
| Accrued charges and deferred income | 492/3 | €15,089 | - | -€15,089 | |
| Remuneration, social security and pensions | 62 | €83,986 | €37,953 | -€46,032 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,950 | €2,106 | -€844 | -28.6% |
| Other operating charges | 640/8 | €3,249 | €11,763 | +€8,514 | +262.1% |
| Gross operating margin | 9900 | €50,756 | €104,401 | +€53,646 | +105.7% |
| Operating profit (loss) | 9901 | -€39,429 | €52,579 | +€92,008 | |
| Financial income | 75/76B | - | €2,532 | +€2,532 | |
| Recurring financial income | 75 | - | €2,532 | +€2,532 | |
| Financial charges | 65/66B | €63 | €169 | +€106 | +168.0% |
| Recurring financial charges | 65 | €63 | €169 | +€106 | +168.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,492 | €54,942 | +€94,434 | |
| Income taxes | 67/77 | - | €3,551 | +€3,551 | |
| Profit (loss) for the period | 9904 | -€39,492 | €51,391 | +€90,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,492 | €51,391 | +€90,883 |
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 1 October 2026 via checked.be.