FARO: 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.
FARO
Largest movements
- Tangible fixed assets -€54,998
down €54,998 (-4.0%), from €1.4m to €1.3m
of which Land and buildings: -€54,998
- Receivables within one year -€27,084
down €27,084 (-30.0%), from €90,289 to €63,205
of which Trade receivables: -€27,084
- Debts after one year -€91,106
down €91,106 (-19.0%), from €480,466 to €389,360
of which Other amounts payable: -€150,000
- Current portion of long-term debt +€24,658
up €24,658 (+38.5%), from €64,017 to €88,675
- Gross operating margin -€34,373
down €34,373 (-27.1%), from €126,638 to €92,265
- Staff costs -€17,904
down €17,904 (-58.1%), from €30,830 to €12,926
- Depreciation -€7,445
down €7,445 (-11.9%), from €62,443 to €54,998
- Financial charges +€2,438
up €2,438 (+21.4%), from €11,418 to €13,856
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 | €1,472,020 | €1,398,320 | -€73,700 | -5.0% |
| Fixed assets | 21/28 | €1,363,410 | €1,308,412 | -€54,998 | -4.0% |
| Tangible fixed assets | 22/27 | €1,363,260 | €1,308,262 | -€54,998 | -4.0% |
| Land and buildings | 22 | €1,331,238 | €1,276,240 | -€54,998 | -4.1% |
| Plant, machinery and equipment | 23 | €32,022 | €32,022 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €108,610 | €89,908 | -€18,702 | -17.2% |
| Amounts receivable within one year | 40/41 | €90,289 | €63,205 | -€27,084 | -30.0% |
| Trade receivables | 40 | €85,289 | €58,205 | -€27,084 | -31.8% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,139 | €1,063 | -€76 | -6.7% |
| Deferred charges and accrued income | 490/1 | €17,182 | €25,640 | +€8,458 | +49.2% |
| Total equity and liabilities | 10/49 | €1,472,020 | €1,398,320 | -€73,700 | -5.0% |
| Equity | 10/15 | €805,737 | €806,050 | +€313 | 0.0% |
| Contributions | 10/11 | €411,973 | €411,973 | = | 0.0% |
| Capital | 10 | €411,973 | €411,973 | = | 0.0% |
| Issued capital | 100 | €411,973 | €411,973 | = | 0.0% |
| Reserves | 13 | €337,518 | €337,518 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,120 | €4,120 | = | 0.0% |
| Legal reserve | 130 | €4,120 | €4,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €333,398 | €333,398 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,246 | €56,559 | +€313 | +0.6% |
| Provisions and deferred taxes | 16 | €83,350 | €83,350 | = | 0.0% |
| Deferred taxes | 168 | €83,350 | €83,350 | = | 0.0% |
| Amounts payable | 17/49 | €582,933 | €508,920 | -€74,013 | -12.7% |
| Amounts payable after more than one year | 17 | €480,466 | €389,360 | -€91,106 | -19.0% |
| Financial debts | 170/4 | €330,466 | €389,360 | +€58,894 | +17.8% |
| Other amounts payable | 178/9 | €150,000 | - | -€150,000 | |
| Amounts payable within one year | 42/48 | €100,187 | €119,560 | +€19,373 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €64,017 | €88,675 | +€24,658 | +38.5% |
| Trade debts | 44 | €25,293 | €27,920 | +€2,627 | +10.4% |
| Suppliers | 440/4 | €25,293 | €27,920 | +€2,627 | +10.4% |
| Taxes, remuneration and social security | 45 | €6,377 | €2,965 | -€3,412 | -53.5% |
| Taxes | 450/3 | €817 | €1,127 | +€310 | +37.9% |
| Remuneration and social security | 454/9 | €5,560 | €1,838 | -€3,722 | -66.9% |
| Other amounts payable | 47/48 | €4,500 | - | -€4,500 | |
| Accrued charges and deferred income | 492/3 | €2,280 | - | -€2,280 | |
| Remuneration, social security and pensions | 62 | €30,830 | €12,926 | -€17,904 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,443 | €54,998 | -€7,445 | -11.9% |
| Other operating charges | 640/8 | €9,862 | €10,172 | +€310 | +3.1% |
| Gross operating margin | 9900 | €126,638 | €92,265 | -€34,373 | -27.1% |
| Operating profit (loss) | 9901 | €23,503 | €14,169 | -€9,334 | -39.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €11,418 | €13,856 | +€2,438 | +21.4% |
| Recurring financial charges | 65 | €11,418 | €13,856 | +€2,438 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €12,095 | €313 | -€11,782 | -97.4% |
| Profit (loss) for the period | 9904 | €12,095 | €313 | -€11,782 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,095 | €313 | -€11,782 | -97.4% |
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 1 October 2026 via checked.be.