FAROC: 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.
FAROC
Largest movements
- Cash -€30,736
down €30,736 (-78.9%), from €38,931 to €8,196
mainly Trade debts (-€50,142) and Net result for the year (-€22,780)
- Tangible fixed assets -€9,251
down €9,251 (-43.2%), from €21,390 to €12,140
of which Furniture and vehicles: -€9,201
- Receivables within one year -€3,736
down €3,736 (-5.7%), from €65,284 to €61,548
of which Trade receivables: -€9,511
- Trade debts -€50,142
down €50,142 (-86.4%), from €58,016 to €7,875
- Other debts +€27,874
up €27,874 (+169%), from €16,472 to €44,347
- Profit (loss) carried forward -€22,780
down €22,780 (-39.2%), from €58,161 to €35,381
- Debts after one year -€5,909
down €5,909 (-41.7%), from €14,167 to €8,259
- Current portion of long-term debt +€5,432
up €5,432 (+97.9%), from €5,550 to €10,982
- Gross operating margin -€30,610
down €30,610, from €20,924 to -€9,686
- Taxes -€4,184
down €4,184 (-94.9%), from €4,408 to €224
- Depreciation +€2,786
up €2,786 (+43.1%), from €6,464 to €9,251
- Write-downs -€1,386
no longer reported in 2025 (was €1,386)
- Other operating charges +€503
up €503 (+26.6%), from €1,891 to €2,394
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.
Derived cash bridge
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 | €178,132 | €135,493 | -€42,638 | -23.9% |
| Fixed assets | 21/28 | €21,390 | €12,140 | -€9,251 | -43.2% |
| Tangible fixed assets | 22/27 | €21,390 | €12,140 | -€9,251 | -43.2% |
| Furniture and vehicles | 24 | €21,340 | €12,140 | -€9,201 | -43.1% |
| Other tangible fixed assets | 26 | €50 | - | -€50 | |
| Current assets | 29/58 | €156,741 | €123,354 | -€33,388 | -21.3% |
| Stocks and contracts in progress | 3 | €51,477 | €51,477 | = | 0.0% |
| Stocks | 30/36 | €51,477 | €51,477 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,284 | €61,548 | -€3,736 | -5.7% |
| Trade receivables | 40 | €60,284 | €50,772 | -€9,511 | -15.8% |
| Other amounts receivable | 41 | €5,000 | €10,776 | +€5,776 | +116% |
| Cash at bank and in hand | 54/58 | €38,931 | €8,196 | -€30,736 | -78.9% |
| Deferred charges and accrued income | 490/1 | €1,050 | €2,133 | +€1,083 | +103% |
| Total equity and liabilities | 10/49 | €178,132 | €135,493 | -€42,638 | -23.9% |
| Equity | 10/15 | €78,621 | €55,841 | -€22,780 | -29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,161 | €35,381 | -€22,780 | -39.2% |
| Amounts payable | 17/49 | €99,511 | €79,652 | -€19,858 | -20.0% |
| Amounts payable after more than one year | 17 | €14,167 | €8,259 | -€5,909 | -41.7% |
| Financial debts | 170/4 | €14,167 | €8,259 | -€5,909 | -41.7% |
| Amounts payable within one year | 42/48 | €85,343 | €71,394 | -€13,950 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €5,550 | €10,982 | +€5,432 | +97.9% |
| Trade debts | 44 | €58,016 | €7,875 | -€50,142 | -86.4% |
| Suppliers | 440/4 | €58,016 | €7,875 | -€50,142 | -86.4% |
| Taxes, remuneration and social security | 45 | €5,305 | €8,190 | +€2,885 | +54.4% |
| Taxes | 450/3 | €5,305 | €6,790 | +€1,485 | +28.0% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €16,472 | €44,347 | +€27,874 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,464 | €9,251 | +€2,786 | +43.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,386 | - | -€1,386 | |
| Other operating charges | 640/8 | €1,891 | €2,394 | +€503 | +26.6% |
| Gross operating margin | 9900 | €20,924 | -€9,686 | -€30,610 | |
| Operating profit (loss) | 9901 | €11,183 | -€21,331 | -€32,513 | |
| Financial charges | 65/66B | €800 | €1,225 | +€425 | +53.2% |
| Recurring financial charges | 65 | €800 | €1,225 | +€425 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €10,383 | -€22,556 | -€32,939 | |
| Income taxes | 67/77 | €4,408 | €224 | -€4,184 | -94.9% |
| Profit (loss) for the period | 9904 | €5,975 | -€22,780 | -€28,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,975 | -€22,780 | -€28,755 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.