FAROL: 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.
FAROL
Largest movements
- Cash -€37,695
down €37,695 (-73.8%), from €51,096 to €13,401
mainly Other debts (-€39,991) and Contributions, distributions and other (-€38,895)
- Receivables within one year +€11,868
up €11,868 (+30.1%), from €39,381 to €51,248
of which Trade receivables: +€10,765
- Receivables after one year -€4,387
down €4,387 (-100.0%), from €4,387 to €0
- Tangible fixed assets +€1,214
up €1,214 (+17.4%), from €6,959 to €8,173
of which Furniture and vehicles: +€1,502
- Other debts -€39,991
down €39,991 (-100.0%), from €39,991 to €0
- Tax, wage and social debts +€10,505
up €10,505 (+77.7%), from €13,527 to €24,032
- Profit (loss) carried forward +€7,885
up €7,885 (+20.3%), from €38,895 to €46,780
- Trade debts -€7,304
down €7,304 (-79.0%), from €9,248 to €1,944
- Gross operating margin +€50,532
up €50,532 (+428.1%), from €11,804 to €62,336
- Taxes +€10,198
up €10,198 (+322.7%), from €3,160 to €13,358
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 | €105,161 | €76,255 | -€28,906 | -27.5% |
| Fixed assets | 21/28 | €6,959 | €8,173 | +€1,214 | +17.4% |
| Tangible fixed assets | 22/27 | €6,959 | €8,173 | +€1,214 | +17.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,837 | €6,339 | +€1,502 | +31.0% |
| Other tangible fixed assets | 26 | €2,122 | €1,834 | -€288 | -13.6% |
| Current assets | 29/58 | €98,202 | €68,083 | -€30,120 | -30.7% |
| Amounts receivable after more than one year | 29 | €4,387 | €0 | -€4,387 | -100.0% |
| Other amounts receivable | 291 | €4,387 | €0 | -€4,387 | -100.0% |
| Amounts receivable within one year | 40/41 | €39,381 | €51,248 | +€11,868 | +30.1% |
| Trade receivables | 40 | €24,781 | €35,545 | +€10,765 | +43.4% |
| Other amounts receivable | 41 | €14,600 | €15,703 | +€1,103 | +7.6% |
| Cash at bank and in hand | 54/58 | €51,096 | €13,401 | -€37,695 | -73.8% |
| Deferred charges and accrued income | 490/1 | €3,338 | €3,433 | +€95 | +2.8% |
| Total equity and liabilities | 10/49 | €105,161 | €76,255 | -€28,906 | -27.5% |
| Equity | 10/15 | €41,395 | €49,280 | +€7,885 | +19.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,895 | €46,780 | +€7,885 | +20.3% |
| Amounts payable | 17/49 | €63,766 | €26,976 | -€36,791 | -57.7% |
| Amounts payable within one year | 42/48 | €62,766 | €25,976 | -€36,791 | -58.6% |
| Trade debts | 44 | €9,248 | €1,944 | -€7,304 | -79.0% |
| Suppliers | 440/4 | €9,248 | €1,944 | -€7,304 | -79.0% |
| Taxes, remuneration and social security | 45 | €13,527 | €24,032 | +€10,505 | +77.7% |
| Taxes | 450/3 | €13,527 | €24,032 | +€10,505 | +77.7% |
| Other amounts payable | 47/48 | €39,991 | €0 | -€39,991 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,316 | €2,055 | -€262 | -11.3% |
| Other operating charges | 640/8 | €679 | €701 | +€22 | +3.3% |
| Gross operating margin | 9900 | €11,804 | €62,336 | +€50,532 | +428.1% |
| Operating profit (loss) | 9901 | €8,809 | €59,580 | +€50,771 | +576.4% |
| Financial income | 75/76B | €571 | €604 | +€33 | +5.8% |
| Recurring financial income | 75 | €571 | €604 | +€33 | +5.8% |
| Financial charges | 65/66B | €44 | €46 | +€2 | +4.8% |
| Recurring financial charges | 65 | €44 | €46 | +€2 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €9,335 | €60,138 | +€50,802 | +544.2% |
| Income taxes | 67/77 | €3,160 | €13,358 | +€10,198 | +322.7% |
| Profit (loss) for the period | 9904 | €6,175 | €46,780 | +€40,605 | +657.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,175 | €46,780 | +€40,605 | +657.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.