FAROS: 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.
What changed
FAROS
NACE 62.100, Computer programming
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€538,933
2024 · €751,049-€212,116
Equity
€2.5m
2024 · €2.4m+€122,433
Cash
€19,347
2024 · €11,061+€8,286
Balance sheet total
€3.6m
2024 · €3.7m-€124,296
Largest movements
Assets
- Receivables within one year -€107,962
down €107,962 (-3.0%), from €3.6m to €3.5m
of which Trade receivables: -€105,152
Equity and liabilities
- Other debts -€163,700
down €163,700 (-28.2%), from €580,200 to €416,500
- Reserves +€122,000
up €122,000 (+5.2%), from €2.4m to €2.5m
of which Distributable reserves: +€122,000
- Tax, wage and social debts -€89,479
down €89,479 (-18.2%), from €492,440 to €402,961
of which Remuneration and social security: -€60,782
Income statement
- Turnover -€711,122
down €711,122 (-13.0%), from €5.5m to €4.8m
- Gross operating margin -€683,697
down €683,697 (-15.2%), from €4.5m to €3.8m
- Staff costs -€416,277
down €416,277 (-12.1%), from €3.4m to €3.0m
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.
Result 2024
€751,049
Gross operating margin
-€683,697
Staff costs
+€416,277
Depreciation
+€4,691
Write-downs
-€14,413
Other operating charges
+€5,073
Other operating items
+€43,791
Financial income
-€8,465
Financial charges
-€3,994
Taxes
+€28,621
Result 2025
€538,933
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.
From operations
+€435,447
Investment
-€10,661
Financing
-€416,500
Cash 2024
€11,061
From operations (derived)
+€435,447
Net result for the year
+€538,933
Depreciation
+€20,240
Receivables within one year
+€107,962
Deferred charges and accrued income
+€15,041
Provisions
+€14,413
Trade debts
-€7,963
Tax, wage and social debts
-€89,479
Other debts
-€163,700
Investment (derived)
-€10,661
Investment in fixed assets (net)
-€10,661
Financing
-€416,500
Contributions, distributions and other
-€416,500
Cash 2025
€19,347
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,690,415 | €3,566,118 | -€124,296 | -3.4% |
| Fixed assets | 21/28 | €42,743 | €33,164 | -€9,580 | -22.4% |
| Tangible fixed assets | 22/27 | €42,243 | €33,164 | -€9,080 | -21.5% |
| Plant, machinery and equipment | 23 | €42,243 | €33,164 | -€9,080 | -21.5% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €3,647,671 | €3,532,955 | -€114,716 | -3.1% |
| Amounts receivable within one year | 40/41 | €3,592,976 | €3,485,014 | -€107,962 | -3.0% |
| Trade receivables | 40 | €813,857 | €708,706 | -€105,152 | -12.9% |
| Other amounts receivable | 41 | €2,779,118 | €2,776,308 | -€2,810 | -0.1% |
| Cash at bank and in hand | 54/58 | €11,061 | €19,347 | +€8,286 | +74.9% |
| Deferred charges and accrued income | 490/1 | €43,635 | €28,593 | -€15,041 | -34.5% |
| Total equity and liabilities | 10/49 | €3,690,415 | €3,566,118 | -€124,296 | -3.4% |
| Equity | 10/15 | €2,418,810 | €2,541,243 | +€122,433 | +5.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,355,200 | €2,477,200 | +€122,000 | +5.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €2,222,700 | €2,344,700 | +€122,000 | +5.5% |
| Profit (loss) carried forward | 14 | €1,610 | €2,043 | +€433 | +26.9% |
| Provisions and deferred taxes | 16 | - | €14,413 | +€14,413 | |
| Provisions for liabilities and charges | 160/5 | - | €14,413 | +€14,413 | |
| Pensions and similar obligations | 160 | - | €14,413 | +€14,413 | |
| Amounts payable | 17/49 | €1,271,604 | €1,010,462 | -€261,142 | -20.5% |
| Amounts payable within one year | 42/48 | €1,271,604 | €1,010,462 | -€261,142 | -20.5% |
| Trade debts | 44 | €198,964 | €191,001 | -€7,963 | -4.0% |
| Suppliers | 440/4 | €198,964 | €191,001 | -€7,963 | -4.0% |
| Taxes, remuneration and social security | 45 | €492,440 | €402,961 | -€89,479 | -18.2% |
| Taxes | 450/3 | €90,422 | €61,725 | -€28,697 | -31.7% |
| Remuneration and social security | 454/9 | €402,018 | €341,236 | -€60,782 | -15.1% |
| Other amounts payable | 47/48 | €580,200 | €416,500 | -€163,700 | -28.2% |
| Turnover | 70 | €5,480,126 | €4,769,004 | -€711,122 | -13.0% |
| Non-recurring operating income | 76A | - | €799 | +€799 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,171,936 | €1,118,052 | -€53,884 | -4.6% |
| Remuneration, social security and pensions | 62 | €3,433,099 | €3,016,822 | -€416,277 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,932 | €20,240 | -€4,691 | -18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €14,413 | +€14,413 | |
| Other operating charges | 640/8 | €16,705 | €11,633 | -€5,073 | -30.4% |
| Non-recurring operating charges | 66A | €230,140 | €186,350 | -€43,791 | -19.0% |
| Gross operating margin | 9900 | €4,500,373 | €3,816,676 | -€683,697 | -15.2% |
| Operating profit (loss) | 9901 | €795,498 | €567,219 | -€228,279 | -28.7% |
| Financial income | 75/76B | €70,327 | €61,862 | -€8,465 | -12.0% |
| Recurring financial income | 75 | €70,000 | €61,862 | -€8,138 | -11.6% |
| Non-recurring financial income | 76B | €327 | - | -€327 | |
| Financial charges | 65/66B | €68,615 | €72,608 | +€3,994 | +5.8% |
| Recurring financial charges | 65 | €68,615 | €72,608 | +€3,994 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €797,210 | €556,473 | -€240,737 | -30.2% |
| Income taxes | 67/77 | €46,161 | €17,540 | -€28,621 | -62.0% |
| Profit (loss) for the period | 9904 | €751,049 | €538,933 | -€212,116 | -28.2% |
| Transfer from tax-exempt reserves | 789 | €294,700 | - | -€294,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,045,749 | €538,933 | -€506,816 | -48.5% |
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 9 October 2026 via checked.be.