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.
FAROS
Largest movements
- Receivables within one year +€83,660
up €83,660 (+25.0%), from €334,376 to €418,036
of which Trade receivables: +€99,003
- Cash +€62,584
up €62,584 (+55.5%), from €112,836 to €175,420
mainly Trade debts (+€128,396) and Tax, wage and social debts (+€17,461)
- Trade debts +€128,396
up €128,396 (+38.0%), from €337,674 to €466,070
- Tax, wage and social debts +€17,461
up €17,461 (+108.3%), from €16,118 to €33,579
of which Taxes: +€20,245
- Gross operating margin -€18,560
down €18,560 (-13.8%), from €134,509 to €115,949
- Taxes -€5,125
down €5,125 (-84.3%), from €6,078 to €953
- Staff costs +€3,197
up €3,197 (+2.9%), from €110,418 to €113,615
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 | €481,207 | €627,925 | +€146,718 | +30.5% |
| Current assets | 29/58 | €481,207 | €627,925 | +€146,718 | +30.5% |
| Amounts receivable within one year | 40/41 | €334,376 | €418,036 | +€83,660 | +25.0% |
| Trade receivables | 40 | €310,824 | €409,827 | +€99,003 | +31.9% |
| Other amounts receivable | 41 | €23,552 | €8,209 | -€15,343 | -65.1% |
| Current investments | 50/53 | €32,141 | €32,141 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,836 | €175,420 | +€62,584 | +55.5% |
| Deferred charges and accrued income | 490/1 | €1,854 | €2,328 | +€475 | +25.6% |
| Total equity and liabilities | 10/49 | €481,207 | €627,925 | +€146,718 | +30.5% |
| Equity | 10/15 | €127,415 | €128,276 | +€861 | +0.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,415 | €18,276 | +€861 | +4.9% |
| Amounts payable | 17/49 | €353,792 | €499,649 | +€145,857 | +41.2% |
| Amounts payable within one year | 42/48 | €353,792 | €499,649 | +€145,857 | +41.2% |
| Trade debts | 44 | €337,674 | €466,070 | +€128,396 | +38.0% |
| Suppliers | 440/4 | €337,674 | €466,070 | +€128,396 | +38.0% |
| Taxes, remuneration and social security | 45 | €16,118 | €33,579 | +€17,461 | +108.3% |
| Taxes | 450/3 | - | €20,245 | +€20,245 | |
| Remuneration and social security | 454/9 | €16,118 | €13,335 | -€2,783 | -17.3% |
| Remuneration, social security and pensions | 62 | €110,418 | €113,615 | +€3,197 | +2.9% |
| Other operating charges | 640/8 | €1,220 | €940 | -€280 | -23.0% |
| Gross operating margin | 9900 | €134,509 | €115,949 | -€18,560 | -13.8% |
| Operating profit (loss) | 9901 | €22,871 | €1,395 | -€21,477 | -93.9% |
| Financial income | 75/76B | €181 | €526 | +€345 | +190.8% |
| Recurring financial income | 75 | €181 | €526 | +€345 | +190.8% |
| Financial charges | 65/66B | €257 | €107 | -€150 | -58.4% |
| Recurring financial charges | 65 | €257 | €107 | -€150 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €22,795 | €1,814 | -€20,981 | -92.0% |
| Income taxes | 67/77 | €6,078 | €953 | -€5,125 | -84.3% |
| Profit (loss) for the period | 9904 | €16,717 | €861 | -€15,856 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,717 | €861 | -€15,856 | -94.8% |
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 11 October 2026 via checked.be.