Faros - competition & data protection: what changed
What changed
Faros - competition & data protection
NACE 69.101, Activities of lawyers
filed annual accounts (NBB)
Net result for the year
€980,636
2024 · €866,185+€114,451
Equity
€433,077
2024 · €432,441+€636
Cash
€732,927
2024 · €632,461+€100,466
Balance sheet total
€2.1m
2024 · €1.6m+€503,816
Largest movements
Assets
- Receivables within one year +€380,757
up €380,757 (+42.8%), from €889,318 to €1.3m
of which Trade receivables: +€470,889
- Cash +€100,466
up €100,466 (+15.9%), from €632,461 to €732,927
mainly Net result for the year (+€980,636) and Trade debts (+€449,512)
Equity and liabilities
- Trade debts +€449,512
up €449,512 (+583%), from €77,067 to €526,579
- Other debts +€129,500
up €129,500 (+15.2%), from €850,500 to €980,000
- Tax, wage and social debts -€109,327
down €109,327 (-72.4%), from €150,985 to €41,657
of which Taxes: -€111,673
Income statement
- Gross operating margin +€197,769
up €197,769 (+17.6%), from €1.1m to €1.3m
- Staff costs +€98,529
up €98,529 (+45.1%), from €218,684 to €317,212
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€866,185
Gross operating margin
+€197,769
Staff costs
-€98,529
Depreciation
+€4,225
Other operating charges
-€611
Financial income
+€7,737
Financial charges
+€143
Taxes
+€3,716
Result 2025
€980,636
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€38,243
Financing
-€959,873
Cash 2024
€632,461
From operations (derived)
+€1.1m
Net result for the year
+€980,636
Depreciation
+€24,320
Receivables within one year
-€380,757
Deferred charges and accrued income
-€8,670
Trade debts
+€449,512
Tax, wage and social debts
-€109,327
Other debts
+€129,500
Accrued charges and deferred income
+€13,368
Investment (derived)
-€38,243
Investment in fixed assets (net)
-€38,243
Financing
-€959,873
Debts after one year
+€7,894
Current portion of long-term debt
+€10,207
Short-term financial debts
+€2,027
Contributions, distributions and other
-€980,000
Cash 2025
€732,927
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,596,705 | €2,100,520 | +€503,816 | +31.6% |
| Fixed assets | 21/28 | €43,123 | €57,046 | +€13,923 | +32.3% |
| Tangible fixed assets | 22/27 | €43,123 | €57,046 | +€13,923 | +32.3% |
| Land and buildings | 22 | €3,130 | €7,546 | +€4,416 | +141% |
| Plant, machinery and equipment | 23 | €1,068 | €929 | -€139 | -13.0% |
| Furniture and vehicles | 24 | €38,925 | €48,570 | +€9,646 | +24.8% |
| Current assets | 29/58 | €1,553,582 | €2,043,474 | +€489,893 | +31.5% |
| Amounts receivable within one year | 40/41 | €889,318 | €1,270,075 | +€380,757 | +42.8% |
| Trade receivables | 40 | €795,694 | €1,266,584 | +€470,889 | +59.2% |
| Other amounts receivable | 41 | €93,624 | €3,492 | -€90,133 | -96.3% |
| Cash at bank and in hand | 54/58 | €632,461 | €732,927 | +€100,466 | +15.9% |
| Deferred charges and accrued income | 490/1 | €31,802 | €40,472 | +€8,670 | +27.3% |
| Total equity and liabilities | 10/49 | €1,596,705 | €2,100,520 | +€503,816 | +31.6% |
| Equity | 10/15 | €432,441 | €433,077 | +€636 | +0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,441 | €333,077 | +€636 | +0.2% |
| Amounts payable | 17/49 | €1,164,263 | €1,667,443 | +€503,180 | +43.2% |
| Amounts payable after more than one year | 17 | €56,000 | €63,894 | +€7,894 | +14.1% |
| Financial debts | 170/4 | €56,000 | €63,894 | +€7,894 | +14.1% |
| Amounts payable within one year | 42/48 | €1,108,263 | €1,590,182 | +€481,918 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €29,562 | €39,768 | +€10,207 | +34.5% |
| Financial debts | 43 | €150 | €2,177 | +€2,027 | +1,353% |
| Credit institutions | 430/8 | €150 | €2,177 | +€2,027 | +1,353% |
| Trade debts | 44 | €77,067 | €526,579 | +€449,512 | +583% |
| Suppliers | 440/4 | €77,067 | €526,579 | +€449,512 | +583% |
| Taxes, remuneration and social security | 45 | €150,985 | €41,657 | -€109,327 | -72.4% |
| Taxes | 450/3 | €121,391 | €9,718 | -€111,673 | -92.0% |
| Remuneration and social security | 454/9 | €29,594 | €31,940 | +€2,346 | +7.9% |
| Other amounts payable | 47/48 | €850,500 | €980,000 | +€129,500 | +15.2% |
| Accrued charges and deferred income | 492/3 | - | €13,368 | +€13,368 | |
| Remuneration, social security and pensions | 62 | €218,684 | €317,212 | +€98,529 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,545 | €24,320 | -€4,225 | -14.8% |
| Other operating charges | 640/8 | €882 | €1,493 | +€611 | +69.3% |
| Gross operating margin | 9900 | €1,122,948 | €1,320,717 | +€197,769 | +17.6% |
| Operating profit (loss) | 9901 | €874,837 | €977,691 | +€102,855 | +11.8% |
| Financial income | 75/76B | €5,350 | €13,087 | +€7,737 | +145% |
| Recurring financial income | 75 | €5,350 | €13,087 | +€7,737 | +145% |
| Financial charges | 65/66B | €2,687 | €2,544 | -€143 | -5.3% |
| Recurring financial charges | 65 | €2,687 | €2,544 | -€143 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €877,499 | €988,234 | +€110,735 | +12.6% |
| Income taxes | 67/77 | €11,314 | €7,598 | -€3,716 | -32.8% |
| Profit (loss) for the period | 9904 | €866,185 | €980,636 | +€114,451 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €866,185 | €980,636 | +€114,451 | +13.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.