FAROSA BEHEER: 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.
FAROSA BEHEER
Largest movements
- Tangible fixed assets +€634,991
up €634,991 (+1,315%), from €48,302 to €683,293
of which Land and buildings: +€646,759
- Current investments -€45,000
down €45,000 (-47.4%), from €95,000 to €50,000
- Debts after one year +€409,423
up €409,423 (+1,182%), from €34,646 to €444,069
- Reserves +€173,000
up €173,000 (+106%), from €162,717 to €335,717
- Current portion of long-term debt +€22,936
up €22,936 (+224%), from €10,225 to €33,160
- Tax, wage and social debts -€10,379
down €10,379 (-35.3%), from €29,408 to €19,029
- Financial income +€48,588
up €48,588 (+91.8%), from €52,903 to €101,491
- Gross operating margin +€33,110
up €33,110 (+38.9%), from €85,182 to €118,292
- Financial charges +€7,273
up €7,273 (+458%), from €1,589 to €8,863
- Depreciation +€7,271
up €7,271 (+73.0%), from €9,963 to €17,235
- Taxes +€3,271
up €3,271 (+20.2%), from €16,185 to €19,456
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 | €247,725 | €838,668 | +€590,942 | +239% |
| Fixed assets | 21/28 | €52,802 | €687,793 | +€634,991 | +1,203% |
| Tangible fixed assets | 22/27 | €48,302 | €683,293 | +€634,991 | +1,315% |
| Land and buildings | 22 | - | €646,759 | +€646,759 | |
| Furniture and vehicles | 24 | €48,302 | €36,534 | -€11,769 | -24.4% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €194,923 | €150,875 | -€44,048 | -22.6% |
| Amounts receivable within one year | 40/41 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 41 | €45,000 | €45,000 | = | 0.0% |
| Current investments | 50/53 | €95,000 | €50,000 | -€45,000 | -47.4% |
| Cash at bank and in hand | 54/58 | €53,479 | €55,348 | +€1,869 | +3.5% |
| Deferred charges and accrued income | 490/1 | €1,444 | €527 | -€917 | -63.5% |
| Total equity and liabilities | 10/49 | €247,725 | €838,668 | +€590,942 | +239% |
| Equity | 10/15 | €165,217 | €338,217 | +€173,000 | +105% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €162,717 | €335,717 | +€173,000 | +106% |
| Distributable reserves | 133 | €162,717 | €335,717 | +€173,000 | +106% |
| Amounts payable | 17/49 | €82,509 | €500,451 | +€417,942 | +507% |
| Amounts payable after more than one year | 17 | €34,646 | €444,069 | +€409,423 | +1,182% |
| Financial debts | 170/4 | €34,646 | €444,069 | +€409,423 | +1,182% |
| Amounts payable within one year | 42/48 | €47,647 | €56,381 | +€8,735 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €10,225 | €33,160 | +€22,936 | +224% |
| Trade debts | 44 | €1,706 | €3,103 | +€1,397 | +81.9% |
| Suppliers | 440/4 | €1,706 | €3,103 | +€1,397 | +81.9% |
| Taxes, remuneration and social security | 45 | €29,408 | €19,029 | -€10,379 | -35.3% |
| Taxes | 450/3 | €29,408 | €19,029 | -€10,379 | -35.3% |
| Other amounts payable | 47/48 | €6,308 | €1,089 | -€5,219 | -82.7% |
| Accrued charges and deferred income | 492/3 | €216 | €0 | -€216 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,963 | €17,235 | +€7,271 | +73.0% |
| Other operating charges | 640/8 | €530 | €1,230 | +€700 | +132% |
| Gross operating margin | 9900 | €85,182 | €118,292 | +€33,110 | +38.9% |
| Operating profit (loss) | 9901 | €74,689 | €99,828 | +€25,139 | +33.7% |
| Financial income | 75/76B | €52,903 | €101,491 | +€48,588 | +91.8% |
| Recurring financial income | 75 | €52,903 | €101,491 | +€48,588 | +91.8% |
| Financial charges | 65/66B | €1,589 | €8,863 | +€7,273 | +458% |
| Recurring financial charges | 65 | €1,589 | €8,863 | +€7,273 | +458% |
| Profit (loss) for the period before taxes | 9903 | €126,002 | €192,456 | +€66,454 | +52.7% |
| Income taxes | 67/77 | €16,185 | €19,456 | +€3,271 | +20.2% |
| Profit (loss) for the period | 9904 | €109,817 | €173,000 | +€63,183 | +57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €109,817 | €173,000 | +€63,183 | +57.5% |
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 26 October 2026 via checked.be.