FARUS: what changed
Two fiscal 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.
FARUS
Largest movements
- Cash +€148,568
up €148,568 (+139.7%), from €106,326 to €254,893
mainly Net result for the year (+€152,964) and Tax, wage and social debts (+€35,782)
- Tangible fixed assets +€45,502
up €45,502 (+65.0%), from €70,057 to €115,559
of which Other tangible fixed assets: +€53,387
- Receivables within one year -€11,352
down €11,352 (-29.4%), from €38,592 to €27,240
of which Other amounts receivable: -€13,167
- Receivables after one year +€9,000
new in 2025: €9,000
- Reserves +€152,964
up €152,964 (+84.7%), from €180,489 to €333,453
- Tax, wage and social debts +€35,782
up €35,782 (+57.0%), from €62,754 to €98,536
- Gross operating margin +€22,004
up €22,004 (+11.3%), from €194,638 to €216,642
- Taxes +€5,034
up €5,034 (+12.2%), from €41,268 to €46,302
- Financial income +€4,456
up €4,456 (+974.3%), from €457 to €4,914
- Depreciation +€3,981
up €3,981 (+23.5%), from €16,909 to €20,890
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 | €251,459 | €443,512 | +€192,054 | +76.4% |
| Fixed assets | 21/28 | €70,057 | €115,559 | +€45,502 | +65.0% |
| Tangible fixed assets | 22/27 | €70,057 | €115,559 | +€45,502 | +65.0% |
| Plant, machinery and equipment | 23 | €4,577 | €3,657 | -€920 | -20.1% |
| Furniture and vehicles | 24 | €61,003 | €54,039 | -€6,964 | -11.4% |
| Other tangible fixed assets | 26 | €4,477 | €57,864 | +€53,387 | +1192.3% |
| Current assets | 29/58 | €181,402 | €327,953 | +€146,552 | +80.8% |
| Amounts receivable after more than one year | 29 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 291 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €38,592 | €27,240 | -€11,352 | -29.4% |
| Trade receivables | 40 | €25,410 | €27,225 | +€1,815 | +7.1% |
| Other amounts receivable | 41 | €13,182 | €15 | -€13,167 | -99.9% |
| Cash at bank and in hand | 54/58 | €106,326 | €254,893 | +€148,568 | +139.7% |
| Deferred charges and accrued income | 490/1 | €36,484 | €36,820 | +€336 | +0.9% |
| Total equity and liabilities | 10/49 | €251,459 | €443,512 | +€192,054 | +76.4% |
| Equity | 10/15 | €187,489 | €340,453 | +€152,964 | +81.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €180,489 | €333,453 | +€152,964 | +84.7% |
| Distributable reserves | 133 | €180,489 | €333,453 | +€152,964 | +84.7% |
| Amounts payable | 17/49 | €63,970 | €103,060 | +€39,090 | +61.1% |
| Amounts payable within one year | 42/48 | €63,970 | €103,060 | +€39,090 | +61.1% |
| Trade debts | 44 | €1,216 | €1,815 | +€600 | +49.3% |
| Suppliers | 440/4 | €1,216 | €1,815 | +€600 | +49.3% |
| Taxes, remuneration and social security | 45 | €62,754 | €98,536 | +€35,782 | +57.0% |
| Taxes | 450/3 | €62,754 | €98,536 | +€35,782 | +57.0% |
| Other amounts payable | 47/48 | - | €2,709 | +€2,709 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,909 | €20,890 | +€3,981 | +23.5% |
| Other operating charges | 640/8 | €323 | €1,209 | +€886 | +274.3% |
| Gross operating margin | 9900 | €194,638 | €216,642 | +€22,004 | +11.3% |
| Operating profit (loss) | 9901 | €177,406 | €194,542 | +€17,136 | +9.7% |
| Financial income | 75/76B | €457 | €4,914 | +€4,456 | +974.3% |
| Recurring financial income | 75 | €457 | €4,914 | +€4,456 | +974.3% |
| Financial charges | 65/66B | €64 | €190 | +€126 | +197.0% |
| Recurring financial charges | 65 | €64 | €190 | +€126 | +197.0% |
| Profit (loss) for the period before taxes | 9903 | €177,799 | €199,266 | +€21,467 | +12.1% |
| Income taxes | 67/77 | €41,268 | €46,302 | +€5,034 | +12.2% |
| Profit (loss) for the period | 9904 | €136,531 | €152,964 | +€16,433 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €136,531 | €152,964 | +€16,433 | +12.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.