FARUT: 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.
FARUT
Largest movements
- Current investments -€85,976
down €85,976 (-16.4%), from €523,670 to €437,694
- Cash +€47,503
up €47,503 (+98.4%), from €48,261 to €95,764
mainly Current investments (+€85,976) and Depreciation (+€40,534)
- Tangible fixed assets -€40,534
down €40,534 (-7.0%), from €579,136 to €538,603
of which Land and buildings: -€27,063
- Contributions -€59,528
down €59,528 (-5.0%), from €1.2m to €1.1m
- Debts after one year -€21,600
down €21,600 (-16.7%), from €129,600 to €108,000
- Profit (loss) carried forward +€11,852
up €11,852 (+5.9%), from -€200,943 to -€189,091
- Gross operating margin +€16,772
up €16,772 (+38.3%), from €43,783 to €60,554
- Financial income +€1,238
up €1,238 (+51.9%), from €2,386 to €3,624
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 | €1,173,449 | €1,097,677 | -€75,773 | -6.5% |
| Fixed assets | 21/28 | €579,136 | €538,603 | -€40,534 | -7.0% |
| Tangible fixed assets | 22/27 | €579,136 | €538,603 | -€40,534 | -7.0% |
| Land and buildings | 22 | €533,220 | €506,157 | -€27,063 | -5.1% |
| Plant, machinery and equipment | 23 | €21,964 | €17,961 | -€4,004 | -18.2% |
| Furniture and vehicles | 24 | €23,952 | €14,485 | -€9,467 | -39.5% |
| Current assets | 29/58 | €594,313 | €559,074 | -€35,239 | -5.9% |
| Amounts receivable within one year | 40/41 | €12,251 | €18,393 | +€6,142 | +50.1% |
| Trade receivables | 40 | €11,535 | €16,448 | +€4,912 | +42.6% |
| Other amounts receivable | 41 | €716 | €1,946 | +€1,230 | +172% |
| Current investments | 50/53 | €523,670 | €437,694 | -€85,976 | -16.4% |
| Cash at bank and in hand | 54/58 | €48,261 | €95,764 | +€47,503 | +98.4% |
| Deferred charges and accrued income | 490/1 | €10,131 | €7,222 | -€2,908 | -28.7% |
| Total equity and liabilities | 10/49 | €1,173,449 | €1,097,677 | -€75,773 | -6.5% |
| Equity | 10/15 | €1,005,521 | €957,171 | -€48,350 | -4.8% |
| Contributions | 10/11 | €1,192,942 | €1,133,415 | -€59,528 | -5.0% |
| Reserves | 13 | €13,522 | €12,847 | -€675 | -5.0% |
| Distributable reserves | 133 | €13,522 | €12,847 | -€675 | -5.0% |
| Profit (loss) carried forward | 14 | -€200,943 | -€189,091 | +€11,852 | +5.9% |
| Amounts payable | 17/49 | €167,929 | €140,506 | -€27,423 | -16.3% |
| Amounts payable after more than one year | 17 | €129,600 | €108,000 | -€21,600 | -16.7% |
| Financial debts | 170/4 | €129,600 | €108,000 | -€21,600 | -16.7% |
| Amounts payable within one year | 42/48 | €38,329 | €32,506 | -€5,823 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €21,600 | €21,600 | = | 0.0% |
| Trade debts | 44 | €4,203 | €2,870 | -€1,333 | -31.7% |
| Suppliers | 440/4 | €4,203 | €2,870 | -€1,333 | -31.7% |
| Taxes, remuneration and social security | 45 | €4,474 | €0 | -€4,474 | -100% |
| Taxes | 450/3 | €4,474 | €0 | -€4,474 | -100% |
| Other amounts payable | 47/48 | €8,052 | €8,036 | -€15 | -0.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,404 | €40,534 | +€130 | +0.3% |
| Other operating charges | 640/8 | €4,564 | €4,720 | +€156 | +3.4% |
| Non-recurring operating charges | 66A | €605 | €0 | -€605 | -100% |
| Gross operating margin | 9900 | €43,783 | €60,554 | +€16,772 | +38.3% |
| Operating profit (loss) | 9901 | -€1,790 | €15,300 | +€17,090 | |
| Financial income | 75/76B | €2,386 | €3,624 | +€1,238 | +51.9% |
| Recurring financial income | 75 | €2,386 | €3,624 | +€1,238 | +51.9% |
| Financial charges | 65/66B | €6,722 | €7,072 | +€351 | +5.2% |
| Recurring financial charges | 65 | €6,722 | €7,072 | +€351 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,126 | €11,852 | +€17,978 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€6,126 | €11,852 | +€17,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,126 | €11,852 | +€17,978 |
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 25 October 2026 via checked.be.