FAURE - DEMARET: 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.
FAURE - DEMARET
Largest movements
- Current investments +€120,000
up €120,000 (+391%), from €30,720 to €150,720
- Cash -€107,686
down €107,686 (-43.6%), from €246,854 to €139,168
mainly Current investments (-€120,000) and Contributions, distributions and other (-€28,571)
- Tangible fixed assets -€22,103
down €22,103 (-14.0%), from €157,509 to €135,406
of which Land and buildings: -€14,755
- Other debts -€22,078
down €22,078 (-39.8%), from €55,426 to €33,348
- Reserves +€7,044
up €7,044 (+4.1%), from €171,534 to €178,577
- Staff costs -€4,906
down €4,906 (-7.8%), from €62,583 to €57,677
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 | €487,300 | €476,788 | -€10,513 | -2.2% |
| Fixed assets | 21/28 | €157,509 | €135,406 | -€22,103 | -14.0% |
| Tangible fixed assets | 22/27 | €157,509 | €135,406 | -€22,103 | -14.0% |
| Land and buildings | 22 | €138,667 | €123,912 | -€14,755 | -10.6% |
| Furniture and vehicles | 24 | €18,843 | €11,494 | -€7,348 | -39.0% |
| Current assets | 29/58 | €329,791 | €341,382 | +€11,591 | +3.5% |
| Stocks and contracts in progress | 3 | €48,161 | €50,807 | +€2,646 | +5.5% |
| Stocks | 30/36 | €48,161 | €50,807 | +€2,646 | +5.5% |
| Amounts receivable within one year | 40/41 | €2,792 | €1 | -€2,790 | -100.0% |
| Other amounts receivable | 41 | €2,792 | €1 | -€2,790 | -100.0% |
| Current investments | 50/53 | €30,720 | €150,720 | +€120,000 | +391% |
| Cash at bank and in hand | 54/58 | €246,854 | €139,168 | -€107,686 | -43.6% |
| Deferred charges and accrued income | 490/1 | €1,265 | €686 | -€579 | -45.8% |
| Total equity and liabilities | 10/49 | €487,300 | €476,788 | -€10,513 | -2.2% |
| Equity | 10/15 | €397,134 | €404,177 | +€7,044 | +1.8% |
| Contributions | 10/11 | €225,600 | €225,600 | = | 0.0% |
| Capital | 10 | €225,600 | €225,600 | = | 0.0% |
| Issued capital | 100 | €225,600 | €225,600 | = | 0.0% |
| Reserves | 13 | €171,534 | €178,577 | +€7,044 | +4.1% |
| Distributable reserves | 133 | €171,534 | €178,577 | +€7,044 | +4.1% |
| Amounts payable | 17/49 | €90,167 | €72,611 | -€17,556 | -19.5% |
| Amounts payable within one year | 42/48 | €90,167 | €72,542 | -€17,625 | -19.5% |
| Trade debts | 44 | €7,077 | €8,922 | +€1,845 | +26.1% |
| Suppliers | 440/4 | €7,077 | €8,922 | +€1,845 | +26.1% |
| Taxes, remuneration and social security | 45 | €27,664 | €30,273 | +€2,609 | +9.4% |
| Taxes | 450/3 | €19,729 | €22,182 | +€2,453 | +12.4% |
| Remuneration and social security | 454/9 | €7,935 | €8,090 | +€156 | +2.0% |
| Other amounts payable | 47/48 | €55,426 | €33,348 | -€22,078 | -39.8% |
| Accrued charges and deferred income | 492/3 | - | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €62,583 | €57,677 | -€4,906 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,103 | €22,103 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,785 | €3,851 | +€65 | +1.7% |
| Non-recurring operating charges | 66A | €1,137 | - | -€1,137 | |
| Gross operating margin | 9900 | €131,605 | €131,524 | -€81 | -0.1% |
| Operating profit (loss) | 9901 | €41,997 | €47,893 | +€5,897 | +14.0% |
| Financial income | 75/76B | €3,356 | €3,477 | +€122 | +3.6% |
| Recurring financial income | 75 | €3,356 | €3,477 | +€122 | +3.6% |
| Financial charges | 65/66B | €2,066 | €2,259 | +€193 | +9.3% |
| Recurring financial charges | 65 | €2,066 | €2,259 | +€193 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €43,286 | €49,111 | +€5,825 | +13.5% |
| Income taxes | 67/77 | €13,466 | €13,496 | +€30 | +0.2% |
| Profit (loss) for the period | 9904 | €29,820 | €35,615 | +€5,795 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,820 | €35,615 | +€5,795 | +19.4% |
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.