FAUVE: 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.
FAUVE
Largest movements
- Receivables within one year +€44,836
up €44,836 (+49.3%), from €90,855 to €135,691
of which Other amounts receivable: +€44,805
- Tangible fixed assets -€37,315
down €37,315 (-12.1%), from €308,393 to €271,079
of which Land and buildings: -€37,315
- Current investments -€32,394
down €32,394 (-17.1%), from €189,743 to €157,349
- Reserves -€27,082
down €27,082 (-4.8%), from €564,846 to €537,763
of which Distributable reserves: -€27,082
- Gross operating margin +€28,459
up €28,459, from -€20,348 to €8,111
- Depreciation -€8,358
down €8,358 (-18.3%), from €45,673 to €37,315
- Financial income +€5,938
up €5,938 (+351.0%), from €1,692 to €7,629
- Other operating charges -€304
down €304 (-7.6%), from €4,011 to €3,707
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 | €601,384 | €570,926 | -€30,459 | -5.1% |
| Fixed assets | 21/28 | €308,393 | €271,079 | -€37,315 | -12.1% |
| Tangible fixed assets | 22/27 | €308,393 | €271,079 | -€37,315 | -12.1% |
| Land and buildings | 22 | €308,393 | €271,079 | -€37,315 | -12.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €292,991 | €299,847 | +€6,856 | +2.3% |
| Stocks and contracts in progress | 3 | €5,117 | €2,977 | -€2,140 | -41.8% |
| Stocks | 30/36 | €5,117 | €2,977 | -€2,140 | -41.8% |
| Amounts receivable within one year | 40/41 | €90,855 | €135,691 | +€44,836 | +49.3% |
| Trade receivables | 40 | €53 | €84 | +€31 | +58.5% |
| Other amounts receivable | 41 | €90,802 | €135,607 | +€44,805 | +49.3% |
| Current investments | 50/53 | €189,743 | €157,349 | -€32,394 | -17.1% |
| Cash at bank and in hand | 54/58 | €6,126 | €3,830 | -€2,296 | -37.5% |
| Deferred charges and accrued income | 490/1 | €1,150 | €0 | -€1,150 | -100.0% |
| Total equity and liabilities | 10/49 | €601,384 | €570,926 | -€30,459 | -5.1% |
| Equity | 10/15 | €595,846 | €568,763 | -€27,082 | -4.5% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €564,846 | €537,763 | -€27,082 | -4.8% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €561,746 | €534,663 | -€27,082 | -4.8% |
| Amounts payable | 17/49 | €5,538 | €2,162 | -€3,376 | -61.0% |
| Amounts payable within one year | 42/48 | €3,456 | €2,162 | -€1,294 | -37.4% |
| Trade debts | 44 | €2,371 | €1,787 | -€584 | -24.6% |
| Suppliers | 440/4 | €2,371 | €1,787 | -€584 | -24.6% |
| Taxes, remuneration and social security | 45 | €1,085 | €375 | -€710 | -65.4% |
| Taxes | 450/3 | €1,085 | €375 | -€710 | -65.4% |
| Accrued charges and deferred income | 492/3 | €2,082 | €0 | -€2,082 | -100.0% |
| Non-recurring operating income | 76A | - | €8,493 | +€8,493 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,673 | €37,315 | -€8,358 | -18.3% |
| Other operating charges | 640/8 | €4,011 | €3,707 | -€304 | -7.6% |
| Non-recurring operating charges | 66A | €0 | €50 | +€50 | |
| Gross operating margin | 9900 | -€20,348 | €8,111 | +€28,459 | |
| Operating profit (loss) | 9901 | -€70,032 | -€32,961 | +€37,071 | +52.9% |
| Financial income | 75/76B | €1,692 | €7,629 | +€5,938 | +351.0% |
| Recurring financial income | 75 | €1,692 | €7,629 | +€5,938 | +351.0% |
| Financial charges | 65/66B | €1,062 | €1,102 | +€40 | +3.7% |
| Recurring financial charges | 65 | €1,062 | €1,102 | +€40 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€69,403 | -€26,434 | +€42,969 | +61.9% |
| Income taxes | 67/77 | €639 | €649 | +€10 | +1.5% |
| Profit (loss) for the period | 9904 | -€70,041 | -€27,082 | +€42,959 | +61.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,041 | -€27,082 | +€42,959 | +61.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.