FAUVE. M: 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.
FAUVE. M
Largest movements
- Tangible fixed assets -€18,008
down €18,008 (-17.2%), from €104,585 to €86,578
of which Furniture and vehicles: -€19,937
- Cash +€10,500
up €10,500 (+1,646%), from €638 to €11,138
mainly Depreciation (+€20,775) and Receivables within one year (+€9,230)
- Receivables within one year -€9,230
down €9,230 (-77.0%), from €11,983 to €2,752
- Other debts -€16,762
down €16,762 (-22.4%), from €74,751 to €57,989
- Tax, wage and social debts -€10,853
down €10,853 (-86.8%), from €12,501 to €1,648
of which Taxes: -€7,853
- Reserves +€7,245
up €7,245 (+25.1%), from €28,884 to €36,129
- Trade debts +€4,396
up €4,396 (+1,975%), from €223 to €4,618
- Depreciation +€7,464
up €7,464 (+56.1%), from €13,311 to €20,775
- Gross operating margin +€4,787
up €4,787 (+15.5%), from €30,936 to €35,723
- Financial charges +€616
up €616 (+15.4%), from €4,001 to €4,618
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 | €119,358 | €103,384 | -€15,975 | -13.4% |
| Fixed assets | 21/28 | €104,765 | €86,758 | -€18,008 | -17.2% |
| Tangible fixed assets | 22/27 | €104,585 | €86,578 | -€18,008 | -17.2% |
| Plant, machinery and equipment | 23 | €1,648 | €3,578 | +€1,930 | +117% |
| Furniture and vehicles | 24 | €102,938 | €83,000 | -€19,937 | -19.4% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €14,593 | €16,626 | +€2,033 | +13.9% |
| Amounts receivable within one year | 40/41 | €11,983 | €2,752 | -€9,230 | -77.0% |
| Other amounts receivable | 41 | €11,983 | €2,752 | -€9,230 | -77.0% |
| Cash at bank and in hand | 54/58 | €638 | €11,138 | +€10,500 | +1,646% |
| Deferred charges and accrued income | 490/1 | €1,973 | €2,736 | +€763 | +38.7% |
| Total equity and liabilities | 10/49 | €119,358 | €103,384 | -€15,975 | -13.4% |
| Equity | 10/15 | €31,884 | €39,129 | +€7,245 | +22.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €28,884 | €36,129 | +€7,245 | +25.1% |
| Distributable reserves | 133 | €28,884 | €36,129 | +€7,245 | +25.1% |
| Amounts payable | 17/49 | €87,475 | €64,255 | -€23,220 | -26.5% |
| Amounts payable within one year | 42/48 | €87,475 | €64,255 | -€23,220 | -26.5% |
| Trade debts | 44 | €223 | €4,618 | +€4,396 | +1,975% |
| Suppliers | 440/4 | €223 | €4,618 | +€4,396 | +1,975% |
| Taxes, remuneration and social security | 45 | €12,501 | €1,648 | -€10,853 | -86.8% |
| Taxes | 450/3 | €9,501 | €1,648 | -€7,853 | -82.7% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €74,751 | €57,989 | -€16,762 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,311 | €20,775 | +€7,464 | +56.1% |
| Other operating charges | 640/8 | €150 | - | -€150 | |
| Gross operating margin | 9900 | €30,936 | €35,723 | +€4,787 | +15.5% |
| Operating profit (loss) | 9901 | €17,475 | €14,948 | -€2,526 | -14.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,001 | €4,618 | +€616 | +15.4% |
| Recurring financial charges | 65 | €4,001 | €4,618 | +€616 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €13,473 | €10,331 | -€3,142 | -23.3% |
| Income taxes | 67/77 | €2,851 | €3,086 | +€234 | +8.2% |
| Profit (loss) for the period | 9904 | €10,622 | €7,245 | -€3,377 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,622 | €7,245 | -€3,377 | -31.8% |
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 19 October 2026 via checked.be.