FAVA: 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.
FAVA
Largest movements
- Financial fixed assets +€34,500
new in 2025: €34,500
- Tangible fixed assets -€17,689
down €17,689 (-80.0%), from €22,116 to €4,427
of which Furniture and vehicles: -€16,345
- Receivables within one year -€15,969
down €15,969 (-46.9%), from €34,064 to €18,095
of which Other amounts receivable: -€22,910
- Cash -€7,141
down €7,141 (-36.1%), from €19,793 to €12,652
mainly Investment in fixed assets (net) (-€18,860) and Net result for the year (-€13,698)
- Deferred charges and accrued income -€1,480
down €1,480 (-70.9%), from €2,087 to €607
- Short-term financial debts +€22,983
up €22,983 (+58990.4%), from €39 to €23,022
of which Other loans: +€22,983
- Profit (loss) carried forward -€13,698
down €13,698 (-47.6%), from €28,785 to €15,087
- Tax, wage and social debts -€13,634
down €13,634 (-52.3%), from €26,077 to €12,443
- Debts after one year -€5,858
down €5,858 (-65.7%), from €8,915 to €3,057
- Other debts +€4,424
new in 2025: €4,424
- Other operating charges +€14,421
up €14,421 (+495.9%), from €2,908 to €17,328
- Gross operating margin -€5,205
down €5,205 (-32.3%), from €16,115 to €10,911
- Depreciation -€4,153
down €4,153 (-67.0%), from €6,201 to €2,048
- Taxes -€2,192
down €2,192 (-88.3%), from €2,483 to €292
- Financial charges +€1,746
up €1,746 (+54.6%), from €3,201 to €4,947
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 | €78,060 | €70,281 | -€7,779 | -10.0% |
| Fixed assets | 21/28 | €22,116 | €38,927 | +€16,811 | +76.0% |
| Tangible fixed assets | 22/27 | €22,116 | €4,427 | -€17,689 | -80.0% |
| Furniture and vehicles | 24 | €17,706 | €1,360 | -€16,345 | -92.3% |
| Other tangible fixed assets | 26 | €4,410 | €3,066 | -€1,343 | -30.5% |
| Financial fixed assets | 28 | - | €34,500 | +€34,500 | |
| Current assets | 29/58 | €55,945 | €31,354 | -€24,591 | -44.0% |
| Amounts receivable within one year | 40/41 | €34,064 | €18,095 | -€15,969 | -46.9% |
| Trade receivables | 40 | €10,553 | €17,494 | +€6,941 | +65.8% |
| Other amounts receivable | 41 | €23,511 | €601 | -€22,910 | -97.4% |
| Cash at bank and in hand | 54/58 | €19,793 | €12,652 | -€7,141 | -36.1% |
| Deferred charges and accrued income | 490/1 | €2,087 | €607 | -€1,480 | -70.9% |
| Total equity and liabilities | 10/49 | €78,060 | €70,281 | -€7,779 | -10.0% |
| Equity | 10/15 | €31,785 | €18,087 | -€13,698 | -43.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,785 | €15,087 | -€13,698 | -47.6% |
| Amounts payable | 17/49 | €46,276 | €52,194 | +€5,918 | +12.8% |
| Amounts payable after more than one year | 17 | €8,915 | €3,057 | -€5,858 | -65.7% |
| Financial debts | 170/4 | €8,915 | €3,057 | -€5,858 | -65.7% |
| Amounts payable within one year | 42/48 | €37,361 | €49,137 | +€11,776 | +31.5% |
| Current portion of amounts payable after more than one year | 42 | €5,531 | €5,858 | +€327 | +5.9% |
| Financial debts | 43 | €39 | €23,022 | +€22,983 | +58990.4% |
| Credit institutions | 430/8 | €39 | €39 | = | 0.0% |
| Other loans | 439 | - | €22,983 | +€22,983 | |
| Trade debts | 44 | €5,713 | €3,390 | -€2,323 | -40.7% |
| Suppliers | 440/4 | €5,713 | €3,390 | -€2,323 | -40.7% |
| Taxes, remuneration and social security | 45 | €26,077 | €12,443 | -€13,634 | -52.3% |
| Taxes | 450/3 | €26,077 | €12,443 | -€13,634 | -52.3% |
| Other amounts payable | 47/48 | - | €4,424 | +€4,424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,201 | €2,048 | -€4,153 | -67.0% |
| Other operating charges | 640/8 | €2,908 | €17,328 | +€14,421 | +495.9% |
| Gross operating margin | 9900 | €16,115 | €10,911 | -€5,205 | -32.3% |
| Operating profit (loss) | 9901 | €7,007 | -€8,466 | -€15,473 | |
| Financial income | 75/76B | €1,547 | €7 | -€1,540 | -99.5% |
| Recurring financial income | 75 | €1,547 | €7 | -€1,540 | -99.5% |
| Financial charges | 65/66B | €3,201 | €4,947 | +€1,746 | +54.6% |
| Recurring financial charges | 65 | €3,201 | €4,947 | +€1,746 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €5,354 | -€13,406 | -€18,759 | |
| Income taxes | 67/77 | €2,483 | €292 | -€2,192 | -88.3% |
| Profit (loss) for the period | 9904 | €2,870 | -€13,698 | -€16,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,870 | -€13,698 | -€16,568 |
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.