Favael: 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.
Favael
Largest movements
- Cash +€14,164
up €14,164 (+197.6%), from €7,168 to €21,331
mainly Net result for the year (+€37,621) and Tax, wage and social debts (+€12,423)
- Receivables within one year +€2,240
up €2,240 (+5967.7%), from €38 to €2,278
of which Trade receivables: +€2,278
- Stocks and contracts +€1,411
up €1,411 (+203.1%), from €695 to €2,106
- Tangible fixed assets -€1,315
down €1,315 (-5.9%), from €22,260 to €20,945
of which Plant, machinery and equipment: -€3,435
- Profit (loss) carried forward +€28,621
up €28,621, from -€6,725 to €21,896
- Other debts -€24,763
down €24,763 (-73.2%), from €33,835 to €9,072
- Tax, wage and social debts +€12,423
up €12,423 (+404663.8%), from €3 to €12,426
of which Taxes: +€8,249
- Trade debts +€822
up €822 (+68.6%), from €1,198 to €2,020
- Turnover +€111,272
up €111,272 (+708.4%), from €15,708 to €126,979
- Gross operating margin +€81,569
up €81,569, from -€3,665 to €77,904
- Purchases and services +€29,702
up €29,702 (+153.3%), from €19,373 to €49,075
- Staff costs +€22,014
new in 2025: €22,014
- Taxes +€8,000
new in 2025: €8,000
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 | €33,311 | €50,415 | +€17,103 | +51.3% |
| Fixed assets | 21/28 | €25,267 | €24,257 | -€1,009 | -4.0% |
| Tangible fixed assets | 22/27 | €22,260 | €20,945 | -€1,315 | -5.9% |
| Plant, machinery and equipment | 23 | €22,260 | €18,825 | -€3,435 | -15.4% |
| Furniture and vehicles | 24 | - | €2,120 | +€2,120 | |
| Financial fixed assets | 28 | €3,006 | €3,312 | +€306 | +10.2% |
| Current assets | 29/58 | €8,045 | €26,158 | +€18,113 | +225.1% |
| Stocks and contracts in progress | 3 | €695 | €2,106 | +€1,411 | +203.1% |
| Stocks | 30/36 | €695 | €2,106 | +€1,411 | +203.1% |
| Amounts receivable within one year | 40/41 | €38 | €2,278 | +€2,240 | +5967.7% |
| Trade receivables | 40 | - | €2,278 | +€2,278 | |
| Other amounts receivable | 41 | €38 | - | -€38 | |
| Cash at bank and in hand | 54/58 | €7,168 | €21,331 | +€14,164 | +197.6% |
| Deferred charges and accrued income | 490/1 | €144 | €442 | +€297 | +205.8% |
| Total equity and liabilities | 10/49 | €33,311 | €50,415 | +€17,103 | +51.3% |
| Equity | 10/15 | -€1,725 | €26,896 | +€28,621 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,725 | €21,896 | +€28,621 | |
| Amounts payable | 17/49 | €35,036 | €23,518 | -€11,518 | -32.9% |
| Amounts payable within one year | 42/48 | €35,036 | €23,518 | -€11,518 | -32.9% |
| Trade debts | 44 | €1,198 | €2,020 | +€822 | +68.6% |
| Suppliers | 440/4 | €1,198 | €2,020 | +€822 | +68.6% |
| Taxes, remuneration and social security | 45 | €3 | €12,426 | +€12,423 | +404663.8% |
| Taxes | 450/3 | €3 | €8,252 | +€8,249 | +268695.8% |
| Remuneration and social security | 454/9 | - | €4,174 | +€4,174 | |
| Other amounts payable | 47/48 | €33,835 | €9,072 | -€24,763 | -73.2% |
| Turnover | 70 | €15,708 | €126,979 | +€111,272 | +708.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €19,373 | €49,075 | +€29,702 | +153.3% |
| Remuneration, social security and pensions | 62 | - | €22,014 | +€22,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,740 | €6,752 | +€4,013 | +146.5% |
| Other operating charges | 640/8 | - | €1,250 | +€1,250 | |
| Gross operating margin | 9900 | -€3,665 | €77,904 | +€81,569 | |
| Operating profit (loss) | 9901 | -€6,405 | €47,888 | +€54,293 | |
| Financial charges | 65/66B | €320 | €2,267 | +€1,947 | +608.4% |
| Recurring financial charges | 65 | €320 | €2,267 | +€1,947 | +608.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,725 | €45,621 | +€52,346 | |
| Income taxes | 67/77 | - | €8,000 | +€8,000 | |
| Profit (loss) for the period | 9904 | -€6,725 | €37,621 | +€44,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,725 | €37,621 | +€44,346 |
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 12 October 2026 via checked.be.