FAVAS: 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.
FAVAS
Largest movements
- Cash +€35,915
up €35,915 (+3.1%), from €1.2m to €1.2m
mainly Accrued charges and deferred income (+€153,975) and Tax, wage and social debts (+€8,619)
- Tangible fixed assets +€34,152
new in 2025: €34,152
- Accrued charges and deferred income +€153,975
up €153,975 (+23.9%), from €642,930 to €796,905
- Profit (loss) carried forward -€44,256
down €44,256, from €19,808 to -€24,448
- Trade debts -€39,242
down €39,242 (-64.9%), from €60,428 to €21,186
- Gross operating margin -€113,056
down €113,056, from €71,142 to -€41,913
- Financial charges +€1,330
up €1,330 (+1,285%), from €103 to €1,433
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 | €1,186,464 | €1,265,560 | +€79,096 | +6.7% |
| Fixed assets | 21/28 | - | €34,152 | +€34,152 | |
| Tangible fixed assets | 22/27 | - | €34,152 | +€34,152 | |
| Furniture and vehicles | 24 | - | €34,152 | +€34,152 | |
| Current assets | 29/58 | €1,186,464 | €1,231,408 | +€44,945 | +3.8% |
| Amounts receivable within one year | 40/41 | €30,000 | €39,030 | +€9,030 | +30.1% |
| Trade receivables | 40 | - | €9,030 | +€9,030 | |
| Other amounts receivable | 41 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,156,464 | €1,192,378 | +€35,915 | +3.1% |
| Total equity and liabilities | 10/49 | €1,186,464 | €1,265,560 | +€79,096 | +6.7% |
| Equity | 10/15 | €228,708 | €184,452 | -€44,256 | -19.4% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €28,900 | €28,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,900 | €28,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,900 | €28,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,808 | -€24,448 | -€44,256 | |
| Provisions and deferred taxes | 16 | €250,000 | €250,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €250,000 | €250,000 | = | 0.0% |
| Environmental obligations | 163 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable | 17/49 | €707,756 | €831,108 | +€123,352 | +17.4% |
| Amounts payable within one year | 42/48 | €64,826 | €34,203 | -€30,623 | -47.2% |
| Trade debts | 44 | €60,428 | €21,186 | -€39,242 | -64.9% |
| Suppliers | 440/4 | €60,428 | €21,186 | -€39,242 | -64.9% |
| Taxes, remuneration and social security | 45 | €4,397 | €13,017 | +€8,619 | +196% |
| Taxes | 450/3 | €4,397 | €13,017 | +€8,619 | +196% |
| Accrued charges and deferred income | 492/3 | €642,930 | €796,905 | +€153,975 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €56 | +€56 | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €71,142 | -€41,913 | -€113,056 | |
| Operating profit (loss) | 9901 | €70,175 | -€42,968 | -€113,143 | |
| Financial income | 75/76B | - | €146 | +€146 | |
| Recurring financial income | 75 | - | €146 | +€146 | |
| Financial charges | 65/66B | €103 | €1,433 | +€1,330 | +1,285% |
| Recurring financial charges | 65 | €103 | €1,433 | +€1,330 | +1,285% |
| Profit (loss) for the period before taxes | 9903 | €70,071 | -€44,256 | -€114,327 | |
| Profit (loss) for the period | 9904 | €70,071 | -€44,256 | -€114,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,071 | -€44,256 | -€114,327 |
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 23 October 2026 via checked.be.