FAVEERE: 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.
What changed
FAVEERE
NACE 46.841, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€103,202
2024 · €487,591-€384,389
Equity
€8.9m
2024 · €8.8m+€103,202
Cash
€2.0m
2024 · €1.7m+€349,328
Balance sheet total
€12.7m
2024 · €12.5m+€246,668
Largest movements
Assets
- Stocks and contracts +€493,279
up €493,279 (+15.0%), from €3.3m to €3.8m
- Receivables within one year -€469,973
down €469,973 (-18.4%), from €2.6m to €2.1m
of which Trade receivables: -€436,728
- Cash +€349,328
up €349,328 (+20.6%), from €1.7m to €2.0m
mainly Receivables within one year (+€469,973) and Trade debts (+€312,841)
- Tangible fixed assets -€136,914
down €136,914 (-13.7%), from €1.0m to €864,936
Equity and liabilities
- Trade debts +€312,841
up €312,841 (+44.1%), from €710,018 to €1.0m
- Debts after one year -€236,452
down €236,452 (-10.0%), from €2.4m to €2.1m
Income statement
- Turnover -€2.3m
down €2.3m (-10.4%), from €22.5m to €20.2m
- Goods and materials -€2.2m
down €2.2m (-11.5%), from €18.9m to €16.7m
of which Purchases: -€1.8m
- Services and other goods +€375,951
up €375,951 (+30.0%), from €1.3m to €1.6m
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.
Result 2024
€487,591
Turnover
-€2.3m
Other operating income
+€14,135
Goods and materials
+€2.2m
Services and other goods
-€375,951
Staff costs
-€14,772
Depreciation
-€4,531
Write-downs
-€20,865
Other operating charges
+€497
Other operating items
-€9,244
Financial income
+€87,440
Financial charges
+€45,712
Taxes
+€53,401
Deferred taxes and other
+€3,492
Result 2025
€103,202
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.
From operations
+€614,179
Investment
-€34,544
Financing
-€230,307
Cash 2024
€1.7m
From operations (derived)
+€614,179
Net result for the year
+€103,202
Depreciation
+€171,071
Stocks and contracts
-€493,279
Receivables within one year
+€469,973
Deferred charges and accrued income
-€10,561
Provisions
-€5,039
Trade debts
+€312,841
Tax, wage and social debts
+€65,358
Accrued charges and deferred income
+€614
Investment (derived)
-€34,544
Investment in fixed assets (net)
-€34,157
Current investments
-€387
Financing
-€230,307
Debts after one year
-€236,452
Current portion of long-term debt
+€6,145
Contributions, distributions and other
+€0
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,467,388 | €12,714,056 | +€246,668 | +2.0% |
| Fixed assets | 21/28 | €4,811,912 | €4,674,998 | -€136,914 | -2.8% |
| Tangible fixed assets | 22/27 | €1,001,850 | €864,936 | -€136,914 | -13.7% |
| Land and buildings | 22 | €538,812 | €501,425 | -€37,386 | -6.9% |
| Plant, machinery and equipment | 23 | €258,579 | €197,772 | -€60,807 | -23.5% |
| Furniture and vehicles | 24 | €204,459 | €165,739 | -€38,721 | -18.9% |
| Financial fixed assets | 28 | €3,810,063 | €3,810,063 | = | 0.0% |
| Affiliated companies | 280/1 | €3,810,000 | €3,810,000 | = | 0.0% |
| Participating interests | 280 | €3,810,000 | €3,810,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €63 | €63 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €63 | €63 | = | 0.0% |
| Current assets | 29/58 | €7,655,475 | €8,039,057 | +€383,582 | +5.0% |
| Stocks and contracts in progress | 3 | €3,298,545 | €3,791,824 | +€493,279 | +15.0% |
| Stocks | 30/36 | €3,298,545 | €3,791,824 | +€493,279 | +15.0% |
| Goods purchased for resale | 34 | €3,298,545 | €3,791,824 | +€493,279 | +15.0% |
| Amounts receivable within one year | 40/41 | €2,560,643 | €2,090,669 | -€469,973 | -18.4% |
| Trade receivables | 40 | €2,496,573 | €2,059,845 | -€436,728 | -17.5% |
| Other amounts receivable | 41 | €64,070 | €30,825 | -€33,245 | -51.9% |
| Current investments | 50/53 | €103,418 | €103,804 | +€387 | +0.4% |
| Other investments | 51/53 | €103,418 | €103,804 | +€387 | +0.4% |
| Cash at bank and in hand | 54/58 | €1,692,871 | €2,042,198 | +€349,328 | +20.6% |
| Deferred charges and accrued income | 490/1 | - | €10,561 | +€10,561 | |
| Total equity and liabilities | 10/49 | €12,467,388 | €12,714,056 | +€246,668 | +2.0% |
| Equity | 10/15 | €8,768,487 | €8,871,688 | +€103,202 | +1.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €8,693,487 | €8,796,688 | +€103,202 | +1.2% |
| Non-distributable reserves | 130/1 | €8,608,326 | €8,731,322 | +€122,995 | +1.4% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,600,826 | €8,723,822 | +€122,995 | +1.4% |
| Tax-exempt reserves | 132 | €85,160 | €65,367 | -€19,793 | -23.2% |
| Provisions and deferred taxes | 16 | €5,039 | €0 | -€5,039 | -100.0% |
| Deferred taxes | 168 | €5,039 | €0 | -€5,039 | -100.0% |
| Amounts payable | 17/49 | €3,693,862 | €3,842,367 | +€148,505 | +4.0% |
| Amounts payable after more than one year | 17 | €2,369,693 | €2,133,241 | -€236,452 | -10.0% |
| Financial debts | 170/4 | €2,369,693 | €2,133,241 | -€236,452 | -10.0% |
| Credit institutions | 173 | €2,369,693 | €2,133,241 | -€236,452 | -10.0% |
| Amounts payable within one year | 42/48 | €1,324,169 | €1,708,513 | +€384,344 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €230,307 | €236,452 | +€6,145 | +2.7% |
| Trade debts | 44 | €710,018 | €1,022,859 | +€312,841 | +44.1% |
| Suppliers | 440/4 | €710,018 | €1,022,859 | +€312,841 | +44.1% |
| Taxes, remuneration and social security | 45 | €383,844 | €449,202 | +€65,358 | +17.0% |
| Taxes | 450/3 | €203,506 | €283,596 | +€80,090 | +39.4% |
| Remuneration and social security | 454/9 | €180,338 | €165,606 | -€14,733 | -8.2% |
| Accrued charges and deferred income | 492/3 | - | €614 | +€614 | |
| Operating income | 70/76A | €22,556,565 | €20,216,270 | -€2.3m | -10.4% |
| Turnover | 70 | €22,531,071 | €20,185,884 | -€2.3m | -10.4% |
| Other operating income | 74 | €16,251 | €30,386 | +€14,135 | +87.0% |
| Non-recurring operating income | 76A | €9,244 | €0 | -€9,244 | -100.0% |
| Operating charges | 60/66A | €21,898,721 | €20,132,860 | -€1.8m | -8.1% |
| Goods for resale, raw materials and consumables | 60 | €18,922,812 | €16,741,330 | -€2.2m | -11.5% |
| Purchases | 600/8 | €19,055,732 | €17,234,609 | -€1.8m | -9.6% |
| Change in stocks: decrease (increase) | 609 | -€132,920 | -€493,279 | -€360,360 | -271.1% |
| Services and other goods | 61 | €1,253,531 | €1,629,481 | +€375,951 | +30.0% |
| Remuneration, social security and pensions | 62 | €1,480,112 | €1,494,884 | +€14,772 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,541 | €171,071 | +€4,531 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €483 | €21,348 | +€20,865 | +4319.9% |
| Other operating charges | 640/8 | €75,243 | €74,745 | -€497 | -0.7% |
| Operating profit (loss) | 9901 | €657,844 | €83,410 | -€574,434 | -87.3% |
| Financial income | 75/76B | €44,380 | €131,820 | +€87,440 | +197.0% |
| Recurring financial income | 75 | €44,380 | €131,820 | +€87,440 | +197.0% |
| Income from current assets | 751 | €1,053 | €552 | -€500 | -47.5% |
| Other financial income | 752/9 | €43,327 | €131,267 | +€87,940 | +203.0% |
| Financial charges | 65/66B | €120,057 | €74,345 | -€45,712 | -38.1% |
| Recurring financial charges | 65 | €120,057 | €74,345 | -€45,712 | -38.1% |
| Debt charges | 650 | €0 | €65,765 | +€65,765 | |
| Other financial charges | 652/9 | €120,057 | €8,580 | -€111,477 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €582,167 | €140,885 | -€441,282 | -75.8% |
| Transfer from deferred taxes | 780 | €1,548 | €5,039 | +€3,492 | +225.6% |
| Income taxes | 67/77 | €96,124 | €42,722 | -€53,401 | -55.6% |
| Taxes | 670/3 | €96,124 | €44,341 | -€51,782 | -53.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €1,619 | +€1,619 | |
| Profit (loss) for the period | 9904 | €487,591 | €103,202 | -€384,389 | -78.8% |
| Transfer from tax-exempt reserves | 789 | €4,643 | €19,793 | +€15,151 | +326.3% |
| Profit (loss) for the period to be appropriated | 9905 | €492,233 | €122,995 | -€369,238 | -75.0% |
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 8 October 2026 via checked.be.