Favel: 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.
Favel
Largest movements
- Cash -€8,963
down €8,963 (-38.1%), from €23,534 to €14,571
mainly Other debts (-€15,152) and Receivables within one year (-€7,762)
- Receivables within one year +€7,762
up €7,762 (+56.5%), from €13,727 to €21,489
of which Other amounts receivable: +€4,756
- Deferred charges and accrued income +€4,985
up €4,985 (+799%), from €624 to €5,609
- Tangible fixed assets -€3,758
down €3,758 (-69.7%), from €5,387 to €1,630
- Other debts -€15,152
down €15,152 (-24.9%), from €60,770 to €45,618
- Trade debts +€10,598
up €10,598 (+120%), from €8,845 to €19,443
of which Bills of exchange payable: +€14,000
- Profit (loss) carried forward +€4,580
up €4,580 (+1.0%), from -€452,033 to -€447,453
- Turnover +€31,324
up €31,324 (+177%), from €17,676 to €49,000
- Purchases and services +€24,714
up €24,714 (+107%), from €23,000 to €47,713
- Gross operating margin +€12,871
up €12,871, from -€3,189 to €9,682
- Depreciation -€966
down €966 (-20.5%), from €4,724 to €3,758
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 | €45,216 | €45,242 | +€26 | +0.1% |
| Fixed assets | 21/28 | €5,526 | €1,769 | -€3,758 | -68.0% |
| Tangible fixed assets | 22/27 | €5,387 | €1,630 | -€3,758 | -69.7% |
| Furniture and vehicles | 24 | €5,387 | €1,630 | -€3,758 | -69.7% |
| Financial fixed assets | 28 | €139 | €139 | = | 0.0% |
| Current assets | 29/58 | €39,689 | €43,473 | +€3,784 | +9.5% |
| Stocks and contracts in progress | 3 | €1,804 | €1,804 | = | 0.0% |
| Stocks | 30/36 | €1,804 | €1,804 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,727 | €21,489 | +€7,762 | +56.5% |
| Trade receivables | 40 | €11,622 | €14,628 | +€3,006 | +25.9% |
| Other amounts receivable | 41 | €2,105 | €6,861 | +€4,756 | +226% |
| Cash at bank and in hand | 54/58 | €23,534 | €14,571 | -€8,963 | -38.1% |
| Deferred charges and accrued income | 490/1 | €624 | €5,609 | +€4,985 | +799% |
| Total equity and liabilities | 10/49 | €45,216 | €45,242 | +€26 | +0.1% |
| Equity | 10/15 | -€25,323 | -€20,743 | +€4,580 | +18.1% |
| Contributions | 10/11 | €226,536 | €226,536 | = | 0.0% |
| Capital | 10 | €226,536 | - | -€226,536 | |
| Issued capital | 100 | €226,536 | - | -€226,536 | |
| Reserves | 13 | €200,174 | €200,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €198,315 | €200,174 | +€1,859 | +0.9% |
| Profit (loss) carried forward | 14 | -€452,033 | -€447,453 | +€4,580 | +1.0% |
| Amounts payable | 17/49 | €70,539 | €65,985 | -€4,554 | -6.5% |
| Amounts payable within one year | 42/48 | €70,539 | €65,985 | -€4,554 | -6.5% |
| Trade debts | 44 | €8,845 | €19,443 | +€10,598 | +120% |
| Suppliers | 440/4 | €8,845 | €5,443 | -€3,402 | -38.5% |
| Bills of exchange payable | 441 | - | €14,000 | +€14,000 | |
| Advances received on contracts in progress | 46 | €924 | €924 | = | 0.0% |
| Other amounts payable | 47/48 | €60,770 | €45,618 | -€15,152 | -24.9% |
| Turnover | 70 | €17,676 | €49,000 | +€31,324 | +177% |
| Goods, raw materials, services and sundry goods | 60/61 | €23,000 | €47,713 | +€24,714 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,724 | €3,758 | -€966 | -20.5% |
| Other operating charges | 640/8 | €706 | €932 | +€225 | +31.9% |
| Gross operating margin | 9900 | -€3,189 | €9,682 | +€12,871 | |
| Operating profit (loss) | 9901 | -€8,620 | €4,993 | +€13,612 | |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | €308 | €491 | +€183 | +59.4% |
| Recurring financial charges | 65 | €308 | €491 | +€183 | +59.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,928 | €4,580 | +€13,508 | |
| Profit (loss) for the period | 9904 | -€8,928 | €4,580 | +€13,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,928 | €4,580 | +€13,508 |
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 27 October 2026 via checked.be.