FAVELIEN: 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.
FAVELIEN
Largest movements
- Cash -€48,742
down €48,742 (-98.4%), from €49,560 to €817
mainly Tax, wage and social debts (-€82,387) and Investment in fixed assets (net) (-€26,370)
- Receivables within one year -€44,153
down €44,153 (-22.0%), from €200,273 to €156,120
of which Other amounts receivable: -€44,153
- Tangible fixed assets -€13,104
down €13,104 (-1.5%), from €878,640 to €865,536
of which Land and buildings: -€12,760
- Tax, wage and social debts -€82,387
down €82,387 (-54.3%), from €151,686 to €69,299
- Taxes -€98,635
down €98,635, from €84,354 to -€14,281
- Gross operating margin +€11,570
up €11,570 (+128.4%), from €9,013 to €20,583
- Depreciation -€8,506
down €8,506 (-17.7%), from €47,980 to €39,474
- Other operating charges -€5,852
down €5,852 (-55.3%), from €10,577 to €4,724
- Financial charges -€620
down €620 (-21.2%), from €2,916 to €2,296
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,205,984 | €1,099,088 | -€106,896 | -8.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €879,240 | €866,136 | -€13,104 | -1.5% |
| Tangible fixed assets | 22/27 | €878,640 | €865,536 | -€13,104 | -1.5% |
| Land and buildings | 22 | €846,354 | €833,594 | -€12,760 | -1.5% |
| Furniture and vehicles | 24 | €32,285 | €31,942 | -€344 | -1.1% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €326,745 | €232,952 | -€93,792 | -28.7% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €200,273 | €156,120 | -€44,153 | -22.0% |
| Trade receivables | 40 | €23,995 | €23,995 | = | 0.0% |
| Other amounts receivable | 41 | €176,278 | €132,125 | -€44,153 | -25.0% |
| Cash at bank and in hand | 54/58 | €49,560 | €817 | -€48,742 | -98.4% |
| Deferred charges and accrued income | 490/1 | €1,912 | €1,015 | -€896 | -46.9% |
| Total equity and liabilities | 10/49 | €1,205,984 | €1,099,088 | -€106,896 | -8.9% |
| Equity | 10/15 | €970,135 | €958,505 | -€11,631 | -1.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €484,005 | €484,005 | = | 0.0% |
| Reserves | 13 | €121,859 | €121,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,679 | €334,049 | -€11,631 | -3.4% |
| Amounts payable | 17/49 | €235,849 | €140,584 | -€95,265 | -40.4% |
| Amounts payable after more than one year | 17 | €60,934 | €52,670 | -€8,264 | -13.6% |
| Financial debts | 170/4 | €60,934 | €51,370 | -€9,564 | -15.7% |
| Other amounts payable | 178/9 | - | €1,300 | +€1,300 | |
| Amounts payable within one year | 42/48 | €173,955 | €87,913 | -€86,041 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €17,094 | €9,564 | -€7,530 | -44.1% |
| Trade debts | 44 | €3,875 | €7,751 | +€3,876 | +100.0% |
| Suppliers | 440/4 | €3,875 | €7,751 | +€3,876 | +100.0% |
| Taxes, remuneration and social security | 45 | €151,686 | €69,299 | -€82,387 | -54.3% |
| Taxes | 450/3 | €151,686 | €69,299 | -€82,387 | -54.3% |
| Other amounts payable | 47/48 | €1,300 | €1,300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,980 | €39,474 | -€8,506 | -17.7% |
| Other operating charges | 640/8 | €10,577 | €4,724 | -€5,852 | -55.3% |
| Gross operating margin | 9900 | €9,013 | €20,583 | +€11,570 | +128.4% |
| Operating profit (loss) | 9901 | -€49,544 | -€23,615 | +€25,929 | +52.3% |
| Financial charges | 65/66B | €2,916 | €2,296 | -€620 | -21.2% |
| Recurring financial charges | 65 | €2,916 | €2,296 | -€620 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | -€52,459 | -€25,911 | +€26,548 | +50.6% |
| Transfer from deferred taxes | 780 | €69,692 | - | -€69,692 | |
| Income taxes | 67/77 | €84,354 | -€14,281 | -€98,635 | |
| Profit (loss) for the period | 9904 | -€67,121 | -€11,631 | +€55,491 | +82.7% |
| Transfer from tax-exempt reserves | 789 | €209,076 | - | -€209,076 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,954 | -€11,631 | -€153,585 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.