FAVERO: 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.
FAVERO
Largest movements
- Cash +€17,205
up €17,205 (+51.8%), from €33,236 to €50,441
mainly Receivables within one year (+€15,435) and Net result for the year (+€11,291)
- Receivables within one year -€15,435
down €15,435 (-43.6%), from €35,418 to €19,982
of which Trade receivables: -€15,435
- Debts after one year -€14,317
down €14,317 (-7.3%), from €196,525 to €182,208
of which Financial debts: -€14,317
- Reserves +€11,291
up €11,291 (+22.9%), from €49,225 to €60,515
- Gross operating margin +€2,477
up €2,477 (+17.5%), from €14,148 to €16,625
- Taxes +€530
up €530 (+14.9%), from €3,562 to €4,092
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 | €819,950 | €821,720 | +€1,770 | +0.2% |
| Fixed assets | 21/28 | €750,000 | €750,000 | = | 0.0% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €69,950 | €71,720 | +€1,770 | +2.5% |
| Amounts receivable within one year | 40/41 | €35,418 | €19,982 | -€15,435 | -43.6% |
| Trade receivables | 40 | €35,393 | €19,957 | -€15,435 | -43.6% |
| Other amounts receivable | 41 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,236 | €50,441 | +€17,205 | +51.8% |
| Deferred charges and accrued income | 490/1 | €1,296 | €1,296 | = | 0.0% |
| Total equity and liabilities | 10/49 | €819,950 | €821,720 | +€1,770 | +0.2% |
| Equity | 10/15 | €605,725 | €617,016 | +€11,291 | +1.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €49,225 | €60,515 | +€11,291 | +22.9% |
| Distributable reserves | 133 | €49,225 | €60,515 | +€11,291 | +22.9% |
| Profit (loss) carried forward | 14 | €550,300 | €550,300 | = | 0.0% |
| Amounts payable | 17/49 | €214,225 | €204,704 | -€9,521 | -4.4% |
| Amounts payable after more than one year | 17 | €196,525 | €182,208 | -€14,317 | -7.3% |
| Financial debts | 170/4 | €17,925 | €3,608 | -€14,317 | -79.9% |
| Other amounts payable | 178/9 | €178,600 | €178,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €17,700 | €22,348 | +€4,647 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €14,133 | €14,317 | +€183 | +1.3% |
| Trade debts | 44 | €2,120 | €3,842 | +€1,723 | +81.3% |
| Suppliers | 440/4 | €2,120 | €3,842 | +€1,723 | +81.3% |
| Taxes, remuneration and social security | 45 | €1,327 | €1,490 | +€163 | +12.3% |
| Taxes | 450/3 | €1,327 | €1,490 | +€163 | +12.3% |
| Other amounts payable | 47/48 | €121 | €2,699 | +€2,578 | +2133.9% |
| Accrued charges and deferred income | 492/3 | - | €148 | +€148 | |
| Non-recurring operating income | 76A | - | €2,715 | +€2,715 | |
| Other operating charges | 640/8 | €588 | €603 | +€14 | +2.4% |
| Gross operating margin | 9900 | €14,148 | €16,625 | +€2,477 | +17.5% |
| Operating profit (loss) | 9901 | €13,560 | €16,023 | +€2,463 | +18.2% |
| Financial charges | 65/66B | €633 | €640 | +€7 | +1.1% |
| Recurring financial charges | 65 | €633 | €640 | +€7 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €12,927 | €15,383 | +€2,456 | +19.0% |
| Income taxes | 67/77 | €3,562 | €4,092 | +€530 | +14.9% |
| Profit (loss) for the period | 9904 | €9,365 | €11,291 | +€1,926 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,365 | €11,291 | +€1,926 | +20.6% |
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.