FAVESAN: 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.
What changed
FAVESAN
NACE 43.221, Plumbing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9,855
2024 · €16,127-€6,272
Equity
€166,536
2024 · €156,682+€9,855
Cash
€106,159
2024 · €105,403+€756
Balance sheet total
€243,706
2024 · €218,616+€25,090
Largest movements
Assets
- Tangible fixed assets +€28,647
up €28,647 (+1,255%), from €2,283 to €30,930
of which Furniture and vehicles: +€28,917
- Receivables within one year -€3,010
down €3,010 (-4.3%), from €69,876 to €66,866
of which Trade receivables: -€1,948
Equity and liabilities
- Debts after one year +€21,041
new in 2025: €21,041
- Trade debts -€12,557
down €12,557 (-28.6%), from €43,833 to €31,276
- Profit (loss) carried forward +€9,855
up €9,855 (+15.7%), from -€62,588 to -€52,733
- Current portion of long-term debt +€5,979
up €5,979, from €0 to €5,979
Income statement
- Gross operating margin -€21,596
down €21,596 (-28.1%), from €76,784 to €55,188
- Staff costs -€20,823
down €20,823 (-37.3%), from €55,886 to €35,063
- Depreciation +€4,626
up €4,626 (+340%), from €1,359 to €5,985
- Other operating charges -€1,937
down €1,937 (-47.7%), from €4,060 to €2,124
- Write-downs +€1,391
up €1,391, from -€1,391 to €0
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
€16,127
Gross operating margin
-€21,596
Staff costs
+€20,823
Depreciation
-€4,626
Write-downs
-€1,391
Other operating charges
+€1,937
Financial income
-€130
Financial charges
-€1,278
Taxes
-€11
Result 2025
€9,855
raises the resultlowers the result
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.
From operations
+€8,367
Investment
-€34,631
Financing
+€27,020
Cash 2024
€105,403
From operations (derived)
+€8,367
Net result for the year
+€9,855
Depreciation
+€5,985
Stocks and contracts
-€5
Receivables within one year
+€3,010
Deferred charges and accrued income
+€1,307
Trade debts
-€12,557
Tax, wage and social debts
+€893
Other debts
-€1,097
Accrued charges and deferred income
+€977
Investment (derived)
-€34,631
Investment in fixed assets (net)
-€34,631
Financing
+€27,020
Debts after one year
+€21,041
Current portion of long-term debt
+€5,979
Cash 2025
€106,159
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €218,616 | €243,706 | +€25,090 | +11.5% |
| Fixed assets | 21/28 | €4,437 | €33,084 | +€28,647 | +646% |
| Tangible fixed assets | 22/27 | €2,283 | €30,930 | +€28,647 | +1,255% |
| Plant, machinery and equipment | 23 | €2,164 | €1,894 | -€270 | -12.5% |
| Furniture and vehicles | 24 | €118 | €29,035 | +€28,917 | +24,435% |
| Financial fixed assets | 28 | €2,154 | €2,154 | = | 0.0% |
| Current assets | 29/58 | €214,179 | €210,622 | -€3,556 | -1.7% |
| Stocks and contracts in progress | 3 | €28,547 | €28,552 | +€5 | 0.0% |
| Stocks | 30/36 | €28,547 | €28,552 | +€5 | 0.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €69,876 | €66,866 | -€3,010 | -4.3% |
| Trade receivables | 40 | €66,314 | €64,367 | -€1,948 | -2.9% |
| Other amounts receivable | 41 | €3,562 | €2,499 | -€1,063 | -29.8% |
| Current investments | 50/53 | €7,765 | €7,765 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,403 | €106,159 | +€756 | +0.7% |
| Deferred charges and accrued income | 490/1 | €2,588 | €1,281 | -€1,307 | -50.5% |
| Total equity and liabilities | 10/49 | €218,616 | €243,706 | +€25,090 | +11.5% |
| Equity | 10/15 | €156,682 | €166,536 | +€9,855 | +6.3% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Reserves | 13 | €29,270 | €29,270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €29,270 | €29,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,588 | -€52,733 | +€9,855 | +15.7% |
| Provisions and deferred taxes | 16 | €1,427 | €1,427 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,427 | €1,427 | = | 0.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €1,427 | €1,427 | = | 0.0% |
| Amounts payable | 17/49 | €60,507 | €75,743 | +€15,236 | +25.2% |
| Amounts payable after more than one year | 17 | - | €21,041 | +€21,041 | |
| Financial debts | 170/4 | - | €21,041 | +€21,041 | |
| Amounts payable within one year | 42/48 | €60,270 | €53,488 | -€6,782 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,979 | +€5,979 | |
| Trade debts | 44 | €43,833 | €31,276 | -€12,557 | -28.6% |
| Suppliers | 440/4 | €43,833 | €31,276 | -€12,557 | -28.6% |
| Taxes, remuneration and social security | 45 | €5,842 | €6,735 | +€893 | +15.3% |
| Taxes | 450/3 | €1,592 | €1,653 | +€61 | +3.8% |
| Remuneration and social security | 454/9 | €4,250 | €5,082 | +€833 | +19.6% |
| Other amounts payable | 47/48 | €10,595 | €9,498 | -€1,097 | -10.4% |
| Accrued charges and deferred income | 492/3 | €237 | €1,214 | +€977 | +412% |
| Remuneration, social security and pensions | 62 | €55,886 | €35,063 | -€20,823 | -37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €5,985 | +€4,626 | +340% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,391 | €0 | +€1,391 | |
| Other operating charges | 640/8 | €4,060 | €2,124 | -€1,937 | -47.7% |
| Gross operating margin | 9900 | €76,784 | €55,188 | -€21,596 | -28.1% |
| Operating profit (loss) | 9901 | €16,870 | €12,017 | -€4,854 | -28.8% |
| Financial income | 75/76B | €463 | €333 | -€130 | -28.0% |
| Recurring financial income | 75 | €463 | €333 | -€130 | -28.0% |
| Financial charges | 65/66B | €852 | €2,130 | +€1,278 | +150% |
| Recurring financial charges | 65 | €852 | €2,130 | +€1,278 | +150% |
| Profit (loss) for the period before taxes | 9903 | €16,481 | €10,220 | -€6,261 | -38.0% |
| Income taxes | 67/77 | €355 | €365 | +€11 | +3.1% |
| Profit (loss) for the period | 9904 | €16,127 | €9,855 | -€6,272 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,127 | €9,855 | -€6,272 | -38.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.