FAVIMO: 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.
FAVIMO
Largest movements
- Cash -€6,821
down €6,821 (-90.7%), from €7,520 to €700
mainly Net result for the year (-€15,028) and Tax, wage and social debts (-€8,105)
- Other debts +€18,300
up €18,300 (+26.4%), from €69,200 to €87,500
- Profit (loss) carried forward -€15,028
down €15,028 (-2.0%), from -€763,507 to -€778,536
- Tax, wage and social debts -€8,105
no longer reported in 2024 (was €8,105)
- Trade debts -€6,970
down €6,970 (-9.5%), from €73,581 to €66,612
- Accrued charges and deferred income +€4,661
up €4,661 (+42.6%), from €10,947 to €15,608
- Turnover -€104,598
down €104,598 (-100.0%), from €104,598 to €0
- Staff costs -€103,882
down €103,882 (-97.7%), from €106,322 to €2,440
- Gross operating margin -€102,347
down €102,347, from €93,342 to -€9,005
- Purchases and services -€9,901
down €9,901 (-52.1%), from €18,987 to €9,086
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 | €423,146 | €416,004 | -€7,143 | -1.7% |
| Current assets | 29/58 | €423,146 | €416,004 | -€7,143 | -1.7% |
| Stocks and contracts in progress | 3 | €406,800 | €406,800 | = | 0.0% |
| Stocks | 30/36 | €406,800 | €406,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,826 | €8,504 | -€322 | -3.6% |
| Trade receivables | 40 | €467 | €467 | = | 0.0% |
| Other amounts receivable | 41 | €8,359 | €8,037 | -€322 | -3.9% |
| Cash at bank and in hand | 54/58 | €7,520 | €700 | -€6,821 | -90.7% |
| Total equity and liabilities | 10/49 | €423,146 | €416,004 | -€7,143 | -1.7% |
| Equity | 10/15 | -€694,316 | -€709,344 | -€15,028 | -2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,192 | €7,192 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €992 | €992 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€763,507 | -€778,536 | -€15,028 | -2.0% |
| Amounts payable | 17/49 | €1,117,462 | €1,125,348 | +€7,886 | +0.7% |
| Amounts payable after more than one year | 17 | €955,628 | €955,628 | = | 0.0% |
| Trade debts | 175 | €955,628 | €955,628 | = | 0.0% |
| Amounts payable within one year | 42/48 | €150,887 | €154,112 | +€3,225 | +2.1% |
| Trade debts | 44 | €73,581 | €66,612 | -€6,970 | -9.5% |
| Suppliers | 440/4 | €73,581 | €66,612 | -€6,970 | -9.5% |
| Taxes, remuneration and social security | 45 | €8,105 | - | -€8,105 | |
| Remuneration and social security | 454/9 | €8,105 | - | -€8,105 | |
| Other amounts payable | 47/48 | €69,200 | €87,500 | +€18,300 | +26.4% |
| Accrued charges and deferred income | 492/3 | €10,947 | €15,608 | +€4,661 | +42.6% |
| Turnover | 70 | €104,598 | €0 | -€104,598 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,987 | €9,086 | -€9,901 | -52.1% |
| Remuneration, social security and pensions | 62 | €106,322 | €2,440 | -€103,882 | -97.7% |
| Other operating charges | 640/8 | €45 | €47 | +€1 | +2.7% |
| Gross operating margin | 9900 | €93,342 | -€9,005 | -€102,347 | |
| Operating profit (loss) | 9901 | -€13,025 | -€11,491 | +€1,534 | +11.8% |
| Financial charges | 65/66B | €2,720 | €3,537 | +€817 | +30.0% |
| Recurring financial charges | 65 | €2,720 | €3,537 | +€817 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,745 | -€15,028 | +€716 | +4.5% |
| Profit (loss) for the period | 9904 | -€15,745 | -€15,028 | +€716 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,745 | -€15,028 | +€716 | +4.5% |
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 28 September 2026 via checked.be.