FAVIMO: 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
FAVIMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,116
2024 · €6,320+€5,796
Equity
€1.2m
2024 · €1.2m+€12,116
Cash
€630,302
2024 · €689,289-€58,987
Balance sheet total
€7.6m
2024 · €5.7m+€1.9m
Largest movements
Assets
- Tangible fixed assets +€1.8m
up €1.8m (+37.0%), from €4.8m to €6.6m
of which Land and buildings: +€2.0m
- Deferred charges and accrued income +€197,526
up €197,526 (+3464.0%), from €5,702 to €203,228
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+39.4%), from €3.1m to €4.3m
of which Financial debts: +€1.2m
- Current portion of long-term debt +€460,354
up €460,354 (+398.1%), from €115,643 to €575,998
- Trade debts +€332,633
up €332,633 (+90.0%), from €369,442 to €702,074
- Accrued charges and deferred income -€97,953
down €97,953 (-71.0%), from €138,024 to €40,071
Income statement
- Gross operating margin +€246,666
up €246,666 (+133.4%), from €184,967 to €431,633
- Staff costs +€104,110
up €104,110 (+48163.6%), from €216 to €104,327
- Financial charges +€87,023
up €87,023 (+171.8%), from €50,642 to €137,665
- Depreciation +€63,893
up €63,893 (+86.9%), from €73,504 to €137,396
- Other operating charges -€11,404
down €11,404 (-23.5%), from €48,576 to €37,173
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
€6,320
Gross operating margin
+€246,666
Staff costs
-€104,110
Depreciation
-€63,893
Other operating charges
+€11,404
Financial income
+€701
Financial charges
-€87,023
Taxes
+€2,052
Result 2025
€12,116
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.
From operations
+€180,913
Investment
-€1.9m
Financing
+€1.7m
Cash 2024
€689,289
From operations (derived)
+€180,913
Net result for the year
+€12,116
Depreciation
+€137,396
Stocks and contracts
+€10,000
Receivables within one year
+€14,301
Deferred charges and accrued income
-€197,526
Trade debts
+€332,633
Tax, wage and social debts
+€25,436
Other debts
-€55,489
Accrued charges and deferred income
-€97,953
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.9m
Financing
+€1.7m
Debts after one year
+€1.2m
Current portion of long-term debt
+€460,354
Short-term financial debts
+€702
Cash 2025
€630,302
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,730,925 | €7,623,653 | +€1.9m | +33.0% |
| Fixed assets | 21/28 | €4,810,927 | €6,589,417 | +€1.8m | +37.0% |
| Tangible fixed assets | 22/27 | €4,809,897 | €6,588,387 | +€1.8m | +37.0% |
| Land and buildings | 22 | €4,569,692 | €6,582,231 | +€2.0m | +44.0% |
| Furniture and vehicles | 24 | €5,154 | €3,997 | -€1,157 | -22.4% |
| Assets under construction and advance payments | 27 | €235,050 | €2,159 | -€232,892 | -99.1% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €919,998 | €1,034,235 | +€114,238 | +12.4% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Stocks | 30/36 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €215,006 | €200,705 | -€14,301 | -6.7% |
| Trade receivables | 40 | €37,400 | €28,908 | -€8,492 | -22.7% |
| Other amounts receivable | 41 | €177,606 | €171,797 | -€5,809 | -3.3% |
| Cash at bank and in hand | 54/58 | €689,289 | €630,302 | -€58,987 | -8.6% |
| Deferred charges and accrued income | 490/1 | €5,702 | €203,228 | +€197,526 | +3464.0% |
| Total equity and liabilities | 10/49 | €5,730,925 | €7,623,653 | +€1.9m | +33.0% |
| Equity | 10/15 | €1,168,929 | €1,181,044 | +€12,116 | +1.0% |
| Contributions | 10/11 | €171,615 | €171,615 | = | 0.0% |
| Revaluation surpluses | 12 | €790,701 | €762,812 | -€27,888 | -3.5% |
| Reserves | 13 | €164,117 | €192,006 | +€27,888 | +17.0% |
| Non-distributable reserves | 130/1 | €138,909 | €166,797 | +€27,888 | +20.1% |
| Reserves not available under the articles | 1311 | €138,909 | €166,797 | +€27,888 | +20.1% |
| Distributable reserves | 133 | €25,209 | €25,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,496 | €54,611 | +€12,116 | +28.5% |
| Amounts payable | 17/49 | €4,561,996 | €6,442,608 | +€1.9m | +41.2% |
| Amounts payable after more than one year | 17 | €3,083,058 | €4,297,989 | +€1.2m | +39.4% |
| Financial debts | 170/4 | €3,042,366 | €4,269,873 | +€1.2m | +40.3% |
| Other amounts payable | 178/9 | €40,692 | €28,117 | -€12,576 | -30.9% |
| Amounts payable within one year | 42/48 | €1,340,914 | €2,104,549 | +€763,635 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €115,643 | €575,998 | +€460,354 | +398.1% |
| Financial debts | 43 | - | €702 | +€702 | |
| Credit institutions | 430/8 | - | €702 | +€702 | |
| Trade debts | 44 | €369,442 | €702,074 | +€332,633 | +90.0% |
| Suppliers | 440/4 | €369,442 | €702,074 | +€332,633 | +90.0% |
| Taxes, remuneration and social security | 45 | €9,694 | €35,130 | +€25,436 | +262.4% |
| Taxes | 450/3 | €9,694 | €19,313 | +€9,618 | +99.2% |
| Remuneration and social security | 454/9 | - | €15,817 | +€15,817 | |
| Other amounts payable | 47/48 | €846,134 | €790,645 | -€55,489 | -6.6% |
| Accrued charges and deferred income | 492/3 | €138,024 | €40,071 | -€97,953 | -71.0% |
| Remuneration, social security and pensions | 62 | €216 | €104,327 | +€104,110 | +48163.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,504 | €137,396 | +€63,893 | +86.9% |
| Other operating charges | 640/8 | €48,576 | €37,173 | -€11,404 | -23.5% |
| Gross operating margin | 9900 | €184,967 | €431,633 | +€246,666 | +133.4% |
| Operating profit (loss) | 9901 | €62,671 | €152,738 | +€90,066 | +143.7% |
| Financial income | 75/76B | €2 | €703 | +€701 | +39370.8% |
| Recurring financial income | 75 | €2 | €703 | +€701 | +39370.8% |
| Financial charges | 65/66B | €50,642 | €137,665 | +€87,023 | +171.8% |
| Recurring financial charges | 65 | €50,642 | €137,665 | +€87,023 | +171.8% |
| Profit (loss) for the period before taxes | 9903 | €12,031 | €15,775 | +€3,744 | +31.1% |
| Income taxes | 67/77 | €5,711 | €3,659 | -€2,052 | -35.9% |
| Profit (loss) for the period | 9904 | €6,320 | €12,116 | +€5,796 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,320 | €12,116 | +€5,796 | +91.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.