FAVINCO: 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.
FAVINCO
Largest movements
- Current investments +€694,671
up €694,671 (+19.3%), from €3.6m to €4.3m
- Cash -€61,138
down €61,138 (-20.5%), from €297,830 to €236,692
mainly Current investments (-€694,671) and Tax, wage and social debts (-€11,307)
- Reserves +€612,822
up €612,822 (+15.8%), from €3.9m to €4.5m
of which Distributable reserves: +€612,822
- Financial income +€45,884
up €45,884 (+172.3%), from €26,626 to €72,510
- Gross operating margin -€41,586
down €41,586 (-4.5%), from €915,723 to €874,137
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 | €4,033,016 | €4,636,313 | +€603,297 | +15.0% |
| Fixed assets | 21/28 | €116,884 | €90,682 | -€26,201 | -22.4% |
| Tangible fixed assets | 22/27 | €116,884 | €90,682 | -€26,201 | -22.4% |
| Plant, machinery and equipment | 23 | €16,852 | €12,681 | -€4,171 | -24.7% |
| Furniture and vehicles | 24 | €100,032 | €78,001 | -€22,030 | -22.0% |
| Current assets | 29/58 | €3,916,132 | €4,545,631 | +€629,498 | +16.1% |
| Amounts receivable within one year | 40/41 | €525 | €43 | -€482 | -91.8% |
| Trade receivables | 40 | - | €9 | +€9 | |
| Other amounts receivable | 41 | €525 | €34 | -€491 | -93.6% |
| Current investments | 50/53 | €3,606,093 | €4,300,764 | +€694,671 | +19.3% |
| Cash at bank and in hand | 54/58 | €297,830 | €236,692 | -€61,138 | -20.5% |
| Deferred charges and accrued income | 490/1 | €11,684 | €8,132 | -€3,552 | -30.4% |
| Total equity and liabilities | 10/49 | €4,033,016 | €4,636,313 | +€603,297 | +15.0% |
| Equity | 10/15 | €3,888,391 | €4,501,213 | +€612,822 | +15.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,875,991 | €4,488,813 | +€612,822 | +15.8% |
| Non-distributable reserves | 130/1 | €21,592 | €21,592 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,592 | €21,592 | = | 0.0% |
| Distributable reserves | 133 | €3,854,399 | €4,467,221 | +€612,822 | +15.9% |
| Amounts payable | 17/49 | €144,625 | €135,100 | -€9,525 | -6.6% |
| Amounts payable within one year | 42/48 | €144,625 | €135,100 | -€9,525 | -6.6% |
| Trade debts | 44 | €767 | €1,647 | +€880 | +114.8% |
| Suppliers | 440/4 | €767 | €1,647 | +€880 | +114.8% |
| Taxes, remuneration and social security | 45 | €136,495 | €125,188 | -€11,307 | -8.3% |
| Taxes | 450/3 | €136,495 | €125,188 | -€11,307 | -8.3% |
| Other amounts payable | 47/48 | €7,363 | €8,266 | +€902 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,788 | €30,555 | +€3,767 | +14.1% |
| Other operating charges | 640/8 | €3,784 | €3,732 | -€52 | -1.4% |
| Gross operating margin | 9900 | €915,723 | €874,137 | -€41,586 | -4.5% |
| Operating profit (loss) | 9901 | €885,151 | €839,849 | -€45,302 | -5.1% |
| Financial income | 75/76B | €26,626 | €72,510 | +€45,884 | +172.3% |
| Recurring financial income | 75 | €26,626 | €72,510 | +€45,884 | +172.3% |
| Financial charges | 65/66B | €888 | €1,406 | +€518 | +58.4% |
| Recurring financial charges | 65 | €888 | €1,406 | +€518 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €910,890 | €910,954 | +€64 | 0.0% |
| Income taxes | 67/77 | €291,674 | €298,132 | +€6,458 | +2.2% |
| Profit (loss) for the period | 9904 | €619,216 | €612,822 | -€6,394 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €619,216 | €612,822 | -€6,394 | -1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.