FAVOLA: 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.
FAVOLA
Largest movements
- Cash -€18,850
down €18,850 (-22.9%), from €82,334 to €63,483
mainly Receivables within one year (-€11,942) and Net result for the year (-€7,553)
- Receivables within one year +€11,942
up €11,942 (+97.5%), from €12,250 to €24,192
- Profit (loss) carried forward -€7,553
down €7,553 (-10.3%), from €73,643 to €66,090
- Gross operating margin +€2,966
up €2,966 (+41.6%), from -€7,125 to -€4,159
- Depreciation -€675
down €675 (-66.0%), from €1,022 to €347
- Other operating charges +€104
up €104 (+6.6%), from €1,583 to €1,688
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 | €96,218 | €88,981 | -€7,237 | -7.5% |
| Fixed assets | 21/28 | €788 | €441 | -€347 | -44.1% |
| Tangible fixed assets | 22/27 | €788 | €441 | -€347 | -44.1% |
| Plant, machinery and equipment | 23 | €776 | €441 | -€335 | -43.2% |
| Furniture and vehicles | 24 | €12 | - | -€12 | |
| Current assets | 29/58 | €95,430 | €88,540 | -€6,890 | -7.2% |
| Amounts receivable within one year | 40/41 | €12,250 | €24,192 | +€11,942 | +97.5% |
| Other amounts receivable | 41 | €12,250 | €24,192 | +€11,942 | +97.5% |
| Cash at bank and in hand | 54/58 | €82,334 | €63,483 | -€18,850 | -22.9% |
| Deferred charges and accrued income | 490/1 | €846 | €864 | +€19 | +2.2% |
| Total equity and liabilities | 10/49 | €96,218 | €88,981 | -€7,237 | -7.5% |
| Equity | 10/15 | €94,094 | €86,541 | -€7,553 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,643 | €66,090 | -€7,553 | -10.3% |
| Amounts payable | 17/49 | €2,124 | €2,440 | +€316 | +14.9% |
| Amounts payable within one year | 42/48 | €2,124 | €2,440 | +€316 | +14.9% |
| Taxes, remuneration and social security | 45 | €2,124 | €2,440 | +€316 | +14.9% |
| Taxes | 450/3 | €2,124 | €2,440 | +€316 | +14.9% |
| Remuneration, social security and pensions | 62 | €400 | €378 | -€22 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,022 | €347 | -€675 | -66.0% |
| Other operating charges | 640/8 | €1,583 | €1,688 | +€104 | +6.6% |
| Gross operating margin | 9900 | -€7,125 | -€4,159 | +€2,966 | +41.6% |
| Operating profit (loss) | 9901 | -€10,131 | -€6,572 | +€3,559 | +35.1% |
| Financial charges | 65/66B | €65 | €66 | +€1 | +1.6% |
| Recurring financial charges | 65 | €65 | €66 | +€1 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,196 | -€6,638 | +€3,558 | +34.9% |
| Income taxes | 67/77 | €934 | €915 | -€19 | -2.1% |
| Profit (loss) for the period | 9904 | -€11,130 | -€7,553 | +€3,577 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,130 | -€7,553 | +€3,577 | +32.1% |
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 5 October 2026 via checked.be.