FAVONIUS: 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.
FAVONIUS
Largest movements
- Cash -€23,443
down €23,443 (-31.9%), from €73,421 to €49,979
mainly Contributions, distributions and other (-€132,756) and Investment in fixed assets (net) (-€21,169)
- Tangible fixed assets +€18,861
up €18,861 (+363.5%), from €5,189 to €24,050
- Current investments +€10,000
up €10,000 (+20.0%), from €50,000 to €60,000
- Receivables within one year +€8,595
up €8,595 (+28.2%), from €30,519 to €39,114
of which Other amounts receivable: +€5,967
- Other debts +€15,247
up €15,247 (+15.6%), from €97,727 to €112,974
- Trade debts -€1,916
down €1,916 (-55.0%), from €3,483 to €1,567
- Gross operating margin +€20,824
up €20,824 (+13.5%), from €154,724 to €175,547
- Taxes +€4,751
up €4,751 (+13.3%), from €35,737 to €40,487
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 | €159,323 | €173,793 | +€14,470 | +9.1% |
| Fixed assets | 21/28 | €5,189 | €24,050 | +€18,861 | +363.5% |
| Tangible fixed assets | 22/27 | €5,189 | €24,050 | +€18,861 | +363.5% |
| Furniture and vehicles | 24 | €5,189 | €24,050 | +€18,861 | +363.5% |
| Current assets | 29/58 | €154,134 | €149,743 | -€4,391 | -2.8% |
| Amounts receivable within one year | 40/41 | €30,519 | €39,114 | +€8,595 | +28.2% |
| Trade receivables | 40 | €30,519 | €33,147 | +€2,628 | +8.6% |
| Other amounts receivable | 41 | €0 | €5,967 | +€5,967 | |
| Current investments | 50/53 | €50,000 | €60,000 | +€10,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €73,421 | €49,979 | -€23,443 | -31.9% |
| Deferred charges and accrued income | 490/1 | €194 | €650 | +€456 | +235.6% |
| Total equity and liabilities | 10/49 | €159,323 | €173,793 | +€14,470 | +9.1% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €140,723 | €155,193 | +€14,470 | +10.3% |
| Amounts payable within one year | 42/48 | €140,723 | €155,193 | +€14,470 | +10.3% |
| Trade debts | 44 | €3,483 | €1,567 | -€1,916 | -55.0% |
| Suppliers | 440/4 | €3,483 | €1,567 | -€1,916 | -55.0% |
| Taxes, remuneration and social security | 45 | €39,513 | €40,652 | +€1,139 | +2.9% |
| Taxes | 450/3 | €39,513 | €40,652 | +€1,139 | +2.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €97,727 | €112,974 | +€15,247 | +15.6% |
| Non-recurring operating income | 76A | - | €2,431 | +€2,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €968 | €2,308 | +€1,340 | +138.4% |
| Other operating charges | 640/8 | €766 | €793 | +€27 | +3.5% |
| Non-recurring operating charges | 66A | €2,299 | €525 | -€1,774 | -77.2% |
| Gross operating margin | 9900 | €154,724 | €175,547 | +€20,824 | +13.5% |
| Operating profit (loss) | 9901 | €150,691 | €171,923 | +€21,231 | +14.1% |
| Financial income | 75/76B | €44 | €1,515 | +€1,471 | +3330.5% |
| Recurring financial income | 75 | €44 | €1,515 | +€1,471 | +3330.5% |
| Financial charges | 65/66B | €155 | €195 | +€40 | +25.5% |
| Recurring financial charges | 65 | €155 | €195 | +€40 | +25.5% |
| Profit (loss) for the period before taxes | 9903 | €150,580 | €173,243 | +€22,663 | +15.1% |
| Income taxes | 67/77 | €35,737 | €40,487 | +€4,751 | +13.3% |
| Profit (loss) for the period | 9904 | €114,844 | €132,756 | +€17,912 | +15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €114,844 | €132,756 | +€17,912 | +15.6% |
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 4 October 2026 via checked.be.