Favori Ecommerce: what changed
Favori Ecommerce
Largest movements
- Cash -€1.1m
down €1.1m (-46.4%), from €2.4m to €1.3m
mainly Other debts (-€1.5m) and Trade debts (-€57,518)
- Receivables within one year -€395,000
down €395,000 (-68.3%), from €578,616 to €183,616
of which Other amounts receivable: -€394,397
- Other debts -€1.5m
down €1.5m (-76.5%), from €1.9m to €454,043
- Profit (loss) carried forward +€76,527
up €76,527 (+9.0%), from €846,052 to €922,579
- Trade debts -€57,518
down €57,518 (-59.3%), from €96,964 to €39,446
- Tax, wage and social debts -€45,539
down €45,539 (-36.7%), from €124,124 to €78,585
of which Remuneration and social security: -€49,668
- Gross operating margin -€1.4m
down €1.4m (-77.0%), from €1.8m to €413,259
- Staff costs -€463,933
down €463,933 (-56.2%), from €825,296 to €361,363
- Taxes -€229,068
down €229,068 (-87.8%), from €260,808 to €31,740
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,002,213 | €1,494,653 | -€1.5m | -50.2% |
| Fixed assets | 21/28 | €49,497 | €39,439 | -€10,058 | -20.3% |
| Tangible fixed assets | 22/27 | €12,366 | €2,308 | -€10,058 | -81.3% |
| Plant, machinery and equipment | 23 | €10,661 | €1,141 | -€9,520 | -89.3% |
| Furniture and vehicles | 24 | €1,705 | €1,167 | -€538 | -31.6% |
| Financial fixed assets | 28 | €37,131 | €37,131 | = | 0.0% |
| Current assets | 29/58 | €2,952,716 | €1,455,214 | -€1.5m | -50.7% |
| Amounts receivable within one year | 40/41 | €578,616 | €183,616 | -€395,000 | -68.3% |
| Trade receivables | 40 | €2,027 | €1,424 | -€603 | -29.7% |
| Other amounts receivable | 41 | €576,589 | €182,192 | -€394,397 | -68.4% |
| Cash at bank and in hand | 54/58 | €2,373,714 | €1,271,399 | -€1.1m | -46.4% |
| Deferred charges and accrued income | 490/1 | €386 | €199 | -€187 | -48.4% |
| Total equity and liabilities | 10/49 | €3,002,213 | €1,494,653 | -€1.5m | -50.2% |
| Equity | 10/15 | €846,052 | - | -€846,052 | |
| Profit (loss) carried forward | 14 | €846,052 | €922,579 | +€76,527 | +9.0% |
| Amounts payable | 17/49 | €2,156,161 | €572,074 | -€1.6m | -73.5% |
| Amounts payable within one year | 42/48 | €2,156,161 | €572,074 | -€1.6m | -73.5% |
| Trade debts | 44 | €96,964 | €39,446 | -€57,518 | -59.3% |
| Suppliers | 440/4 | €96,964 | €39,446 | -€57,518 | -59.3% |
| Taxes, remuneration and social security | 45 | €124,124 | €78,585 | -€45,539 | -36.7% |
| Taxes | 450/3 | €13,296 | €17,425 | +€4,129 | +31.1% |
| Remuneration and social security | 454/9 | €110,828 | €61,160 | -€49,668 | -44.8% |
| Other amounts payable | 47/48 | €1,935,073 | €454,043 | -€1.5m | -76.5% |
| Non-recurring operating income | 76A | €4,564 | - | -€4,564 | |
| Remuneration, social security and pensions | 62 | €825,296 | €361,363 | -€463,933 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,154 | - | -€11,154 | |
| Gross operating margin | 9900 | €1,800,672 | €413,259 | -€1.4m | -77.0% |
| Operating profit (loss) | 9901 | €964,222 | €41,871 | -€922,351 | -95.7% |
| Financial income | 75/76B | €83,078 | €68,526 | -€14,552 | -17.5% |
| Recurring financial income | 75 | €83,078 | €68,526 | -€14,552 | -17.5% |
| Financial charges | 65/66B | €5,946 | €2,130 | -€3,816 | -64.2% |
| Recurring financial charges | 65 | €5,946 | €2,130 | -€3,816 | -64.2% |
| Profit (loss) for the period before taxes | 9903 | €1,041,354 | €108,267 | -€933,087 | -89.6% |
| Income taxes | 67/77 | €260,808 | €31,740 | -€229,068 | -87.8% |
| Profit (loss) for the period | 9904 | €780,546 | €76,527 | -€704,019 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €780,546 | €76,527 | -€704,019 | -90.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.