FAVORIE: 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.
FAVORIE
Largest movements
- Stocks and contracts -€1,046
no longer reported in 2025 (was €1,046)
- Receivables within one year -€244
down €244 (-48.2%), from €507 to €262
- Cash +€29
up €29 (+417%), from €7 to €36
mainly Other debts (+€4,914) and Trade debts (+€1,993)
- Profit (loss) carried forward -€7,801
down €7,801 (-60.9%), from -€12,819 to -€20,620
- Other debts +€4,914
up €4,914 (+61.8%), from €7,952 to €12,865
- Trade debts +€1,993
up €1,993 (+104%), from €1,913 to €3,907
- Tax, wage and social debts -€368
down €368 (-8.3%), from €4,413 to €4,045
of which Taxes: -€287
- Staff costs -€2,878
no longer reported in 2025 (was €2,878)
- Gross operating margin +€726
up €726 (+8.6%), from -€8,419 to -€7,693
- Other operating charges -€141
no longer reported in 2025 (was €141)
- Financial charges +€85
up €85 (+379%), from €23 to €108
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.
Derived cash bridge
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 | €1,560 | €298 | -€1,262 | -80.9% |
| Current assets | 29/58 | €1,560 | €298 | -€1,262 | -80.9% |
| Stocks and contracts in progress | 3 | €1,046 | - | -€1,046 | |
| Stocks | 30/36 | €1,046 | - | -€1,046 | |
| Amounts receivable within one year | 40/41 | €507 | €262 | -€244 | -48.2% |
| Trade receivables | 40 | €507 | €262 | -€244 | -48.2% |
| Cash at bank and in hand | 54/58 | €7 | €36 | +€29 | +417% |
| Total equity and liabilities | 10/49 | €1,560 | €298 | -€1,262 | -80.9% |
| Equity | 10/15 | -€12,719 | -€20,520 | -€7,801 | -61.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Capital | 10 | €100 | €100 | = | 0.0% |
| Issued capital | 100 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,819 | -€20,620 | -€7,801 | -60.9% |
| Amounts payable | 17/49 | €14,278 | €20,818 | +€6,539 | +45.8% |
| Amounts payable within one year | 42/48 | €14,278 | €20,818 | +€6,539 | +45.8% |
| Trade debts | 44 | €1,913 | €3,907 | +€1,993 | +104% |
| Suppliers | 440/4 | €1,913 | €3,907 | +€1,993 | +104% |
| Taxes, remuneration and social security | 45 | €4,413 | €4,045 | -€368 | -8.3% |
| Taxes | 450/3 | €3,725 | €3,438 | -€287 | -7.7% |
| Remuneration and social security | 454/9 | €688 | €607 | -€81 | -11.8% |
| Other amounts payable | 47/48 | €7,952 | €12,865 | +€4,914 | +61.8% |
| Remuneration, social security and pensions | 62 | €2,878 | - | -€2,878 | |
| Other operating charges | 640/8 | €141 | - | -€141 | |
| Gross operating margin | 9900 | -€8,419 | -€7,693 | +€726 | +8.6% |
| Operating profit (loss) | 9901 | -€11,438 | -€7,693 | +€3,745 | +32.7% |
| Financial charges | 65/66B | €23 | €108 | +€85 | +379% |
| Recurring financial charges | 65 | €23 | €108 | +€85 | +379% |
| Profit (loss) for the period before taxes | 9903 | -€11,461 | -€7,801 | +€3,660 | +31.9% |
| Profit (loss) for the period | 9904 | -€11,461 | -€7,801 | +€3,660 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,461 | -€7,801 | +€3,660 | +31.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.