FAVRAY JEAN-LUC: 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.
FAVRAY JEAN-LUC
Largest movements
- Tangible fixed assets -€17,553
down €17,553 (-21.8%), from €80,517 to €62,964
- Cash +€8,040
up €8,040 (+11.7%), from €68,440 to €76,480
mainly Depreciation (+€17,773) and Stocks and contracts (+€995)
- Receivables within one year +€3,904
up €3,904 (+13.7%), from €28,447 to €32,351
of which Trade receivables: +€2,814
- Profit (loss) carried forward -€3,662
down €3,662 (-2.5%), from €148,031 to €144,369
- Financial income -€15,196
down €15,196 (-83.5%), from €18,188 to €2,992
- Depreciation +€11,352
up €11,352 (+177%), from €6,421 to €17,773
- Gross operating margin +€2,539
up €2,539 (+21.8%), from €11,665 to €14,204
- Taxes +€848
up €848 (+73.6%), from €1,152 to €2,000
- Other operating charges -€428
down €428 (-35.5%), from €1,207 to €779
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 | €287,141 | €280,777 | -€6,364 | -2.2% |
| Formation expenses | 20 | €771 | €550 | -€221 | -28.7% |
| Fixed assets | 21/28 | €80,517 | €62,964 | -€17,553 | -21.8% |
| Tangible fixed assets | 22/27 | €80,517 | €62,964 | -€17,553 | -21.8% |
| Furniture and vehicles | 24 | €80,517 | €62,964 | -€17,553 | -21.8% |
| Current assets | 29/58 | €205,853 | €217,263 | +€11,410 | +5.5% |
| Stocks and contracts in progress | 3 | €1,849 | €854 | -€995 | -53.8% |
| Stocks | 30/36 | €1,849 | €854 | -€995 | -53.8% |
| Amounts receivable within one year | 40/41 | €28,447 | €32,351 | +€3,904 | +13.7% |
| Trade receivables | 40 | €8,571 | €11,385 | +€2,814 | +32.8% |
| Other amounts receivable | 41 | €19,876 | €20,966 | +€1,090 | +5.5% |
| Current investments | 50/53 | €107,117 | €107,578 | +€461 | +0.4% |
| Cash at bank and in hand | 54/58 | €68,440 | €76,480 | +€8,040 | +11.7% |
| Total equity and liabilities | 10/49 | €287,141 | €280,777 | -€6,364 | -2.2% |
| Equity | 10/15 | €278,491 | €274,829 | -€3,662 | -1.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €111,860 | €110,000 | -€1,860 | -1.7% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,031 | €144,369 | -€3,662 | -2.5% |
| Amounts payable | 17/49 | €8,650 | €5,948 | -€2,702 | -31.2% |
| Amounts payable within one year | 42/48 | €8,650 | €5,948 | -€2,702 | -31.2% |
| Trade debts | 44 | €7,650 | €4,830 | -€2,820 | -36.9% |
| Suppliers | 440/4 | €7,650 | €4,830 | -€2,820 | -36.9% |
| Taxes, remuneration and social security | 45 | €1,000 | €1,118 | +€118 | +11.8% |
| Taxes | 450/3 | €1,000 | €1,118 | +€118 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,421 | €17,773 | +€11,352 | +177% |
| Other operating charges | 640/8 | €1,207 | €779 | -€428 | -35.5% |
| Non-recurring operating charges | 66A | - | €180 | +€180 | |
| Gross operating margin | 9900 | €11,665 | €14,204 | +€2,539 | +21.8% |
| Operating profit (loss) | 9901 | €4,037 | -€4,528 | -€8,565 | |
| Financial income | 75/76B | €18,188 | €2,992 | -€15,196 | -83.5% |
| Recurring financial income | 75 | €18,188 | €2,992 | -€15,196 | -83.5% |
| Financial charges | 65/66B | €398 | €126 | -€272 | -68.3% |
| Recurring financial charges | 65 | €398 | €126 | -€272 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | €21,827 | -€1,662 | -€23,489 | |
| Income taxes | 67/77 | €1,152 | €2,000 | +€848 | +73.6% |
| Profit (loss) for the period | 9904 | €20,675 | -€3,662 | -€24,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,675 | -€3,662 | -€24,337 |
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 27 October 2026 via checked.be.