FAWIN: 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.
FAWIN
Largest movements
- Tangible fixed assets -€176,554
down €176,554 (-40.0%), from €440,908 to €264,353
of which Leasing and similar rights: -€222,746
- Cash +€33,615
up €33,615 (+204.6%), from €16,433 to €50,048
mainly Net result for the year (+€100,776) and Depreciation (+€92,219)
- Stocks and contracts -€15,487
down €15,487 (-22.0%), from €70,282 to €54,795
- Receivables within one year -€6,240
down €6,240 (-11.9%), from €52,602 to €46,362
of which Trade receivables: -€8,923
- Debts after one year -€195,546
down €195,546 (-78.7%), from €248,419 to €52,873
- Profit (loss) carried forward +€82,248
no longer reported in 2025 (was -€82,248)
- Current portion of long-term debt -€42,401
down €42,401 (-47.0%), from €90,222 to €47,820
- Reserves +€18,527
up €18,527 (+19.7%), from €93,820 to €112,347
- Other debts -€18,000
down €18,000 (-17.4%), from €103,404 to €85,404
- Gross operating margin +€137,886
up €137,886 (+71.9%), from €191,873 to €329,759
- Depreciation -€47,085
down €47,085 (-33.8%), from €139,305 to €92,219
- Other operating charges +€6,983
up €6,983 (+27.9%), from €25,016 to €31,998
- Financial charges -€6,468
down €6,468 (-31.1%), from €20,824 to €14,356
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 | €584,376 | €416,388 | -€167,988 | -28.7% |
| Fixed assets | 21/28 | €440,908 | €264,353 | -€176,554 | -40.0% |
| Tangible fixed assets | 22/27 | €440,908 | €264,353 | -€176,554 | -40.0% |
| Plant, machinery and equipment | 23 | €60,879 | €32,860 | -€28,018 | -46.0% |
| Furniture and vehicles | 24 | €80,168 | €154,379 | +€74,210 | +92.6% |
| Leasing and similar rights | 25 | €299,860 | €77,114 | -€222,746 | -74.3% |
| Current assets | 29/58 | €143,469 | €152,035 | +€8,566 | +6.0% |
| Stocks and contracts in progress | 3 | €70,282 | €54,795 | -€15,487 | -22.0% |
| Stocks | 30/36 | €70,282 | €54,795 | -€15,487 | -22.0% |
| Amounts receivable within one year | 40/41 | €52,602 | €46,362 | -€6,240 | -11.9% |
| Trade receivables | 40 | €47,417 | €38,494 | -€8,923 | -18.8% |
| Other amounts receivable | 41 | €5,185 | €7,867 | +€2,683 | +51.7% |
| Cash at bank and in hand | 54/58 | €16,433 | €50,048 | +€33,615 | +204.6% |
| Deferred charges and accrued income | 490/1 | €4,152 | €830 | -€3,322 | -80.0% |
| Total equity and liabilities | 10/49 | €584,376 | €416,388 | -€167,988 | -28.7% |
| Equity | 10/15 | €61,571 | €162,347 | +€100,776 | +163.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €93,820 | €112,347 | +€18,527 | +19.7% |
| Distributable reserves | 133 | €93,820 | €112,347 | +€18,527 | +19.7% |
| Profit (loss) carried forward | 14 | -€82,248 | - | +€82,248 | |
| Amounts payable | 17/49 | €522,805 | €254,041 | -€268,764 | -51.4% |
| Amounts payable after more than one year | 17 | €248,419 | €52,873 | -€195,546 | -78.7% |
| Financial debts | 170/4 | €248,419 | €52,873 | -€195,546 | -78.7% |
| Amounts payable within one year | 42/48 | €274,386 | €198,668 | -€75,718 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €90,222 | €47,820 | -€42,401 | -47.0% |
| Financial debts | 43 | €37,500 | €37,500 | = | 0.0% |
| Credit institutions | 430/8 | €37,500 | €37,500 | = | 0.0% |
| Trade debts | 44 | €31,861 | €16,409 | -€15,452 | -48.5% |
| Suppliers | 440/4 | €31,861 | €16,409 | -€15,452 | -48.5% |
| Taxes, remuneration and social security | 45 | €11,399 | €11,535 | +€135 | +1.2% |
| Taxes | 450/3 | €3,789 | €5,517 | +€1,727 | +45.6% |
| Remuneration and social security | 454/9 | €7,610 | €6,018 | -€1,592 | -20.9% |
| Other amounts payable | 47/48 | €103,404 | €85,404 | -€18,000 | -17.4% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €88,988 | €88,603 | -€385 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,305 | €92,219 | -€47,085 | -33.8% |
| Other operating charges | 640/8 | €25,016 | €31,998 | +€6,983 | +27.9% |
| Gross operating margin | 9900 | €191,873 | €329,759 | +€137,886 | +71.9% |
| Operating profit (loss) | 9901 | -€61,435 | €116,939 | +€178,374 | |
| Financial income | 75/76B | €11 | €45 | +€34 | +315.7% |
| Recurring financial income | 75 | €11 | €45 | +€34 | +315.7% |
| Financial charges | 65/66B | €20,824 | €14,356 | -€6,468 | -31.1% |
| Recurring financial charges | 65 | €20,824 | €14,356 | -€6,468 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,248 | €102,628 | +€184,877 | |
| Income taxes | 67/77 | - | €1,853 | +€1,853 | |
| Profit (loss) for the period | 9904 | -€82,248 | €100,776 | +€183,024 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,248 | €100,776 | +€183,024 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.