FAY: 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.
FAY
Largest movements
- Cash +€150,633
up €150,633 (+28.4%), from €530,319 to €680,951
mainly Net result for the year (+€167,722) and Receivables within one year (+€26,119)
- Receivables within one year -€26,119
down €26,119 (-39.9%), from €65,462 to €39,343
of which Other amounts receivable: -€13,815
- Tangible fixed assets -€14,645
down €14,645 (-15.8%), from €92,644 to €77,999
of which Furniture and vehicles: -€22,062
- Reserves +€113,479
up €113,479 (+19.7%), from €577,161 to €690,640
of which Distributable reserves: +€113,479
- Gross operating margin -€67,847
down €67,847 (-19.9%), from €340,961 to €273,114
- Taxes -€23,774
down €23,774 (-23.0%), from €103,322 to €79,549
- Depreciation -€7,379
down €7,379 (-23.4%), from €31,521 to €24,142
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 | €693,040 | €799,884 | +€106,844 | +15.4% |
| Fixed assets | 21/28 | €92,644 | €77,999 | -€14,645 | -15.8% |
| Tangible fixed assets | 22/27 | €92,644 | €77,999 | -€14,645 | -15.8% |
| Plant, machinery and equipment | 23 | €770 | €9,064 | +€8,294 | +1077.4% |
| Furniture and vehicles | 24 | €82,599 | €60,537 | -€22,062 | -26.7% |
| Other tangible fixed assets | 26 | €9,275 | €8,398 | -€878 | -9.5% |
| Current assets | 29/58 | €600,396 | €721,885 | +€121,489 | +20.2% |
| Amounts receivable within one year | 40/41 | €65,462 | €39,343 | -€26,119 | -39.9% |
| Trade receivables | 40 | €51,499 | €39,195 | -€12,304 | -23.9% |
| Other amounts receivable | 41 | €13,963 | €148 | -€13,815 | -98.9% |
| Cash at bank and in hand | 54/58 | €530,319 | €680,951 | +€150,633 | +28.4% |
| Deferred charges and accrued income | 490/1 | €4,615 | €1,591 | -€3,024 | -65.5% |
| Total equity and liabilities | 10/49 | €693,040 | €799,884 | +€106,844 | +15.4% |
| Equity | 10/15 | €595,761 | €709,240 | +€113,479 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €577,161 | €690,640 | +€113,479 | +19.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €558,411 | €671,890 | +€113,479 | +20.3% |
| Amounts payable | 17/49 | €97,279 | €90,644 | -€6,635 | -6.8% |
| Amounts payable within one year | 42/48 | €93,713 | €87,067 | -€6,646 | -7.1% |
| Trade debts | 44 | €11,928 | €5,953 | -€5,975 | -50.1% |
| Suppliers | 440/4 | €11,928 | €5,953 | -€5,975 | -50.1% |
| Taxes, remuneration and social security | 45 | €73,370 | €76,935 | +€3,566 | +4.9% |
| Taxes | 450/3 | €73,370 | €76,935 | +€3,566 | +4.9% |
| Other amounts payable | 47/48 | €8,415 | €4,179 | -€4,236 | -50.3% |
| Accrued charges and deferred income | 492/3 | €3,566 | €3,577 | +€11 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,521 | €24,142 | -€7,379 | -23.4% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €340,961 | €273,114 | -€67,847 | -19.9% |
| Operating profit (loss) | 9901 | €308,935 | €248,453 | -€60,482 | -19.6% |
| Financial income | 75/76B | €4,035 | €2,330 | -€1,706 | -42.3% |
| Recurring financial income | 75 | €4,035 | €2,330 | -€1,706 | -42.3% |
| Financial charges | 65/66B | €582 | €3,512 | +€2,930 | +503.6% |
| Recurring financial charges | 65 | €582 | €3,512 | +€2,930 | +503.6% |
| Profit (loss) for the period before taxes | 9903 | €312,389 | €247,270 | -€65,118 | -20.8% |
| Income taxes | 67/77 | €103,322 | €79,549 | -€23,774 | -23.0% |
| Profit (loss) for the period | 9904 | €209,066 | €167,722 | -€41,344 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €209,066 | €167,722 | -€41,344 | -19.8% |
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 29 September 2026 via checked.be.