FAY 87: 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.
FAY 87
Largest movements
- Tangible fixed assets -€90,018
down €90,018 (-12.0%), from €753,100 to €663,082
of which Other tangible fixed assets: -€80,428
- Receivables within one year +€74,328
up €74,328 (+108%), from €68,596 to €142,924
of which Trade receivables: +€74,227
- Cash +€9,806
new in 2024: €9,806
mainly Depreciation (+€98,014) and Advances received (+€58,825)
- Profit (loss) carried forward -€99,591
down €99,591 (-89.9%), from -€110,780 to -€210,370
- Advances received +€58,825
new in 2024: €58,825
- Debts after one year -€56,164
down €56,164 (-8.5%), from €659,532 to €603,368
of which Financial debts: -€38,664
- Trade debts +€49,177
up €49,177 (+26.1%), from €188,144 to €237,322
- Tax, wage and social debts +€38,163
up €38,163 (+82.8%), from €46,110 to €84,273
of which Taxes: +€33,204
- Staff costs +€26,466
up €26,466 (+64.1%), from €41,314 to €67,780
- Other operating charges -€20,020
down €20,020 (-94.5%), from €21,180 to €1,161
- Financial charges +€6,099
up €6,099 (+40.6%), from €15,017 to €21,116
- Taxes -€2,490
down €2,490 (-90.6%), from €2,747 to €257
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €829,993 | €824,232 | -€5,761 | -0.7% |
| Formation expenses | 20 | €50 | €50 | = | 0.0% |
| Fixed assets | 21/28 | €761,301 | €671,283 | -€90,018 | -11.8% |
| Intangible fixed assets | 21 | €7,801 | €7,801 | = | 0.0% |
| Tangible fixed assets | 22/27 | €753,100 | €663,082 | -€90,018 | -12.0% |
| Plant, machinery and equipment | 23 | €34,760 | €24,956 | -€9,804 | -28.2% |
| Furniture and vehicles | 24 | €23,100 | €27,772 | +€4,672 | +20.2% |
| Leasing and similar rights | 25 | €17,307 | €12,849 | -€4,458 | -25.8% |
| Other tangible fixed assets | 26 | €677,933 | €597,505 | -€80,428 | -11.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €68,643 | €152,900 | +€84,257 | +123% |
| Amounts receivable within one year | 40/41 | €68,596 | €142,924 | +€74,328 | +108% |
| Trade receivables | 40 | €62,037 | €136,264 | +€74,227 | +120% |
| Other amounts receivable | 41 | €6,559 | €6,660 | +€101 | +1.5% |
| Cash at bank and in hand | 54/58 | - | €9,806 | +€9,806 | |
| Deferred charges and accrued income | 490/1 | €47 | €170 | +€124 | +264% |
| Total equity and liabilities | 10/49 | €829,993 | €824,232 | -€5,761 | -0.7% |
| Equity | 10/15 | -€104,780 | -€204,370 | -€99,591 | -95.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Capital | 10 | €6,000 | €6,000 | = | 0.0% |
| Issued capital | 100 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,780 | -€210,370 | -€99,591 | -89.9% |
| Amounts payable | 17/49 | €934,773 | €1,028,602 | +€93,830 | +10.0% |
| Amounts payable after more than one year | 17 | €659,532 | €603,368 | -€56,164 | -8.5% |
| Financial debts | 170/4 | €284,532 | €245,868 | -€38,664 | -13.6% |
| Other amounts payable | 178/9 | €375,000 | €357,500 | -€17,500 | -4.7% |
| Amounts payable within one year | 42/48 | €275,240 | €425,234 | +€149,994 | +54.5% |
| Current portion of amounts payable after more than one year | 42 | €35,919 | €39,773 | +€3,855 | +10.7% |
| Financial debts | 43 | €27 | - | -€27 | |
| Credit institutions | 430/8 | €27 | - | -€27 | |
| Trade debts | 44 | €188,144 | €237,322 | +€49,177 | +26.1% |
| Suppliers | 440/4 | €188,144 | €237,322 | +€49,177 | +26.1% |
| Advances received on contracts in progress | 46 | - | €58,825 | +€58,825 | |
| Taxes, remuneration and social security | 45 | €46,110 | €84,273 | +€38,163 | +82.8% |
| Taxes | 450/3 | €43,003 | €76,207 | +€33,204 | +77.2% |
| Remuneration and social security | 454/9 | €3,107 | €8,066 | +€4,959 | +160% |
| Other amounts payable | 47/48 | €5,041 | €5,041 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €41,314 | €67,780 | +€26,466 | +64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,369 | €98,014 | -€355 | -0.4% |
| Other operating charges | 640/8 | €21,180 | €1,161 | -€20,020 | -94.5% |
| Gross operating margin | 9900 | €88,129 | €88,737 | +€608 | +0.7% |
| Operating profit (loss) | 9901 | -€72,734 | -€78,217 | -€5,483 | -7.5% |
| Financial charges | 65/66B | €15,017 | €21,116 | +€6,099 | +40.6% |
| Recurring financial charges | 65 | €15,017 | €21,116 | +€6,099 | +40.6% |
| Profit (loss) for the period before taxes | 9903 | -€87,752 | -€99,333 | -€11,582 | -13.2% |
| Income taxes | 67/77 | €2,747 | €257 | -€2,490 | -90.6% |
| Profit (loss) for the period | 9904 | -€90,499 | -€99,591 | -€9,092 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,499 | -€99,591 | -€9,092 | -10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.