FAY CONCEPTS: what changed
What changed
FAY CONCEPTS
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€97,568
2024 · €144,490-€46,922
Equity
€342,675
2024 · €386,283-€43,608
Cash
€235,245
2024 · €359,077-€123,831
Balance sheet total
€409,260
2024 · €436,616-€27,356
Largest movements
Assets
- Cash -€123,831
down €123,831 (-34.5%), from €359,077 to €235,245
mainly Contributions, distributions and other (-€141,176) and Receivables within one year (-€95,199)
- Receivables within one year +€95,199
up €95,199 (+164%), from €58,019 to €153,218
of which Trade receivables: +€97,632
Equity and liabilities
- Profit (loss) carried forward -€43,608
down €43,608 (-11.6%), from €376,283 to €332,675
- Tax, wage and social debts +€15,043
up €15,043 (+31.4%), from €47,852 to €62,895
Income statement
- Gross operating margin -€152,765
down €152,765 (-20.1%), from €759,197 to €606,432
- Staff costs -€93,765
down €93,765 (-16.5%), from €566,557 to €472,792
- Taxes -€15,059
down €15,059 (-32.9%), from €45,789 to €30,730
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€144,490
Gross operating margin
-€152,765
Staff costs
+€93,765
Depreciation
-€1,988
Other operating charges
-€16
Financial income
-€977
Financial charges
+€0
Taxes
+€15,059
Result 2025
€97,568
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,110
Investment
-€8,765
Financing
-€141,176
Cash 2024
€359,077
From operations (derived)
+€26,110
Net result for the year
+€97,568
Depreciation
+€5,006
Receivables within one year
-€95,199
Deferred charges and accrued income
+€2,483
Trade debts
+€1,091
Tax, wage and social debts
+€15,043
Other debts
+€118
Investment (derived)
-€8,765
Investment in fixed assets (net)
-€8,470
Current investments
-€295
Financing
-€141,176
Contributions, distributions and other
-€141,176
Cash 2025
€235,245
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €436,616 | €409,260 | -€27,356 | -6.3% |
| Fixed assets | 21/28 | €13,915 | €17,380 | +€3,464 | +24.9% |
| Tangible fixed assets | 22/27 | €12,615 | €15,922 | +€3,306 | +26.2% |
| Plant, machinery and equipment | 23 | €4,732 | €2,720 | -€2,012 | -42.5% |
| Furniture and vehicles | 24 | €7,883 | €13,202 | +€5,319 | +67.5% |
| Financial fixed assets | 28 | €1,300 | €1,458 | +€158 | +12.2% |
| Current assets | 29/58 | €422,700 | €391,880 | -€30,820 | -7.3% |
| Amounts receivable within one year | 40/41 | €58,019 | €153,218 | +€95,199 | +164% |
| Trade receivables | 40 | €41,358 | €138,990 | +€97,632 | +236% |
| Other amounts receivable | 41 | €16,661 | €14,228 | -€2,433 | -14.6% |
| Current investments | 50/53 | - | €295 | +€295 | |
| Cash at bank and in hand | 54/58 | €359,077 | €235,245 | -€123,831 | -34.5% |
| Deferred charges and accrued income | 490/1 | €5,605 | €3,122 | -€2,483 | -44.3% |
| Total equity and liabilities | 10/49 | €436,616 | €409,260 | -€27,356 | -6.3% |
| Equity | 10/15 | €386,283 | €342,675 | -€43,608 | -11.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €376,283 | €332,675 | -€43,608 | -11.6% |
| Amounts payable | 17/49 | €50,333 | €66,585 | +€16,252 | +32.3% |
| Amounts payable within one year | 42/48 | €50,333 | €66,585 | +€16,252 | +32.3% |
| Trade debts | 44 | €2,253 | €3,344 | +€1,091 | +48.4% |
| Suppliers | 440/4 | €2,253 | €3,344 | +€1,091 | +48.4% |
| Taxes, remuneration and social security | 45 | €47,852 | €62,895 | +€15,043 | +31.4% |
| Taxes | 450/3 | €47,852 | €62,895 | +€15,043 | +31.4% |
| Other amounts payable | 47/48 | €228 | €346 | +€118 | +51.7% |
| Remuneration, social security and pensions | 62 | €566,557 | €472,792 | -€93,765 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,018 | €5,006 | +€1,988 | +65.9% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €759,197 | €606,432 | -€152,765 | -20.1% |
| Operating profit (loss) | 9901 | €189,053 | €128,048 | -€61,004 | -32.3% |
| Financial income | 75/76B | €1,227 | €250 | -€977 | -79.6% |
| Recurring financial income | 75 | €1,227 | €250 | -€977 | -79.6% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €190,279 | €128,298 | -€61,981 | -32.6% |
| Income taxes | 67/77 | €45,789 | €30,730 | -€15,059 | -32.9% |
| Profit (loss) for the period | 9904 | €144,490 | €97,568 | -€46,922 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,490 | €97,568 | -€46,922 | -32.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.