FAY’S: 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’S
Largest movements
- Receivables within one year -€81,450
down €81,450 (-25.1%), from €324,406 to €242,956
of which Trade receivables: -€105,592
- Stocks and contracts -€50,145
down €50,145 (-59.3%), from €84,588 to €34,443
- Cash +€46,911
up €46,911 (+347.4%), from €13,505 to €60,416
mainly Receivables within one year (+€81,450) and Net result for the year (+€57,412)
- Tangible fixed assets +€5,025
new in 2025: €5,025
- Trade debts -€156,126
down €156,126 (-46.4%), from €336,510 to €180,384
- Profit (loss) carried forward +€57,412
up €57,412 (+95.4%), from €60,193 to €117,605
- Tax, wage and social debts +€21,616
up €21,616 (+106.8%), from €20,235 to €41,851
- Financial income +€3,917
up €3,917 (+5595957.1%), from €0 to €3,917
- Gross operating margin -€3,783
down €3,783 (-4.5%), from €84,252 to €80,469
- Depreciation +€3,375
new in 2025: €3,375
- Taxes +€1,381
up €1,381 (+6.8%), from €20,235 to €21,616
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 | €422,499 | €342,840 | -€79,659 | -18.9% |
| Fixed assets | 21/28 | - | €5,025 | +€5,025 | |
| Tangible fixed assets | 22/27 | - | €5,025 | +€5,025 | |
| Furniture and vehicles | 24 | - | €5,025 | +€5,025 | |
| Current assets | 29/58 | €422,499 | €337,815 | -€84,684 | -20.0% |
| Stocks and contracts in progress | 3 | €84,588 | €34,443 | -€50,145 | -59.3% |
| Stocks | 30/36 | €84,588 | €34,443 | -€50,145 | -59.3% |
| Amounts receivable within one year | 40/41 | €324,406 | €242,956 | -€81,450 | -25.1% |
| Trade receivables | 40 | €290,083 | €184,491 | -€105,592 | -36.4% |
| Other amounts receivable | 41 | €34,323 | €58,465 | +€24,142 | +70.3% |
| Cash at bank and in hand | 54/58 | €13,505 | €60,416 | +€46,911 | +347.4% |
| Total equity and liabilities | 10/49 | €422,499 | €342,840 | -€79,659 | -18.9% |
| Equity | 10/15 | €63,193 | €120,605 | +€57,412 | +90.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,193 | €117,605 | +€57,412 | +95.4% |
| Amounts payable | 17/49 | €359,306 | €222,235 | -€137,071 | -38.1% |
| Amounts payable within one year | 42/48 | €359,306 | €222,235 | -€137,071 | -38.1% |
| Trade debts | 44 | €336,510 | €180,384 | -€156,126 | -46.4% |
| Suppliers | 440/4 | €336,510 | €180,384 | -€156,126 | -46.4% |
| Taxes, remuneration and social security | 45 | €20,235 | €41,851 | +€21,616 | +106.8% |
| Taxes | 450/3 | €20,235 | €41,851 | +€21,616 | +106.8% |
| Other amounts payable | 47/48 | €2,561 | - | -€2,561 | |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | - | €98 | +€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,375 | +€3,375 | |
| Other operating charges | 640/8 | €344 | €66 | -€278 | -80.9% |
| Non-recurring operating charges | 66A | - | €1,266 | +€1,266 | |
| Gross operating margin | 9900 | €84,252 | €80,469 | -€3,783 | -4.5% |
| Operating profit (loss) | 9901 | €83,909 | €75,664 | -€8,244 | -9.8% |
| Financial income | 75/76B | €0 | €3,917 | +€3,917 | +5595957.1% |
| Recurring financial income | 75 | €0 | €3,917 | +€3,917 | +5595957.1% |
| Financial charges | 65/66B | €144 | €554 | +€410 | +285.2% |
| Recurring financial charges | 65 | €144 | €554 | +€410 | +285.2% |
| Profit (loss) for the period before taxes | 9903 | €83,765 | €79,028 | -€4,737 | -5.7% |
| Income taxes | 67/77 | €20,235 | €21,616 | +€1,381 | +6.8% |
| Profit (loss) for the period | 9904 | €63,530 | €57,412 | -€6,118 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,530 | €57,412 | -€6,118 | -9.6% |
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 8 October 2026 via checked.be.