FAYAZ: 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.
FAYAZ
Largest movements
- Stocks and contracts +€69,646
up €69,646 (+82.2%), from €84,761 to €154,407
- Cash -€39,593
down €39,593 (-70.0%), from €56,577 to €16,983
mainly Stocks and contracts (-€69,646) and Trade debts (-€36,215)
- Receivables within one year +€26,478
up €26,478 (+31.9%), from €82,962 to €109,439
of which Trade receivables: +€71,638
- Tangible fixed assets +€8,898
up €8,898 (+77.7%), from €11,448 to €20,346
of which Plant, machinery and equipment: +€4,966
- Financial fixed assets +€3,300
up €3,300 (+67.9%), from €4,862 to €8,162
- Other debts +€56,777
up €56,777 (+9442.3%), from €601 to €57,378
- Trade debts -€36,215
down €36,215 (-68.7%), from €52,740 to €16,525
- Advances received +€35,870
up €35,870 (+1442.6%), from €2,487 to €38,356
- Reserves +€19,605
up €19,605 (+19.0%), from €103,050 to €122,655
- Debts after one year -€7,374
down €7,374 (-100.0%), from €7,374 to €0
- Gross operating margin -€82,862
down €82,862 (-41.4%), from €200,285 to €117,423
- Staff costs +€27,736
up €27,736 (+74.4%), from €37,268 to €65,003
- Taxes -€24,817
down €24,817 (-78.4%), from €31,667 to €6,850
- Financial charges +€2,107
up €2,107 (+27.3%), from €7,704 to €9,811
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 | €241,418 | €309,923 | +€68,505 | +28.4% |
| Fixed assets | 21/28 | €16,310 | €28,508 | +€12,198 | +74.8% |
| Tangible fixed assets | 22/27 | €11,448 | €20,346 | +€8,898 | +77.7% |
| Plant, machinery and equipment | 23 | €6,239 | €11,205 | +€4,966 | +79.6% |
| Furniture and vehicles | 24 | €5,209 | €9,142 | +€3,932 | +75.5% |
| Financial fixed assets | 28 | €4,862 | €8,162 | +€3,300 | +67.9% |
| Current assets | 29/58 | €225,108 | €281,415 | +€56,307 | +25.0% |
| Stocks and contracts in progress | 3 | €84,761 | €154,407 | +€69,646 | +82.2% |
| Stocks | 30/36 | €84,761 | €154,407 | +€69,646 | +82.2% |
| Amounts receivable within one year | 40/41 | €82,962 | €109,439 | +€26,478 | +31.9% |
| Trade receivables | 40 | €10,072 | €81,710 | +€71,638 | +711.2% |
| Other amounts receivable | 41 | €72,890 | €27,729 | -€45,161 | -62.0% |
| Cash at bank and in hand | 54/58 | €56,577 | €16,983 | -€39,593 | -70.0% |
| Deferred charges and accrued income | 490/1 | €808 | €585 | -€223 | -27.5% |
| Total equity and liabilities | 10/49 | €241,418 | €309,923 | +€68,505 | +28.4% |
| Equity | 10/15 | €108,050 | €127,655 | +€19,605 | +18.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €103,050 | €122,655 | +€19,605 | +19.0% |
| Distributable reserves | 133 | €103,050 | €122,655 | +€19,605 | +19.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,368 | €182,268 | +€48,900 | +36.7% |
| Amounts payable after more than one year | 17 | €7,374 | €0 | -€7,374 | -100.0% |
| Financial debts | 170/4 | €7,374 | €0 | -€7,374 | -100.0% |
| Amounts payable within one year | 42/48 | €125,994 | €182,268 | +€56,274 | +44.7% |
| Current portion of amounts payable after more than one year | 42 | €11,985 | €7,374 | -€4,611 | -38.5% |
| Trade debts | 44 | €52,740 | €16,525 | -€36,215 | -68.7% |
| Suppliers | 440/4 | €52,740 | €16,525 | -€36,215 | -68.7% |
| Advances received on contracts in progress | 46 | €2,487 | €38,356 | +€35,870 | +1442.6% |
| Taxes, remuneration and social security | 45 | €58,182 | €62,635 | +€4,453 | +7.7% |
| Taxes | 450/3 | €53,080 | €49,867 | -€3,212 | -6.1% |
| Remuneration and social security | 454/9 | €5,102 | €12,768 | +€7,666 | +150.2% |
| Other amounts payable | 47/48 | €601 | €57,378 | +€56,777 | +9442.3% |
| Non-recurring operating income | 76A | - | €278 | +€278 | |
| Remuneration, social security and pensions | 62 | €37,268 | €65,003 | +€27,736 | +74.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,120 | €8,490 | -€630 | -6.9% |
| Other operating charges | 640/8 | €11,316 | €9,742 | -€1,573 | -13.9% |
| Gross operating margin | 9900 | €200,285 | €117,423 | -€82,862 | -41.4% |
| Operating profit (loss) | 9901 | €142,582 | €34,188 | -€108,394 | -76.0% |
| Financial income | 75/76B | €699 | €2,079 | +€1,380 | +197.5% |
| Recurring financial income | 75 | €699 | €2,079 | +€1,380 | +197.5% |
| Financial charges | 65/66B | €7,704 | €9,811 | +€2,107 | +27.3% |
| Recurring financial charges | 65 | €7,704 | €9,811 | +€2,107 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €135,576 | €26,456 | -€109,121 | -80.5% |
| Income taxes | 67/77 | €31,667 | €6,850 | -€24,817 | -78.4% |
| Profit (loss) for the period | 9904 | €103,909 | €19,605 | -€84,304 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €103,909 | €19,605 | -€84,304 | -81.1% |
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 30 September 2026 via checked.be.