FAYEN: 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.
FAYEN
Largest movements
- Receivables after one year +€70,000
up €70,000 (+56.0%), from €125,000 to €195,000
- Cash -€30,427
down €30,427 (-29.2%), from €104,115 to €73,688
mainly Contributions, distributions and other (-€183,141) and Receivables after one year (-€70,000)
- Tangible fixed assets -€15,898
down €15,898 (-42.5%), from €37,448 to €21,550
of which Furniture and vehicles: -€9,716
- Current investments -€13,889
down €13,889 (-4.7%), from €293,352 to €279,464
- Trade debts +€28,183
up €28,183 (+12.5%), from €225,857 to €254,040
- Other debts -€24,317
down €24,317 (-80.3%), from €30,292 to €5,975
- Gross operating margin +€61,856
up €61,856 (+20.4%), from €303,314 to €365,170
- Financial income -€34,544
down €34,544 (-84.3%), from €40,968 to €6,424
- Taxes +€12,160
up €12,160 (+18.6%), from €65,550 to €77,710
- Staff costs +€11,165
up €11,165 (+13.0%), from €86,129 to €97,294
- Depreciation -€6,855
down €6,855 (-34.9%), from €19,657 to €12,801
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 | €1,245,886 | €1,241,861 | -€4,025 | -0.3% |
| Fixed assets | 21/28 | €207,657 | €191,759 | -€15,898 | -7.7% |
| Tangible fixed assets | 22/27 | €37,448 | €21,550 | -€15,898 | -42.5% |
| Plant, machinery and equipment | 23 | €903 | €328 | -€575 | -63.7% |
| Furniture and vehicles | 24 | €18,252 | €8,536 | -€9,716 | -53.2% |
| Other tangible fixed assets | 26 | €18,293 | €12,686 | -€5,607 | -30.6% |
| Financial fixed assets | 28 | €170,209 | €170,209 | = | 0.0% |
| Current assets | 29/58 | €1,038,229 | €1,050,102 | +€11,874 | +1.1% |
| Amounts receivable after more than one year | 29 | €125,000 | €195,000 | +€70,000 | +56.0% |
| Other amounts receivable | 291 | €125,000 | €195,000 | +€70,000 | +56.0% |
| Amounts receivable within one year | 40/41 | €483,545 | €473,614 | -€9,931 | -2.1% |
| Trade receivables | 40 | €483,545 | €472,557 | -€10,988 | -2.3% |
| Other amounts receivable | 41 | €0 | €1,057 | +€1,057 | |
| Current investments | 50/53 | €293,352 | €279,464 | -€13,889 | -4.7% |
| Cash at bank and in hand | 54/58 | €104,115 | €73,688 | -€30,427 | -29.2% |
| Deferred charges and accrued income | 490/1 | €32,216 | €28,336 | -€3,880 | -12.0% |
| Total equity and liabilities | 10/49 | €1,245,886 | €1,241,861 | -€4,025 | -0.3% |
| Equity | 10/15 | €865,289 | €857,289 | -€8,000 | -0.9% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €840,500 | €832,500 | -€8,000 | -1.0% |
| Distributable reserves | 133 | €840,500 | €832,500 | -€8,000 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €380,597 | €384,572 | +€3,976 | +1.0% |
| Amounts payable within one year | 42/48 | €359,848 | €364,608 | +€4,760 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €225,857 | €254,040 | +€28,183 | +12.5% |
| Suppliers | 440/4 | €225,857 | €254,040 | +€28,183 | +12.5% |
| Taxes, remuneration and social security | 45 | €103,700 | €104,594 | +€894 | +0.9% |
| Taxes | 450/3 | €93,471 | €89,941 | -€3,529 | -3.8% |
| Remuneration and social security | 454/9 | €10,229 | €14,652 | +€4,423 | +43.2% |
| Other amounts payable | 47/48 | €30,292 | €5,975 | -€24,317 | -80.3% |
| Accrued charges and deferred income | 492/3 | €20,748 | €19,964 | -€785 | -3.8% |
| Non-recurring operating income | 76A | €234 | €0 | -€234 | -100.0% |
| Remuneration, social security and pensions | 62 | €86,129 | €97,294 | +€11,165 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,657 | €12,801 | -€6,855 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,163 | €89 | +€4,252 | |
| Other operating charges | 640/8 | €1,766 | €5,342 | +€3,575 | +202.4% |
| Non-recurring operating charges | 66A | €120 | €0 | -€120 | -100.0% |
| Gross operating margin | 9900 | €303,314 | €365,170 | +€61,856 | +20.4% |
| Operating profit (loss) | 9901 | €199,804 | €249,644 | +€49,840 | +24.9% |
| Financial income | 75/76B | €40,968 | €6,424 | -€34,544 | -84.3% |
| Recurring financial income | 75 | €40,968 | €6,424 | -€34,544 | -84.3% |
| Financial charges | 65/66B | €4,379 | €3,217 | -€1,162 | -26.5% |
| Recurring financial charges | 65 | €4,379 | €3,217 | -€1,162 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €236,393 | €252,851 | +€16,458 | +7.0% |
| Income taxes | 67/77 | €65,550 | €77,710 | +€12,160 | +18.6% |
| Profit (loss) for the period | 9904 | €170,843 | €175,141 | +€4,298 | +2.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €170,843 | €175,141 | +€4,298 | +2.5% |
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 5 October 2026 via checked.be.