FAYMAX: 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.
FAYMAX
Largest movements
- Receivables after one year +€32,000
new in 2023: €32,000
- Cash +€19,855
up €19,855 (+45.0%), from €44,125 to €63,981
mainly Net result for the year (+€51,429) and Other debts (+€40,073)
- Receivables within one year -€8,182
down €8,182 (-24.8%), from €33,003 to €24,822
of which Trade receivables: -€5,404
- Other debts +€40,073
up €40,073, from €0 to €40,073
- Profit (loss) carried forward +€11,429
up €11,429 (+24.0%), from €47,703 to €59,132
- Trade debts -€10,826
down €10,826 (-100.0%), from €10,826 to €0
- Tax, wage and social debts +€4,297
up €4,297 (+23.4%), from €18,371 to €22,668
- Gross operating margin +€45,875
up €45,875 (+204.0%), from €22,489 to €68,364
- Other operating charges +€7,133
up €7,133 (+557.4%), from €1,280 to €8,412
- Taxes +€1,088
up €1,088 (+25.1%), from €4,341 to €5,429
- Financial charges -€863
down €863 (-77.8%), from €1,109 to €246
- Depreciation +€755
up €755 (+195.9%), from €385 to €1,140
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,900 | €122,873 | +€44,974 | +57.7% |
| Fixed assets | 21/28 | €771 | €1,896 | +€1,125 | +145.9% |
| Tangible fixed assets | 22/27 | €771 | €1,896 | +€1,125 | +145.9% |
| Furniture and vehicles | 24 | €771 | €1,896 | +€1,125 | +145.9% |
| Current assets | 29/58 | €77,129 | €120,978 | +€43,849 | +56.9% |
| Amounts receivable after more than one year | 29 | - | €32,000 | +€32,000 | |
| Trade receivables | 290 | - | €32,000 | +€32,000 | |
| Amounts receivable within one year | 40/41 | €33,003 | €24,822 | -€8,182 | -24.8% |
| Trade receivables | 40 | €30,226 | €24,822 | -€5,404 | -17.9% |
| Other amounts receivable | 41 | €2,778 | €0 | -€2,778 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,125 | €63,981 | +€19,855 | +45.0% |
| Deferred charges and accrued income | 490/1 | - | €175 | +€175 | |
| Total equity and liabilities | 10/49 | €77,900 | €122,873 | +€44,974 | +57.7% |
| Equity | 10/15 | €48,703 | €60,132 | +€11,429 | +23.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,703 | €59,132 | +€11,429 | +24.0% |
| Amounts payable | 17/49 | €29,197 | €62,741 | +€33,545 | +114.9% |
| Amounts payable within one year | 42/48 | €29,197 | €62,741 | +€33,545 | +114.9% |
| Trade debts | 44 | €10,826 | €0 | -€10,826 | -100.0% |
| Suppliers | 440/4 | €10,826 | €0 | -€10,826 | -100.0% |
| Taxes, remuneration and social security | 45 | €18,371 | €22,668 | +€4,297 | +23.4% |
| Taxes | 450/3 | €18,371 | €22,668 | +€4,297 | +23.4% |
| Other amounts payable | 47/48 | €0 | €40,073 | +€40,073 | |
| Remuneration, social security and pensions | 62 | €35 | €0 | -€35 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €385 | €1,140 | +€755 | +195.9% |
| Other operating charges | 640/8 | €1,280 | €8,412 | +€7,133 | +557.4% |
| Non-recurring operating charges | 66A | - | €1,883 | +€1,883 | |
| Gross operating margin | 9900 | €22,489 | €68,364 | +€45,875 | +204.0% |
| Operating profit (loss) | 9901 | €20,789 | €56,929 | +€36,140 | +173.8% |
| Financial income | 75/76B | €138 | €175 | +€37 | +26.9% |
| Recurring financial income | 75 | €138 | €175 | +€37 | +26.9% |
| Financial charges | 65/66B | €1,109 | €246 | -€863 | -77.8% |
| Recurring financial charges | 65 | €1,109 | €246 | -€863 | -77.8% |
| Profit (loss) for the period before taxes | 9903 | €19,819 | €56,858 | +€37,039 | +186.9% |
| Income taxes | 67/77 | €4,341 | €5,429 | +€1,088 | +25.1% |
| Profit (loss) for the period | 9904 | €15,477 | €51,429 | +€35,952 | +232.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,477 | €51,429 | +€35,952 | +232.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.