FAYNAKACH: what changed
Two financial 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.
FAYNAKACH
Largest movements
- Receivables within one year +€19,693
up €19,693 (+46.1%), from €42,688 to €62,380
of which Trade receivables: +€20,480
- Cash -€18,302
down €18,302 (-48.6%), from €37,669 to €19,367
mainly Receivables within one year (-€19,693) and Tax, wage and social debts (-€18,242)
- Tangible fixed assets -€5,239
down €5,239 (-37.1%), from €14,118 to €8,879
- Profit (loss) carried forward -€56,782
down €56,782, from €43,020 to -€13,762
- Reserves +€43,020
new in 2025: €43,020
- Trade debts +€37,858
up €37,858 (+697%), from €5,432 to €43,289
- Tax, wage and social debts -€18,242
down €18,242 (-75.5%), from €24,155 to €5,914
of which Taxes: -€20,242
- Accrued charges and deferred income -€12,250
no longer reported in 2025 (was €12,250)
- Gross operating margin -€57,161
down €57,161, from €52,850 to -€4,310
- Taxes -€10,237
down €10,237 (-97.0%), from €10,559 to €322
- Depreciation -€965
down €965 (-12.8%), from €7,508 to €6,544
- Financial charges -€601
down €601 (-43.1%), from €1,396 to €795
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.
Derived cash bridge
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 | €94,654 | €90,807 | -€3,848 | -4.1% |
| Fixed assets | 21/28 | €14,298 | €9,059 | -€5,239 | -36.6% |
| Tangible fixed assets | 22/27 | €14,118 | €8,879 | -€5,239 | -37.1% |
| Furniture and vehicles | 24 | €14,118 | €8,879 | -€5,239 | -37.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €80,356 | €81,747 | +€1,391 | +1.7% |
| Amounts receivable within one year | 40/41 | €42,688 | €62,380 | +€19,693 | +46.1% |
| Trade receivables | 40 | €41,900 | €62,380 | +€20,480 | +48.9% |
| Other amounts receivable | 41 | €788 | - | -€788 | |
| Cash at bank and in hand | 54/58 | €37,669 | €19,367 | -€18,302 | -48.6% |
| Total equity and liabilities | 10/49 | €94,654 | €90,807 | -€3,848 | -4.1% |
| Equity | 10/15 | €45,020 | €31,259 | -€13,762 | -30.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €43,020 | +€43,020 | |
| Distributable reserves | 133 | - | €43,020 | +€43,020 | |
| Profit (loss) carried forward | 14 | €43,020 | -€13,762 | -€56,782 | |
| Amounts payable | 17/49 | €49,634 | €59,548 | +€9,914 | +20.0% |
| Amounts payable within one year | 42/48 | €37,384 | €59,548 | +€22,164 | +59.3% |
| Current portion of amounts payable after more than one year | 42 | €7,797 | - | -€7,797 | |
| Trade debts | 44 | €5,432 | €43,289 | +€37,858 | +697% |
| Suppliers | 440/4 | €5,432 | €43,289 | +€37,858 | +697% |
| Taxes, remuneration and social security | 45 | €24,155 | €5,914 | -€18,242 | -75.5% |
| Taxes | 450/3 | €24,155 | €3,914 | -€20,242 | -83.8% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | - | €10,345 | +€10,345 | |
| Accrued charges and deferred income | 492/3 | €12,250 | - | -€12,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,508 | €6,544 | -€965 | -12.8% |
| Other operating charges | 640/8 | €2,189 | €1,791 | -€398 | -18.2% |
| Gross operating margin | 9900 | €52,850 | -€4,310 | -€57,161 | |
| Operating profit (loss) | 9901 | €43,153 | -€12,645 | -€55,798 | |
| Financial income | 75/76B | €29 | - | -€29 | |
| Recurring financial income | 75 | €29 | - | -€29 | |
| Financial charges | 65/66B | €1,396 | €795 | -€601 | -43.1% |
| Recurring financial charges | 65 | €1,396 | €795 | -€601 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €41,786 | -€13,440 | -€55,226 | |
| Income taxes | 67/77 | €10,559 | €322 | -€10,237 | -97.0% |
| Profit (loss) for the period | 9904 | €31,227 | -€13,762 | -€44,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,227 | -€13,762 | -€44,989 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.