FAYO: 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.
FAYO
Largest movements
- Receivables within one year +€126,700
up €126,700 (+146.9%), from €86,258 to €212,958
of which Trade receivables: +€122,568
- Cash +€123,397
up €123,397 (+72.1%), from €171,092 to €294,489
mainly Net result for the year (+€144,415) and Tax, wage and social debts (+€50,304)
- Stocks and contracts -€10,000
no longer reported in 2025 (was €10,000)
- Profit (loss) carried forward +€144,415
up €144,415 (+215.0%), from €67,157 to €211,572
- Tax, wage and social debts +€50,304
up €50,304 (+125.2%), from €40,184 to €90,488
- Trade debts +€39,508
up €39,508 (+570.8%), from €6,921 to €46,429
- Other debts +€6,497
new in 2025: €6,497
- Gross operating margin +€107,761
up €107,761 (+123.9%), from €86,988 to €194,749
- Taxes +€31,004
up €31,004 (+160.6%), from €19,300 to €50,304
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 | €276,945 | €517,669 | +€240,724 | +86.9% |
| Fixed assets | 21/28 | €9,595 | €10,222 | +€627 | +6.5% |
| Tangible fixed assets | 22/27 | €9,595 | €10,222 | +€627 | +6.5% |
| Land and buildings | 22 | €1,091 | €1,091 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €627 | +€627 | |
| Furniture and vehicles | 24 | €8,012 | €8,012 | = | 0.0% |
| Other tangible fixed assets | 26 | €492 | €492 | = | 0.0% |
| Current assets | 29/58 | €267,350 | €507,447 | +€240,097 | +89.8% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €86,258 | €212,958 | +€126,700 | +146.9% |
| Trade receivables | 40 | €78,110 | €200,678 | +€122,568 | +156.9% |
| Other amounts receivable | 41 | €8,148 | €12,280 | +€4,132 | +50.7% |
| Cash at bank and in hand | 54/58 | €171,092 | €294,489 | +€123,397 | +72.1% |
| Total equity and liabilities | 10/49 | €276,945 | €517,669 | +€240,724 | +86.9% |
| Equity | 10/15 | €229,840 | €374,255 | +€144,415 | +62.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,083 | €144,083 | = | 0.0% |
| Distributable reserves | 133 | €144,083 | €144,083 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,157 | €211,572 | +€144,415 | +215.0% |
| Amounts payable | 17/49 | €47,105 | €143,414 | +€96,309 | +204.5% |
| Amounts payable within one year | 42/48 | €47,105 | €143,414 | +€96,309 | +204.5% |
| Trade debts | 44 | €6,921 | €46,429 | +€39,508 | +570.8% |
| Suppliers | 440/4 | €6,921 | €46,429 | +€39,508 | +570.8% |
| Taxes, remuneration and social security | 45 | €40,184 | €90,488 | +€50,304 | +125.2% |
| Taxes | 450/3 | €40,184 | €90,488 | +€50,304 | +125.2% |
| Other amounts payable | 47/48 | - | €6,497 | +€6,497 | |
| Other operating charges | 640/8 | €531 | €30 | -€501 | -94.4% |
| Gross operating margin | 9900 | €86,988 | €194,749 | +€107,761 | +123.9% |
| Operating profit (loss) | 9901 | €86,457 | €194,719 | +€108,262 | +125.2% |
| Profit (loss) for the period before taxes | 9903 | €86,457 | €194,719 | +€108,262 | +125.2% |
| Income taxes | 67/77 | €19,300 | €50,304 | +€31,004 | +160.6% |
| Profit (loss) for the period | 9904 | €67,157 | €144,415 | +€77,258 | +115.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,157 | €144,415 | +€77,258 | +115.0% |
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 11 October 2026 via checked.be.