FAZ MANAGEMENT: 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.
FAZ MANAGEMENT
Largest movements
- Cash +€29,931
up €29,931 (+365.0%), from €8,200 to €38,130
mainly Net result for the year (+€24,521) and Depreciation (+€11,880)
- Tangible fixed assets -€11,880
down €11,880 (-36.6%), from €32,439 to €20,560
- Deferred charges and accrued income -€3,575
down €3,575 (-89.9%), from €3,978 to €403
- Reserves +€24,521
up €24,521 (+168.4%), from €14,557 to €39,078
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Tax, wage and social debts +€8,979
up €8,979 (+115.0%), from €7,805 to €16,784
- Trade debts -€5,164
down €5,164 (-80.8%), from €6,395 to €1,231
- Turnover +€91,873
new in 2025: €91,873
- Purchases and services +€52,770
new in 2025: €52,770
- Gross operating margin +€25,893
up €25,893 (+110.1%), from €23,521 to €49,414
- Depreciation +€8,676
up €8,676 (+270.8%), from €3,204 to €11,880
- Taxes +€4,467
up €4,467 (+101.8%), from €4,387 to €8,854
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 | €44,757 | €59,093 | +€14,336 | +32.0% |
| Fixed assets | 21/28 | €32,439 | €20,560 | -€11,880 | -36.6% |
| Tangible fixed assets | 22/27 | €32,439 | €20,560 | -€11,880 | -36.6% |
| Furniture and vehicles | 24 | €32,439 | €20,560 | -€11,880 | -36.6% |
| Current assets | 29/58 | €12,318 | €38,534 | +€26,216 | +212.8% |
| Amounts receivable within one year | 40/41 | €140 | - | -€140 | |
| Other amounts receivable | 41 | €140 | - | -€140 | |
| Cash at bank and in hand | 54/58 | €8,200 | €38,130 | +€29,931 | +365.0% |
| Deferred charges and accrued income | 490/1 | €3,978 | €403 | -€3,575 | -89.9% |
| Total equity and liabilities | 10/49 | €44,757 | €59,093 | +€14,336 | +32.0% |
| Equity | 10/15 | €16,557 | €41,078 | +€24,521 | +148.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,557 | €39,078 | +€24,521 | +168.4% |
| Distributable reserves | 133 | €14,557 | €39,078 | +€24,521 | +168.4% |
| Amounts payable | 17/49 | €28,200 | €18,015 | -€10,185 | -36.1% |
| Amounts payable within one year | 42/48 | €28,200 | €18,015 | -€10,185 | -36.1% |
| Trade debts | 44 | €6,395 | €1,231 | -€5,164 | -80.8% |
| Suppliers | 440/4 | €6,395 | €1,231 | -€5,164 | -80.8% |
| Taxes, remuneration and social security | 45 | €7,805 | €16,784 | +€8,979 | +115.0% |
| Taxes | 450/3 | €7,805 | €16,784 | +€8,979 | +115.0% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Turnover | 70 | - | €91,873 | +€91,873 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €52,770 | +€52,770 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €11,880 | +€8,676 | +270.8% |
| Other operating charges | 640/8 | €1,341 | €4,114 | +€2,773 | +206.9% |
| Gross operating margin | 9900 | €23,521 | €49,414 | +€25,893 | +110.1% |
| Operating profit (loss) | 9901 | €18,977 | €33,420 | +€14,444 | +76.1% |
| Financial charges | 65/66B | €32 | €45 | +€13 | +41.5% |
| Recurring financial charges | 65 | €32 | €45 | +€13 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €18,945 | €33,375 | +€14,431 | +76.2% |
| Income taxes | 67/77 | €4,387 | €8,854 | +€4,467 | +101.8% |
| Profit (loss) for the period | 9904 | €14,557 | €24,521 | +€9,963 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,557 | €24,521 | +€9,963 | +68.4% |
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.