FAZI GROUP: what changed
What changed
FAZI GROUP
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€145,963
2024 · €75,223-€221,186
Equity
€132,707
2024 · €278,670-€145,963
Cash
€58,442
2024 · €2,328+€56,115
Balance sheet total
€719,572
2024 · €727,632-€8,060
Largest movements
Assets
- Stocks and contracts -€300,500
down €300,500 (-57.8%), from €520,000 to €219,500
- Receivables within one year +€140,052
up €140,052 (+68.3%), from €205,058 to €345,111
of which Trade receivables: +€149,962
- Tangible fixed assets +€93,512
new in 2025: €93,512
of which Furniture and vehicles: +€84,486
- Cash +€56,115
up €56,115 (+2,411%), from €2,328 to €58,442
mainly Stocks and contracts (+€300,500) and Trade debts (+€91,982)
Equity and liabilities
- Profit (loss) carried forward -€145,963
down €145,963 (-63.8%), from €228,631 to €82,668
- Trade debts +€91,982
up €91,982 (+32.8%), from €280,417 to €372,399
- Debts after one year +€58,229
new in 2025: €58,229
- Short-term financial debts +€16,404
new in 2025: €16,404
- Tax, wage and social debts -€14,376
down €14,376 (-68.5%), from €21,000 to €6,624
of which Taxes: -€21,000
Income statement
- Gross operating margin -€212,919
down €212,919, from €96,132 to -€116,787
- Staff costs +€25,796
new in 2025: €25,796
- Taxes -€19,490
down €19,490 (-98.8%), from €19,727 to €238
- Depreciation +€2,166
new in 2025: €2,166
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€75,223
Gross operating margin
-€212,919
Staff costs
-€25,796
Depreciation
-€2,166
Other operating charges
-€503
Financial income
+€76
Financial charges
+€632
Taxes
+€19,490
Result 2025
-€145,963
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€77,160
Investment
-€95,678
Financing
+€74,633
Cash 2024
€2,328
From operations (derived)
+€77,160
Net result for the year
-€145,963
Depreciation
+€2,166
Stocks and contracts
+€300,500
Receivables within one year
-€140,052
Deferred charges and accrued income
-€2,761
Trade debts
+€91,982
Tax, wage and social debts
-€14,376
Other debts
-€12,330
Accrued charges and deferred income
-€2,006
Investment (derived)
-€95,678
Investment in fixed assets (net)
-€95,678
Financing
+€74,633
Debts after one year
+€58,229
Short-term financial debts
+€16,404
Cash 2025
€58,442
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,632 | €719,572 | -€8,060 | -1.1% |
| Fixed assets | 21/28 | €246 | €93,758 | +€93,512 | +38,067% |
| Tangible fixed assets | 22/27 | - | €93,512 | +€93,512 | |
| Plant, machinery and equipment | 23 | - | €9,026 | +€9,026 | |
| Furniture and vehicles | 24 | - | €84,486 | +€84,486 | |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €727,386 | €625,814 | -€101,572 | -14.0% |
| Stocks and contracts in progress | 3 | €520,000 | €219,500 | -€300,500 | -57.8% |
| Stocks | 30/36 | €520,000 | €219,500 | -€300,500 | -57.8% |
| Amounts receivable within one year | 40/41 | €205,058 | €345,111 | +€140,052 | +68.3% |
| Trade receivables | 40 | €170,460 | €320,422 | +€149,962 | +88.0% |
| Other amounts receivable | 41 | €34,598 | €24,688 | -€9,910 | -28.6% |
| Cash at bank and in hand | 54/58 | €2,328 | €58,442 | +€56,115 | +2,411% |
| Deferred charges and accrued income | 490/1 | - | €2,761 | +€2,761 | |
| Total equity and liabilities | 10/49 | €727,632 | €719,572 | -€8,060 | -1.1% |
| Equity | 10/15 | €278,670 | €132,707 | -€145,963 | -52.4% |
| Contributions | 10/11 | €50,039 | €50,039 | = | 0.0% |
| Capital | 10 | €50,039 | €50,039 | = | 0.0% |
| Issued capital | 100 | €50,039 | €50,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | €228,631 | €82,668 | -€145,963 | -63.8% |
| Amounts payable | 17/49 | €448,962 | €586,865 | +€137,903 | +30.7% |
| Amounts payable after more than one year | 17 | - | €58,229 | +€58,229 | |
| Financial debts | 170/4 | - | €58,229 | +€58,229 | |
| Amounts payable within one year | 42/48 | €446,955 | €528,636 | +€81,681 | +18.3% |
| Financial debts | 43 | - | €16,404 | +€16,404 | |
| Credit institutions | 430/8 | - | €16,404 | +€16,404 | |
| Trade debts | 44 | €280,417 | €372,399 | +€91,982 | +32.8% |
| Suppliers | 440/4 | €280,417 | €372,399 | +€91,982 | +32.8% |
| Taxes, remuneration and social security | 45 | €21,000 | €6,624 | -€14,376 | -68.5% |
| Taxes | 450/3 | €21,000 | - | -€21,000 | |
| Remuneration and social security | 454/9 | - | €6,624 | +€6,624 | |
| Other amounts payable | 47/48 | €145,538 | €133,209 | -€12,330 | -8.5% |
| Accrued charges and deferred income | 492/3 | €2,006 | - | -€2,006 | |
| Remuneration, social security and pensions | 62 | - | €25,796 | +€25,796 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,166 | +€2,166 | |
| Other operating charges | 640/8 | €384 | €887 | +€503 | +131% |
| Gross operating margin | 9900 | €96,132 | -€116,787 | -€212,919 | |
| Operating profit (loss) | 9901 | €95,747 | -€145,636 | -€241,383 | |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €797 | €165 | -€632 | -79.3% |
| Recurring financial charges | 65 | €797 | €165 | -€632 | -79.3% |
| Profit (loss) for the period before taxes | 9903 | €94,950 | -€145,726 | -€240,676 | |
| Income taxes | 67/77 | €19,727 | €238 | -€19,490 | -98.8% |
| Profit (loss) for the period | 9904 | €75,223 | -€145,963 | -€221,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,223 | -€145,963 | -€221,186 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.