FAZOE: 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.
FAZOE
Largest movements
- Cash -€21,291
down €21,291 (-43.1%), from €49,347 to €28,056
mainly Stocks and contracts (-€17,575) and Trade debts (-€16,305)
- Stocks and contracts +€17,575
up €17,575 (+26.6%), from €66,166 to €83,741
- Receivables within one year -€11,577
down €11,577 (-94.5%), from €12,255 to €678
of which Other amounts receivable: -€6,289
- Trade debts -€16,305
down €16,305 (-19.0%), from €85,720 to €69,415
- Gross operating margin -€2,452
down €2,452 (-2.5%), from €99,830 to €97,378
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 | €131,322 | €115,075 | -€16,247 | -12.4% |
| Fixed assets | 21/28 | €3,555 | €2,600 | -€955 | -26.9% |
| Tangible fixed assets | 22/27 | €3,309 | €2,354 | -€955 | -28.9% |
| Plant, machinery and equipment | 23 | €2,324 | €1,690 | -€634 | -27.3% |
| Furniture and vehicles | 24 | €984 | €664 | -€320 | -32.6% |
| Financial fixed assets | 28 | €246 | €246 | = | 0.0% |
| Current assets | 29/58 | €127,767 | €112,475 | -€15,293 | -12.0% |
| Stocks and contracts in progress | 3 | €66,166 | €83,741 | +€17,575 | +26.6% |
| Stocks | 30/36 | €66,166 | €83,741 | +€17,575 | +26.6% |
| Amounts receivable within one year | 40/41 | €12,255 | €678 | -€11,577 | -94.5% |
| Trade receivables | 40 | €5,288 | - | -€5,288 | |
| Other amounts receivable | 41 | €6,967 | €678 | -€6,289 | -90.3% |
| Cash at bank and in hand | 54/58 | €49,347 | €28,056 | -€21,291 | -43.1% |
| Total equity and liabilities | 10/49 | €131,322 | €115,075 | -€16,247 | -12.4% |
| Equity | 10/15 | €27,170 | €27,645 | +€475 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €6,710 | €7,185 | +€475 | +7.1% |
| Amounts payable | 17/49 | €104,152 | €87,430 | -€16,722 | -16.1% |
| Amounts payable within one year | 42/48 | €104,152 | €87,430 | -€16,722 | -16.1% |
| Trade debts | 44 | €85,720 | €69,415 | -€16,305 | -19.0% |
| Suppliers | 440/4 | €85,720 | €69,415 | -€16,305 | -19.0% |
| Taxes, remuneration and social security | 45 | €15,335 | €15,107 | -€228 | -1.5% |
| Taxes | 450/3 | €2,103 | €1,530 | -€573 | -27.2% |
| Remuneration and social security | 454/9 | €13,232 | €13,577 | +€345 | +2.6% |
| Other amounts payable | 47/48 | €3,098 | €2,909 | -€189 | -6.1% |
| Remuneration, social security and pensions | 62 | €93,662 | €94,108 | +€445 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €955 | €955 | = | 0.0% |
| Other operating charges | 640/8 | €1,220 | €1,161 | -€59 | -4.8% |
| Gross operating margin | 9900 | €99,830 | €97,378 | -€2,452 | -2.5% |
| Operating profit (loss) | 9901 | €3,993 | €1,155 | -€2,838 | -71.1% |
| Financial income | 75/76B | €4 | €4 | -€1 | -14.9% |
| Recurring financial income | 75 | €4 | €4 | -€1 | -14.9% |
| Financial charges | 65/66B | €164 | €154 | -€10 | -6.2% |
| Recurring financial charges | 65 | €164 | €154 | -€10 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €3,833 | €1,005 | -€2,829 | -73.8% |
| Income taxes | 67/77 | €1,000 | €530 | -€470 | -47.0% |
| Profit (loss) for the period | 9904 | €2,833 | €475 | -€2,358 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,833 | €475 | -€2,358 | -83.2% |
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 3 October 2026 via checked.be.