FAZOEWA: 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.
FAZOEWA
Largest movements
- Stocks and contracts +€24,699
up €24,699 (+43.7%), from €56,511 to €81,210
- Cash -€23,555
down €23,555 (-38.4%), from €61,347 to €37,792
mainly Stocks and contracts (-€24,699) and Investment in fixed assets (net) (-€10,491)
- Receivables within one year -€1,798
down €1,798 (-41.8%), from €4,298 to €2,500
- Tax, wage and social debts +€11,633
up €11,633 (+90.3%), from €12,880 to €24,513
of which Remuneration and social security: +€11,638
- Debts after one year -€7,671
no longer reported in 2025 (was €7,671)
- Current portion of long-term debt -€4,635
down €4,635 (-37.7%), from €12,306 to €7,671
- Trade debts +€2,411
up €2,411 (+2.9%), from €82,957 to €85,368
- Other debts -€2,287
down €2,287 (-58.1%), from €3,933 to €1,646
- Staff costs +€37,930
up €37,930 (+39.4%), from €96,266 to €134,196
- Gross operating margin +€36,269
up €36,269 (+32.8%), from €110,726 to €146,995
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 | €141,756 | €141,445 | -€311 | -0.2% |
| Fixed assets | 21/28 | €19,601 | €19,943 | +€342 | +1.7% |
| Tangible fixed assets | 22/27 | €19,551 | €19,893 | +€342 | +1.8% |
| Plant, machinery and equipment | 23 | €15,452 | €18,167 | +€2,715 | +17.6% |
| Furniture and vehicles | 24 | €4,099 | €1,726 | -€2,373 | -57.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €122,156 | €121,503 | -€653 | -0.5% |
| Stocks and contracts in progress | 3 | €56,511 | €81,210 | +€24,699 | +43.7% |
| Stocks | 30/36 | €56,511 | €81,210 | +€24,699 | +43.7% |
| Amounts receivable within one year | 40/41 | €4,298 | €2,500 | -€1,798 | -41.8% |
| Trade receivables | 40 | €4,298 | €2,500 | -€1,798 | -41.8% |
| Cash at bank and in hand | 54/58 | €61,347 | €37,792 | -€23,555 | -38.4% |
| Total equity and liabilities | 10/49 | €141,756 | €141,445 | -€311 | -0.2% |
| Equity | 10/15 | €22,009 | €22,247 | +€238 | +1.1% |
| 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 | €1,549 | €1,787 | +€238 | +15.4% |
| Amounts payable | 17/49 | €119,747 | €119,198 | -€549 | -0.5% |
| Amounts payable after more than one year | 17 | €7,671 | - | -€7,671 | |
| Financial debts | 170/4 | €7,671 | - | -€7,671 | |
| Amounts payable within one year | 42/48 | €112,076 | €119,198 | +€7,123 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €12,306 | €7,671 | -€4,635 | -37.7% |
| Trade debts | 44 | €82,957 | €85,368 | +€2,411 | +2.9% |
| Suppliers | 440/4 | €82,957 | €85,368 | +€2,411 | +2.9% |
| Taxes, remuneration and social security | 45 | €12,880 | €24,513 | +€11,633 | +90.3% |
| Taxes | 450/3 | €737 | €732 | -€5 | -0.6% |
| Remuneration and social security | 454/9 | €12,143 | €23,781 | +€11,638 | +95.8% |
| Other amounts payable | 47/48 | €3,933 | €1,646 | -€2,287 | -58.1% |
| Remuneration, social security and pensions | 62 | €96,266 | €134,196 | +€37,930 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,288 | €10,149 | -€139 | -1.3% |
| Other operating charges | 640/8 | €2,145 | €2,190 | +€46 | +2.1% |
| Gross operating margin | 9900 | €110,726 | €146,995 | +€36,269 | +32.8% |
| Operating profit (loss) | 9901 | €2,027 | €460 | -€1,567 | -77.3% |
| Financial income | 75/76B | €443 | €453 | +€10 | +2.2% |
| Recurring financial income | 75 | €443 | €453 | +€10 | +2.2% |
| Financial charges | 65/66B | €817 | €500 | -€317 | -38.8% |
| Recurring financial charges | 65 | €817 | €500 | -€317 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €1,654 | €413 | -€1,241 | -75.0% |
| Income taxes | 67/77 | €592 | €175 | -€417 | -70.4% |
| Profit (loss) for the period | 9904 | €1,062 | €238 | -€824 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,062 | €238 | -€824 | -77.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.