IL FARO: 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.
IL FARO
Largest movements
- Cash +€28,794
up €28,794 (+72.6%), from €39,645 to €68,439
mainly Net result for the year (+€26,708) and Receivables within one year (+€9,095)
- Receivables within one year -€9,095
down €9,095 (-90.9%), from €10,000 to €905
- Deferred charges and accrued income +€1,087
up €1,087 (+81.9%), from €1,328 to €2,415
- Tangible fixed assets +€911
up €911 (+90.8%), from €1,003 to €1,914
of which Furniture and vehicles: +€699
- Reserves +€26,700
up €26,700 (+52.4%), from €51,000 to €77,700
- Current portion of long-term debt -€5,050
no longer reported in 2025 (was €5,050)
- Tax, wage and social debts +€1,030
up €1,030 (+38.7%), from €2,659 to €3,689
of which Remuneration and social security: +€1,900
- Trade debts -€991
down €991 (-81.4%), from €1,217 to €226
- Gross operating margin -€10,583
down €10,583 (-20.5%), from €51,585 to €41,001
- Taxes -€3,387
down €3,387 (-21.6%), from €15,717 to €12,330
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.
Derived cash bridge
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 | €66,615 | €88,312 | +€21,697 | +32.6% |
| Fixed assets | 21/28 | €3,643 | €4,554 | +€911 | +25.0% |
| Tangible fixed assets | 22/27 | €1,003 | €1,914 | +€911 | +90.8% |
| Plant, machinery and equipment | 23 | €1,003 | €1,215 | +€212 | +21.1% |
| Furniture and vehicles | 24 | - | €699 | +€699 | |
| Financial fixed assets | 28 | €2,640 | €2,640 | = | 0.0% |
| Current assets | 29/58 | €62,972 | €83,759 | +€20,787 | +33.0% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,000 | €905 | -€9,095 | -90.9% |
| Other amounts receivable | 41 | €10,000 | €905 | -€9,095 | -90.9% |
| Cash at bank and in hand | 54/58 | €39,645 | €68,439 | +€28,794 | +72.6% |
| Deferred charges and accrued income | 490/1 | €1,328 | €2,415 | +€1,087 | +81.9% |
| Total equity and liabilities | 10/49 | €66,615 | €88,312 | +€21,697 | +32.6% |
| Equity | 10/15 | €57,689 | €84,397 | +€26,708 | +46.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,000 | €77,700 | +€26,700 | +52.4% |
| Distributable reserves | 133 | €51,000 | €77,700 | +€26,700 | +52.4% |
| Profit (loss) carried forward | 14 | €489 | €497 | +€8 | +1.7% |
| Amounts payable | 17/49 | €8,926 | €3,915 | -€5,011 | -56.1% |
| Amounts payable within one year | 42/48 | €8,926 | €3,915 | -€5,011 | -56.1% |
| Current portion of amounts payable after more than one year | 42 | €5,050 | - | -€5,050 | |
| Trade debts | 44 | €1,217 | €226 | -€991 | -81.4% |
| Suppliers | 440/4 | €1,217 | €226 | -€991 | -81.4% |
| Taxes, remuneration and social security | 45 | €2,659 | €3,689 | +€1,030 | +38.7% |
| Taxes | 450/3 | €2,659 | €1,789 | -€870 | -32.7% |
| Remuneration and social security | 454/9 | - | €1,900 | +€1,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €280 | €337 | +€57 | +20.2% |
| Other operating charges | 640/8 | €623 | €588 | -€36 | -5.7% |
| Gross operating margin | 9900 | €51,585 | €41,001 | -€10,583 | -20.5% |
| Operating profit (loss) | 9901 | €50,681 | €40,077 | -€10,604 | -20.9% |
| Financial income | 75/76B | €10 | €30 | +€19 | +190% |
| Recurring financial income | 75 | €10 | €30 | +€19 | +190% |
| Financial charges | 65/66B | €1,426 | €1,069 | -€357 | -25.1% |
| Recurring financial charges | 65 | €1,426 | €1,069 | -€357 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €49,265 | €39,038 | -€10,227 | -20.8% |
| Income taxes | 67/77 | €15,717 | €12,330 | -€3,387 | -21.6% |
| Profit (loss) for the period | 9904 | €33,549 | €26,708 | -€6,840 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,549 | €26,708 | -€6,840 | -20.4% |
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 28 October 2026 via checked.be.