myFaro: 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.
myFaro
Largest movements
- Deferred charges and accrued income +€172,831
up €172,831 (+1901.2%), from €9,091 to €181,921
- Receivables within one year -€39,060
no longer reported in 2025 (was €39,060)
of which Trade receivables: -€26,015
- Intangible fixed assets -€17,356
down €17,356 (-79.7%), from €21,790 to €4,434
- Cash +€15,317
new in 2025: €15,317
mainly Net result for the year (+€158,599) and Receivables within one year (+€39,060)
- Current investments -€7,988
no longer reported in 2025 (was €7,988)
- Profit (loss) carried forward +€158,599
up €158,599 (+53.4%), from -€296,864 to -€138,265
- Other debts -€90,000
no longer reported in 2025 (was €90,000)
- Debts after one year +€37,069
up €37,069 (+121.6%), from €30,495 to €67,564
- Trade debts +€27,798
up €27,798 (+20.1%), from €138,234 to €166,032
- Current portion of long-term debt -€3,546
down €3,546 (-40.3%), from €8,792 to €5,246
- Gross operating margin +€172,113
up €172,113 (+891.0%), from €19,316 to €191,430
- Staff costs -€28,308
down €28,308 (-71.7%), from €39,458 to €11,150
- Depreciation -€1,967
down €1,967 (-10.1%), from €19,507 to €17,540
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 | €77,929 | €206,725 | +€128,796 | +165.3% |
| Fixed assets | 21/28 | €21,790 | €9,487 | -€12,303 | -56.5% |
| Intangible fixed assets | 21 | €21,790 | €4,434 | -€17,356 | -79.7% |
| Tangible fixed assets | 22/27 | - | €5,053 | +€5,053 | |
| Plant, machinery and equipment | 23 | - | €431 | +€431 | |
| Furniture and vehicles | 24 | - | €4,622 | +€4,622 | |
| Current assets | 29/58 | €56,139 | €197,238 | +€141,099 | +251.3% |
| Amounts receivable within one year | 40/41 | €39,060 | - | -€39,060 | |
| Trade receivables | 40 | €26,015 | - | -€26,015 | |
| Other amounts receivable | 41 | €13,045 | - | -€13,045 | |
| Current investments | 50/53 | €7,988 | - | -€7,988 | |
| Cash at bank and in hand | 54/58 | - | €15,317 | +€15,317 | |
| Deferred charges and accrued income | 490/1 | €9,091 | €181,921 | +€172,831 | +1901.2% |
| Total equity and liabilities | 10/49 | €77,929 | €206,725 | +€128,796 | +165.3% |
| Equity | 10/15 | -€193,720 | -€35,121 | +€158,599 | +81.9% |
| Contributions | 10/11 | €98,550 | €98,550 | = | 0.0% |
| Reserves | 13 | €4,594 | €4,594 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,594 | €4,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,864 | -€138,265 | +€158,599 | +53.4% |
| Amounts payable | 17/49 | €271,649 | €241,846 | -€29,803 | -11.0% |
| Amounts payable after more than one year | 17 | €30,495 | €67,564 | +€37,069 | +121.6% |
| Financial debts | 170/4 | €30,495 | €67,564 | +€37,069 | +121.6% |
| Amounts payable within one year | 42/48 | €241,154 | €173,858 | -€67,296 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €8,792 | €5,246 | -€3,546 | -40.3% |
| Trade debts | 44 | €138,234 | €166,032 | +€27,798 | +20.1% |
| Suppliers | 440/4 | €138,234 | €166,032 | +€27,798 | +20.1% |
| Taxes, remuneration and social security | 45 | €4,128 | €2,579 | -€1,549 | -37.5% |
| Taxes | 450/3 | - | €2,579 | +€2,579 | |
| Remuneration and social security | 454/9 | €4,128 | - | -€4,128 | |
| Other amounts payable | 47/48 | €90,000 | - | -€90,000 | |
| Accrued charges and deferred income | 492/3 | - | €424 | +€424 | |
| Remuneration, social security and pensions | 62 | €39,458 | €11,150 | -€28,308 | -71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,507 | €17,540 | -€1,967 | -10.1% |
| Other operating charges | 640/8 | €738 | €627 | -€111 | -15.0% |
| Gross operating margin | 9900 | €19,316 | €191,430 | +€172,113 | +891.0% |
| Operating profit (loss) | 9901 | -€40,387 | €162,112 | +€202,499 | |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €2,063 | €3,580 | +€1,517 | +73.6% |
| Recurring financial charges | 65 | €2,063 | €3,580 | +€1,517 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | -€42,450 | €158,599 | +€201,049 | |
| Profit (loss) for the period | 9904 | -€42,450 | €158,599 | +€201,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,450 | €158,599 | +€201,049 |
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 8 October 2026 via checked.be.