C FANDRE: 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.
C FANDRE
Largest movements
- Cash -€96,650
down €96,650 (-55.8%), from €173,308 to €76,658
mainly Contributions, distributions and other (-€122,571) and Other debts (-€100,146)
- Receivables after one year -€17,500
down €17,500 (-100.0%), from €17,500 to €0
- Deferred charges and accrued income +€5,351
up €5,351 (+22.1%), from €24,195 to €29,546
- Receivables within one year +€4,516
up €4,516 (+52.7%), from €8,565 to €13,081
- Other debts -€100,146
down €100,146 (-97.3%), from €102,939 to €2,793
- Tax, wage and social debts -€3,059
down €3,059 (-100.0%), from €3,059 to €0
of which Taxes: -€3,059
- Gross operating margin +€12,633
up €12,633 (+8.4%), from €150,193 to €162,826
- Other operating charges -€4,780
down €4,780 (-83.7%), from €5,710 to €930
- Taxes +€4,048
up €4,048 (+12.9%), from €31,435 to €35,484
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 | €224,954 | €121,892 | -€103,062 | -45.8% |
| Formation expenses | 20 | €241 | €0 | -€241 | -100.0% |
| Fixed assets | 21/28 | €1,146 | €2,607 | +€1,461 | +127.4% |
| Tangible fixed assets | 22/27 | €1,146 | €2,607 | +€1,461 | +127.4% |
| Plant, machinery and equipment | 23 | €20 | €1,352 | +€1,331 | +6519.8% |
| Furniture and vehicles | 24 | €1,126 | €1,256 | +€130 | +11.5% |
| Current assets | 29/58 | €223,567 | €119,285 | -€104,282 | -46.6% |
| Amounts receivable after more than one year | 29 | €17,500 | €0 | -€17,500 | -100.0% |
| Other amounts receivable | 291 | €17,500 | €0 | -€17,500 | -100.0% |
| Amounts receivable within one year | 40/41 | €8,565 | €13,081 | +€4,516 | +52.7% |
| Other amounts receivable | 41 | €8,565 | €13,081 | +€4,516 | +52.7% |
| Cash at bank and in hand | 54/58 | €173,308 | €76,658 | -€96,650 | -55.8% |
| Deferred charges and accrued income | 490/1 | €24,195 | €29,546 | +€5,351 | +22.1% |
| Total equity and liabilities | 10/49 | €224,954 | €121,892 | -€103,062 | -45.8% |
| Equity | 10/15 | €117,717 | €117,717 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €113,717 | €113,717 | = | 0.0% |
| Distributable reserves | 133 | €113,717 | €113,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,238 | €4,176 | -€103,062 | -96.1% |
| Amounts payable within one year | 42/48 | €106,585 | €4,176 | -€102,409 | -96.1% |
| Trade debts | 44 | €588 | €1,383 | +€795 | +135.3% |
| Suppliers | 440/4 | €588 | €1,383 | +€795 | +135.3% |
| Taxes, remuneration and social security | 45 | €3,059 | €0 | -€3,059 | -100.0% |
| Taxes | 450/3 | €3,059 | €0 | -€3,059 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €102,939 | €2,793 | -€100,146 | -97.3% |
| Accrued charges and deferred income | 492/3 | €653 | €0 | -€653 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905 | €810 | -€95 | -10.5% |
| Other operating charges | 640/8 | €5,710 | €930 | -€4,780 | -83.7% |
| Gross operating margin | 9900 | €150,193 | €162,826 | +€12,633 | +8.4% |
| Operating profit (loss) | 9901 | €143,579 | €161,086 | +€17,507 | +12.2% |
| Financial income | 75/76B | €1 | €4 | +€3 | +602.0% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +602.0% |
| Financial charges | 65/66B | €3,484 | €3,034 | -€450 | -12.9% |
| Recurring financial charges | 65 | €3,484 | €3,034 | -€450 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €140,095 | €158,055 | +€17,960 | +12.8% |
| Income taxes | 67/77 | €31,435 | €35,484 | +€4,048 | +12.9% |
| Profit (loss) for the period | 9904 | €108,660 | €122,571 | +€13,912 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,660 | €122,571 | +€13,912 | +12.8% |
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 5 October 2026 via checked.be.