DE FAZANT: 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.
DE FAZANT
Largest movements
- Stocks and contracts -€187,388
down €187,388 (-91.0%), from €205,969 to €18,581
- Tangible fixed assets -€50,746
down €50,746 (-36.8%), from €137,907 to €87,161
of which Furniture and vehicles: -€31,170
- Receivables within one year -€8,196
down €8,196 (-55.8%), from €14,691 to €6,494
of which Other amounts receivable: -€13,093
- Cash -€5,352
down €5,352 (-40.3%), from €13,287 to €7,935
mainly Debts after one year (-€202,155) and Trade debts (-€44,528)
- Debts after one year -€202,155
down €202,155 (-100%), from €202,155 to €0
- Trade debts -€44,528
down €44,528 (-52.4%), from €85,031 to €40,503
- Reserves -€5,546
down €5,546 (-8.7%), from €63,485 to €57,940
- Staff costs +€14,690
up €14,690 (+13.5%), from €108,514 to €123,204
- Depreciation -€14,638
down €14,638 (-34.9%), from €41,884 to €27,246
- Financial charges +€2,146
up €2,146 (+97.2%), from €2,208 to €4,354
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 | €373,339 | €122,329 | -€251,010 | -67.2% |
| Fixed assets | 21/28 | €138,172 | €87,376 | -€50,796 | -36.8% |
| Intangible fixed assets | 21 | €265 | €215 | -€50 | -18.9% |
| Tangible fixed assets | 22/27 | €137,907 | €87,161 | -€50,746 | -36.8% |
| Land and buildings | 22 | €25,677 | €21,387 | -€4,290 | -16.7% |
| Plant, machinery and equipment | 23 | €69,374 | €54,087 | -€15,286 | -22.0% |
| Furniture and vehicles | 24 | €42,856 | €11,686 | -€31,170 | -72.7% |
| Current assets | 29/58 | €235,167 | €34,954 | -€200,213 | -85.1% |
| Stocks and contracts in progress | 3 | €205,969 | €18,581 | -€187,388 | -91.0% |
| Stocks | 30/36 | €205,969 | €18,581 | -€187,388 | -91.0% |
| Amounts receivable within one year | 40/41 | €14,691 | €6,494 | -€8,196 | -55.8% |
| Trade receivables | 40 | €0 | €4,897 | +€4,897 | |
| Other amounts receivable | 41 | €14,691 | €1,597 | -€13,093 | -89.1% |
| Cash at bank and in hand | 54/58 | €13,287 | €7,935 | -€5,352 | -40.3% |
| Deferred charges and accrued income | 490/1 | €1,220 | €1,943 | +€722 | +59.2% |
| Total equity and liabilities | 10/49 | €373,339 | €122,329 | -€251,010 | -67.2% |
| Equity | 10/15 | €75,985 | €70,440 | -€5,546 | -7.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €63,485 | €57,940 | -€5,546 | -8.7% |
| Distributable reserves | 133 | €63,485 | €57,940 | -€5,546 | -8.7% |
| Amounts payable | 17/49 | €297,354 | €51,890 | -€245,464 | -82.5% |
| Amounts payable after more than one year | 17 | €202,155 | €0 | -€202,155 | -100% |
| Other amounts payable | 178/9 | €202,155 | €0 | -€202,155 | -100% |
| Amounts payable within one year | 42/48 | €95,199 | €51,884 | -€43,315 | -45.5% |
| Financial debts | 43 | - | €634 | +€634 | |
| Credit institutions | 430/8 | - | €634 | +€634 | |
| Trade debts | 44 | €85,031 | €40,503 | -€44,528 | -52.4% |
| Suppliers | 440/4 | €85,031 | €40,503 | -€44,528 | -52.4% |
| Advances received on contracts in progress | 46 | - | €78 | +€78 | |
| Taxes, remuneration and social security | 45 | €10,168 | €9,975 | -€194 | -1.9% |
| Taxes | 450/3 | - | €3,827 | +€3,827 | |
| Remuneration and social security | 454/9 | €10,168 | €6,147 | -€4,021 | -39.5% |
| Other amounts payable | 47/48 | - | €695 | +€695 | |
| Accrued charges and deferred income | 492/3 | - | €6 | +€6 | |
| Non-recurring operating income | 76A | - | €17,541 | +€17,541 | |
| Remuneration, social security and pensions | 62 | €108,514 | €123,204 | +€14,690 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,884 | €27,246 | -€14,638 | -34.9% |
| Other operating charges | 640/8 | €435 | €1,827 | +€1,392 | +320% |
| Non-recurring operating charges | 66A | - | €1,578 | +€1,578 | |
| Gross operating margin | 9900 | €153,751 | €152,817 | -€934 | -0.6% |
| Operating profit (loss) | 9901 | €2,918 | -€1,038 | -€3,955 | |
| Financial income | 75/76B | €69 | €179 | +€110 | +159% |
| Recurring financial income | 75 | €69 | €179 | +€110 | +159% |
| Financial charges | 65/66B | €2,208 | €4,354 | +€2,146 | +97.2% |
| Recurring financial charges | 65 | €2,208 | €4,354 | +€2,146 | +97.2% |
| Profit (loss) for the period before taxes | 9903 | €779 | -€5,213 | -€5,991 | |
| Income taxes | 67/77 | €1,824 | €333 | -€1,492 | -81.8% |
| Profit (loss) for the period | 9904 | -€1,046 | -€5,546 | -€4,500 | -430% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,046 | -€5,546 | -€4,500 | -430% |
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 25 October 2026 via checked.be.