F.A.N GROUP: 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.
F.A.N GROUP
Largest movements
- Cash +€16,350
up €16,350 (+64.1%), from €25,490 to €41,839
mainly Net result for the year (+€22,581) and Depreciation (+€8,557)
- Receivables within one year +€10,882
up €10,882 (+226%), from €4,823 to €15,704
of which Other amounts receivable: +€10,660
- Tangible fixed assets -€6,700
down €6,700 (-13.9%), from €48,290 to €41,590
of which Plant, machinery and equipment: -€8,528
- Profit (loss) carried forward +€22,581
up €22,581 (+4,312%), from €524 to €23,105
- Other debts -€11,326
no longer reported in 2025 (was €11,326)
- Trade debts +€8,289
up €8,289 (+50.2%), from €16,497 to €24,786
- Gross operating margin +€42,429
up €42,429 (+117%), from €36,144 to €78,572
- Staff costs +€24,315
up €24,315 (+165%), from €14,752 to €39,067
- Taxes +€5,368
up €5,368 (+362%), from €1,484 to €6,851
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 | €87,143 | €107,374 | +€20,231 | +23.2% |
| Fixed assets | 21/28 | €52,960 | €46,260 | -€6,700 | -12.7% |
| Tangible fixed assets | 22/27 | €48,290 | €41,590 | -€6,700 | -13.9% |
| Plant, machinery and equipment | 23 | €48,290 | €39,762 | -€8,528 | -17.7% |
| Furniture and vehicles | 24 | - | €1,828 | +€1,828 | |
| Financial fixed assets | 28 | €4,670 | €4,670 | = | 0.0% |
| Current assets | 29/58 | €34,183 | €61,114 | +€26,931 | +78.8% |
| Stocks and contracts in progress | 3 | €3,871 | €3,570 | -€301 | -7.8% |
| Stocks | 30/36 | €3,871 | €3,570 | -€301 | -7.8% |
| Amounts receivable within one year | 40/41 | €4,823 | €15,704 | +€10,882 | +226% |
| Trade receivables | 40 | €3,577 | €3,799 | +€222 | +6.2% |
| Other amounts receivable | 41 | €1,246 | €11,906 | +€10,660 | +856% |
| Cash at bank and in hand | 54/58 | €25,490 | €41,839 | +€16,350 | +64.1% |
| Total equity and liabilities | 10/49 | €87,143 | €107,374 | +€20,231 | +23.2% |
| Equity | 10/15 | €40,874 | €63,455 | +€22,581 | +55.2% |
| Contributions | 10/11 | €40,350 | €40,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €524 | €23,105 | +€22,581 | +4,312% |
| Amounts payable | 17/49 | €46,269 | €43,919 | -€2,351 | -5.1% |
| Amounts payable within one year | 42/48 | €46,269 | €43,919 | -€2,351 | -5.1% |
| Trade debts | 44 | €16,497 | €24,786 | +€8,289 | +50.2% |
| Suppliers | 440/4 | €16,497 | €24,786 | +€8,289 | +50.2% |
| Taxes, remuneration and social security | 45 | €18,447 | €19,133 | +€686 | +3.7% |
| Taxes | 450/3 | €4,391 | €7,736 | +€3,345 | +76.2% |
| Remuneration and social security | 454/9 | €14,056 | €11,397 | -€2,659 | -18.9% |
| Other amounts payable | 47/48 | €11,326 | - | -€11,326 | |
| Remuneration, social security and pensions | 62 | €14,752 | €39,067 | +€24,315 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,528 | €8,557 | +€29 | +0.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €36,144 | €78,572 | +€42,429 | +117% |
| Operating profit (loss) | 9901 | €12,476 | €30,549 | +€18,072 | +145% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,900% |
| Financial charges | 65/66B | €373 | €1,116 | +€743 | +199% |
| Recurring financial charges | 65 | €373 | €1,116 | +€743 | +199% |
| Profit (loss) for the period before taxes | 9903 | €12,103 | €29,433 | +€17,330 | +143% |
| Income taxes | 67/77 | €1,484 | €6,851 | +€5,368 | +362% |
| Profit (loss) for the period | 9904 | €10,619 | €22,581 | +€11,962 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €10,619 | €22,581 | +€11,962 | +113% |
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 13 October 2026 via checked.be.