FABIEN DEROANNE: 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.
FABIEN DEROANNE
Largest movements
- Tangible fixed assets -€13,877
down €13,877 (-3.0%), from €467,121 to €453,244
of which Land and buildings: -€18,692
- Receivables within one year -€5,800
down €5,800 (-9.6%), from €60,250 to €54,450
of which Trade receivables: -€5,800
- Debts after one year -€189,425
down €189,425 (-52.7%), from €359,191 to €169,766
of which Other amounts payable: -€172,900
- Short-term financial debts +€115,000
up €115,000 (+2,300%), from €5,000 to €120,000
- Trade debts +€30,146
up €30,146 (+280%), from €10,768 to €40,914
- Profit (loss) carried forward +€17,736
up €17,736 (+26.2%), from -€67,817 to -€50,082
- Tax, wage and social debts +€5,420
up €5,420 (+102%), from €5,301 to €10,720
- Gross operating margin -€64,530
down €64,530 (-51.1%), from €126,343 to €61,812
- Depreciation -€12,422
down €12,422 (-39.9%), from €31,133 to €18,711
- Taxes +€6,846
new in 2025: €6,846
- Financial charges +€2,371
up €2,371 (+53.9%), from €4,397 to €6,768
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 | €536,379 | €514,106 | -€22,273 | -4.2% |
| Fixed assets | 21/28 | €467,121 | €453,244 | -€13,877 | -3.0% |
| Tangible fixed assets | 22/27 | €467,121 | €453,244 | -€13,877 | -3.0% |
| Land and buildings | 22 | €467,121 | €448,428 | -€18,692 | -4.0% |
| Plant, machinery and equipment | 23 | - | €4,815 | +€4,815 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €69,258 | €60,862 | -€8,396 | -12.1% |
| Amounts receivable within one year | 40/41 | €60,250 | €54,450 | -€5,800 | -9.6% |
| Trade receivables | 40 | €60,250 | €54,450 | -€5,800 | -9.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €4,514 | €2,727 | -€1,787 | -39.6% |
| Deferred charges and accrued income | 490/1 | €4,494 | €3,686 | -€808 | -18.0% |
| Total equity and liabilities | 10/49 | €536,379 | €514,106 | -€22,273 | -4.2% |
| Equity | 10/15 | €132,183 | €149,918 | +€17,736 | +13.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Contributions outside capital | 11 | €200,000 | €200,000 | = | 0.0% |
| Other | 1109/19 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,817 | -€50,082 | +€17,736 | +26.2% |
| Amounts payable | 17/49 | €404,196 | €364,188 | -€40,008 | -9.9% |
| Amounts payable after more than one year | 17 | €359,191 | €169,766 | -€189,425 | -52.7% |
| Financial debts | 170/4 | €22,091 | €5,566 | -€16,525 | -74.8% |
| Other amounts payable | 178/9 | €337,100 | €164,200 | -€172,900 | -51.3% |
| Amounts payable within one year | 42/48 | €41,313 | €189,311 | +€147,997 | +358% |
| Current portion of amounts payable after more than one year | 42 | €16,269 | €16,525 | +€256 | +1.6% |
| Financial debts | 43 | €5,000 | €120,000 | +€115,000 | +2,300% |
| Credit institutions | 430/8 | €5,000 | €120,000 | +€115,000 | +2,300% |
| Trade debts | 44 | €10,768 | €40,914 | +€30,146 | +280% |
| Suppliers | 440/4 | €10,768 | €40,914 | +€30,146 | +280% |
| Taxes, remuneration and social security | 45 | €5,301 | €10,720 | +€5,420 | +102% |
| Taxes | 450/3 | €5,301 | €10,720 | +€5,420 | +102% |
| Other amounts payable | 47/48 | €3,976 | €1,152 | -€2,824 | -71.0% |
| Accrued charges and deferred income | 492/3 | €3,692 | €5,111 | +€1,419 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,133 | €18,711 | -€12,422 | -39.9% |
| Other operating charges | 640/8 | €12,278 | €11,755 | -€523 | -4.3% |
| Gross operating margin | 9900 | €126,343 | €61,812 | -€64,530 | -51.1% |
| Operating profit (loss) | 9901 | €82,932 | €31,347 | -€51,585 | -62.2% |
| Financial income | 75/76B | €0 | €3 | +€3 | +14,750% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +14,750% |
| Financial charges | 65/66B | €4,397 | €6,768 | +€2,371 | +53.9% |
| Recurring financial charges | 65 | €4,397 | €6,768 | +€2,371 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | €78,535 | €24,582 | -€53,953 | -68.7% |
| Income taxes | 67/77 | - | €6,846 | +€6,846 | |
| Profit (loss) for the period | 9904 | €78,535 | €17,736 | -€60,799 | -77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,535 | €17,736 | -€60,799 | -77.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.