FABIEN FOVEL: 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.
FABIEN FOVEL
Largest movements
- Receivables within one year -€17,345
down €17,345 (-89.9%), from €19,298 to €1,953
of which Trade receivables: -€16,864
- Cash +€2,213
up €2,213 (+9.6%), from €23,171 to €25,385
mainly Receivables within one year (+€17,345) and Trade debts (+€1,192)
- Tangible fixed assets -€491
down €491 (-43.7%), from €1,124 to €633
- Profit (loss) carried forward -€13,354
down €13,354 (-43.1%), from €30,978 to €17,624
- Tax, wage and social debts -€3,490
down €3,490 (-36.0%), from €9,686 to €6,195
- Trade debts +€1,192
new in 2025: €1,192
- Gross operating margin -€52,097
down €52,097, from €39,193 to -€12,904
- Taxes -€7,861
no longer reported in 2025 (was €7,861)
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 | €43,593 | €27,971 | -€15,622 | -35.8% |
| Fixed assets | 21/28 | €1,124 | €633 | -€491 | -43.7% |
| Tangible fixed assets | 22/27 | €1,124 | €633 | -€491 | -43.7% |
| Furniture and vehicles | 24 | €1,124 | €633 | -€491 | -43.7% |
| Current assets | 29/58 | €42,469 | €27,338 | -€15,131 | -35.6% |
| Amounts receivable within one year | 40/41 | €19,298 | €1,953 | -€17,345 | -89.9% |
| Trade receivables | 40 | €18,818 | €1,953 | -€16,864 | -89.6% |
| Other amounts receivable | 41 | €480 | - | -€480 | |
| Cash at bank and in hand | 54/58 | €23,171 | €25,385 | +€2,213 | +9.6% |
| Total equity and liabilities | 10/49 | €43,593 | €27,971 | -€15,622 | -35.8% |
| Equity | 10/15 | €32,978 | €19,624 | -€13,354 | -40.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,978 | €17,624 | -€13,354 | -43.1% |
| Amounts payable | 17/49 | €10,615 | €8,347 | -€2,268 | -21.4% |
| Amounts payable within one year | 42/48 | €10,615 | €8,347 | -€2,268 | -21.4% |
| Trade debts | 44 | - | €1,192 | +€1,192 | |
| Suppliers | 440/4 | - | €1,192 | +€1,192 | |
| Taxes, remuneration and social security | 45 | €9,686 | €6,195 | -€3,490 | -36.0% |
| Taxes | 450/3 | €9,686 | €6,195 | -€3,490 | -36.0% |
| Other amounts payable | 47/48 | €930 | €960 | +€30 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363 | €491 | +€128 | +35.2% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €39,193 | -€12,904 | -€52,097 | |
| Operating profit (loss) | 9901 | €38,830 | -€13,495 | -€52,325 | |
| Financial income | 75/76B | €10 | €343 | +€334 | +3472.5% |
| Recurring financial income | 75 | €10 | €343 | +€334 | +3472.5% |
| Financial charges | 65/66B | €1 | €203 | +€202 | +22668.5% |
| Recurring financial charges | 65 | €1 | €203 | +€202 | +22668.5% |
| Profit (loss) for the period before taxes | 9903 | €38,839 | -€13,354 | -€52,193 | |
| Income taxes | 67/77 | €7,861 | - | -€7,861 | |
| Profit (loss) for the period | 9904 | €30,978 | -€13,354 | -€44,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,978 | -€13,354 | -€44,332 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.