FAGNE FINANCES: 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.
FAGNE FINANCES
Largest movements
- Current investments +€200,000
up €200,000 (+20.0%), from €1.0m to €1.2m
- Cash -€76,126
down €76,126 (-55.2%), from €137,936 to €61,810
mainly Trade debts (-€301,291) and Current investments (-€200,000)
- Receivables within one year -€25,967
down €25,967 (-68.7%), from €37,803 to €11,837
of which Trade receivables: -€20,784
- Reserves +€402,141
up €402,141 (+48.1%), from €835,756 to €1.2m
of which Distributable reserves: +€402,141
- Trade debts -€301,291
down €301,291 (-98.8%), from €304,843 to €3,552
- Financial income +€594,945
up €594,945 (+3,022%), from €19,689 to €614,634
of which Non-recurring financial income: +€598,550
- Gross operating margin -€319,561
down €319,561 (-83.7%), from €381,625 to €62,064
- Taxes +€100,893
up €100,893 (+120%), from €84,098 to €184,990
- Other operating charges -€35,109
down €35,109 (-95.1%), from €36,918 to €1,809
- Staff costs -€13,451
down €13,451 (-16.1%), from €83,295 to €69,845
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 | €2,019,997 | €2,109,279 | +€89,282 | +4.4% |
| Fixed assets | 21/28 | €842,780 | €829,261 | -€13,519 | -1.6% |
| Intangible fixed assets | 21 | €1,203 | €0 | -€1,203 | -100% |
| Tangible fixed assets | 22/27 | €841,503 | €829,187 | -€12,316 | -1.5% |
| Land and buildings | 22 | €793,629 | €793,354 | -€275 | 0.0% |
| Plant, machinery and equipment | 23 | €1,935 | €1,078 | -€857 | -44.3% |
| Furniture and vehicles | 24 | €24,258 | €14,496 | -€9,761 | -40.2% |
| Other tangible fixed assets | 26 | €21,682 | €20,259 | -€1,423 | -6.6% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €1,177,217 | €1,280,018 | +€102,801 | +8.7% |
| Amounts receivable within one year | 40/41 | €37,803 | €11,837 | -€25,967 | -68.7% |
| Trade receivables | 40 | €26,621 | €5,837 | -€20,784 | -78.1% |
| Other amounts receivable | 41 | €11,182 | €5,999 | -€5,183 | -46.3% |
| Current investments | 50/53 | €1,000,000 | €1,200,000 | +€200,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €137,936 | €61,810 | -€76,126 | -55.2% |
| Deferred charges and accrued income | 490/1 | €1,478 | €6,371 | +€4,893 | +331% |
| Total equity and liabilities | 10/49 | €2,019,997 | €2,109,279 | +€89,282 | +4.4% |
| Equity | 10/15 | €1,634,787 | €2,036,928 | +€402,141 | +24.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €835,756 | €1,237,897 | +€402,141 | +48.1% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €833,881 | €1,236,022 | +€402,141 | +48.2% |
| Profit (loss) carried forward | 14 | €780,281 | €780,281 | = | 0.0% |
| Amounts payable | 17/49 | €385,210 | €72,351 | -€312,859 | -81.2% |
| Amounts payable within one year | 42/48 | €384,395 | €70,394 | -€314,002 | -81.7% |
| Current portion of amounts payable after more than one year | 42 | €8,446 | - | -€8,446 | |
| Trade debts | 44 | €304,843 | €3,552 | -€301,291 | -98.8% |
| Suppliers | 440/4 | €304,843 | €3,552 | -€301,291 | -98.8% |
| Taxes, remuneration and social security | 45 | €57,205 | €57,022 | -€183 | -0.3% |
| Taxes | 450/3 | €50,890 | €51,520 | +€630 | +1.2% |
| Remuneration and social security | 454/9 | €6,315 | €5,502 | -€813 | -12.9% |
| Other amounts payable | 47/48 | €13,902 | €9,820 | -€4,082 | -29.4% |
| Accrued charges and deferred income | 492/3 | €815 | €1,957 | +€1,143 | +140% |
| Remuneration, social security and pensions | 62 | €83,295 | €69,845 | -€13,451 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,865 | €17,472 | -€1,393 | -7.4% |
| Other operating charges | 640/8 | €36,918 | €1,809 | -€35,109 | -95.1% |
| Gross operating margin | 9900 | €381,625 | €62,064 | -€319,561 | -83.7% |
| Operating profit (loss) | 9901 | €242,546 | -€27,062 | -€269,608 | |
| Financial income | 75/76B | €19,689 | €614,634 | +€594,945 | +3,022% |
| Recurring financial income | 75 | €19,442 | €15,837 | -€3,605 | -18.5% |
| Non-recurring financial income | 76B | €247 | €598,797 | +€598,550 | +242,505% |
| Financial charges | 65/66B | €1,134 | €441 | -€693 | -61.1% |
| Recurring financial charges | 65 | €1,134 | €441 | -€693 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €261,101 | €587,131 | +€326,030 | +125% |
| Income taxes | 67/77 | €84,098 | €184,990 | +€100,893 | +120% |
| Profit (loss) for the period | 9904 | €177,003 | €402,141 | +€225,138 | +127% |
| Profit (loss) for the period to be appropriated | 9905 | €177,003 | €402,141 | +€225,138 | +127% |
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 31 October 2026 via checked.be.