FAGNES DEVELOPPEMENT: what changed
What changed
FAGNES DEVELOPPEMENT
NACE 66.300, Activities auxiliary to financial services and insurance activities
filed annual accounts (NBB)
Net result for the year
-€48,484
2024 · €8,641-€57,125
Equity
€6,703
2024 · €3.3m-€3.3m
Cash
€24,293
2024 · €86,585-€62,292
Balance sheet total
€3.9m
2024 · €4.3m-€388,818
Largest movements
Assets
- Tangible fixed assets -€207,304
down €207,304 (-5.1%), from €4.1m to €3.9m
of which Land and buildings: -€189,899
- Receivables within one year -€115,447
down €115,447 (-87.9%), from €131,397 to €15,951
of which Other amounts receivable: -€129,308
- Cash -€62,292
down €62,292 (-71.9%), from €86,585 to €24,293
mainly Contributions, distributions and other (-€3.2m) and Debts after one year (-€230,746)
Equity and liabilities
- Other debts +€3.2m
up €3.2m (+876%), from €361,800 to €3.5m
- Contributions -€3.0m
down €3.0m (-98.2%), from €3.1m to €55,186
- Debts after one year -€230,746
down €230,746 (-72.4%), from €318,734 to €87,988
- Investment grants -€130,000
down €130,000 (-100%), from €130,000 to €0
- Profit (loss) carried forward -€112,455
down €112,455, from €63,971 to -€48,484
Income statement
- Financial charges +€37,046
up €37,046 (+285%), from €12,986 to €50,032
- Services and other goods -€29,835
down €29,835 (-34.9%), from €85,459 to €55,624
- Depreciation +€25,386
up €25,386 (+12.8%), from €197,860 to €223,246
- Turnover -€13,940
down €13,940 (-4.1%), from €342,570 to €328,630
- Write-downs +€13,200
new in 2025: €13,200
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,641
Turnover
-€13,940
Other operating income
-€2,643
Services and other goods
+€29,835
Depreciation
-€25,386
Write-downs
-€13,200
Other operating charges
+€911
Financial income
-€16
Financial charges
-€37,046
Taxes
+€4,361
Result 2025
-€48,484
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.4m
Investment
-€12,550
Financing
-€3.5m
Cash 2024
€86,585
From operations (derived)
+€3.4m
Net result for the year
-€48,484
Depreciation
+€223,246
Receivables within one year
+€115,447
Deferred charges and accrued income
+€383
Trade debts
-€40,177
Tax, wage and social debts
-€20,753
Other debts
+€3.2m
Accrued charges and deferred income
+€24,000
Investment (derived)
-€12,550
Investment in fixed assets (net)
-€12,550
Financing
-€3.5m
Debts after one year
-€230,746
Current portion of long-term debt
-€20,345
Contributions, distributions and other
-€3.2m
Cash 2025
€24,293
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,313,512 | €3,924,694 | -€388,818 | -9.0% |
| Formation expenses | 20 | €7,460 | €4,068 | -€3,392 | -45.5% |
| Fixed assets | 21/28 | €4,081,510 | €3,874,205 | -€207,304 | -5.1% |
| Tangible fixed assets | 22/27 | €4,081,510 | €3,874,205 | -€207,304 | -5.1% |
| Land and buildings | 22 | €4,003,806 | €3,813,907 | -€189,899 | -4.7% |
| Leasing and similar rights | 25 | €77,704 | €60,299 | -€17,405 | -22.4% |
| Current assets | 29/58 | €224,543 | €46,421 | -€178,122 | -79.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €131,397 | €15,951 | -€115,447 | -87.9% |
| Trade receivables | 40 | €911 | €14,772 | +€13,861 | +1,522% |
| Other amounts receivable | 41 | €130,486 | €1,179 | -€129,308 | -99.1% |
| Cash at bank and in hand | 54/58 | €86,585 | €24,293 | -€62,292 | -71.9% |
| Deferred charges and accrued income | 490/1 | €6,560 | €6,177 | -€383 | -5.8% |
| Total equity and liabilities | 10/49 | €4,313,512 | €3,924,694 | -€388,818 | -9.0% |
| Equity | 10/15 | €3,277,971 | €6,703 | -€3.3m | -99.8% |
| Contributions | 10/11 | €3,084,000 | €55,186 | -€3.0m | -98.2% |
| Profit (loss) carried forward | 14 | €63,971 | -€48,484 | -€112,455 | |
| Investment grants | 15 | €130,000 | €0 | -€130,000 | -100% |
| Amounts payable | 17/49 | €1,035,541 | €3,917,991 | +€2.9m | +278% |
| Amounts payable after more than one year | 17 | €318,734 | €87,988 | -€230,746 | -72.4% |
| Financial debts | 170/4 | €318,734 | €87,988 | -€230,746 | -72.4% |
| Leasing and similar obligations | 172 | €61,236 | €44,130 | -€17,106 | -27.9% |
| Credit institutions | 173 | €257,498 | €43,858 | -€213,640 | -83.0% |
| Amounts payable within one year | 42/48 | €716,807 | €3,806,004 | +€3.1m | +431% |
| Current portion of amounts payable after more than one year | 42 | €251,092 | €230,746 | -€20,345 | -8.1% |
| Trade debts | 44 | €74,165 | €33,988 | -€40,177 | -54.2% |
| Suppliers | 440/4 | €74,165 | €33,988 | -€40,177 | -54.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,750 | €8,997 | -€20,753 | -69.8% |
| Taxes | 450/3 | €29,750 | €8,997 | -€20,753 | -69.8% |
| Other amounts payable | 47/48 | €361,800 | €3,532,272 | +€3.2m | +876% |
| Accrued charges and deferred income | 492/3 | €0 | €24,000 | +€24,000 | |
| Operating income | 70/76A | €345,544 | €328,962 | -€16,583 | -4.8% |
| Turnover | 70 | €342,570 | €328,630 | -€13,940 | -4.1% |
| Other operating income | 74 | €2,974 | €332 | -€2,643 | -88.8% |
| Operating charges | 60/66A | €319,573 | €327,413 | +€7,840 | +2.5% |
| Services and other goods | 61 | €85,459 | €55,624 | -€29,835 | -34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €197,860 | €223,246 | +€25,386 | +12.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,200 | +€13,200 | |
| Other operating charges | 640/8 | €36,254 | €35,343 | -€911 | -2.5% |
| Operating profit (loss) | 9901 | €25,972 | €1,549 | -€24,423 | -94.0% |
| Financial income | 75/76B | €16 | €0 | -€16 | -100% |
| Recurring financial income | 75 | €16 | €0 | -€16 | -100% |
| Other financial income | 752/9 | €16 | €0 | -€16 | -100% |
| Financial charges | 65/66B | €12,986 | €50,032 | +€37,046 | +285% |
| Recurring financial charges | 65 | €12,986 | €50,032 | +€37,046 | +285% |
| Debt charges | 650 | €12,517 | €49,530 | +€37,013 | +296% |
| Other financial charges | 652/9 | €469 | €502 | +€34 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €13,002 | -€48,484 | -€61,485 | |
| Income taxes | 67/77 | €4,361 | €0 | -€4,361 | -100% |
| Taxes | 670/3 | €4,361 | €0 | -€4,361 | -100% |
| Profit (loss) for the period | 9904 | €8,641 | -€48,484 | -€57,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,641 | -€48,484 | -€57,125 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.