FAGNES ET SAVEURS: 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.
FAGNES ET SAVEURS
Largest movements
- Tangible fixed assets +€58,116
up €58,116 (+20.9%), from €277,588 to €335,703
of which Plant, machinery and equipment: +€49,310
- Cash +€45,862
up €45,862 (+22.4%), from €204,666 to €250,528
mainly Depreciation (+€100,034) and Net result for the year (+€98,229)
- Receivables within one year -€8,506
down €8,506 (-7.0%), from €121,467 to €112,962
of which Trade receivables: -€10,274
- Other debts +€97,846
up €97,846 (+126%), from €77,889 to €175,735
- Reserves +€28,904
up €28,904 (+7.1%), from €405,042 to €433,947
- Trade debts -€14,902
down €14,902 (-18.5%), from €80,677 to €65,775
- Current portion of long-term debt -€10,391
down €10,391 (-66.3%), from €15,677 to €5,286
- Gross operating margin +€79,788
up €79,788 (+24.1%), from €331,745 to €411,533
- Financial charges +€38,980
up €38,980 (+706%), from €5,519 to €44,499
- Staff costs +€24,783
up €24,783 (+23.5%), from €105,456 to €130,239
- Depreciation +€20,955
up €20,955 (+26.5%), from €79,080 to €100,034
- Taxes -€4,566
down €4,566 (-12.5%), from €36,465 to €31,899
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 | €632,097 | €733,863 | +€101,766 | +16.1% |
| Fixed assets | 21/28 | €277,779 | €335,895 | +€58,116 | +20.9% |
| Tangible fixed assets | 22/27 | €277,588 | €335,703 | +€58,116 | +20.9% |
| Land and buildings | 22 | €25,000 | €12,500 | -€12,500 | -50.0% |
| Plant, machinery and equipment | 23 | €238,648 | €287,957 | +€49,310 | +20.7% |
| Furniture and vehicles | 24 | €13,460 | €34,926 | +€21,466 | +159% |
| Other tangible fixed assets | 26 | €480 | €320 | -€160 | -33.3% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €354,318 | €397,968 | +€43,650 | +12.3% |
| Stocks and contracts in progress | 3 | €22,670 | €29,492 | +€6,821 | +30.1% |
| Stocks | 30/36 | €22,670 | €29,492 | +€6,821 | +30.1% |
| Amounts receivable within one year | 40/41 | €121,467 | €112,962 | -€8,506 | -7.0% |
| Trade receivables | 40 | €115,128 | €104,854 | -€10,274 | -8.9% |
| Other amounts receivable | 41 | €6,339 | €8,107 | +€1,768 | +27.9% |
| Cash at bank and in hand | 54/58 | €204,666 | €250,528 | +€45,862 | +22.4% |
| Deferred charges and accrued income | 490/1 | €5,515 | €4,987 | -€528 | -9.6% |
| Total equity and liabilities | 10/49 | €632,097 | €733,863 | +€101,766 | +16.1% |
| Equity | 10/15 | €427,611 | €454,766 | +€27,154 | +6.4% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €405,042 | €433,947 | +€28,904 | +7.1% |
| Distributable reserves | 133 | €405,042 | €433,947 | +€28,904 | +7.1% |
| Profit (loss) carried forward | 14 | €6,675 | €6,675 | = | 0.0% |
| Investment grants | 15 | €3,500 | €1,750 | -€1,750 | -50.0% |
| Amounts payable | 17/49 | €204,486 | €279,097 | +€74,611 | +36.5% |
| Amounts payable after more than one year | 17 | €13,407 | €8,121 | -€5,286 | -39.4% |
| Financial debts | 170/4 | €13,407 | €8,121 | -€5,286 | -39.4% |
| Amounts payable within one year | 42/48 | €188,076 | €266,086 | +€78,009 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €15,677 | €5,286 | -€10,391 | -66.3% |
| Trade debts | 44 | €80,677 | €65,775 | -€14,902 | -18.5% |
| Suppliers | 440/4 | €80,677 | €65,775 | -€14,902 | -18.5% |
| Taxes, remuneration and social security | 45 | €13,834 | €19,290 | +€5,456 | +39.4% |
| Taxes | 450/3 | €6,151 | €2,768 | -€3,383 | -55.0% |
| Remuneration and social security | 454/9 | €7,683 | €16,521 | +€8,839 | +115% |
| Other amounts payable | 47/48 | €77,889 | €175,735 | +€97,846 | +126% |
| Accrued charges and deferred income | 492/3 | €3,003 | €4,891 | +€1,888 | +62.9% |
| Remuneration, social security and pensions | 62 | €105,456 | €130,239 | +€24,783 | +23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,080 | €100,034 | +€20,955 | +26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €783 | - | -€783 | |
| Other operating charges | 640/8 | €4,585 | €8,567 | +€3,982 | +86.8% |
| Gross operating margin | 9900 | €331,745 | €411,533 | +€79,788 | +24.1% |
| Operating profit (loss) | 9901 | €141,840 | €172,693 | +€30,852 | +21.8% |
| Financial income | 75/76B | €1,810 | €1,934 | +€124 | +6.8% |
| Recurring financial income | 75 | €1,810 | €1,934 | +€124 | +6.8% |
| Financial charges | 65/66B | €5,519 | €44,499 | +€38,980 | +706% |
| Recurring financial charges | 65 | €5,519 | €44,499 | +€38,980 | +706% |
| Profit (loss) for the period before taxes | 9903 | €138,131 | €130,127 | -€8,004 | -5.8% |
| Income taxes | 67/77 | €36,465 | €31,899 | -€4,566 | -12.5% |
| Profit (loss) for the period | 9904 | €101,666 | €98,229 | -€3,438 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,666 | €98,229 | -€3,438 | -3.4% |
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 26 October 2026 via checked.be.