FAGNES ETAPE: 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 ETAPE
Largest movements
- Tangible fixed assets -€17,286
down €17,286 (-11.2%), from €154,764 to €137,478
of which Land and buildings: -€10,760
- Debts after one year -€31,905
down €31,905 (-58.4%), from €54,642 to €22,737
- Profit (loss) carried forward +€25,706
up €25,706 (+49.5%), from €51,898 to €77,604
- Tax, wage and social debts +€9,902
up €9,902 (+125%), from €7,893 to €17,795
- Other debts -€8,942
down €8,942 (-25.7%), from €34,843 to €25,901
- Current portion of long-term debt -€3,677
down €3,677 (-10.3%), from €35,582 to €31,905
- Gross operating margin +€9,754
up €9,754 (+19.1%), from €51,104 to €60,858
- Taxes +€6,565
up €6,565 (+211%), from €3,104 to €9,669
- Financial charges -€4,147
down €4,147 (-45.2%), from €9,174 to €5,028
- Depreciation -€861
down €861 (-4.1%), from €21,125 to €20,264
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,745 | €221,633 | -€15,111 | -6.4% |
| Fixed assets | 21/28 | €154,764 | €137,478 | -€17,286 | -11.2% |
| Tangible fixed assets | 22/27 | €154,764 | €137,478 | -€17,286 | -11.2% |
| Land and buildings | 22 | €134,148 | €123,388 | -€10,760 | -8.0% |
| Plant, machinery and equipment | 23 | €10,125 | €9,545 | -€579 | -5.7% |
| Furniture and vehicles | 24 | €10,491 | €4,544 | -€5,947 | -56.7% |
| Current assets | 29/58 | €81,981 | €84,156 | +€2,175 | +2.7% |
| Amounts receivable within one year | 40/41 | €81,295 | €83,601 | +€2,306 | +2.8% |
| Trade receivables | 40 | €12,479 | €8,373 | -€4,106 | -32.9% |
| Other amounts receivable | 41 | €68,815 | €75,228 | +€6,412 | +9.3% |
| Deferred charges and accrued income | 490/1 | €686 | €555 | -€131 | -19.1% |
| Total equity and liabilities | 10/49 | €236,745 | €221,633 | -€15,111 | -6.4% |
| Equity | 10/15 | €90,398 | €116,104 | +€25,706 | +28.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,898 | €77,604 | +€25,706 | +49.5% |
| Amounts payable | 17/49 | €146,347 | €105,530 | -€40,817 | -27.9% |
| Amounts payable after more than one year | 17 | €54,642 | €22,737 | -€31,905 | -58.4% |
| Financial debts | 170/4 | €54,642 | €22,737 | -€31,905 | -58.4% |
| Amounts payable within one year | 42/48 | €91,491 | €82,614 | -€8,878 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €35,582 | €31,905 | -€3,677 | -10.3% |
| Financial debts | 43 | €7,453 | €4,923 | -€2,530 | -33.9% |
| Credit institutions | 430/8 | €7,453 | €4,923 | -€2,530 | -33.9% |
| Trade debts | 44 | €5,720 | €2,090 | -€3,631 | -63.5% |
| Suppliers | 440/4 | €5,720 | €2,090 | -€3,631 | -63.5% |
| Taxes, remuneration and social security | 45 | €7,893 | €17,795 | +€9,902 | +125% |
| Taxes | 450/3 | €7,893 | €17,795 | +€9,902 | +125% |
| Other amounts payable | 47/48 | €34,843 | €25,901 | -€8,942 | -25.7% |
| Accrued charges and deferred income | 492/3 | €214 | €180 | -€34 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,125 | €20,264 | -€861 | -4.1% |
| Other operating charges | 640/8 | €1,653 | €1,173 | -€481 | -29.1% |
| Gross operating margin | 9900 | €51,104 | €60,858 | +€9,754 | +19.1% |
| Operating profit (loss) | 9901 | €28,326 | €39,422 | +€11,095 | +39.2% |
| Financial income | 75/76B | €691 | €981 | +€289 | +41.9% |
| Recurring financial income | 75 | €691 | €981 | +€289 | +41.9% |
| Financial charges | 65/66B | €9,174 | €5,028 | -€4,147 | -45.2% |
| Recurring financial charges | 65 | €9,174 | €5,028 | -€4,147 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €19,843 | €35,375 | +€15,531 | +78.3% |
| Income taxes | 67/77 | €3,104 | €9,669 | +€6,565 | +211% |
| Profit (loss) for the period | 9904 | €16,739 | €25,706 | +€8,967 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,739 | €25,706 | +€8,967 | +53.6% |
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 23 October 2026 via checked.be.