FAGNES 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.
What changed
FAGNES FINANCES
NACE 66.220, Insurance agents and brokers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€93,196
2024 · €87,682+€5,513
Equity
€317,900
2024 · €224,704+€93,196
Cash
€139,524
2024 · €115,870+€23,654
Balance sheet total
€627,172
2024 · €543,257+€83,915
Largest movements
Assets
- Current investments +€62,500
up €62,500 (+125%), from €50,000 to €112,500
- Cash +€23,654
up €23,654 (+20.4%), from €115,870 to €139,524
mainly Net result for the year (+€93,196) and Depreciation (+€18,355)
Equity and liabilities
- Reserves +€93,196
up €93,196 (+63.5%), from €146,704 to €239,900
of which Distributable reserves: +€100,996
- Debts after one year -€13,333
down €13,333 (-11.4%), from €116,667 to €103,333
Income statement
- Gross operating margin +€47,983
up €47,983 (+22.0%), from €217,646 to €265,629
- Staff costs +€46,357
up €46,357 (+71.3%), from €65,000 to €111,357
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.
Result 2024
€87,682
Gross operating margin
+€47,983
Staff costs
-€46,357
Depreciation
+€2,499
Other operating charges
-€224
Other operating items
+€2,760
Financial income
+€812
Financial charges
-€508
Taxes
-€1,452
Result 2025
€93,196
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€113,060
Investment
-€76,073
Financing
-€13,333
Cash 2024
€115,870
From operations (derived)
+€113,060
Net result for the year
+€93,196
Depreciation
+€18,355
Receivables within one year
-€2,261
Deferred charges and accrued income
-€282
Trade debts
+€3,369
Tax, wage and social debts
+€4,772
Other debts
-€3,616
Accrued charges and deferred income
-€473
Investment (derived)
-€76,073
Investment in fixed assets (net)
-€13,573
Current investments
-€62,500
Financing
-€13,333
Debts after one year
-€13,333
Cash 2025
€139,524
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,257 | €627,172 | +€83,915 | +15.4% |
| Fixed assets | 21/28 | €348,466 | €343,684 | -€4,782 | -1.4% |
| Tangible fixed assets | 22/27 | €153,655 | €148,873 | -€4,782 | -3.1% |
| Land and buildings | 22 | €130,231 | €116,767 | -€13,464 | -10.3% |
| Plant, machinery and equipment | 23 | €199 | €4,981 | +€4,781 | +2,397% |
| Furniture and vehicles | 24 | €927 | €3,535 | +€2,608 | +281% |
| Other tangible fixed assets | 26 | €22,298 | €23,591 | +€1,293 | +5.8% |
| Financial fixed assets | 28 | €194,811 | €194,811 | = | 0.0% |
| Current assets | 29/58 | €194,791 | €283,488 | +€88,697 | +45.5% |
| Amounts receivable within one year | 40/41 | - | €2,261 | +€2,261 | |
| Trade receivables | 40 | - | €700 | +€700 | |
| Other amounts receivable | 41 | - | €1,561 | +€1,561 | |
| Current investments | 50/53 | €50,000 | €112,500 | +€62,500 | +125% |
| Cash at bank and in hand | 54/58 | €115,870 | €139,524 | +€23,654 | +20.4% |
| Deferred charges and accrued income | 490/1 | €28,921 | €29,203 | +€282 | +1.0% |
| Total equity and liabilities | 10/49 | €543,257 | €627,172 | +€83,915 | +15.4% |
| Equity | 10/15 | €224,704 | €317,900 | +€93,196 | +41.5% |
| Contributions | 10/11 | €78,000 | €78,000 | = | 0.0% |
| Reserves | 13 | €146,704 | €239,900 | +€93,196 | +63.5% |
| Non-distributable reserves | 130/1 | €7,800 | - | -€7,800 | |
| Reserves not available under the articles | 1311 | €7,800 | - | -€7,800 | |
| Distributable reserves | 133 | €138,904 | €239,900 | +€100,996 | +72.7% |
| Amounts payable | 17/49 | €318,554 | €309,272 | -€9,281 | -2.9% |
| Amounts payable after more than one year | 17 | €116,667 | €103,333 | -€13,333 | -11.4% |
| Financial debts | 170/4 | €116,667 | €103,333 | -€13,333 | -11.4% |
| Amounts payable within one year | 42/48 | €200,503 | €205,029 | +€4,525 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | €7,129 | €10,498 | +€3,369 | +47.3% |
| Suppliers | 440/4 | €7,129 | €10,498 | +€3,369 | +47.3% |
| Taxes, remuneration and social security | 45 | €27,608 | €32,381 | +€4,772 | +17.3% |
| Taxes | 450/3 | €18,708 | €22,249 | +€3,541 | +18.9% |
| Remuneration and social security | 454/9 | €8,901 | €10,131 | +€1,231 | +13.8% |
| Other amounts payable | 47/48 | €152,433 | €148,817 | -€3,616 | -2.4% |
| Accrued charges and deferred income | 492/3 | €1,383 | €910 | -€473 | -34.2% |
| Remuneration, social security and pensions | 62 | €65,000 | €111,357 | +€46,357 | +71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,854 | €18,355 | -€2,499 | -12.0% |
| Other operating charges | 640/8 | €1,421 | €1,645 | +€224 | +15.8% |
| Non-recurring operating charges | 66A | €2,760 | - | -€2,760 | |
| Gross operating margin | 9900 | €217,646 | €265,629 | +€47,983 | +22.0% |
| Operating profit (loss) | 9901 | €127,611 | €134,272 | +€6,661 | +5.2% |
| Financial income | 75/76B | €133 | €945 | +€812 | +609% |
| Recurring financial income | 75 | €133 | €945 | +€812 | +609% |
| Financial charges | 65/66B | €3,756 | €4,263 | +€508 | +13.5% |
| Recurring financial charges | 65 | €3,756 | €4,263 | +€508 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €123,988 | €130,954 | +€6,966 | +5.6% |
| Income taxes | 67/77 | €36,306 | €37,758 | +€1,452 | +4.0% |
| Profit (loss) for the period | 9904 | €87,682 | €93,196 | +€5,513 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,682 | €93,196 | +€5,513 | +6.3% |
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 24 October 2026 via checked.be.