FAGNES PELLETS: what changed
Two fiscal 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 PELLETS
Largest movements
- Current investments +€2.2m
up €2.2m (+275.0%), from €800,000 to €3.0m
- Cash -€2.0m
down €2.0m (-93.9%), from €2.1m to €131,126
mainly Current investments (-€2.2m) and Contributions, distributions and other (-€1.0m)
- Stocks and contracts +€756,399
up €756,399 (+148.9%), from €507,924 to €1.3m
- Tangible fixed assets -€150,457
down €150,457 (-12.7%), from €1.2m to €1.0m
of which Plant, machinery and equipment: -€86,265
- Receivables within one year -€103,168
down €103,168 (-12.8%), from €809,132 to €705,964
of which Trade receivables: -€249,753
- Other debts +€1.1m
up €1.1m (+15967.8%), from €7,019 to €1.1m
- Profit (loss) carried forward -€701,622
down €701,622 (-34.6%), from €2.0m to €1.3m
- Short-term financial debts +€500,000
new in 2025: €500,000
- Debts after one year -€70,105
down €70,105 (-58.7%), from €119,373 to €49,267
- Gross operating margin -€1.3m
down €1.3m (-51.7%), from €2.6m to €1.2m
- Taxes -€402,292
down €402,292 (-79.7%), from €505,072 to €102,781
- Depreciation -€69,625
down €69,625 (-27.5%), from €253,188 to €183,563
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.
Cash bridge derived
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 | €5,577,152 | €6,385,529 | +€808,377 | +14.5% |
| Fixed assets | 21/28 | €1,301,298 | €1,165,841 | -€135,457 | -10.4% |
| Tangible fixed assets | 22/27 | €1,183,513 | €1,033,056 | -€150,457 | -12.7% |
| Land and buildings | 22 | €491,490 | €459,045 | -€32,445 | -6.6% |
| Plant, machinery and equipment | 23 | €559,364 | €473,098 | -€86,265 | -15.4% |
| Furniture and vehicles | 24 | €132,659 | €100,912 | -€31,747 | -23.9% |
| Financial fixed assets | 28 | €117,785 | €132,785 | +€15,000 | +12.7% |
| Current assets | 29/58 | €4,275,854 | €5,219,688 | +€943,834 | +22.1% |
| Stocks and contracts in progress | 3 | €507,924 | €1,264,323 | +€756,399 | +148.9% |
| Stocks | 30/36 | €507,924 | €1,264,323 | +€756,399 | +148.9% |
| Amounts receivable within one year | 40/41 | €809,132 | €705,964 | -€103,168 | -12.8% |
| Trade receivables | 40 | €690,384 | €440,631 | -€249,753 | -36.2% |
| Other amounts receivable | 41 | €118,748 | €265,333 | +€146,585 | +123.4% |
| Current investments | 50/53 | €800,000 | €3,000,000 | +€2.2m | +275.0% |
| Cash at bank and in hand | 54/58 | €2,140,239 | €131,126 | -€2.0m | -93.9% |
| Deferred charges and accrued income | 490/1 | €18,559 | €118,274 | +€99,715 | +537.3% |
| Total equity and liabilities | 10/49 | €5,577,152 | €6,385,529 | +€808,377 | +14.5% |
| Equity | 10/15 | €4,688,143 | €3,986,522 | -€701,622 | -15.0% |
| Contributions | 10/11 | €1,471,250 | €1,471,250 | = | 0.0% |
| Reserves | 13 | €1,189,729 | €1,189,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,606 | €1,606 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,606 | €1,606 | = | 0.0% |
| Tax-exempt reserves | 132 | €298,910 | €298,910 | = | 0.0% |
| Distributable reserves | 133 | €889,213 | €889,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,027,165 | €1,325,543 | -€701,622 | -34.6% |
| Amounts payable | 17/49 | €889,009 | €2,399,007 | +€1.5m | +169.9% |
| Amounts payable after more than one year | 17 | €119,373 | €49,267 | -€70,105 | -58.7% |
| Financial debts | 170/4 | €119,373 | €49,267 | -€70,105 | -58.7% |
| Amounts payable within one year | 42/48 | €769,636 | €2,347,436 | +€1.6m | +205.0% |
| Current portion of amounts payable after more than one year | 42 | €77,952 | €76,799 | -€1,153 | -1.5% |
| Financial debts | 43 | - | €500,000 | +€500,000 | |
| Credit institutions | 430/8 | - | €500,000 | +€500,000 | |
| Trade debts | 44 | €551,116 | €518,997 | -€32,119 | -5.8% |
| Suppliers | 440/4 | €551,116 | €518,997 | -€32,119 | -5.8% |
| Taxes, remuneration and social security | 45 | €133,548 | €123,811 | -€9,738 | -7.3% |
| Taxes | 450/3 | €100,254 | €96,668 | -€3,586 | -3.6% |
| Remuneration and social security | 454/9 | €33,294 | €27,143 | -€6,151 | -18.5% |
| Other amounts payable | 47/48 | €7,019 | €1,127,829 | +€1.1m | +15967.8% |
| Accrued charges and deferred income | 492/3 | - | €2,304 | +€2,304 | |
| Non-recurring operating income | 76A | - | €130,717 | +€130,717 | |
| Remuneration, social security and pensions | 62 | €679,654 | €661,044 | -€18,610 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,188 | €183,563 | -€69,625 | -27.5% |
| Other operating charges | 640/8 | €19,451 | €19,339 | -€112 | -0.6% |
| Non-recurring operating charges | 66A | - | €62,000 | +€62,000 | |
| Gross operating margin | 9900 | €2,554,026 | €1,232,525 | -€1.3m | -51.7% |
| Operating profit (loss) | 9901 | €1,601,732 | €306,579 | -€1.3m | -80.9% |
| Financial income | 75/76B | €160,504 | €155,436 | -€5,068 | -3.2% |
| Recurring financial income | 75 | €160,504 | €155,436 | -€5,068 | -3.2% |
| Financial charges | 65/66B | €69,041 | €60,855 | -€8,185 | -11.9% |
| Recurring financial charges | 65 | €69,041 | €60,855 | -€8,185 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €1,693,196 | €401,159 | -€1.3m | -76.3% |
| Income taxes | 67/77 | €505,072 | €102,781 | -€402,292 | -79.7% |
| Profit (loss) for the period | 9904 | €1,188,123 | €298,378 | -€889,745 | -74.9% |
| Transfer to tax-exempt reserves | 689 | €298,910 | - | -€298,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €889,213 | €298,378 | -€590,835 | -66.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.