FAGNES 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 SAVEURS
Largest movements
- Receivables within one year -€43,498
down €43,498 (-28.8%), from €150,959 to €107,461
of which Trade receivables: -€48,077
- Stocks and contracts +€21,263
up €21,263 (+109%), from €19,583 to €40,846
- Cash +€17,907
up €17,907 (+10.4%), from €172,231 to €190,139
mainly Receivables within one year (+€43,498) and Depreciation (+€29,964)
- Reserves +€18,621
up €18,621 (+9.6%), from €194,330 to €212,951
of which Distributable reserves: +€18,621
- Tax, wage and social debts -€14,460
down €14,460 (-52.8%), from €27,386 to €12,926
of which Taxes: -€10,255
- Trade debts -€14,109
down €14,109 (-31.2%), from €45,266 to €31,157
- Gross operating margin -€75,500
down €75,500 (-44.1%), from €171,346 to €95,846
- Taxes -€18,263
down €18,263 (-71.2%), from €25,659 to €7,396
- Financial income -€9,514
down €9,514 (-91.6%), from €10,391 to €877
of which Non-recurring financial income: -€8,500
- Other operating charges -€3,092
down €3,092 (-46.7%), from €6,620 to €3,528
- Depreciation -€2,842
down €2,842 (-8.7%), from €32,806 to €29,964
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,740 | €431,042 | -€8,698 | -2.0% |
| Fixed assets | 21/28 | €96,967 | €92,597 | -€4,371 | -4.5% |
| Tangible fixed assets | 22/27 | €96,967 | €92,597 | -€4,371 | -4.5% |
| Land and buildings | 22 | €1,627 | €5,017 | +€3,389 | +208% |
| Plant, machinery and equipment | 23 | €19,291 | €13,801 | -€5,490 | -28.5% |
| Furniture and vehicles | 24 | €76,049 | €73,779 | -€2,270 | -3.0% |
| Current assets | 29/58 | €342,773 | €338,446 | -€4,327 | -1.3% |
| Stocks and contracts in progress | 3 | €19,583 | €40,846 | +€21,263 | +109% |
| Stocks | 30/36 | €19,583 | €40,846 | +€21,263 | +109% |
| Amounts receivable within one year | 40/41 | €150,959 | €107,461 | -€43,498 | -28.8% |
| Trade receivables | 40 | €144,659 | €96,582 | -€48,077 | -33.2% |
| Other amounts receivable | 41 | €6,300 | €10,880 | +€4,579 | +72.7% |
| Cash at bank and in hand | 54/58 | €172,231 | €190,139 | +€17,907 | +10.4% |
| Total equity and liabilities | 10/49 | €439,740 | €431,042 | -€8,698 | -2.0% |
| Equity | 10/15 | €259,330 | €277,951 | +€18,621 | +7.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €194,330 | €212,951 | +€18,621 | +9.6% |
| Tax-exempt reserves | 132 | €71 | €71 | = | 0.0% |
| Distributable reserves | 133 | €194,259 | €212,880 | +€18,621 | +9.6% |
| Provisions and deferred taxes | 16 | €1,800 | €1,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,800 | €1,800 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable | 17/49 | €178,610 | €151,291 | -€27,319 | -15.3% |
| Amounts payable after more than one year | 17 | €42,715 | €42,930 | +€215 | +0.5% |
| Financial debts | 170/4 | €42,715 | €42,930 | +€215 | +0.5% |
| Amounts payable within one year | 42/48 | €135,896 | €108,362 | -€27,534 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €19,327 | €23,569 | +€4,242 | +21.9% |
| Trade debts | 44 | €45,266 | €31,157 | -€14,109 | -31.2% |
| Suppliers | 440/4 | €45,266 | €31,157 | -€14,109 | -31.2% |
| Taxes, remuneration and social security | 45 | €27,386 | €12,926 | -€14,460 | -52.8% |
| Taxes | 450/3 | €16,821 | €6,566 | -€10,255 | -61.0% |
| Remuneration and social security | 454/9 | €10,565 | €6,360 | -€4,205 | -39.8% |
| Other amounts payable | 47/48 | €43,916 | €40,710 | -€3,206 | -7.3% |
| Remuneration, social security and pensions | 62 | €30,701 | €32,565 | +€1,865 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,806 | €29,964 | -€2,842 | -8.7% |
| Other operating charges | 640/8 | €6,620 | €3,528 | -€3,092 | -46.7% |
| Gross operating margin | 9900 | €171,346 | €95,846 | -€75,500 | -44.1% |
| Operating profit (loss) | 9901 | €101,219 | €29,789 | -€71,430 | -70.6% |
| Financial income | 75/76B | €10,391 | €877 | -€9,514 | -91.6% |
| Recurring financial income | 75 | €1,891 | €877 | -€1,014 | -53.6% |
| Non-recurring financial income | 76B | €8,500 | - | -€8,500 | |
| Financial charges | 65/66B | €6,359 | €4,649 | -€1,710 | -26.9% |
| Recurring financial charges | 65 | €6,359 | €4,649 | -€1,710 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €105,252 | €26,017 | -€79,235 | -75.3% |
| Income taxes | 67/77 | €25,659 | €7,396 | -€18,263 | -71.2% |
| Profit (loss) for the period | 9904 | €79,593 | €18,621 | -€60,972 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,593 | €18,621 | -€60,972 | -76.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.