Fagnoul.be: 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.
Fagnoul.be
Largest movements
- Cash +€131,479
up €131,479 (+144%), from €91,052 to €222,530
mainly Net result for the year (+€141,861) and Other debts (+€108,008)
- Tangible fixed assets -€32,246
down €32,246 (-11.3%), from €286,507 to €254,261
of which Land and buildings: -€24,263
- Stocks and contracts -€13,218
down €13,218 (-8.0%), from €166,115 to €152,896
- Other debts +€108,008
up €108,008 (+294%), from €36,781 to €144,789
- Profit (loss) carried forward +€32,861
up €32,861, from -€32,096 to €765
- Reserves -€31,000
down €31,000 (-7.4%), from €420,000 to €389,000
- Current portion of long-term debt -€28,892
down €28,892 (-59.6%), from €48,441 to €19,549
- Debts after one year -€9,464
down €9,464 (-85.4%), from €11,077 to €1,613
- Gross operating margin +€76,433
up €76,433 (+26.2%), from €291,657 to €368,090
- Taxes +€24,464
up €24,464 (+70.0%), from €34,929 to €59,392
- Depreciation -€12,447
down €12,447 (-27.8%), from €44,693 to €32,246
- Write-downs +€11,040
new in 2025: €11,040
- Staff costs -€4,418
down €4,418 (-3.6%), from €121,766 to €117,348
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 | €589,621 | €676,024 | +€86,403 | +14.7% |
| Fixed assets | 21/28 | €289,008 | €256,775 | -€32,233 | -11.2% |
| Tangible fixed assets | 22/27 | €286,507 | €254,261 | -€32,246 | -11.3% |
| Land and buildings | 22 | €258,735 | €234,472 | -€24,263 | -9.4% |
| Plant, machinery and equipment | 23 | €12,136 | €9,755 | -€2,381 | -19.6% |
| Furniture and vehicles | 24 | €15,637 | €10,034 | -€5,603 | -35.8% |
| Financial fixed assets | 28 | €2,500 | €2,513 | +€13 | +0.5% |
| Current assets | 29/58 | €300,613 | €419,250 | +€118,637 | +39.5% |
| Stocks and contracts in progress | 3 | €166,115 | €152,896 | -€13,218 | -8.0% |
| Stocks | 30/36 | €166,115 | €152,896 | -€13,218 | -8.0% |
| Amounts receivable within one year | 40/41 | €43,024 | €37,132 | -€5,892 | -13.7% |
| Trade receivables | 40 | €40,699 | €35,619 | -€5,080 | -12.5% |
| Other amounts receivable | 41 | €2,325 | €1,513 | -€812 | -34.9% |
| Current investments | 50/53 | €125 | €125 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €91,052 | €222,530 | +€131,479 | +144% |
| Deferred charges and accrued income | 490/1 | €298 | €6,565 | +€6,268 | +2,106% |
| Total equity and liabilities | 10/49 | €589,621 | €676,024 | +€86,403 | +14.7% |
| Equity | 10/15 | €394,904 | €396,765 | +€1,861 | +0.5% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €420,000 | €389,000 | -€31,000 | -7.4% |
| Distributable reserves | 133 | €420,000 | €389,000 | -€31,000 | -7.4% |
| Profit (loss) carried forward | 14 | -€32,096 | €765 | +€32,861 | |
| Amounts payable | 17/49 | €194,717 | €279,259 | +€84,543 | +43.4% |
| Amounts payable after more than one year | 17 | €11,077 | €1,613 | -€9,464 | -85.4% |
| Financial debts | 170/4 | €11,077 | €1,613 | -€9,464 | -85.4% |
| Amounts payable within one year | 42/48 | €179,215 | €273,039 | +€93,824 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €48,441 | €19,549 | -€28,892 | -59.6% |
| Trade debts | 44 | €53,758 | €59,290 | +€5,532 | +10.3% |
| Suppliers | 440/4 | €53,758 | €59,290 | +€5,532 | +10.3% |
| Advances received on contracts in progress | 46 | - | €111 | +€111 | |
| Taxes, remuneration and social security | 45 | €40,234 | €49,300 | +€9,065 | +22.5% |
| Taxes | 450/3 | €22,203 | €31,541 | +€9,338 | +42.1% |
| Remuneration and social security | 454/9 | €18,031 | €17,758 | -€273 | -1.5% |
| Other amounts payable | 47/48 | €36,781 | €144,789 | +€108,008 | +294% |
| Accrued charges and deferred income | 492/3 | €4,425 | €4,607 | +€182 | +4.1% |
| Non-recurring operating income | 76A | €292 | - | -€292 | |
| Remuneration, social security and pensions | 62 | €121,766 | €117,348 | -€4,418 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,693 | €32,246 | -€12,447 | -27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,040 | +€11,040 | |
| Other operating charges | 640/8 | €5,530 | €5,785 | +€255 | +4.6% |
| Gross operating margin | 9900 | €291,657 | €368,090 | +€76,433 | +26.2% |
| Operating profit (loss) | 9901 | €119,668 | €201,671 | +€82,003 | +68.5% |
| Financial income | 75/76B | €1,704 | €3,277 | +€1,573 | +92.3% |
| Recurring financial income | 75 | €1,704 | €3,277 | +€1,573 | +92.3% |
| Financial charges | 65/66B | €4,769 | €3,694 | -€1,075 | -22.5% |
| Recurring financial charges | 65 | €4,769 | €3,694 | -€1,075 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €116,603 | €201,253 | +€84,651 | +72.6% |
| Income taxes | 67/77 | €34,929 | €59,392 | +€24,464 | +70.0% |
| Profit (loss) for the period | 9904 | €81,674 | €141,861 | +€60,187 | +73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,674 | €141,861 | +€60,187 | +73.7% |
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 30 October 2026 via checked.be.