Fagnoulle: 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.
Fagnoulle
Largest movements
- Cash +€174,415
up €174,415 (+41.8%), from €416,786 to €591,201
mainly Other debts (+€348,936) and Net result for the year (+€132,397)
- Tangible fixed assets -€108,571
down €108,571 (-38.9%), from €279,009 to €170,438
of which Furniture and vehicles: -€102,294
- Receivables within one year +€21,254
up €21,254 (+72.2%), from €29,432 to €50,686
of which Other amounts receivable: +€11,258
- Other debts +€348,936
up €348,936 (+302%), from €115,591 to €464,527
- Profit (loss) carried forward -€220,603
down €220,603 (-48.3%), from €456,772 to €236,169
- Trade debts -€38,625
down €38,625 (-60.8%), from €63,482 to €24,858
- Short-term financial debts -€19,282
no longer reported in 2025 (was €19,282)
- Advances received +€17,155
up €17,155 (+436%), from €3,933 to €21,088
- Gross operating margin -€24,858
down €24,858 (-7.7%), from €322,184 to €297,327
- Taxes -€4,974
down €4,974 (-10.1%), from €49,198 to €44,223
- Depreciation +€4,648
up €4,648 (+4.1%), from €114,616 to €119,264
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
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 | €733,537 | €821,119 | +€87,582 | +11.9% |
| Fixed assets | 21/28 | €279,009 | €170,438 | -€108,571 | -38.9% |
| Tangible fixed assets | 22/27 | €279,009 | €170,438 | -€108,571 | -38.9% |
| Plant, machinery and equipment | 23 | €47,293 | €35,221 | -€12,073 | -25.5% |
| Furniture and vehicles | 24 | €228,608 | €126,314 | -€102,294 | -44.7% |
| Other tangible fixed assets | 26 | €3,108 | €8,904 | +€5,795 | +186% |
| Current assets | 29/58 | €454,528 | €650,681 | +€196,153 | +43.2% |
| Amounts receivable within one year | 40/41 | €29,432 | €50,686 | +€21,254 | +72.2% |
| Trade receivables | 40 | €13,168 | €23,164 | +€9,996 | +75.9% |
| Other amounts receivable | 41 | €16,264 | €27,522 | +€11,258 | +69.2% |
| Cash at bank and in hand | 54/58 | €416,786 | €591,201 | +€174,415 | +41.8% |
| Deferred charges and accrued income | 490/1 | €8,310 | €8,795 | +€485 | +5.8% |
| Total equity and liabilities | 10/49 | €733,537 | €821,119 | +€87,582 | +11.9% |
| Equity | 10/15 | €506,772 | €286,169 | -€220,603 | -43.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €456,772 | €236,169 | -€220,603 | -48.3% |
| Amounts payable | 17/49 | €226,765 | €534,950 | +€308,185 | +136% |
| Amounts payable after more than one year | 17 | €24,477 | €9,849 | -€14,628 | -59.8% |
| Financial debts | 170/4 | €24,477 | €9,849 | -€14,628 | -59.8% |
| Amounts payable within one year | 42/48 | €202,288 | €525,101 | +€322,813 | +160% |
| Current portion of amounts payable after more than one year | 42 | - | €14,628 | +€14,628 | |
| Financial debts | 43 | €19,282 | - | -€19,282 | |
| Credit institutions | 430/8 | €19,282 | - | -€19,282 | |
| Trade debts | 44 | €63,482 | €24,858 | -€38,625 | -60.8% |
| Suppliers | 440/4 | €63,482 | €24,858 | -€38,625 | -60.8% |
| Advances received on contracts in progress | 46 | €3,933 | €21,088 | +€17,155 | +436% |
| Other amounts payable | 47/48 | €115,591 | €464,527 | +€348,936 | +302% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,616 | €119,264 | +€4,648 | +4.1% |
| Other operating charges | 640/8 | €2,254 | €1,365 | -€889 | -39.5% |
| Gross operating margin | 9900 | €322,184 | €297,327 | -€24,858 | -7.7% |
| Operating profit (loss) | 9901 | €205,314 | €176,698 | -€28,616 | -13.9% |
| Financial income | 75/76B | €566 | €364 | -€202 | -35.7% |
| Recurring financial income | 75 | €566 | €364 | -€202 | -35.7% |
| Financial charges | 65/66B | €757 | €441 | -€316 | -41.8% |
| Recurring financial charges | 65 | €757 | €441 | -€316 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €205,123 | €176,620 | -€28,502 | -13.9% |
| Income taxes | 67/77 | €49,198 | €44,223 | -€4,974 | -10.1% |
| Profit (loss) for the period | 9904 | €155,925 | €132,397 | -€23,528 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €155,925 | €132,397 | -€23,528 | -15.1% |
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 29 October 2026 via checked.be.