FAINGNAERT MANAGEMENT: 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.
FAINGNAERT MANAGEMENT
Largest movements
- Deferred charges and accrued income -€29,168
down €29,168 (-78.2%), from €37,310 to €8,142
- Receivables within one year +€15,125
up €15,125 (+96.2%), from €15,730 to €30,855
of which Trade receivables: +€15,125
- Cash -€13,416
down €13,416 (-64.2%), from €20,898 to €7,482
mainly Other debts (-€38,268) and Receivables within one year (-€15,125)
- Other debts -€38,268
down €38,268 (-40.7%), from €94,076 to €55,808
- Reserves +€21,514
up €21,514 (+10.9%), from €197,560 to €219,074
- Tax, wage and social debts -€10,115
down €10,115 (-44.7%), from €22,609 to €12,494
of which Taxes: -€5,115
- Financial income -€53,141
down €53,141 (-100%), from €53,141 to €0
- Taxes -€4,783
down €4,783 (-31.8%), from €15,047 to €10,263
- Financial charges +€2,203
up €2,203 (+70.0%), from €3,148 to €5,351
- Gross operating margin -€1,673
down €1,673 (-4.2%), from €40,106 to €38,433
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,739 | €322,085 | -€27,654 | -7.9% |
| Fixed assets | 21/28 | €275,800 | €275,605 | -€195 | -0.1% |
| Tangible fixed assets | 22/27 | €1,481 | €1,286 | -€195 | -13.2% |
| Other tangible fixed assets | 26 | €1,481 | €1,286 | -€195 | -13.2% |
| Financial fixed assets | 28 | €274,319 | €274,319 | = | 0.0% |
| Current assets | 29/58 | €73,938 | €46,480 | -€27,459 | -37.1% |
| Amounts receivable within one year | 40/41 | €15,730 | €30,855 | +€15,125 | +96.2% |
| Trade receivables | 40 | €15,730 | €30,855 | +€15,125 | +96.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €20,898 | €7,482 | -€13,416 | -64.2% |
| Deferred charges and accrued income | 490/1 | €37,310 | €8,142 | -€29,168 | -78.2% |
| Total equity and liabilities | 10/49 | €349,739 | €322,085 | -€27,654 | -7.9% |
| Equity | 10/15 | €204,070 | €225,584 | +€21,514 | +10.5% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €197,560 | €219,074 | +€21,514 | +10.9% |
| Distributable reserves | 133 | €197,560 | €219,074 | +€21,514 | +10.9% |
| Amounts payable | 17/49 | €145,668 | €96,501 | -€49,168 | -33.8% |
| Amounts payable after more than one year | 17 | €24,041 | €24,041 | = | 0.0% |
| Other amounts payable | 178/9 | €24,041 | €24,041 | = | 0.0% |
| Amounts payable within one year | 42/48 | €121,627 | €72,459 | -€49,168 | -40.4% |
| Financial debts | 43 | €1,272 | €1,284 | +€12 | +1.0% |
| Credit institutions | 430/8 | €1,272 | €1,284 | +€12 | +1.0% |
| Trade debts | 44 | €3,671 | €2,873 | -€798 | -21.7% |
| Suppliers | 440/4 | €3,671 | €2,873 | -€798 | -21.7% |
| Taxes, remuneration and social security | 45 | €22,609 | €12,494 | -€10,115 | -44.7% |
| Taxes | 450/3 | €17,609 | €12,494 | -€5,115 | -29.0% |
| Remuneration and social security | 454/9 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts payable | 47/48 | €94,076 | €55,808 | -€38,268 | -40.7% |
| Non-recurring operating income | 76A | €2,706 | €0 | -€2,706 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195 | €195 | = | 0.0% |
| Other operating charges | 640/8 | €1,259 | €1,110 | -€149 | -11.8% |
| Gross operating margin | 9900 | €40,106 | €38,433 | -€1,673 | -4.2% |
| Operating profit (loss) | 9901 | €38,652 | €37,128 | -€1,524 | -3.9% |
| Financial income | 75/76B | €53,141 | €0 | -€53,141 | -100% |
| Recurring financial income | 75 | €53,141 | €0 | -€53,141 | -100% |
| Financial charges | 65/66B | €3,148 | €5,351 | +€2,203 | +70.0% |
| Recurring financial charges | 65 | €3,148 | €5,351 | +€2,203 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €88,645 | €31,777 | -€56,868 | -64.2% |
| Income taxes | 67/77 | €15,047 | €10,263 | -€4,783 | -31.8% |
| Profit (loss) for the period | 9904 | €73,598 | €21,514 | -€52,085 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,598 | €21,514 | -€52,085 | -70.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.