FANADIX: 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.
FANADIX
Largest movements
- Cash -€242,659
down €242,659 (-69.8%), from €347,734 to €105,075
mainly Other debts (-€280,522) and Receivables within one year (-€157,406)
- Receivables within one year +€157,406
up €157,406 (+41.5%), from €379,430 to €536,836
of which Trade receivables: +€147,305
- Tangible fixed assets -€38,455
down €38,455 (-3.3%), from €1.2m to €1.1m
of which Land and buildings: -€35,808
- Other debts -€280,522
no longer reported in 2025 (was €280,522)
- Reserves +€226,373
up €226,373 (+17.0%), from €1.3m to €1.6m
- Debts after one year -€50,143
no longer reported in 2025 (was €50,143)
- Current portion of long-term debt -€34,670
down €34,670 (-41.0%), from €84,613 to €49,942
- Tax, wage and social debts +€20,683
up €20,683 (+26.6%), from €77,675 to €98,358
- Gross operating margin +€4,614
up €4,614 (+1.2%), from €391,497 to €396,111
- Taxes +€4,080
up €4,080 (+3.9%), from €103,559 to €107,639
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 | €1,886,734 | €1,758,118 | -€128,616 | -6.8% |
| Fixed assets | 21/28 | €1,153,439 | €1,114,983 | -€38,455 | -3.3% |
| Tangible fixed assets | 22/27 | €1,153,439 | €1,114,983 | -€38,455 | -3.3% |
| Land and buildings | 22 | €1,149,962 | €1,114,154 | -€35,808 | -3.1% |
| Furniture and vehicles | 24 | €3,476 | €829 | -€2,647 | -76.2% |
| Current assets | 29/58 | €733,295 | €643,135 | -€90,160 | -12.3% |
| Amounts receivable within one year | 40/41 | €379,430 | €536,836 | +€157,406 | +41.5% |
| Trade receivables | 40 | €112,314 | €259,619 | +€147,305 | +131% |
| Other amounts receivable | 41 | €267,116 | €277,217 | +€10,102 | +3.8% |
| Cash at bank and in hand | 54/58 | €347,734 | €105,075 | -€242,659 | -69.8% |
| Deferred charges and accrued income | 490/1 | €6,131 | €1,224 | -€4,907 | -80.0% |
| Total equity and liabilities | 10/49 | €1,886,734 | €1,758,118 | -€128,616 | -6.8% |
| Equity | 10/15 | €1,346,697 | €1,573,070 | +€226,373 | +16.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,334,297 | €1,560,670 | +€226,373 | +17.0% |
| Distributable reserves | 133 | €1,334,297 | €1,560,670 | +€226,373 | +17.0% |
| Amounts payable | 17/49 | €540,037 | €185,048 | -€354,989 | -65.7% |
| Amounts payable after more than one year | 17 | €50,143 | - | -€50,143 | |
| Financial debts | 170/4 | €50,143 | - | -€50,143 | |
| Amounts payable within one year | 42/48 | €489,756 | €185,048 | -€304,708 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €84,613 | €49,942 | -€34,670 | -41.0% |
| Financial debts | 43 | €27,062 | €26,949 | -€114 | -0.4% |
| Credit institutions | 430/8 | €27,062 | €26,949 | -€114 | -0.4% |
| Trade debts | 44 | €19,884 | €9,800 | -€10,085 | -50.7% |
| Suppliers | 440/4 | €19,884 | €9,800 | -€10,085 | -50.7% |
| Taxes, remuneration and social security | 45 | €77,675 | €98,358 | +€20,683 | +26.6% |
| Taxes | 450/3 | €77,675 | €98,358 | +€20,683 | +26.6% |
| Other amounts payable | 47/48 | €280,522 | - | -€280,522 | |
| Accrued charges and deferred income | 492/3 | €138 | - | -€138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,647 | €56,649 | +€1,002 | +1.8% |
| Other operating charges | 640/8 | €1,958 | €1,989 | +€31 | +1.6% |
| Gross operating margin | 9900 | €391,497 | €396,111 | +€4,614 | +1.2% |
| Operating profit (loss) | 9901 | €333,892 | €337,473 | +€3,581 | +1.1% |
| Financial income | 75/76B | €2,219 | €1,293 | -€926 | -41.7% |
| Recurring financial income | 75 | €2,219 | €1,293 | -€926 | -41.7% |
| Financial charges | 65/66B | €4,291 | €4,754 | +€462 | +10.8% |
| Recurring financial charges | 65 | €4,291 | €4,754 | +€462 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €331,820 | €334,012 | +€2,192 | +0.7% |
| Income taxes | 67/77 | €103,559 | €107,639 | +€4,080 | +3.9% |
| Profit (loss) for the period | 9904 | €228,261 | €226,373 | -€1,888 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €228,261 | €226,373 | -€1,888 | -0.8% |
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 27 October 2026 via checked.be.