FANAGORIA: 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.
FANAGORIA
Largest movements
- Tangible fixed assets -€24,925
down €24,925 (-48.8%), from €51,043 to €26,118
of which Furniture and vehicles: -€25,301
- Receivables within one year -€4,682
down €4,682 (-55.7%), from €8,410 to €3,728
of which Trade receivables: -€4,514
- Profit (loss) carried forward -€26,591
down €26,591, from €6,807 to -€19,783
- Tax, wage and social debts -€3,344
down €3,344 (-62.5%), from €5,350 to €2,006
- Gross operating margin -€31,297
down €31,297 (-98.6%), from €31,743 to €446
- Taxes -€1,590
down €1,590, from €1,580 to -€10
- Other operating charges +€486
up €486 (+89.6%), from €542 to €1,028
- Depreciation +€382
up €382 (+1.5%), from €25,770 to €26,152
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 | €60,363 | €30,758 | -€29,605 | -49.0% |
| Fixed assets | 21/28 | €51,043 | €26,118 | -€24,925 | -48.8% |
| Tangible fixed assets | 22/27 | €51,043 | €26,118 | -€24,925 | -48.8% |
| Plant, machinery and equipment | 23 | €1,463 | €1,839 | +€376 | +25.7% |
| Furniture and vehicles | 24 | €49,580 | €24,280 | -€25,301 | -51.0% |
| Current assets | 29/58 | €9,320 | €4,640 | -€4,680 | -50.2% |
| Amounts receivable within one year | 40/41 | €8,410 | €3,728 | -€4,682 | -55.7% |
| Trade receivables | 40 | €7,534 | €3,020 | -€4,514 | -59.9% |
| Other amounts receivable | 41 | €875 | €708 | -€167 | -19.1% |
| Cash at bank and in hand | 54/58 | €569 | €738 | +€169 | +29.8% |
| Deferred charges and accrued income | 490/1 | €341 | €174 | -€168 | -49.1% |
| Total equity and liabilities | 10/49 | €60,363 | €30,758 | -€29,605 | -49.0% |
| Equity | 10/15 | €27,407 | €817 | -€26,591 | -97.0% |
| Contributions | 10/11 | €20,600 | €20,600 | = | 0.0% |
| Capital | 10 | €20,600 | €20,600 | = | 0.0% |
| Issued capital | 100 | €20,600 | €20,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,807 | -€19,783 | -€26,591 | |
| Amounts payable | 17/49 | €32,956 | €29,942 | -€3,014 | -9.1% |
| Amounts payable within one year | 42/48 | €32,956 | €29,942 | -€3,014 | -9.1% |
| Trade debts | 44 | €1,023 | €1,485 | +€462 | +45.2% |
| Suppliers | 440/4 | €1,023 | €1,485 | +€462 | +45.2% |
| Taxes, remuneration and social security | 45 | €5,350 | €2,006 | -€3,344 | -62.5% |
| Taxes | 450/3 | €5,350 | €2,006 | -€3,344 | -62.5% |
| Other amounts payable | 47/48 | €26,583 | €26,451 | -€132 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,770 | €26,152 | +€382 | +1.5% |
| Other operating charges | 640/8 | €542 | €1,028 | +€486 | +89.6% |
| Gross operating margin | 9900 | €31,743 | €446 | -€31,297 | -98.6% |
| Operating profit (loss) | 9901 | €5,431 | -€26,734 | -€32,165 | |
| Financial income | 75/76B | €2 | €212 | +€210 | +10,485% |
| Recurring financial income | 75 | €2 | €212 | +€210 | +10,485% |
| Financial charges | 65/66B | €105 | €78 | -€27 | -26.0% |
| Recurring financial charges | 65 | €105 | €78 | -€27 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €5,327 | -€26,601 | -€31,928 | |
| Income taxes | 67/77 | €1,580 | -€10 | -€1,590 | |
| Profit (loss) for the period | 9904 | €3,748 | -€26,591 | -€30,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,748 | -€26,591 | -€30,338 |
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 23 October 2026 via checked.be.