FANALEX: 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.
FANALEX
Largest movements
- Receivables within one year +€24,363
up €24,363 (+14.1%), from €172,692 to €197,055
of which Trade receivables: +€68,529
- Deferred charges and accrued income +€5,212
new in 2025: €5,212
- Cash +€4,120
up €4,120 (+12.1%), from €34,177 to €38,296
mainly Net result for the year (+€205,219) and Other debts (+€53,957)
- Debts after one year -€200,431
no longer reported in 2025 (was €200,431)
- Profit (loss) carried forward +€163,736
no longer reported in 2025 (was -€163,736)
- Other debts +€53,957
up €53,957 (+164%), from €32,936 to €86,893
- Reserves +€41,483
new in 2025: €41,483
- Tax, wage and social debts -€21,983
down €21,983 (-23.4%), from €94,131 to €72,148
of which Taxes: -€19,565
- Taxes +€29,685
new in 2025: €29,685
- Staff costs +€19,903
up €19,903 (+6.1%), from €327,480 to €347,383
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 | €219,513 | €251,855 | +€32,343 | +14.7% |
| Fixed assets | 21/28 | €12,644 | €11,293 | -€1,352 | -10.7% |
| Intangible fixed assets | 21 | €9,198 | €6,704 | -€2,493 | -27.1% |
| Tangible fixed assets | 22/27 | €3,287 | €4,588 | +€1,301 | +39.6% |
| Furniture and vehicles | 24 | €3,287 | €4,588 | +€1,301 | +39.6% |
| Financial fixed assets | 28 | €160 | - | -€160 | |
| Current assets | 29/58 | €206,868 | €240,563 | +€33,694 | +16.3% |
| Amounts receivable within one year | 40/41 | €172,692 | €197,055 | +€24,363 | +14.1% |
| Trade receivables | 40 | €90,602 | €159,131 | +€68,529 | +75.6% |
| Other amounts receivable | 41 | €82,090 | €37,923 | -€44,166 | -53.8% |
| Cash at bank and in hand | 54/58 | €34,177 | €38,296 | +€4,120 | +12.1% |
| Deferred charges and accrued income | 490/1 | - | €5,212 | +€5,212 | |
| Total equity and liabilities | 10/49 | €219,513 | €251,855 | +€32,343 | +14.7% |
| Equity | 10/15 | -€145,136 | €60,083 | +€205,219 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €41,483 | +€41,483 | |
| Distributable reserves | 133 | - | €41,483 | +€41,483 | |
| Profit (loss) carried forward | 14 | -€163,736 | - | +€163,736 | |
| Amounts payable | 17/49 | €364,649 | €191,772 | -€172,876 | -47.4% |
| Amounts payable after more than one year | 17 | €200,431 | - | -€200,431 | |
| Other amounts payable | 178/9 | €200,431 | - | -€200,431 | |
| Amounts payable within one year | 42/48 | €162,828 | €191,772 | +€28,945 | +17.8% |
| Trade debts | 44 | €35,760 | €32,731 | -€3,030 | -8.5% |
| Suppliers | 440/4 | €35,760 | €32,731 | -€3,030 | -8.5% |
| Taxes, remuneration and social security | 45 | €94,131 | €72,148 | -€21,983 | -23.4% |
| Taxes | 450/3 | €53,925 | €34,360 | -€19,565 | -36.3% |
| Remuneration and social security | 454/9 | €40,206 | €37,788 | -€2,418 | -6.0% |
| Other amounts payable | 47/48 | €32,936 | €86,893 | +€53,957 | +164% |
| Accrued charges and deferred income | 492/3 | €1,390 | - | -€1,390 | |
| Remuneration, social security and pensions | 62 | €327,480 | €347,383 | +€19,903 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,301 | €4,059 | +€758 | +23.0% |
| Other operating charges | 640/8 | €4,067 | €3,513 | -€554 | -13.6% |
| Non-recurring operating charges | 66A | €545 | - | -€545 | |
| Gross operating margin | 9900 | €593,340 | €589,499 | -€3,841 | -0.6% |
| Operating profit (loss) | 9901 | €257,948 | €234,545 | -€23,403 | -9.1% |
| Financial income | 75/76B | €77 | €505 | +€428 | +556% |
| Recurring financial income | 75 | €77 | €505 | +€428 | +556% |
| Financial charges | 65/66B | €231 | €146 | -€85 | -36.7% |
| Recurring financial charges | 65 | €114 | €116 | +€2 | +1.3% |
| Non-recurring financial charges | 66B | €116 | €30 | -€86 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €257,794 | €234,904 | -€22,890 | -8.9% |
| Income taxes | 67/77 | - | €29,685 | +€29,685 | |
| Profit (loss) for the period | 9904 | €257,794 | €205,219 | -€52,575 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €257,794 | €205,219 | -€52,575 | -20.4% |
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.