FANARAF: 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.
What changed
FANARAF
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€269,893
2024 · €82,179+€187,714
Equity
€1.8m
2024 · €1.5m+€254,893
Cash
€235,754
2024 · €1.1m-€830,810
Balance sheet total
€3.9m
2024 · €3.7m+€130,068
Largest movements
Assets
- Cash -€830,810
down €830,810 (-77.9%), from €1.1m to €235,754
mainly Receivables after one year (-€698,000) and Receivables within one year (-€268,217)
- Receivables after one year +€698,000
up €698,000 (+635%), from €110,000 to €808,000
- Receivables within one year +€268,217
up €268,217 (+308%), from €87,112 to €355,329
of which Other amounts receivable: +€191,410
Equity and liabilities
- Reserves +€254,893
up €254,893 (+121%), from €210,232 to €465,125
- Debts after one year -€124,697
down €124,697 (-6.3%), from €2.0m to €1.9m
of which Financial debts: -€124,697
Income statement
- Gross operating margin +€109,180
up €109,180 (+48.4%), from €225,581 to €334,761
- Staff costs -€56,555
down €56,555 (-100%), from €56,555 to €0
- Financial income +€52,920
up €52,920 (+42.0%), from €126,100 to €179,020
- Financial charges -€47,333
down €47,333 (-54.3%), from €87,201 to €39,868
of which Non-recurring financial charges: -€50,000
- Other operating charges +€32,288
up €32,288 (+51.5%), from €62,650 to €94,938
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.
Result 2024
€82,179
Gross operating margin
+€109,180
Staff costs
+€56,555
Depreciation
-€2,464
Write-downs
-€16,346
Other operating charges
-€32,288
Other operating items
-€4,132
Financial income
+€52,920
Financial charges
+€47,333
Taxes
-€23,045
Result 2025
€269,893
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€659,571
Investment
-€32,296
Financing
-€138,943
Cash 2024
€1.1m
From operations (derived)
-€659,571
Net result for the year
+€269,893
Depreciation
+€50,380
Receivables after one year
-€698,000
Stocks and contracts
+€16,346
Receivables within one year
-€268,217
Deferred charges and accrued income
-€29,092
Trade debts
-€2,584
Tax, wage and social debts
-€7,607
Other debts
+€8,202
Accrued charges and deferred income
+€1,107
Investment (derived)
-€32,296
Investment in fixed assets (net)
-€32,296
Financing
-€138,943
Debts after one year
-€124,697
Current portion of long-term debt
+€2,011
Short-term financial debts
-€1,257
Contributions, distributions and other
-€15,000
Cash 2025
€235,754
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,724,241 | €3,854,310 | +€130,068 | +3.5% |
| Fixed assets | 21/28 | €2,411,885 | €2,393,800 | -€18,084 | -0.7% |
| Tangible fixed assets | 22/27 | €2,151,885 | €2,123,800 | -€28,084 | -1.3% |
| Land and buildings | 22 | €1,544,436 | €1,505,436 | -€39,000 | -2.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,692 | €9,790 | -€8,901 | -47.6% |
| Other tangible fixed assets | 26 | €588,758 | €608,574 | +€19,817 | +3.4% |
| Financial fixed assets | 28 | €260,000 | €270,000 | +€10,000 | +3.8% |
| Current assets | 29/58 | €1,312,356 | €1,460,509 | +€148,153 | +11.3% |
| Amounts receivable after more than one year | 29 | €110,000 | €808,000 | +€698,000 | +635% |
| Other amounts receivable | 291 | €110,000 | €808,000 | +€698,000 | +635% |
| Stocks and contracts in progress | 3 | €23,352 | €7,006 | -€16,346 | -70.0% |
| Stocks | 30/36 | €23,352 | €7,006 | -€16,346 | -70.0% |
| Amounts receivable within one year | 40/41 | €87,112 | €355,329 | +€268,217 | +308% |
| Trade receivables | 40 | €76,074 | €152,881 | +€76,807 | +101% |
| Other amounts receivable | 41 | €11,038 | €202,448 | +€191,410 | +1,734% |
| Cash at bank and in hand | 54/58 | €1,066,564 | €235,754 | -€830,810 | -77.9% |
| Deferred charges and accrued income | 490/1 | €25,329 | €54,421 | +€29,092 | +115% |
| Total equity and liabilities | 10/49 | €3,724,241 | €3,854,310 | +€130,068 | +3.5% |
| Equity | 10/15 | €1,528,832 | €1,783,725 | +€254,893 | +16.7% |
| Contributions | 10/11 | €1,318,600 | €1,318,600 | = | 0.0% |
| Reserves | 13 | €210,232 | €465,125 | +€254,893 | +121% |
| Distributable reserves | 133 | €210,232 | €465,125 | +€254,893 | +121% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,195,409 | €2,070,584 | -€124,825 | -5.7% |
| Amounts payable after more than one year | 17 | €1,990,713 | €1,866,015 | -€124,697 | -6.3% |
| Financial debts | 170/4 | €1,990,713 | €1,866,015 | -€124,697 | -6.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €195,078 | €193,843 | -€1,235 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €132,993 | €135,005 | +€2,011 | +1.5% |
| Financial debts | 43 | €1,257 | €0 | -€1,257 | -100% |
| Credit institutions | 430/8 | €1,257 | €0 | -€1,257 | -100% |
| Trade debts | 44 | €14,429 | €11,845 | -€2,584 | -17.9% |
| Suppliers | 440/4 | €14,429 | €11,845 | -€2,584 | -17.9% |
| Taxes, remuneration and social security | 45 | €38,401 | €30,794 | -€7,607 | -19.8% |
| Taxes | 450/3 | €26,881 | €19,248 | -€7,633 | -28.4% |
| Remuneration and social security | 454/9 | €11,520 | €11,546 | +€26 | +0.2% |
| Other amounts payable | 47/48 | €7,998 | €16,200 | +€8,202 | +103% |
| Accrued charges and deferred income | 492/3 | €9,619 | €10,726 | +€1,107 | +11.5% |
| Non-recurring operating income | 76A | €4,412 | €3,228 | -€1,184 | -26.8% |
| Remuneration, social security and pensions | 62 | €56,555 | €0 | -€56,555 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,916 | €50,380 | +€2,464 | +5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,346 | +€16,346 | |
| Other operating charges | 640/8 | €62,650 | €94,938 | +€32,288 | +51.5% |
| Non-recurring operating charges | 66A | €14,861 | €18,993 | +€4,132 | +27.8% |
| Gross operating margin | 9900 | €225,581 | €334,761 | +€109,180 | +48.4% |
| Operating profit (loss) | 9901 | €43,598 | €154,103 | +€110,505 | +253% |
| Financial income | 75/76B | €126,100 | €179,020 | +€52,920 | +42.0% |
| Recurring financial income | 75 | €126,100 | €179,020 | +€52,920 | +42.0% |
| Financial charges | 65/66B | €87,201 | €39,868 | -€47,333 | -54.3% |
| Recurring financial charges | 65 | €37,201 | €39,868 | +€2,667 | +7.2% |
| Non-recurring financial charges | 66B | €50,000 | €0 | -€50,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €82,497 | €293,255 | +€210,758 | +255% |
| Income taxes | 67/77 | €318 | €23,362 | +€23,045 | +7,258% |
| Profit (loss) for the period | 9904 | €82,179 | €269,893 | +€187,714 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €82,179 | €269,893 | +€187,714 | +228% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.