FANARI: 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.
FANARI
Largest movements
- Tangible fixed assets -€15,793
down €15,793 (-6.0%), from €261,163 to €245,370
of which Land and buildings: -€15,690
- Receivables within one year -€4,069
down €4,069 (-39.0%), from €10,433 to €6,363
- Other debts -€27,356
down €27,356 (-86.9%), from €31,491 to €4,136
- Current portion of long-term debt -€9,573
down €9,573 (-19.7%), from €48,659 to €39,086
- Reserves +€9,452
up €9,452 (+31.4%), from €30,103 to €39,555
- Debts after one year +€8,337
up €8,337 (+6.3%), from €132,330 to €140,668
- Financial charges -€1,631
down €1,631 (-21.2%), from €7,681 to €6,050
- Gross operating margin -€1,417
down €1,417 (-2.5%), from €56,202 to €54,785
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 | €274,105 | €253,653 | -€20,452 | -7.5% |
| Fixed assets | 21/28 | €261,520 | €245,727 | -€15,793 | -6.0% |
| Tangible fixed assets | 22/27 | €261,163 | €245,370 | -€15,793 | -6.0% |
| Land and buildings | 22 | €261,060 | €245,370 | -€15,690 | -6.0% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Financial fixed assets | 28 | €357 | €357 | = | 0.0% |
| Current assets | 29/58 | €12,585 | €7,926 | -€4,659 | -37.0% |
| Amounts receivable within one year | 40/41 | €10,433 | €6,363 | -€4,069 | -39.0% |
| Other amounts receivable | 41 | €10,433 | €6,363 | -€4,069 | -39.0% |
| Cash at bank and in hand | 54/58 | €2,153 | €1,563 | -€590 | -27.4% |
| Total equity and liabilities | 10/49 | €274,105 | €253,653 | -€20,452 | -7.5% |
| Equity | 10/15 | €46,038 | €55,490 | +€9,452 | +20.5% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Revaluation surpluses | 12 | €9,737 | €9,737 | = | 0.0% |
| Reserves | 13 | €30,103 | €39,555 | +€9,452 | +31.4% |
| Distributable reserves | 133 | €30,103 | €39,555 | +€9,452 | +31.4% |
| Amounts payable | 17/49 | €228,068 | €198,163 | -€29,905 | -13.1% |
| Amounts payable after more than one year | 17 | €132,330 | €140,668 | +€8,337 | +6.3% |
| Financial debts | 170/4 | €132,330 | €140,668 | +€8,337 | +6.3% |
| Amounts payable within one year | 42/48 | €95,737 | €57,495 | -€38,242 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €48,659 | €39,086 | -€9,573 | -19.7% |
| Trade debts | 44 | €8,058 | €7,201 | -€857 | -10.6% |
| Suppliers | 440/4 | €8,058 | €7,201 | -€857 | -10.6% |
| Taxes, remuneration and social security | 45 | €7,528 | €7,073 | -€456 | -6.1% |
| Taxes | 450/3 | €7,528 | €7,073 | -€456 | -6.1% |
| Other amounts payable | 47/48 | €31,491 | €4,136 | -€27,356 | -86.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,040 | €32,574 | +€534 | +1.7% |
| Other operating charges | 640/8 | €3,412 | €3,501 | +€89 | +2.6% |
| Gross operating margin | 9900 | €56,202 | €54,785 | -€1,417 | -2.5% |
| Operating profit (loss) | 9901 | €20,750 | €18,710 | -€2,040 | -9.8% |
| Financial income | 75/76B | €32 | €321 | +€288 | +887% |
| Recurring financial income | 75 | €32 | €321 | +€288 | +887% |
| Financial charges | 65/66B | €7,681 | €6,050 | -€1,631 | -21.2% |
| Recurring financial charges | 65 | €7,681 | €6,050 | -€1,631 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €13,101 | €12,980 | -€121 | -0.9% |
| Income taxes | 67/77 | €3,570 | €3,528 | -€42 | -1.2% |
| Profit (loss) for the period | 9904 | €9,531 | €9,452 | -€79 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,531 | €9,452 | -€79 | -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 14 October 2026 via checked.be.