FANARIOTIS PROJECTS: 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.
FANARIOTIS PROJECTS
Largest movements
- Tangible fixed assets -€5,288
down €5,288 (-16.7%), from €31,725 to €26,437
- Cash +€3,712
up €3,712 (+5372.1%), from €69 to €3,781
mainly Net result for the year (+€27,307) and Short-term financial debts (+€5,971)
- Receivables within one year +€3,490
up €3,490 (+201.7%), from €1,730 to €5,220
- Profit (loss) carried forward +€27,307
up €27,307 (+49.7%), from -€54,894 to -€27,587
- Other debts -€20,812
down €20,812 (-83.7%), from €24,854 to €4,042
- Debts after one year -€10,787
no longer reported in 2025 (was €10,787)
- Short-term financial debts +€5,971
up €5,971 (+119.2%), from €5,009 to €10,980
- Trade debts +€775
up €775 (+7.6%), from €10,189 to €10,964
- Gross operating margin +€2,587
up €2,587 (+7.4%), from €34,832 to €37,419
- Financial charges -€479
down €479 (-15.3%), from €3,136 to €2,657
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.
Cash bridge derived
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 | €34,124 | €36,357 | +€2,232 | +6.5% |
| Fixed assets | 21/28 | €31,725 | €26,437 | -€5,288 | -16.7% |
| Tangible fixed assets | 22/27 | €31,725 | €26,437 | -€5,288 | -16.7% |
| Land and buildings | 22 | €31,725 | €26,437 | -€5,288 | -16.7% |
| Current assets | 29/58 | €2,399 | €9,919 | +€7,520 | +313.4% |
| Amounts receivable within one year | 40/41 | €1,730 | €5,220 | +€3,490 | +201.7% |
| Trade receivables | 40 | €1,730 | €5,220 | +€3,490 | +201.7% |
| Cash at bank and in hand | 54/58 | €69 | €3,781 | +€3,712 | +5372.1% |
| Deferred charges and accrued income | 490/1 | €600 | €919 | +€319 | +53.1% |
| Total equity and liabilities | 10/49 | €34,124 | €36,357 | +€2,232 | +6.5% |
| Equity | 10/15 | -€42,494 | -€15,187 | +€27,307 | +64.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,894 | -€27,587 | +€27,307 | +49.7% |
| Amounts payable | 17/49 | €76,618 | €51,543 | -€25,074 | -32.7% |
| Amounts payable after more than one year | 17 | €10,787 | - | -€10,787 | |
| Financial debts | 170/4 | €10,787 | - | -€10,787 | |
| Amounts payable within one year | 42/48 | €63,543 | €49,203 | -€14,340 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €19,961 | €19,834 | -€128 | -0.6% |
| Financial debts | 43 | €5,009 | €10,980 | +€5,971 | +119.2% |
| Credit institutions | 430/8 | €5,009 | €10,980 | +€5,971 | +119.2% |
| Trade debts | 44 | €10,189 | €10,964 | +€775 | +7.6% |
| Suppliers | 440/4 | €10,189 | €10,964 | +€775 | +7.6% |
| Taxes, remuneration and social security | 45 | €3,529 | €3,384 | -€146 | -4.1% |
| Taxes | 450/3 | €3,529 | €3,384 | -€146 | -4.1% |
| Other amounts payable | 47/48 | €24,854 | €4,042 | -€20,812 | -83.7% |
| Accrued charges and deferred income | 492/3 | €2,288 | €2,340 | +€52 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,288 | €5,288 | = | 0.0% |
| Other operating charges | 640/8 | €2,140 | €1,835 | -€305 | -14.2% |
| Gross operating margin | 9900 | €34,832 | €37,419 | +€2,587 | +7.4% |
| Operating profit (loss) | 9901 | €27,405 | €30,296 | +€2,892 | +10.6% |
| Financial income | 75/76B | €13 | €0 | -€13 | -99.7% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -99.7% |
| Financial charges | 65/66B | €3,136 | €2,657 | -€479 | -15.3% |
| Recurring financial charges | 65 | €3,136 | €2,657 | -€479 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €24,282 | €27,639 | +€3,357 | +13.8% |
| Income taxes | 67/77 | €320 | €332 | +€13 | +4.0% |
| Profit (loss) for the period | 9904 | €23,962 | €27,307 | +€3,345 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,962 | €27,307 | +€3,345 | +14.0% |
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 9 October 2026 via checked.be.