FANCO: 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.
FANCO
Largest movements
- Tangible fixed assets -€10,507
down €10,507 (-13.8%), from €76,331 to €65,824
- Reserves -€39,100
down €39,100 (-18.7%), from €208,645 to €169,545
of which Distributable reserves: -€39,100
- Other debts +€29,719
up €29,719 (+2,889%), from €1,029 to €30,748
- Gross operating margin +€5,488
up €5,488 (+11.8%), from €46,564 to €52,053
- Taxes +€1,797
up €1,797 (+18.0%), from €10,008 to €11,805
- Financial income +€825
up €825 (+308%), from €268 to €1,094
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 | €285,218 | €277,456 | -€7,763 | -2.7% |
| Fixed assets | 21/28 | €76,331 | €65,824 | -€10,507 | -13.8% |
| Tangible fixed assets | 22/27 | €76,331 | €65,824 | -€10,507 | -13.8% |
| Land and buildings | 22 | €76,331 | €65,824 | -€10,507 | -13.8% |
| Current assets | 29/58 | €208,888 | €211,632 | +€2,744 | +1.3% |
| Cash at bank and in hand | 54/58 | €208,682 | €210,700 | +€2,018 | +1.0% |
| Deferred charges and accrued income | 490/1 | €206 | €932 | +€726 | +353% |
| Total equity and liabilities | 10/49 | €285,218 | €277,456 | -€7,763 | -2.7% |
| Equity | 10/15 | €274,262 | €235,231 | -€39,031 | -14.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €208,645 | €169,545 | -€39,100 | -18.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €202,445 | €163,345 | -€39,100 | -19.3% |
| Profit (loss) carried forward | 14 | €3,618 | €3,687 | +€69 | +1.9% |
| Amounts payable | 17/49 | €10,956 | €42,224 | +€31,268 | +285% |
| Amounts payable within one year | 42/48 | €10,956 | €42,224 | +€31,268 | +285% |
| Taxes, remuneration and social security | 45 | €9,927 | €11,477 | +€1,549 | +15.6% |
| Taxes | 450/3 | €9,927 | €11,477 | +€1,549 | +15.6% |
| Other amounts payable | 47/48 | €1,029 | €30,748 | +€29,719 | +2,889% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,507 | €10,507 | = | 0.0% |
| Other operating charges | 640/8 | €6,509 | €6,838 | +€329 | +5.0% |
| Gross operating margin | 9900 | €46,564 | €52,053 | +€5,488 | +11.8% |
| Operating profit (loss) | 9901 | €29,548 | €34,707 | +€5,160 | +17.5% |
| Financial income | 75/76B | €268 | €1,094 | +€825 | +308% |
| Recurring financial income | 75 | €268 | €1,094 | +€825 | +308% |
| Financial charges | 65/66B | €219 | €328 | +€109 | +49.7% |
| Recurring financial charges | 65 | €219 | €328 | +€109 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €29,597 | €35,474 | +€5,877 | +19.9% |
| Income taxes | 67/77 | €10,008 | €11,805 | +€1,797 | +18.0% |
| Profit (loss) for the period | 9904 | €19,589 | €23,669 | +€4,080 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,589 | €23,669 | +€4,080 | +20.8% |
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.