FANCY: what changed
Two fiscal 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.
FANCY
Largest movements
- Receivables within one year -€51,121
down €51,121 (-89.4%), from €57,169 to €6,048
of which Trade receivables: -€33,358
- Tangible fixed assets -€25,639
down €25,639 (-27.1%), from €94,780 to €69,141
of which Furniture and vehicles: -€20,028
- Stocks and contracts -€17,588
down €17,588 (-23.6%), from €74,630 to €57,042
- Cash -€11,308
down €11,308 (-93.6%), from €12,088 to €780
mainly Net result for the year (-€47,177) and Trade debts (-€29,609)
- Profit (loss) carried forward -€47,177
down €47,177 (-61.6%), from €76,553 to €29,376
- Trade debts -€29,609
down €29,609 (-90.4%), from €32,738 to €3,130
- Advances received -€15,000
no longer reported in 2025 (was €15,000)
- Debts after one year -€12,427
down €12,427 (-37.1%), from €33,466 to €21,039
- Current portion of long-term debt -€10,222
no longer reported in 2025 (was €10,222)
- Gross operating margin -€51,748
down €51,748, from €34,170 to -€17,578
- Depreciation +€9,754
up €9,754 (+57.6%), from €16,937 to €26,691
- Other operating charges -€538
down €538 (-38.1%), from €1,413 to €875
- Taxes -€466
down €466 (-86.6%), from -€537 to -€1,003
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 | €242,359 | €136,451 | -€105,908 | -43.7% |
| Fixed assets | 21/28 | €96,193 | €70,554 | -€25,639 | -26.7% |
| Tangible fixed assets | 22/27 | €94,780 | €69,141 | -€25,639 | -27.1% |
| Land and buildings | 22 | €22,441 | €16,070 | -€6,370 | -28.4% |
| Plant, machinery and equipment | 23 | €1,748 | €2,508 | +€759 | +43.4% |
| Furniture and vehicles | 24 | €70,591 | €50,563 | -€20,028 | -28.4% |
| Financial fixed assets | 28 | €1,413 | €1,413 | = | 0.0% |
| Current assets | 29/58 | €146,166 | €65,897 | -€80,269 | -54.9% |
| Stocks and contracts in progress | 3 | €74,630 | €57,042 | -€17,588 | -23.6% |
| Stocks | 30/36 | €74,630 | €57,042 | -€17,588 | -23.6% |
| Amounts receivable within one year | 40/41 | €57,169 | €6,048 | -€51,121 | -89.4% |
| Trade receivables | 40 | €39,069 | €5,710 | -€33,358 | -85.4% |
| Other amounts receivable | 41 | €18,100 | €337 | -€17,763 | -98.1% |
| Cash at bank and in hand | 54/58 | €12,088 | €780 | -€11,308 | -93.6% |
| Deferred charges and accrued income | 490/1 | €2,280 | €2,028 | -€251 | -11.0% |
| Total equity and liabilities | 10/49 | €242,359 | €136,451 | -€105,908 | -43.7% |
| Equity | 10/15 | €76,553 | €29,376 | -€47,177 | -61.6% |
| Profit (loss) carried forward | 14 | €76,553 | €29,376 | -€47,177 | -61.6% |
| Amounts payable | 17/49 | €165,807 | €107,075 | -€58,731 | -35.4% |
| Amounts payable after more than one year | 17 | €33,466 | €21,039 | -€12,427 | -37.1% |
| Financial debts | 170/4 | €33,466 | €21,039 | -€12,427 | -37.1% |
| Amounts payable within one year | 42/48 | €132,340 | €86,036 | -€46,304 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €10,222 | - | -€10,222 | |
| Financial debts | 43 | €11,801 | €12,427 | +€627 | +5.3% |
| Credit institutions | 430/8 | €11,801 | €12,427 | +€627 | +5.3% |
| Trade debts | 44 | €32,738 | €3,130 | -€29,609 | -90.4% |
| Suppliers | 440/4 | €32,738 | €3,130 | -€29,609 | -90.4% |
| Advances received on contracts in progress | 46 | €15,000 | - | -€15,000 | |
| Taxes, remuneration and social security | 45 | €9,016 | €14,371 | +€5,355 | +59.4% |
| Taxes | 450/3 | €9,016 | €8,768 | -€247 | -2.7% |
| Remuneration and social security | 454/9 | - | €5,603 | +€5,603 | |
| Other amounts payable | 47/48 | €53,564 | €56,108 | +€2,545 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,937 | €26,691 | +€9,754 | +57.6% |
| Other operating charges | 640/8 | €1,413 | €875 | -€538 | -38.1% |
| Gross operating margin | 9900 | €34,170 | -€17,578 | -€51,748 | |
| Operating profit (loss) | 9901 | €15,821 | -€45,143 | -€60,964 | |
| Financial charges | 65/66B | €3,193 | €3,036 | -€157 | -4.9% |
| Recurring financial charges | 65 | €3,193 | €3,036 | -€157 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €12,627 | -€48,180 | -€60,807 | |
| Income taxes | 67/77 | -€537 | -€1,003 | -€466 | -86.6% |
| Profit (loss) for the period | 9904 | €13,165 | -€47,177 | -€60,341 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,165 | -€47,177 | -€60,341 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.