FANDANGO: 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.
FANDANGO
Largest movements
- Receivables within one year +€376,151
up €376,151 (+26.7%), from €1.4m to €1.8m
of which Other amounts receivable: +€386,680
- Cash -€126,554
down €126,554 (-32.1%), from €394,462 to €267,908
mainly Receivables within one year (-€376,151) and Investment in fixed assets (net) (-€13,785)
- Profit (loss) carried forward +€226,219
up €226,219 (+28.4%), from €797,437 to €1.0m
- Gross operating margin +€290,142
up €290,142 (+436%), from €66,591 to €356,733
- Taxes +€72,784
up €72,784 (+470%), from €15,484 to €88,268
- Other operating charges +€5,676
up €5,676 (+42.4%), from €13,372 to €19,047
- Financial income +€5,314
up €5,314 (+552%), from €962 to €6,276
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 | €1,904,289 | €2,146,558 | +€242,269 | +12.7% |
| Fixed assets | 21/28 | €99,096 | €91,769 | -€7,327 | -7.4% |
| Tangible fixed assets | 22/27 | €90,221 | €80,394 | -€9,827 | -10.9% |
| Land and buildings | 22 | €47,208 | €47,456 | +€248 | +0.5% |
| Plant, machinery and equipment | 23 | €3,031 | €4,969 | +€1,938 | +63.9% |
| Furniture and vehicles | 24 | €39,982 | €27,969 | -€12,013 | -30.0% |
| Financial fixed assets | 28 | €8,875 | €11,375 | +€2,500 | +28.2% |
| Current assets | 29/58 | €1,805,193 | €2,054,789 | +€249,597 | +13.8% |
| Amounts receivable within one year | 40/41 | €1,410,731 | €1,786,882 | +€376,151 | +26.7% |
| Trade receivables | 40 | €242,003 | €231,474 | -€10,529 | -4.4% |
| Other amounts receivable | 41 | €1,168,728 | €1,555,407 | +€386,680 | +33.1% |
| Cash at bank and in hand | 54/58 | €394,462 | €267,908 | -€126,554 | -32.1% |
| Total equity and liabilities | 10/49 | €1,904,289 | €2,146,558 | +€242,269 | +12.7% |
| Equity | 10/15 | €1,079,460 | €1,305,679 | +€226,219 | +21.0% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €274,586 | €274,586 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,750 | €28,750 | = | 0.0% |
| Distributable reserves | 133 | €243,977 | €243,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | €797,437 | €1,023,657 | +€226,219 | +28.4% |
| Amounts payable | 17/49 | €824,829 | €840,879 | +€16,050 | +1.9% |
| Amounts payable within one year | 42/48 | €824,829 | €840,879 | +€16,050 | +1.9% |
| Trade debts | 44 | €19,916 | €20,357 | +€442 | +2.2% |
| Suppliers | 440/4 | €19,916 | €20,357 | +€442 | +2.2% |
| Taxes, remuneration and social security | 45 | €31,498 | €49,110 | +€17,613 | +55.9% |
| Taxes | 450/3 | €31,498 | €49,110 | +€17,613 | +55.9% |
| Other amounts payable | 47/48 | €773,416 | €771,412 | -€2,004 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,623 | €21,112 | +€2,490 | +13.4% |
| Other operating charges | 640/8 | €13,372 | €19,047 | +€5,676 | +42.4% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €66,591 | €356,733 | +€290,142 | +436% |
| Operating profit (loss) | 9901 | €34,347 | €316,573 | +€282,227 | +822% |
| Financial income | 75/76B | €962 | €6,276 | +€5,314 | +552% |
| Recurring financial income | 75 | €962 | €6,276 | +€5,314 | +552% |
| Financial charges | 65/66B | €6,249 | €8,362 | +€2,113 | +33.8% |
| Recurring financial charges | 65 | €6,249 | €8,362 | +€2,113 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €29,060 | €314,488 | +€285,428 | +982% |
| Income taxes | 67/77 | €15,484 | €88,268 | +€72,784 | +470% |
| Profit (loss) for the period | 9904 | €13,576 | €226,219 | +€212,643 | +1,566% |
| Profit (loss) for the period to be appropriated | 9905 | €13,576 | €226,219 | +€212,643 | +1,566% |
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 25 October 2026 via checked.be.