FANDIGO: 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.
FANDIGO
Largest movements
- Receivables within one year -€13,546
down €13,546 (-20.3%), from €66,655 to €53,109
of which Other amounts receivable: -€7,355
- Tangible fixed assets -€6,129
down €6,129 (-23.5%), from €26,135 to €20,006
of which Plant, machinery and equipment: -€4,479
- Receivables after one year -€4,000
down €4,000 (-9.3%), from €42,812 to €38,812
- Tax, wage and social debts -€22,628
down €22,628 (-73.5%), from €30,772 to €8,144
of which Remuneration and social security: -€12,429
- Trade debts -€12,256
down €12,256 (-33.7%), from €36,364 to €24,108
- Reserves +€5,891
up €5,891 (+13.0%), from €45,401 to €51,291
- Short-term financial debts +€5,204
up €5,204 (+66.6%), from €7,812 to €13,017
- Staff costs -€35,477
down €35,477 (-33.3%), from €106,523 to €71,046
- Gross operating margin -€28,159
down €28,159 (-23.3%), from €120,644 to €92,484
- Taxes +€3,176
up €3,176 (+380.8%), from €834 to €4,009
- Financial income -€1,413
down €1,413 (-67.9%), from €2,081 to €669
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 | €162,413 | €137,907 | -€24,506 | -15.1% |
| Fixed assets | 21/28 | €26,135 | €20,006 | -€6,129 | -23.5% |
| Tangible fixed assets | 22/27 | €26,135 | €20,006 | -€6,129 | -23.5% |
| Plant, machinery and equipment | 23 | €19,992 | €15,513 | -€4,479 | -22.4% |
| Furniture and vehicles | 24 | €6,143 | €4,493 | -€1,650 | -26.9% |
| Current assets | 29/58 | €136,278 | €117,901 | -€18,377 | -13.5% |
| Amounts receivable after more than one year | 29 | €42,812 | €38,812 | -€4,000 | -9.3% |
| Other amounts receivable | 291 | €42,812 | €38,812 | -€4,000 | -9.3% |
| Stocks and contracts in progress | 3 | €26,774 | €25,738 | -€1,036 | -3.9% |
| Stocks | 30/36 | €26,774 | €25,738 | -€1,036 | -3.9% |
| Amounts receivable within one year | 40/41 | €66,655 | €53,109 | -€13,546 | -20.3% |
| Trade receivables | 40 | €36,366 | €30,175 | -€6,191 | -17.0% |
| Other amounts receivable | 41 | €30,288 | €22,934 | -€7,355 | -24.3% |
| Cash at bank and in hand | 54/58 | €37 | €242 | +€205 | +556.9% |
| Total equity and liabilities | 10/49 | €162,413 | €137,907 | -€24,506 | -15.1% |
| Equity | 10/15 | €64,001 | €69,891 | +€5,891 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,401 | €51,291 | +€5,891 | +13.0% |
| Distributable reserves | 133 | €45,401 | €51,291 | +€5,891 | +13.0% |
| Amounts payable | 17/49 | €98,413 | €68,016 | -€30,397 | -30.9% |
| Amounts payable within one year | 42/48 | €98,413 | €68,016 | -€30,397 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €923 | - | -€923 | |
| Financial debts | 43 | €7,812 | €13,017 | +€5,204 | +66.6% |
| Credit institutions | 430/8 | €7,812 | €13,017 | +€5,204 | +66.6% |
| Trade debts | 44 | €36,364 | €24,108 | -€12,256 | -33.7% |
| Suppliers | 440/4 | €36,364 | €24,108 | -€12,256 | -33.7% |
| Taxes, remuneration and social security | 45 | €30,772 | €8,144 | -€22,628 | -73.5% |
| Taxes | 450/3 | €18,342 | €8,144 | -€10,198 | -55.6% |
| Remuneration and social security | 454/9 | €12,429 | - | -€12,429 | |
| Other amounts payable | 47/48 | €22,542 | €22,747 | +€206 | +0.9% |
| Non-recurring operating income | 76A | - | €114 | +€114 | |
| Remuneration, social security and pensions | 62 | €106,523 | €71,046 | -€35,477 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,129 | €6,129 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €258 | +€132 | +105.0% |
| Non-recurring operating charges | 66A | €715 | €1,715 | +€999 | +139.7% |
| Gross operating margin | 9900 | €120,644 | €92,484 | -€28,159 | -23.3% |
| Operating profit (loss) | 9901 | €7,150 | €13,337 | +€6,187 | +86.5% |
| Financial income | 75/76B | €2,081 | €669 | -€1,413 | -67.9% |
| Recurring financial income | 75 | €2,081 | €669 | -€1,413 | -67.9% |
| Financial charges | 65/66B | €3,560 | €4,105 | +€545 | +15.3% |
| Recurring financial charges | 65 | €2,890 | €2,254 | -€636 | -22.0% |
| Non-recurring financial charges | 66B | €670 | €1,852 | +€1,182 | +176.3% |
| Profit (loss) for the period before taxes | 9903 | €5,672 | €9,900 | +€4,228 | +74.6% |
| Income taxes | 67/77 | €834 | €4,009 | +€3,176 | +380.8% |
| Profit (loss) for the period | 9904 | €4,838 | €5,891 | +€1,053 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,838 | €5,891 | +€1,053 | +21.8% |
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 8 October 2026 via checked.be.