FANDJO: 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.
FANDJO
Largest movements
- Cash +€36,057
up €36,057 (+58.1%), from €62,019 to €98,076
mainly Net result for the year (+€48,465) and Depreciation (+€18,333)
- Tangible fixed assets -€18,333
down €18,333 (-39.2%), from €46,738 to €28,405
of which Furniture and vehicles: -€11,667
- Financial fixed assets +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€48,465
up €48,465 (+84.9%), from €57,055 to €105,520
- Debts after one year -€12,540
down €12,540 (-69.4%), from €18,081 to €5,542
- Other debts -€7,518
down €7,518 (-62.6%), from €12,006 to €4,488
- Gross operating margin -€16,699
down €16,699 (-16.7%), from €100,203 to €83,504
- Depreciation -€2,729
down €2,729 (-13.0%), from €21,062 to €18,333
- Staff costs -€2,224
no longer reported in 2025 (was €2,224)
- Taxes -€1,961
down €1,961 (-11.4%), from €17,240 to €15,278
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 | €108,908 | €136,767 | +€27,860 | +25.6% |
| Fixed assets | 21/28 | €46,738 | €38,405 | -€8,333 | -17.8% |
| Tangible fixed assets | 22/27 | €46,738 | €28,405 | -€18,333 | -39.2% |
| Plant, machinery and equipment | 23 | €8,324 | €3,790 | -€4,533 | -54.5% |
| Furniture and vehicles | 24 | €21,421 | €9,754 | -€11,667 | -54.5% |
| Other tangible fixed assets | 26 | €16,994 | €14,861 | -€2,133 | -12.6% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €62,169 | €98,362 | +€36,193 | +58.2% |
| Cash at bank and in hand | 54/58 | €62,019 | €98,076 | +€36,057 | +58.1% |
| Deferred charges and accrued income | 490/1 | €151 | €286 | +€136 | +90.1% |
| Total equity and liabilities | 10/49 | €108,908 | €136,767 | +€27,860 | +25.6% |
| Equity | 10/15 | €60,055 | €108,520 | +€48,465 | +80.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,055 | €105,520 | +€48,465 | +84.9% |
| Amounts payable | 17/49 | €48,853 | €28,247 | -€20,606 | -42.2% |
| Amounts payable after more than one year | 17 | €18,081 | €5,542 | -€12,540 | -69.4% |
| Financial debts | 170/4 | €18,081 | €5,542 | -€12,540 | -69.4% |
| Amounts payable within one year | 42/48 | €30,772 | €22,706 | -€8,066 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €12,326 | €12,540 | +€213 | +1.7% |
| Taxes, remuneration and social security | 45 | €6,440 | €5,678 | -€761 | -11.8% |
| Taxes | 450/3 | €6,440 | €5,678 | -€761 | -11.8% |
| Other amounts payable | 47/48 | €12,006 | €4,488 | -€7,518 | -62.6% |
| Remuneration, social security and pensions | 62 | €2,224 | - | -€2,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,062 | €18,333 | -€2,729 | -13.0% |
| Other operating charges | 640/8 | €1,612 | €798 | -€814 | -50.5% |
| Gross operating margin | 9900 | €100,203 | €83,504 | -€16,699 | -16.7% |
| Operating profit (loss) | 9901 | €75,305 | €64,372 | -€10,932 | -14.5% |
| Financial income | 75/76B | €17 | €10 | -€7 | -41.6% |
| Recurring financial income | 75 | €17 | €10 | -€7 | -41.6% |
| Financial charges | 65/66B | €1,027 | €638 | -€389 | -37.9% |
| Recurring financial charges | 65 | €1,027 | €638 | -€389 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €74,294 | €63,744 | -€10,550 | -14.2% |
| Income taxes | 67/77 | €17,240 | €15,278 | -€1,961 | -11.4% |
| Profit (loss) for the period | 9904 | €57,055 | €48,465 | -€8,589 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,055 | €48,465 | -€8,589 | -15.1% |
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 1 October 2026 via checked.be.