FANG-YUAN: 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.
FANG-YUAN
Largest movements
- Tangible fixed assets +€40,912
up €40,912 (+403%), from €10,157 to €51,069
of which Furniture and vehicles: +€43,179
- Cash +€10,235
up €10,235 (+19.2%), from €53,204 to €63,439
mainly Net result for the year (+€51,425) and Debts after one year (+€37,128)
- Receivables within one year +€5,709
up €5,709 (+456%), from €1,251 to €6,960
of which Trade receivables: +€5,709
- Debts after one year +€37,128
up €37,128, from €0 to €37,128
- Other debts -€15,000
down €15,000 (-27.3%), from €55,000 to €40,000
- Current portion of long-term debt +€10,981
up €10,981, from €0 to €10,981
- Reserves +€10,000
up €10,000, from €0 to €10,000
- Trade debts +€9,370
up €9,370 (+212%), from €4,428 to €13,797
- Turnover -€451,252
no longer reported in 2025 (was €451,252)
- Gross operating margin -€42,745
down €42,745 (-20.7%), from €206,355 to €163,610
- Taxes -€5,088
down €5,088 (-18.5%), from €27,514 to €22,425
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 | €93,403 | €152,095 | +€58,692 | +62.8% |
| Fixed assets | 21/28 | €10,417 | €51,329 | +€40,912 | +393% |
| Tangible fixed assets | 22/27 | €10,157 | €51,069 | +€40,912 | +403% |
| Plant, machinery and equipment | 23 | €4,488 | €2,838 | -€1,650 | -36.8% |
| Furniture and vehicles | 24 | €755 | €43,934 | +€43,179 | +5,718% |
| Other tangible fixed assets | 26 | €4,914 | €4,296 | -€618 | -12.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €82,985 | €100,766 | +€17,781 | +21.4% |
| Stocks and contracts in progress | 3 | €25,511 | €26,790 | +€1,278 | +5.0% |
| Stocks | 30/36 | €25,511 | €26,790 | +€1,278 | +5.0% |
| Amounts receivable within one year | 40/41 | €1,251 | €6,960 | +€5,709 | +456% |
| Trade receivables | 40 | €1,251 | €6,960 | +€5,709 | +456% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €53,204 | €63,439 | +€10,235 | +19.2% |
| Deferred charges and accrued income | 490/1 | €3,019 | €3,577 | +€558 | +18.5% |
| Total equity and liabilities | 10/49 | €93,403 | €152,095 | +€58,692 | +62.8% |
| Equity | 10/15 | €16,139 | €27,563 | +€11,425 | +70.8% |
| Contributions | 10/11 | €0 | - | = | |
| Contributions outside capital | 11 | €0 | - | = | |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €0 | €10,000 | +€10,000 | |
| Distributable reserves | 133 | €0 | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | €16,139 | €17,563 | +€1,425 | +8.8% |
| Amounts payable | 17/49 | €77,264 | €124,532 | +€47,268 | +61.2% |
| Amounts payable after more than one year | 17 | €0 | €37,128 | +€37,128 | |
| Financial debts | 170/4 | €0 | €37,128 | +€37,128 | |
| Amounts payable within one year | 42/48 | €76,543 | €86,930 | +€10,387 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,981 | +€10,981 | |
| Trade debts | 44 | €4,428 | €13,797 | +€9,370 | +212% |
| Suppliers | 440/4 | €4,428 | €13,797 | +€9,370 | +212% |
| Taxes, remuneration and social security | 45 | €17,116 | €22,152 | +€5,037 | +29.4% |
| Taxes | 450/3 | €11,461 | €13,874 | +€2,413 | +21.1% |
| Remuneration and social security | 454/9 | €5,655 | €8,278 | +€2,624 | +46.4% |
| Other amounts payable | 47/48 | €55,000 | €40,000 | -€15,000 | -27.3% |
| Accrued charges and deferred income | 492/3 | €721 | €474 | -€247 | -34.2% |
| Turnover | 70 | €451,252 | - | -€451,252 | |
| Non-recurring operating income | 76A | €21,812 | - | -€21,812 | |
| Goods, raw materials, services and sundry goods | 60/61 | €282,711 | €284,724 | +€2,013 | +0.7% |
| Remuneration, social security and pensions | 62 | €68,502 | €71,314 | +€2,812 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,851 | €11,323 | +€3,472 | +44.2% |
| Other operating charges | 640/8 | €683 | €694 | +€11 | +1.6% |
| Non-recurring operating charges | 66A | €6,872 | €1,914 | -€4,958 | -72.1% |
| Gross operating margin | 9900 | €206,355 | €163,610 | -€42,745 | -20.7% |
| Operating profit (loss) | 9901 | €122,447 | €78,365 | -€44,082 | -36.0% |
| Financial income | 75/76B | €869 | €898 | +€28 | +3.3% |
| Recurring financial income | 75 | €869 | €898 | +€28 | +3.3% |
| Financial charges | 65/66B | €5,224 | €5,412 | +€188 | +3.6% |
| Recurring financial charges | 65 | €5,224 | €5,412 | +€188 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €118,092 | €73,850 | -€44,242 | -37.5% |
| Income taxes | 67/77 | €27,514 | €22,425 | -€5,088 | -18.5% |
| Profit (loss) for the period | 9904 | €90,579 | €51,425 | -€39,154 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,579 | €51,425 | -€39,154 | -43.2% |
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 29 October 2026 via checked.be.