FANIC: 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.
FANIC
Largest movements
- Cash -€46,290
down €46,290 (-13.9%), from €334,110 to €287,820
mainly Contributions, distributions and other (-€549,450) and Receivables within one year (-€26,083)
- Receivables within one year +€26,083
up €26,083 (+15.0%), from €173,926 to €200,009
of which Trade receivables: +€14,132
- Profit (loss) carried forward -€428,085
no longer reported in 2025 (was €428,085)
- Other debts +€392,812
up €392,812 (+287.4%), from €136,682 to €529,495
- Trade debts +€18,549
up €18,549 (+15.8%), from €117,445 to €135,994
- Debts after one year -€11,182
down €11,182 (-36.5%), from €30,644 to €19,462
- Current portion of long-term debt -€8,295
down €8,295 (-42.6%), from €19,477 to €11,182
- Gross operating margin -€102,107
down €102,107 (-36.5%), from €279,963 to €177,856
- Taxes -€26,809
down €26,809 (-41.3%), from €64,858 to €38,049
- Other operating charges -€19,690
down €19,690 (-98.7%), from €19,943 to €254
- Depreciation +€7,280
up €7,280 (+61.5%), from €11,840 to €19,120
- Financial income +€3,255
new in 2025: €3,255
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 | €743,476 | €712,841 | -€30,635 | -4.1% |
| Fixed assets | 21/28 | €84,185 | €75,013 | -€9,173 | -10.9% |
| Intangible fixed assets | 21 | €28,800 | €24,000 | -€4,800 | -16.7% |
| Tangible fixed assets | 22/27 | €55,385 | €51,013 | -€4,373 | -7.9% |
| Plant, machinery and equipment | 23 | €2,051 | €1,810 | -€242 | -11.8% |
| Furniture and vehicles | 24 | €48,355 | €38,532 | -€9,823 | -20.3% |
| Other tangible fixed assets | 26 | €4,979 | €10,671 | +€5,692 | +114.3% |
| Current assets | 29/58 | €659,291 | €637,829 | -€21,462 | -3.3% |
| Amounts receivable within one year | 40/41 | €173,926 | €200,009 | +€26,083 | +15.0% |
| Trade receivables | 40 | €173,926 | €188,058 | +€14,132 | +8.1% |
| Other amounts receivable | 41 | - | €11,951 | +€11,951 | |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €334,110 | €287,820 | -€46,290 | -13.9% |
| Deferred charges and accrued income | 490/1 | €1,255 | - | -€1,255 | |
| Total equity and liabilities | 10/49 | €743,476 | €712,841 | -€30,635 | -4.1% |
| Equity | 10/15 | €429,585 | €1,500 | -€428,085 | -99.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €428,085 | - | -€428,085 | |
| Amounts payable | 17/49 | €313,891 | €711,341 | +€397,450 | +126.6% |
| Amounts payable after more than one year | 17 | €30,644 | €19,462 | -€11,182 | -36.5% |
| Financial debts | 170/4 | €30,644 | €19,462 | -€11,182 | -36.5% |
| Amounts payable within one year | 42/48 | €283,247 | €691,879 | +€408,632 | +144.3% |
| Current portion of amounts payable after more than one year | 42 | €19,477 | €11,182 | -€8,295 | -42.6% |
| Trade debts | 44 | €117,445 | €135,994 | +€18,549 | +15.8% |
| Suppliers | 440/4 | €117,445 | €135,994 | +€18,549 | +15.8% |
| Taxes, remuneration and social security | 45 | €9,642 | €15,208 | +€5,566 | +57.7% |
| Taxes | 450/3 | €9,642 | €15,208 | +€5,566 | +57.7% |
| Other amounts payable | 47/48 | €136,682 | €529,495 | +€392,812 | +287.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,840 | €19,120 | +€7,280 | +61.5% |
| Other operating charges | 640/8 | €19,943 | €254 | -€19,690 | -98.7% |
| Gross operating margin | 9900 | €279,963 | €177,856 | -€102,107 | -36.5% |
| Operating profit (loss) | 9901 | €248,180 | €158,483 | -€89,697 | -36.1% |
| Financial income | 75/76B | - | €3,255 | +€3,255 | |
| Recurring financial income | 75 | - | €3,255 | +€3,255 | |
| Financial charges | 65/66B | €983 | €2,324 | +€1,341 | +136.5% |
| Recurring financial charges | 65 | €983 | €2,324 | +€1,341 | +136.5% |
| Profit (loss) for the period before taxes | 9903 | €247,197 | €159,414 | -€87,784 | -35.5% |
| Income taxes | 67/77 | €64,858 | €38,049 | -€26,809 | -41.3% |
| Profit (loss) for the period | 9904 | €182,340 | €121,365 | -€60,975 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €182,340 | €121,365 | -€60,975 | -33.4% |
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 7 October 2026 via checked.be.