FANIV: 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.
FANIV
Largest movements
- Cash -€29,476
down €29,476 (-61.8%), from €47,727 to €18,251
mainly Trade debts (-€22,337) and Receivables within one year (-€14,658)
- Receivables within one year +€14,658
up €14,658 (+106.1%), from €13,818 to €28,476
of which Trade receivables: +€15,000
- Trade debts -€22,337
down €22,337 (-99.4%), from €22,474 to €138
- Profit (loss) carried forward +€11,997
up €11,997 (+42.1%), from €28,495 to €40,492
- Tax, wage and social debts -€4,028
down €4,028 (-55.0%), from €7,321 to €3,293
- Gross operating margin -€9,652
down €9,652 (-32.4%), from €29,797 to €20,145
- Financial charges +€2,329
up €2,329 (+108.5%), from €2,146 to €4,475
- Taxes -€2,026
down €2,026 (-38.1%), from €5,323 to €3,296
- Depreciation -€1,222
no longer reported in 2025 (was €1,222)
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 | €63,291 | €48,923 | -€14,367 | -22.7% |
| Current assets | 29/58 | €63,291 | €48,923 | -€14,367 | -22.7% |
| Amounts receivable within one year | 40/41 | €13,818 | €28,476 | +€14,658 | +106.1% |
| Trade receivables | 40 | €4,686 | €19,686 | +€15,000 | +320.1% |
| Other amounts receivable | 41 | €9,132 | €8,790 | -€342 | -3.7% |
| Cash at bank and in hand | 54/58 | €47,727 | €18,251 | -€29,476 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,747 | €2,196 | +€450 | +25.8% |
| Total equity and liabilities | 10/49 | €63,291 | €48,923 | -€14,367 | -22.7% |
| Equity | 10/15 | €33,495 | €45,492 | +€11,997 | +35.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,495 | €40,492 | +€11,997 | +42.1% |
| Amounts payable | 17/49 | €29,795 | €3,431 | -€26,365 | -88.5% |
| Amounts payable within one year | 42/48 | €29,795 | €3,431 | -€26,365 | -88.5% |
| Trade debts | 44 | €22,474 | €138 | -€22,337 | -99.4% |
| Suppliers | 440/4 | €22,474 | €138 | -€22,337 | -99.4% |
| Taxes, remuneration and social security | 45 | €7,321 | €3,293 | -€4,028 | -55.0% |
| Taxes | 450/3 | €7,321 | €3,293 | -€4,028 | -55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,222 | - | -€1,222 | |
| Other operating charges | 640/8 | €227 | €376 | +€149 | +65.6% |
| Gross operating margin | 9900 | €29,797 | €20,145 | -€9,652 | -32.4% |
| Operating profit (loss) | 9901 | €28,348 | €19,769 | -€8,579 | -30.3% |
| Financial charges | 65/66B | €2,146 | €4,475 | +€2,329 | +108.5% |
| Recurring financial charges | 65 | €2,146 | €4,475 | +€2,329 | +108.5% |
| Profit (loss) for the period before taxes | 9903 | €26,202 | €15,294 | -€10,908 | -41.6% |
| Income taxes | 67/77 | €5,323 | €3,296 | -€2,026 | -38.1% |
| Profit (loss) for the period | 9904 | €20,879 | €11,997 | -€8,882 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,879 | €11,997 | -€8,882 | -42.5% |
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.