FANMAR: 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.
What changed
FANMAR
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€127,967
2024 · -€147,276+€19,308
Equity
€2.0m
2024 · €2.1m-€127,967
Cash
€22,204
2024 · €3,062+€19,141
Balance sheet total
€4.9m
2024 · €5.0m-€92,831
Largest movements
Assets
- Tangible fixed assets -€112,048
down €112,048 (-2.3%), from €4.9m to €4.8m
Equity and liabilities
- Profit (loss) carried forward -€99,558
down €99,558 (-463.3%), from -€21,489 to -€121,047
Income statement
- Gross operating margin +€9,012
up €9,012 (+18.1%), from €49,763 to €58,775
- Financial charges +€1,211
up €1,211 (+1.6%), from €74,105 to €75,316
- Other operating charges +€855
up €855 (+10.7%), from €7,994 to €8,849
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.
Result 2024
-€147,276
Gross operating margin
+€9,012
Depreciation
-€159
Other operating charges
-€855
Other operating items
+€12,520
Financial charges
-€1,211
Result 2025
-€127,967
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.
From operations
+€19,141
Investment
€0
Financing
€0
Cash 2024
€3,062
From operations (derived)
+€19,141
Net result for the year
-€127,967
Depreciation
+€112,048
Smaller working-capital items
-€390
Provisions
-€9,470
Tax, wage and social debts
-€350
Other debts
+€44,542
Accrued charges and deferred income
+€728
Cash 2025
€22,204
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,955,432 | €4,862,602 | -€92,831 | -1.9% |
| Fixed assets | 21/28 | €4,918,680 | €4,806,632 | -€112,048 | -2.3% |
| Tangible fixed assets | 22/27 | €4,918,680 | €4,806,632 | -€112,048 | -2.3% |
| Land and buildings | 22 | €4,918,680 | €4,806,632 | -€112,048 | -2.3% |
| Current assets | 29/58 | €36,752 | €55,969 | +€19,217 | +52.3% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,062 | €22,204 | +€19,141 | +625.0% |
| Deferred charges and accrued income | 490/1 | €33,690 | €33,765 | +€75 | +0.2% |
| Total equity and liabilities | 10/49 | €4,955,432 | €4,862,602 | -€92,831 | -1.9% |
| Equity | 10/15 | €2,127,804 | €1,999,837 | -€127,967 | -6.0% |
| Contributions | 10/11 | €1,275,000 | €1,275,000 | = | 0.0% |
| Capital | 10 | €1,275,000 | €1,275,000 | = | 0.0% |
| Issued capital | 100 | €1,275,000 | €1,275,000 | = | 0.0% |
| Reserves | 13 | €874,292 | €845,883 | -€28,409 | -3.2% |
| Non-distributable reserves | 130/1 | €39,800 | €39,800 | = | 0.0% |
| Legal reserve | 130 | €39,800 | €39,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €834,492 | €806,083 | -€28,409 | -3.4% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€21,489 | -€121,047 | -€99,558 | -463.3% |
| Provisions and deferred taxes | 16 | €278,164 | €268,694 | -€9,470 | -3.4% |
| Deferred taxes | 168 | €278,164 | €268,694 | -€9,470 | -3.4% |
| Amounts payable | 17/49 | €2,549,464 | €2,594,070 | +€44,606 | +1.7% |
| Amounts payable within one year | 42/48 | €2,505,242 | €2,549,119 | +€43,878 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,239 | €924 | -€315 | -25.4% |
| Suppliers | 440/4 | €1,239 | €924 | -€315 | -25.4% |
| Taxes, remuneration and social security | 45 | €394 | €45 | -€350 | -88.7% |
| Taxes | 450/3 | €394 | €45 | -€350 | -88.7% |
| Other amounts payable | 47/48 | €2,503,609 | €2,548,151 | +€44,542 | +1.8% |
| Accrued charges and deferred income | 492/3 | €44,223 | €44,951 | +€728 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,889 | €112,048 | +€159 | +0.1% |
| Other operating charges | 640/8 | €7,994 | €8,849 | +€855 | +10.7% |
| Non-recurring operating charges | 66A | €12,520 | €0 | -€12,520 | -100.0% |
| Gross operating margin | 9900 | €49,763 | €58,775 | +€9,012 | +18.1% |
| Operating profit (loss) | 9901 | -€82,640 | -€62,121 | +€20,519 | +24.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €74,105 | €75,316 | +€1,211 | +1.6% |
| Recurring financial charges | 65 | €74,105 | €75,316 | +€1,211 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€156,745 | -€137,437 | +€19,308 | +12.3% |
| Transfer from deferred taxes | 780 | €9,470 | €9,470 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€147,276 | -€127,967 | +€19,308 | +13.1% |
| Transfer from tax-exempt reserves | 789 | €28,409 | €28,409 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,867 | -€99,558 | +€19,308 | +16.2% |
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 6 October 2026 via checked.be.