FANN: 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.
FANN
Largest movements
- Tangible fixed assets -€31,785
down €31,785 (-6.4%), from €497,083 to €465,298
of which Plant, machinery and equipment: -€16,233
- Cash -€28,324
down €28,324 (-100.0%), from €28,324 to €0
mainly Net result for the year (-€95,407)
- Profit (loss) carried forward -€95,407
down €95,407 (-7.3%), from -€1.3m to -€1.4m
- Other debts +€35,298
up €35,298 (+7.6%), from €466,327 to €501,625
- Gross operating margin -€37,114
down €37,114 (-141.5%), from -€26,235 to -€63,350
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 | €551,408 | €491,299 | -€60,109 | -10.9% |
| Fixed assets | 21/28 | €497,083 | €465,298 | -€31,785 | -6.4% |
| Tangible fixed assets | 22/27 | €497,083 | €465,298 | -€31,785 | -6.4% |
| Land and buildings | 22 | €381,583 | €366,031 | -€15,552 | -4.1% |
| Plant, machinery and equipment | 23 | €91,500 | €75,267 | -€16,233 | -17.7% |
| Furniture and vehicles | 24 | €24,000 | €24,000 | = | 0.0% |
| Current assets | 29/58 | €54,324 | €26,000 | -€28,324 | -52.1% |
| Amounts receivable within one year | 40/41 | €26,000 | €26,000 | = | 0.0% |
| Trade receivables | 40 | €26,000 | €26,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,324 | €0 | -€28,324 | -100.0% |
| Total equity and liabilities | 10/49 | €551,408 | €491,299 | -€60,109 | -10.9% |
| Equity | 10/15 | -€622,062 | -€717,469 | -€95,407 | -15.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €619,615 | €619,615 | = | 0.0% |
| Tax-exempt reserves | 132 | €619,615 | €619,615 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,304,177 | -€1,399,585 | -€95,407 | -7.3% |
| Amounts payable | 17/49 | €1,173,470 | €1,208,768 | +€35,298 | +3.0% |
| Amounts payable after more than one year | 17 | €707,143 | €707,143 | = | 0.0% |
| Financial debts | 170/4 | €707,143 | €707,143 | = | 0.0% |
| Amounts payable within one year | 42/48 | €466,327 | €501,625 | +€35,298 | +7.6% |
| Other amounts payable | 47/48 | €466,327 | €501,625 | +€35,298 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,785 | €31,785 | = | 0.0% |
| Gross operating margin | 9900 | -€26,235 | -€63,350 | -€37,114 | -141.5% |
| Operating profit (loss) | 9901 | -€58,020 | -€95,135 | -€37,114 | -64.0% |
| Financial charges | 65/66B | €406 | €272 | -€134 | -33.0% |
| Recurring financial charges | 65 | €406 | €272 | -€134 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,427 | -€95,407 | -€36,980 | -63.3% |
| Profit (loss) for the period | 9904 | -€58,427 | -€95,407 | -€36,980 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,427 | -€95,407 | -€36,980 | -63.3% |
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.