FANNE: 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.
FANNE
Largest movements
- Receivables within one year +€27,295
up €27,295 (+101.6%), from €26,872 to €54,167
of which Trade receivables: +€22,469
- Tangible fixed assets -€12,284
down €12,284 (-20.0%), from €61,518 to €49,234
of which Furniture and vehicles: -€11,541
- Cash +€10,443
up €10,443 (+17.2%), from €60,754 to €71,197
mainly Net result for the year (+€52,835) and Depreciation (+€21,665)
- Reserves +€52,835
up €52,835 (+56.3%), from €93,818 to €146,653
- Debts after one year -€13,624
down €13,624 (-79.4%), from €17,167 to €3,543
- Other debts -€9,689
down €9,689 (-66.0%), from €14,674 to €4,985
- Tax, wage and social debts -€5,327
down €5,327 (-59.6%), from €8,933 to €3,606
- Gross operating margin +€14,831
up €14,831 (+19.5%), from €75,864 to €90,696
- Depreciation +€3,928
up €3,928 (+22.1%), from €17,737 to €21,665
- Taxes -€1,245
down €1,245 (-7.8%), from €15,927 to €14,682
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 | €151,423 | €176,350 | +€24,926 | +16.5% |
| Fixed assets | 21/28 | €61,518 | €49,234 | -€12,284 | -20.0% |
| Tangible fixed assets | 22/27 | €61,518 | €49,234 | -€12,284 | -20.0% |
| Plant, machinery and equipment | 23 | €8,380 | €5,035 | -€3,345 | -39.9% |
| Furniture and vehicles | 24 | €36,960 | €25,419 | -€11,541 | -31.2% |
| Other tangible fixed assets | 26 | €16,179 | €18,780 | +€2,602 | +16.1% |
| Current assets | 29/58 | €89,905 | €127,116 | +€37,211 | +41.4% |
| Amounts receivable within one year | 40/41 | €26,872 | €54,167 | +€27,295 | +101.6% |
| Trade receivables | 40 | €11,561 | €34,031 | +€22,469 | +194.4% |
| Other amounts receivable | 41 | €15,311 | €20,136 | +€4,826 | +31.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €60,754 | €71,197 | +€10,443 | +17.2% |
| Deferred charges and accrued income | 490/1 | €2,280 | €1,752 | -€528 | -23.2% |
| Total equity and liabilities | 10/49 | €151,423 | €176,350 | +€24,926 | +16.5% |
| Equity | 10/15 | €96,318 | €149,153 | +€52,835 | +54.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €93,818 | €146,653 | +€52,835 | +56.3% |
| Distributable reserves | 133 | €93,818 | €146,653 | +€52,835 | +56.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,105 | €27,197 | -€27,908 | -50.6% |
| Amounts payable after more than one year | 17 | €17,167 | €3,543 | -€13,624 | -79.4% |
| Financial debts | 170/4 | €17,167 | €3,543 | -€13,624 | -79.4% |
| Amounts payable within one year | 42/48 | €37,473 | €23,633 | -€13,840 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €12,787 | €13,624 | +€836 | +6.5% |
| Trade debts | 44 | €1,079 | €1,418 | +€339 | +31.4% |
| Suppliers | 440/4 | €1,079 | €1,418 | +€339 | +31.4% |
| Taxes, remuneration and social security | 45 | €8,933 | €3,606 | -€5,327 | -59.6% |
| Taxes | 450/3 | €8,933 | €3,606 | -€5,327 | -59.6% |
| Other amounts payable | 47/48 | €14,674 | €4,985 | -€9,689 | -66.0% |
| Accrued charges and deferred income | 492/3 | €466 | €21 | -€445 | -95.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,737 | €21,665 | +€3,928 | +22.1% |
| Other operating charges | 640/8 | €727 | €988 | +€261 | +35.9% |
| Gross operating margin | 9900 | €75,864 | €90,696 | +€14,831 | +19.5% |
| Operating profit (loss) | 9901 | €57,401 | €68,042 | +€10,642 | +18.5% |
| Financial income | 75/76B | €1,017 | €1,420 | +€402 | +39.5% |
| Recurring financial income | 75 | €1,017 | €1,420 | +€402 | +39.5% |
| Financial charges | 65/66B | €2,617 | €1,946 | -€671 | -25.7% |
| Recurring financial charges | 65 | €2,617 | €1,946 | -€671 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €55,801 | €67,516 | +€11,715 | +21.0% |
| Income taxes | 67/77 | €15,927 | €14,682 | -€1,245 | -7.8% |
| Profit (loss) for the period | 9904 | €39,874 | €52,835 | +€12,961 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,874 | €52,835 | +€12,961 | +32.5% |
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 12 October 2026 via checked.be.