FANNFARR: 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.
FANNFARR
Largest movements
- Current investments +€36,678
up €36,678 (+39.9%), from €91,884 to €128,562
- Tangible fixed assets +€15,410
up €15,410 (+257.3%), from €5,989 to €21,399
of which Furniture and vehicles: +€16,238
- Cash -€6,090
down €6,090 (-86.7%), from €7,028 to €938
mainly Contributions, distributions and other (-€45,030) and Current investments (-€36,678)
- Other debts +€39,680
up €39,680 (+167.2%), from €23,734 to €63,414
- Profit (loss) carried forward +€12,100
up €12,100, from -€12,100 to €0
- Reserves -€10,284
down €10,284 (-10.7%), from €95,769 to €85,485
- Tax, wage and social debts +€4,151
up €4,151 (+62.5%), from €6,642 to €10,793
- Gross operating margin +€45,351
up €45,351 (+165.5%), from €27,410 to €72,761
- Taxes +€20,415
up €20,415 (+4438.9%), from €460 to €20,875
- Depreciation +€1,070
up €1,070 (+34.1%), from €3,138 to €4,209
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 | €120,431 | €166,374 | +€45,943 | +38.1% |
| Fixed assets | 21/28 | €5,989 | €21,399 | +€15,410 | +257.3% |
| Tangible fixed assets | 22/27 | €5,989 | €21,399 | +€15,410 | +257.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,833 | €1,005 | -€828 | -45.2% |
| Furniture and vehicles | 24 | €4,156 | €20,394 | +€16,238 | +390.7% |
| Current assets | 29/58 | €114,442 | €144,975 | +€30,533 | +26.7% |
| Amounts receivable within one year | 40/41 | €13,381 | €14,975 | +€1,594 | +11.9% |
| Trade receivables | 40 | €10,696 | €10,672 | -€24 | -0.2% |
| Other amounts receivable | 41 | €2,685 | €4,303 | +€1,617 | +60.2% |
| Current investments | 50/53 | €91,884 | €128,562 | +€36,678 | +39.9% |
| Cash at bank and in hand | 54/58 | €7,028 | €938 | -€6,090 | -86.7% |
| Deferred charges and accrued income | 490/1 | €2,148 | €499 | -€1,649 | -76.8% |
| Total equity and liabilities | 10/49 | €120,431 | €166,374 | +€45,943 | +38.1% |
| Equity | 10/15 | €89,869 | €91,685 | +€1,816 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,769 | €85,485 | -€10,284 | -10.7% |
| Distributable reserves | 133 | €95,769 | €85,485 | -€10,284 | -10.7% |
| Profit (loss) carried forward | 14 | -€12,100 | €0 | +€12,100 | |
| Amounts payable | 17/49 | €30,562 | €74,689 | +€44,127 | +144.4% |
| Amounts payable within one year | 42/48 | €30,562 | €74,689 | +€44,127 | +144.4% |
| Financial debts | 43 | €90 | €0 | -€90 | -100.0% |
| Credit institutions | 430/8 | €90 | €0 | -€90 | -100.0% |
| Trade debts | 44 | €96 | €482 | +€386 | +404.3% |
| Suppliers | 440/4 | €96 | €482 | +€386 | +404.3% |
| Taxes, remuneration and social security | 45 | €6,642 | €10,793 | +€4,151 | +62.5% |
| Taxes | 450/3 | €6,642 | €10,793 | +€4,151 | +62.5% |
| Other amounts payable | 47/48 | €23,734 | €63,414 | +€39,680 | +167.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,138 | €4,209 | +€1,070 | +34.1% |
| Other operating charges | 640/8 | €1,114 | €1,116 | +€2 | +0.2% |
| Non-recurring operating charges | 66A | €301 | €0 | -€301 | -100.0% |
| Gross operating margin | 9900 | €27,410 | €72,761 | +€45,351 | +165.5% |
| Operating profit (loss) | 9901 | €22,857 | €67,437 | +€44,580 | +195.0% |
| Financial income | 75/76B | €415 | €452 | +€36 | +8.8% |
| Recurring financial income | 75 | €415 | €452 | +€36 | +8.8% |
| Financial charges | 65/66B | €171 | €168 | -€3 | -2.0% |
| Recurring financial charges | 65 | €171 | €168 | -€3 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €23,101 | €67,721 | +€44,620 | +193.1% |
| Income taxes | 67/77 | €460 | €20,875 | +€20,415 | +4438.9% |
| Profit (loss) for the period | 9904 | €22,642 | €46,846 | +€24,205 | +106.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,642 | €46,846 | +€24,205 | +106.9% |
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 3 October 2026 via checked.be.