FANNY BRUNIN: 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.
FANNY BRUNIN
Largest movements
- Receivables after one year -€63,246
down €63,246 (-19.6%), from €322,061 to €258,814
- Tangible fixed assets +€32,143
up €32,143 (+69.3%), from €46,413 to €78,556
of which Plant, machinery and equipment: +€34,148
- Cash +€14,198
up €14,198 (+11.7%), from €120,965 to €135,163
mainly Other debts (+€116,199) and Net result for the year (+€75,140)
- Receivables within one year -€5,472
down €5,472 (-50.6%), from €10,810 to €5,339
- Reserves -€142,734
down €142,734 (-41.0%), from €348,150 to €205,417
of which Distributable reserves: -€142,734
- Other debts +€116,199
up €116,199 (+148.3%), from €78,375 to €194,574
- Debts after one year -€15,274
down €15,274 (-79.8%), from €19,152 to €3,878
- Profit (loss) carried forward +€9,773
up €9,773 (+55.4%), from €17,648 to €27,421
- Staff costs +€15,453
up €15,453 (+46.5%), from €33,232 to €48,685
- Gross operating margin -€6,365
down €6,365 (-3.5%), from €184,311 to €177,946
- Taxes -€5,960
down €5,960 (-16.6%), from €35,845 to €29,885
- Depreciation +€4,966
up €4,966 (+35.1%), from €14,142 to €19,108
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 | €503,747 | €480,189 | -€23,558 | -4.7% |
| Fixed assets | 21/28 | €47,490 | €79,488 | +€31,998 | +67.4% |
| Intangible fixed assets | 21 | €1,077 | €932 | -€145 | -13.5% |
| Tangible fixed assets | 22/27 | €46,413 | €78,556 | +€32,143 | +69.3% |
| Land and buildings | 22 | €1,037 | - | -€1,037 | |
| Plant, machinery and equipment | 23 | €34,398 | €68,546 | +€34,148 | +99.3% |
| Furniture and vehicles | 24 | €10,978 | €10,010 | -€968 | -8.8% |
| Current assets | 29/58 | €456,257 | €400,702 | -€55,556 | -12.2% |
| Amounts receivable after more than one year | 29 | €322,061 | €258,814 | -€63,246 | -19.6% |
| Other amounts receivable | 291 | €322,061 | €258,814 | -€63,246 | -19.6% |
| Amounts receivable within one year | 40/41 | €10,810 | €5,339 | -€5,472 | -50.6% |
| Other amounts receivable | 41 | €10,810 | €5,339 | -€5,472 | -50.6% |
| Cash at bank and in hand | 54/58 | €120,965 | €135,163 | +€14,198 | +11.7% |
| Deferred charges and accrued income | 490/1 | €2,421 | €1,385 | -€1,036 | -42.8% |
| Total equity and liabilities | 10/49 | €503,747 | €480,189 | -€23,558 | -4.7% |
| Equity | 10/15 | €366,298 | €233,337 | -€132,960 | -36.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €348,150 | €205,417 | -€142,734 | -41.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €348,100 | €205,367 | -€142,734 | -41.0% |
| Profit (loss) carried forward | 14 | €17,648 | €27,421 | +€9,773 | +55.4% |
| Amounts payable | 17/49 | €137,449 | €246,852 | +€109,403 | +79.6% |
| Amounts payable after more than one year | 17 | €19,152 | €3,878 | -€15,274 | -79.8% |
| Financial debts | 170/4 | €19,152 | €3,878 | -€15,274 | -79.8% |
| Amounts payable within one year | 42/48 | €118,297 | €242,974 | +€124,677 | +105.4% |
| Current portion of amounts payable after more than one year | 42 | €14,900 | €18,191 | +€3,290 | +22.1% |
| Trade debts | 44 | €415 | €2,025 | +€1,610 | +387.8% |
| Suppliers | 440/4 | €415 | €2,025 | +€1,610 | +387.8% |
| Taxes, remuneration and social security | 45 | €24,607 | €28,184 | +€3,578 | +14.5% |
| Taxes | 450/3 | €17,844 | €18,152 | +€308 | +1.7% |
| Remuneration and social security | 454/9 | €6,763 | €10,033 | +€3,270 | +48.3% |
| Other amounts payable | 47/48 | €78,375 | €194,574 | +€116,199 | +148.3% |
| Remuneration, social security and pensions | 62 | €33,232 | €48,685 | +€15,453 | +46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,142 | €19,108 | +€4,966 | +35.1% |
| Other operating charges | 640/8 | €423 | €764 | +€341 | +80.5% |
| Gross operating margin | 9900 | €184,311 | €177,946 | -€6,365 | -3.5% |
| Operating profit (loss) | 9901 | €136,514 | €109,389 | -€27,125 | -19.9% |
| Financial income | 75/76B | €92 | €747 | +€655 | +711.2% |
| Recurring financial income | 75 | €92 | €747 | +€655 | +711.2% |
| Financial charges | 65/66B | €6,212 | €5,111 | -€1,101 | -17.7% |
| Recurring financial charges | 65 | €6,212 | €5,111 | -€1,101 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €130,394 | €105,025 | -€25,369 | -19.5% |
| Income taxes | 67/77 | €35,845 | €29,885 | -€5,960 | -16.6% |
| Profit (loss) for the period | 9904 | €94,549 | €75,140 | -€19,409 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €94,549 | €75,140 | -€19,409 | -20.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.