FANNY OR: 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.
FANNY OR
Largest movements
- Cash +€313,896
up €313,896 (+206.6%), from €151,967 to €465,863
mainly Net result for the year (+€218,395) and Trade debts (+€107,030)
- Receivables within one year +€23,822
up €23,822 (+669.2%), from €3,560 to €27,382
- Tangible fixed assets +€7,535
up €7,535 (+117.2%), from €6,430 to €13,965
of which Plant, machinery and equipment: +€4,332
- Trade debts +€107,030
up €107,030 (+987.5%), from €10,838 to €117,868
- Other debts +€88,861
up €88,861 (+555.6%), from €15,994 to €104,856
- Reserves +€88,000
up €88,000 (+94.1%), from €93,500 to €181,500
- Advances received +€31,350
new in 2025: €31,350
- Tax, wage and social debts +€29,618
up €29,618 (+1014.8%), from €2,919 to €32,537
of which Taxes: +€28,772
- Gross operating margin +€254,652
up €254,652 (+361.4%), from €70,472 to €325,124
- Taxes +€53,741
up €53,741 (+369.7%), from €14,536 to €68,277
- Staff costs +€22,144
up €22,144 (+289.8%), from €7,642 to €29,785
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 | €161,957 | €507,210 | +€345,253 | +213.2% |
| Fixed assets | 21/28 | €6,430 | €13,965 | +€7,535 | +117.2% |
| Tangible fixed assets | 22/27 | €6,430 | €13,965 | +€7,535 | +117.2% |
| Plant, machinery and equipment | 23 | €5,846 | €10,178 | +€4,332 | +74.1% |
| Furniture and vehicles | 24 | €584 | €3,787 | +€3,203 | +548.3% |
| Current assets | 29/58 | €155,527 | €493,246 | +€337,719 | +217.1% |
| Amounts receivable within one year | 40/41 | €3,560 | €27,382 | +€23,822 | +669.2% |
| Other amounts receivable | 41 | €3,560 | €27,382 | +€23,822 | +669.2% |
| Cash at bank and in hand | 54/58 | €151,967 | €465,863 | +€313,896 | +206.6% |
| Total equity and liabilities | 10/49 | €161,957 | €507,210 | +€345,253 | +213.2% |
| Equity | 10/15 | €132,206 | €220,600 | +€88,395 | +66.9% |
| Contributions | 10/11 | €14,012 | €14,012 | = | 0.0% |
| Reserves | 13 | €93,500 | €181,500 | +€88,000 | +94.1% |
| Distributable reserves | 133 | €93,500 | €181,500 | +€88,000 | +94.1% |
| Profit (loss) carried forward | 14 | €24,694 | €25,088 | +€395 | +1.6% |
| Amounts payable | 17/49 | €29,751 | €286,610 | +€256,859 | +863.4% |
| Amounts payable within one year | 42/48 | €29,751 | €286,610 | +€256,859 | +863.4% |
| Trade debts | 44 | €10,838 | €117,868 | +€107,030 | +987.5% |
| Suppliers | 440/4 | €10,838 | €117,868 | +€107,030 | +987.5% |
| Advances received on contracts in progress | 46 | - | €31,350 | +€31,350 | |
| Taxes, remuneration and social security | 45 | €2,919 | €32,537 | +€29,618 | +1014.8% |
| Taxes | 450/3 | €1,228 | €30,000 | +€28,772 | +2342.6% |
| Remuneration and social security | 454/9 | €1,690 | €2,537 | +€846 | +50.1% |
| Other amounts payable | 47/48 | €15,994 | €104,856 | +€88,861 | +555.6% |
| Remuneration, social security and pensions | 62 | €7,642 | €29,785 | +€22,144 | +289.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,041 | €5,591 | +€1,550 | +38.4% |
| Other operating charges | 640/8 | €3,939 | €1,999 | -€1,940 | -49.2% |
| Non-recurring operating charges | 66A | €112 | - | -€112 | |
| Gross operating margin | 9900 | €70,472 | €325,124 | +€254,652 | +361.4% |
| Operating profit (loss) | 9901 | €54,738 | €287,748 | +€233,011 | +425.7% |
| Financial charges | 65/66B | €2,110 | €1,077 | -€1,033 | -49.0% |
| Recurring financial charges | 65 | €2,110 | €1,077 | -€1,033 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €52,628 | €286,671 | +€234,043 | +444.7% |
| Income taxes | 67/77 | €14,536 | €68,277 | +€53,741 | +369.7% |
| Profit (loss) for the period | 9904 | €38,092 | €218,395 | +€180,303 | +473.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,092 | €218,395 | +€180,303 | +473.3% |
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 5 October 2026 via checked.be.