FANNY'S: 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'S
Largest movements
- Tangible fixed assets -€7,400
down €7,400 (-22.4%), from €33,048 to €25,648
- Debts after one year -€12,574
down €12,574 (-66.0%), from €19,052 to €6,477
- Trade debts +€5,213
up €5,213 (+42.5%), from €12,263 to €17,475
- Tax, wage and social debts -€3,323
down €3,323 (-45.4%), from €7,322 to €3,999
of which Taxes: -€4,432
- Gross operating margin +€13,573
up €13,573 (+51.0%), from €26,592 to €40,165
- Depreciation +€3,448
up €3,448 (+87.3%), from €3,952 to €7,400
- Staff costs -€2,974
down €2,974 (-9.7%), from €30,775 to €27,801
- Other operating charges +€2,038
up €2,038 (+500.2%), from €407 to €2,445
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 | €285,224 | €274,973 | -€10,250 | -3.6% |
| Fixed assets | 21/28 | €278,048 | €270,648 | -€7,400 | -2.7% |
| Tangible fixed assets | 22/27 | €33,048 | €25,648 | -€7,400 | -22.4% |
| Furniture and vehicles | 24 | €33,048 | €25,648 | -€7,400 | -22.4% |
| Financial fixed assets | 28 | €245,000 | €245,000 | = | 0.0% |
| Current assets | 29/58 | €7,175 | €4,325 | -€2,850 | -39.7% |
| Amounts receivable within one year | 40/41 | €4,945 | €2,373 | -€2,572 | -52.0% |
| Trade receivables | 40 | €3,630 | €2,354 | -€1,276 | -35.1% |
| Other amounts receivable | 41 | €1,315 | €18 | -€1,296 | -98.6% |
| Cash at bank and in hand | 54/58 | €2,027 | €1,684 | -€343 | -16.9% |
| Deferred charges and accrued income | 490/1 | €203 | €268 | +€65 | +31.8% |
| Total equity and liabilities | 10/49 | €285,224 | €274,973 | -€10,250 | -3.6% |
| Equity | 10/15 | €213,495 | €214,780 | +€1,285 | +0.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €194,945 | €196,230 | +€1,285 | +0.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €176,445 | €177,730 | +€1,285 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €71,728 | €60,193 | -€11,535 | -16.1% |
| Amounts payable after more than one year | 17 | €19,052 | €6,477 | -€12,574 | -66.0% |
| Financial debts | 170/4 | €19,052 | €6,477 | -€12,574 | -66.0% |
| Amounts payable within one year | 42/48 | €52,677 | €53,716 | +€1,039 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €12,084 | €12,574 | +€490 | +4.1% |
| Financial debts | 43 | - | €1,399 | +€1,399 | |
| Credit institutions | 430/8 | - | €1,399 | +€1,399 | |
| Trade debts | 44 | €12,263 | €17,475 | +€5,213 | +42.5% |
| Suppliers | 440/4 | €12,263 | €17,475 | +€5,213 | +42.5% |
| Taxes, remuneration and social security | 45 | €7,322 | €3,999 | -€3,323 | -45.4% |
| Taxes | 450/3 | €4,744 | €312 | -€4,432 | -93.4% |
| Remuneration and social security | 454/9 | €2,578 | €3,687 | +€1,109 | +43.0% |
| Other amounts payable | 47/48 | €21,007 | €18,268 | -€2,739 | -13.0% |
| Remuneration, social security and pensions | 62 | €30,775 | €27,801 | -€2,974 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,952 | €7,400 | +€3,448 | +87.3% |
| Other operating charges | 640/8 | €407 | €2,445 | +€2,038 | +500.2% |
| Gross operating margin | 9900 | €26,592 | €40,165 | +€13,573 | +51.0% |
| Operating profit (loss) | 9901 | -€8,542 | €2,520 | +€11,062 | |
| Financial income | 75/76B | €13 | €139 | +€126 | +972.5% |
| Recurring financial income | 75 | €13 | €139 | +€126 | +972.5% |
| Financial charges | 65/66B | €1,670 | €1,374 | -€297 | -17.8% |
| Recurring financial charges | 65 | €1,670 | €1,374 | -€297 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,200 | €1,285 | +€11,484 | |
| Profit (loss) for the period | 9904 | -€10,200 | €1,285 | +€11,484 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,200 | €1,285 | +€11,484 |
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 8 October 2026 via checked.be.