FANOS: 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.
FANOS
Largest movements
- Receivables within one year -€77,371
down €77,371 (-57.5%), from €134,475 to €57,104
of which Other amounts receivable: -€76,655
- Cash +€7,294
up €7,294 (+106.0%), from €6,878 to €14,172
mainly Receivables within one year (+€77,371) and Depreciation (+€3,058)
- Tangible fixed assets -€3,058
down €3,058 (-58.2%), from €5,256 to €2,197
- Deferred charges and accrued income -€2,858
no longer reported in 2025 (was €2,858)
- Trade debts -€48,813
down €48,813 (-80.3%), from €60,814 to €12,002
- Tax, wage and social debts -€12,213
down €12,213 (-96.8%), from €12,612 to €399
- Other debts -€9,543
no longer reported in 2025 (was €9,543)
- Profit (loss) carried forward -€5,425
down €5,425 (-32.9%), from €16,497 to €11,072
- Gross operating margin -€71,185
down €71,185, from €69,589 to -€1,597
- Taxes -€12,213
down €12,213 (-96.8%), from €12,612 to €399
- Depreciation +€2,197
up €2,197 (+255.3%), from €861 to €3,058
- Other operating charges -€945
down €945 (-85.5%), from €1,106 to €161
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 | €149,466 | €73,473 | -€75,993 | -50.8% |
| Fixed assets | 21/28 | €5,256 | €2,197 | -€3,058 | -58.2% |
| Tangible fixed assets | 22/27 | €5,256 | €2,197 | -€3,058 | -58.2% |
| Furniture and vehicles | 24 | €5,256 | €2,197 | -€3,058 | -58.2% |
| Current assets | 29/58 | €144,211 | €71,276 | -€72,935 | -50.6% |
| Amounts receivable within one year | 40/41 | €134,475 | €57,104 | -€77,371 | -57.5% |
| Trade receivables | 40 | €57,532 | €56,817 | -€716 | -1.2% |
| Other amounts receivable | 41 | €76,942 | €288 | -€76,655 | -99.6% |
| Cash at bank and in hand | 54/58 | €6,878 | €14,172 | +€7,294 | +106.0% |
| Deferred charges and accrued income | 490/1 | €2,858 | - | -€2,858 | |
| Total equity and liabilities | 10/49 | €149,466 | €73,473 | -€75,993 | -50.8% |
| Equity | 10/15 | €66,497 | €61,072 | -€5,425 | -8.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,497 | €11,072 | -€5,425 | -32.9% |
| Amounts payable | 17/49 | €82,969 | €12,401 | -€70,568 | -85.1% |
| Amounts payable within one year | 42/48 | €82,969 | €12,401 | -€70,568 | -85.1% |
| Trade debts | 44 | €60,814 | €12,002 | -€48,813 | -80.3% |
| Suppliers | 440/4 | €60,814 | €12,002 | -€48,813 | -80.3% |
| Taxes, remuneration and social security | 45 | €12,612 | €399 | -€12,213 | -96.8% |
| Taxes | 450/3 | €12,612 | €399 | -€12,213 | -96.8% |
| Other amounts payable | 47/48 | €9,543 | - | -€9,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €3,058 | +€2,197 | +255.3% |
| Other operating charges | 640/8 | €1,106 | €161 | -€945 | -85.5% |
| Non-recurring operating charges | 66A | €1,728 | - | -€1,728 | |
| Gross operating margin | 9900 | €69,589 | -€1,597 | -€71,185 | |
| Operating profit (loss) | 9901 | €65,894 | -€4,815 | -€70,710 | |
| Financial income | 75/76B | €35 | €5 | -€30 | -85.7% |
| Recurring financial income | 75 | €35 | €5 | -€30 | -85.7% |
| Financial charges | 65/66B | €210 | €216 | +€6 | +2.7% |
| Recurring financial charges | 65 | €210 | €216 | +€6 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €65,719 | -€5,026 | -€70,745 | |
| Income taxes | 67/77 | €12,612 | €399 | -€12,213 | -96.8% |
| Profit (loss) for the period | 9904 | €53,108 | -€5,425 | -€58,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,108 | -€5,425 | -€58,533 |
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 11 October 2026 via checked.be.