FANOS: 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.
FANOS
Largest movements
- Tangible fixed assets +€58,371
up €58,371 (+11577.6%), from €504 to €58,875
of which Plant, machinery and equipment: +€46,913
- Receivables within one year +€17,953
up €17,953 (+50.2%), from €35,759 to €53,712
of which Trade receivables: +€19,375
- Deferred charges and accrued income +€4,405
up €4,405 (+303.2%), from €1,453 to €5,858
- Debts after one year +€43,115
new in 2025: €43,115
- Trade debts +€34,736
up €34,736 (+176.2%), from €19,717 to €54,453
- Reserves +€12,964
up €12,964 (+72.8%), from €17,809 to €30,773
- Tax, wage and social debts -€6,594
down €6,594 (-69.7%), from €9,456 to €2,862
of which Taxes: -€4,094
- Other debts -€5,650
no longer reported in 2025 (was €5,650)
- Gross operating margin -€8,727
down €8,727 (-28.5%), from €30,595 to €21,868
- Depreciation +€3,319
up €3,319 (+557.1%), from €596 to €3,915
- Taxes -€1,844
down €1,844 (-39.2%), from €4,706 to €2,862
- Financial charges +€983
up €983 (+1435.3%), from €69 to €1,052
- Staff costs -€806
down €806 (-66.6%), from €1,211 to €405
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 | €55,633 | €136,855 | +€81,222 | +146.0% |
| Fixed assets | 21/28 | €504 | €59,424 | +€58,920 | +11686.6% |
| Tangible fixed assets | 22/27 | €504 | €58,875 | +€58,371 | +11577.6% |
| Plant, machinery and equipment | 23 | €504 | €47,417 | +€46,913 | +9305.0% |
| Furniture and vehicles | 24 | - | €11,458 | +€11,458 | |
| Financial fixed assets | 28 | - | €550 | +€550 | |
| Current assets | 29/58 | €55,129 | €77,430 | +€22,302 | +40.5% |
| Amounts receivable within one year | 40/41 | €35,759 | €53,712 | +€17,953 | +50.2% |
| Trade receivables | 40 | €30,070 | €49,445 | +€19,375 | +64.4% |
| Other amounts receivable | 41 | €5,689 | €4,267 | -€1,422 | -25.0% |
| Cash at bank and in hand | 54/58 | €17,916 | €17,860 | -€57 | -0.3% |
| Deferred charges and accrued income | 490/1 | €1,453 | €5,858 | +€4,405 | +303.2% |
| Total equity and liabilities | 10/49 | €55,633 | €136,855 | +€81,222 | +146.0% |
| Equity | 10/15 | €20,809 | €33,773 | +€12,964 | +62.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,809 | €30,773 | +€12,964 | +72.8% |
| Distributable reserves | 133 | €17,809 | €30,773 | +€12,964 | +72.8% |
| Amounts payable | 17/49 | €34,824 | €103,082 | +€68,258 | +196.0% |
| Amounts payable after more than one year | 17 | - | €43,115 | +€43,115 | |
| Financial debts | 170/4 | - | €43,115 | +€43,115 | |
| Amounts payable within one year | 42/48 | €34,824 | €59,967 | +€25,143 | +72.2% |
| Financial debts | 43 | - | €2,651 | +€2,651 | |
| Other loans | 439 | - | €2,651 | +€2,651 | |
| Trade debts | 44 | €19,717 | €54,453 | +€34,736 | +176.2% |
| Suppliers | 440/4 | €19,717 | €54,453 | +€34,736 | +176.2% |
| Taxes, remuneration and social security | 45 | €9,456 | €2,862 | -€6,594 | -69.7% |
| Taxes | 450/3 | €6,956 | €2,862 | -€4,094 | -58.9% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €5,650 | - | -€5,650 | |
| Remuneration, social security and pensions | 62 | €1,211 | €405 | -€806 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €596 | €3,915 | +€3,319 | +557.1% |
| Other operating charges | 640/8 | €554 | €678 | +€125 | +22.5% |
| Gross operating margin | 9900 | €30,595 | €21,868 | -€8,727 | -28.5% |
| Operating profit (loss) | 9901 | €28,234 | €16,869 | -€11,365 | -40.3% |
| Financial income | 75/76B | €0 | €9 | +€9 | +89600.0% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +89600.0% |
| Financial charges | 65/66B | €69 | €1,052 | +€983 | +1435.3% |
| Recurring financial charges | 65 | €69 | €1,052 | +€983 | +1435.3% |
| Profit (loss) for the period before taxes | 9903 | €28,165 | €15,826 | -€12,339 | -43.8% |
| Income taxes | 67/77 | €4,706 | €2,862 | -€1,844 | -39.2% |
| Profit (loss) for the period | 9904 | €23,459 | €12,964 | -€10,495 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,459 | €12,964 | -€10,495 | -44.7% |
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.