FANSON: what changed
What changed
FANSON
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€251,021
2024 · €10,381-€261,403
Equity
-€700,705
2024 · -€449,684-€251,021
Cash
€53,088
2024 · €38,259+€14,830
Balance sheet total
€2.0m
2024 · €2.0m+€49,564
Largest movements
Assets
- Tangible fixed assets +€74,426
up €74,426 (+4.4%), from €1.7m to €1.7m
of which Land and buildings: +€82,799
- Deferred charges and accrued income -€50,000
no longer reported in 2025 (was €50,000)
Equity and liabilities
- Other debts +€286,050
up €286,050 (+39.7%), from €719,792 to €1.0m
- Profit (loss) carried forward -€251,021
down €251,021 (-48.5%), from -€517,855 to -€768,876
Income statement
- Gross operating margin -€245,399
down €245,399, from €161,820 to -€83,579
- Other operating charges +€21,862
up €21,862 (+120%), from €18,203 to €40,065
- Financial charges -€17,288
down €17,288 (-68.6%), from €25,201 to €7,913
- Staff costs +€15,401
up €15,401 (+1,996%), from €772 to €16,173
- Financial income -€10,114
no longer reported in 2025 (was €10,114)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,381
Gross operating margin
-€245,399
Staff costs
-€15,401
Depreciation
+€7,749
Other operating charges
-€21,862
Other operating items
+€11,465
Financial income
-€10,114
Financial charges
+€17,288
Taxes
-€5,128
Result 2025
-€251,021
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€175,062
Investment
-€160,232
Financing
€0
Cash 2024
€38,259
From operations (derived)
+€175,062
Net result for the year
-€251,021
Depreciation
+€85,807
Receivables within one year
-€10,309
Deferred charges and accrued income
+€50,000
Smaller working-capital items
+€457
Tax, wage and social debts
+€14,079
Other debts
+€286,050
Investment (derived)
-€160,232
Investment in fixed assets (net)
-€160,232
Cash 2025
€53,088
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,975,620 | €2,025,185 | +€49,564 | +2.5% |
| Fixed assets | 21/28 | €1,672,861 | €1,747,287 | +€74,426 | +4.4% |
| Tangible fixed assets | 22/27 | €1,672,861 | €1,747,287 | +€74,426 | +4.4% |
| Land and buildings | 22 | €1,612,545 | €1,695,344 | +€82,799 | +5.1% |
| Plant, machinery and equipment | 23 | €41,739 | €36,090 | -€5,649 | -13.5% |
| Furniture and vehicles | 24 | €10,713 | €7,989 | -€2,725 | -25.4% |
| Assets under construction and advance payments | 27 | €7,864 | €7,864 | = | 0.0% |
| Current assets | 29/58 | €302,759 | €277,898 | -€24,861 | -8.2% |
| Amounts receivable within one year | 40/41 | €214,500 | €224,809 | +€10,309 | +4.8% |
| Trade receivables | 40 | €7,544 | €7,544 | = | 0.0% |
| Other amounts receivable | 41 | €206,956 | €217,265 | +€10,309 | +5.0% |
| Cash at bank and in hand | 54/58 | €38,259 | €53,088 | +€14,830 | +38.8% |
| Deferred charges and accrued income | 490/1 | €50,000 | - | -€50,000 | |
| Total equity and liabilities | 10/49 | €1,975,620 | €2,025,185 | +€49,564 | +2.5% |
| Equity | 10/15 | -€449,684 | -€700,705 | -€251,021 | -55.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€517,855 | -€768,876 | -€251,021 | -48.5% |
| Amounts payable | 17/49 | €2,425,304 | €2,725,890 | +€300,586 | +12.4% |
| Amounts payable after more than one year | 17 | €1,690,651 | €1,690,651 | = | 0.0% |
| Other amounts payable | 178/9 | €1,690,651 | €1,690,651 | = | 0.0% |
| Amounts payable within one year | 42/48 | €734,592 | €1,035,239 | +€300,647 | +40.9% |
| Trade debts | 44 | €1,403 | €1,921 | +€518 | +36.9% |
| Suppliers | 440/4 | €1,403 | €1,921 | +€518 | +36.9% |
| Taxes, remuneration and social security | 45 | €13,397 | €27,476 | +€14,079 | +105% |
| Taxes | 450/3 | €13,397 | €18,217 | +€4,820 | +36.0% |
| Remuneration and social security | 454/9 | - | €9,259 | +€9,259 | |
| Other amounts payable | 47/48 | €719,792 | €1,005,842 | +€286,050 | +39.7% |
| Accrued charges and deferred income | 492/3 | €61 | - | -€61 | |
| Remuneration, social security and pensions | 62 | €772 | €16,173 | +€15,401 | +1,996% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,555 | €85,807 | -€7,749 | -8.3% |
| Other operating charges | 640/8 | €18,203 | €40,065 | +€21,862 | +120% |
| Non-recurring operating charges | 66A | €11,815 | €350 | -€11,465 | -97.0% |
| Gross operating margin | 9900 | €161,820 | -€83,579 | -€245,399 | |
| Operating profit (loss) | 9901 | €37,475 | -€225,973 | -€263,448 | |
| Financial income | 75/76B | €10,114 | - | -€10,114 | |
| Recurring financial income | 75 | €10,114 | - | -€10,114 | |
| Financial charges | 65/66B | €25,201 | €7,913 | -€17,288 | -68.6% |
| Recurring financial charges | 65 | €25,201 | €7,913 | -€17,288 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | €22,388 | -€233,886 | -€256,275 | |
| Income taxes | 67/77 | €12,007 | €17,135 | +€5,128 | +42.7% |
| Profit (loss) for the period | 9904 | €10,381 | -€251,021 | -€261,403 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,381 | -€251,021 | -€261,403 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.