FANTAIL: 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.
FANTAIL
Largest movements
- Receivables within one year -€240,405
down €240,405 (-84.8%), from €283,496 to €43,091
of which Other amounts receivable: -€245,586
- Intangible fixed assets -€132,724
down €132,724 (-12.7%), from €1.0m to €908,832
- Debts after one year -€937,404
down €937,404 (-68.9%), from €1.4m to €422,900
- Contributions +€745,000
up €745,000 (+292.2%), from €255,000 to €1.0m
- Profit (loss) carried forward -€440,806
down €440,806 (-128.2%), from -€343,892 to -€784,697
- Other debts +€94,566
new in 2025: €94,566
- Trade debts +€93,650
up €93,650 (+110.6%), from €84,642 to €178,292
- Staff costs +€241,687
new in 2025: €241,687
- Gross operating margin +€157,852
up €157,852, from -€104,613 to €53,239
- Financial charges +€99,967
up €99,967 (+507.2%), from €19,708 to €119,675
- Depreciation +€49,733
up €49,733 (+59.8%), from €83,215 to €132,948
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 | €1,369,001 | €998,987 | -€370,014 | -27.0% |
| Formation expenses | 20 | €224 | - | -€224 | |
| Fixed assets | 21/28 | €1,041,556 | €908,932 | -€132,624 | -12.7% |
| Intangible fixed assets | 21 | €1,041,556 | €908,832 | -€132,724 | -12.7% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €327,221 | €90,056 | -€237,166 | -72.5% |
| Amounts receivable within one year | 40/41 | €283,496 | €43,091 | -€240,405 | -84.8% |
| Trade receivables | 40 | €30,641 | €35,822 | +€5,181 | +16.9% |
| Other amounts receivable | 41 | €252,855 | €7,269 | -€245,586 | -97.1% |
| Cash at bank and in hand | 54/58 | €43,725 | €46,964 | +€3,239 | +7.4% |
| Total equity and liabilities | 10/49 | €1,369,001 | €998,987 | -€370,014 | -27.0% |
| Equity | 10/15 | -€88,892 | €215,303 | +€304,194 | |
| Contributions | 10/11 | €255,000 | €1,000,000 | +€745,000 | +292.2% |
| Profit (loss) carried forward | 14 | -€343,892 | -€784,697 | -€440,806 | -128.2% |
| Amounts payable | 17/49 | €1,457,893 | €783,685 | -€674,208 | -46.2% |
| Amounts payable after more than one year | 17 | €1,360,304 | €422,900 | -€937,404 | -68.9% |
| Financial debts | 170/4 | €1,360,304 | €422,900 | -€937,404 | -68.9% |
| Amounts payable within one year | 42/48 | €97,589 | €360,785 | +€263,196 | +269.7% |
| Trade debts | 44 | €84,642 | €178,292 | +€93,650 | +110.6% |
| Suppliers | 440/4 | €84,642 | €178,292 | +€93,650 | +110.6% |
| Taxes, remuneration and social security | 45 | €12,946 | €87,926 | +€74,980 | +579.2% |
| Taxes | 450/3 | €12,946 | €67,103 | +€54,156 | +418.3% |
| Remuneration and social security | 454/9 | - | €20,824 | +€20,824 | |
| Other amounts payable | 47/48 | - | €94,566 | +€94,566 | |
| Remuneration, social security and pensions | 62 | - | €241,687 | +€241,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,215 | €132,948 | +€49,733 | +59.8% |
| Other operating charges | 640/8 | €127 | €118 | -€8 | -6.6% |
| Gross operating margin | 9900 | -€104,613 | €53,239 | +€157,852 | |
| Operating profit (loss) | 9901 | -€187,955 | -€321,515 | -€133,560 | -71.1% |
| Financial income | 75/76B | - | €778 | +€778 | |
| Recurring financial income | 75 | - | €778 | +€778 | |
| Financial charges | 65/66B | €19,708 | €119,675 | +€99,967 | +507.2% |
| Recurring financial charges | 65 | €19,708 | €119,675 | +€99,967 | +507.2% |
| Profit (loss) for the period before taxes | 9903 | -€207,663 | -€440,412 | -€232,749 | -112.1% |
| Income taxes | 67/77 | - | €394 | +€394 | |
| Profit (loss) for the period | 9904 | -€207,663 | -€440,806 | -€233,143 | -112.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€207,663 | -€440,806 | -€233,143 | -112.3% |
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 4 October 2026 via checked.be.