FANTINOL: 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.
FANTINOL
Largest movements
- Stocks and contracts -€5,915
down €5,915 (-51.4%), from €11,507 to €5,591
- Cash +€4,496
up €4,496 (+11.6%), from €38,630 to €43,126
mainly Depreciation (+€21,108) and Net result for the year (+€16,257)
- Deferred charges and accrued income +€3,844
up €3,844 (+303%), from €1,268 to €5,112
- Receivables within one year +€2,997
up €2,997 (+80.0%), from €3,748 to €6,745
of which Other amounts receivable: +€2,389
- Debts after one year -€16,646
down €16,646 (-43.5%), from €38,244 to €21,598
- Reserves +€16,296
up €16,296 (+16.7%), from €97,314 to €113,611
of which Distributable reserves: +€16,296
- Trade debts +€11,472
up €11,472 (+349%), from €3,285 to €14,757
- Other debts -€6,486
down €6,486 (-100%), from €6,486 to €0
- Gross operating margin -€37,322
down €37,322 (-33.8%), from €110,505 to €73,183
- Staff costs -€22,731
down €22,731 (-56.8%), from €40,037 to €17,306
- Depreciation +€4,404
up €4,404 (+26.4%), from €16,704 to €21,108
- Taxes -€4,116
down €4,116 (-26.1%), from €15,782 to €11,666
- Financial charges +€1,709
up €1,709 (+48.6%), from €3,515 to €5,225
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.
Derived cash bridge
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 | €226,772 | €231,762 | +€4,991 | +2.2% |
| Fixed assets | 21/28 | €126,619 | €126,187 | -€432 | -0.3% |
| Tangible fixed assets | 22/27 | €125,794 | €125,362 | -€432 | -0.3% |
| Land and buildings | 22 | €8,043 | €6,058 | -€1,986 | -24.7% |
| Plant, machinery and equipment | 23 | €5,907 | €2,905 | -€3,002 | -50.8% |
| Furniture and vehicles | 24 | €111,844 | €97,923 | -€13,921 | -12.4% |
| Other tangible fixed assets | 26 | - | €18,477 | +€18,477 | |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €100,152 | €105,575 | +€5,423 | +5.4% |
| Amounts receivable after more than one year | 29 | €45,000 | €45,000 | = | 0.0% |
| Other amounts receivable | 291 | €45,000 | €45,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €11,507 | €5,591 | -€5,915 | -51.4% |
| Stocks | 30/36 | €11,507 | €5,591 | -€5,915 | -51.4% |
| Amounts receivable within one year | 40/41 | €3,748 | €6,745 | +€2,997 | +80.0% |
| Trade receivables | 40 | - | €609 | +€609 | |
| Other amounts receivable | 41 | €3,748 | €6,137 | +€2,389 | +63.7% |
| Cash at bank and in hand | 54/58 | €38,630 | €43,126 | +€4,496 | +11.6% |
| Deferred charges and accrued income | 490/1 | €1,268 | €5,112 | +€3,844 | +303% |
| Total equity and liabilities | 10/49 | €226,772 | €231,762 | +€4,991 | +2.2% |
| Equity | 10/15 | €147,411 | €163,668 | +€16,257 | +11.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €97,314 | €113,611 | +€16,296 | +16.7% |
| Tax-exempt reserves | 132 | €2,750 | €2,750 | = | 0.0% |
| Distributable reserves | 133 | €94,564 | €110,861 | +€16,296 | +17.2% |
| Profit (loss) carried forward | 14 | €96 | €57 | -€39 | -40.2% |
| Amounts payable | 17/49 | €79,361 | €68,094 | -€11,267 | -14.2% |
| Amounts payable after more than one year | 17 | €38,244 | €21,598 | -€16,646 | -43.5% |
| Financial debts | 170/4 | €38,244 | €21,598 | -€16,646 | -43.5% |
| Amounts payable within one year | 42/48 | €36,836 | €44,278 | +€7,442 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €17,771 | €19,178 | +€1,407 | +7.9% |
| Trade debts | 44 | €3,285 | €14,757 | +€11,472 | +349% |
| Suppliers | 440/4 | €3,285 | €14,757 | +€11,472 | +349% |
| Taxes, remuneration and social security | 45 | €9,294 | €10,343 | +€1,050 | +11.3% |
| Taxes | 450/3 | €2,379 | €3,367 | +€987 | +41.5% |
| Remuneration and social security | 454/9 | €6,914 | €6,977 | +€63 | +0.9% |
| Other amounts payable | 47/48 | €6,486 | €0 | -€6,486 | -100% |
| Accrued charges and deferred income | 492/3 | €4,281 | €2,219 | -€2,063 | -48.2% |
| Remuneration, social security and pensions | 62 | €40,037 | €17,306 | -€22,731 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,704 | €21,108 | +€4,404 | +26.4% |
| Other operating charges | 640/8 | €1,820 | €2,945 | +€1,124 | +61.8% |
| Gross operating margin | 9900 | €110,505 | €73,183 | -€37,322 | -33.8% |
| Operating profit (loss) | 9901 | €51,944 | €31,825 | -€20,119 | -38.7% |
| Financial income | 75/76B | €1,191 | €1,324 | +€133 | +11.2% |
| Recurring financial income | 75 | €1,191 | €1,324 | +€133 | +11.2% |
| Financial charges | 65/66B | €3,515 | €5,225 | +€1,709 | +48.6% |
| Recurring financial charges | 65 | €3,515 | €5,225 | +€1,709 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €49,619 | €27,924 | -€21,695 | -43.7% |
| Income taxes | 67/77 | €15,782 | €11,666 | -€4,116 | -26.1% |
| Profit (loss) for the period | 9904 | €33,837 | €16,257 | -€17,579 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,837 | €16,257 | -€17,579 | -52.0% |
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 22 October 2026 via checked.be.