FANVO: 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.
FANVO
Largest movements
- Current investments +€688,298
up €688,298 (+23,992%), from €2,869 to €691,167
- Cash -€679,959
down €679,959 (-79.1%), from €859,136 to €179,178
mainly Current investments (-€688,298) and Contributions, distributions and other (-€104,069)
- Reserves +€28,993
up €28,993 (+4.6%), from €626,467 to €655,460
- Gross operating margin -€16,240
down €16,240 (-6.8%), from €239,421 to €223,181
- Provisions -€7,500
new in 2025: -€7,500
- Financial income +€4,221
up €4,221 (+54.4%), from €7,761 to €11,982
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 | €1,988,051 | €1,979,398 | -€8,653 | -0.4% |
| Fixed assets | 21/28 | €1,122,149 | €1,103,598 | -€18,551 | -1.7% |
| Tangible fixed assets | 22/27 | €1,122,149 | €1,103,598 | -€18,551 | -1.7% |
| Land and buildings | 22 | €1,122,149 | €1,103,598 | -€18,551 | -1.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €865,901 | €875,800 | +€9,898 | +1.1% |
| Amounts receivable within one year | 40/41 | - | €1,231 | +€1,231 | |
| Other amounts receivable | 41 | - | €1,231 | +€1,231 | |
| Current investments | 50/53 | €2,869 | €691,167 | +€688,298 | +23,992% |
| Cash at bank and in hand | 54/58 | €859,136 | €179,178 | -€679,959 | -79.1% |
| Deferred charges and accrued income | 490/1 | €3,896 | €4,224 | +€328 | +8.4% |
| Total equity and liabilities | 10/49 | €1,988,051 | €1,979,398 | -€8,653 | -0.4% |
| Equity | 10/15 | €1,932,667 | €1,961,660 | +€28,993 | +1.5% |
| Contributions | 10/11 | €1,306,200 | €1,306,200 | = | 0.0% |
| Reserves | 13 | €626,467 | €655,460 | +€28,993 | +4.6% |
| Distributable reserves | 133 | €626,467 | €655,460 | +€28,993 | +4.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,500 | €0 | -€7,500 | -100% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €0 | -€7,500 | -100% |
| Major repairs and maintenance | 162 | €7,500 | €0 | -€7,500 | -100% |
| Amounts payable | 17/49 | €47,884 | €17,738 | -€30,146 | -63.0% |
| Amounts payable within one year | 42/48 | €28,198 | €17,738 | -€10,459 | -37.1% |
| Trade debts | 44 | €3,616 | €4,179 | +€564 | +15.6% |
| Suppliers | 440/4 | €3,616 | €4,179 | +€564 | +15.6% |
| Taxes, remuneration and social security | 45 | €11,023 | €0 | -€11,023 | -100% |
| Taxes | 450/3 | €11,023 | €0 | -€11,023 | -100% |
| Other amounts payable | 47/48 | €13,559 | €13,559 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €19,686 | €0 | -€19,686 | -100% |
| Non-recurring operating income | 76A | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,473 | €36,221 | -€2,252 | -5.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€7,500 | -€7,500 | |
| Other operating charges | 640/8 | €10,892 | €11,284 | +€392 | +3.6% |
| Gross operating margin | 9900 | €239,421 | €223,181 | -€16,240 | -6.8% |
| Operating profit (loss) | 9901 | €190,056 | €183,176 | -€6,880 | -3.6% |
| Financial income | 75/76B | €7,761 | €11,982 | +€4,221 | +54.4% |
| Recurring financial income | 75 | €7,761 | €11,982 | +€4,221 | +54.4% |
| Financial charges | 65/66B | €50 | €0 | -€50 | -99.4% |
| Recurring financial charges | 65 | €50 | €0 | -€50 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €197,767 | €195,157 | -€2,609 | -1.3% |
| Income taxes | 67/77 | €62,490 | €62,096 | -€395 | -0.6% |
| Profit (loss) for the period | 9904 | €135,276 | €133,062 | -€2,214 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €135,276 | €133,062 | -€2,214 | -1.6% |
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 15 October 2026 via checked.be.