FARDAN: 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.
FARDAN
Largest movements
- Receivables within one year -€49,001
down €49,001 (-90.2%), from €54,353 to €5,351
of which Trade receivables: -€52,287
- Tangible fixed assets -€44,305
down €44,305 (-9.7%), from €457,589 to €413,284
- Cash +€32,120
up €32,120 (+104%), from €30,804 to €62,924
mainly Depreciation (+€52,905) and Receivables within one year (+€49,001)
- Trade debts -€54,124
down €54,124 (-85.8%), from €63,088 to €8,965
- Debts after one year -€38,345
down €38,345 (-11.9%), from €322,602 to €284,257
- Profit (loss) carried forward +€30,896
up €30,896 (+89.4%), from €34,545 to €65,441
- Other debts -€13,868
down €13,868 (-32.2%), from €43,043 to €29,176
- Tax, wage and social debts +€12,236
up €12,236 (+42.0%), from €29,163 to €41,399
of which Remuneration and social security: +€6,314
- Gross operating margin +€40,042
up €40,042 (+28.9%), from €138,711 to €178,753
- Staff costs +€21,213
up €21,213 (+49.9%), from €42,504 to €63,717
- Taxes +€12,058
up €12,058 (+3,941%), from €306 to €12,364
- Financial income -€9,572
down €9,572 (-99.9%), from €9,584 to €12
of which Non-recurring financial income: -€9,575
- Other operating charges -€4,488
down €4,488 (-38.2%), from €11,737 to €7,249
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 | €594,984 | €531,638 | -€63,346 | -10.6% |
| Fixed assets | 21/28 | €461,976 | €417,670 | -€44,305 | -9.6% |
| Tangible fixed assets | 22/27 | €457,589 | €413,284 | -€44,305 | -9.7% |
| Land and buildings | 22 | €302,958 | €286,239 | -€16,719 | -5.5% |
| Plant, machinery and equipment | 23 | €6,069 | €3,279 | -€2,790 | -46.0% |
| Furniture and vehicles | 24 | €93,774 | €77,988 | -€15,786 | -16.8% |
| Other tangible fixed assets | 26 | €54,788 | €45,778 | -€9,010 | -16.4% |
| Financial fixed assets | 28 | €4,387 | €4,387 | = | 0.0% |
| Current assets | 29/58 | €133,008 | €113,968 | -€19,040 | -14.3% |
| Amounts receivable after more than one year | 29 | €10,300 | €10,300 | = | 0.0% |
| Trade receivables | 290 | €10,300 | €10,300 | = | 0.0% |
| Stocks and contracts in progress | 3 | €37,117 | €33,746 | -€3,371 | -9.1% |
| Stocks | 30/36 | €37,117 | €33,746 | -€3,371 | -9.1% |
| Amounts receivable within one year | 40/41 | €54,353 | €5,351 | -€49,001 | -90.2% |
| Trade receivables | 40 | €52,287 | - | -€52,287 | |
| Other amounts receivable | 41 | €2,066 | €5,351 | +€3,286 | +159% |
| Cash at bank and in hand | 54/58 | €30,804 | €62,924 | +€32,120 | +104% |
| Deferred charges and accrued income | 490/1 | €435 | €1,646 | +€1,211 | +278% |
| Total equity and liabilities | 10/49 | €594,984 | €531,638 | -€63,346 | -10.6% |
| Equity | 10/15 | €96,545 | €127,441 | +€30,896 | +32.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,545 | €65,441 | +€30,896 | +89.4% |
| Amounts payable | 17/49 | €498,439 | €404,198 | -€94,241 | -18.9% |
| Amounts payable after more than one year | 17 | €322,602 | €284,257 | -€38,345 | -11.9% |
| Financial debts | 170/4 | €322,602 | €284,257 | -€38,345 | -11.9% |
| Amounts payable within one year | 42/48 | €173,736 | €117,884 | -€55,852 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €38,442 | €38,345 | -€97 | -0.3% |
| Trade debts | 44 | €63,088 | €8,965 | -€54,124 | -85.8% |
| Suppliers | 440/4 | €63,088 | €8,965 | -€54,124 | -85.8% |
| Taxes, remuneration and social security | 45 | €29,163 | €41,399 | +€12,236 | +42.0% |
| Taxes | 450/3 | €8,787 | €14,708 | +€5,922 | +67.4% |
| Remuneration and social security | 454/9 | €20,376 | €26,690 | +€6,314 | +31.0% |
| Other amounts payable | 47/48 | €43,043 | €29,176 | -€13,868 | -32.2% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,056 | -€44 | -2.1% |
| Non-recurring operating income | 76A | - | €14,284 | +€14,284 | |
| Remuneration, social security and pensions | 62 | €42,504 | €63,717 | +€21,213 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,461 | €52,905 | +€2,444 | +4.8% |
| Other operating charges | 640/8 | €11,737 | €7,249 | -€4,488 | -38.2% |
| Gross operating margin | 9900 | €138,711 | €178,753 | +€40,042 | +28.9% |
| Operating profit (loss) | 9901 | €34,008 | €54,881 | +€20,873 | +61.4% |
| Financial income | 75/76B | €9,584 | €12 | -€9,572 | -99.9% |
| Recurring financial income | 75 | €9 | €12 | +€3 | +33.1% |
| Non-recurring financial income | 76B | €9,575 | - | -€9,575 | |
| Financial charges | 65/66B | €10,725 | €11,633 | +€909 | +8.5% |
| Recurring financial charges | 65 | €10,725 | €11,633 | +€909 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €32,867 | €43,260 | +€10,393 | +31.6% |
| Income taxes | 67/77 | €306 | €12,364 | +€12,058 | +3,941% |
| Profit (loss) for the period | 9904 | €32,561 | €30,896 | -€1,665 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,561 | €30,896 | -€1,665 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.