FARDENT: 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.
FARDENT
Largest movements
- Tangible fixed assets -€17,359
down €17,359 (-6.7%), from €260,043 to €242,684
of which Land and buildings: -€12,800
- Profit (loss) carried forward +€20,902
up €20,902 (+22.7%), from €92,282 to €113,185
- Tax, wage and social debts -€20,496
down €20,496 (-45.3%), from €45,230 to €24,734
- Debts after one year -€12,679
down €12,679 (-11.6%), from €109,609 to €96,930
- Current portion of long-term debt -€4,177
down €4,177 (-19.9%), from €20,973 to €16,797
- Gross operating margin -€171,165
down €171,165 (-55.9%), from €306,427 to €135,262
- Taxes -€45,395
down €45,395 (-61.4%), from €73,913 to €28,518
- Depreciation -€18,534
down €18,534 (-47.3%), from €39,161 to €20,628
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 | €284,301 | €268,019 | -€16,282 | -5.7% |
| Fixed assets | 21/28 | €260,243 | €242,884 | -€17,359 | -6.7% |
| Tangible fixed assets | 22/27 | €260,043 | €242,684 | -€17,359 | -6.7% |
| Land and buildings | 22 | €224,800 | €212,000 | -€12,800 | -5.7% |
| Plant, machinery and equipment | 23 | €14,824 | €12,618 | -€2,206 | -14.9% |
| Furniture and vehicles | 24 | €20,419 | €18,066 | -€2,353 | -11.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €24,058 | €25,136 | +€1,077 | +4.5% |
| Current investments | 50/53 | €11,956 | €12,035 | +€80 | +0.7% |
| Cash at bank and in hand | 54/58 | €9,843 | €10,734 | +€891 | +9.0% |
| Deferred charges and accrued income | 490/1 | €2,259 | €2,367 | +€107 | +4.7% |
| Total equity and liabilities | 10/49 | €284,301 | €268,019 | -€16,282 | -5.7% |
| Equity | 10/15 | €106,542 | €127,445 | +€20,902 | +19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €92,282 | €113,185 | +€20,902 | +22.7% |
| Amounts payable | 17/49 | €177,759 | €140,575 | -€37,184 | -20.9% |
| Amounts payable after more than one year | 17 | €109,609 | €96,930 | -€12,679 | -11.6% |
| Financial debts | 170/4 | €109,609 | €96,930 | -€12,679 | -11.6% |
| Amounts payable within one year | 42/48 | €68,150 | €43,645 | -€24,505 | -36.0% |
| Current portion of amounts payable after more than one year | 42 | €20,973 | €16,797 | -€4,177 | -19.9% |
| Trade debts | 44 | €1,946 | €74 | -€1,872 | -96.2% |
| Suppliers | 440/4 | €1,946 | €74 | -€1,872 | -96.2% |
| Taxes, remuneration and social security | 45 | €45,230 | €24,734 | -€20,496 | -45.3% |
| Taxes | 450/3 | €45,230 | €24,734 | -€20,496 | -45.3% |
| Other amounts payable | 47/48 | - | €2,040 | +€2,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,161 | €20,628 | -€18,534 | -47.3% |
| Other operating charges | 640/8 | €3,942 | €3,880 | -€62 | -1.6% |
| Gross operating margin | 9900 | €306,427 | €135,262 | -€171,165 | -55.9% |
| Operating profit (loss) | 9901 | €263,324 | €110,755 | -€152,569 | -57.9% |
| Financial income | 75/76B | €120 | €114 | -€7 | -5.6% |
| Recurring financial income | 75 | €30 | €114 | +€84 | +282.2% |
| Non-recurring financial income | 76B | €91 | - | -€91 | |
| Financial charges | 65/66B | €7,681 | €6,448 | -€1,233 | -16.1% |
| Recurring financial charges | 65 | €7,681 | €6,448 | -€1,233 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €255,763 | €104,420 | -€151,343 | -59.2% |
| Income taxes | 67/77 | €73,913 | €28,518 | -€45,395 | -61.4% |
| Profit (loss) for the period | 9904 | €181,850 | €75,902 | -€105,948 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €181,850 | €75,902 | -€105,948 | -58.3% |
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 7 October 2026 via checked.be.