FARGAN: 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.
What changed
FARGAN
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€43,766
2024 · -€44,431+€665
Equity
-€654,491
2024 · -€610,725-€43,766
Cash
€8,891
2024 · €9,722-€832
Balance sheet total
€1.8m
2024 · €1.8m-€62,090
Largest movements
Assets
- Receivables within one year -€65,414
down €65,414 (-17.2%), from €381,269 to €315,855
of which Trade receivables: -€42,825
- Deferred charges and accrued income +€18,129
up €18,129 (+65.0%), from €27,899 to €46,029
Equity and liabilities
- Other debts -€97,593
down €97,593 (-6.6%), from €1.5m to €1.4m
- Accrued charges and deferred income +€70,480
up €70,480 (+17.6%), from €401,584 to €472,064
- Profit (loss) carried forward -€43,766
down €43,766 (-4.8%), from -€909,114 to -€952,880
- Trade debts +€21,758
up €21,758 (+11.1%), from €196,763 to €218,521
Income statement
- Purchases and services +€74,938
up €74,938 (+17.6%), from €426,619 to €501,557
- Turnover +€69,820
up €69,820 (+12.8%), from €545,875 to €615,695
- Staff costs +€15,473
up €15,473 (+13.0%), from €118,687 to €134,160
- Financial charges -€13,409
down €13,409 (-15.0%), from €89,138 to €75,729
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.
Result 2024
-€44,431
Gross operating margin
+€5,466
Staff costs
-€15,473
Depreciation
+€299
Other operating charges
+€119
Other operating items
-€42
Financial income
-€3,099
Financial charges
+€13,409
Taxes
-€15
Result 2025
-€43,766
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.
From operations
-€4,094
Investment
€0
Financing
+€3,262
Cash 2024
€9,722
From operations (derived)
-€4,094
Net result for the year
-€43,766
Depreciation
+€4,254
Stocks and contracts
+€9,719
Receivables within one year
+€65,414
Deferred charges and accrued income
-€18,129
Trade debts
+€21,758
Tax, wage and social debts
-€16,231
Other debts
-€97,593
Accrued charges and deferred income
+€70,480
Financing
+€3,262
Current portion of long-term debt
+€3,262
Cash 2025
€8,891
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,812,582 | €1,750,493 | -€62,090 | -3.4% |
| Fixed assets | 21/28 | €1,379,092 | €1,374,838 | -€4,254 | -0.3% |
| Intangible fixed assets | 21 | €459 | €0 | -€459 | -100.0% |
| Tangible fixed assets | 22/27 | €21,938 | €18,143 | -€3,795 | -17.3% |
| Furniture and vehicles | 24 | €1,616 | €461 | -€1,155 | -71.5% |
| Other tangible fixed assets | 26 | €20,322 | €17,682 | -€2,640 | -13.0% |
| Financial fixed assets | 28 | €1,356,695 | €1,356,695 | = | 0.0% |
| Current assets | 29/58 | €433,490 | €375,654 | -€57,835 | -13.3% |
| Stocks and contracts in progress | 3 | €14,599 | €4,880 | -€9,719 | -66.6% |
| Stocks | 30/36 | €14,599 | €4,880 | -€9,719 | -66.6% |
| Amounts receivable within one year | 40/41 | €381,269 | €315,855 | -€65,414 | -17.2% |
| Trade receivables | 40 | €196,191 | €153,366 | -€42,825 | -21.8% |
| Other amounts receivable | 41 | €185,078 | €162,489 | -€22,589 | -12.2% |
| Cash at bank and in hand | 54/58 | €9,722 | €8,891 | -€832 | -8.6% |
| Deferred charges and accrued income | 490/1 | €27,899 | €46,029 | +€18,129 | +65.0% |
| Total equity and liabilities | 10/49 | €1,812,582 | €1,750,493 | -€62,090 | -3.4% |
| Equity | 10/15 | -€610,725 | -€654,491 | -€43,766 | -7.2% |
| Contributions | 10/11 | €297,480 | €297,480 | = | 0.0% |
| Capital | 10 | €297,480 | €297,480 | = | 0.0% |
| Issued capital | 100 | €297,480 | €297,480 | = | 0.0% |
| Reserves | 13 | €909 | €909 | = | 0.0% |
| Non-distributable reserves | 130/1 | €909 | €909 | = | 0.0% |
| Legal reserve | 130 | €909 | €909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€909,114 | -€952,880 | -€43,766 | -4.8% |
| Amounts payable | 17/49 | €2,423,307 | €2,404,983 | -€18,324 | -0.8% |
| Amounts payable after more than one year | 17 | €295,000 | €295,000 | = | 0.0% |
| Other amounts payable | 178/9 | €295,000 | €295,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,726,723 | €1,637,920 | -€88,804 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,262 | +€3,262 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €196,763 | €218,521 | +€21,758 | +11.1% |
| Suppliers | 440/4 | €196,763 | €218,521 | +€21,758 | +11.1% |
| Taxes, remuneration and social security | 45 | €53,702 | €37,472 | -€16,231 | -30.2% |
| Taxes | 450/3 | €39,068 | €18,701 | -€20,367 | -52.1% |
| Remuneration and social security | 454/9 | €14,635 | €18,771 | +€4,136 | +28.3% |
| Other amounts payable | 47/48 | €1,476,258 | €1,378,665 | -€97,593 | -6.6% |
| Accrued charges and deferred income | 492/3 | €401,584 | €472,064 | +€70,480 | +17.6% |
| Turnover | 70 | €545,875 | €615,695 | +€69,820 | +12.8% |
| Non-recurring operating income | 76A | €4,006 | €868 | -€3,139 | -78.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €426,619 | €501,557 | +€74,938 | +17.6% |
| Remuneration, social security and pensions | 62 | €118,687 | €134,160 | +€15,473 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,553 | €4,254 | -€299 | -6.6% |
| Other operating charges | 640/8 | €2,786 | €2,667 | -€119 | -4.3% |
| Non-recurring operating charges | 66A | €2,568 | €2,610 | +€42 | +1.6% |
| Gross operating margin | 9900 | €161,572 | €167,038 | +€5,466 | +3.4% |
| Operating profit (loss) | 9901 | €32,977 | €23,346 | -€9,631 | -29.2% |
| Financial income | 75/76B | €12,534 | €9,435 | -€3,099 | -24.7% |
| Recurring financial income | 75 | €12,534 | €9,435 | -€3,099 | -24.7% |
| Financial charges | 65/66B | €89,138 | €75,729 | -€13,409 | -15.0% |
| Recurring financial charges | 65 | €89,138 | €75,729 | -€13,409 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,628 | -€42,948 | +€680 | +1.6% |
| Income taxes | 67/77 | €804 | €818 | +€15 | +1.8% |
| Profit (loss) for the period | 9904 | -€44,431 | -€43,766 | +€665 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,431 | -€43,766 | +€665 | +1.5% |
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 8 October 2026 via checked.be.