FARGON: 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.
FARGON
Largest movements
- Tangible fixed assets +€38,200
up €38,200 (+916.8%), from €4,167 to €42,367
of which Plant, machinery and equipment: +€40,867
- Cash +€14,578
up €14,578 (+27.0%), from €53,916 to €68,494
mainly Other debts (+€64,739) and Net result for the year (+€62,429)
- Stocks and contracts +€10,059
up €10,059 (+428.6%), from €2,347 to €12,406
- Intangible fixed assets -€10,000
down €10,000 (-12.5%), from €80,000 to €70,000
- Deferred charges and accrued income -€2,526
down €2,526 (-79.7%), from €3,168 to €643
- Other debts +€64,739
up €64,739 (+3763.5%), from €1,720 to €66,459
- Reserves -€50,432
no longer reported in 2025 (was €50,432)
- Profit (loss) carried forward +€16,691
up €16,691 (+22.8%), from €73,352 to €90,044
- Tax, wage and social debts +€15,857
up €15,857 (+528.4%), from €3,001 to €18,858
of which Remuneration and social security: +€8,403
- Staff costs +€33,164
up €33,164 (+45.1%), from €73,536 to €106,701
- Gross operating margin +€20,537
up €20,537 (+10.9%), from €187,867 to €208,404
- Taxes -€3,588
down €3,588 (-14.4%), from €24,975 to €21,387
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 | €151,876 | €200,477 | +€48,602 | +32.0% |
| Fixed assets | 21/28 | €86,567 | €114,767 | +€28,200 | +32.6% |
| Intangible fixed assets | 21 | €80,000 | €70,000 | -€10,000 | -12.5% |
| Tangible fixed assets | 22/27 | €4,167 | €42,367 | +€38,200 | +916.8% |
| Plant, machinery and equipment | 23 | €1,500 | €42,367 | +€40,867 | +2724.4% |
| Furniture and vehicles | 24 | €667 | - | -€667 | |
| Other tangible fixed assets | 26 | €2,000 | - | -€2,000 | |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €65,309 | €85,711 | +€20,402 | +31.2% |
| Stocks and contracts in progress | 3 | €2,347 | €12,406 | +€10,059 | +428.6% |
| Stocks | 30/36 | €2,347 | €12,406 | +€10,059 | +428.6% |
| Amounts receivable within one year | 40/41 | €5,878 | €4,168 | -€1,710 | -29.1% |
| Trade receivables | 40 | €5,210 | - | -€5,210 | |
| Other amounts receivable | 41 | €668 | €4,168 | +€3,500 | +524.2% |
| Cash at bank and in hand | 54/58 | €53,916 | €68,494 | +€14,578 | +27.0% |
| Deferred charges and accrued income | 490/1 | €3,168 | €643 | -€2,526 | -79.7% |
| Total equity and liabilities | 10/49 | €151,876 | €200,477 | +€48,602 | +32.0% |
| Equity | 10/15 | €126,784 | €93,044 | -€33,741 | -26.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | - | €3,000 | +€3,000 | |
| Other | 1109/19 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €50,432 | - | -€50,432 | |
| Distributable reserves | 133 | €50,432 | - | -€50,432 | |
| Profit (loss) carried forward | 14 | €73,352 | €90,044 | +€16,691 | +22.8% |
| Amounts payable | 17/49 | €25,091 | €107,434 | +€82,343 | +328.2% |
| Amounts payable within one year | 42/48 | €25,091 | €107,434 | +€82,343 | +328.2% |
| Financial debts | 43 | €8,499 | €8,478 | -€21 | -0.2% |
| Credit institutions | 430/8 | €8,499 | €8,478 | -€21 | -0.2% |
| Trade debts | 44 | €11,871 | €13,638 | +€1,767 | +14.9% |
| Suppliers | 440/4 | €11,871 | €13,638 | +€1,767 | +14.9% |
| Taxes, remuneration and social security | 45 | €3,001 | €18,858 | +€15,857 | +528.4% |
| Taxes | 450/3 | €761 | €8,215 | +€7,454 | +979.8% |
| Remuneration and social security | 454/9 | €2,240 | €10,643 | +€8,403 | +375.1% |
| Other amounts payable | 47/48 | €1,720 | €66,459 | +€64,739 | +3763.5% |
| Remuneration, social security and pensions | 62 | €73,536 | €106,701 | +€33,164 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,167 | €15,755 | +€1,588 | +11.2% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €187,867 | €208,404 | +€20,537 | +10.9% |
| Operating profit (loss) | 9901 | €99,665 | €85,436 | -€14,229 | -14.3% |
| Financial income | 75/76B | €0 | €364 | +€364 | +3641100.0% |
| Recurring financial income | 75 | €0 | €364 | +€364 | +3641100.0% |
| Financial charges | 65/66B | €1,338 | €1,983 | +€645 | +48.2% |
| Recurring financial charges | 65 | €1,338 | €1,983 | +€645 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €98,327 | €83,817 | -€14,511 | -14.8% |
| Income taxes | 67/77 | €24,975 | €21,387 | -€3,588 | -14.4% |
| Profit (loss) for the period | 9904 | €73,352 | €62,429 | -€10,923 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €73,352 | €62,429 | -€10,923 | -14.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.