FATAN LODE: 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.
FATAN LODE
Largest movements
- Cash +€41,455
up €41,455 (+138.7%), from €29,894 to €71,349
mainly Net result for the year (+€41,877) and Depreciation (+€24,962)
- Tangible fixed assets -€13,016
down €13,016 (-10.0%), from €130,618 to €117,602
of which Other tangible fixed assets: -€7,561
- Receivables within one year +€12,635
up €12,635 (+81.0%), from €15,605 to €28,240
of which Trade receivables: +€10,837
- Deferred charges and accrued income -€5,702
down €5,702 (-94.0%), from €6,063 to €361
- Reserves +€41,877
up €41,877 (+57.0%), from €73,486 to €115,363
- Current portion of long-term debt -€12,123
down €12,123 (-61.5%), from €19,701 to €7,579
- Other debts +€10,032
up €10,032 (+4.8%), from €207,917 to €217,949
- Debts after one year -€7,579
down €7,579 (-20.0%), from €37,888 to €30,310
- Tax, wage and social debts +€5,458
up €5,458 (+27.8%), from €19,644 to €25,103
- Gross operating margin +€41,077
up €41,077 (+66.4%), from €61,847 to €102,924
- Taxes +€13,062
up €13,062 (+91.8%), from €14,221 to €27,283
- Financial charges +€1,721
up €1,721 (+59.7%), from €2,881 to €4,602
- Other operating charges +€1,596
up €1,596 (+61.0%), from €2,619 to €4,215
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 | €421,151 | €458,191 | +€37,040 | +8.8% |
| Fixed assets | 21/28 | €369,368 | €358,019 | -€11,349 | -3.1% |
| Tangible fixed assets | 22/27 | €130,618 | €117,602 | -€13,016 | -10.0% |
| Plant, machinery and equipment | 23 | €38,401 | €35,943 | -€2,457 | -6.4% |
| Furniture and vehicles | 24 | €31,486 | €28,488 | -€2,997 | -9.5% |
| Other tangible fixed assets | 26 | €60,732 | €53,171 | -€7,561 | -12.5% |
| Financial fixed assets | 28 | €238,750 | €240,417 | +€1,667 | +0.7% |
| Current assets | 29/58 | €51,783 | €100,172 | +€48,389 | +93.4% |
| Amounts receivable within one year | 40/41 | €15,605 | €28,240 | +€12,635 | +81.0% |
| Trade receivables | 40 | €15,605 | €26,442 | +€10,837 | +69.4% |
| Other amounts receivable | 41 | - | €1,798 | +€1,798 | |
| Current investments | 50/53 | €220 | €221 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €29,894 | €71,349 | +€41,455 | +138.7% |
| Deferred charges and accrued income | 490/1 | €6,063 | €361 | -€5,702 | -94.0% |
| Total equity and liabilities | 10/49 | €421,151 | €458,191 | +€37,040 | +8.8% |
| Equity | 10/15 | €92,086 | €133,963 | +€41,877 | +45.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,486 | €115,363 | +€41,877 | +57.0% |
| Distributable reserves | 133 | €73,486 | €115,363 | +€41,877 | +57.0% |
| Amounts payable | 17/49 | €329,065 | €324,228 | -€4,836 | -1.5% |
| Amounts payable after more than one year | 17 | €37,888 | €30,310 | -€7,579 | -20.0% |
| Financial debts | 170/4 | €37,888 | €30,310 | -€7,579 | -20.0% |
| Amounts payable within one year | 42/48 | €291,176 | €291,485 | +€309 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €19,701 | €7,579 | -€12,123 | -61.5% |
| Trade debts | 44 | €43,913 | €40,855 | -€3,058 | -7.0% |
| Suppliers | 440/4 | €43,913 | €40,855 | -€3,058 | -7.0% |
| Taxes, remuneration and social security | 45 | €19,644 | €25,103 | +€5,458 | +27.8% |
| Taxes | 450/3 | €19,644 | €25,103 | +€5,458 | +27.8% |
| Other amounts payable | 47/48 | €207,917 | €217,949 | +€10,032 | +4.8% |
| Accrued charges and deferred income | 492/3 | - | €2,433 | +€2,433 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,086 | €24,962 | +€876 | +3.6% |
| Other operating charges | 640/8 | €2,619 | €4,215 | +€1,596 | +61.0% |
| Gross operating margin | 9900 | €61,847 | €102,924 | +€41,077 | +66.4% |
| Operating profit (loss) | 9901 | €35,143 | €73,747 | +€38,604 | +109.8% |
| Financial income | 75/76B | €21 | €15 | -€7 | -30.5% |
| Recurring financial income | 75 | €21 | €15 | -€7 | -30.5% |
| Financial charges | 65/66B | €2,881 | €4,602 | +€1,721 | +59.7% |
| Recurring financial charges | 65 | €2,881 | €4,602 | +€1,721 | +59.7% |
| Profit (loss) for the period before taxes | 9903 | €32,283 | €69,160 | +€36,877 | +114.2% |
| Income taxes | 67/77 | €14,221 | €27,283 | +€13,062 | +91.8% |
| Profit (loss) for the period | 9904 | €18,062 | €41,877 | +€23,815 | +131.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,062 | €41,877 | +€23,815 | +131.9% |
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 2 October 2026 via checked.be.