FAZANT: 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.
FAZANT
Largest movements
- Receivables within one year +€76,465
up €76,465 (+134.4%), from €56,893 to €133,358
- Cash -€52,172
down €52,172 (-78.2%), from €66,710 to €14,538
mainly Receivables within one year (-€76,465) and Deferred charges and accrued income (-€5,397)
- Current investments -€21,858
no longer reported in 2025 (was €21,858)
- Tangible fixed assets -€14,178
down €14,178 (-1.8%), from €778,765 to €764,586
of which Plant, machinery and equipment: -€12,380
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€41,160
down €41,160 (-71.0%), from €57,978 to €16,817
- Taxes -€9,742
down €9,742 (-98.0%), from €9,943 to €201
- Depreciation -€9,559
down €9,559 (-40.3%), from €23,737 to €14,178
- Financial income -€7,518
down €7,518 (-56.1%), from €13,399 to €5,881
- Financial charges -€3,286
down €3,286 (-93.5%), from €3,514 to €228
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 | €924,494 | €918,148 | -€6,346 | -0.7% |
| Fixed assets | 21/28 | €778,765 | €764,586 | -€14,178 | -1.8% |
| Tangible fixed assets | 22/27 | €778,765 | €764,586 | -€14,178 | -1.8% |
| Land and buildings | 22 | €745,673 | €745,037 | -€636 | -0.1% |
| Plant, machinery and equipment | 23 | €30,766 | €18,387 | -€12,380 | -40.2% |
| Furniture and vehicles | 24 | €2,325 | €1,162 | -€1,163 | -50.0% |
| Current assets | 29/58 | €145,730 | €153,562 | +€7,833 | +5.4% |
| Amounts receivable within one year | 40/41 | €56,893 | €133,358 | +€76,465 | +134.4% |
| Other amounts receivable | 41 | €56,893 | €133,358 | +€76,465 | +134.4% |
| Current investments | 50/53 | €21,858 | - | -€21,858 | |
| Cash at bank and in hand | 54/58 | €66,710 | €14,538 | -€52,172 | -78.2% |
| Deferred charges and accrued income | 490/1 | €269 | €5,667 | +€5,397 | +2003.2% |
| Total equity and liabilities | 10/49 | €924,494 | €918,148 | -€6,346 | -0.7% |
| Equity | 10/15 | €895,979 | €893,289 | -€2,690 | -0.3% |
| Contributions | 10/11 | €731,684 | €731,684 | = | 0.0% |
| Capital | 10 | €731,684 | €731,684 | = | 0.0% |
| Issued capital | 100 | €741,600 | €741,600 | = | 0.0% |
| Uncalled capital | 101 | €9,916 | €9,916 | = | 0.0% |
| Revaluation surpluses | 12 | €727 | €727 | = | 0.0% |
| Reserves | 13 | €163,568 | €160,878 | -€2,690 | -1.6% |
| Non-distributable reserves | 130/1 | €74,160 | €74,160 | = | 0.0% |
| Legal reserve | 130 | €74,160 | €74,160 | = | 0.0% |
| Distributable reserves | 133 | €89,408 | €86,718 | -€2,690 | -3.0% |
| Amounts payable | 17/49 | €28,515 | €24,859 | -€3,656 | -12.8% |
| Amounts payable within one year | 42/48 | €26,458 | €24,859 | -€1,599 | -6.0% |
| Financial debts | 43 | €24 | €12 | -€12 | -51.3% |
| Credit institutions | 430/8 | €24 | €12 | -€12 | -51.3% |
| Trade debts | 44 | - | €492 | +€492 | |
| Suppliers | 440/4 | - | €492 | +€492 | |
| Taxes, remuneration and social security | 45 | €2,078 | - | -€2,078 | |
| Taxes | 450/3 | €2,078 | - | -€2,078 | |
| Other amounts payable | 47/48 | €24,356 | €24,356 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,057 | - | -€2,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,737 | €14,178 | -€9,559 | -40.3% |
| Other operating charges | 640/8 | €13,404 | €10,781 | -€2,624 | -19.6% |
| Gross operating margin | 9900 | €57,978 | €16,817 | -€41,160 | -71.0% |
| Operating profit (loss) | 9901 | €20,836 | -€8,142 | -€28,978 | |
| Financial income | 75/76B | €13,399 | €5,881 | -€7,518 | -56.1% |
| Recurring financial income | 75 | €13,399 | €5,881 | -€7,518 | -56.1% |
| Financial charges | 65/66B | €3,514 | €228 | -€3,286 | -93.5% |
| Recurring financial charges | 65 | €3,514 | €228 | -€3,286 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €30,720 | -€2,489 | -€33,209 | |
| Income taxes | 67/77 | €9,943 | €201 | -€9,742 | -98.0% |
| Profit (loss) for the period | 9904 | €20,777 | -€2,690 | -€23,467 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,777 | -€2,690 | -€23,467 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.