FAZANTHOF: what changed
Two financial 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.
FAZANTHOF
Largest movements
- Stocks and contracts +€759,305
up €759,305 (+49.3%), from €1.5m to €2.3m
- Cash +€149,103
up €149,103 (+73.3%), from €203,290 to €352,393
mainly Short-term financial debts (+€540,000) and Other debts (+€258,621)
- Short-term financial debts +€540,000
new in 2025: €540,000
- Other debts +€258,621
up €258,621 (+15.4%), from €1.7m to €1.9m
- Trade debts +€76,318
up €76,318 (+228%), from €33,510 to €109,827
- Tax, wage and social debts +€56,232
up €56,232, from €0 to €56,232
- Profit (loss) carried forward -€49,662
down €49,662 (-43.4%), from -€114,491 to -€164,152
- Gross operating margin +€115,850
up €115,850, from -€110,566 to €5,283
- Financial charges +€16,395
up €16,395 (+43.6%), from €37,616 to €54,011
- Taxes -€6,715
down €6,715 (-100%), from €6,715 to €0
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.
Derived cash bridge
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 | €1,760,575 | €2,652,633 | +€892,058 | +50.7% |
| Current assets | 29/58 | €1,760,575 | €2,652,633 | +€892,058 | +50.7% |
| Stocks and contracts in progress | 3 | €1,539,947 | €2,299,251 | +€759,305 | +49.3% |
| Stocks | 30/36 | €1,539,947 | €2,299,251 | +€759,305 | +49.3% |
| Amounts receivable within one year | 40/41 | €17,338 | €988 | -€16,350 | -94.3% |
| Trade receivables | 40 | €10,080 | €988 | -€9,092 | -90.2% |
| Other amounts receivable | 41 | €7,258 | €0 | -€7,258 | -100% |
| Cash at bank and in hand | 54/58 | €203,290 | €352,393 | +€149,103 | +73.3% |
| Total equity and liabilities | 10/49 | €1,760,575 | €2,652,633 | +€892,058 | +50.7% |
| Equity | 10/15 | €17,509 | -€32,152 | -€49,662 | |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,491 | -€164,152 | -€49,662 | -43.4% |
| Amounts payable | 17/49 | €1,743,066 | €2,684,785 | +€941,719 | +54.0% |
| Amounts payable within one year | 42/48 | €1,716,980 | €2,648,150 | +€931,170 | +54.2% |
| Financial debts | 43 | - | €540,000 | +€540,000 | |
| Credit institutions | 430/8 | - | €540,000 | +€540,000 | |
| Trade debts | 44 | €33,510 | €109,827 | +€76,318 | +228% |
| Suppliers | 440/4 | €33,510 | €109,827 | +€76,318 | +228% |
| Taxes, remuneration and social security | 45 | €0 | €56,232 | +€56,232 | |
| Taxes | 450/3 | €0 | €56,232 | +€56,232 | |
| Other amounts payable | 47/48 | €1,683,470 | €1,942,091 | +€258,621 | +15.4% |
| Accrued charges and deferred income | 492/3 | €26,086 | €36,636 | +€10,549 | +40.4% |
| Other operating charges | 640/8 | €1,305 | €1,157 | -€148 | -11.3% |
| Gross operating margin | 9900 | -€110,566 | €5,283 | +€115,850 | |
| Operating profit (loss) | 9901 | -€111,871 | €4,127 | +€115,998 | |
| Financial income | 75/76B | €0 | €222 | +€222 | |
| Recurring financial income | 75 | €0 | €222 | +€222 | |
| Financial charges | 65/66B | €37,616 | €54,011 | +€16,395 | +43.6% |
| Recurring financial charges | 65 | €37,616 | €54,011 | +€16,395 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | -€149,487 | -€49,662 | +€99,825 | +66.8% |
| Income taxes | 67/77 | €6,715 | €0 | -€6,715 | -100% |
| Profit (loss) for the period | 9904 | -€156,202 | -€49,662 | +€106,540 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,202 | -€49,662 | +€106,540 | +68.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.