FEN VAN TRIER: 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.
FEN VAN TRIER
Largest movements
- Tangible fixed assets -€30,319
down €30,319 (-16.5%), from €183,288 to €152,969
- Cash +€20,799
up €20,799 (+22.1%), from €94,123 to €114,922
mainly Depreciation (+€35,062) and Net result for the year (+€24,630)
- Receivables within one year -€6,333
down €6,333 (-11.8%), from €53,741 to €47,408
of which Trade receivables: -€6,642
- Debts after one year -€27,680
down €27,680 (-14.3%), from €193,111 to €165,431
of which Financial debts: -€21,680
- Reserves +€24,630
up €24,630 (+30.8%), from €79,855 to €104,485
- Trade debts -€12,502
down €12,502 (-42.8%), from €29,217 to €16,715
- Gross operating margin +€15,092
up €15,092 (+24.0%), from €62,803 to €77,895
- Taxes +€2,966
up €2,966 (+53.5%), from €5,538 to €8,504
- Other operating charges +€2,108
up €2,108 (+116%), from €1,811 to €3,919
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 | €345,692 | €332,559 | -€13,133 | -3.8% |
| Fixed assets | 21/28 | €183,288 | €152,969 | -€30,319 | -16.5% |
| Tangible fixed assets | 22/27 | €183,288 | €152,969 | -€30,319 | -16.5% |
| Land and buildings | 22 | €102,769 | €89,217 | -€13,552 | -13.2% |
| Plant, machinery and equipment | 23 | €50,662 | €41,723 | -€8,938 | -17.6% |
| Furniture and vehicles | 24 | €29,858 | €22,029 | -€7,829 | -26.2% |
| Current assets | 29/58 | €162,404 | €179,590 | +€17,187 | +10.6% |
| Stocks and contracts in progress | 3 | €14,540 | €17,260 | +€2,720 | +18.7% |
| Stocks | 30/36 | €10,540 | €12,360 | +€1,820 | +17.3% |
| Contracts in progress | 37 | €4,000 | €4,900 | +€900 | +22.5% |
| Amounts receivable within one year | 40/41 | €53,741 | €47,408 | -€6,333 | -11.8% |
| Trade receivables | 40 | €48,244 | €41,601 | -€6,642 | -13.8% |
| Other amounts receivable | 41 | €5,497 | €5,807 | +€310 | +5.6% |
| Cash at bank and in hand | 54/58 | €94,123 | €114,922 | +€20,799 | +22.1% |
| Total equity and liabilities | 10/49 | €345,692 | €332,559 | -€13,133 | -3.8% |
| Equity | 10/15 | €99,855 | €124,485 | +€24,630 | +24.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,855 | €104,485 | +€24,630 | +30.8% |
| Distributable reserves | 133 | €79,855 | €104,485 | +€24,630 | +30.8% |
| Amounts payable | 17/49 | €245,837 | €208,074 | -€37,763 | -15.4% |
| Amounts payable after more than one year | 17 | €193,111 | €165,431 | -€27,680 | -14.3% |
| Financial debts | 170/4 | €125,111 | €103,431 | -€21,680 | -17.3% |
| Other amounts payable | 178/9 | €68,000 | €62,000 | -€6,000 | -8.8% |
| Amounts payable within one year | 42/48 | €52,726 | €42,644 | -€10,082 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €20,799 | €21,680 | +€882 | +4.2% |
| Trade debts | 44 | €29,217 | €16,715 | -€12,502 | -42.8% |
| Suppliers | 440/4 | €29,217 | €16,715 | -€12,502 | -42.8% |
| Taxes, remuneration and social security | 45 | €2,611 | €3,783 | +€1,172 | +44.9% |
| Taxes | 450/3 | €2,611 | €3,504 | +€893 | +34.2% |
| Remuneration and social security | 454/9 | - | €279 | +€279 | |
| Other amounts payable | 47/48 | €99 | €465 | +€366 | +369% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,830 | €35,062 | -€769 | -2.1% |
| Other operating charges | 640/8 | €1,811 | €3,919 | +€2,108 | +116% |
| Gross operating margin | 9900 | €62,803 | €77,895 | +€15,092 | +24.0% |
| Operating profit (loss) | 9901 | €25,162 | €38,914 | +€13,752 | +54.7% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €6,498 | €5,825 | -€672 | -10.3% |
| Recurring financial charges | 65 | €6,498 | €5,825 | -€672 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €18,664 | €33,134 | +€14,470 | +77.5% |
| Income taxes | 67/77 | €5,538 | €8,504 | +€2,966 | +53.5% |
| Profit (loss) for the period | 9904 | €13,126 | €24,630 | +€11,504 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,126 | €24,630 | +€11,504 | +87.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.