FENAKISTO: 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.
FENAKISTO
Largest movements
- Cash -€870
down €870 (-62.6%), from €1,391 to €521
mainly Receivables within one year (-€802) and Net result for the year (-€718)
- Receivables within one year +€802
up €802 (+764%), from €105 to €907
- Profit (loss) carried forward -€718
down €718 (-71.5%), from -€1,004 to -€1,722
- Other debts +€650
new in 2025: €650
- Purchases and services -€993
no longer reported in 2025 (was €993)
- Gross operating margin +€428
up €428 (+43.1%), from -€993 to -€565
- Other operating charges +€108
new in 2025: €108
- Financial charges +€34
up €34 (+300%), from €11 to €45
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 | €1,496 | €1,428 | -€68 | -4.6% |
| Current assets | 29/58 | €1,496 | €1,428 | -€68 | -4.6% |
| Amounts receivable within one year | 40/41 | €105 | €907 | +€802 | +764% |
| Other amounts receivable | 41 | €105 | €907 | +€802 | +764% |
| Cash at bank and in hand | 54/58 | €1,391 | €521 | -€870 | -62.6% |
| Total equity and liabilities | 10/49 | €1,496 | €1,428 | -€68 | -4.6% |
| Equity | 10/15 | €1,496 | €778 | -€718 | -48.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,004 | -€1,722 | -€718 | -71.5% |
| Amounts payable | 17/49 | - | €650 | +€650 | |
| Amounts payable within one year | 42/48 | - | €650 | +€650 | |
| Other amounts payable | 47/48 | - | €650 | +€650 | |
| Goods, raw materials, services and sundry goods | 60/61 | €993 | - | -€993 | |
| Other operating charges | 640/8 | - | €108 | +€108 | |
| Gross operating margin | 9900 | -€993 | -€565 | +€428 | +43.1% |
| Operating profit (loss) | 9901 | -€993 | -€673 | +€320 | +32.2% |
| Financial charges | 65/66B | €11 | €45 | +€34 | +300% |
| Recurring financial charges | 65 | €11 | €45 | +€34 | +300% |
| Profit (loss) for the period before taxes | 9903 | -€1,004 | -€718 | +€286 | +28.5% |
| Profit (loss) for the period | 9904 | -€1,004 | -€718 | +€286 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,004 | -€718 | +€286 | +28.5% |
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 24 October 2026 via checked.be.