Fence & Fender: 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.
Fence & Fender
Largest movements
- Current investments +€58,472
new in 2025: €58,472
- Cash +€48,200
up €48,200 (+4,075%), from €1,183 to €49,383
mainly Net result for the year (+€84,463) and Tax, wage and social debts (+€25,423)
- Tangible fixed assets +€8,806
up €8,806 (+750%), from €1,175 to €9,981
of which Plant, machinery and equipment: +€9,142
- Receivables within one year +€5,605
up €5,605 (+46.0%), from €12,197 to €17,802
- Profit (loss) carried forward +€84,463
up €84,463 (+1,518%), from €5,564 to €90,028
- Tax, wage and social debts +€25,423
up €25,423 (+896%), from €2,839 to €28,262
- Trade debts +€11,003
up €11,003 (+7,490%), from €147 to €11,149
- Gross operating margin +€97,999
up €97,999 (+1,347%), from €7,277 to €105,276
- Taxes +€19,618
up €19,618 (+1,392%), from €1,409 to €21,027
- Financial income +€2,312
new in 2025: €2,312
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 | €14,554 | €136,509 | +€121,955 | +838% |
| Fixed assets | 21/28 | €1,175 | €9,981 | +€8,806 | +750% |
| Tangible fixed assets | 22/27 | €1,175 | €9,981 | +€8,806 | +750% |
| Plant, machinery and equipment | 23 | - | €9,142 | +€9,142 | |
| Furniture and vehicles | 24 | €1,175 | €839 | -€336 | -28.6% |
| Current assets | 29/58 | €13,380 | €126,529 | +€113,149 | +846% |
| Amounts receivable within one year | 40/41 | €12,197 | €17,802 | +€5,605 | +46.0% |
| Trade receivables | 40 | €12,197 | €17,802 | +€5,605 | +46.0% |
| Current investments | 50/53 | - | €58,472 | +€58,472 | |
| Cash at bank and in hand | 54/58 | €1,183 | €49,383 | +€48,200 | +4,075% |
| Deferred charges and accrued income | 490/1 | - | €872 | +€872 | |
| Total equity and liabilities | 10/49 | €14,554 | €136,509 | +€121,955 | +838% |
| Equity | 10/15 | €8,064 | €92,528 | +€84,463 | +1,047% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,564 | €90,028 | +€84,463 | +1,518% |
| Amounts payable | 17/49 | €6,490 | €43,982 | +€37,492 | +578% |
| Amounts payable within one year | 42/48 | €6,490 | €43,982 | +€37,492 | +578% |
| Trade debts | 44 | €147 | €11,149 | +€11,003 | +7,490% |
| Suppliers | 440/4 | €147 | €11,149 | +€11,003 | +7,490% |
| Taxes, remuneration and social security | 45 | €2,839 | €28,262 | +€25,423 | +896% |
| Taxes | 450/3 | €2,839 | €28,262 | +€25,423 | +896% |
| Other amounts payable | 47/48 | €3,504 | €4,571 | +€1,066 | +30.4% |
| Remuneration, social security and pensions | 62 | - | €640 | +€640 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | €491 | +€449 | +1,063% |
| Other operating charges | 640/8 | €260 | €413 | +€153 | +58.9% |
| Gross operating margin | 9900 | €7,277 | €105,276 | +€97,999 | +1,347% |
| Operating profit (loss) | 9901 | €6,974 | €103,732 | +€96,757 | +1,387% |
| Financial income | 75/76B | - | €2,312 | +€2,312 | |
| Recurring financial income | 75 | - | €2,312 | +€2,312 | |
| Financial charges | 65/66B | €1 | €554 | +€553 | +50,761% |
| Recurring financial charges | 65 | €1 | €554 | +€553 | +50,761% |
| Profit (loss) for the period before taxes | 9903 | €6,973 | €105,490 | +€98,516 | +1,413% |
| Income taxes | 67/77 | €1,409 | €21,027 | +€19,618 | +1,392% |
| Profit (loss) for the period | 9904 | €5,564 | €84,463 | +€78,899 | +1,418% |
| Profit (loss) for the period to be appropriated | 9905 | €5,564 | €84,463 | +€78,899 | +1,418% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.