FENCITY: 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.
FENCITY
Largest movements
- Cash -€10,142
down €10,142 (-55.6%), from €18,244 to €8,101
mainly Investment in fixed assets (net) (-€7,222) and Receivables within one year (-€5,223)
- Tangible fixed assets +€6,258
up €6,258 (+539.5%), from €1,160 to €7,418
- Receivables within one year +€5,223
up €5,223 (+438947.9%), from €1 to €5,225
of which Trade receivables: +€4,013
- Trade debts +€4,013
new in 2025: €4,013
- Tax, wage and social debts -€2,012
down €2,012 (-63.5%), from €3,169 to €1,157
- Profit (loss) carried forward -€613
down €613 (-5.5%), from €11,187 to €10,574
- Gross operating margin -€21,491
down €21,491 (-87.9%), from €24,457 to €2,966
- Taxes -€4,141
down €4,141 (-81.9%), from €5,055 to €914
- Depreciation +€902
up €902 (+1446.5%), from €62 to €964
- Other operating charges -€274
down €274 (-15.0%), from €1,829 to €1,554
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 | €19,405 | €20,744 | +€1,339 | +6.9% |
| Fixed assets | 21/28 | €1,160 | €7,418 | +€6,258 | +539.5% |
| Tangible fixed assets | 22/27 | €1,160 | €7,418 | +€6,258 | +539.5% |
| Furniture and vehicles | 24 | €1,160 | €7,418 | +€6,258 | +539.5% |
| Current assets | 29/58 | €18,245 | €13,326 | -€4,919 | -27.0% |
| Amounts receivable within one year | 40/41 | €1 | €5,225 | +€5,223 | +438947.9% |
| Trade receivables | 40 | - | €4,013 | +€4,013 | |
| Other amounts receivable | 41 | €1 | €1,211 | +€1,210 | +101685.7% |
| Cash at bank and in hand | 54/58 | €18,244 | €8,101 | -€10,142 | -55.6% |
| Total equity and liabilities | 10/49 | €19,405 | €20,744 | +€1,339 | +6.9% |
| Equity | 10/15 | €16,187 | €15,574 | -€613 | -3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,187 | €10,574 | -€613 | -5.5% |
| Amounts payable | 17/49 | €3,218 | €5,170 | +€1,953 | +60.7% |
| Amounts payable within one year | 42/48 | €3,218 | €5,170 | +€1,953 | +60.7% |
| Trade debts | 44 | - | €4,013 | +€4,013 | |
| Suppliers | 440/4 | - | €4,013 | +€4,013 | |
| Taxes, remuneration and social security | 45 | €3,169 | €1,157 | -€2,012 | -63.5% |
| Taxes | 450/3 | €3,169 | €1,157 | -€2,012 | -63.5% |
| Other amounts payable | 47/48 | €48 | - | -€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62 | €964 | +€902 | +1446.5% |
| Other operating charges | 640/8 | €1,829 | €1,554 | -€274 | -15.0% |
| Gross operating margin | 9900 | €24,457 | €2,966 | -€21,491 | -87.9% |
| Operating profit (loss) | 9901 | €22,567 | €448 | -€22,118 | -98.0% |
| Financial charges | 65/66B | €182 | €147 | -€35 | -19.0% |
| Recurring financial charges | 65 | €182 | €147 | -€35 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €22,385 | €301 | -€22,084 | -98.7% |
| Income taxes | 67/77 | €5,055 | €914 | -€4,141 | -81.9% |
| Profit (loss) for the period | 9904 | €17,330 | -€613 | -€17,943 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,330 | -€613 | -€17,943 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.