FENCLORA: 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.
FENCLORA
Largest movements
- Tangible fixed assets +€70,846
up €70,846 (+10.9%), from €649,360 to €720,206
of which Land and buildings: +€72,634
- Other debts +€199,747
up €199,747 (+418.7%), from €47,712 to €247,458
- Profit (loss) carried forward -€89,559
down €89,559 (-25.1%), from -€356,303 to -€445,862
- Debts after one year -€76,542
down €76,542 (-10.8%), from €708,133 to €631,591
of which Other amounts payable: -€43,416
- Contributions +€38,250
up €38,250 (+17.5%), from €218,736 to €256,986
- Gross operating margin -€15,378
down €15,378 (-201.2%), from -€7,644 to -€23,022
- Financial charges +€2,767
up €2,767 (+13.5%), from €20,424 to €23,191
- Other operating charges +€925
up €925 (+7.2%), from €12,791 to €13,716
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 | €653,803 | €724,710 | +€70,907 | +10.8% |
| Fixed assets | 21/28 | €649,360 | €720,206 | +€70,846 | +10.9% |
| Tangible fixed assets | 22/27 | €649,360 | €720,206 | +€70,846 | +10.9% |
| Land and buildings | 22 | €644,686 | €717,320 | +€72,634 | +11.3% |
| Plant, machinery and equipment | 23 | €2,304 | €888 | -€1,415 | -61.4% |
| Furniture and vehicles | 24 | €2,370 | €1,998 | -€373 | -15.7% |
| Current assets | 29/58 | €4,443 | €4,504 | +€61 | +1.4% |
| Amounts receivable within one year | 40/41 | - | €3,481 | +€3,481 | |
| Other amounts receivable | 41 | - | €3,481 | +€3,481 | |
| Cash at bank and in hand | 54/58 | €4,443 | €1,023 | -€3,420 | -77.0% |
| Total equity and liabilities | 10/49 | €653,803 | €724,710 | +€70,907 | +10.8% |
| Equity | 10/15 | -€137,567 | -€188,876 | -€51,309 | -37.3% |
| Contributions | 10/11 | €218,736 | €256,986 | +€38,250 | +17.5% |
| Profit (loss) carried forward | 14 | -€356,303 | -€445,862 | -€89,559 | -25.1% |
| Amounts payable | 17/49 | €791,370 | €913,586 | +€122,216 | +15.4% |
| Amounts payable after more than one year | 17 | €708,133 | €631,591 | -€76,542 | -10.8% |
| Financial debts | 170/4 | €321,444 | €288,318 | -€33,126 | -10.3% |
| Other amounts payable | 178/9 | €386,690 | €343,273 | -€43,416 | -11.2% |
| Amounts payable within one year | 42/48 | €83,236 | €281,994 | +€198,758 | +238.8% |
| Current portion of amounts payable after more than one year | 42 | €33,486 | €33,126 | -€360 | -1.1% |
| Trade debts | 44 | €1,684 | €1,055 | -€628 | -37.3% |
| Suppliers | 440/4 | €1,684 | €1,055 | -€628 | -37.3% |
| Taxes, remuneration and social security | 45 | €355 | €355 | = | 0.0% |
| Taxes | 450/3 | €355 | €355 | = | 0.0% |
| Other amounts payable | 47/48 | €47,712 | €247,458 | +€199,747 | +418.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,446 | €29,630 | +€184 | +0.6% |
| Other operating charges | 640/8 | €12,791 | €13,716 | +€925 | +7.2% |
| Non-recurring operating charges | 66A | €25,485 | - | -€25,485 | |
| Gross operating margin | 9900 | -€7,644 | -€23,022 | -€15,378 | -201.2% |
| Operating profit (loss) | 9901 | -€75,366 | -€66,367 | +€8,998 | +11.9% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €20,424 | €23,191 | +€2,767 | +13.5% |
| Recurring financial charges | 65 | €20,424 | €23,191 | +€2,767 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€95,788 | -€89,559 | +€6,229 | +6.5% |
| Profit (loss) for the period | 9904 | -€95,788 | -€89,559 | +€6,229 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,788 | -€89,559 | +€6,229 | +6.5% |
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 4 October 2026 via checked.be.