FENDTECH: 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.
FENDTECH
Largest movements
- Tangible fixed assets +€58,269
up €58,269 (+115.8%), from €50,312 to €108,580
- Receivables within one year -€47,119
down €47,119 (-14.8%), from €319,244 to €272,125
of which Trade receivables: -€71,276
- Intangible fixed assets -€30,494
down €30,494 (-33.3%), from €91,465 to €60,970
- Cash -€5,898
down €5,898 (-71.8%), from €8,212 to €2,314
mainly Investment in fixed assets (net) (-€78,773) and Net result for the year (-€28,432)
- Profit (loss) carried forward -€28,432
down €28,432, from €16,843 to -€11,589
- Other debts +€13,500
up €13,500 (+3.3%), from €414,811 to €428,311
- Trade debts -€10,096
down €10,096 (-95.0%), from €10,624 to €528
- Gross operating margin -€22,738
down €22,738 (-59.1%), from €38,449 to €15,711
- Financial income -€674
down €674 (-8.1%), from €8,291 to €7,617
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 | €491,994 | €466,956 | -€25,039 | -5.1% |
| Fixed assets | 21/28 | €161,776 | €189,551 | +€27,774 | +17.2% |
| Intangible fixed assets | 21 | €91,465 | €60,970 | -€30,494 | -33.3% |
| Tangible fixed assets | 22/27 | €50,312 | €108,580 | +€58,269 | +115.8% |
| Furniture and vehicles | 24 | €50,312 | €108,580 | +€58,269 | +115.8% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €330,218 | €277,405 | -€52,813 | -16.0% |
| Amounts receivable within one year | 40/41 | €319,244 | €272,125 | -€47,119 | -14.8% |
| Trade receivables | 40 | €163,626 | €92,350 | -€71,276 | -43.6% |
| Other amounts receivable | 41 | €155,618 | €179,775 | +€24,157 | +15.5% |
| Cash at bank and in hand | 54/58 | €8,212 | €2,314 | -€5,898 | -71.8% |
| Deferred charges and accrued income | 490/1 | €2,762 | €2,967 | +€205 | +7.4% |
| Total equity and liabilities | 10/49 | €491,994 | €466,956 | -€25,039 | -5.1% |
| Equity | 10/15 | €66,443 | €38,011 | -€28,432 | -42.8% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,843 | -€11,589 | -€28,432 | |
| Amounts payable | 17/49 | €425,551 | €428,944 | +€3,393 | +0.8% |
| Amounts payable within one year | 42/48 | €425,435 | €428,839 | +€3,404 | +0.8% |
| Trade debts | 44 | €10,624 | €528 | -€10,096 | -95.0% |
| Suppliers | 440/4 | €10,624 | €528 | -€10,096 | -95.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €414,811 | €428,311 | +€13,500 | +3.3% |
| Accrued charges and deferred income | 492/3 | €116 | €105 | -€11 | -9.4% |
| Non-recurring operating income | 76A | €22,248 | €0 | -€22,248 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,637 | €50,999 | +€363 | +0.7% |
| Other operating charges | 640/8 | €775 | €720 | -€54 | -7.0% |
| Gross operating margin | 9900 | €38,449 | €15,711 | -€22,738 | -59.1% |
| Operating profit (loss) | 9901 | -€12,962 | -€36,008 | -€23,046 | -177.8% |
| Financial income | 75/76B | €8,291 | €7,617 | -€674 | -8.1% |
| Recurring financial income | 75 | €8,291 | €7,617 | -€674 | -8.1% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,710 | -€28,432 | -€23,722 | -503.7% |
| Profit (loss) for the period | 9904 | -€4,710 | -€28,432 | -€23,722 | -503.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,710 | -€28,432 | -€23,722 | -503.7% |
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 10 October 2026 via checked.be.