FENNAN: 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.
FENNAN
Largest movements
- Cash -€479
down €479 (-93.4%), from €513 to €34
mainly Net result for the year (-€933)
- Profit (loss) carried forward -€933
down €933 (-240.9%), from -€387 to -€1,320
- Other debts +€454
new in 2025: €454
- Gross operating margin -€741
new in 2025: -€741
- Other operating charges -€267
down €267 (-69.0%), from €387 to €120
- Financial charges +€72
new in 2025: €72
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 | €513 | €34 | -€479 | -93.4% |
| Current assets | 29/58 | €513 | €34 | -€479 | -93.4% |
| Cash at bank and in hand | 54/58 | €513 | €34 | -€479 | -93.4% |
| Total equity and liabilities | 10/49 | €513 | €34 | -€479 | -93.4% |
| Equity | 10/15 | €513 | -€420 | -€933 | |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Contributions outside capital | 11 | €900 | - | -€900 | |
| Other | 1109/19 | €900 | - | -€900 | |
| Profit (loss) carried forward | 14 | -€387 | -€1,320 | -€933 | -240.9% |
| Amounts payable | 17/49 | - | €454 | +€454 | |
| Amounts payable within one year | 42/48 | - | €454 | +€454 | |
| Other amounts payable | 47/48 | - | €454 | +€454 | |
| Other operating charges | 640/8 | €387 | €120 | -€267 | -69.0% |
| Gross operating margin | 9900 | - | -€741 | -€741 | |
| Operating profit (loss) | 9901 | -€387 | -€861 | -€474 | -122.4% |
| Financial charges | 65/66B | - | €72 | +€72 | |
| Recurring financial charges | 65 | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | -€387 | -€933 | -€546 | -140.9% |
| Profit (loss) for the period | 9904 | -€387 | -€933 | -€546 | -140.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€387 | -€933 | -€546 | -140.9% |
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 9 October 2026 via checked.be.