FENNCORP: 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.
FENNCORP
Largest movements
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Cash +€103,207
up €103,207 (+134.5%), from €76,732 to €179,939
mainly Current investments (+€125,000) and Depreciation (+€427)
- Receivables within one year +€2,269
up €2,269 (+99.7%), from €2,276 to €4,545
of which Other amounts receivable: +€1,593
- Other debts -€12,182
down €12,182 (-42.6%), from €28,613 to €16,430
- Tax, wage and social debts -€4,000
no longer reported in 2025 (was €4,000)
- Profit (loss) carried forward -€3,033
new in 2025: -€3,033
- Gross operating margin +€18,820
up €18,820 (+76.3%), from -€24,672 to -€5,852
- Financial income +€3,825
new in 2025: €3,825
- Financial charges -€253
down €253 (-68.3%), from €370 to €117
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 | €205,392 | €185,489 | -€19,903 | -9.7% |
| Fixed assets | 21/28 | €989 | €562 | -€427 | -43.2% |
| Tangible fixed assets | 22/27 | €989 | €562 | -€427 | -43.2% |
| Furniture and vehicles | 24 | €989 | - | -€989 | |
| Leasing and similar rights | 25 | - | €562 | +€562 | |
| Current assets | 29/58 | €204,403 | €184,927 | -€19,476 | -9.5% |
| Amounts receivable within one year | 40/41 | €2,276 | €4,545 | +€2,269 | +99.7% |
| Trade receivables | 40 | €275 | €951 | +€676 | +245.4% |
| Other amounts receivable | 41 | €2,001 | €3,594 | +€1,593 | +79.6% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €76,732 | €179,939 | +€103,207 | +134.5% |
| Deferred charges and accrued income | 490/1 | €395 | €443 | +€48 | +12.2% |
| Total equity and liabilities | 10/49 | €205,392 | €185,489 | -€19,903 | -9.7% |
| Equity | 10/15 | €110,129 | €107,096 | -€3,033 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €97,729 | €97,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €95,874 | €95,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,033 | -€3,033 | |
| Amounts payable | 17/49 | €95,263 | €78,393 | -€16,870 | -17.7% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,876 | €17,993 | -€16,883 | -48.4% |
| Trade debts | 44 | €2,263 | €1,563 | -€700 | -30.9% |
| Suppliers | 440/4 | €2,263 | €1,563 | -€700 | -30.9% |
| Taxes, remuneration and social security | 45 | €4,000 | - | -€4,000 | |
| Taxes | 450/3 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €28,613 | €16,430 | -€12,182 | -42.6% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €291 | €427 | +€135 | +46.4% |
| Other operating charges | 640/8 | €550 | €462 | -€88 | -16.0% |
| Gross operating margin | 9900 | -€24,672 | -€5,852 | +€18,820 | +76.3% |
| Operating profit (loss) | 9901 | -€25,514 | -€6,741 | +€18,773 | +73.6% |
| Financial income | 75/76B | - | €3,825 | +€3,825 | |
| Recurring financial income | 75 | - | €3,825 | +€3,825 | |
| Financial charges | 65/66B | €370 | €117 | -€253 | -68.3% |
| Recurring financial charges | 65 | €370 | €117 | -€253 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,884 | -€3,033 | +€22,851 | +88.3% |
| Income taxes | 67/77 | €21 | - | -€21 | |
| Profit (loss) for the period | 9904 | -€25,905 | -€3,033 | +€22,872 | +88.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,905 | -€3,033 | +€22,872 | +88.3% |
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 1 October 2026 via checked.be.